An aerial view of the Mineral Ridge gold mine, 56 km southwest of Tonopah, Nevada. Credit: Scorpio Gold Scorpio Gold has announced that it has signed a toll milling agreement with Lode-Star Mining for the processing of ore at its 363 tonne-per-day Goldwedge mill.Lode-Star will advance the funds required to add a flotation circuit to the mill which is currently configured with a gravity circuit....Read More
Haywood Securities analyst says Capstone Mining is an undervalued junior base-metals mining stock.Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.Vancouver-headquartered base-metals mining stock Capstone Mining Corp.'s (TSX-CS) results missed third-quarter 2019 analysts' estimates.However, encouraged by cost reductions as well as the progress...Read More
A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.The steel and aluminium tariffs will be set at 25% and 10% respectively and will take effect on February 8, according to the presidential proclamation.A list of targeted goods h...Read More
Base metals prices on the London Metal Exchange were significantly lower at the close of trading on Monday January 27, with the majority of three-month prices across the complex down by some 2% because of continued risk-aversion in commodity markets, with zinc futures leading the retreat to close at a six-week low.Zinc's outright price on the LME closed at $2,249 per tonne on Monday afternoon, wit...Read More
Bank Muscat's Nishant Bhavsar and Ajit Mauskar led Fastmarkets' Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%. In second place for base metals, SP Angel's John Meyer, Sergey Raevskiy and Simon Beardsmore notched an accuracy rating of 97.31%, while Emirates NBD's Edward Bell took third place at 97.11%. Capital Economics' Kieran Clancy was in fourth place with a...Read More
Bob Moriarty ArchivesJan 27, 2020The “Everything Bubble” just burst. Here’s why.I was in Vietnam from July of 1968 until March of 1970. From November of 1968 until July of 1969 I was flying theO-1 Birddogas aForward Air Controller. Back then I used to believe all the bullshit our government puts out. Now when Trump says the Iranians fired missiles at a US base in Iraq and none of...Read More
Jack ChanPosted Jan 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is on se...Read More
Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will not be publishing a portion of its usual base metal futures coverage and will roll some prices accordingly.Due to the closure of Shanghai Futures Exchange trading, the following arbitrage calculations will not be published.Copper import arbitrage, $/tonneCopper import arbitrage, yuan/tonneZinc import arbitrage, $/to...Read More
The risk-off sentiment continued, with the death toll from the virus reportedly rising to 80 people, cases confirmed in further countries including Australia and concerns about the ramifications for economic growth.The gold price rose to about US$1,585 an ounce on the spot market earlier but was last worth about $1,580/oz.Gold major Newmont's (NYSE: NEM) shares hit a one-year high intraday of $45....Read More
Vale said the dam was safe and secure but had been on Level 1 watch due to its proximity to the Sul Superior dam, which remained at Level 3, the most critical level that indicates a dam burst isRead More
UG2 chrome ore prices cif China were steady in the week ended Friday January 24, with trading activity stalled during the Chinese new year holiday, which has been extended to February 2 amid health concerns over the spread of a coronavirus infection.Fastmarkets' chrome ore, South Africa UG2 concentrates index, basis 42%, cif China, was $136 per tonne on Friday, unchanged from the previous week.But...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce a $1.1M CDN purchase order for the Uniden (R) UV350 in-vehicle IoT device, has been received from a major US cellular B2B distributor servicing cellular carriers, first responders and commercial fleets across the United States. Marc Seelenfreund, CEO of Siyata Mobile, comment...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 24.ChinaThe Chinese market maintained its stability with trading activity stalling ahead of the Chinese New Year (January 24-30) The price range for Chinese ferro-silicon was static week on week in a muted export market Europe The European ferro-silicon spot price was steady for a sixth...Read More
CoE Pensions Board director of ethics and engagement Adam Matthews implied though the mining industry had work to do, the investor response had also lagged, describing the need for a catastrophe onRead More
By: Ira EpsteinGold's short to long-term technicals:Read More
Friday's nasty stock-market reversal was the most interesting we've seen in a long while. The ostensible cause of the selloff was mounting anxiety over the spread of the deadly coronavirus from China to the U.S. and elsewhere. Three cases have been reported so far in the U.S. and 2,000 worldwide, and although no one seems to expect a major outbreak in North America, it's not hard to imagine a me...Read More
Gold and silver will remain firm as long unless a vaccine to the Chinese corona virus is found. Treatment is there for the virus but there is no vaccine. The quicker the spread of the corona virus globally the quicker will gold and silver rise. Yen will also fall sharply if the numbers zoom. Numbers (of people affected by the corona virus) are suppressed or fudged globally to prevent a panic. Sp...Read More
Key data from the January 22 and January 24 pricing sessions in London. Key drivers Tight supply of certain brands of cut cathodes and rounds - either well-sold on long-term contracts, or held firmly in trader hands - saw alloy-grade cobalt prices extend their premium over standard-grade units. Some market participants reported an...Read More
Vital Materials' purchase of 3,609 tonnes of indium removes the last of the minor metal supplies once held in the now defunct Fanya Metal Exchange, which enables the company to lock in several years of indium supplies from its own 'surface mine' and at low prices by historical standards.The move from China-based Vital - one of the biggest minor metals producers in the world and a significant produ...Read More
Turkish steel mills held back from deep-sea scrap bookings on Monday January 27, amid talk that they would cut production or resume bookings soon, sources said.A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr late on January 22, which sent the daily scrap indices down by $6.45 per tonne.This was only the second cargo booked i...Read More