Trading activity in the East Asian stainless steel import market has started to regain momentum, although price movements were mixed over the past week and some participants remained pessimistic.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,880-1,960 per tonne cif for the week ended Wednesday January 9, widening from $1,890-1,950 per to...Read More
China's domestic stainless steel prices held steady for a second week amid low inventory levels and soft demand ahead of the Chinese New Year. Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,079-2,167) per tonne including value-added tax for the week ended Wednesday January 9, unchanged from a week earlier.There...Read More
Fastmarkets looks at five key things to watch out for in China's nickel and stainless steel markets this year against a backdrop of nickel pig iron (NPI) project ramp-ups and a country-wide clampdown on new crude stainless steel capacity.NPI deficit to persist despite project ramp-upsWhile the ramp-ups of a number of NPI projects were announced in 2018 and this is expected to narrow the deficit of...Read More
Import prices for steel billet in Southeast Asia held steady on Thursday January 10 with few transactions concluded, although more offers and bids were heard in the region this week.Fastmarkets' daily import price assessment for billet in Southeast Asia was $445-455 per tonne cfr Manila on Thursday, unchanged from Wednesday.Iranian billet was heard booked at $415 per tonne cfr to either Indonesia...Read More
White Gold (TSXV: WGO; US-OTC: WHGOF) has found near-surface gold mineralization on its Betty gold project in Yukon's White Gold district after drilling shallow, rotary air-blast holes on the property during its mid-2018 exploration campaign. White Gold drilled more than 1,800 metres across 28 holes on six target areas at Betty in 2018. It also collected 916 soil samples, surveyed 103 sq. km with...Read More
Corvus Gold (TSX: KOR; US-OTC: CORVF) has extended its Mother Lode gold deposit in Nevada to the north with five new step out holes it drilled as part of its Phase Three resource expansion program.The company has found that the project's mineralized zone thickens and grades increase north of the main resource, and as a result theorizes it may be approaching a new mineralization center.Highlights f...Read More
Music video by Maikel Delacalle, Kevin Roldan performing Amuleto (Remix). (C) 2019 Universal Music Spain, S.L.U.http://vevo.ly/kmVZeGRead More
In January, shares of Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) sank to 17-year lows. If you had bought shares in 2002, you would have made a 5,000% return by 2011, only to see those gains completely erased over the next 8 years. That's a tough pill to swallow.Last quarter alone, the company lost more than $100 million. With a market capitalization of just $660 million, it's clear that the market is...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) stock is on a tear. Since the summer of 2015, shares are up more than 2,000%, rising every single year despite volatile swings in underlying commodity prices.In the fourth quarter of 2018, Kirkland reported record production of 231,000 ounces, roughly 30% higher than its previous record of 180,000 ounces the quarter before. Full-year production also set recor...Read More
Bob Moriarty ArchivesJan 11, 2019I wrote about Nexus in early November saying they were soon to announce assay results. They are in and they are excellent. But of more importance, from a tactical point of view, the company gotapproval for a new concession named Dakouli 2 in early November. The 100% owned Dakouli 2 property is contiguous with their Niangouela project that reported drill results of...Read More
The Pretium Resources Brucejack Mine in northwestern British Columbia. Source: Pretium Resources Inc.Pretium Resources Inc. [PVG-TSX, NYSE] said Friday January 11 that it has retained an independent legal counsel to launch an investigation of unusual trading activity in its shares.Stock price charts show that Pretium shares have been in freefall in recent days, tumbling from $11.73 on January 8, 2...Read More
The processing plant for Endeavour Mining's Hound?(C) Mine in Burkina Faso, West Africa. Source: Endeavour Mining Corp.Endeavour Mining Corp. [EDV-TSX; EDVMF-OTCWX] said Friday January 11 that it has increased its ownership stake in the Ity Mine in Cote d'Ivoire, West Africa to 85% from 80% after striking a deal with one of the world's best known soccer players, Didier Drogba.In exchange for the a...Read More
Integra's DeLamar gold and silver project in southwestern Idaho. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQB] has announced more results from recent drilling on its DeLamar gold and silver project in southwestern Idaho.Highlights included step out drill hole IDM18-59, which intersected 2.53 g/t gold equivalent (1.71 g/t gold and 69.03 g/t silver) over 109.73 metre...Read More
JANUARY 11, 2019What if I were to tell you that gold is within earshot of all-time highs. You'd call me crazy. But I'm not.Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.You'll notice gold went on a tear in all currencies from 2000 to 2012. However, after that, gold priced in U.S. dollars has under-performed. Gold priced in Canadian and Australian d...Read More
By: Avi Gilburt, ElliottWaveTrader.net Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex. The silver rally especially has gotten the attention of many metal's traders, and has everyone now all bulled up for a major break out in the complex. It real...Read More
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce -...Read More
I put out a commentary Sunday night bearing this tongue-in-cheek headline: "No Chance This Rally Is the Real Deal, Right?" Of course, merely to pose the question is to suggest that it is at least possible the bull market still breathes. Look, I'm as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly uns...Read More
Federal Reserve chairman has assured investors that Federal Reserve will be patient raising interest rates going forward. US dollar is weaker across the globe but has not nosedived. Investors are cautious as $1300 and $1600 are yet to be broken. If US government shutdowns into next week too, then it is just a matter of time that gold and silver will break past key resistances of $1300 and $1600....Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Christopher R. Cole, CFA is the founder of Artemis Capital Management LP and the CIO of the Artemis Vega Fund LP. Mr. Cole's core focus is systematic, quantitative, and behavioral based trading of volatility and derivatives. His objective is to profit from turbulence in markets and regime shifts in volatility without the substantial negative bleed associated with traditional hedging products. His...Read More