Key data from the pricing sessions in London and Shanghai on Friday October 26.China Compared with last week, stockpiling activity among traders eased. In addition, domestic consumption was stable due to there being enough stock in the downstream secondary aluminium alloys sector. Spot export deals were rare, but market participants suggested that momentum would be regained when consumers started...Read More
Global antimony continued to trade last week amid weak demand for the metal, with prices remaining unchanged in both China and Europe on scarce spot market activity.In China, Fastmarkets MB's price assessment for Chinese Minor Metals Trade Association (MMTA) standard grade-II antimony price, delivered, duty-paid, was 51,000-51,500 yuan ($7,341-7,412) per tonne on Wednesday October 24, unchang...Read More
A lack of demand for imported cobalt material weighed on the Chinese domestic cobalt metal price last week, while the price for cobalt salts widened downward on lower offer prices in a weak market. Fastmarkets assessed the Chinese domestic cobalt metal price at 445,000-465,000 yuan per tonne ($25.07-26.20 per lb) on Friday October 26, down 2.2% from 450,000-480,000 yuan per tonne during the m...Read More
Industry experts discuss applications for big data in mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: John Cumming, The Northern Miner editor-in-chief.Panellists (from left): Talia Dabby, PwC Canada director; Glenn Mullan, PDAC president; Humera Malik, Canvas Analytics CEO; Gordon Stothart, Iamgold executive vice-presiden...Read More
Latin America has been generating headlines in recent times. Brazil's ongoing political ructions, which include the emergence of a dominant far-right popular political party, fears that Argentina's economy is again on the verge of collapse, and the end of Latin America's longest-running civil conflict in Colombia have brought the region firmly under the spotlight. Further attention is being garne...Read More
A combination of weaker gold and some disappointing results saw the market heavily mark down precious metals streamer Sandstorm Gold (TSX:SSL)(NYSE:SAND) during August to see its down by almost 21% since the start of 2018. This decline in value is roughly triple the 7.3% lost by gold over the same period. While higher interest rates and a firmer U.S. dollar are weighing on precious metals stocks...Read More
October brings beautiful fall colours, but in 2018 it also brought some unwanted volatility to the TSX Index.Just as trees shedding their leaves is a necessary part of nature, giving way to new life next spring, sell-offs like we've seen over the past month create new opportunities for Foolish investors.Maxar Technologies (TSX:MAXR)(NYSE:MAXR) is a technology company undergoing a pretty significa...Read More
Weekly Reports |Oct 30 2018Producer buying appears to be becoming more urgent as spot uranium hits a two and a half year high.-Producer buying continues-Prices continue to rise-Utilities weighing up the situationBy Greg PeelProducers of uranium again moved into the spot market early last week, prompting sellers to back off. Producers are meant to be sellers, but have shut down loss-making producti...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 30, 2018 The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.This market is beginning to look eerily like the bear market that started in 1929.Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, man...Read More
I think we can all agree, it was an interesting week last week in the stock market, to say the least. For the week, the Dow was down 2.9%, the SPX was down 3.9% and the Nasdaq was down 3.8%. All three indices closed below their 200 dma. It can be argued that, on a short-term basis, the stock market is "oversold" using the MACD as an indicator. However, it appears that hedge fund algos are being r...Read More
A typical example of massive copper (chalcopyrite) mineralization in a diamond drill core from the New Craigmont Project 14 km from Merritt, southern British Columbia. Source: Nicola Mining Inc.Nicola Mining Inc. [NIM-TSXV] said Tuesday October 30 that it has commenced an extensive reverse circulation drilling program on waste piles at its 100%-owned New Craigmont Project, which is located in the...Read More
Outcrop washing at the Bell Zone on the Alces Lake REE property. Source: Appia Energy Corp. Appia Energy Corp. [API-CSE; APAAF-OTCQB; AOI-FSE] has released some impressive analytical results from surface channel samples collected from the Wilson Zone as part of a recently completed exploration program carried out at the Alces Lake property in northern Saskatchewan.Highlights include results from l...Read More
The Guyana Goldfields Aurora gold mine in northwest Guyana, South America. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; OTC-GUYFF] took a steep tumble Tuesday October 30 following a downward revision in its 2018 gold production guidance.In a press release that also contained the company's third quarter operational and financial results, the company said 2018 production guidance h...Read More
Einstein called it the most powerful force in the universe and the eighth wonder of the world.Warren Buffett said it was the secret to wealth.It's also why vampires are stupid rich.I'm talking about compound interest. Perhaps you'd like to learn more about this powerful force and the secret to true wealth. Well, I'll tell you.First of all, there are two basic ways to calculate interest: simple and...Read More
CloseGain/LossGold $1223.60-$5.50Silver$14.48+$0.03XAU65.44+1.14%HUI145.23+0.84%GDM532.62+0.49%JSE Gold1170.50+4.49USD96.99+0.38Euro113.45-0.40Yen88.65-0.41Oil$66.18-$0.8610-Year3.119%+0.031T-Bond138.84375-0.50Dow24874.64+1.77%Nasdaq7161.65+1.58%S&P2682.63+1.57% The Metals: Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but...Read More
By Ira EpsteinStall time in gold now that stock indices look to be finding their footing.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold and 321,590 ounces of silver, which along with base metal revenue generated $24.3 million in net revenue for the quarter. Gold Resource Corporation is a gold and sil...Read More
Graceland Updates By Stewart Thomson 1. The US stock market continues to gyrate wildly with many key Dow stocks staging truly horrific meltdowns.2. This market is beginning to look eerily like the bear market that started in 1929. Instead of buying stocks as the business cycle troughed as Barrack Obama was elected, many investors appear to have bought maniacally after Trump was el...Read More
By Ricky WenMonday's session was a deadly and massive bull trap due to the morning false breakout above the key 2693/2700 levels with the high at 2707 that lasted for a brief moment and looked like the start of a significant temporary bottom formation off Friday's 2627 low. Eventually, the market managed to tank about 100 points from the intraday high towards the 2620/2590 major support area tha...Read More
By Stefan GleasonThe Nasdaq composite enters this week's trading down over 10% in the month of October. For what it's worth, market technicians consider a 10% pullback an official "correction."So far it's just that - a correction. It may therefore be a bit premature to carve the stock market's tombstone.But investors should be prepared for further downside in share prices... and a possible longe...Read More