Horizonte plc, which acquired the Vermelho project from Vale, is exploring whether the project can produce nickel and cobalt sulfate suitable for electric vehicle (EV) batteries, it said on Wednesday May 9. Mining company Horizonte acquired the Brazil-based nickel-cobalt project for $8 million in December 2017. "The Vermelho project also contains a large cobalt resource which Vale planned to...Read More
TORONTO - Shares of Kinross Gold Corp. fell more than 10 per cent in trading Wednesday as the gold miner said the government in Mauritania has requested talks regarding its activities in the country.The Canadian gold miner, which is near completion of its Tasiast mine in Mauritania, said its application to convert its Tasiast Sud exploration permit into an exploitation permit was recently rejected...Read More
The song remains the same.Just minutes ago as I'm writing this, President Trump did what everyone on the planet knew he would: he pulled out of the Iran nuclear deal.Crude prices jumped 1% as he spoke.And just like that, dear reader, we're back on the road to $80 oil.But this isn't new, is it?My colleague Christian DeHaemer warned you a few years ago that oil was setting itself up for a massive r...Read More
Turkish steel producers stayed out of the market on Wednesday May 9, with no deep-sea transactions reported amid holidays in Russia and Ukraine, sources told Metal Bulletin.The Ukrainian and Russian markets were closed for Victory Day holidays on Wednesday.Market participants nonetheless said that Baltic Sea-origin HMS 1&2 (80:20) will be about $357 per tonne and $360 per tonne cfr&...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Prospero Silver Corp. (TSXV: PSL) (the "Company" or "Prospero") announces that it has amended its planned work program for 2018 following discussions and agreements with its strategic partner, Fortuna Silver Mines Inc. ("Fortuna" or "FVI"). Prospero and Fortuna have also agreed to amend their May 8, 2017 strate...Read More
Ferrous scrap will increasingly replace natural resources as the main raw material to produce steel, according to the World Steel Association (Worldsteel) head of raw materials, Dr Baris Bekir ??ift??i.This is mainly due to ferrous scrap's increasing availability globally, as well as structural reforms in major steelmaking countries to increase the usage of electric-arc furnaces in the steel produ...Read More
Steph and Matt hated the cold, hated the crowds, and hated their corporate work. But they lived in densely–populated, and often frigid, Massachusetts. They worked 9-5 Monday through Friday, and were lucky to get three weeks off per year. And to top it all off, high Massachusetts taxes took a big chunk of their earnings.Enough was enough. They would find a way to move somewhere warm and rural...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) ("Fremont" or the "Company") is pleased to announce that it has commenced a five-hole drill program totalling a minimum 1000m at Gold Bar and Gold Canyon in northern Nevada (see Fremont news release dated March 5, 2018).Drilling commenced this past week...Read More
Edmonton, Alberta - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce that Kinross Gold Corporation's wholly owned subsidiary, KG Exploration (Canada) Inc. ("Kinross"), has provided Grizzly with the proposed 2018 work program on the Grizzly Greenwood property, located near...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
The comments below are an edited and abridged synopsis of an article by Frank HolmesSilver was last week's best-performing metal, up 0.14%. Gold bounced off its 200-day moving average after dropping to its lowest since December. It fluctuated after the US jobs report came out with mixed signals on low unemployment, but fewer-than-expected jobs added. The United Arab Emirates rolled back a 5% value...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Wednesday May 9, with all the metals, except tin (+0.2%) and lead (+0.3%), down by an average of 0.3%. Copper prices were off 0.4% at $6,785 per tonne.Volume on the LME has been below average, with 5,734 lots traded as at 07.37 am London time. This follows on from what turned out to be a generally negative day on Tuesday,...Read More
By Ira EpsteinGold stalls while silver rallies.https://www.iraepstein.com/Read More
The comments below are an edited and abridged synopsis of an article by Naveen KumarIndia's people have an affinity for silver and gold. Silver has been a preferred choice: There is a good market, offering fair price discovery and reasonable liquidity. But the price of silver has been range-bound for quite some time, while gold has fared better on medium- to long-term basis.India is the one of the...Read More
A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card issuers decide which customers to pursue. To this end he created a series of fake personas ranging from an affluent straight-arrow who always pays her bills on time to a white-trashy guy with impulse control issues and a history of multipl...Read More
Money manager Adrian Day discusses two companies in his portfolio that have experienced strong growth over the past year, and he believes there is more ahead. Ares Capital Corp. (ARCC:NASDAQ, 16.31) saw net income catch up with the dividend following the higher share count after the American Capital acquisition at the beginning of last year. For the fourth consecutive quarter, earnings improved,...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
The comments below are an edited and abridged synopsis of an article by Lawrence ThomasDemand for gold is increasing, yet new discoveries of the precious metal have not kept pace. Funds for exploration are historically high: $54.3 billion, up 60% over the past 18 years.Increased spending has not produced many new gold discoveries. During the past decade, 41 discoveries have resulted in only 215.5...Read More
David Stockman explains why the current market bubbles are approaching an implosion and why the next market crash may end up collapsing the monetary system.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private...Read More
Chris Vermeulen of Technical Traders discusses what he believes is ahead for U.S. stocks.Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These charts presented below of the SPY (SPDR S&P 500 ETF Trust) and Transp...Read More