The UG2 chrome ore, charge chrome and Chinese domestic spot ferro-chrome markets all drifted lower in the week to Friday July 3 on weakening sentiment after the main Chinese stainless steel mills lowered their tender prices for July.Following the recent drop in chrome ore prices, Tiayun Iron & Steel (Tisco), Tsingshan Group and Baosteel all lowered their high-carbon ferro-chrome tender prices for...Read More
Mining companies operating in Peru are being forced to keep operations suspended and halt new ones as confirmed coronavirus cases in the country jumped past 300,000 on Sunday, with several of the new infections happening in the copper sector.Trevali Mining (TSX: TV) said on July 3 that a total of 82 workers had tested positive for Covid-19 at its Santander mine, which would remain halted. The comp...Read More
Turkish domestic scrap prices have gone down slightly over the past week in line with the downturn in imported scrap values, sources said on Monday July 6.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 1,660-1,870 lira ($242-273) per tonne on Monday, narrowing downward from 1,655-1,885 lira per tonne a week earlier.The movement in the assess...Read More
Codelco had demobilized staff and suspended construction at its El Teniente project in Chile to contain the rapidly spreading Covid-19 virus in the region, the company said on Saturday July 4. Some 4,500 workers at the mine are under "transitory demobilization" with the rest of the workforce working on a shift schedule of 14-day on and 14-day off, Codelco said. Chuquicamata is also functioning und...Read More
We are now at the halfway point of the year. The S&P/TSX Index is still down by 8.60% despite posting three consecutive months of gains. Looking back on the first, the top stocks on the TSX Index are likely those unknown to the average investor.In 2020, three stocks that have returned more than 200% to shareholders. This means that lucky shareholders have more than tripled their investments in...Read More
The next market crash could have the potential to be a real doozy. Ready or not, it’s coming, and it’ll hit your Tax-Free Savings Account (TFSA) portfolio when you least expect it.Many pundits, market strategists, and talking heads on TV are pointing the finger at COVID-19 as the cause of the next market crash. And while that seems like the most obvious cause at this juncture given tha...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 7, 2020Ancient Rome had the denarius, which was diluted into hyperinflationary oblivion. America has the dollar, which is on track to suffer an equally disgusting fate.Pleaseclick here now.Double-click to enlarge.Silver bullion investors prospered during the denarius dilution that was...Read More
Duran was previously the president of the Colfecar Colombian Federation of cargo transporters and logistics and has previous experience in public administration including within the Bogota GovernmentRead More
House, previously Imdex's chief operating officer, said AusSpec's unique aiSIRIS (Artificial Intelligence Spectral InfraRed Interpretation System) platform delivered a key piece of the 'rockRead More
Share this articleTORONTO - Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30.The Canadian company's output of 329,800 ounces was 54 per cent higher than the same period in 2019, thanks mainly to its purchase of Detour Gold Corp. for $4.34 billion in stock early this year.The D...Read More
Gold is going to be the best investment over the next five years.My friend and co-author of Christian DeHaemer's Bull and Bust Report, the esteemed Luke Burgess, put out an epic treatise on gold on Friday in Energy and Capital. You may have missed it with the BBQ preparations and whatnot.But it's important enough that I call your attention to it.He wrote: Gold is set to experience one of the grea...Read More
Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach...Read More
Michael J. Kosares, USA Gold"It is related of the illustrious Sandy McHoots that when, on the occasion of winning the British Open Championship, he was interviewed by reporters from the leading daily papers as to his views on Tariff Reform, Bimetallism, the Trial by Jury System, and the Modern Crave for Dancing, all they could extract from him was the single word 'Mphm!' Having uttered which he...Read More
Daniel R. AmermanThere is an increasingly good chance that the United States could end up following Europe and Japan, and that the Federal Reserve could use its vast powers of monetary creation to force a move to negative interest rates.If that deeply unnatural event happens, it will invert and distort the very foundations of investment pricing, in ways that are little understood by most investo...Read More
1. Ancient Rome had the denarius, which was diluted into hyperinflationary oblivion. America has the dollar, which is on track to suffer an equally disgusting fate.2. Please click here now. Double-click to enlarge. Silver bullion investors prospered during the denarius dilution that was orchestrated by the Roman "Creep State". Today's silver bugs will prosper from US Cr...Read More
By: Gary SavageGold's novice traders have given up and lost patience. Lots of traders in the choppy markets, get stopped-out during a consolidation and shaken out, over and over. Investors need to be more patient. Gamblers who trade everyday, well these people consistently lose money:https://blog.smartmoneytrackerpremium.com/Read More
Clint Siegner, Money MetalsMore new people may have made their first purchase of physical gold or silver in the past 4 months than in any four-month period in history. This sort of data isn't reported and tracked. But if our experience as one of the nation's largest precious metals dealers is representative, we believe that's the case.We've never seen so much retail demand, and a big portion of...Read More
By: Ira EpsteinGold's pattern, higher-high and a higher-low. $1766.30 is support. Gold above the 18-dma average, which keeps its bias positive:Read More
Reyna Silver enters into two agreements, one with the landowner and one with the company that has an earn-in option on the property. In a news release, Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS) announced it agreed to acquire an 80% interest in the La Chinche mining concession that is contiguous to its Guigui property, thereby consolidating its land position in Mexico's Santa Eulalia historic...Read More
A Haywood Securities report notes the moves by GoldMining "demonstrates an intention to seek to unlock further value from GOLD's unique portfolio." In a June 24 research note, Haywood Securities analyst Colin Healey reported that GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) will create net smelter returns royalties (NSRs) between 0.5% and 2% on 14 of its gold projects and hold them in its newly formed...Read More