Earlier today a staff member inadvertently posted an offensive cartoon on my social media. I do not make my own social media posts and when I discovered the mistake it was immediately deleted. Continue...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
Prices in the steel billet export market in the Black Sea region continued to fall on Tuesday July 3, with customers in the major outlets still showing little interest in imported material.Metal Bulletin's CIS billet export index was $510 per tonne fob Black Sea on Tuesday, down by $6 per tonne day-on-day.Offer prices of the material varied mainly within the range of $515-520 per tonne fob Black S...Read More
In my view, the rout in EM currencies is due for a sharp technical reversal. To understand this coming EM currency rally, we need to understand some fundamentals about foreign Continue...Read More
Gold enjoyed one of its best trading days in months on Tuesday, bouncing off its 2018 low struck on Monday. Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of $1,258.50 an ounce in the morning.Surprisingly brisk pre-holiday trading saw 28m ounces exchange hands, pushing the metal up 1.3% from yesterday's settlement price. The recovery came afte...Read More
The dollar constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions.Continue...Read More
Canada has catalyzed the conversion of the Midas Letter from a mining centric to a broader multimedia digital platform that are now focused on video production. Recently they have focused on the hottest markets. Lately, that has been the cannabis industry. Canada has stolen the spotlight for this market, and they are working on a documentary about it. Midas Letter has launched a series of indexes...Read More
(Bloomberg) - Sibanye Gold Ltd. said gold output in South Africa will be 6 percent lower than expected this year while costs will be higher, after a series of fatal accidents disrupted operations.There have been 21 people killed at Sibanye's South African mines this year, nearly half of the total 47 reported deaths across the local industry. The company is addressing the issue with "utmost urgency...Read More
According to a report by Aljazeera news, Saudi Arabia is prepared to utilize its spare production capacity when necessary to deal with any future Continue...Read More
Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years.After a corruption trial, the outspoken entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that ended four years ago, was found guilty of bribing former R...Read More
Facebook shares are down after it was revealed for the first time that Facebook is still under investigation over its part in the Cambridge Analytica Continue...Read More
Press release from Newmont MiningNewmont Mining Corporation (NYSE: NEM) achieved commercial production at its Twin Creeks Underground expansion project located in Nevada. The company says that Twin Creeks Underground mine will add between 30,000 and 40,000 ounces of gold production per year at all-in sustaining costs of between $650 and $750 per ounce for its first five years of production. This n...Read More
The Trump administration plans to do away with what some would consider to be racist affirmative action guidelines that encourage considering race Continue...Read More
Prices for rebar in the United Arab Emirates were stable this week with demand being low for seasonal reasons, sources told Metal Bulletin on Tuesday July 3.Construction activity is at a very low level in the heat of summer, and demand is not expected to improve any time soon, sources said.Domestic rebarMajor rebar producers in the UAE rolled over their rebar prices again on June 29 and prices are...Read More
A Voisey's Bay cobalt production agreement is finalized.Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) recently announced the completion of an acquisition of a cobalt stream from a subsidiary of Vale S.A. Under the agreement, Wheaton has the right to receive an amount of finished cobalt equal to a fixed percentage of cobalt production from the Voisey's Bay mine.Wheaton paid US $390 million to V...Read More
Analyst Andrew Mikitchook with BMO Capital Markets reported his findings from a recent site visit to the Yukon's likely next operating gold mine. Victoria Gold's Eagle Gold ProjectIn a June 26 research note, Andrew Mikitchook, a BMO Capital Markets analyst, indicated that Victoria Gold Corp. (VIT:TSX.V) continues construction at its Eagle gold project in the Yukon. "We are encouraged by construct...Read More
Rigs have started turning at the project in British Columbia's Golden Triangle. Golden Ridge Hank ProjectGolden Ridge Resources Ltd. (GLDN:TSX.V) has begun drilling at the Hank project located in the province's Golden Triangle.The company last week received authorization from the British Columbia Ministry of Energy, Mines and Petroleum Resources to drill. The agency allotted the company a maximu...Read More
China's domestic rebar prices kept dropping on Tuesday July 3 amid weak demand. Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($593-599) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,860-3,900 yuan per tonne, widened downward by 10 yuan per tonne Bad weather led construction sites to shorten their working hours, which sapped demand for rebar, a trader in east China said. The...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:MATAUDDescriptionMatsa Resources are a gold focused junior near-term producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial07/03/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$22.18M$22.18M07/03/2018$0.00MTotal Assets:$17.98M$17.98M07/03/2018$0....Read More
Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source. The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy. Mainten...Read More