Turkish domestic auto bundle scrap prices have gone up in line with imported scrap prices while ship scrap prices have remained stable over the past week, sources said on Monday April 30.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey was TRY1,370-1,500 ($339-372) per tonne delivered, narrowing upward from last week's TRY1,270-1,500 per tonne.This...Read More
Vancouver, British Columbia - April 30, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Bravada Gold Corporation through its wholly-owned US subsidiary Bravo Alaska, Inc. (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (collectively "Bravada") and Yamana Gold Inc. through its wholly-owned US subsidiary Meridian Minerals Corp. (collectively "Yamana") have agreed to amend the earn-in agreement for the Qui...Read More
Gold hasfallen back below $1,320 per ounce at the start of a new trading week. “One factorweighing on its price remains the firm U.S. dollar,” Commerzbank says. “Thesigns of detente in the North Korean conflict are also contributing to the lackof solid demand for gold as a safe haven at present. Following the historicmeeting between North Korean leader Kim Jong-un and South Korea...Read More
What does the United State and ISIS have in common?Actually… a lot. According to the New York Times, ISIS started a pretty effective government. They now appear to be on their last legs. But for a time, ISIS had all the hallmarks of a typical government.They monopolized control in a geographical area. They collected taxes and administered government services. They provided internal security,...Read More
April 30, 2018 (Investorideas.com Newswire) Precious metals expert Michael Ballanger discusses the U.S. dollar, the Fed, gold and silver.When I was a young lad long before Atari video games and during the era of rotary telephones, hula hoops, and Red Ball Jets running shoes, I used to love to read Action Comics that featured the original "Superman" created by Jerry Siegel and Joe Shuster. All of t...Read More
(Kitco News)- Gold priceshave bounced of a five-week low following data showing further weakness in thehousing sector as fewer consumers than expected committed to buying a home inMarch, accordingto the latest data from the National Association of Realtors (NAR).Monday,the association said that its pending home sales index rose only 0.4% in Marchto a reading of 107.6, compared to February's downwa...Read More
Unfulfilled PropheciesThe price of gold fell $12 last week, but that of silver dropped 63 cents. What's up with silver?! A prominent analyst wrote on April 19 of the "breakout" in silver. Of course, without the benefit of the basis and the Monetary Metals fundamental price, he could only see the price chart, plus the regular Wall Street indicators such interest rates, oil, and inflation. A somewh...Read More
Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 1.15 cents or 0.4% to $3.0810 per lb. On Friday, the contract fell to its lowest point since April 6 on a bout of technical...Read More
TIJUANA, Mexico (Reuters) - About 150 Central Americans from a “caravan” of migrants in Mexico were camped out early on Monday at the U.S. border, some trapped inside a port of entry between the two countries, as officials barred them from stepping foot on U.S. soil.Denied passage on Sunday into a pedestrian crossing between Tijuana and San Diego at the San Ysidro port of entry, many o...Read More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close a...Read More
COLORADO SPRINGS, CO, April 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 first quarter earnings conference call scheduled for Wednesday, May 2, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned...Read More
On April 25 Epiroc took its first steps as a company in its own right. The day before Atlas Copco shareholders had voted to calve it off. Its business is already heading in the right direction.Staff reporter30 APRIL 201830/04/2018commentsshareAccording to Atlas Copco's financial figures for the three months to March 31, Epiroc enjoyed an 18% growth in orders received compared with the same period...Read More
Roxgold Inc. (TSX: ROXG) has announced a program to buy backshares. Specifically, Roxgold is implementing a “normal course issuer bid,”which has been accepted by the Toronto Stock Exchange, because the company“believes that from time to time the market price of Roxgold’s common sharesdoes not reflect the underlying value of the common shares.” The company saysit ended...Read More
Following an operation against illegal mining in the north-central Carabobo state, General Juan Carlos Du Boulay Perozo, Commander of the Carabobo Defense Operating Zone No. 45, said that illegal miners in Venezuela have created "unions" in charge of controlling gold trading activities. In the region under Du Boulay's oversight, such illicit organizations operate in an area called Negra Matea, whe...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Precious metals expert Michael Ballanger discusses the gold and silver ratio."SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "silly or high-spirited behavior; mischief."To start off, I find it astounding that of all the ways that dictionaries might cite t...Read More
By Clint SiegnerGold and silver have risen substantially off the price bottom put in just 2- 1/2 years ago, but the gains have yet to attract much notice. Gold has gained roughly 28% and silver is up 20%.Meanwhile, another metal has more than doubled since bottoming. This performance should have been more than enough to catch the attention of metals investors, if only they were watching. The me...Read More
Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday.The U.S. Mint sold 4,500 ounces of American Eagle gold coins in April, down 25 percent from the year prior. However, April sales were up 29 percent from March.During April, spot gold prices ral...Read More
After making a stunning operational turnaround, Emeco Holdings (ASX: EHL) is building on its strength in the mining equipment rental market with the A$80 million (US$60.5 million) domestic acquisition of Matilda Equipment Holdings.Staff reporter Matilda has been described as a niche equipment business30 APRIL 201830/04/2018commentsshare Matilda, which has offices in Toowoomba, Mackay and Perth, ha...Read More
WASHINGTON (Reuters) - A deadline for exemptions to U.S. steel and aluminum tariffs to expire loomed on Monday but U.S. allies and metals producers were still in the dark whether any countries would get extended relief, with Treasury Secretary Steven Mnuchin saying President Donald Trump had not yet made a decision.Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on alumi...Read More