Key data from the Wednesday January 2 pricing session in Asia. Key drivers The price of aluminium ADC 12 alloy exported to major Japanese ports (MJP) was unchanged due to market inactivity during the New Year holiday in Japan between December 29 and January...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 2 that are worth another look.The aluminium import arbitrage between the United States and Asia narrowed slightly in December due to the lower ocean-freight rates only partly offsetting the lower Midwest aluminium premiums.There will be a massive influx of copper scrap to China in the first half of this year, with mark...Read More
As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the U.S. dollar.Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.They view gold and the Japanese yen as the main risk-off assets. So, when the d...Read More
When investors think of acquiring mining stocks, they usually look to larger miners with mature, stable operations. While senior and intermediate miners offer greater stability and come with lower risk, junior miners and explorers offer the potential to obtain outsized returns. One junior miner that stands out, offering an exciting opportunity for investors to gain exposure to high-quality preciou...Read More
As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the U.S. dollar.Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.They view gold and the Japanese yen as the main risk-off assets. So, when the d...Read More
Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th, 2016).There's a quiet bull market unfolding in the precious metals sector. But don't expect to hear about it on CNBC, Bloomberg TV...Read More
Gold and gold stocks, It is "high noon" at $1300About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a "large east coast North American city." Those attending the confidential meeting were representatives of central banks and large c...Read More
Indicators for China's economic strength have been weak and central bank efforts to boost spending are getting less effective, analyst Christopher LaFemina said, and metals demand will fall as a result."Broad credit growth in China has been on a declining trend since 2017 … credit growth tends to lead economic activity by 3-6 months, and credit growth is unlikely to accelerate until more ag...Read More
BMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
Yamana Gold's Cerro Moro gold-silver mine is southern Argentina, which has one of Sandstorm's many streaming agreements. Source: Sandstorm Gold Ltd.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Friday January 4 that it sold approximately 57,600 attributable gold equivalent ounces in 2018, the highest yearly total in the company's history. That number includes approximately 14,150 attribut...Read More
SolGold tables updated estimate for Alpala DepositSolGold Plc [SOLG-TSX, LSE; SLGGF-OTC] shares were active Friday January 4 after the Brisbane-based company released a NI 43-101-compliant technical report containing an updated resource estimate for the Alpala Deposit, located on the company's Cascabel Project in northern Ecuador.According to the technical report, the Alpala mineral resource now s...Read More
2019 is going to be a windfall year for you.You're going to make a lot of money this year - possibly more than you ever have in your entire life.I'm not kidding. You're going take your wealth to an entirely new level this year.So... how are you going to do that?Easier than you think: You're going to change your perception about most things in your life. And it starts right here, right now...Say th...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
By David Brady, CFAJust as Neo flexed his muscles upon learning he is "The One" and took out Agent Smith at the finale of The Matrix , Gold is now letting fiat currencies know who is really in charge. Many take credit for anticipating Gold's ascent from the lows in August, and yet they cite all of the wrong reasons for its appreciation: peak DXY, peak USD/JPY, falling real yields, speculative bu...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on...Read More
By Jeff DesjardinsWe're only a few days into 2019, but it appears markets have picked up exactly where they left off.There is growing uncertainty and volatility almost everywhere, and individual events are starting to become catalysts for sell-offs or rallies. Whether it's Apple's recent profit warning or Fed chair Jerome Powell saying that he is "listening closely" to the markets, investors are...Read More
By Harris KuppermanFrom time to time, the investment world takes something as accepted wisdom and just runs with it. For whatever reason, investors seem convinced that the US Dollar is destined to go higher. I've heard lots of smart opinions why; interest rate differentials, GDP growth rate differentials, "The Dollar Milkshake Theory," "Prettiest Body in the Morgue" and the "Fear Trade." Over th...Read More