Jul 23, 2019 Guest(s): Robert Kiyosaki Robert Kiyosaki, best-selling author of Rich Dad Poor Dad, has only one piece of advice for investors of all ages seeking to build wealth: buy "real" money. "I always say the same thing...right now, people say 'well, I can't afford gold,' then buy silver. Silver is so undervalued today. I can buy silver for two bucks, I can go to a coin dealer and buy a di...Read More
It was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%.Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new 52-week high.Let's take a look at the current technicals.Gold closed the week just below $1427/oz. If it remains above $1420-$1425, then it is likely to trend towa...Read More
Tin's three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day's trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level. Turnover was moderately light across the day's trading, with copper's 11,700 lots leading the comp...Read More
Norsk Hydro's Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.The Norwegian aluminium producer announced on Tuesday July 23 that a continued ramp-up in production at its facilities in Brazil has been successful. Capacity utilization at Alunorte, located in the northern Brazilian state of Par??, is expec...Read More
Nickel's three-month price on the London Metal Exchange was higher during morning trading on Tuesday July 23, continuing its upward trajectory above $14,300 per tonne, while tin's three-month price slipped to just over $17,630 per tonne - close to its lowest level since 2016. Turnover was moderate over the morning session, with European trading hours opening to some 4,000 lots of copper and 3,500...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher after a late-session surge Tuesday on a report that the U.S. and China would resume face-to-face trade talks. Shares of Snap (SNAP) rose as the parent company of Snapchat gets ready to report earnings after the bell. Snap is Real Money's Stock of the Day. Coca-Cola (KO) shares climbed after the b...Read More
Bob Moriarty ArchivesJul 23, 2019Liberty Gold is one of those companies whose future is pretty easy to see. It’s part of the stable of Mark O’Dea who soldLong Canyon to Newmont for $2.3 billion at the top of the last cycle.After the sale of Fronteer to Newmont, the non-core assets were spun off into another company. Two of the projects were in Turkey. Liberty has been trying to do some...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday July 23 that are worth another look.Russian producer UC Rusal has completed the installation of a new aluminium smelter with capacity for 120,000 tonnes per year at its Boguchansky plant at Krasnoyarsk in Russia, it said on Tuesday July 23. Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices ...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 23, 2019 At McDonald’s restaurant, customers can “supersize” their food orders.Can gold supersize its awesome 2019 price action? Well, please click here now: Double-click to enlarge. The technical action on this gold chart is spectacular! Gold has formed a massive p...Read More
Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices in terms of producer sales in the week to Friday July 19, market sources told Fastmarkets. Chrome ore prices jumped on Friday amid rising nickel prices and stronger sentiment around the stainless steel market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China, rose by $5 per tonne, o...Read More
In Toronto, eCobalt Solutions (TSX: ECS) shot up 25.58% yesterday as it moves to close its merger with Jervois Mining (ASX: JRV), after shareholders in both companies last week agreed to the transaction.Jervois had shot up about 20% yesterday intraday but was down about 10% in afternoon Australian trade today. The gold price is about US$10 an ounce lower than this time yesterday, about $1,416/oz.B...Read More
Mines Minister Abdoulaye Magassouba told the wire service the international tender would be "open, competitive and transparent".The high-grade iron ore project has been beset by legal battles and its remote location has posed infrastructure problems.However strong iron ore prices and the resolution of some problems have increased Guinea's chances developers could be found, Reuters said.Rio Tinto (...Read More
Norsk Hydro's Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.The Norwegian aluminium producer announced on Tuesday July 23 that a continued ramp-up in production at its facilities in Brazil has been successful. Capacity utilization at Alunorte, located in the northern Brazilian state of Par??, is expec...Read More
ASX-listed gold miner Silver Lake Resources has appointed Swick the preferred tenderer for underground drilling at its Mt Monger operation, with three rigs set to begin work in August.Read More
Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain. Rising geopolitical worries on the back of Iran's seizure of a British-flagged tanker, as investors look for major central banks to ease policy, provided support for the precious metals. September silver SIU19, +0.02% rose 21.6 cents, or 1.3%, to settle at $16.411 an oun...Read More
German steelmaker ThyssenKrupp approved investment funds to build a new chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations. ThyssenKrupp declined to provide the value of the investment but sai...Read More
Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has produced its first antimony metal, parent company Tri-Star Resources said on Monday July 22. Tri-Star, which has a 40% equity interest in SPMP, has reported the facility's first antimony production after nine months of remedial activity and several technical issues that have delayed output ini...Read More
Turkish steel mills remained silent over the course of the day on July 23, while news of an older cargo was revealed, sources told Fastmarkets on Tuesday July 23.The market is waiting to hear of any fresh cargo purchases this week, after a cargo that was reportedly sold on July 19 came to light late on Monday July 22.A steel mill in the Iskenderun region bought a United States-origin cargo compris...Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More
Against a backdrop of poor economic growth, especially in Germany and China, and in the absence of fresh news, markets seem to be content to consolidate this morning, Tuesday July 23.This is especially so ahead of the release of flash manufacturing purchasing managers' index (PMI) data on Wednesday and the European Central Bank (ECB) rate decision on Thursday. Metals consolidate after recent price...Read More