The iron ore market stayed flat on Thursday October 4 with the Chinese market still shut for a week-long holiday to mark its national day.Metal Bulletin 62% Fe Iron Ore Index: $69.24 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.27 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Iron Ore Index-Low Alumina: $74.50 per tonne cfr Qingdao, unchanged.Metal...Read More
The seaborne coking coal market remained at a standstill on Thursday October 4 with participants waiting for China's return from a weeklong holiday to determine the direction of prices. Despite higher offers for both unbranded and branded premium hard coking coal on a trading platform during the day, counterbids remained largely unchanged, sources told Metal Bulletin.Meanwhile, the Australian gove...Read More
Vital Materials has acquired a high performance sputtering targets production facility from Heraeus, it told Fastmarkets on Thursday October 4. The facility located in Tuas, Singapore, will be integrated into Vitals' thin film material business unit. Heraeus is a German technology group with a focus on precious and special metals, medical technology, quartz glass, sensors and specialty light sourc...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets MB's price...Read More
Investing in gold and/or gold stocks has been a slippery slope in recent times.And with the price of gold once again falling below $1,200 per ounce this past September, it seems that gold companies can't catch a break.But what if the tides are turning now, as global markets may be topping and investor sentiment may be about to turn? What if investors flock toward gold stocks in order to have some...Read More
Gold stocks have not participated in the rally enjoyed by the broader equity markets, yet many have undergone important transitions that position them well for an improvement in gold prices.Let's take a look at Goldcorp (TSX:G)(NYSE:GG) to see if it deserves to be in your portfolio right now.TurnaroundGoldcorp is making good progress on a turnaround program that is designed to drive efficiency int...Read More
Exploring the Calibre Mining/B2Gold Monte Carmelo Project in Nicaragua. Source: Calibre Mining Corp.Calibre Mining Corp. [CXB-TSXV; CXBMF-OTC] on Friday October 5 announced details of a $5 million private placement deal and a 10-for-one share consolidation.Calibre owns a 100% interest in over 413 km2 of mineral concessions in the Mining Triangle of Northeast Nicaragua, including the Primavera gold...Read More
Open pit mining at HudBay's Constancia polymetallic mine in southern Peru. Source: HudBay Minerals Inc.HudBay Minerals Inc. [HBM-TSX, NYSE] has issued a press release in which it commented on media speculation regarding a potential business acquisition by the company.HudBay was referring to a Bloomberg news report, which stated that HudBay "is in talks to buy Mantos Copper SA, a Chilean private mi...Read More
Great Bear drilling its Dixie Lake Project near Red Lake, Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] issued a statement Friday October 5 saying the company's management is unaware of any material change in its operations that would account for the recent increase in the stock market activity.The statement, issued at the request of the Investment Industry Regulat...Read More
I’m really NOT trying to turn this blog into a “house hunting” type of deal here, but hey, what can I say, I’m on the search for a home, and well, it’s my main focus right now.The property tours continued again today, and here’s some more pics for you all!This time around, it was back to the Uptown area of Bonifacio Global City (BGC), which is ultimately where I...Read More
Cannabis is getting all the headlines. It's everywhere. Heck, I think I'm getting a contact high just from hearing about cannabis stocks.But while cannabis controls media attention, crude is going to be the big winner for 2018.Oil prices started the year trading under $60 per barrel. They have increased to around $75 today. And with U.S. sanctions against Iranian oil nearing, the rally isn't over....Read More
CloseGain/LossOn WeekGold $1203.10+$3.80+0.96%Silver$14.63+$0.05+0.07%XAU65.49-0.66%+0.48%HUI143.43-0.56%+1.67%GDM518.86-0.58%+0.64%JSE Gold1043.80-2.55+4.77%USD95.62-0.14+0.49%Euro115.25+0.11-0.75%Yen87.92+0.06-0.27%Oil$74.34+$0.01+1.49%10-Year3.239%+0.049+6.02%Bond137.1875-0.71875-2.40%Dow26447.05-0.68%-0.04%Nasdaq7788.44-1.16%-3.21%S&P2885.57-0.55%-0.97% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,490214,31248,629169,371160,496410,490423,437Change from Prior Reporting Period -4503,724-3,2681,467-328-2,251128Traders177100825449266197 Small Speculators (C) GoldSeek.com LongShortOpen Interest 49,28636,339459,776 1,748-631-503 non reportable positionsChange from the pre...Read More
As a general rule, the most successful man in life is the man who has the best information By Richard (Rick) Mills Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing Tuesday's trading at $1,...Read More
The battered gold miners' 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 in an echo capitulation into mid-September. That left them at fundamentally-absurd price levels wildly disconnected from their actual profitability, leaving this sector with big mean-reversi...Read More
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 crunch of all time is bearing down on us, which will involve markets crashing in the absence of bids, serious dislocation of capital markets an...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Savvy Investors know that there are several Key Market and Economic Realities which are NOT reported on by the Mainstream Financial Media, usually because of the Economic Interests of Media Owners and Allies Key Po...Read More
By Avi GilburtThis 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...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.U.S. officials were infuriated last week when Germany, the UK, and France unveiled plans to create a European payments channel to help Iran t...Read More