Gold has rallied on bargain hunting and traders buying to cover, oroffset, short positions, says George Gero,managing director with RBC Wealth Management. As of 9:28 a.m. EDT, Comex June gold was $10.20 higher to $1,315.80 an ounce two days after hitting the low for 2018of $1,302.30. Gero cites a “weaker dollar for now” in the aftermath of aFederal Reserve meeting that wrapped up on We...Read More

Chris VermeulenPosted May 3, 2018I wanted to take a moment to alert everyone to a price cycle setup that may turn out to be one of the most dramatic price moves we've seen since 2008. The metals markets have recently made some news by breaking to new recent price highs.This price move prompted a number of major firms to announce new bullish directional forecasts for gold with predictions of $2500...Read More

Bradley Levitan and William Copp have left London Metal Exchange category I member INTL FCStone, sources said. Copp has joined rival trading firm ED&F Man Capital Markets, according to his LinkedIn page, with sources saying Levitan will also join him...Read More

Not much needs to be said about Tesla. Elon Musk's performance on the Company's conference call speaks for itself. He basically told the lemming analysts who have been the Company's Wall Street carnival barkers to go have sex with themselves in response to questions looking for highly relevant details on Model 3 sales projections and Capex spending requirements.I believe Musk is mentally unsta...Read More

European spot prices for molybdic oxide and ferro-molybdenum dropped this week while May public holidays took place across much of the continent but trading activity is likely to pick back up in the near term, sources said.Consumers in the steel sector are due to issue tenders for prompt delivery, which should provide near-term direction for spot prices, they said. Prices have been generally drift...Read More

Karen BrettellNEW YORK (Reuters) - The U.S. dollar fell in choppy trading on Thursday as investors took profits from a rally that sent the greenback to its highest levels of the year and awaited payrolls data for April.The dollar has erased all its 2018 losses in the past two weeks on expectations the Federal Reserve will continue to raise interest rates while other central banks, including the Eu...Read More

Teranga GoldCorp. (TSX: TGZ) reports a higher adjusted profit than a year ago as output andprices rose but costs fell. The company lists adjusted earnings of $10.7million, or 10 cents per share, up from $6.7 million, or 6 cents, a year ago.Net income, however, fell to $3 million, or 3 cents, from $5.6 million, or anickel. The company produced 64,031 ounces of gold, up 13% from 56,903 in thesame pe...Read More

South African miner Kudumane Manganese Resources (KMR) has delayed deliveries of some of its manganese ore shipments following heavy rains in the country's Northern Cape region.Supplies from the company's mine in Northern Cape will be affected until August, KMR said."The heavy rains did necessitate the rescheduling of one or two shipments over [May-August]," KMR chief executive officer Thembelani...Read More

WASHINGTON (Reuters) - The White House said on Thursday it was prepared to take measures against China’s stationing of military equipment on islands in the South China Sea and its pointing of lasers at U.S. military aircraft.“We’re well aware of China’s militarization of the South China Sea. We’ve raised concerns directly with the Chinese about this, and there will be...Read More

CloseGain/LossGold $1311.40+$6.90Silver$16.42+$0.05XAU82.38+0.56%HUI181.31+0.40%GDM631.85+1.07%JSE Gold1146.25-8.48USD92.46-0.35Euro119.90+0.49Yen91.56+0.36Oil$68.43+$0.5010-Year2.946%-0.030T-Bond143.5625+0.3125Dow23930.15+0.02%Nasdaq7088.15-0.18%S&P2629.73-0.23% The Metals: Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with a gain of 0.53%....Read More

Teck Resources has signed annual zinc concentrate supply deals with European smelters Glencore and Nyrstar with treatment charges (TCs) set at a 12-year low of $147 per tonne, sources with knowledge of the matter confirmed to Metal Bulletin.Price participation, which had historically given miners and smelters the ability to share in London Metal Exchange zinc price gains and losses, has been taken...Read More

- Gold demand globally -7% in Q1, 2018 - Gold Demand Trends (WGC)- Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows- Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as "stock market volatility sparked US inflows"- Store of value bullion coin and bar demand fell 15% as reported Chinese, German and America...Read More

BEIJING/CHICAGO (Reuters) - China’s major ports of entry have ramped up checks on fresh fruit imports from the United States, five Chinese industry sources said, which could delay shipments from U.S. growers already dealing with higher tariffs as Sino-U.S. trade ties worsen.Fruits were among 128 U.S. goods that China slapped with more expensive import tariffs in retaliation for U.S. levies o...Read More

Annual benchmarks for zinc concentrate treatment charges (TCs) have been set at $147 per tonne, a 12-year low, Europe's largest zinc smelter Nyrstar said on Thursday May 3.At $147 per tonne, the headline TC is the lowest since 2006 and is 14.5% lower than the $172-per-tonne benchmark settled for 2017.Nyrstar did not say at which base price terms had been...Read More

If you take a hard look at vanadium, some of the same growth drivers as for cobalt and lithium are evident. But despite growing interest in large-scale vanadium redox flow batteries, it's unlikely speculators will manage cobalt-level returns off the metal. Still, there are promising signs for vanadium.Staff reporterScaling up: the capacity of vanadium redox flow systems, like these from RedT Energ...Read More

The Sabina Gold Exploration camp for its Back River gold project in Nunavut. Source: Sabina Gold & Silver Corp.Sabina Gold & Silver Corp. [SBB-TSX; SGSVF-OTC; RXC-FSE] said Thursday May 3 it is raising $6 million from a non-brokered private placement flow through financing comprised of 3million flow-through common shares at $2 a share. Proceeds will be used for exploration at the company's...Read More

Parisa HafeziANKARA (Reuters) - Iran’s foreign minister said on Thursday U.S. demands to change its 2015 nuclear agreement with world powers were unacceptable as a deadline set by President Donald Trump for Europeans to “fix” the deal loomed.Trump has warned that unless European allies rectify the “terrible flaws” in the international accord by May 12, he will refuse...Read More

Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, moved higher after announcing record fourth-quarter revenueSean Mason | May 3, 2018 | SmallCapPowerA big revenue bump sparked interest in a solar energy stock Thursday. Here's some small stocks making big moves on Thursday, May 3, 2018 (as of 4 pm EST):Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, powered 17% higher t...Read More

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday April 27Ferro-vanadiu...Read More

Prize Mning (PRZ.V) kept its word last year as the company completed additional sampling and geophysical surveys on the Kena-Daylight gold project in British Columbia, but unfortunately the market didn't seem to care at all.That's a pity, but Prize never wanted to be a one-trick pony and in the fall of last year, it added the Manto Negro copper project in Mexico to its portfolio. At first, we thou...Read More