VANCOUVER - Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion.Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not already hold.Shares in Arizona Mining were up $2.00 or about...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Every single day, millions of Americans demonize capitalism as an intrinsically evil system of repression.Of course, this is nothing new. Anti-capitalism dates all the way back to the very beginnings of capitalism, though it was popularized by Karl Marx in the mid-19th century.Since then, the word continues to be misconstrued and weaponized by the lower classes to use against the wealthy.But let's...Read More
Import prices for rebar in Singapore were up slightly over the past week on continued spot demand in the market.There continued to be some demand, with major fabricators in the spot market enquiring about spot cargoes."Singapore buyers continue to bid at $540-550 per tonne cfr Singapore. However, they are not expected to budge at anything above this price this week," an industry source in Singapor...Read More
June 18, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a prospect generator in the Golden Triangle.The Daily Sentiment Indicator tumbled to a value of 9 on Friday Jun 15th. I have said for weeks that we are due a tradable low in the June/July timeframe and it would need to be below 10. So we are in the timeframe and it is below 10. It's just my opinion but I still see too man...Read More
Vancouver, British Columbia - June 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Hi Ho Silver Resources Inc. (CSE: HHS) (OTC: HHSRF) (Stuttgart: H9) ("Hi Ho" or the "Company") is pleased to announce that the Company has discovered a major extension to the Canadian Kootenay Clay property and has filed an additional Tenure to extend the property. The new clay deposits were discovered, stake...Read More
June 18, 2018 (Investorideas.com Newswire) Fund manager Adrian Day reviews several senior gold companies, including one he sees as a good buy at current prices.Franco-Nevada Corp. (FNV:TSX; FNV:NYSE, US$70.43)revenue is up, driven largely by its oil & gas royalties, however. Looking ahead, Cobre Panama, Franco's largest ever single investment, will see phased commissioning beginning later this yea...Read More
June 18, 2018 (Investorideas.com Newswire) A BMO Capital Markets report laid out the investment thesis for this Nevada explorer.In a June 8 research note, Andrew Mikitchook relayed that BMO Capital Markets initiated coverage on Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) with an Outperform rating and a CA$3 per share price target "based on a conceptual-stage mine development plan and our ex...Read More
China's Laigang Yongfeng will increase its capacity by 1.87 million tpy with the addition of two continuous casters.The two continuous casters will be installed at its Dezhou facility to add on to a new electric-arc furnace. The new mill will produce 870,000 tpy of different "special bar quality" (SBQ) steel grades, including bearing steel. It wil also produce 1 million tpy of rebar, equipment mak...Read More
Wrong-Way EventLast week we said something that turned out to be prescient: This is not an environment for a Lift Off Event. An unfortunate technical mishap interrupted the latest moon-flight of the gold rocket. Fear not true believers, a few positive tracks were left behind. [PT] The price of gold didn't move much Mon-Thu last week, though the price of silver did seem to be blasting off. Then...Read More
CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21% The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 18, 2018"The acquisition of Canada this year, as far as the neighborhood of Quebec, will be a mere matter of marching; & will give us experience for the attack of Halifax the next, & the final expulsion of England from the American continent."- Thomas Jeffe...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, down just 1.37 percent. Gold traders and analysts were bullish on the yellow metal due to speculation that the now confirmed interest rate hike by the Federal Reserve could ease the dollar's rally, according to Bloomberg. It is of interest to note that over the last three weeks gold stocks, as measured by...Read More
By Gary TanashianFollowing is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 504. For months now we have been tracking a divergence in the key cyclical Semiconductor Equipment segment (I am short AMAT & LRCX) to the broader Semi sector (ref. the most recent article from May 18th here) and this week we put more context to the divergence.A Bull in a China ShopIn li...Read More
By Ricky WenThe second week of June was fairly uneventful as the market did its typical stallfest/shakefest fluctuations against a major level of 2800 from the March high region. Essentially, the market reached a high of 2794.25 intraday on Monday (Jun 11) on the Emini S&P 500 (ES) and then it couldn't sustain the pressure by the end of the day with the 2786 print.This paved the way for our Mo...Read More
Cranbrook, British Columbia - Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") as project operator, has notified Roughrider Exploration Ltd. ("REL": TSX-V, or "Roughrider") that crews have been mobilized to carry out two separate exploration programs on the Brownell Lake (VMS-polymetallic) and Olson (gold) exploration properties located approximately 120km east of La Ronge, Saskatche...Read More
By Hubert Moolman The pressure on the current monetary establishment has been building steadily. Just because gold and silver has not made a major move up, does not mean that the terminal illness of the international monetary system has now gone away. On the contrary, its imminent demise is now more certain, given the various financial confirmations over the last couple of years (see my other w...Read More
Oil prices are up over the past year, which is bad if you're, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating necessity that's priced in an appreciating:Steep Oil and Strong Dollar Make Toxic Brew for Global Econ...Read More
By Keith WeinerWe have been writing about capital destruction. This week let's look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, "four years earlier than projected in last year's report." In other words, the economy is growing by every conventional measur...Read More
By PlungerI hadn't planned on submitting anything this weekend, however in light of Friday's action I felt it may be useful. After Friday's smashing in the commodities and precious metals market many investors are now rattled and may have bailed from the sector already. It is not my purpose to recommend holding or selling, however I would like to lay out for you what is going on beneath th...Read More