Persistently weak demand in both the Chinese and European antimony markets continued to exert downward pressure on spot prices over the past week.Metal Bulletin assessed the Chinese MMTA standard grade II, delivered duty paid, antimony price at 51,000-51,500 yuan ($8,018-8,096) per tonne on Wednesday May 2, down from 51,500-52,000 yuan in the prior week."Demand from domestic downstream industries...Read More
CALGARY - Toronto-based miner Sherritt International Corp. says it has developed a partial upgrading technology for the oilsands that could qualify for a $1-billion incentive program recently announced by the Alberta government.CEO David Pathe says the company has completed successful laboratory testing of the process at its facility in Fort Saskatchewan, Alta., and is now looking for an industr...Read More
Chinese silicon export prices edged up last week despite the limited number of trades seen following China's Labour Day break (April 29-May 1), with a greater number of inquiries from regions other than Japan boosting sentiment in the country's export market.Metal Bulletin assessed the China grade 553 silicon export price at $1,910-1,960 per tonne on Friday May 4, up by 0.5% from $1,900-1,950 per...Read More
Let's face it: Minorities have been royally screwed over in the past. They've gotten the shitty end of the stick for millennia.Here in the United States, black folks were once considered only three-fifths of a human being. Meanwhile, women have only been allowed to vote in 40% of American history.If I were a minority, I might be pissed off at the discriminatory nature of history myself.But we need...Read More
Toronto, Ontario - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Eric Sprott announces that on May 4, 2018, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 2,167,000 common shares of Garibaldi Resources Corp. pursuant to two private agreements at a price of $2.40 per share for total consideration of $5,200,800 (the "Acquisition").The Acquisition repres...Read More
Via Sovereignman.comEvery year around this time I attend a small, private event to break bread with some of the most invigorating people I know.There's only about 100 people in the room– but they're all at the top of their game... business and intellectual leaders from a variety of industries.And we gather each year to build relationships with one another and hear about some cutting edge ide...Read More
Calgary, Alberta - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") is preparing for exploration work on its Wilson Creek property, part of the Company's Kootenay Arc Zinc District in southern B.C.Key HighlightsExploration to target Sedex-style zinc mineralization on the Wilson Creek propertyStrong zinc soil an...Read More
May 7, 2018 (Investorideas.com Newswire) The common shares of Generation Mining Limited have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the listing date.Generation Mining Limited is a base and precious metals exploration and development company with various property interests throughout Canada. Its primary business objective is to...Read More
Burlington, Ontario - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Wabi Exploration Inc. (CSE: WAB) ("Wabi") provides a corporate and operational update on the previously announced Arrangement Agreement with Buena Vista Gold Inc. ("BVG").BVG has delivered its audited financial statements for the year ended December 31, 2017 to Wabi. Under the Arrangement Agreement Wabi can now address...Read More
CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, bu...Read More
Justin's note: An "Era of Peace" has begun.That's the news coming out of the Korean Peninsula. Two weeks ago, North Korea's Supreme Leader Kim Jong-un and South Korea's President Moon Jae-in held a historic peace talk at the North Korea-South Korea border.It was the first such meeting in 11 years. And many people think it will bring an end to their longtime standoff.I recently called Doug Casey t...Read More
Technical analyst Jack Chan updates his gold and silver charts. Our proprietary cycle indicator is up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation i...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders. The yellow metal fluctuated on Friday morning after the jobs report came out with mixed s...Read More
Unplanned maintenance issues, particularly at the Burrup Technical Ammonium Nitrate Plant in Western Australia's Pilbara region, have hit explosives giant Orica's (ASX: ORI) first half trading performance, even as miners start to demand more explosives.Noel Dyson*07 MAY 201807/05/2018commentsshareOrica has reported a first half statutory net loss of A$229 million on 4% lower revenues of A$2.53 bil...Read More
Rick Mills, founder of Ahead of the Herd, discusses the Golden Triangle region of northwest BC and some junior companies gearing up to explore new and existing targets. Golden Triangle Infrastructure Improvements, Courtesy Visual CapitalistGeology"Geologists are scrambling to understand what created the phenomenal concentrations of gold at the Valley of the Kings discovery of Pretium. Recent dril...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12May 7, 2018 "This vast empire on which the sun never sets, and whose bounds nature has not yet ascertained" George Macartney, 1773, in the wake of territorial expansion following Britain's victory in the Seven Years' War "Today the sun never sets on American territory, proper...Read More
CloseGain/LossGold $1314.30+$0.30Silver$16.47-$0.03XAU81.99-0.50%HUI180.21-0.65%GDM632.09-0.05%JSE Gold1088.69-26.37USD92.77+0.17Euro119.23-0.34Yen91.59-0.14Oil$70.73+1.0110-Year2.950%+0.005T-Bond143.50-0.15625Dow24357.32+0.39%Nasdaq7265.21+0.77%S&P2672.63+0.35% The Metals: Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, bu...Read More
By Rory HallKen Schortgen, Jr., The Daily Economist, recently penned an article about Nigeria approving a currency swap agreement with China, stating,It has been a little more than a month since China officially began offering oil futures contracts denominated in the Yuan currency, but early results continue to be positive for this contract to over time take more and more market share from the W...Read More
The US economic expansion that began in mid-2009 has been much weaker than average, but, as indicated by the chart displayed below, it is also much longer than average. In fact, it is simultaneously the weakest and the second-longest expansion on record. Due to the advanced age of the expansion and the signs of weakness that have appeared over the past three months in economic statistics and the...Read More