Copper's three-month price on the London Metal Exchange consolidated during morning trading on Monday March 18, remaining below its nearby $6,500 per tonne resistance level, with a fresh rewarranting of just below 25,000 tonnes failing to provide a major headwind to price action. Total LME on-warrant copper stocks now sit at around 138,000 tonnes. They are up by more than 84% since the start of Ma...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 18* Copper -$152.52 (-1,025.87 yuan) Aluminium -$299.66 (-2,015.62 yuan) Zinc -$140.58 (-945.56 yuan) Nickel -$273.15 (-1,837.32 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
China's domestic hot-rolled coil prices experienced a strong rebound on Monday March 18 with buyers making a rush for materials ahead of a reduction in the country's value-added tax on April 1.DomesticEastern China (Shanghai): 3,860-3,870 yuan ($575-576) per tonne, up 60-70 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, up 60 yuan per tonneTrading activity was robust in both S...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday's close.Volume was average, with 6,328 lots traded on LME Select as at 7.23am London time, compared with 19,661 lots at a similar time on Friday. Spot...Read More
Base metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.Base metals prices were also struggling at the start of the week amid weaker-than-expected economic...Read More
Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More
The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More
Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. Increased demand as a result of increased call-offs - consumers exercising their rights to material under existing contracts - as well as better spot demand, could lead to higher prices in the coming weeks, according t...Read More
Nagarik Network has collaborated with popular comedian Manoj Gajurel for "Dhukka Hunus - Kehi Nahunjel Kehi Hundaina". The show began airing on 1st Jan 2019. New episode will be aired on Nagarik Network App, YouTube Channel and NagarikNetwork.com.The first and only video content portal with entertainment, sports, politics and lifestyle content tailored for the Nepali audience.Our Social Media Prof...Read More
Boa noite senhores e senhoras, live teste...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 19, 2019 The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. If the Fed does nothing and makes another statement that QT coul...Read More
"My sense is we are coming up on another crisis and it's going to be worse than the last one" - John Titus"Money exits not buy nature but by law" - Aristotle - When Rule of Law breaks down, it enables bankers, via their Central Bank tentacles, to take control of the monetary system. The process is accompanied by the gradual collapse of the system upon which that money is predicated. This pro...Read More
Sprott Capital Partners was lead agent for the raising at $2.67 per flow-through share and $1.95 per share. Eric Sprott's 2176423 Ontario Ltd acquired about 2.Read More
American Lithium's TLC Project near Tonopah, Nevada. Source: American Lithium Corp.American Lithium Corp. [LI-TSXV] on Tuesday March 19 released the first assays from Phase one drilling on its TLC lithium claystone project near Tonopah, Nevada.The first drill hole returned 1,109 Li over 61 metres from a near surface depth of 11 metres, including 1.5 metres of 1,615 ppm Li.Tuesday's announcement ma...Read More
Construction at Equinox Gold's Aurizona Mine in Brazil. Source: Equinox Gold Corp.Equinox Gold Corp. [EQX-TSXV; EQXGF-OTC] on Tuesday said it has completed an updated mineral resource estimate for its Aurizona gold mine in northeastern Brazil, and an updated mineral reserve and resource estimate for its Mesquite gold mine in California.Led by financier Ross Beaty, Equinox Gold is a well-funded, mu...Read More
"Ski the mountain; don't let the mountain ski you." - Cheddar (Old ski buddy)It was a bright, sunny day with blue skies and thin wisps of white cloud that blew quickly across the mountain peak. We were sitting, my wife's cousin and I, in green Adirondack chairs near a gas fire in front of the lodge.Every once and a while, some idiot would come shooting off a 10-foot jump at the bottom of the slope...Read More
In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities (ACWX...Read More
DaBoyz have been artfully rotating money between a handful of high-profile stocks in order to keep this distributive rally going for as long as possible. On Monday, although the broad averages seemed leaden all day, the Dow still eked out a 65-point gain while AMZN, AAPL and MSFT rose, respectively, 1.75%, 1.08% and 1.48%. This was despite the fact that shares of Boeing, the 800-pound gorilla of...Read More