The U.S. stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big U.S. stocks' just-reported Q2'19 resul...Read More
Aug 13, 2019 Guest(s): Anthony Scaramucci Former White House Communications Director Gold is a near-term safe haven asset, said Anthony Scaramucci, but the hedge fund manager and former White House Communications Director sees potential in other assets on a longer-term basis. "It's a near-term safe haven but long-term it really doesn't solve people's problems," Scaramucci told Kitco News. "I wou...Read More
The U.S. stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big U.S. stocks' just-reported Q2'19 resul...Read More
Aluminium premiums were flat across most regions in the week ended Tuesday August 13, except in Brazil, where the P1020A premium for S??o Paulo delivery ticked higher after three months with no changes. S??o Paulo premium ticks up on dissipating discounts Rotterdam premiums flat, trades thin US Midwest premium unchanged on seasonality MJP steady amid Japanese holidays.Delivered premium up in Brazi...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday August 13, appreciating by around 2.6% and settling above the $2,300 per tonne level in a continuing recovery, while strong buying in nickel saw its outright price closed in on the $16,000 per tonne resistance level. Volumes traded in zinc were low over the day's trading, with 7,700 lots exchanged b...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 13, 2019 Please click here now.Double-click to enlarge this chart. Another glorious day for gold investors is underway. Please click here now. Double-click to enlarge. The only better-looking chart than gold right now is... silver! Years ago, I coined the term “flagification&rdq...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
We strongly advise metals investors to read the "Ahead of the herd" site regularly. It is very educational and informative. Readers will find the site loaded wtih facts and information with a sharp insight into the mining industry. Views on the metals are the priority but there are regular in-depth opinions on currencies, interest rates, central banks activities among several topics. Analysis and...Read More
"The company now has 100% ownership of a nickel district with over 280Mt of resource [measured and indicated] in one of the largest mining districts in Brazil, the Carajás district, which has good infrastructure, water, energy and skilled labour," Horizonte chief executive Jeremy Martin said."This generates the potential for Horizonte to develop two mining centres within trucking distance o...Read More
Seaborne manganese ore prices continued to fall this past week amid rising risk aversion among Chinese buyers, partly due to the depreciation of yuan against the US dollar, while a weak alloys market also dampened consumers' appetite for seaborne cargoes. Seaborne low-grade, high-grade manganese ore prices continue to soften. Silico-manganese prices dip further in China. Indian silico-manganese pr...Read More
That contribution was above guidance of $390-$430 million.Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce that, subject to regulatory approval, it has retained Mackie Research Capital Corporation ("Mackie Research") to initiate market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange.Beginning August 1, 2019, Mackie Research will trade sh...Read More
The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses Europe awaits r...Read More
Dave KranzlerThe price of gold continues to hold up under the enormous selling in the paper derivatives markets on the Comex and LBMA. This morning's price attack is a good example:The chart above shows December paper gold in 5 minute intervals. Typically the price of gold is taken lower leading up to the a.m. London "fix," in which the "price fix" process is characterized with heavy offerings...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. Double-click to enlarge this chart. 2. Another glorious day for gold investors is underway. 3. Please click here now. Double-click to enlarge.4. The only better-looking chart than gold right now is... silver!5. Years ago, I coined the term "flagification" to describe the formation of multiple flags on...Read More
"The true hallmark of a bull market in gold, however, is its ability to rise relativeto other major currencies. And it's doing just that." - John MurphyMichael Kosares, USA Gold Gold responds to the trade and currency warAt all-time highs in six of the world's top currenciesThe charts posted immediately below tell one of the quiet, but perhaps most important stories unfolding in the world of hig...Read More
Jordan Roy-Byrne CMT, MFTALast week was another strong one for the precious metals sector. Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had noted the lack of resistance from $1425 to $1525-$1550/oz. Gold has not reached $1550/oz yet but as it...Read More
Captain EwaveGOLD: Short Term Update Short Term Update: In the overnight session we moved lower early to reach a low of 1499.40, but gold has now surged up to the 1520.00 level! On the intraday chart the drop from 1522.40 to the current low of 1499.40 looks to be a small corrective pattern. If it is complete at the 1499.40 low then gold is now heading above the 1522.40 level....Read More
SRSrocco While the gold and silver prices have broken out higher, precious metals investors are wondering if the rally will continue throughout the rest of the summer. Since the beginning of June, gold has gone up $250 while silver has increased $3. Gold is now trading above $1,500 for the first time since 2013 and silver has finally penetrated a key resistance level held for the past six y...Read More