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Gold, Silver Prices Sink To 2-Mo. Lows On Firmer U.S. Dollar, Bearish Charts

March 01, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

BAUXITE & ALUMINA CONF: Noranda working to cut bauxite shipment costs from Jamaica

March 01, 2018 / www.metalbulletin.com

Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More

"Blockchain Inevitably Will Overcome Us" --Goldcorp CEO

February 28, 2018 / www.kitco.com

Mar 01, 2018 Guest(s): David Garofalo President and CEO, Goldcorp Blockchain technology will eventually be ubiquitous, like the internet is, and extend its applications from exclusively financial services to general merchandise and services, said David Garofalo, CEO of Goldcorp."[Blockchain] will drive out transaction costs, and also help track the provenance of our transactions, whether it's ou...Read More

LME sets $1 OTC booking fee payable from June 1

March 01, 2018 / www.metalbulletin.com

The London Metal Exchange will introduce a financial over-the-counter (OTC) booking fee, which will be payable from June 1, the exchange said on Thursday March 1. Following a consultation period with the market, the exchange announced on Thursday that it will set a OTC booking fee of $1 per equivalent LME lot which will be paid by financial institutions for each OTC trade executed in place of an L...Read More

Texas University No Longer Wants Its Gold

March 01, 2018 / www.kitco.com

(Kitco News)- Gold's luster is starting to tarnish for the University of Texas, as its endowment fund said that it is reviewing its gold holdings, worth about $1 billion, according to Bloomberg News.The Bloomberg article quoted Britt Harris, the new chief executive officer at Utimco, saying, "We're in no rush to sell, but it may not be a long-term strategic hold."The comments were made d...Read More

Embracing commerce and economic opportunities raises living standards and incomes for Fort McKay First Nation members

January 01, 1970 / www.fraserinstitute.org

"Community capitalism" is the term used here to describe a politico-economic system in which a First Nation uses its assets (land, location, natural resources, and money) to generate income and provide social services for its members. The Fort McKay First Nation (FMFN) furnishes an important case study of community capitalism. As a result of its remarkable success, its characteristic features stan...Read More

Feb 27 Uranium week: Stalemate

February 27, 2018 / www.fnarena.com

Weekly Reports |Feb 27 2018The buyers are lined up in the uranium spot market but are not prepared to meet prices on offer.-Utility demand driving off sellers-Buyers not paying up-US uncertainty continuesBy Greg PeelLast week there were two non-US utilities awaiting offers in the uranium market, industry consultant TradeTech reports. Of note is one utility seeking a total of 1.02mlbs U3O8 to be de...Read More

Shanghai-bonded nickel stocks jump in February on firmly shut arbitrage window; soft demand keeps zinc stocks at record high

March 01, 2018 / www.metalbulletin.com

Nickel stocks in the Shanghai-bonded zone surged in February due to the enlarged negative arbitrage between London Metal Exchange prices and the Chinese domestic market, while higher zinc stocks were attributed to sufficient domestic supply and soft demand in the China market. In February 2018, Shanghai-bonded nickel stocks increased by 69.8% month on month, after the sustained negative arbitrage...Read More

Five Charts Show Gold Constrained Inflation and Rising Rates

March 02, 2018 / www.bloomberg.com

Powell's hawkish outlook increases pressure on bullion pricesConsumer price growth may boost demand for gold as a hedgePhotographer: Luke MacGregor/BloombergGold tumbled after Federal Reserve Chairman Jerome Powell opened the door to four interest rate hikes this year on the back of a strengthening U.S. economy, another instance of the competing forces that have corralled prices into a $...Read More

Where Is Gold Headed Next Week? VOTE NOW!

March 01, 2018 / www.kitco.com

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Almadex Minerals Is A Potential 5-Bagger

March 01, 2018 / investmentresearchdynamics.com

I first presented Almadex (AXDDF, AMZ.V) in the April, 14th 2016 issue of the Mining Stock Journal at 27 cents. After announcing on Monday an investment from Newcrest Mining in its flagship El Cobre Project, the stock traded as high as $1.31. I present the case for Almadex to be at least a 5-bagger from here in this Seeking Alpha article just released. As soon as I have time to analyze t...Read More

SQM share prices dip amid fears of lithium market oversupply

March 01, 2018 / www.metalbulletin.com

Chilean lithium producer SQM's share prices have gone down by 13% in less than a week to stand at $50.71 at the close of the market on Wednesday February 28, compared with $58.32 on February 23.Investors' fears of oversupply in the lithium market were triggered on February 26 with the release by investment bank Morgan Stanley of research suggesting that the price of lithium could fall by 45% by 20...Read More

Now commencing a major bull market in Gold, Silver, mining and exploration stocks.

March 01, 2018 / www.canadianmineanalysis.com

We are about to commence a major bull market in Gold, Silver, mining and exploration stocks. Many of them should move up to price levels that will astonish investors. Because there is very little comprehensive research coverage for most precious metals companies, many remain overlooked and undervalued. The oncoming price moves up in the precious metals shares' prices should be far above investor...Read More

PEOPLE MOVES: Nedergaard joins ThyssenKrupp Raw Materials

March 01, 2018 / www.metalbulletin.com

Ferro-alloys trader Naja Nedergaard has joined the ferro-alloys department of ThyssenKrupp Raw Materials, the company told Metal Bulletin on Thursday March 1.Nedergaard formerly worked in the ferro-niobium department of China...Read More

BUZZ-USD/IDR dampened but technical uptrend still in play

March 01, 2018 / www.kitco.com

* USD/IDR opens at 13720 from prev close 13745, but rebounds* Last at 13730, likely to maintain bullish bias in channel* Fri close above 13690 will keep long bets in favour* USD dampened after Trump's tariffs send US yields sliding* Bond buying and global stock selloff cue general risk aversion* USD/EM pairs will struggle against the tide, likely rise later <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BAUXITE & ALUMINA CONF: Noranda working to cut bauxite shipment costs from Jamaica

March 01, 2018 / www.metalbulletin.com

Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More

BUZZ-USD/PHP beaten down as risk aversion sinks US yields

March 01, 2018 / www.kitco.com

* USD/PHP opens lower at 51.84 from prev close 51.92* Downturn in US yields, linked to risk aversion, tug on USD* US 10y slips to 2.82% from 2.86%; Powell tones down optimism* USD/PHP now tests 20 DMA support 51.83, despite stocks slide* Risk aversion may escalate and revive USD/AXJ later* Trump's tariffs plan rocks equities globally <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^P...Read More

Gold Seeker Closing Report: Gold and Silver Erase Significant Early Losses to End Mixed

March 01, 2018 / news.goldseek.com

CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More

BUZZ-COMMENT-USD/JPY to continue lower in March? Flows eyed

March 01, 2018 / www.kitco.com

USD/JPY could trade lower still into March and flows from various players willbe scrutinized closely. Japanese retail players and medium-to-longer termJapanese investors are long . Some offshore specs too as CFTC IMMCTA data bear out. The situation will likely be little changed when fresh data(as of this Tuesday) are released tonight. Anecdotal evidence suggest retailplayers in particular have bee...Read More

Four Key Themes To Drive Gold Prices In 2018 - World Gold Council

March 01, 2018 / news.goldseek.com

- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More

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