An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday October 5:...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, partly reversing the increases in its tender prices for August and September.The mill has offered to buy silico-manganese at 9,000 yuan ($1,310) per tonne for October delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China.The latest te...Read More
Turkish steel mills stayed away from deep-sea scrap bookings again at the end of this week due to high offer prices from US suppliers, sources said on Friday October 5....Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 5:Aluminium ingot Duty paid delivered works pressure diecasting...Read More
The stock market undergoes various phases in its life cycle.Recent history has certainly favoured momentum growth stocks, while value stocks have not fared as well.But with interest rates rising, inflation creeping up, and the possibility of a sharp turn in investor sentiment increasing by the minute, investors should consider value stocks again, as the downside risk is lower.Here are two value st...Read More
Blue chips and big names get a lot of attention in business news, which often means that investors need to dig a little deeper to find interesting opportunities and hidden gems.The three stocks that we will examine in this article aren't flashy names making headlines; instead, they are quietly operating strong businesses and paying their shareholders generous dividends.Transcontinental (TSX:TCL.A)...Read More
"How did you go bankrupt?” “Two ways. Gradually, then suddenly." ?EURo Ernest Hemingway, The Sun Also RisesOn the surface, nothing much changed last week. The Fed, as expected, raised short-term interest rates very modestly, the US, Canada and Mexico cut a new NAFTA deal (kind of a pleasant surprise), unemployment fell again, Trump continued to tweet while Democrats and Republicans co...Read More
"How did you go bankrupt?” “Two ways. Gradually, then suddenly." ?EURo Ernest Hemingway, The Sun Also RisesOn the surface, nothing much changed last week. The Fed, as expected, raised short-term interest rates very modestly, the US, Canada and Mexico cut a new NAFTA deal (kind of a pleasant surprise), unemployment fell again, Trump continued to tweet while Democrats and Republicans co...Read More
WASHINGTON - A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country.Centar Ltd. said it hopes to begin exploration in two sites next year and would within a year become one of the largest private-sector employers in the country.Company officials held a signing ceremony at Afghanistan's embass...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
Cumulative sampling reveals high-grade gold mineralization in two adjacent zones. Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS) announced the Cayos zone, at its southeastern Peru project, returned 3 meters (3m) of 30.5 grams per ton (30.5 g/t) gold, "which represents the company's best channel sample to date at Coasa," President Andrew Thomson said in a news release. Six samples were taken from a 2...Read More
The firm intends to use the funds on its three past-producing mines in the U.S. Great Basin. Liberty Gold Corp. (LGD:TSX) recently closed its bought-deal financing, which resulted in about CA$11.6 million being added to the company coffers. Liberty will use the proceeds for working capital and for exploration and development work at its three flagship projects in the western U.S.: Goldstrike in...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:ENRAUDDescriptionEncounter Resources Ltd are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial10/06/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$9.91M$9.91M10/06/2018$0.00MTotal Assets:$11.24M$11.24M10/...Read More
Technical analyst Clive Maund looks at the factors that he sees are behind a massive credit crunch and discusses how the markets could react. An enormous "sword of Damocles" hangs over all markets now. A massive liquidity drain is underway as global QE reverses into QT and rates rise against the background of immense ubiquitous crippling debt burdens. What this means is that the biggest credit cru...Read More
The battered goldminers’ stocks are finally starting to recover after a rough few months. Their prices slid with gold in July,plummeted in a brutal forced capitulation in August, and then dropped again inan echo capitulation into mid-September. That left them at fundamentally-absurd price levels wildly disconnectedfrom their actual profitability, leaving this sector with big mean-...Read More
Our modeling systems are suggesting that Gold and Silver will begin a new upside rally very quickly.We wrote about how our modeling systems are suggesting this upside move could be a tremendous opportunity for investors over 2 weeks ago.Our initial target is near the $1245 level and our second target is near the $1309 level.Recent lows help to confirm this upside projection as the most recent low...Read More
This past week, we saw that the Bank of Nova Scotia was charged by the Commodity Futures Trading Commission with multiple acts of spoofing in gold and silver futures between June 2013 and June 2016. Traders placed orders to buy or sell precious metals futures contracts with the intent to cancel the orders before execution, the CFTC said.So, the tin-foil hat wearers are back out in full force screa...Read More
We often hear it wouldn't take much new investment demand coming into the silver market for price to rise, so let's explore that a bit further...by Matt from Silver Fortune via Silver FortuneWhat type of an impact would a major increase in investment demand for physical silver have on the price and overall market? Read More
I want to talk to you about 529 plans, which are the most popular way for people to save for college expenses.So let's do that today...A 529 plan is a tax-advantaged savings plan designed to help you save for a child's future college costs. They are issued by inp idual states, either directly or through brokers.Essentially, there are two types of 529 plans - prepaid tuition plans and college savin...Read More