India's gold imports plunged 73% in August from a year ago to the lowest le...Read full newsRead More

A few weeks ago we wrote that precious metals were at risk of a correction.First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years.This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surprise as we pointed out this leve...Read More

Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday's close price was 9% lower than the 2019 high of $1,951 per tonne from Marc...Read More

The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday September 5, breaching the $5,800 per tonne resistance level and closing at its highest level since August 1.This came amid a 12-week high in daily volumes traded, with nickel futures being the only metal to close lower over the afternoon.Three-month copper futures rose by by more than $120 per...Read More

The three-month tin price on the London Metal Exchange has rebounded by more than 14% during morning trading on Thursday September 5, prompted by the announcement of planned refined tin smelter production cuts by a group of 14 smelters in China. Tin's outright price reached an intraday high of $17,740 per tonne this morning, its highest level since July 26 and up by more than 12% from the end of A...Read More

Bob Moriarty ArchivesSep 5, 2019When you are climbing the steepest of mountains, especially at high altitudes, it can be tiring. If you start getting a nosebleed, you are simply working too hard and need a break.The DSI on gold hit 97 four weeks ago and while it has struggled to keep up with its fellow climbers with their burst of speed, both silver and platinum are starting to look shaky. On Sept...Read More

Sentiment was boosted by news of US-China trade talks scheduled for October, no-deal Brexit being blocked and Hong Kong withdrawing its proposed extradition bill which had sparked three months of protests.All key global indices closing higher yesterday and futures were also all looking positive around the world at the time of writing.In the US, copper major Freeport-McMoRan (NYSE: FCX) gained 2.4%...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday September 5 that are worth another look.Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs.While US interest in flat steel imports picked up somewhat in August, spurred by expectations of price increases for domestic...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has won an initial $200,000 contract to supply its Uniden(R) UV350 in-vehicle smartphones to one of Canada's largest heavy civil construction companies. The company will begin delivering from Q3 and expects additional orders in the coming quarters from this customer.Marc...Read More

Confirmation of lateral water occurrences on the moon's surface only came from Indian scientists last August.Read More

Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday's close price was 9% lower than the 2019 high of $1,951 per tonne from Marc...Read More

Silver is the talk of the town. Silver has finally started showing its true colors. New silver traders and investors were surprised by recent price move. I have seen a lot of zoom and bust in silver since 2001. I have been fascinated by silver due to its uses. Silver is still a poor man's gold compared to gold. One should invest in silver even at current prices. Silver is still highly undervalue...Read More

China's leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have taken diverse approaches to their September tender prices for high-carbon ferro-chrome, Fastmarkets heard on Thursday September 5.Tisco has raised its tender price by 50 yuan ($7) per tonne month-on-month to 6,100 yuan ($852) per tonne, while Tsingshan and Baosteel have rolled over their price...Read More

The Skouries project was put on hold in 2017 due to delays in the approvals process but progress was widely anticipated due to Greece's recent change in government.The company said yesterday it had received the electromechanical installation permits for Skouries and an installation permit for Olympias.It planned to start some works but said it was working with the Greek government "to achieve the...Read More

Prices for cobalt metal, salts and intermediates rebounded in August, sparked by lower prices that encouraged restocking and momentum stemming from anticipated tightness after Glencore announced it will close its Mutanda copper-cobalt mine in the Democratic Republic of the Congo (DRC) by the end of this year.Price movesBenchmark cobalt prices rebounded firmly in August amid expectat...Read More

Turkish steel producers have continued to secure scrap cargoes for September deliveries this week with prices continuing to move down, sources said on Thursday September 5.A steel mill in the Iskenderun region booked a Baltic-sea cargo comprising 25,000 tonnes of HMS 1&2 (80:20) at $247 per tonne and 5,000 tonnes of bonus at $257 per tonne for September shipment.Following the $12.30 per tonne pric...Read More

SUDBURY - Ontario's government is working for the people by investing in an underground operating mine that serves as a world-class research and training facility, supporting more than 150 full-time direct and indirect jobs.Today, Vic Fedeli, Minister of Economic Development, Job Creation and Trade, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, announced the North...Read More

The markets have been under steady pressure for so long that the combination of good news about Hong Kong, with the withdrawal of the extradition bill, and reports that high level US-China trade talks will resume in October, have been enough to lead a relief rally. This saw the three-month base metals prices on the London Metal Exchange rise by an average of 2.4% on Wednesday September 4.The rally...Read More

I'm an Uber driver, but really, I just hustle weed.Those are the words of my good friend Jonas Ahmed, who quit his job as a restaurant manager a few years ago to become a full-time Uber and Lyft driver.He initially started working just a few days a week for Uber in an effort to earn some extra income to help pay off his student loans. Unlike those who are demanding "loan forgiveness," also known a...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index rallied strongly from oversold conditions, surging 26.35 points or 2.5%, to close at 1098.30.MACD climbed 3.21 points to 3.67. RSI soared 40% or 15.54 points to 53.68 making a new multi-week high. RSI also broke the very strong downtrend line at 50 which I pinpointed...Read More