Ira EpsteinGold in a vertical price rise, resistance at the upper Bollinger band:Read More
MacDonald Mines Exploration Ltd. announces a non-brokered privateRead full newsRead More
GOLDEN RIDGE RESOURCES LTD. is announces it has increased its preRead full newsRead More
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.Read full newsRead More
QMX Gold Corporation is pleased to release further assay resultsRead full newsRead More
Steppe Gold Ltd. (TSX:STGO) (Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
SOUTHAMPTON - The Ontario government is providing up to $1.8 million to expand natural gas to households and businesses in Saugeen First Nation. Bill Walker, Associate Minister for Energy, announced today that construction has started on a new natural gas pipeline that will bring more reliable and affordable energy to the Indigenous community."By expanding access to natural gas, our government is...Read More
CEO Darin Labrenz:Read full newsRead More
(Originally published on July 8, 2020) - Today we are going to focus strictly on interpreting what our US insider sentiment indicators are now signalling. Our key US Indicator which measures sentiment towards the average stock in America has firmly established a bottoming pattern. That means insider buying has bottomed out, typically a short-term bearish signal as such a pattern often happens n...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 8 that are worth another look.The recovery in Chinese steel consumption, especially that for rebar, has been "extraordinary," while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets' Covid-19 and Asian ferro-alloys markets webinar...Read More
A negative arbitrage between the London Metal Exchange and Shanghai Futures Exchange resulted in lower premiums for all nickel grades in China in the week to Tuesday July 7, while other regional premiums remained unchanged. China trading interest wanes amid long-lasting negative LME/SHFE arbitrage, prompting lower premiumsEuropean spot buying remains lackluster with scant deals reported in already...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 8.Please click...Read More
Road freight in South Africa has been slow to return to normal operations following demonstrations on Tuesday July 7 in which vehicles were set alight and drivers threatened, adding to the Covid-19-related problems that have affected the country's logistics.The transportation of freight in South Africa has remained limited after Tuesday's protests against the employment of non-South African driver...Read More
African metal exporters are re-routing their cargoes to avoid the logistics problems created a nationwide strike by truck drivers in South Africa that started on Tuesday July 7.Major roads were blocked amid protests by South African truckers who oppose the employment of foreign drivers."Cargoes are now stuck in South Africa. Transport [operators] have told drivers to park [their vehicles] wherever...Read More
It was worth about $1,809/oz at the time of writing, having earlier neared $1,820/oz.US president Donald Trump didn't share any economic jitters, tweeting yesterday the economy and jobs were growing much faster than anyone - except him - had expected, while China's virus mortality rate was among the lowest of any country."Shaping up for a good third quarter, and a great next year!" he said.North A...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 8 that are worth another look.The recovery in Chinese steel consumption, especially that for rebar, has been "extraordinary," while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets' Covid-19 and Asian ferro-alloys markets webinar...Read More
NZAS, a joint venture between Rio (79.36%) and Sumitomo Chemical Company (20.64%), operates the Tiwai Point aluminium smelter on New Zealand's South Island.The decision follows a strategic review which concluded the business was no longer viable given high energy costs and a "challenging" outlook for the aluminium industry.Rio posted an underlying loss of NZ$46 million on the smelter in 2019.Rio s...Read More
Market participants in the US ferrous supply chain attending aFastmarkets webinar on June 30 expected prices to be largely stable in the coming months, but benchmark indicators continue to track downward as an uneven reopening of the United States economy clouds the outlook. About 62% of respondents to a poll held during the webinar - titled "Sunny days ahead?" - expected hot-rolled coil...Read More
Turkish steel producers have continued to stay away from the deep-sea scrap market so far this week because of weak demand for finished long steel, sources told Fastmarkets on Wednesday July 8.Mills in Turkey booked five deep-sea cargoes late last week, totalling around 140,000 tonnes.However, they went quiet at the beginning of the week after struggling to sell finished long steel products i...Read More