Seaborne iron ore concentrate of some origins continued to trade at premiums compared with discounts for other cargoes last week, while the pellet market stayed tepid. Concentrates Fastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $96.09 per tonne on Friday November 1, up by $1.07 from a week earlier. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fi...Read More
China's domestic hot-rolled coil prices picked up some strength on Monday November 4 on robust trading activity after a stagnant week, though exporters appeared more willing to make concessions amid a pessimistic outlook for demand.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($499-500) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,510 yuan per tonne, up 10 yua...Read More
Trading activity in China's domestic rebar market picked up on Monday November 4 amid flat prices ahead of the China International Import Expo in Shanghai from Tuesday until Sunday.Eastern China (Shanghai): 3,670-3,700 yuan ($521-526) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Rebar futures were trading above last Friday's settlement price of 3,364 yuan pe...Read More
With the exception of those for aluminium and zinc, base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Monday November 4.The lackluster performance comes despite positive developments in United States-China trade negotiations regarding the signing of a "Phase One" deal as well as better-than-expected data that boosted wider risk sentiment heading in...Read More
Aurubis, Europe's largest copper producer, sees the domestic copper cathode market balanced, while the company's multi-metal strategy will see it better adjust to the region's changing trade landscape, chairman of the executive board Roland Harings told Fastmarkets in an interview during LME Week. The German-based producer has had a tempestuous year of change, with a leadership restructuring in Ju...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday November 1. China Key drivers The price of antimony, MMTA standard grade II, ddp China was unchanged for the second consecutive week due to sparse trading activity. Many domestic antimony suppliers held offer prices firm despite thin buying interest, citing the limited availability of ore, while a few were...Read More
South African manganese miner Tshipi recorded a 28% year-on-year drop in net profit in the six months to August 31 due to lower manganese ore prices, owner Jupiter Mines announced on Thursday October 31.Tshipi's net profit for the period - its financial first half of 2020 - was 1.51 billion rand ($101 million), down from 2.09 billion rand in its financial first half of 2019. The miner achieve...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday November 1.ChinaKey drivers The Chinese silicon 5-5-3 export price continued its upward momentum for the second consecutive week against a backdrop of tight supply for the dry season from November to May when refiners in Sichuan and Yunnan provinces halt production due to a lack of cheap hydroelectric power. Domestic Ch...Read More
Weekly Reports |Nov 05 2019The White House has extended waivers on Iran sanctions to companies working in Iran's civil nuclear program for ninety days.-Iran sanctions waivers extended-Uncertainty lingers for uranium-Demand to pick up?By Greg PeelAside from waiting for the recommendations of President Trump's nuclear cycle Working Group and any news on the Russian suspension agreement, the...Read More
Bob Moriarty ArchivesNov 5, 2019Nexus made a strategic decision to offset Burkina Faso exploration risks with some solid projects in safer climes in early 2019. It seems to have caused some confusion among shareholders confused by the shift in direction but I think with time passing the wisdom of the move will seem more obvious. The stock is now pretty cheap for a company with nine different proje...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 5, 2019 Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone. Pleaseclick here now. Double-click to enlarge.Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.The good news is th...Read More
Since March 2013, she was executive vice president of sustainability and external relations for Newmont Goldcorp.Read More
It's a beautiful morning here in rural Maryland. The Baltimore Ravens beat the mighty Patriots of Boston, and the Dow futures are up 124 points. Right now, the DJIA is at 23,382, gold trades at $1,510.20 an ounce, and silver is at $18.18. All is right with the world.Palladium is the big winner this year and is now up to $1,748. And in retrospect, we sold our physical rhodium too soon, as it is now...Read More
Bluestone Resources Inc. (TSXV:BSR, OTCQB:BBSRF) is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects, located in Guatemala. A feasibility study on Cerro Blanco, completed in January (the "Feasibility Study"), returned robust economics, with a quick pay-back and an average annual production projected to be 146,0...Read More
Surge Exploration Inc. (TSXV: SUR, OTC: SURJF, FRA: DJ5C) is a Canadian-based gold, copper, and cobalt explorer, focused on early stage mineral properties in the mining-friendly jurisdictions of Canada and the United States. The Company's projects include 100% interest in the Golden Triangle - Trapper Lake Copper-Gold Property in British Columbia, a 100% interest in the Mineral Mountain Copper-Gol...Read More
In a September report, the World Gold Council (WGC) pointed out that some investors are underexposed to gold. The gist of the study is that investors may assume they have adequate exposure to gold because they're invested in a fund that tracks a broad-based commodity index. The problem with this assumption is that most major commodity indices have a relatively small weighting in gold, and so the...Read More
Keith Weiner, Monetary MetalsNot too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You'd think that everyone would know that donning fake headphones made of coconut shells, and waving tiki torches will not summon airplanes loaded with cargo. At least the people who believe in this have the excu...Read More
- Stefan GleasonAs investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. A strong body of research suggests that artificially changing the time twice a year - forward, then backward an hour - does more harm than good. It leads to sleep disruptions, heightened stress, missed appointments, wasted time (...Read More
By: Ira EpsteinGold support around $1480 area if it were to breakdown. Gold fighting resistance with overbought market, serious resistance..Read More
?EUR? "I've Had This Story for Three Years... (ABC) Would Not Put It on The Air" says Good Morning America Breaking News Anchor, and 20/20 Co-Anchor Amy Robach. "It Was Unbelievable... We Had - Clinton, We Had Everything..."?EUR? Robach: "We Had Her Whole Allegations About Prince Andrew...I Got a Little Concerned About Why I Couldn't Get On."?EUR? Amy Robach Describes How She Interviewed a Woman W...Read More