Vancouver, British Columbia - July 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) M2 Cobalt Corp. (TSXV: MC) (the "Company") is pleased to announce final results of the Geotech Ltd., helicopter borne VTEM?,,? B-Field horizontal magnetic gradiometer geophysical surveys recently completed at its Kilembe-area properties ("the VTEM Surveys"). A total of 2,943 line kilometres of high-resolution...Read More
July 5, 2018 (Investorideas.com Newswire) Analyst Andrew Mikitchook with BMO Capital Markets reported his findings from a recent site visit to the Yukon's likely next operating gold mine.In a June 26 research note, Andrew Mikitchook, a BMO Capital Markets analyst, indicated that Victoria Gold Corp. (VIT:TSX.V) continues construction at its Eagle gold project in the Yukon. "We are encouraged by con...Read More
July 5, 2018 (Investorideas.com Newswire) Analysts provided an update on the company's flagship asset in Idaho.TD Securities recently initiated coverage on eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE), whose Idaho cobalt project "is advancing rapidly toward production at a time when demand for cobalt is accelerating, driven largely by demand growth for electric vehicles," reported analys...Read More
July 5, 2018 (Investorideas.com Newswire) A Canaccord Genuity report detailed the agreement.A June 29 Canaccord Genuity research note indicated that earlier in the month, on June 15, Cobalt 27 Capital Corp. (KBLT:TSX.V; CBLLF:OTC; 27O:FSE) agreed to acquire 32.6% of cobalt produced at Vale's Voisey's Bay mine when it starts up in 2021. "This is the second stream in the company's portfolio, showing...Read More
Activity in the European hot-dipped galvanized coil market has been slow this week, with buyers holding back from making new deals ahead of the preliminary decision in the European Commission's safeguarding case.The EC opened an investigation into 26 steel products in late March, in an attempt to prevent steel shipments being redirected to the EU market as a result of the United States Sectio...Read More
Profit margins for China's hot-rolled coil exports appear to have caught up with those in the country's domestic market, with a depreciation of the Chinese currency enabling mills to get more yuan than previously from dollar-denominated sales to foreign buyers. DomesticEastern China (Shanghai): 4,200-4,240 yuan ($633-639) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 4,100-4,120 yu...Read More
Race to the BottomLast week the price of gold fell $17, and that of silver $0.30. Why? We can tell you about the fundamentals. We can show charts of the basis. But we can't get into the heads of the sellers. Other people's fiat: in the global race to the bottom, it was recently the turn of emerging market currencies to tank. [PT] We can say that in the mainstream view, the dollar is rising. The...Read More
Domestic prices for cold-rolled coil in Europe have moved up slightly over the week despite slow market activity, sources told Metal Bulletin.European buyers have been mainly holding back from making new deals ahead of the announcement of preliminary findings in a European safeguarding case, market participants said.The European Commission (EC) opened an investigation into 26 steel products i...Read More
Turkish domestic rebar and wire rod prices have gone down over the past week due to sluggish demand, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $550-560 per tonne ex-works on Thursday, narrowing downward from last week's $550-565 per tonne."Time has passed since the [presidential and parliamentary] elections [in Turkey on...Read More
Turkish rebar export prices have gone down slightly over the past week, amid sluggish buying. But market participants were generally optimistic and expected demand to improve, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $545-555 per tonne fob on an actual weight basis, narrowing downward from the $545-560 per tonne of last week.Turki...Read More
Imported steel billet prices decreased this week in Egypt with lower offers heard in the market, but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on Thursday July 5 was unchanged at E ?12,525-12,528 ($699) per tonne ex-works. The country's major rebar producer, Ezz Steel, continued offe...Read More
The import market for hot-briquetted iron (HBI) in Italy was flat during the week ended Thursday July 5 on low demand, according to sources in the market.Metal Bulletin's import price assessment for HBI in Italy was $320-330 per tonne cfr on Thursday, unchanged week on week."The market [for HBI] is totally flat here, because everyone involved in the metallic trade is waiting for the results of the...Read More
By Ira EpsteinBounce in metal?https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 07/05/2018 Sector expert Michael Ballanger details his forecast for precious metals markets in the second half of 2018. -->Given the impressive reversal in gold last Monday, which appeared to occur during the Asian and European trading sessions as opposed to the Crimex pit session, it looks like the precious metals are adhering to the well-br...Read More
By Gary TanashianOn June 26 we provided an antidote to some media hysterics about a "Death Cross" in gold.On that same day we had an NFTRH update (still password protected, but below is the screenshot of the intro) illustrating for subscribers a developing positive risk vs. reward proposition in gold and silver.On June 28 we noted the out-performance by counter-cyclical gold miners to cyclical c...Read More
By Frank HolmesBeginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes - a substantial increase from 2016.The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 t...Read More
By Jordan Roy-Byrne CMT, MFTA Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally. While the combination of the net speculativ...Read More
By David HaggithFor a year and a half I've been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and widespread that it assures some level of economic decline all on its own. As everyone knows, the problem is largely c...Read More
By Ryan Wilday In last week's article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).Because I don't view the downside trend as complete, nor do we have price through resistanc...Read More
- Is the currency reset or global monetary reset (GMR) upon us? - Russia sold half their Treasuries in April and bought 600k ozs of gold in May - China has stopped buying US Treasurys and PBOC is quietly accumulating gold bullion - China has over $3 trillion in foreign exchange reserves and Russia has $461 billion - Physical gold market is finite and tiny vis-?-vis the fx markets and bond market...Read More