Zinc futures on the London Metal Exchange rallied 3% at the close on Thursday November 15, ending a weeklong downtrend and supported by a decade-low downdraft in total LME inventories.Across the entire base metals asset class, volumes traded on the exchange were moderately high, with the trading of zinc's 15,062 lots the most since Thursday August 16 and second on the day to copper's 16,465 lots."...Read More
Swiss multinational investment bank, UBS Group, has applied for Category II membership on the London Metal Exchange, according to a note released by the exchange on Thursday November 15. The LME currently has 32 Category II members and the Swiss bank's London subsidiary, UBS Ltd, is already a member. Last month, Chinese broker Nanhua Futures similarly took steps...Read More
[updating with detail and comment throughout]Jiangxi Copper and Antofagasta agreed terms on 2019 copper concentrates treatment and refining charges (TC/RCs) at $80.80 per tonne/8.08 cents per lb on Thursday November 15, sources from both companies told Fastmarkets.The deal is in line with market expectations and is 1.8% lower than the benchmark of $82.25/8.225 cents agreed in 2018 between Freeport...Read More
BENGALURU, Nov 16 (Reuters) - Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,214.77 per ounce at 0121 GMT, while U.S. gold futures rose 0.1 percent to $1,215.6 per ounce.* Palladium was 0.6 percent lower at $1,149.49 per ounce, having hit a record high of $1,178....Read More
Joyce Lee, Josh SmithSEOUL (Reuters) - North Korean leader Kim Jong Un visited the test site of a new tactical weapon in his first public “field inspection” since last year, hailing it as a “display of our rapidly-growing defense capabilities,” state media said on Friday.The North’s first mention of a new weapons development in months threatens to sour the political a...Read More
Image: VladKK/Shutterstock.com(Kitco News) - The Swiss Federal Council is calling for more transparency when it comes to its future gold imports, citing concerns around environmental and human rights violations.“Tracing the origin of gold is essential because it alone can avoid importing gold extracted in violation of human rights,” Switzerland's executive body said in a report publish...Read More
Investors should allocate 10% of their stock market assets to gold mining stocks such as Barrick Gold, Yamana Gold, Goldcorp and Newmont Mining.Read full newsRead More
(Kitco News) - The lavish 5-star luxury hotel Emirates Palace in Abu Dhabi spends $130,000 a year for the upkeep of its bespoke 6,560 square foot ceiling embellished with 22-carat gold and silver leaves.The reason for such a high annual price tag is the fact that the gold and silver leaves last only four to five years and need to be completely replaced, CNN Travel reported quoting Manoj Kuriakose,...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then chopped back higher...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
"@TraderPamplona @dougcan Very true. Look at the awful acquisitions track-record and timing during the last 10 years. The big mining co's destroyed so much money that they now under huge pressure from powerful activists to return capital to shareholders. The BHP/Rio stories tell us everything.."Read full newsRead More
Yellow metal consolidates around $1210, holds firm to yesterday’s gains. Price remains capped by $1215 and supported above $1208. Gold moved all day in a range between $1,208/oz and $1,215, around yesterday’s closing price. It consolidated Wednesday’s gains when it rose from $1200 to $1216, on the back of a slide in US yields. Price action across financial mar...Read More
"@TraderPamplona @dougcan Now imagine guys what you could buy for $10.4B in the junior space at the moment. Just saying the current move by BHP (and Rio) tells a lot. They don't think it's a real ?EUR?buyers market" yet and remain very careful"Read full newsRead More
"Canada Cobalt Works $CCW featured on CBC's World At 6 last night!Great story on the Cobalt Camp - starts at 17:15 in the clipListen here: https://t.co/xNr8Dz5jNd #CCW $CCW @canadacobalt #Cobalt #Mining #Silver #TSXV #battery @CBCNews #CBC #CBCNEWS #hotstocks #momentumstocks"Read full newsRead More
"@TraderPamplona @dougcan BHP is now retuning $10.4 billion to shareholders. Imho better instead of spending that amount of money on marginal projects like their potash monster or just buying sth without major scale potential for BHP. Big assets and new discoveries are becoming scarce. Exciting times.."Read full newsRead More
MICROMINE will be exhibiting its intuitive software solutions at Mines and Money mining conference in London from the 26th of November through to the 29th November. Mines and Money is the leading international event series for mining technology, mining investment and capital raising.Mines and Money London will bring together over 2000 industry representatives from all over the globe with over 10...Read More
Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold inv...Read full newsRead More
Investors should allocate 10% of their stock market assets to gold mining stocks such as Barrick Gold, Yamana Gold, Goldcorp and Newmont Mining.Read full newsRead More