Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Monday July 15 with aluminium, zinc and nickel ticking upward, while the rest weakened.Nickel was the outperformer of the SHFE complex, exhibiting similar strength to that of the London Metal Exchange's three-month nickel price at the end of last week.The most-traded August nickel contract on th...Read More
Key data from the pricing sessions in Asia, Europe and United States for the week ended Friday July 12. United States Key drivers Discounting reported, due to the annual dip in end demand coinciding with the need for suppliers to clear their books for mid-year accounting. Automakers' business continues to fall, lowering their demand for secondary aluminium alloys made with silicon.&nb...Read More
Fastmarkets reporters present six main takeaways from the Lithium-ion Battery & Material Supply Chain conference hosted by Shanghai Xinluo Network Technology in Qiandaohu, China, on July 11-12. 180,000 yuan per tonne for cobalt metal a 'good price to restock' Chinese cobalt metal buys should top up inventories when prices in China drop to 180,000 yuan per tonne ($10.52 per lb, less China-VAT), tra...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday July 12.ChinaKey drivers The price action of antimony MMTA standard-grade II, ddp China, stalled last week after many domestic suppliers refused to lower offer prices due to limited available stocks at plants. Some domestic antimony suppliers in Hunan province in central China were heard to have suspended their product...Read More
Prices for alloy-grade cobalt fell closer in line with those for standard-grade metal last week after sellers revised their expectations for premiums for certain brands and shapes to shift units. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam, fell to $12.65-13.10 per lb, on Friday July 12, down by 3.6% from $13.05-13.65 per lb a week earlier. Over the same period, Fastm...Read More
The Northern Miner has compiled a list of the top-10 base metal and uranium juniors - with no production, and which are not a royalty company - headquartered in Canada, arranged by market capitalization as of early July. 1. IVANHOE MINES$4.5B market capRobert Friedland's Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) sits atop the top-10 list for the third year in a row, and up $2.5 billion in market ca...Read More
I will be hosting the 1st ever Peter Schiff Bitcoin challenge live on my Youtube channel on Monday July 15th at 9 PM EDT. If you think you can change my mind on Bitcoin, here's your chance. Bring your best argument and be prepare to defend it.Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 16, 2019 It’s the ultimate “no-brainer” that serious American GDP growth (in the 6% range or higher) can only happen by eliminating the PIT (personal income tax) for the middle class. QE and low interest rates incentivize pathetic levels of debt-oriented GDP growth w...Read More
The 55¢ financing consists of a share and half a warrant exercisable at 85¢ for three years, with the proceeds to be used for exploration and development activities. AngloGold currently owns 14.3% of Pure Gold's stock.The company is advancing its Madsen gold project in Red Lake, Ontario, Canada, on which it completed feasibility study in February to produce 80,000 ounces a year over a 12...Read More
With more than $5.Read More
The State of Play: Delivering strategy and innovation report by VCI analysed 399 of the world's largest mining and services companies, including Rio Tinto, BHP and OZ Minerals.Read More
The Canadian Mineral Industry Federation, which comprises more than 20 associations, said the country's mines ministers "must be bold" to attract greater investment and enhance competitiveness.The CMIF proposed a series of recommendations, including conducting a strategic review of Canada's tax regime to boost its investment attractiveness, to coincide with the 76th annual Energy and Mines Ministe...Read More
Hanging cockeyed off a ladder with an impact driver in one hand and a socket wrench in the other, sweat dripping in my eyes and the dogs running off with my instructions, I wondered, not for the last time, what I was doing...My beautiful wife has recently discovered the bargains available on Facebook (NASDAQ: FB) marketplace. If you don't know, Facebook has usurped the Craigslist space for classif...Read More
- Dave Kranzler"I don't think it's any coincidence that gold runs from $1285 to as high as $1445 around the time that all the news about Deutsche Bank started coming out" [the failure to merge with Commerzbank followed by the "good bank / bad bank" split announcement].It was reported by Bloomberg that Deutsche Bank clients - mostly hedge funds - are pulling $1 billion in capital per day from t...Read More
The market is now at record highs, and unemployment is way down. Even so, a U.S. rate cut is expected as early as this week. During his congressional testimony last week, Federal Reserve Chairman Jerome Powell raised concerns over slower global growth and trade tensions, which in turn have contributed to weaker demand and manufacturing activity. The most recent Global Manufacturing Purchasing Ma...Read More
Keith WeinerLast week, we looked at the idea of a national balance sheet, as a better way to measure the economy than GDP (which is production + destruction). The national balance sheet would take into account both assets and liabilities. If we take on another $1,000,000 debt to buy a $1,000,000 asset, then we have not added any equity. This is so, even though assets have gone up. But unfortuna...Read More
July 16, 2019,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce gold and silver production totaling 2,837 gold equivalent ounces (2,580 oz gold and 18,051 oz silver) during the month June and initial results from its Heap Leach Pad Study at the Moss Gold Mine, located in Northwest Arizona.Kenneth Be...Read More
Clint Siegner The federal government will soon run up against its self-imposed borrowing cap once again.Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now.Treasury Secretary Steve Mnuchin has been fulfilling what seems to be the most sacred...Read More
By: Jordan Roy-ByrneGold and gold stocks especially continue to shrug off bits and pieces of bad news.No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day.Strong headline jobs number? Again, the weakness was a buying opportunity.This past week there was more. The June CPI report came in hotter than expected, which could mitigate the degr...Read More
StrengthsThe best performing metal this week was platinum, up 2.46 percent. The yellow metal jumped on Wednesday after Federal Reserve Chairman Jerome Powell's comments spurred bets on a cut in interest rates later this month. Powell said concerns over trade and global growth continue to weigh on the domesti...Read More