Montreal, Quebec - June 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report additional drill results from the Nika and NW Zones located in the northwestern portion of the current Resource Area.In the Nika Zone area, hole DO-18-227 cut 5m of 2.32 g/t Au from 101m downhole (estimated v...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam remained in an upward trend over the past week on sustained demand in the spot market.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $607-620 per tonne cfr for the week ended Monday June 11, up $2-10 per tonne from...Read More
Long steel demand in European Union markets is likely to remain relatively weak through June amid relatively high stock levels at distributors and uncertainty around Europe's import safeguard investigation, market sources told Metal Bulletin.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports in early July and, following World Trade Organization rules...Read More
Saudi Arabia's state-owned steel producer Hadeed Sabic has registered with Egypt's General Organization for Export and Import Control to export rebar to the country, Egyptian sources told Metal Bulletin on Sunday June 10. It is compulsory to be registered with the organization to export rebar to Egypt. Sabic is the second registered Saudi Arabian steel producer to export rebar to Egypt after Al Ra...Read More
Import prices for rebar in Singapore increased slightly over the past week amid improved spot demand.Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $540-550 per tonne cfr for the week to Monday June 11, up from $540-545 per tonne from the preceding week.Major Chinese mills offered thei...Read More
CloseGain/LossGold $1300.40+$1.90Silver$16.93+$0.17XAU83.63+0.84%HUI180.17+0.75%GDM627.22+0.60%JSE Gold1059.78-0.35USD93.58+0.01Euro117.85+0.15Yen90.92-0.48Oil$66.10+$0.3610-Year2.953%+0.010T-Bond143.65625-0.375Dow25322.31+0.02%Nasdaq7659.93+0.19%S&P2782.00+0.11% The Metals: Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climb...Read More
High Odds that Low of Year ConfirmedBy Ricky Wen The first week of June was fairly easy to navigate and trade as the bullish pattern took a couple extra weeks of high level consolidation to finally complete its course. It really started with the breakout on Monday June 4 above the key 2742 level to confirm that the bull train is ready for the immediate breakout to accelerate above the prior two...Read More
By Ira EpsteinGold lifts but silver is shining.https://www.iraepstein.com/ Read More
By Dave KranzlerThe market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar. The rise in the dollar is technical in nature - certainly it's not based on U.S. systemic fundamentals. The current financial and economic environ...Read More
By Craig HemkeJust as gravity propels the lava from Kilauea inexorably toward the sea, a mountain of public and private debt looms over today's markets. Earlier this week, the Boards of Trustees for both U.S. Social Security and Medicare released their latest updates on the "solvency" of the programs. The advisories can be read here: https://www.ssa.gov/oact/TRSUM/index.html Though it's common k...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager and a fantastic market commentator, and over the past few years, has been a wonderful guest a...Read More
By Keith WeinerSupport you're driving a car, and you turn the steering wheel left. You will feel the door and pillar of the car push your left shoulder (in a left-drive car). This is an observed fact.Common Sense PhysicsOne idea let's call it common sense physics is that a force is pushing you outward into the door. If you picture the center of the circle that the car is making in its turn, ther...Read More
By Avi Gilburt Bears seem to be roaming wherever you look, whether it be in the US equity market, the gold market, and especially in the emerging markets as of recently. Whether I read articles, or the comments to those articles, it seems there is a common expectation that "emerging market dominoes are falling" and it will "cause deleveraging and contagion" across portfolios worldwide.It certain...Read More
Dear Friend of GATA and Gold:GATA has appealed to the U.S. comptroller of the currency, who has regulatory authority over banks, to review financial risks certain banks may have incurred through derivatives in the monetary metals markets, particularly through the recent heavy use of the "exchange for physicals" mechanism of settling gold and silver futures contracts on the New York Commodities E...Read More
Turkish steel producers were silent in the deep-sea scrap markets at the beginning of this week after booking almost 250,000 tonnes of material last week, sources said on Monday June 11.The mills in the country had been in the market for July deliveries and booked seven deep-sea cargoes in the week ended June 8.But the prices have now started to pick up again because of the stronger Turkish demand...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 11, 2018"We should beware of the demagogues who are ready to declare a trade war against our friends weakening our economy, our national security, and the entire free world all while cynically waving the American flag." Ronald Reagan, President of the United States 1980-19...Read More
'Is all gold equal?' is the topic of episode 4 of the Goldnomics podcast.The tangible quality of gold bullion is one of the key factors which contributes to gold's ability to act as a form of financial insurance for investments, savings and wealth throughout history and again in recent months and years.You can also click here to listen on SoundCloud , Blubrry & iTunesWe believe investors an...Read More
Geopolitics The US dollar should weaken after Trump's G7 U turn. China-Russia are showing higher trade cooperation and cohesiveness to check the growing influence of the USA in the South China Sea. The meeting of the Shanghai Cooperation Council (SCO) will antagonize the USA even more as even a slight hint of unity in India-Russia-China-Pakistan could reduce American influence to zero in the I...Read More