The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Export prices for Brazilian slab widened downward last week, with producers increasingly on the lookout for other destinations for their products due to shipments to the United States getting closer to exhausting their annual quota.The weekly Fastmarkets MB export price assessment for Brazilian slab was $440-520 per tonne fob last Friday May 24, compared with $510-520 per tonne fob a week earlier....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, Global Ore, 170,000 tonnes of 62% Fe Pilbara...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaExport prices in China rebounded slightly after most exporters raised their offer prices, citing a lack of silicon ore in the country's province of Xinjiang. Sources said the tightness of silicon ore in Xinjiang may be the result of environmental issues affecting mine production in the region. An increase...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaThe Chinese domestic antimony price continued its downward trajectory for a third consecutive week after some suppliers in the country slashed their prices to destock. Other suppliers were reluctant to sell of their stocks because prices had fallen below their production costs. With prices now below produc...Read More
Hudbay Minerals (TSX:HBM)(NYSE:HBM) stock had been on a tear. From November to April, shares doubled in value.After reporting earnings on May 6, however, the stock plunged around 30%.What happened to the market’s optimism for Hudbay stock? Did the dip lead to a great buying opportunity? Let’s find out.Understand the riseBefore we pivot to the latest quarterly results that tanked the st...Read More
Gold has come off the boil, despite fears of a trade war between the U.S. and China emerging. The yellow metal has fallen by roughly 5% since hitting a one-year high of over US$1,343 an ounce to be trading at US$1,278 per ounce. This has caused gold-mining stocks to soften, creating an opportunity for investors to acquire quality junior miners with considerable potential upside.High-quality, large...Read More
Nutrien (TSX:NTR)(NYSE:NTR) just raised its dividend for the second time in the past six months, and investors are wondering if this is a signal to buy the stock.Investor bonusNutrien increased the dividend at the beginning of the year from US$0.40 per share to US$0.43, supported by strong 2018 results and a positive outlook for 2019. The board just raised the payout again to US$0.45 per share, re...Read More
A short but tumultuous trade spat appeared to conclude in May as Canada lifted its retaliatory tariffs on the United States. The U.S. followed suit, lifting its penalties on steel and aluminum from Canada and Mexico. Both countries said that they would not accept a deal that called for fixed quotas, though the U.S. reserves the right to request consultations before imposing duties at the same rate...Read More
Weekly Reports |May 28 2019Sellers continue to chase down ever more empowered buyers in an ongoing weak uranium market.-Uranium spot price continues to fall-Rio Tinto may shut down Rossing-US production falls dramaticallyBy Greg PeelIt was Groundhog Week last week in the uranium market. With utilities largely out of the market pending a section 232 decision, sellers continue to lower prices in ord...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 28, 2019 The fear trade for gold continues to gain fundamental strength.The technical picture is also solid.Pleaseclick here now.Double-click to enlarge.Gold is poised for significant upside action in the second half of this year. A large bull wedge is in play as institutional invest...Read More
Berkeley said it was not aware of any information that could explain the trading, instead highlighting recent municipal elections in Retortillo, Spain, that saw the People's Party win four of the five council seats.Berkeley is developing the Salamanca uranium project in the region.The People's Party platform includes plans to run nuclear plants for as long as the regulator deems them safe, as well...Read More
Last week I told you the secret to success was going into massive debt and then digging your way out. If you make it, then you will have the resources to continue to live large. If you don't, you will be bankrupt.Debt, like a screwdriver or a chainsaw, is a tool. When I was a boy, my dad had a spring-loaded screwdriver called a push drill driver. You push down and the screw turns. It didn't work v...Read More
StrengthsThe best performing metal this week was palladium, up 1.49 percent as UBS published a report outlining its positive view on the precious metal; hedge funds raised their net long position in the metal after touching an eight-week low. Gold traders and analysts were neutral on their outlook for gold as a stronger U.S. dollar offset potential haven appeal, according to the weekly Bloomberg...Read More
By: PlungerIn this report we will look at the state of the stock market and update the condition of a potential bottom in the gold space.Sell in May and Go AwayYou have all heard this Wall Street ditty before and it is now upon us at this moment. Despite this old market rule being an established truism, few actually use it to make money. Instead the daily market action draws investors back i...Read More
COLORADO SPRINGS, Colo., May 28, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system. High-grade mineralization intercepted 175 meters along the northern strike and 200 meters up-dip in vertical elevation significantly expanding the Arista Mine. Drill intercepts include 11...Read More
How to avoid becoming collateral damage in the coming crashBy: Adam TaggartSometimes you really do find enlightenment at the top of the mountain.I spent this week hiking in Montana's Bitterroot mountain range, as a participant in the pilot run of a new personal-growth-through-adventure-travel startup.In our group was a famous professional cyclist, who had been a superstar on the Tour de France...Read More
DaBoyz showed a deft touch as the week drew to a close, guiding the broad averages to a respectable close even thought there were no buyers around. Stocks often soar ahead of summer holidays, but this Memorial Day weekend they seemed challenged merely to stay in positive territory. Although there were no aggressive bids in evidence, especially for tech stocks, neither were there any urgent selle...Read More
Gold will break free from $1270-$1298 range and form a new range anytime soon. Silver needs to trade over $1419 to be in long term bullish zone. Crude oil needs to trade over $57.00 to rise to $63.00 this week. Apprehensions that an all out global trade war will reduce demand for crude oil has resulted in the fall. Crude oil is just a speculative play. Supply pressures from Venezuela, Iran and L...Read More