An overview of the minor metals markets and the reasons for any price moves.Read More
The UK inter-merchant price for austenitic alloy steel scrap has risen by ?20-40 per tonne over the past week, following an increase in nickel values, sources told Metal Bulletin on Friday May 18.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?1,000-1,040 ($1,352-1,406) per tonne delivered on Friday, compared with ?960-1,020 per tonne on May 11."UK m...Read More
Vancouver, British Columbia - May 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (the "Company" or "Sixty North Gold") is pleased to announce that it has expanded its land package in the Yellowknife Gold Belt by 25.8 %, with an additional 127.75 hectares (315.68 acres). The added mineral claim (NDM3) abuts the existing property on the sou...Read More
People routinely "vote with their feet," meaning that they choose to relocate to a better environment when the opportunity arises. This could be as simple as moving closer to a job to shorten the commute or it could mean obtaining citizenship in another country that offers more personal and economic freedoms. The search for a better life is the main driver of immigration across the world. Have yo...Read More
May 18, 2018 (Investorideas.com Newswire) Vince Sorace, the president and CEO of Kutcho Copper Corp., tells Resource Stock Digest about the company's plan of attack for the 2018 field program, which he believes will generate substantial news flow over the coming months.Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me is president and CEO of Kutcho Copper Corp. (KC...Read More
Global ferrous scrap prices headed in differing directions during the working week ended Friday May 18, with prices in the bulk sector losing ground while prices for containerized material to Taiwan pushed upward.Turkish scrap import prices slid on lackluster finished steel demand with the start of the Islamic holy month of Ramadan, while prices for exports from the United States fell in two deals...Read More
CloseGain/LossOn WeekGold $1291.70+$0.70-2.06%Silver$16.43-$0.01-1.44%XAU82.06+0.27%-2.15%HUI177.75+0.16%-2.46%GDM619.01-0.25%-3.27%JSE Gold1012.82-1.17-5.19%USD93.67+0.19+1.22%Euro117.68-0.28-1.47%Yen90.49+0.05-1.07%Oil$71.28-$0.21+0.82%10-Year3.065%-0.045+3.20%Bond141.21875+0.78125-1.40%Dow24715.09+0.00%-0.47%Nasdaq7354.34-0.38%-0.66%S&P2712.97-0.26%-0.54% The Metals: G...Read More
May 18, 2018 (Investorideas.com Newswire) Canada-based zinc mining company expands drilling program at U.S. site.Pasinex Resources Ltd. (PSE:CNX) has announced that it has signed a drilling contract with Idea Drilling LLC of Minnesota. The contract is for drilling at least four holes of up to 3,000 feet of oriented diamond core at the Gunman high-grade zinc project in Nevada. It is expected that t...Read More
In this special Hedgeye webcast, CEO Keith McCullough discusses how to navigate this rapidly changing investing landscape and laid out the investing implications.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partner, Portfolio Manager, and Managing Director at the Carlyle-Bl...Read More
The UK light iron scrap market was unchanged in the past week, marking a stable level in prices since April 6 in the week to Friday May 18, with a weaker sterling against the dollar since mid-April increasing buying interest for British scrap exports and shoring up support for domestic prices, industry sources told Metal Bulletin.This week a steel mill in Turkey, a key destination for steel scrap...Read More
May 18, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a company that holds a large land position in the "most unexplored gold belt in British Columbia."As I just wrote yesterday, I see a low in the metals and junior resource shares approaching. It's time to load up the truck. The metals have meandered up and down for almost two years building a base. I believe it is for a mar...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Bob Moriarty of 321 Gold explains why he believes a gold explorer got a great deal on a Nevada project. That may sound a little cruel of me but when a company plucks a company out of bankruptcy court with a 424,000 ounce gold resource for a nickel an ounce, what the hell am I supposed to call it? But it gets worse.Midway Gold had gold projects in Nevada and was going into production when a whole...Read More
Base metals prices on the London Metal Exchange were diverging on the morning of Friday May 18.The main movers were nickel, which climbed 1%, and aluminium, which dropped 0.6%. Zinc prices are down 0.3% while the rest are little changed, with copper prices at $6,869 per tonne.Volume on the LME has been below average, with 3,276 lots traded as at 06.46 am London time. This follows a mixed performan...Read More
By Alasdair MacleodIt is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed shadow chancellor in 1965i. It is no longer used in its original context. From Hansard (the official record of parliamentary debates) 17 November that year:We now have the worst of both worlds not just inflation on the one side or stagnatio...Read More
The president of this junior miner discusses the promise of an orogenic heap-leach project on its property in Sonora with Maurice Jackson of Proven and Probable. Maurice Jackson: We are discussing a company that has established itself as a premier project generator, Millrock Resources Inc. (MRO:TSX.V). Joining us today is Gregory Beischer, the president, CEO and director of Millrock. Mr. Beischer...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort201,468109,02565,319195,925314,014462,712488,358Change from Prior Reporting Period 2,92017,9177,70614,339-2,55624,96523,067Traders19384835452288189 Small Speculators LongShortOpen Interest 57,24631,600519,958 3,5955,49328,560 non reportable positionsChange from the previous repor...Read More
Leading international seller of metal detectors and communications devices, Codan (ASX: CDA), says a A$9.5 million deal to supply the massive BHP-owned Olympic Dam copper-uranium-gold mine with an underground fleet management system validates the competitive standing of its product in the market.Staff reporterASX-listed Codan is seeing stronger payback on its investment in mining technology18 MAY...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, reflect on market factors that are driving current fluctuations in the gold price.For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1,362 to its May 16 close of $1,291.50. Meanwhile, the US dollar index has ri...Read More