Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More

Oct 22 (Reuters) - Lonmin Plc on Monday signed a$200 million metal purchase agreement, which will provide theplatinum miner better liquidity as it awaits the closure ofSibanye-Stillwater's takeover of the company.However, the new facilities still do not address"fundamental business challenges facing Lonmin and do not offeran opportunity to avoid the announced retrenchments and shaftclosures,&...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN retreated again last week, though it endured a much smaller hit than the week prior (falling 8.6 points vs 42.6 points). This slower rate of descent may provide bulls some hope their ride down this slippery slope is near its end. The Index closed at 1167.08 and has declined ov...Read More

JOHANNESBURG, Oct 22 (Reuters) - South Africa's rand firmedagainst the U.S. dollar in early trade on Monday, as investorsawaited the new finance minister's medium-term budget speech andconsumer price inflation numbers due in the week. * At 0634 GMT, the rand traded at 14.3425 perdollar, 0.4percent firmer than its close on Friday. * Market focus is on Wednesday's budget speech by newfinanceminister...Read More

"@GoldMarketPulse CRB index ----------very close to turning TREND up on the long term charts.Moving averages will turn up at end of this month.Then we'll need monthly close over 205 - if that occurs,could be significantbounce & perhaps more.Worth watching."Read full newsRead More

"Goldtrends posted this chart the morning after the very top in the S&P.Looks good so far.Odds favor there's more to go. https://t.co/rIW6n87rOS"Read full newsRead More

Published9:21PM ET Sun, 21 Oct 2018Updated6 Hours AgoReuters Gold prices slipped on Monday, pressured by a rallying dollar and the metal's failure to break above a key technical level.Spot gold fell 0.37 percent to $1,2210 per ounce, having hit a 2-1/2-month peak last week at $1,233.26 per ounce.Prices were on track to register their biggest daily percentage decline since Oct. 12.U.S. gold futures...Read More

I see too many bullish gold mining investors and traders who have jumped into the 3x leveraged junior gold miner fund, JNUG.With JNUG, there is no good entrance and exit strategy that doesn't risk excessive losses on the front end or giving back your gains on the back end.JNUG is designed only for short-term trades that last one week or less, and is certainly not for 6-month or longer time fra...Read More

Steel billet prices in major global markets resumed their downtrend or remained stable during the week from Monday October 15 to Friday October 19, with few deals concluded and importers generally staying out of the market.China was the exception, with its domestic prices strengthening amid lower inventory levels within the country.AsiaImport prices for steel billet in Southeast Asia were flat dur...Read More

Steel billet prices in major global markets resumed their downtrend or remained stable during the week from Monday October 15 to Friday October 19, with few deals concluded and importers generally staying out of the market.China was the exception, with its domestic prices strengthening amid lower inventory levels within the country.AsiaImport prices for steel billet in Southeast Asia were flat dur...Read More

Investing.com - Market players are likely to stay focused on global supplies in the week ahead, after oil prices suffered their second consecutive weekly loss, driven lower by indications of swelling U.S. crude stockpiles.U.S. oil inventories climbed 6.5 million barrels last week, almost triple the amount analysts had forecast, the U.S. Energy Information Administration said on Wednesday.It was th...Read More

* Washington prepares to reimpose sanctions on Iran* Mnuchin dismisses concerns about rise in oil prices* U.S. in talks with SWIFT on disconnecting Iran* U.S. adamant no sanctioned transactions occurBy Lesley WroughtonJERUSALEM, Oct 21 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Sunday it will be harder for countries to get waivers on Iran oil sanctions than during the Obama adminis...Read More

Investing.com - This week precious metals traders will continue to watch developments in equity markets and monitor geopolitical risks after gold prices notched up a third week of gains.Investors will also be focusing on Friday’s data on U.S. third quarter growth, while monetary policy decisions from the European Central Bank and Bank of Canada will also be closely watched.The GDP data is ex...Read More

Gold has rallied sharply to be trading at well over the psychologically important US$1,200 a mark, although it is still down by 7% for the year to date. Surprisingly for many investors, gold's poor cousin silver has failed to keep pace having lost 15% for the same period. This has caused the gold-to-silver ratio, which measures how much silver is required to buy one ounce of gold, to widen signif...Read More

I have been tremendously bullish on the outlook for intermediate gold miner Kirkland Lake (TSX:KL)(NYSE:KL) for over year. Over the last month, despite gold's latest gyrations, the miner has soared by over 21% to be up by a whopping 70% for the last year compared to the market marking gold down by 7%. While Kirkland Lake has made some substantial gains, there are signs of further upside ahead. No...Read More

The shock of past downward projections belies the true value of established gold miner Guyana Goldfields' Aurora gold mine, says Investor's Digest of Canada junior mining stock columnist Mike Kachanovsky. He calls Guyana a bargain stock and says a rebound in this sector is long overdue.There is a lot of commentary circulating in the precious metals sector about where the final bottom may be found...Read More

It's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration companies with pr...Read More

Bob Moriarty ArchivesOct 22, 2018The market has been more than willing to reward exploration companies showing high-grade gold results lately. After releasingincredible resultsfrom aRed Lake Districtdrill program, Great Bear Resources shot from $.58 a share on August 20th to an amazing $3.25 today.I wrote up Westhaven Ventures several times in the last six months starting at $.19 a share. Ilast ta...Read More

TORONTO - Canada's main stock index moved lower in late-morning trading as the key energy and materials sectors fell in the wake of lower commodity prices.The S&P/TSX composite index was down 73.53 points at 15,396.57.In New York, the Dow Jones industrial average was down 35.15 points at 25,409.19. The S&P 500 index was up 0.16 of a point at 2,767.94, while the Nasdaq composite was up 60.59 point...Read More

 CloseGain/LossGold $1222.80-$3.60Silver$14.57-$0.06XAU69.04-1.50%HUI153.48-1.35%GDM553.54-0.98%JSE Gold1165.95-28.97USD96.03+0.31Euro114.69-0.41Yen88.80-0.32Oil$69.36+$0.0810-Year3.197%+0.001T-Bond137.75+0.03125Dow25317.41-0.50%Nasdaq7468.63+0.26%S&P2755.88-0.43%  The Metals: Gold saw slight gains in Asia before it drifted down to $1220.50 by midmorning in New York and the...Read More