The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 31:Aluminium scrapGroup 1 pure 99% & litho: ?1,380-1,430 per tonne from ?1,390-1,440Commercial pure cuttings: ?1,100-1,140 per tonne from ?1,100-1,150Clean HE9 extrusions: ?1,390-1,440 per tonne...Read More
Ferrous scrap demand in Asia has been thin this week in the face of falling prices.Buyers in key import markets are holding back from purchasing import cargoes amid expectations of further price falls. "South Korea does not have demand for imported heavy melting scrap cargoes this week because domestic scrap inventory level is high," a source familiar with the South Korean import market said. Buye...Read More
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More
Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More
Sharply weak silver is weighing heavily on primary silver miners with some of the hardest hit being smaller miners. Among the worst affected is one-time market darling Great Panther Silver (TSX:GPR)(NYSE:GPL), which has seen its stock plunge by a whopping 51% since the start of 2018 compared to silver only shedding 15%. The primary silver miner's latest results have not helped assuage market conce...Read More
October has traditionally been a poor month for stocks, but it's doubtful that even the most bearish investors could have predicted this year's carnage.The TSX Composite Index has declined 8.4% from the 1st to the 30th of October. The S&P 500 has performed even worse, falling more than 9% during the same period. Both these results look pretty good against the NASDAQ 100, which is down nearly 1...Read More
Bob Moriarty ArchivesNov 1, 2018Iintroduced Benchmark Metals to my readers just a week ago and they continue to deliver. The company’s main project is in the Golden Triangle that continues to attract investor attention even in an especially boring market for resources. For most companies I fear little or no action until tax loss selling has once again passed. That’s another six weeks....Read More
One of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes is probably aroun...Read More
From left to right, the late Paul Burkett, Roy Davis, Tom GeswicAlliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium...Read More
Note: all numbers are rounded.* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver andUS$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.**UB signifies an underground core hole. BA is a surface core hole.All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.H...Read More
MINNEAPOLIS - Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that's opposed by environmentalists who fear it could someday foul waters, including Lake Superior.The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company's proposed NorthMet project in northeastern Minnesota. The project still needs permits f...Read More
CALGARY - Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.Suncor attributes the increase to higher crude oil prices a...Read More
CALGARY - Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock.Encana will also assume US$2.2 billion of Newfield debt."This strategic combination advances our strategy and is immediately accre...Read More
We all knew it was going to happen.Well, at least those of us who paid attention.The huge run on Canadian cannabis stocks did, in fact, come to an end just as legalization kicked in.Of course, it didn't take a rocket scientist to figure this one out.You know the drill...Buy the rumor, sell the news.And that's exactly what we did.The result?Members of my Green Chip Stocks community just bagged the...Read More
Premier Gold Mines Limited (TSX:PG) is a gold producer, with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. The goal is to evolve into a low-cost, mid-tier gold producer, through its two producing mines and the development of its Hardrock Project in Ontario (Greenstone Gold JV) and McCoy-Cove Property...Read More
CloseGain/LossGold $1233.20+$16.30Silver$14.74+$0.46XAU67.19+4.52%HUI149.73+4.84%GDM544.52+3.60%JSE Gold1139.52-24.28USD96.27-0.74Euro114.11+0.86Yen88.87+0.25Oil$63.69-$1.6210-Year3.139%-0.008T-Bond138.50+0.375Dow25380.74+1.06%Nasdaq7434.06+1.75%S&P2740.37+1.06% The Metals: Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New Yor...Read More
By Ira EpsteinChina and the US talk which caused gold to rally.https://www.iraepstein.com/ Read More
By Dave KranzlerOne of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes...Read More