Nick Appleyard, CEO of TriStar Gold, talks with Maurice Jackson of Proven and Probable about advancing his company's gold project in Brazil. TriStar Castelo de SonhosMaurice Jackson: Joining us for a conversation is Nick Appleyard, the president, director and CEO of TriStar Gold Inc. (TSG:TSX.V). Glad to have you discuss the value proposition before us, TriStar Gold, which is focused on developin...Read More
Domestic prices for hollow steel sections remained unchanged across Europe this week, with trading largely on hold during the traditional summer break, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, stayed at ?,?615-630 ($688-705) per tonne on Wednesday.During August, many workers take...Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil dropped over the past week, largely due to limited buying interest arising from heightened trade tensions between China and the United States, market sources told Fastmarkets.The Chinese currency passed the 7-yuan per $1 threshold earlier this month after US president Donald Trump announced plans to impose 10% duties on...Read More
A potential recession was the talk of Wall Street todayGrowing recession fears sparked heavy selling in stocks today. Traders responded to an inverted yield curve on top of ugly economic data out of China and Germany, sending the Dow to a monstrous 800-point loss. President Donald Trump weighed in on Twitter, calling Fed Chair Jerome Powell "clueless" and saying the Fed raised rates "too much & to...Read More
The banking sector is taking a hit after this morning's yield curve inversionWall Street has been rocked today by news of an inverted yield curve. The banking sector is getting hit the hardest, as evidenced in the price action in the Financial Select Sector SPDR Fund (XLF), which is down 3.2% at $26.13, breaching support at its 160-day moving average, which contained a pullback in late May. Bank s...Read More
The price action is echoing the panic selling on Wall StreetPanic selling has gripped Wall Street today following a rare yield-curve inversion. Among individual stocks making notable moves are ride-sharing name Uber Technologies Inc (NYSE:UBER), generic drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA), and molecular diagnostic specialist Myriad Genetics, Inc. (NASDAQ:MYGN). Here's a quick...Read More
Chinese output of hot metal, crude steel and finished steel all fell on a month-on-month basis in July amid weakening demand and steelmaking restrictions in the country's production hub in northern China. Demand in China's domestic market weakened last month amid bad weather - heavy rain in some regions and sweltering heat in most of the country - which was a major contributing factor for July's l...Read More
Traders are expecting new lows for the ETFIt's already been a roller-coaster week for the SPDR S&P Retail ETF (XRT). The exchange-traded fund (ETF) rallied on Tuesday on news that the Trump administration will delay tariffs on some Chinese goods, including several clothing and apparel items. Today, however, XRT shares are back in the red, following a grim earnings showing for Macy's (M) and concer...Read More
Ifyou buy shares in a silver mining company, you will have to assume additionalmarket risks compared to ownership of silver bullion. You may wish to do soin order to potentially gain leveraged exposure to silver prices.Whatyou may not realize, however, is that most of the publicly traded “silver” stocks out there are primarilyin the business of mining other metals – sometimes gol...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
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
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...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
It appears that the two steps forward, one stepbackwards approach of mainland China isn’t working as Hong Kong citizens areprotesting again. The increasingly violent protests have plunged Chinese-ruledHong Kong into its most serious crisis in decades, and the situation appears tobe getting worse every week. What does it imply for the gold market? Hong Kongers ProtestOn Monday, Hong Kong&rsqu...Read More
Sector expert Michael Ballanger draws connections between nefarious non-native species in the natural world and in the world markets. Invasive species: Any kind of living organism—an amphibian (like the cane toad), plant, insect, fish, fungus, bacteria, or even an organism's seeds or eggs—that is not native to an ecosystem and causes harm. They can harm the environment, the economy, o...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
A bullish signal just flashed for IOVA that could have it trading back near its five-year highsIovance Biotherapeutics Inc (NASDAQ:IOVA) has had quite the year. The stock saw a massive post-earnings bull gap in May and subsequently rode its 10-day moving average straight towards a five year peak of $26.59 late last month. What's more, IOVA just landed on Senior Quantitative Analyst Rocky White's l...Read More