"Calls have outpaced puts by between two and three times to one today, and what really jumpedContinue...Read More
The price of steel hollow sections in Europe continued to move downward on Wednesday June 24 with the market remaining weak, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?535-550 ($604-621) per tonne on Wednesday, down from ?,?540-560 per tonne tonne a week earlier."Prices are slightly lower but demand is pickin...Read More
Troilus Gold's most recent drill results at its past-producing Quebec project are discussed in a Stifel GMP report. In a May 15 research note, Stifel GMP analyst Tyron Breytenbach reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) new model of the past-producing Troilus gold project in Quebec "uncovered high-grade gold the base metal miners neglected."Breytenbach reviewed results of Troil...Read More
GoldMining Inc. is making the move to provide additional shareholder value and sees the new royalty company as a complementary platform to its future acquisition and development plans. GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) announced in a news release it created a gold royalty company named Gold Royalty Corp. to "expose existing shareholders to an additional and distinct form of value enhancemen...Read More
That work allows Outcrop Gold to create a predictive high-grade shoot and vein model of the target. Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCMKTS; MRG1:FSE) announced in a news release the final results from its phase 2 drilling of the La Ivana target, now completed, at its Santa Ana project in Colombia.Highlights intercepts of the final two holes included 0.37 meters (0.37m) of 14.15 grams per to...Read More
Nexus Gold's rock sampling showed visible gold with significant grades at the Dakouli II project and it plans to drill this summer. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release that the mineralization at its Dakouli II 9,800 hectare gold concession in Burkina Faso, West Africa, is widespread, and samples have returned double digit grades.The Vancouver, British Columbia-ba...Read More
Goldcliff Resource believes that Nevada Rand project has "district scale potential to host disseminated bulk tonnage gold deposits along with discreet, very high grade silver/gold sweet spots." In a news release, Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) announced its conclusions from reviewing and analyzing the results of exploration work it did at its Nevada Rand project in the Silver...Read More
This takes the number of stacked, prospective gold host horizons at Liberty Gold's Black Pine project to three. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) discovered a third high-grade oxide gold zone, D-3, at its Black Pine project in Idaho, it announced in a news release. The Vancouver-based company made this discovery in the first results of its 2020 drill program at Black Pine. The new D-3 zon...Read More
Aben Resources plans to start up its 2020 field program in early July at its Forrest Kerr Gold project located in the Golden Triangle region of British Columbia. Aben's Forrest Kerr Gold ProjectGold exploration company Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB), in a news release, provided an update regarding its plans for commencing its 2020 field program at the Forrest Kerr Gold project locat...Read More
Stewart Thomson, Graceland Updates 1. With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.2. Please click here now. Double-click to enlarge. The $1800 area is significant resistance and gold arrived at this resistance zone as its weak price season began. 3. Rather than selling of...Read More
By: Ira EpsteinGold in an up thrust. Gold at a new high close, highest level since 2012:Read More
Long-term Trend AnalysisSilver faces very heavy overhead resistance from $18 all the way to $21 which means that it is going to be tough going and take significant effort for Silver to reach let alone breach $21. Whilst there is strong support at $16 and $14.5 (ignoring the crash low of $11.64). Therefore as was the case in January the long-term chart continues to warn to expect Silver to mark tim...Read More
Donald Trump appears tohave torn a page from Ahead of the Herd’s manual for recharging the USeconomy. In an earlier article we said what the globaleconomy really needs, in this low-growth, spending-stalled environment broughtabout by the pandemic, is a push - something big that will attract hugeamounts of investment, and workers. As we have suggested, this could be a massiveinfrast...Read More
The economic pressures and concerns within the global marketshave not abated just because the US Fed has ramped up the printing presses.Inversely, the stock market price levels may be elevated based on a falseexpectation of a quick recovery and of future expectations that may be veryunrealistic.In terms of technical analysis, Gold has set up a very interesting sideways basing pattern after recentl...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 24 that are worth another look.The threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, 'Jaws: The Revenge,' returned - akin to a truly awful horror movie franchise.The Materials Services trading arm of...Read More
Wepreviously wrote that while it was tempting to bet on crude oil’s prices due totheir weakness, it was not a good idea from the risk to reward point of view,as black gold didn’t invalidate the breakout above the early-March high. And itwas definitely a good idea not to enter a short position then either – crudeoil moved higher since that time. Atthe moment of writing these words...Read More
European producers of hot-rolled coil have raised their domestic prices despite trading activity remaining scarce, sources told Fastmarkets on Wednesday June 24.Some market sources questioned the success of the increase because demand levels do not support a price recovery. Others, however, believed that buyers will have to accept slightly higher prices due to high raw material costs and a lack of...Read More
In recent issues of Seasonal Insights, my colleague TeaMuratovic and I shared our analysis of global stock markets with you. Today I want to put a popular precious metal under the magnifying glassfor you: silver.Silver, often referred to as the "little brother" of gold,has a particularly interesting seasonal pattern I would like to show to you. Silver's seasonality under the magnifying g...Read More
Nickel premiums in all regions traded flat in the week ended Tuesday June 23, with demand for the metal being weak in all global markets.Negative arbitrage between the London Metal Exchange and Shanghai Futures Exchange kept China trade subduedUptick in European briquette inquiries on SHFE deliverability from October failed to result in higher premiumSubdued spot trade steadied US nickel premiums....Read More