Canadian platinum, palladium and silver mining stocks are among the junior miners enjoying a boost as investors search for value in a turbulent global market. While gold continues to forge upwards and the best junior gold stocks have been snapped up by investors this year, silver has outperformed its more lustrous cousin in recent weeks. In particular, analysts this week noted that silver...Read More
The U.S. yield curve inversion suggests the next recession is about 18-24 months away. That recession could mark the start of a long period of stagflation like 1966-1980.Please click here now. Double-click to enlarge this long-term bond market chart.Some gold analysts have noted the H&S top pattern in play, but it's important to wait for a trend line break before getting too excited.In t...Read More
"May you live in interesting times." It's an expression I've been thinking about a lot lately. At its core, it's used ironically to wish a life of disorder, uncertainty, and strife on someone. Just look at what has been making the news recently: The President of the United States suggested dropping nuclear weapons on hurricanes to stop them from hitting the country. People are actually getting...Read More
If a senior technical strategist at Citigroup is to be believed, gold prices will soon be testing $2,000 per ounce.Shyam Devani, the analyst in question, says that the ratio between gold and the S&P 500 is testing a critical pivot point and a break higher could trigger a rally that pushes gold prices 25% higher."Equity markets continue to look vulnerable, especially given the deeper inversion of t...Read More
Sep 06, 2019 Guest(s): Will Rhind CEO, GraniteShares The world has seen a "paradigm shift" where nothing is the same as before, and the Fed has difficult choices to make, says Will Rhind, CEO of GraniteShares. "On the one hand you could make the case for, which obviously the president would make, that yes, interest rates are too high and it's now against the backdrop of almost zero if not zero o...Read More
The U.S. yield curve inversion suggests the next recession is about 18-24 months away. That recession could mark the start of a long period of stagflation like 1966-1980.Please click here now. Double-click to enlarge this long-term bond market chart.Some gold analysts have noted the H&S top pattern in play, but it's important to wait for a trend line break before getting too excited.In t...Read More
The London Metal Exchange three-month nickel price closed higher on Friday September 6, with fresh buying momentum prompting the metal's forward spreads to tighten, while a steady incline in lead futures led the metal to top afternoon gains. Volumes traded in nickel over the afternoon were moderate at 8,600 lots, while average daily turnover returned to the August average of below 10,000 lots. Mor...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Barring copper and zinc, base metal stocks at Shanghai Futures Exchange-approved warehouses fell in the week to Friday September 6, with the biggest percentage fall in lead stocks, which tumbled by 16.3% or 5,081 tonnes to 25,998 tonnes. The largest outflow in lead inventories was registered at Zongchu Wuxi's warehouse in Jiangsu, which delivered out 2,863 tonnes leaving 8,641 tonnes of material,...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday September 6. Europe The high carbon ferro-chrome market rose for the first time since the week ended March 29 when the market was assessed at $0.98-1.18 per lb. The market narrowed upward after some sellers successfully raised their offer prices although demand remained weak. Othe...Read More
Albania-based chrome ore miner and high carbon ferro-chrome smelter Albchrome has extended the maintenance period of two of its furnaces for an additional three months, the company said on Friday September 6. Albchrome is undertaking maintenance at one furnace at its Burrel plant and another at its Elbasan plant. Both plants are only operating at 50% capacity during the works, according to a compa...Read More
Adam HamiltonArchivesSep 06, 2019 The gold miners' stocks have grown very overbought after soaring dramatically higher in recent months. Blasting really far really fast has left this sector really stretched technically and sentimentally. Excessive gains and greed always soon lead to major corrective selloffs, which are necessary to restore balance. All bull markets, even the most powerful, flow an...Read More
Due to Morgan's Comet Minerals being unable to conventionally assay the Titan nickel ground, a new process has been developed by associated company WildIP.Read More
Weir Group chief executive officer Jon Stanton described the Scotland-headquartered company's "largest-ever individual mining order" as a landmark deal."Fortescue challenged us to help create one of the most energy and cost-efficient magnetite ore processing facilities in the world," Stanton said."Our engineers have worked relentlessly to design a solution that is truly innovative - delivering sig...Read More
Deswik, founded in 2007, derives more than one-quarter of its turnover from South America, where it opened offices in Chile and Peru in 2015 and 2018, respectively. MCB has been its Brazil reseller partner since 2012.Deswik has about 300 employees in 13 offices worldwide."Brazil is a large and mature market and we think we've only just scratched the surface in terms of demand," managing director M...Read More
An overview of the minor metals markets and their latest price moves.Read More
The hastened ban follows the relaxation of a previous ore export ban in 2017. Market analyst Wood Mackenzie believes the move has serious implications for nickel supply, particularly in China, but also Indonesia.The nickel price rose last week from US$15,779 per tonne on August 27 to $18,004 on August 30 - a fresh five-year high - lingering at elevated levels on Wednesday at $17,905/t.While the ea...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 365,38564,83855,608147,717485,458568,710605,904 Change from Prior Reporting Period 2,776-9331,311-1,1492,7862,9383,164 Traders 22563835559312178 Small Speculators LongShortOpen Interest 65,64828,454634,358 -4,763-4,989-1,825 non reportable...Read More