Silver and nickel miners stole some of the shine in the precious metals sector this week as pundits were split on gold’s next move. Among the silver stocks, Canadian explorer Kootenay Silver (TSX-V: KTN) closed on a C$5 million private placement this week, funded by the billionaire investor Eric Sprott. The British Columbia headquartered junior miner is actually...Read More
It's been a fun month for just about everyone in the finance world.Questions abound from friends and family while the stress just makes us want to nurse a drink in gloomy silence while the markets are closed.The most depressing for me was hearing from a friend who went to cash in his retirement account. Of course it was executed late and with the worst possible prices right at the bottom of the di...Read More
The Chinese government has revived a 25% tariff on imports of US automobiles and a 5% tariff on auto parts, set to take effect on December 15, which some market participants worry could imperil future investments as well as steel and base metals demand.Chinese tariffs on US-made cars and auto parts were placed on hold in April, but the Chinese government reinstated them on Friday August 23. Beijin...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The London Metal Exchange three-month nickel price lost gains made over the course of the trading day to close at $15,665 per tonne on Friday August 23, down 1.3% from the intraday high of $15,860 per tonne, despite a healthy 11,294-lot turnover, the highest since August 8. A significant 22,620 lots were traded on August 8 when a short-covering rally driven by Chinese investment buyers pushed the...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Treatment and refining charges (TC/RCs) for spot copper concentrates rose marginally in mid-August following five consecutive weeks of declines, with few smelters in the market buying tonnages at stable terms.Fastmarkets' copper concentrate TC/RC index basis cif Asia Pacific rebounded to $50.20 per tonne/ 5.02 cents per lb on August 23, up from $49.60 per tonne/ 4.96 cents per lb a week ago - whic...Read More
Bob Moriarty ArchivesAug 23, 2019It’s been eight months since I havedelivered an update on Novo. While Novo has put out a fair number of press releases since then I have been waiting for some solid red meat. They have just put out red meat that should satisfy the Novo faithful and really irritate all the naysayers who live to pee on Novo’s parade.In the piece I wrote in December of 201...Read More
The auctions of aluminium ingots, alumina and copper cathodes by Qingdao Intermediate People's Court have ended this week, with Europe-based trading houses winning some of the listings, according to official auction documents from JD.com dated Friday August 23. The significant quantity of metal was impounded in 2014 during a government crackdown over the misuse of collateral for financing metals i...Read More
Today's investors must recognize that we no longer havethe comprehensive brokerage house research support for stocks as in the past;research has declined for over twenty years and that lack of analysis willcontinue. Why? Because the spreads between stocks' bid and offer prices havebecome so narrow that the brokerage houses' and banks' market makers' profitsare minimal if not non-existent. The prof...Read More
Adam HamiltonArchivesAug 23, 2019 The mid-tier gold miners' stocks have soared in recent months on gold's decisive bull-market breakout. They are this sector's sweet spot for stock-price upside potential, with room for strong production growth which investors love. That's an attractive contrast to the stagnating major gold miners. The mid-tiers' recently-reported Q2'19 results reveal whether their...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and their latest price moves.Read More
Global scrap prices trended downward during the week ended Friday August 23, negatively affected by lackluster demand with buyers taking a pessimistic outlook on scrap prices in the near term. Turkish import prices down on tepid demand US export prices flat on lack of trading Asian import prices decline, buyers wait for lower prices Indian prices hit new year-to-date low.TurkeyTurkish mills finall...Read More
Treatment and refining charges (TC/RCs) for spot copper concentrates rose marginally in mid-August following five consecutive weeks of declines, with few smelters in the market buying tonnages at stable terms.Fastmarkets' copper concentrate TC/RC index basis cif Asia Pacific rebounded to $50.20 per tonne/ 5.02 cents per lb on August 23, up from $49.60 per tonne/ 4.96 cents per lb a week ago - whic...Read More
Gold Fields appointed Macquarie Capital to sell the stake via an underwritten bookbuild after market close yesterday. The 87.1 million shares sold for A$1.45 each for proceeds of $126.3 million.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 352,29452,30145,250133,408469,658530,952567,209 Change from Prior Reporting Period 6,071-3,832-2,208-3,4159,1084483,068 Traders 22860745659308171 Small Speculators LongShortOpen Interest 63,85527,598594,807 397-2,223845 non reportable posi...Read More
By: Ira EpsteinGold in a distribution pattern. How do we come out of it is the question:Read More
Dave KranzlerBullion Star released a graph Tuesday that showed Switzerland exported 90 tonnes of gold to the London gold market (U.K.) in July, which dwarfed exports to India and China. Bloomberg's spin on the data was that the gold was needed for ETFs. Of course, as is typical, the Bloomberg "journalist" likely regurgitated "information" that came from a source rather than fact-chec...Read More
It's why the diffidence that usually characterises his market outings was replaced at this week's profit briefing with a sense of glee.Read More