"Coronavirus will bankrupt most #airlines by the end of May unless governments and the industry take coordinated action, an aviation consultant warned https://t.co/RWt22vphFJ"Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index joined world markets in a steep plunge that reacted to the deepening economic impact from the coronavirus which has now been declared a worldwide pandemic. The Index fell 216.27 points or 20% and ended the week at 870.41, a level not seen since th...Read More
"Gold Rush Days: The 126th Annual Celebration Of Mining, Americana And The Wild West Comes to Colorado https://t.co/oeIXeUfWmS"Read full newsRead More
Last year, Wesdome Gold Mines (TSX: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 oz. gold while decreasing cash costs by 9% to US$621 per ounce.The company also increased reserves at Eagle River by 36% while boosting reserve grades 20%. The latest reserve number for the operation is 1.2 million tonnes grading 14.4 grams gold per tonne for 550,000 oz. go...Read More
Neo Lithium (TSXV: NLC) has produced battery grade lithium carbonate at its pilot plant in Fiambal?? using concentrated brine from its wholly owned Tres Quebradas lithium project in Argentina.The junior said the brine was extracted from the high-grade zone located in the northern area of Tres Quebradas and then evaporated at the company's industrial-scale ponds at the same location.No chemical rea...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More
I got pelted with garbage after the last (bearish) update was posted on the 1st because right after, gold zoomed back up following a $75.80 plunge, as we can see on its latest 3-month chart below, and this "swansong rally" even made it to a marginal new high, but it did not negate the bearish implications of the late February plunge. In the last update it was written "This kind of massive smackd...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-13, 2020$USA $EDV.to $EQX.to $FSM $FNV $WPM $KGC $MAX.to $OSK.to $PVG $NVO.V America's Gold and Silver Corp: Reported FY 2019 production of 5.8m AgEq oz, though only 1.2m oz. of that was actual silver ounces, the rest being base metals converted to silver equivalent. 2019 was a transition year for the company as it r...Read More
Richard (Rick) Mills, Ahead of the herdOne of the worst weeks on Wall Street mercifully ended on Friday.S&P 500DJIANasdaqAfter multiple sessions of panic selling, the markets caught an up-draft after US President Trump declared a national emergency over the coronavirus, thus freeing up $50 billion in federal aid to help contain the rapid spread of the pandemic. As stocks accelerated gains in...Read More
Gary Tanashian, NFTRHBelow is a monthly chart of HUI telling some stories of the past.The 2003 to 2008 bull rally ended with Huey's "crown of thorns" as I used to call it back then. An H&S that formed at the end of a great inflationary phase in the markets.The great crash of 2008 (Armageddon '08) was completely deserved because as I've belabored for so many years now, you don't buy gold stocks...Read More
Dear Friend of GATA and Gold:How much of last week's smash in monetary metals prices was caused by what seems to be the primary explanation for it -- selling required to meet margin requirements for positions in other markets that were falling amid the worldwide virus panic?Surely there was some of that, but suspicion also must fall on governments and central banks seeking, as they long have don...Read More
Europeans are feeling like President Trump just dropped a COVID-19 economic bomb on the European Union. In response to his March 11th talk from the Oval Office, EU leaders said they did not see this coming. Was this a COVERT economic attack on the EU as some in the EU think?If you break down what President Trump said and did, it smells a bit like economic warfare that has capitalized on the coro...Read More
By: Ira EpsteinT.A. LOOK: Gold monthly chart: momentum pointing down, trend is up. Weekly chart: $1,535 / 18 week moving average was the support and it basically hit it on Friday. Weekly uptrend is over. Does not mean the market is bearish..Read More
Policy ShocksMy Best Guess on the FutureA Consumer-Led RecessionDon't Ask, Don't TestOne Major CaveatThe Right ThingNew York and Back to Puerto RicoI write this letter early Friday morning after a week in New York visiting with many fellow market participants. And lots of phone calls, both to analysts and medical experts. I had originally planned a completely different letter but circumstances c...Read More
Italian long steel producer Feralpi Group has announced the closure of one of its mills, starting from March 16, due to the outbreak of 2019-nCoV coronavirus, the company told Fastmarkets on Friday March 13.On March 11, Italian authorities issued another decree intended to help restrict the spread of the coronavirus infection, tightening the lockdown across the country from the conditions set out...Read More
Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on Thursday March 12.On March 11, Italian Prime Minister Giuseppe Conte signed a decree tightening the Italian lockdown from the conditions set out in a previous decree on March 9. While...Read More
Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.The miner made it clear, however, that "as of today, we have not suffered any material impact to our operations, logistics, sales or financial position, nor [have] any of our employees tested p...Read More