It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at an important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like silver closed the week below technical resistance. The price action in the complex continues to suggest that a break...Read More
The Federal Energy Regulatory Commission (FERC) told congressional lawmakers last week its commissioners are investigating ways for electricity markets to value reliability, while distancing themselves from immediate reform. The Nuclear Energy Institute (NEI) says the discussion follows the "concrete action taken by several states, most recently New Jersey, to properly compensate nuclear power's z...Read More
Nuclear growth is at a 25-year high driven by the need for clean and reliable electricity, World Nuclear Association Director General Agneta Rising told the World Nuclear Fuel Cycle conference held in Madrid last week. While market problems persist in the USA, China's rate of nuclear approvals is picking up, other keynote speakers said. Agneta Rising addresses the WNFC (Image: WNFC)The Associatio...Read More
Base metals on the London Metal Exchange ended lower at the close of trading on Monday April 23, with aluminium falling 7.5% after the United States announced it would not impose secondary sanctions against UC Rusal. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) will not impose secondary sanctions on non-US persons for engaging in the same activity involving Rusal or...Read More
The Investor's Digest of Canada, in its regular 'Views of Leading Analysts' feature, recently noted three Canadian junior gold stocks favored by Toronto-based PI Financial analysts, Brian Szeto and Philip Ker.Jaguar Mining Inc. (TSX-JAG) is a Toronto-headquartered gold mining company engaged in the acquisition, exploration, development and operation of gold producing properties in Brazil. Its proj...Read More
Participants in the European aluminium market expect a bearish reversal of premiums after the United States Treasury decided on Monday April 23 that it will not impose secondary sanctions on non-US market participants for doing business with Russian supplier Rusal.The Treasury said that it wanted to mitigate the consequences for those affected by the sanctions because it wanted to target Russian o...Read More
"Furthermore, in the main, historians educated as Keynesians and monetarists do not understand the economic history of money, let alone the difference between a gold standard and a gold-exchange standard. These similar sounding monetary systems must be defined and the differences between them noted, for anyone to have the slimmest chance of understanding this vital subject, and its relevance to th...Read More
The London Metal Exchange will begin testing the electronic trading of close prices in early 2019, starting with nickel, LME chief executive officer, Matt Chamberlain, said at the LME Update Forum.During the trial, the closing price of nickel will move off the Ring and on to its member trading system, LME Select.Speaking at the LME Update Forum, Chamberlain highlighted that member feedback - predo...Read More
UG2 chrome ore, and Chinese and Japanese ferro-chrome markets were bearish last week on anticipation of China's stainless steel mills lowering their ferro-chrome tender prices for May. Scarce activity due to sellers holding back from soft UG2 chrome ore Charge chrome quiet before tenders revealed Trades show fall in ferro-chrome into South Korea European ferro-chrome prices stab...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Duran Ventures (DRV.V) has signed an agreement with a local Peruvian which gives it the right to explore and extract mineralized rock from certain concessions for a period of 10 years. This agreement is structured as a mineral lease and as the project has all the paperwork needed to extract ore, this could be a welcome source of mill feed for the company's Aguila Norte plant, which is located just...Read More
UG2 chrome ore, and Chinese and Japanese ferro-chrome markets were bearish last week on anticipation of China's stainless steel mills lowering their ferro-chrome tender prices for May. Scarce activity due to sellers holding back from soft UG2 chrome ore Charge chrome quiet before tenders revealed Trades show fall in ferro-chrome into South Korea European ferro-chrome prices stab...Read More
Lithium-rich claystone discovered at Cypress’ Glory Clayton Valley Project in Nevada. Source: Cypress Development Corp.Cypress Development Corp. [CYP-TSXV, CYDVF-OTCQB, C1Z1-FSE] said Monday April 23 that its shares have begun trading on the OTCQB market in the United States. Cypress Development was among the most active traders on the TSX Venture Exchange Monday as the shares slipped 2.6% o...Read More
NeuLion, Inc. (TSX:NLN) tops the Ubika Technology 20 Index with a 100% gainThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Technology 20 Index has stayed flat since our last report dated February 20, 2018, outperforming its benchmarks, the TSX-V and TSX Capped Information Technology Indices, which fell 3.3% and 1.0%, respectively, over the same period. Notab...Read More
Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks. Ore prices keep sliding on weaker alloy, steel demandSilico-manganese prices drop in ChinaIndian silico-manganese tracks ore lowerEuropean alloy prices remain steadyUS silico-manganese price...Read More
The eCobalt Solutions Idaho Cobalt Project 26 miles east of Salon. Source: eCobalt Solutions Inc.eCobalt Solutions Inc. [ECS-TSX, ECSIF-OTCQX] on Monday April; 23 released an update on its progress at the company's flagship Idaho Cobalt Project, 26 miles east of Salmon, Idaho.The update comes just weeks after eCobalt closed a $29.9 million bought deal financing, allowing the company to advance dev...Read More
The analyst stock picks on our list have underperformed significantly this year despite positive analyst coverageSmallCapPower | April 23, 2018: While identifying good stocks can be difficult, analysts research companies in-depth and advise investors on whether or not they are good buys. The analyst stock picks on our list today were rated on a 1-5 scale, where 5 represents a "Strong Buy" and 1 re...Read More
Hydro has notified UC Rusal that it may be necessary to declare force majeure on certain contracts due to the United States imposing sanctions on the Russian aluminium producer, Hydro said on Friday April 20.This is because Hydro could be prevented from upholding its obligations due to the sanctions issued by US Department of the Treasury against Oleg Deripaska and Rusal on April 6, the company sa...Read More
President Trump and several other world leaders are scrambling to deal with hostile nations developing nuclear weapons programs under the guise of energy research.Only time will tell how it will all work out. But as the rhetoric and fear surrounding nuclear weapons and energy research builds, investor interest may begin to grow around a little-known nuclear fuel: thorium. And that could mean money...Read More
Manulife Financial Corporation (TSX:MFC) adopts a customer-first approach by utilizing new technological innovations to provide a better experience for its client baseSmallCapPower | April 23, 2018: Manulife Financial Corporation (TSX:MFC) is a leading financial services group offering financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institu...Read More