Weakness persisted in the seaborne coking coal spot market on Tuesday June 25 with participants in both the China and ex-China segments keeping to the sidelines amid poor demand."End users' interest in seaborne coking coal cargoes is thin amid weakness in the metallurgical coke market," a Chinese trading source said.A second Chinese trader said that offers for premium low-vol hard coking coal rema...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company is a force to be reckoned with following a US$380 million recapitalisation at the end of last year led by Pala Investments. Top drawer investors include JP Morgan, BlackRock, Capital Group, CIBC and Red Kite.The action centres on the underground Pumpkin Hollow copper project near Reno, Nevada, in the Yeringto...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Finally, a changed mining tech M&A landscapeSPONSOREDatricoAccording to Orion's bankable feasibility study, released this week, the project has an NPV post-tax of A$408 million (using a...Read More
Fastmarkets' pricing and research team answers some of the key questions raised during our web seminar, discussing recent price moves in the cobalt market and how industry developments might affect the market - and prices.If you missed it, follow this link to listen to the free recording.By what time do you estimate current excess cobalt supply to be absorbed? We expect this will happen by 2023-20...Read More
Northern China's domestic rebar prices continued to rise on Tuesday June 25 amid surging futures, though the eastern Chinese market held steady.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchangedNorthern China (Beijing): 3,770-3,800 yuan per tonne, up 30-40 yuan per tonneTraders in Shanghai kept prices flat despite rising futures in an attempt to secure more sales.B...Read More
Ferro-silicon prices in China were stable in the week ended Friday June 21, extending a steady run in the market for a fifth consecutive week against firm Chinese futures prices and relatively limited availability in the physical market.In Europe, the market has fallen due to weak spot demand and an increasing number of quarterly deals done below ?,?1,000 ($1,139) per tonne, which has dragged down...Read More
Chrome ore prices dropped again in China and alloy prices weakened globally in the week ended Friday June 21 due to poor demand. Ore prices down for seventh week runningCharge chrome import prices weaken in ChinaAlloy prices dip in Japan, South KoreaEuropean alloy prices slumpUS market flat once again UG2 chrome ore prices in China slid for the seventh consecutive week on Friday after some suppli...Read More
For over four years on both the www.Montrealanalyst.com and www.Canadianmineanalysis.com sites, we have stated repeatedly that the brokerages and bankers have been manipulating the price of gold down to keep it down. Yes, it is illegal and if we or you engaged in the same manipulation, we would be sentenced to prison (the "Big House") for a long "stretch." We also have advised again and again...Read More
Ivanhoe said the combined proceeds of US$514 million (C$679 million) from the CITIC and Zijin Mining investments positioned it to fully finance its $550 million share of capex to bring the Kakula copper mine in the Democratic Republic of Congo into commercial production. The company had announced in April that CITIC would take its investment in Ivanhoe to about US$1 billion with a second inve...Read More
OPEC as we know it is dying.Don't weep - it had a good 54-year run, didn't it?Its history was fraught with infighting, backstabbing, and more cheating than you can imagine. In fact, breaking production quotas had become so commonplace within the oil cartel that it was hard to take its numbers seriously - especially given how closely members guarded their field data.Production doves like Saudi Arab...Read More
Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) is actively advancing a range of gold discoveries, prospects and targets across its 7,400km 2 ground position, located within Namibia's prospective Damara mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. We learned from Heye Daun, who is CEO, Co-founder and Executive Director of Osino Resources, a...Read More
- Stewart Thomson 1. To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.2. Please click here now. Double-click to enlarge this...Read More
- Richard (Rick) Mills North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954. The Federal Open Market Committee (FOMC) concluded on Wedne...Read More
- Gary ChristensonEvery 30 - 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.In 1913:A corrupt congress created the Federal Reserve and reset gold's status. Paper currency units (bad money) eventually drove gold (good money) out of the financial system. Add WWI, the IRS, and League of Nations.In 1944 - 1949:The Bretto...Read More
- Dave KranzlerShort of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn't encounter much price resistance until above $1,500/oz. - Adam Taggart, Peak ProsperityI agree with the statement above from Adam Taggart but an aggressive price attack by the banks who operate the Com...Read More
By: Ira EpsteinGold technical price update - GDX showing weakness, a key reversal:Read More
By Avi GilburtIf you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges.We suggested then that a third wave would commence, thrusting Bitcoin prices much higher...Read More
Bitcoin's impressive rise from the dead has hit 11,467 today, exactly two-tenths of a percentage point from the 11492 target I sent out to Rick's Picks subscribers a few weeks ago. There is further potential to 19,850 if certain conditions are met. Let me show you what to look for.Read More
- Stefan GleasonThe War on Cash isn't a conspiracy theory. It's an open agenda. It's being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy.Last week, Facebook - in partnership with major banks, payment processors, and e-commerce companies - launched a digital currency called Libra. Unlik...Read More