It didn’t take long for the mining stocksto turn south once again. No wonder, given that their breakdown was more thanverified.Additionally, they also got bearish supportfrom gold, the stock market, and the USD Index, which also confirmed theirdecisive move. For more details, let’s take a closer look at the chart below. We've witnessed the USD's breakout andbreakdowns in the precious m...Read More
On the various interviews I have done concerning the precious metals, many were surprised to hear me say that gold was not breaking out on a sustained basis with the ratio rising. When the ratio hit the target area, many have written in to say wow, shorting gold and long silver was an amazing trade.The future of precious metals is an interesting one. Of course, the pro-gold sites hate...Read More
It didn’t take long for the mining stocksto turn south once again. No wonder, given that their breakdown was more thanverified.Additionally, they also got bearish supportfrom gold, the stock market, and the USD Index, which also confirmed theirdecisive move. For more details, let’s take a closer look at the chart below. We've witnessed the USD's breakout andbreakdowns in the precious m...Read More
It didn’t take long for the mining stocksto turn south once again. No wonder, given that their breakdown was more thanverified.Additionally, they also got bearish supportfrom gold, the stock market, and the USD Index, which also confirmed theirdecisive move. For more details, let’s take a closer look at the chart below. We've witnessed the USD's breakout andbreakdowns in the precious m...Read More
Have you been able to keep up with all of 2020's plotlines?Do you remember the Australian fires? The March stock market crash? The rumors of Kim Jong-un's death?As a reminder, Kobe Bryant's death, Trump's impeachment, and the Pentagon declassifying UFO videos all happened this year, too.A lot has happened in just the past few months. So you'd be forgiven for having forgotten about many of these th...Read More
Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) ("Alianza" or the "Company") is pleased to announce that the private placements of Flow-Through Shares and Units are now fully subscribed and the offerings will close shortly. The Flow-Through Shares were offered at $0.155 per share and the Unit offering is priced at $0.135 per unit, where each [...]Read full newsRead More
Exploring for Zinc, Lead and Silver in Nevada and Titanium in MongoliaRead full newsRead More
The gold mining company's plan has lost its luster.Read full newsRead More
* Discount for cash vs three-month aluminium narrows * More aluminium due to leave LME storage * China data coming into focus (Updates prices)By Pratima DesaiLONDON, Oct 9 (Reuters) - Copper prices rose to two-weekhighs on Friday after talks about financial aid for the U.S.economy restarted, the dollar slipped and miners went on strikein Chile, a top producer of the industrial metal.Benchmark copp...Read More
Shares of gold mining companies are well placed for a win-win outcome from November's U.S. election, according to MBMG Group Managing Director Paul Gambles.Read full newsRead More
Australian gold miner Northern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by market value.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More
The three-month aluminium price on the London Metal Exchange was the standout performer at the close of trading on Thursday October 8, breaching nearby resistance levels amid growing concerns over instability at Malaysian commodities hub Port Klang, while the metal's forward curve continued to shrink into the afternoon.Aluminium's outright price on the LME closed at $1,804 per tonne on Thursday af...Read More
Vale New Caledonia (VNC) will cease operations at the onset of 2021, parent company Vale's chief financial officer Luciano Siani Pires said on Thursday October 8.The news comes exactly one month after the asset's proposed sale to Australian zinc miner New Century Resources fell through.Vale announced its failure to successfully negotiate the sale of a 95% stake in VNC to the Australian miner on Se...Read More
Keith WeinerPosted Oct 9, 2020There was a big drop in the price of silver last Wednesday. Then the price moved up, and down, but mostly up. Let’s look at a graph of the silver price and basis showing Sep 30 through Oct 5, with intraday resolution.(Click on image to enlarge)It’s remarkable how the basis tracks the price, until Oct 5. When basis tracks price, this means the action is pri...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More
Peruvian copper production volumes fell back into decline in August due to lower output from Southern Peru Copper Corp and Antamina, but the country continued to produce more zinc and tin, according to data from the ministry of energy and mines, Minem, published on Wednesday October 7.Peru produced 193,852 tonnes of copper in August, a 10% year-on-year decrease from 215,426 tonnes. Output was also...Read More
Members of the Mine Workers Union at Candelaria, a Chilean copper-gold-silver mine 80%-owned by Lundin Mining, have decided to go on strike after a 5-day mediation for labor negotiations ended without success, the company said late on Wednesday October 7.According to the mining company, the trade union represents about 350 workers. The previous labor agreement with them expired on September 30. No...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More
Vale New Caledonia (VNC) will cease operations at the onset of 2021, parent company Vale's chief financial officer Luciano Siani Pires said on Thursday October 8.The news comes exactly one month after the asset's proposed sale to Australian zinc miner New Century Resources fell through.Vale announced its failure to successfully negotiate the sale of a 95% stake in VNC to the Australian miner on Se...Read More