The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production Europe drops to 2016 low with more weakness expected US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
China's leading stainless steel mills announced increases in their April tender prices for high-carbon ferro-chrome by 300 yuan ($45) per tonne month on month on Friday March 22.The rises will be imposed by Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, Fastmarkets heard.After this adjustment, Tisco's April tender price for high-carbon ferro-chrome will be 6,950 yuan ($1,038) per tonn...Read More
China's copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25. China imported 64,622 tonnes of copper scrap in February 2019, a sharp drop of 63.5% from 176,900 tonnes in January. This was attributed to a fall in activity during the week-long Lunar New Year holiday in February...Read More
British Columbia Investment Management Corporation says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a US$12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirement...Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisMarch 26, 2019Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I'll send you my free "...Read More
The last year was a tough time for platinum miners. The durable white metal, which, in the runup to the Global Financial Crisis by mid-2008, was trading at over US$2,150 an ounce, has fallen sharply to be worth US$863 per ounce and down by almost 10% for the year to date. There are signs that platinum is due to break out of its long-term slump and move higher, which will be a boon for platinum min...Read More
Gold remains firm, trading at over US$1,300 per ounce as fears of a looming U.S recession permeate financial markets. The inversion of the yield curve last week, where short-term treasury yields exceed long-term yields, indicated to many pundits that an economic downturn is on its way. This has sparked considerable interest in gold miners with gold long-viewed as the ultimate safe haven asset.One...Read More
With news of a yield curve inversion stoking fears of a recession south of the border, and discontent with Brexit machinations rattling an already uncertain Eurozone, it seems that fear in the markets is set to be a permanent feature of 2019's investment landscape. Indeed, with some analysts even suggesting a full-on bear market may be around the corner, it could be time to look at some big-name d...Read More
There has been a flurry of activity in the gold patch this winter. It all started with January’s announcement that Newmont Mining (NYSE:NEM) would acquire Goldcorp (TSX:G)(NYSE:GG) in a friendly takeover worth $10 billion.The combined company would be the largest gold company in the world, surpassing current title holder Barrick Gold. Not to be outdone, Barrick upped the stakes, making an $1...Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisMarch 26, 2019Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I'll send you my free "...Read More
Weekly Reports |Mar 26 2019The spot uranium price continues to slide as sellers are met with stalled demand.-U3O8 spot price continues to fall-Honeymoon may not be over-Upheaval in KazakhstanBy Greg PeelThe US Department of Commerce is due to submit its section 232 recommendations to the president on April 14. The president then has months to consider a response. All things being equal, it appear...Read More
Looking to develop world-class uranium project in SpainSalamanca Project has near surface, high-grade depositsStrong financial position with A$100mln in cash on balance sheet at end-December What Berkeley Energia does:Berkeley Energia Limited (LON:BKY) (ASX:BKY) is developing a world-class uranium project in a historic mining area in western Spain, about three hours west of Madrid.F...Read More
One of two key regulatory approvals for low-pH uranium extraction has been receivedA pilot phase is in progress and is expected to continue in the June quarterCommercial-scale low-pH uranium extraction will reduce Peninsula's per-pound costs, pushing the uranium group down the cost curveWhat does Peninsula Energy do?Peninsula Energy Ltd (ASX:PEN) specialises in uranium production in the US state o...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 26, 2019 Please click here now.Double-click to enlarge this long-term gold chart.Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this i...Read More
The news headlines explained the sudden jump in the S&P futures this morning by stating that "recession fears had faded." Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.That report was followed by a hi...Read More
This is the second major Kazakh listing of the past five months, after Kazatomprom joined the LSE with a 15% float in November.Read More
A 76-kg gold-rich specimen from the Beta Hunt mine in Western Australia. Source: RNC Minerals.RNC Minerals [RNX-TSX; RNKLF-OTCQX], aka Royal Nickel Corp., shares were active Tuesday March 26 after the company announced a $12 million bought deal financing, and a purchase option on a gold processing facility in Australia.RNC said the potential purchase of the Higginsville mill and mining operation...Read More
Underground test mining at the Fortune Minerals NICO Project, Northwest Territories. Photo courtesy Fortune Minerals Ltd.Fortune Minerals Ltd.'s [FT-TSX; FTMDF-OTCQX] previously announced plan to build a metals processing facility in Saskatchewan has been hit with a setback after the company's application to change the zoning on the project site was rejected by the local municipality.The rezoning...Read More
Boom: There it is, the inverted yield curve, the sign of the fiscal apocalypse.But what is the inverted yield curve, and what does it mean?Do you remember what 2008 felt like? We were in the depths of the Great Recession, which was gripping the American economy by the throat...Hundreds of thousands of workers had lost their jobs, packing years of memories in a cardboard box and doing the corporate...Read More