The Ontario government has put together a new mining taskforce to help it overhaul the Mining Act.Whereas the previous Liberal government also passed legislation to modernize the Mining Act, Greg Rickford, Mines Minister in the new Progressive Conservative government, says the focus is entirely different."When they were modernizing the Mining Act, the very real fear out in the industry was that it...Read More
Import tariffs on steel products in the United States created under Section 232 are likely to remain in place at least until the end of 2019, the chief executive officer of Gerdau, Gustavo Werneck, said during an event at the New York Stock Exchange on Wednesday March 13.The move from Donald Trump's administration boosted metal spread margins for steel producers in the US. This spread - calculated...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More
When the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. The issue centers on LME's linked load-in/load-out (LILO) rule, which operates by linking the amount of metal a warehouse loads in to the amount it is obligated to load out for warehouses that have queues of over 50 days.The rule changes were part of package of...Read More
Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More
In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More
Please support Tommy's family and fighting his case http://www.freedomfortommy.comRead More
Lucara Diamond Corp (TSX:LUC) has a decade-long history of success-a rare feat among resource companies. Even more impressive is its free cash flow profile, which helps support an impressive 6% dividend, a payout the company has maintained since 2014.The root of Lucara’s success stems from its focus on a resource rich, politically stable, mining friendly country: Botswana.If you want to dive...Read More
Investing in commodity producers can be difficult. Resource companies - from gold miners to oil producers - typically face above-average levels of volatility.While hedging can help reduce uncertainty, most commodity companies experience wild boom-and-bust cycles, sometimes within the same year.However, volatility can be your friend, giving you limited-time buying opportunities at bargain prices. W...Read More
I sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The price of gold retest...Read More
(YouTube version to be added) Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of...Read More
By: DAVID Chapman"The most important of these rules is the first one: the eternal law of reversion to the mean (RTM) in the financial markets." John C. Bogle, The Clash of Cultures: Investment vs. Speculation - investor, business magnate, philanthropist, founder CEO Vanguard Group, 1929-2019 "No amount of observations of white swans can allow the inference that all swans are white, but the ob...Read More
By: Gary TanashianOne problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward into an obviously bullish technical state.But while the HUI/Gold ratio has been a distinctly positive technic...Read More
Theories and Realities Valuation Matters Why Average Rarely Happens New York, Cleveland, Austin, and DallasLast week, I described the enormous challenges retirees face. One reason for that, aside from insufficient savings, is that markets haven't delivered the returns many experts said we could plan on.Back in the late 1990s, we were told that the long-term average return (~10%) was a reasonable...Read More
The oilbull still managed to score another day of gains yesterday. A meager advancebut still an advance, one could say. And be forgiven, as they would not havehad examined the full picture. Are we just teasing you now? Come on, therecan’t be possibly more to the story... There is. The scenario that we wroteabout exactly to the day two weeks ago, has come to fruition. The implicationsare far-...Read More
The major gold minersare grinding higher in a solid upleg, fueling growing interest in this small contrariansector. They’ve mostly finished reportingtheir fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world’s biggest gold minerscontinue to face serious challenges, which often stem from declining production. That makes sto...Read More
(YouTube version to be added) Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of...Read More
By: DAVID Chapman"The most important of these rules is the first one: the eternal law of reversion to the mean (RTM) in the financial markets." John C. Bogle, The Clash of Cultures: Investment vs. Speculation - investor, business magnate, philanthropist, founder CEO Vanguard Group, 1929-2019 "No amount of observations of white swans can allow the inference that all swans are white, but the ob...Read More