Last 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 inches higher, some technical a...Read More
By this point, you probably know gold is making a major breakout, having surged to a six-year high.This is something many of us had been expecting for months if not years, but not everyone listened.Well, that's fine, because there's still plenty of room left for gold prices to run.Goldman Sachs believes it'll keep rising from $1,500 per ounce to more than $1,600 in just the next six months."If gro...Read More
What if I told you that a leisurely competition gave out more than $30 million in cash prizes? Would you be interested?Of course you would.But I'm not talking about the lottery, the World Poker Tournament, or even the Masters.I'm talking about video games. And some kids today are making more money playing them than some of the biggest names in professional sports.Kyle Giersdorf, a sixteen year old...Read More
Last 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 inches higher, some technical a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down 800 points Wednesday, its worst day of the year, as weak economic data from China, GDP contraction in Germany, and the first inverted U.S. yield curve in 12 years stoked fears of a recession. Benchmark 10-year Treasury note yields fell below yields on two-year notes for the first time si...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it's portfolio company ezGreen Compliance has received endorsement from Dr. Francisco A. Ward D.O., Co-Chairman of the Maryland State Medical Society, medical cannabis task force, for its Point of Sale (POS) solution...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced the appointment of John Sexton Abrams as President and CEO, effective immediately.Mr. Abrams' previous leadership successes range from creating Redbox, a non-stop revenue-producing asset for McDonald's Corporation (MCD:NASDAQ) that sold to Coinstar for US$200 million, and the separation of various...Read More
The president said concessions were not obtained to produce but to financially speculate.Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has completed network approval of the Company's flagship Uniden(R) UV350 in-vehicle phablet with an additional Tier 1 cellular carrier in Canada and anticipates commercial launch in Q3, adding to its growing list of nationwide cellular carrier partnerships in North America...Read More
Steel mills in Turkey have remained out of the deep-sea scrap markets so far this week with trading limited by the Eid al-Adha religious holiday in the country, sources told Fastmarkets on Wednesday August 14.The Turkish market and those in other Middle Eastern territories will be closed until August 15 for Eid al-Adha; no new deals for cargoes were expected to be heard before then.As a...Read More
Craig HemkeAs global interest plummets to historically negative levels and as the U.S. bond market reveals a deeply inverted yield curve it's time again to assess what all of this means for the precious metals investor.Just yesterday, a fellow on CNBC remarked that "no one had seen this coming". By "this", he meant a sharp rally in both gold and bonds. Oh really? We write these articles for Spro...Read More
By: Ira EpsteinGold still up on the week. This pullback may not have been a cap on the gold rally. Was this a one day event?Read More
Trump and his delay of additional trade tariff will not have any impact on gold and silver. Yesterday's fall was just an excuse to book some profit. Long term bullish factors such as de-dollarization, central bank buying and interest rate cut trend is here to stay. Even corrections up to $1370 (if any) will be a part of the bullish trend. Silver will rise. I do not foresee it falling below $158...Read More
Trading volumes on the London Metal Exchange declined by 6% in the first half of 2019, parent company Hong Kong Exchanges & Clearing (HKEX) said in its own half-year results announcement.HKEX said the chargeable average daily volume of contracts traded on the LME was 619,000 lots in the first six months of the year, compared with 659,000 lots during the same period...Read More
Alita Resources, formerly known as Alliance Mineral Assets and listed on the Australian and Singaporean securities exchanges, has suspended the trading of its securities as of Wednesday August 14 on the lower lithium prices. The company will be discussing its debt situation with lenders while negotiating with its spodumene offtake partners in the following weeks, Fastmarkets has learned. Oversuppl...Read More