Searchlight Resources Inc. ("Searchlight" or the "Company") (TSXV:SCLT) is pleased to announce that it intends to complete a private placement of flow-through and non-flow-through units (the "Private Placement").Read full newsRead More
SINGAPORE - Nickel prices shot up on Thursday, with London nickel set for its biggest one-day gain in a decade and Shanghai nickel touching a record high amid worries that major supplier Indo...Read full newsRead More
This week started off just swell, with the biggest drop of 2019 shaving about 3% off the markets.Goodbye nearly $1 trillion.What a shocker, though. Who could have seen it coming?Everyone. The answer is everyone. Quite frankly, anyone surprised should be ashamed.We knew there had been no progress, only tepid platitudes about how important reaching a trade agreement is for both nations.We knew that...Read More
Weak demand and bearish macroeconomic factors continued to pressure primary aluminium foundry alloy premiums lower in Europe and the United States on Friday August 9.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot premium ddp Germany at $335-355 per tonne on Friday, down from $340-355 per tonne on July 11. The premium fell for the second straight month, with market participants...Read More
Aug 09, 2019 Guest(s): Mark Cuban Owner, Dallas Mavericks "I hate gold. Gold is a religion," Mark Cuban, owner of the Dallas Mavericks, told Kitco News in an exclusive interview at the Three Sharks In A Castle Symposium. "I do not see it as an alternative to currency." Cuban said that while there may be some fundamental value to gold, "everything else is a collectible," he said, adding that gold...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Zinc's three-month price on the London Metal Exchange fell by 3% at the close of trading on Friday August 9, dropping its lowest price September 2016, while nickel futures held at newly elevated levels despite a 1.6% decline (over the day?). Turnover across the exchange was fairly light over the day's trading, with nickel volumes leading the complex at just over 10,500 lots exchanged by the close....Read More
Larry LaBordePosted Aug 10, 2019During WWII the Germans were in need of money to buy foreign materials to conduct the war. It is estimated they stole almost 500 metric tons (around 16 million troy oz equal to $23 billion USD @ $1,450/oz) from various governments. Most was taken from Belgium, the Netherlands, Austria and Czechoslovakia. The French gold (about 2,500 metric tons or 80 million troy oz...Read More
There are new danger signals from bonds and gold for stock market bulls. Prudent investors would be wise to understand them. Let's explore the issue with the help of two charts. Charts Please click here for an annotated chart of iShares 20+ Year Treasury Bond ETF TLT, -0.20%. Please click here for an annotated chart of S&P 500 ETF SPY, -0.68%. For the sake of transparency, this chart was pre...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday August 9. China UG2 chrome ore prices ticked down, breaking a four-week rally, after depreciation of the yuan against the dollar raised the cost of importing material. The charge chrome market was stable for the sixth consecutive week amid limited activity. ...Read More
We are not saying that gold and some gold stocks have notperformed well particularly after 2013-2014. Many gold stocks have put in outstandingperformances while many of the so called experts in the investment world missedthem. Note well that the major American brokerage industry willnot and has proven incapable of ever offering timely and accurate advice forgold and gold stocks. Generally speaki...Read More
Treatment and refining charges for spot copper concentrates trended lower still early in August, with traders placing sharp bids on tendered cargoes and smelters amid continued port disruptions in Peru.The Fastmarkets copper concentrate TC/RC index basis cif Asia Pacific dropped to $49.8 per tonne/ 4.98 cents per lb on August 9 from $50.4/5.04 cents a week ago. The latest value is another record l...Read More
Bob Moriarty ArchivesAug 9, 2019All markets go up. All markets go down. No market ever goes straight up unless it’s the end of the world and in that case why would you give a shit?Gold hit bottom in early 2016. Smart money was buying then. Gradually gold rose and fell with the tide until lately when it went on a roll. All the permabulls are screeching about a new bull market but it’s b...Read More
If you think gold is always a "safe haven" financial asset, think again. It crashed in the 2008 financial crisis along with everything else. And it lost about three-quarters of its purchasing value during the 1980s and 1990s. But it's acting like a safe haven now. Bullion prices surged Monday, while everything else fell apart, rising 1.5% to a fresh six-year high. Gold GC00, -0.10% is proving th...Read More
The world's largest diamond miner said July 2019 sales of rough and polished diamonds totalled US$170.5 million, taking sales for the January-July period to $1,981.8 million."A significant decline in diamond sales was attributable to a number of factors including a sizable level of diamond inventory overhang in the midstream built-up last year on abnormally high demand growth," said Evgeny Agureev...Read More
The Denmark-based and listed equipment manufacturer said the lumpy but robust mining capital equipment market continued to look positive, with its mining capital business revenues up 36% for the first half of the year, versus the same period last year, at US$340 million, and 44% yoy for the second quarter, while services revenue was flat yoy for the half at US$530 million and up 2% yoy in the seco...Read More
Adam HamiltonArchivesAug 09, 2019 The US 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 US sto...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to provide an update on the status of certain actions being taken by management to contain costs during the industry wide over supply of frac sand and to respond to certain allegations made by a group of shareholders (the "Shareholder Group") in their press release dated August 8, 2019.Cost ContainmentTh...Read More
The Chinese zinc industry has been asked to offer responses by mid-September to a government proposal on stricter import thresholds for zinc concentrate despite strong opposition. Under the current standards for zinc, in place since 2006, imported concentrates may contain a maximum of 0.6% arsenic, 0.3% cadmium and 0.06% mercury, according to the Ministry of Finance. The consultation document, iss...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down as President Trump said he's not ready to do a trade deal with China and the U.S. won't do business with China's Huawei Technologies until a deal is reached. Uber Technologies (UBER) shares fell after the ride-sharing company reported a wider-than-expected second-quarter loss and warne...Read More