The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More

Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon. Closing at $15,920 per tonne, nickel's futures price failed to close above its nearby support level after breaching the mark last...Read More

Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest's block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades...Read More

Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More

Bob Moriarty ArchivesAug 19, 2019After being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And another four weeks to get the cover and layout right. I had some important charts in it that couldn’t be shrunk and still understood.A couple of days ago I was reachi...Read More

Europe's high carbon ferro-chrome market dropped by over 4% to its lowest level in more than ten years amid weak demand, while the UG2 chrome ore index fell on aggressive bidding. European alloy price at lowest since May 2009  Chrome ore prices weaken in China  Domestic and imported alloy prices hold in China  Alloy prices hold in East Asia  US price holds amid inactivity The E...Read More

Bob Moriarty ArchivesAug 19, 2019As regular readers will remember I have been calling for a general stock market top in late summer followed by a major crash in September/October. In my opinion we could well have a serious liquidity event. If that happens everything that will catch a bid will be dumped. It will be a great time to pick up the low hanging fruit just as it was in late 2008. I have be...Read More

Fastmarkets published its cif Tianjin and fob Port Elizabeth manganese ore indices later than scheduled on Friday August 16 because of a technical issue. The following prices were published in Fastmarkets' price book later than scheduled: Manganese ore 37% Mn, fob Port Elizabeth, $/dmtu Manganese ore 44% Mn, cif Tianjin, $/dmtuManganese ore index 37% Mn, cif Tianjin, $/dmtuThe Fastmarkets price bo...Read More

Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More

The benchmark S&P/ASX200 has improved after Friday's slump and BHP (ASX: BHP) was up 0.58% at the time of writing.However Australian gold miner Saracen Mineral Holdings (ASX: SAR) was down 4.3% after today announcing a record profit, with production increasing and costs dropping and an inaugural dividend policy applying from FY2020.Mining stocks in Toronto were unchanged overall on Friday, as...Read More

"We are delighted that our vision of bringing this historic mine back into production after almost thirty years of closure has taken a significant step forward," said AfriTin chief executive Anthony Viljoen.AfriTin has already started producing tin concentrate at Uis, following the completion of its phase one pilot plant in July. The next step is to ramp up that plant to its capacity of 500,000 to...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received a Purchase Order ("PO") valued at $400,000 to equip first responders with its LTE Push-to-Talk Over Cellular ("PoC") devices and accessories. Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, "Our Push-to-Talk devices continue to gra...Read More

One of the world's leading suppliers of mineral drilling down-hole and information management technologies, and drilling fluids, Imdex is seeing better profit margins on more technology-led instrumentRead More

The price of antimony softened in both the European and Chinese markets in the week ended Friday August 16, while the markets reacted to the news that the last of the antimony materials held by the defunct Fanya Metal Exchange will be auctioned later this month.EuropeIn Europe, Fastmarkets assessed the price of antimony, MMTA standard grade II, in-whs Rotterdam, at $5,750-6,000 per tonne on Friday...Read More

"A severe depression like that of 1920-21 is outside the range of probability." The Harvard Economic Society, Nov. 16, 1929 "In an economy that is overleveraged to historic proportions, economic stimuli will not do the trick." Kenneth Eade, American attorney, environmental and political activist, author political and legal thrillers, from Terror on Wall Street, a Financial Metafiction Novel; b....Read More

- Jordan Roy-Byrne CMT, MFTALast week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon. As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the sector in the short term.However, the good news is, at least at present, Gold remains very st...Read More

Avi GilburtSo, as the bulls pat themselves on the back for holding all the way down last year for a 20% draw down so that they can "enjoy" the rally we got in 2019, I hope they don't hurt their arms and shoulders from all their back-patting. But, they may be in for a dose of realism when they realize that the market has now been completely flat for the last twelve months.Allow me to show you a...Read More

By: Ira EpsteinGold monthly showing the breakout higher, weekly upside bias with 18 week MA nearing $1,400 with momentum up..Read More

Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More

The talk of financial markets is about negative mortgage rates and its impact on global growth. Let's be straight, mortgage rates are linked to bond yields. Investors have the habit of factoring excess be it growth or recession. Assets prices these days are all about AI (artificial intelligence) powered momentum. Most of us make heavy losses when the investment we made starts reversing. Winners...Read More