Bob Moriarty says that while the "experts' have been wrong on silver for so long, his readers are making bank. Here's more...by Bob Moriarty via Streetwise ReportsI wrote about Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) back in November. The stock was unloved and hovering at $0.11 a share. I suggested potential investors watch for news releases because the company has totally changed d...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like.Continue...Read More
Gold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.Many projects with marginal ore deposits were rendered une...Read More
By Avi Gilburt A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.GATA has been trying to convince all those who are willing to listen that it is not its fault that the metals market dropped from 2011 to 2015 (wh...Read More
Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday.Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on Wednesday also likely played a part in the stock market decline. The markets don't like the prospect of having their easy-money punch...Read More
Peter KrauthWith the U.S. Federal Reserve's rate hike now behind us, the price of silver could well be embarking on a fresh rally.In fact, the precious metal is starting to act well in the face of both market weakness and market strength.The U.S. dollar has tried multiple times since mid-February to push higher, but each attempt was fruitless.Plus, silver stocks are also starting to look like they...Read More
Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More
"The silver market is right now absolutely primed for a massive move to the upside" Here's why...by Michael Ballanger of Streetwise ReportWould it be that a picture is worth a thousand words? In the case of the graphics posted below, in a word, yes!Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and go...Read More
By Frank HolmesIn a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.click to enlargeI forecast then that we could see another "Fed rally...Read More
Seaborne iron ore prices and trading stayed lackluster on Tuesday March 27 although futures and steel markets have experienced a rebound.Key driversChina's steel and iron ore futures bounced up in the morning and ended with gains, despite a correction in the afternoon.The country's spot rebar and hot-rolled coil prices also increased 20-40 yuan ($3.20-6.40) per tonne during the day.Those have boos...Read More
By Gordon LongLet's start by making sure we understand the terminology we will be using in our discussion today. Too many times I hear people use these terms in the wrong and often confusing context.LIQUIDITY: is about AVAILABILITY of Money & Credit. This is the role of the central bankers, that is to ensure there is always sufficient but not excessive Money Supply available. Historically the pr...Read More
Reporting By Greg Torode and James Pearson, additional reporting by Ben Blanchard. Editing by Lincoln Feast.Continue...Read More
SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More
The inferred mineral resource at December 31, 2017, was 3.36 million ounces of gold (including refractory) at 3.93g/t, increased primarily through exploration at the Wassa underground gold mine in western Ghana. This compared with the 3.13Moz at 4.77g/t at the end of 2016.Measured and indicated mineral resources were largely unchanged on the year at 4.4Moz of gold, while proven and probable minera...Read More
Prices for imported billet in the United Arab Emirates fell this week on lower offers, while strong demand pushed up domestic rebar prices, sources told Metal Bulletin on Tuesday March 27.Demand for imported rebar in both the UAE and Saudi Arabia remained weak, however. Domestic rebar The major rebar producers in the UAE announced new rebar prices on Monday, March 26. The biggest steel p...Read More
SHANGHAI, Mar 27 (SMM) – The current high copper inventories at global exchanges are set to impose further pressure on the already weak prices, SMM believes.Copper inventory at LME grew 31,225 mt on Tuesday March 27, after it jumped 35,000 mt a day before. This lowered stocks to 383,975 mt, the highest level since May 2017. Cancelled warrants stood at 11.8% on Tuesday, down from 13...Read More
The scoping study, carried out by project development consultants BatteryLimits, shows Mahenge could produce an average 49,000 tonnes per annum of high-quality graphite products during a 32-year mine life at an operating cost of US$408 per tonne based on an average life of mine grade of 12.5% total graphite carbon (TGC).Read More
Toronto, Ontario (March 27, 2018) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShares WithheldAlb...Read More
China's domestic rebar prices bounced back slightly on Tuesday March 27 amid a pick-up in trading activity following several days of big losses. Domestic Eastern China (Shanghai): 3,440-3,520 yuan ($547-560) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, up 20-30 yuan per tonne Rebar futures rose sharply during the morning trading session, hitting a high o...Read More