Seabridge Gold (TSX: SEA; NYSE:SA) holds one of the world's largest resource bases of gold, copper and silver, with the objective of growing gold resource and reserve ownership per share. We learned from Rudi Fronk, who's chairman and CEO of Seabridge Gold, that he started Seabridge almost 19 years ago with a contrarian view on gold and with the intention to build the best leveraged play to a risi...Read More
Battery cell maker Northvolt has received the environmental permit for what will be Europe's largest lithium-ion battery cell factory, with the initial phase of construction to begin on Friday June 8. The permit was issued for the first section of the factory, in Skellefte?? in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year. The full factory...Read More
Aben Resources Ltd. (TSX-V: ABN, OTC PINK: ABNAF, Frankfurt: E2L2) is a Canadian gold exploration company developing three great projects in British Columbia's Golden Triangle, the Yukon, and Saskatchewan. We learned from Jim Pettit, President and CEO of Aben Resources, that their flagship project is called Forrest Kerr Gold Project in the Golden Triangle, northwestern British Columbia, which is a...Read More
Metal Bulletin's Top Steelmakers 2018 list shows ArcelorMittal retaining the crown as the world's largest steel producer, but the mills of China, Japan, South Korea and India occupy positions 2-10. Nucor in the United States, with an output of over 21 million tonnes in 2017, is the highest-ranking steelmaker from outside the region, in 12th spot. Since China has about half of the world's global st...Read More
Vancouver, British Columbia - June 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Magnitude Mining Ltd. (TSXV: MML.P) (the "Company"), a capital pool company, is pleased to announce that it has completed its initial public offering (the "Offering").The Company issued an aggregate of 2,000,000 common shares (each, a "Share") of the Company to purchasers in British Columbia and Alberta at a p...Read More
June 7, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund examines recent movements in the gold market.Gold's breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bull market that looks set to dwarf all prior ones. We have in the past d...Read More
June 7, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund examines the silver market and explains why he believes this is a good entry point "for all things silver."The silver market has become so quiet that you can hear a pin drop, a most unusual situation in this normally rather volatile metal. What this means is that there is a big move brewing and probably sooner rather than late...Read More
China's ferrous futures posted some gains during morning trading on Thursday June 7, with environmental inspections in the country leading to an improved outlook for the steel and steelmaking raw materials markets.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,844 yuan ($601) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,979 yuan per tonne, up 33 y...Read More
Ever since the Supreme Court ruled that the baker was within his rights to refuse to bake a wedding cake for a gay couple, I have been seeing memes and photos like these:Actually, you don’t even have to have religious beliefs against Trump. A court ruled last month that political beliefs were enough for a bar to deny service to a man wearing a Make America Great Again hat.As for the bakery d...Read More
Junk Bond Spread BreakoutThe famous dead parrot is coming back to life... in an unexpected place. With its QE operations, which included inter alia corporate bonds, the ECB has managed to suppress credit spreads in Europe to truly ludicrous levels. From there, the effect propagated through arbitrage to other developed markets. And yes, this does "support the economy" - mainly by triggering an aval...Read More
The United States' formerly robust reinforcing bar import market is showing signs of revival, market participants said, with at least one US importer booking some 30,000 tonnes of Turkish rebar recently.After President Donald Trump levied hard 25% Section 232 tariffs against steel imported from North American free Trade Agreement countries and the European Union, Turkish mills firmed up...Read More
Domestic reinforcing bar prices in the United States remain steady as market participants await the impact of the Trump administration's decision to impose Section 232 tariffs of 25% on imported steel products from Canada, Mexico and the European Union.American Metal Market's latest price assessment on June 6 for domestic rebar was $35-36 per hundredweight ($700-720 per short ton), uncha...Read More
Imported steel billet prices narrowed but domestic rebar prices were unchanged in Egypt this week because of limited demand, sources told Metal Bulletin on Thursday June 7.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on June 7 was unchanged at E ?12,525-12,528 ($699-700) per tonne ex-works.The country's rebar biggest producer, Ezz Steel,...Read More
CloseGain/LossGold $1296.90-$0.20Silver$16.69+$0.01XAU82.99-0.47%HUI178.64-0.13%GDM625.19-0.45%JSE Gold1045.86+14.66USD93.45-0.21Euro118.00+0.28Yen91.18+0.38Oil$65.95+$1.2210-Year2.919%-0.053T-Bond144.375+1.125Dow25241.41+0.38%Nasdaq7635.07-0.70%S&P2770.37-0.07% The Metals: Gold gained $6 to $1303.10 at about 8:30AM EST before it fell back to $1294.90 by midmorning, but i...Read More
By David HaggithEurope's many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the rest of Spain. All of Europe fell under Trumpian trade-war sanctions and threatened their own retaliation. And Germany'...Read More
By Alasdair MacleodThe EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principal is the state is superior to its people. A system of government can only work over the longer term if it recognises that it is the servant of the people, not its master. It matters not what electoral system is in place, so long as this princip...Read More
By Dave KranzlerAnd just like that, the VIX index crashes right back to where it was before the late-January 10% drop in the stock market - a reflection that the remaining stock market speculators and hedge fund bots have been completely cleansed of any fear impulse that hit daytrader keyboards in the first quarter of 2018:Hedge funds went from insanely short VIX futures to long VIX futures...Read More
By Jordan Roy-Byrne CMT, MFTA The fundamental drivers for Gold and the US Dollar are similar and that is why they typically trend together. Negative and/or falling real rates drive Gold and the same drives the greenback though with respect to differentials between the other competing currencies. When real rates are rising or strong in the US that is bearish for Gold and bullish for the US Dolla...Read More
By Avi GilburtFor almost 7 years now, I have been actively engaged in the online community relating to investing opportunities. In fact, my first public article about a specific asset was when I called for a top in gold back in the summer of 2011, when most were certain we were about to easily eclipse the $2,000 mark. However, my expectation was that the $1,915 region would likely put a cap...Read More
Ask me what I am currently most enthusiastic about in the markets, and I'll tell you it is the underpricing of rate hike expectations. Let me elaborate on why, what it means for investors' portfolios and how to possibly profit from it. Why rate hike expectations may be underpricedLots of people ponder where interest rates might go. They may care if they have a loan where interest payments go up...Read More