The UG2 chrome ore price fell again on Friday April 12 after activity lessened due to market participants waiting for Chinese mills' next ferro-chrome tender releases; meanwhile falling demand pushed down the high-carbon ferro-chrome assessment in Europe. UG2 and Turkish lumpy ore prices in China drop Domestic alloy price in China weakens Alloy markets in Japan, South Korea, Europe fa...Read More
China's largest steel mill, Hebei Steel, has concluded its ferro-silicon tenders for March and April at levels below those released at the start of the year and close to alloy production costs. Hebei Steel's latest tender price for April is 6,250 yuan ($932.14) per tonne, for about 2,775 tonnes of ferro-silicon, according to sources. Hebei Steel's tender price for March was 6,200 yuan per tonne fo...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
Marijuana and tech stocks maybe the hottest new investments that have created multiple millionaires in recent years, but it is junior gold miners that offer similar if not more potential with less risk for investors seeking outsized returns. The heady days of the 70s and 80s when massive mining booms were minting millionaires virtually overnight may have come to an end, but there are many gold pro...Read More
Looking for a reliable income producing investment that bolsters the defensiveness of your portfolio and helps to hedge against risk as well as growing economic uncertainty? Look no further than precious metals streamers.The latest sharp pullback in gold and silver has created an opportunity for investors to boost their exposure to precious metals and protect their portfolios against a looming e...Read More
From electric vehicles to insecurity about recession to a novel spin on Brexit investment, there's a lot to be said for getting into precious metals. Let's break down the stats for several of the best gold stocks before heading over to two tech-centric plays for a capital gains investor.Brexit investors should be going for gold With a temporary reprieve from Brexit, the British economy is still c...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
The current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the obviously deteriora...Read More
FOR SEVERAL YEARS WE HAVE STATED THAT THE PRICE OF GOLD IS BEING MANIPULATED BY THE BANKERS, CENTRAL BANKERS AND BROKERAGE HOUSES. WHY DO THEY DO IT? BECAUSE IF GOLD MOVES MUCH ABOVE THE $1300 RANGE IT IS AN INDICATION THAT INFLATION IS MORE THAN THE 1% TO 2% IT IS REPORTED TO BE, INTEREST RATES WILL RISE AND IT WILL CAUSE THE STOCK MARKET TO DECLINE. SO THE MANIPULATION W...Read More
Vale (BZ: VALE3) said earlier a court ruling meant it could fully restart its Brucutu operations, which would return 30 million tonnes of production annually, however it did not lift its revised sales guidance due to heavy rains in March and April impacting production elsewhere. Vale closed 3.45% higher in Brazil but Australian iron ore miner Fortescue Metals Group (ASX: FMG) was down 6.7% at...Read More
The pair petitioned the US Department of Commerce under Section 232 of the Trade Expansion Act of 1962 in January 2018, seeking a 25% quota in America's nuclear market for domestic production and a "buy American" policy for US government entities that use uranium. They said the DOC had submitted its report to the White House on April 14 and president Donald Trump had 90 days from then to act...Read More
Prospecting on the Alder Zone at the Wilding Lake gold project in central Newfoundland. Source: Altius Minerals Corp.Altius Minerals Corp. [ALS-TSX; ATUSF-OTCQX] said Wednesday April 17 that it expects to have record attributable royalty revenue of $21.5 million (50 cents a share) for the quarter ended March 31, 2019. That marks an increase of 36% increase from the comparable quarter in 2018, and...Read More
Larry Reaugh, President & CEO of American ManganeseAmerican Manganese Inc. [AMY-TSXV, AMYZF-OTCPINK] on Wednesday April 17 unveiled a company innovation for recycling cathode materials from spent lithium-ion batteries.It is called RecycLico Patented Process."As pioneers in the advanced lithium-ion battery recycling market, American Manganese and its RecycLiCo Patented Process aim to promote a...Read More
"The Aussies are scared, and they should be." Those words floated over to me earlier this morning. At first, I thought my colleague Christian DeHaemer was talking to himself. The sun was just barely peeking out over Baltimore's harbor, and the first drops of coffee were still dripping into the pot. "When Trump closes that deal, Keith, just watch them panic," he continued, "and we're gonna get nice...Read More
By: Dave KranzlerThe current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the...Read More
COLORADO SPRINGS, April 17, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2019 of approximately 6,538 ounces of gold, 364,653 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in O...Read More
By: Craig Hemke, TF MetalsSix years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We've been writing about this for months...Read More
"A bully is always a coward."~ Thomas Chandler HaliburtonThe current market rally is like a playground bully; shoving to the ground anyone in its path.But like all bullies, the braggadocio belies an underlying cowardice.Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.Unnatural ActsIn re...Read More
By: IRA EPSTEINRead More
Andrew Wray Appointed President and CEOTORONTO, April 17, 2019 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announced today that Sam Coetzer will be leaving the Company as of April 30, 2019, and that the Board of Directors has appointed Andrew Wray as President and Chief Executive Officer, effective May 1, 2019."Aft...Read More