China's domestic hot-rolled coil prices weakened on Thursday August 20, but a mill was reported to have secured an order from South America at a price above prevailing levels.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($587-589) per tonne, down 10-20 yuan per tonnePrices weakened on Thursday after downstream buyers held back from placing orders in response to HRC futures tumbling during th...Read More
China's domestic rebar prices continued to drop on Thursday August 20 amid falling futures and the release of data showing high steelmaking rates.Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($523-527) per tonne, down by 20 yuan per tonneThe weakening futures market caused buying interest in the spot market to fall, which dragged down prices as well.The country's National Bureau of Statisti...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 19. Key driversDomestic suppliers held their offer prices firm and showed reluctance in compromising after continuous gains in futures prices on the Wuxi Stainless Steel Exchange buoyed market sentiment this week.The comparatively limited availability of tradable spot cargoes also contributed to the strength in the metal's...Read More
An overview of the minor metals markets andthe reasons for any price moves.(This article was first published on Wednesday August...Read More
On August 19, the S&P500 Index reached a record high — erasing all the losses that it saw earlier this year due to the COVID-19 crisis. The U.S. stock market benchmark surpassed its previous all-time high of 3393.52 by a very narrow margin on Wednesday as it posted an intraday high of 3399.54.At 11 AM ET on Friday, the index was hovering at 3388 — not far away from its record high....Read More
Bob Moriarty ArchivesAug 21, 2020We are in the correction thata few people accurately predicted. My gut tells me it will go into September but since the DSI predicted the top, I think the DSI will call the bottom. We have not had an all time high in either gold or silver but we did have something investors can trade. I’d like to point out something important to investors. Liquidity is a gian...Read More
The 30c units have half-warrants attached entitling the holder to buy an additional 70c share within two years.Aldebaran, spun out of Regulus Resources in 2018, says its two biggest shareholders, Route One Investment Company (49.48%) and Sibanye Stillwater (19.9%) have indicated they will take up their pro-rata share of the placement.Aldebaran is working on a new mineral resource estimate for its...Read More
The company reported a net loss after tax of US$182.7 million, including a loss of $158 million attributable to equity holders, due to COVID-19, lower commodity prices and sales volumes."The recent recovery, while welcome, does have a degree of uncertainty to it," MMG CEO Geoffrey Gao said on a conference call.Revenue fell 14% to $1.19 billion, while net cash generated from operations rose 26% to...Read More
Mastermyne CEO Tony Caruso said the company started FY21 well positioned with a record order book and a strong pipeline of projects."Like last year we will focus on our operating discipline while investing in growth of our business through whole-of-mine projects and expansion into other commodities," he said."With this order book, pipeline and growth strategy we are set up for another excellent ye...Read More
Independent financial analyst Matt Badiali presents the investment case for copper. Copper will be the next metal to break out in 2020, and it's all about demand.The price of copper just broke through $3.00 per pound. The red metal's price rose 45% so far in 2020. But that is still well below its 2011 high of $4.50 per pound. That could change in the second half of this year. The reason for coppe...Read More
The zone's significance, the updated resource highlights and Troilus Gold's next steps are discussed in a Haywood report. In a July 29 research note, Haywood analyst Pierre Vaillancourt reported that the Southwest zone at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus property in Quebec "makes the difference" in the updated resource estimate and, potentially, the project.He also noted that H...Read More
Generation Mining achieves this result during phase 1 of its current metallurgical testing program. In a news release, Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN.F) announced at its Marathon Palladium project in northwestern Ontario it "successfully completed bench-scale metallurgical test work, resulting in a favorable and significant increase to projected Platinum Group Metals (PGM) and...Read More
A Fibonacci .618 retracement is a common reversal point in the markets Fibonacci numbers follow a sequence that begins with 0 and 1, and each subsequent number is the sum of the previous two (0, 1, 1, 2, 3, 5,8, 13, 21, 34, and so on).After the first several numbers in the sequence, the ratio of any number to the next higher is approximately .618 to 1; its ratio to the next lower number is approx...Read More
The story of how an inner city liquor store grew its business serves as an example of what sector expert Michael Ballanger calls " a compelling revelation of 'academics versus practicality.'"In watching the travesty of disinformation, misinformation and moral hazard formation ongoing in the global financial markets, I am immediately reminded of a case study from my university days of whi...Read More
Warren Buffett did whathe said he’d never do, and that is buy gold - not the physical metal, nor anETF, but a gold mining stock. Buffett and/or his holding company's managers choseABX, as it is known in Toronto, or GOLD, on the New York exchange. Thesurprising trade is highly symbolic given Buffett’s previous ferventlyanti-gold public statements. Last Friday the Oracle ofOmaha&rsq...Read More
Right now, we may be nearing another buying opportunity...Patrick Kim interviewed on Palisade RadioTom welcomes Patrick Karim back to the show to discuss his latest charts that focus on silver and gold. Patrick is a proprietary capital manager and chart trader.Patrick discusses various historic technical patterns and how they may repeat in his coming bull market. He expects $2300 gold within a cou...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The company reported a net loss after tax of US$182.7 million, including a loss of $158 million attributable to equity holders, due...Read More
Markets were for the most part upbeat this morning, Friday August 21, with all of the base metals on the London Metal Exchange firmer, as were most Asian-Pacific equities, although they are firmer within consolidation patterns.But after the accelerated gains at the start of the week, with the S&P 500 regaining all the losses suffered from the coronavirus hit and with the base metals now on average...Read More