Examples of New Sun Group's conveniently-sized "Jade Bullion" product that is used as a alternative financial asset and to supply jewellery manufacturers with a certified and authenticated source of gem-grade jade. Photo courtesy New Sun Group.The beautiful ornamental mineral jade has been carved since prehistoric times. Jade is actually two minerals - jadeite and nephrite. The more iron, the more...Read More
Exploring Canadian Platinum's Cook Project in northern Nevada. Source: Canadian Platinum Corp.Canadian Platinum Corp. [CPC-TSXV] released the results on June 21 of the initial field exploration program on the 70%-owned Cook gold project located 100 km northwest of Winnemucca, northern Nevada.Managed by Axiom Exploration Ltd., of Saskatoon, SK, exploration work completed to date on the property inc...Read More
Bowl Zone Drilling NorthContact Gold Corp. [TSXV: C] is pleased to announce drill results from the first five holes, totaling 983 metres from its 2018 drill program at the Pony Creek gold property ("Pony Creek"), located on the Carlin Trend in Elko County, Nevada, immediately south of Gold Standard Venture's Railroad/Pinion project.These first five holes were designed to offset and build upon area...Read More
Comex copper prices traded in negative territory on Thursday June 21 morning in the United States, with threats of an impending trade war between the US and China hanging over the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.70 cents or 0.3% to $3.0330 per lb. The contract is now on a six-day losing streak."Copper has started to consolid...Read More
Click to EnlargeNevada Exploration Inc. ("NGE" or the "Company") (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that a review of historic drilling at its South Grass Valley Project has provided further evidence for the presence of shallow hydrothermally-altered lower-plate bedrock at the company's South Grass Valley Project (the "Project"). The Company is also pleased to report that it has sign...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Thursday June 21, with the complex down by an average of 0.2%. Nickel, up by 0.3% at $15,000 per tonne, was the exception. Copper was off by 0.3% at $6,797 per tonne.Volume has been high with 10,539 lots traded as at 7.15am London time.This morning's general weakness follows a more divergent...Read More
The ZincX Resources Akie Project exploration camp in the Kechika Trough, 260 km north-northwest of Mackenzie, northeastern British Columbia. Photo courtesy ZincX Resources Corp.(Click Here for recent ZincX story published in Resource World Magazine)ZincX Resources Corp. [TSX Venture Exchange: ZNX] is pleased to announce it has received positive and robust results from the recently commissioned ind...Read More
If you don't know the name Elon Musk, you've been living under a rock.The incredibly forward-thinking entrepreneur, who essentially forced all the major automakers to embrace electric vehicles or die, is the kind of guy who people either love or despise.He also brought reusable rockets to the mainstream and recently got early approval to build an underground transportation system that'll take comm...Read More
European buyers of hot-rolled coil (HRC) have been holding back from new deals ahead of the European Commission ruling on safeguarding measures for steel imports, sources told Metal Bulletin.The EC is expected to impose preliminary safeguarding measures on steel imports in early July.The EC opened an investigation in late March, in an attempt to prevent steel shipments being redirected to the...Read More
The United States has agreed to exemptions from Section 232 tariffs for some steel products from five countries.US Secretary of Commerce Wilbur Ross said the Bureau of Industry and Security had begun production exclusions on steel imports based on a "balanced approach that accounts for the needs of downstream industries while also recognizing the threatened impairment of national security caused b...Read More
June 21, 2018 (Investorideas.com Newswire) Precious metals expert Michael Ballanger explains why he believes gold is bottoming.Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings...Read More
June 21, 2018 (Investorideas.com Newswire) Sector expert Adrian Day looked at two 'favorite' junior explorers he considers 'good buys at current levels.'Lara Exploration Ltd. (LRA:TSX.V) (0.59) released some very strong results from channel sampling at a new polymetallic property in Peru. The Puituco Project returned 4.6% zinc, 4.9% lead and 27 grams per ton over 42.6 meters. These results make it...Read More
June 21, 2018 (Investorideas.com Newswire) A BMO Capital Markets report outlined the pending arrangement between the two entities.In a June 18 research note, Andrew Kaip, an analyst with BMO Capital Markets, reported that Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE) acquired a silver stream from Falco Resources on its Horne 5 project in Quebec for CA$180 million (CA$180M). "The silver stream has a...Read More
June 21, 2018 (Investorideas.com Newswire) Drilling was completed on two holes at a site in British Columbia's Golden Triangle.Pretium Resources Inc. (PVG:TSX; PVG:NYSE) recently reported the results of underground exploration drilling east from the Valley of the Kings. Two holes over 1,500 meters in depth intersected Brucejack-style mineralization. Proximity to porphyry-style mineralization at de...Read More
China's domestic hot-rolled coil prices edged up on Thursday June 21 amid early gains in the futures market.Domestic Eastern China (Shanghai): 4,270-4,290 yuan ($659-662) per tonne, narrowed upward by 10 yuan per tonne Northern China (Tianjin): 4,220-4,240 yuan per tonne, up 10-20 yuan per tonne HRC futures rose to a high of 3,932 yuan per tonne in the first hour of trading, which improved sentime...Read More
Export prices for Turkish rebar dipped slightly for the week ended Thursday June 21 amid fresh bookings.Rebar offers varied within a range of $550-560 per tonne fob on an actual weight basis, unchanged week on week.A total of 50,000 tonnes was reported sold to...Read More
Redefined Terms and Absurd TargetsAt one time, the Federal Reserve's sole mandate was to maintain stable prices and to "fight inflation." To the Fed, the financial press, and most everyone else "inflation" means rising prices instead of its original and true definition as an increase in the money supply. Rising prices are a consequence - a very painful consequence - of money printing. Fed Cha...Read More
Turkey's ferrous scrap import market was idle on Thursday June 21, with consumers in Turkey moving to the sidelines ahead of the Turkish general election on Sunday - the result of which has the potential to influence currency moves and interest rates, industry sources told Metal Bulletin.Moreover, Turkish steel producers are being cautious for the time being, with one trader source citing&nbs...Read More
Trading activity in the physical iron ore market was lackluster on Thursday June 21 with prices staying rangebound.Metal Bulletin 62% Fe Iron Ore Index: $64.88 per tonne cfr Qingdao, down $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $53.58 per tonne cfr Qingdao, down $0.03 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.70 per tonne cfr Qingdao, down $0.60 per tonneMetal Bulletin 62% Fe...Read More
CloseGain/LossGold $1267.40-$2.10Silver$16.31+$0.01XAU80.89-0.43%HUI174.60-0.47%GDM609.68-0.32%JSE Gold1068.94-6.73USD94.82-0.27Euro116.12+0.29Yen91.12+0.39Oil$65.54-$0.1710-Year2.895%-0.041T-Bond143.9375+0.4375Dow2749.76-0.80%Nasdaq7712.95-0.88%S&P24461.70-0.63% The Metals: Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout mos...Read More