It has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass.Last week Gold, Silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these resistance levels (Gold $1550, Silver $18.50, GDX 31) date back to 2013.Bonds and precious metals have benefitted from the shift in Fed policy as well as fears of re...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 10.Please click...Read More
The three-month aluminium and copper prices on the London Metals Exchange defied a stronger dollar index to trade significant volumes by the end of the day's trading on Tuesday September 10. "Flow [of trading] this past week has been systematic short-covering and trading volumes are coming back under pressure suggesting prices will struggle to move aggressively," Marex Spectron said in a morning n...Read More
Chinese spot copper premiums hit nine-month highs during a recent copper conference in the Chinese city of Qiqihar (September 5-6), but delegates were less optimistic for the annual benchmark contract negotiations for 2020. Fastmarkets looks at the key topics dominating the Chinese copper industry into the fourth quarter. Spot copper premiums basis cif Shanghai and in-warehouse Shanghai hit n...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 10, 2019 Is the gold price reaction over? Well, since the rally began in the $1170 area, corrections have not lasted very long. After rallying to the $1566 area, gold has pulled back to about $1500.Please click here now: Double-click to enlarge.Strong trend line support is already in...Read More
Chilean copper production rose by 0.9% year-on-year in July 2019 with growth at the Esperanza, Collahuasi and Spence mines offsetting lower output from Codelco, Escondida and Anglo American.The country produced 486,500 tonnes of copper content during the month, compared with 482,000 tonnes a year earlier, Chilean copper commission Cochilco said on Monday September 9. Volumes had not grown on the s...Read More
"This marks in history the most northerly bulk cargo ever to be extracted anywhere in the world," said Bluejay Mining chief executive Roderick McIllree.Read More
Toronto-based RPA (Roscoe Postle Associates) was acquired by UK-based Scott Wilson Group in 2006, then bought out and reprivatised by management in 2011.SLR's move on RPA follows ERM's acquisition of Australia-based CSA Global in July this year.RPA has about 60 staff, including geological, mining and metallurgical consultants, and offices in Toronto, Denver and London. The company becomes part of...Read More
The video game industry is one of the fastest growing industries in the world, representing a massive 2.5 billion gamers across the globe. The revenue forecast of $152.1 billion for 2019 alone represents a 9.6% growth YoY - almost double the growth of the apparel industry, which has been growing steadily for decades. [1]The three major divisions of this lucrative market are mobile games, console g...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced the completion of functional integration to an additional 125 retailer destinations, bringing Venzee closer to its 2019 goal of connecting to the 250 largest retailers around the world, as identified in Deloitte's annual retail ranking (Global Powers of Retailing 2019, Deloitte Touche Tohmatsu Limi...Read More
Michael Kosares, USA Gold Bank of England governor Mark Carney, in something of a shocker, told the recent Jackson Hole central bankers' conference that the world's reliance on the US dollar 'won't hold' and needs to be replaced by a new international monetary and financial system based on many more global currencies," according to a Financial Times report. The greatest impact of Carney's bombs...Read More
By Avi GilburtI think this market has been providing many investors with whipsaw and head aches, which has also caused much head scratching. (And, yes, that little itch may be telling you something.)Back in November of 2018, no one even considered the possibility of a bond rally because the Fed was raising rates. And, recently, no one even considered the possibility of any type of top in bon...Read More
By: Ira EpsteinGold at lower Bollinger band support, gold at an important number, to me..Read More
By: Ira EpsteinRead More
IInterest rates on the Ten-Year Note still have a long way to fall if they are going to achieve the 0.73% target shown in the chart (see inset). Although it is mildly bullish that they have bounced from well above the 1.30% Hidden Pivot target given here earlier, the rally would have to hit 2.18% to turn the weekly chart bullish. For now, though, we'll need to respect the uptrend because i...Read More
The current fall in gold and silver is just a correction and not a short term bearish trend. Please remember that there is a difference between correction and a bearish trend. Bearish trend will be there only if gold trades below $1487 after the FOMC on 19th September. Sharp correction till the FOMC should be used to invest or go long in futures with higher trailing stop loss. Please do not trad...Read More
Samantha Hyde, CEO of Argo Resources - the UK-based start-up developing the deep eutectic solvents (DES) technique alongside a team at Leicester University, said the new method was at technologyRead More
Turkish deep-sea scrap import prices fell again on Tuesday September 10, after a Baltic Sea supplier agreed to accept a lower bid from a Turkish steel mill.Late on Monday, a steel mill in the Izmir region booked a Baltic Sea cargo of 25,000 tonnes of HMS 1&2 (80:20) at $240 per tonne cfr.And other Baltic Sea scrap suppliers were offering HMS 1&2 (80:20) at $245 per tonne cfr.As a result....Read More
We learned from Marc Pais, President and CEO of Arizona Metals Corp. (TSX.V:AMC), that they are a gold and copper exploration company, that was started in 2014 and listed about three weeks ago in August of 2019, and owns 100% of two projects in Arizona: the past-producing high-grade Kay Gold-Copper Mine in Yavapai County, and the Sugarloaf Peak Gold Project in La Paz County. Arizona Metals is curr...Read More