Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday December 12* Copper -$129.85 (-896.92 yuan) Aluminium -$439.71 (-3,037.19 yuan) Zinc -$113.3 (-782.6 yuan) Nickel $381.09 (2,632.27 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday December 12, with average gains of 0.3%. This after the complex climbed by an average of 0.4% on Tuesday, which followed Monday's test of support levels - that held.This morning's gains were fairly tightly bunched with prices rising between 0.2% for aluminium and 0.6% for nickel. The e...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday December 12.Base metal prices, barring those for aluminium, on the Shanghai Futures Exchange were up across the board during Asian morning trading on Wednesday December 12, with the complex continuing to find support from positive trade headlines. Check Fastmarkets MB's live futures...Read More
The latest metal markets news and price moves to start the North American day on Wednesday December 12.London Metal Exchange base metal prices have made a typically tentative start to trading on Wednesday December 12, with copper, aluminium and zinc all trading down against yesterday's close. Here is how the LME base metals complex looked at 11.40am London...Read More
Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
Less than a year after acquiring a 76% stake in the Coscuez emerald mine in Colombia, Fura Gems (TSXV: FURA; US-OTC: FUGMF) has completed a maiden resource estimate that puts the potential mine life of the project at 30 years.The company mapped more than 20 km of underground tunnels, drilled more than 1,600 metres and recovered nearly 16,000 carats of emeralds from bulk samples that resulted in an...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday December 12:Aluminium scrapLoose old rolled cuttings: ?710-730 per tonne from ?730-750Commercial cast: ?790-830 per tonne from ?800-840Cast wheels:...Read More
Radio show linkhttp://tobtr.com/s/10976635To donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking Engagements kevinellerbecorner1@gmail.comPlease check out my t-shirt...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
You might buy and forget stocks that have increased their earnings or cash flow over many years. However, investors need to be very careful around commodity stocks such as Cameco (TSX:CCO)(NYSE:CCJ) and Crescent Point Energy (TSX:CPG)(NYSE:CPG).CamecoCameco stock has done very well in the last 12 months by appreciating about 20%. However, it's not the type of investment that you can buy and forge...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
The following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fell from 97 to 88....Read More
However the optimism could evaporate with reports emerging at the time of writing of a second Canadian believed to have been detained in China.The news follows last week's arrest in Canada of Huawei's CFO Meng Wanzhou, who has since been granted bail.Base metals were little changed on low volumes on the London Metal Exchange yesterday and the gold price is similar to this time yesterday, around US...Read More
Well, it was another shit show today for cannabis stocks.The downward spiral began a couple of months ago, and has not let up. Although we are now seeing some indication that most of the bleeding is starting to slow down a bit. Still, this is of little comfort to those who showed up late to the cannabis game.MariMed (OTCBB: MRMD) was today's biggest loser, although a 25% drop in share price opened...Read More
It was about a decade ago when I walked into the lion's den.At a conference dubbed the Modern Energy Finance Forum, I was asked to speak about the future of renewable energy.This was right around the time the global economy was imploding and new renewable energy technologies quickly went from being the "greatest investment opportunity of the 21st century" to a giant bubble that burst in the face o...Read More
Share this articleVANCOUVER - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has reported analytical results from the remaining holes of the 2018 drill program at the Company's 100%-controlled 23,000-hectare Forrest Kerr Gold Project. This series of holes (FK18-37 to 45) focussed on areas immediately adjacent to known high-grade gold horizons and sought to test for an exte...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then...Read More
Dear Friend of GATA and Gold:The U.S. Commodity Futures Trading Commission has refused to reply to or even to acknowledge GATA's questions about manipulation of the gold and silver futures markets that are purportedly regulated by the commission.By letters in July and September, GATA asked the commission to explain the explosion in the use of the "exchange for physicals" mechanism of settling go...Read More
By Dave KranzlerThe following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fe...Read More