Key data from the pricing sessions in London and Shanghai on Friday February 15. China The Chinese silicon fob price held steady during a post-Lunar New Year holiday lull which has translated into thin inquiries and trades. Exporters have been waiting for Japan's quarterly tenders expected in the coming days. Japanese traders and downstream consumers started to inquire for purcha...Read More
Fastmarkets' UG2 chrome ore price strengthened in China on Friday February 15 ahead of stainless steel production restarts after Lunar New Year, while alloy prices in Europe and the United States fell. UG2 records modest gainFerro-chrome prices hold in ChinaAlloy prices tick up in Japan, South KoreaAlloy prices weaken in Europe UG2 chrome ore prices edged up in China on Friday on anticipation of...Read More
The Chinese markets for domestic and export ferro-silicon rose in the week ended Friday February 15 on renewed demand after the Lunar New Year holiday, while the European market is stable, with traders offering alloy at about ?,?20-30 per tonne below producer offer prices. Firm fundamentals a springboard for Chinese prices, with more price strength seen in the near term European price held...Read More
Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in Europe last week with China slowly coming back to the market following the Lunar New Year holiday, while the concentrate price continued to gain support from tight supply. APT market quiet; bearish sentiment continues Concentrate price continues to gain support from tightening supply Ferro-tungsten prices in Chin...Read More
Eight months after the start of construction of its Whabouchi project in Quebec, Nemaska Lithium (TSX: NMX; US-OTC: NMKEF) says it will cost an additional $375 million to complete the spodumene hard rock mine and electrochemical plant - a 34% increase over estimates in a feasibility study in January 2018.The announcement on Feb. 13 sent the company's shares plunging 35.6%, or 19.5 ?, to 35.5 ? api...Read More
Join our facebook grouphttps://www.facebook.com/groups/tradi...like us on FB: https://www.facebook.com/tradingjampl/On January 10 at our TJS meeting, we will meet with Peter Schiff, one of the most famous prophets in the upcoming bear market.Will the dollar collapse and the end of the economy?Can the FED pull another rabbit out of the hat?How will the Polish economy cope?Is #socialism a threat to...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
Of all the stocks I have invested in over the years, Labrador Iron Ore Royalty (TSX:LIF) is one of the most painful to remember. This is one I held for years before committing the cardinal mistake of selling when the news is the gloomiest, just the time that I should have been buying.From 2013 to 2016, I held shares of this company. When I first heard of it, LIF was trading for around $30 a shar...Read More
With nearly two-thirds of its revenue coming from copper, Lundin Mining (TSX:LUN) could be poised to go on steroids over the next decade. At least that's the opinion of one Citigroup analyst."Prepare for a decade of Dr. Copper on steroids," noted a recent Citigroup report, which forecasted prices of US$8,000 per tonne in 2022, rising to $9,000 per tonne by 2028."We look beyond the potential tra...Read More
Gold miner Continental Gold (TSX:CNL) has been mired in controversy since three of its employees were murdered in September 2018, leading to media claims that management was derelict in caring for their well-being. This - along with an armed attack on two engineers near its flagship Buritica project, changes to financial projections, including projected operating costs and the need for an addition...Read More
Last summer I'd discussed the rise in interest for lithium producers, which was largely powered by the excitement for the coming electric vehicle boom. In a follow-up article in July, I'd discussed how the market could behave in the near term. With supply expected to flood the market, I'd warned investors that lithium prices had likely peaked in 2018 and were expected to fall in 2019.This meant th...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
Seasonal financial analyst Don Vialoux says his 'best buy' for the coming months is the base metals sector, and the easiest way to play the sector is through exchange-traded funds, he adds. He picks three global base metals ETFs and two copper ETFs, a metal he is especially bullish on.Copper inventory and prices are low. A US-China trade agreement could create a surge in demand for the 'red metal'...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 19, 2019As US markets re-open after the holiday, the world’s “queen of assets” continues her glorious ascent to higher prices.Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target:...Read More
Heath laughs at this now, but it underlines the oddity of his company, which has two royalties on producing mines and sends half of its cashflow back to investors. That will see a C0.15c (US0.Read More
The Choco Precious Metal Project in Colombia. Source Max Resource Corp.Max Resource Corp. [TSX.V: MXR; OTC: MXROF; Frankfurt: M1D] is pleased to announce the appointment of Dr. Chris Grainger to the MAX Advisory Board. Dr. Grainger resides in Medellin Colombia and has over 20 years of experience as a geologist with extensive experience in South America, including Colombia, specializing in grassr...Read More
Olympic Dam is a multi-mineral ore body containing uranium oxide, copper, gold and silver. Source BHPBHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] CEO Andrew Mackenzie is urging the global mining industry to ensure there is no repeat of the recent collapse of a tailings dam at Vale SA's [VALE-NYSE], Brumadinho iron ore operation in Brazil.The Brumadinho dam breach, which occurred on Friday, January 25...Read More
Yesterday was President's Day, a holiday celebrated by Wall Street and middle schools alike with a day off. Given this unique opportunity, I took my 12-year-old daughter to the Air and Space Museum on the Mall in Washington, D.C.Air and Space is the most popular of all the Smithsonian museums, averaging 9 million visitors a year, which beats out the Louvre's 8.1 million.My daughter touched the moo...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More