Recent News

MOD Resources has upped the T3 resource from 50Mt @ 0.92% #copper to 60Mt at 0.98% ($) |

July 03, 2018 / bit.ly

Possible expanded expansion flaggedRead full newsRead More

EFA Death Cross Caps Off Historically Bearish Month

July 03, 2018 / www.schaeffersresearch.com

June tends to be the worst month of the year for this international ETFIt's been rough sledding for overseas markets of late, thanks in no small part to a backdrop of steadily escalating rhetoric between the U.S. and its major trade partners. This global weakness is a trend that we've highlighted in this space recently (via the Chinese large-cap tracker ASHR), and it's one we've capitalized on via...Read More

Historic gold mining town Custer comes to life

July 03, 2018 / dlvr.it

Mark your calendars for July 12, from 5 to 9 p.m., when the annual Kiwanis Steak Fry cooks up a storm, with its Double R steaks, hamburgers, Hong Kong friedRead full newsRead More

LME to get tougher on cobalt companies with ties to the DRC

July 03, 2018 / www.mining.com

The London Metal Exchange (LME), the world's biggest market for industrial metals, is stepping up efforts to make sure cobalt traded on the exchange is not mined using child labour, particularly in the Democratic Republic of Congo.Starting next year, the LME will demand all companies that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit, Finan...Read More

LME to get tougher on cobalt companies with ties to the DRC

July 03, 2018 / www.mining.com

The London Metal Exchange (LME), the world's biggest market for industrial metals, is stepping up efforts to make sure cobalt traded on the exchange is not mined using child labour, particularly in the Democratic Republic of Congo.Starting next year, the LME will demand all companies that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit, Finan...Read More

LME to get tougher on cobalt companies with ties to the DRC

July 03, 2018 / www.mining.com

The London Metal Exchange (LME), the world's biggest market for industrial metals, is stepping up efforts to make sure cobalt traded on the exchange is not mined using child labour, particularly in the Democratic Republic of Congo.Starting next year, the LME will demand all companies that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit, Finan...Read More

Glencore hammered as US requests documents in corruption probe

July 03, 2018 / www.mining.com

Shares in miner and commodities trader Glencore (LON:GLEN) fell the most in two years after it revealed that US authorities had ordered it to hand documents and other records relating to possible corruption and money laundering.The stock fell as much as 13%, wiping more than 5.5 billion pounds ($7.3 billion) off Glencore's market value.The Swiss firm said Tuesday it had received a subpoena from by...Read More

Glencore hammered as US requests documents in corruption probe

July 03, 2018 / www.mining.com

Shares in miner and commodities trader Glencore (LON:GLEN) fell the most in two years after it revealed that US authorities had ordered it to hand documents and other records relating to possible corruption and money laundering.The stock fell as much as 13%, wiping more than 5.5 billion pounds ($7.3 billion) off Glencore's market value.The Swiss firm said Tuesday it had received a subpoena from by...Read More

Glencore hammered as US requests documents in corruption probe

July 03, 2018 / www.mining.com

Shares in miner and commodities trader Glencore (LON:GLEN) fell the most in two years after it revealed that US authorities had ordered it to hand documents and other records relating to possible corruption and money laundering.The stock fell as much as 13%, wiping more than 5.5 billion pounds ($7.3 billion) off Glencore's market value.The Swiss firm said Tuesday it had received a subpoena from by...Read More

Gold risk reversals show put bias is strongest since March 20

July 03, 2018 / www.fxstreet.com

Gold (XAU/USD) risk reversals show demand for put options (sell gold) continues to rise.  The one-month 25 delta risk reversals (XAU1MRR) are being paid at 0.525 XAU puts - the level last seen on March 20. About two weeks ago, the risk reversals were flashing a strong XAU call (bullish) bias and were being paid at 1.05 XAU calls.  The options data add credence to the drop in gold to a...Read More

INK Canadian Insider Index slips to 1300.67 ahead of Canada Day

July 03, 2018 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Despite appearing ripe for an advance based on the Index hugging the 1300 area for a couple of weeks in a row, the Index slipped last week. The INK CIN fell as much as 22 points to 1288.60 on an intraday basis (a shade below its lower Bollinger band), before scrambling to finish the week...Read More

Newmont's Twin Creeks achieves commercial production

July 03, 2018 / www.mining.com

Press release from Newmont MiningNewmont Mining Corporation (NYSE: NEM) achieved commercial production at its Twin Creeks Underground expansion project located in Nevada. The company says that Twin Creeks Underground mine will add between 30,000 and 40,000 ounces of gold production per year at all-in sustaining costs of between $650 and $750 per ounce for its first five years of production. This n...Read More

Bankers Cobalt Corp Announces Closing of Private Placement

July 03, 2018 / kincommunications.com

Vancouver, BC - Bankers Cobalt Corp. (TSXV: BANC) (OTCQB:NDENF) (the "Corporation" or "Bankers"), announces the closing of its previously announced non-brokered private placement of units of the Corporation (the "Units") for gross proceeds of $1,310,000 (the "Financing"). In connection with the closing of the Financing, Bankers issued 10,916,667 Units at a price of $0.12 per Unit with each Unit c...Read More

Silver: Is The Bottom In?

July 03, 2018 / seekingalpha.com

The bottom could be in.Expect silver to outperform gold in this cycle.Remaining long silver.It was the 21st of May last when we went long both silver (SLV) and the mining complex (GDX). We have a habit of being early at intermediate bottoms, but this one really takes the biscuit. As we can see from the silver chart below, the rally at the start of June ended up being a false dawn. Price quickly co...Read More

DAILY SCRAP REPORT: Prices set to fall in line with weakening product values

July 03, 2018 / www.metalbulletin.com

Turkish steel mills have remained quiet in the deep-sea scrap markets, waiting for lower prices from suppliers due to falling values for finished steel and billet, sources said on Tuesday July 3.The mills in the country booked a number of deep-sea cargoes from the United States last week but fell quiet later in the week. The material in the cargoes was priced around $354 per tonne cfr for HMS 1&2...Read More

Cobalt Conundrum

July 03, 2018 / resourceworld.com

Alfred Stewart, President of Bluebird Battery Metals, a geologist, examines mineral samples at the Canegrass prospect in the Mount Magnet area West Australia. Photo courtesy Bluebird Battery Metals Inc.It is widely predicted that electric vehicles - EVs - are the transportation solution of the future. Around the globe in China, Europe and North America, consumers are turning to electric vehicles a...Read More

Forest fire threatens Stornoway diamond mine

July 03, 2018 / resourceworld.com

Stornoway Diamond's Renard diamond mine in Quebec. Source: Stornoway Diamond Corp.Stornoway Diamond Corp. [SWY-TSX; SWYDF-OTC] said it has suspended operations at its Renard diamond mine in the James Bay region of Quebec due to a forest fire in the region. As of 6:30 a.m. on Monday July 2, the fire covered an area of 18 by 6 km and was located south of the mine, fanned by northerly winds. While...Read More

Wilson returns as CEO of cobalt explorer LiCo Energy

July 03, 2018 / resourceworld.com

LiCo Energy geologist Joerg Kleinbeck at the ramp entrance to the Teledyne Project northeast of the Town of Cobalt, Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB] has announced the appointment of Richard Wilson as President and CEO. Wilson is reassuming those roles from Tim Fernback, who is stepping down for personal reasons, the company said in press relea...Read More

LIVE FUTURES REPORT 03/07: Comex copper weakness persists ahead of US holiday

July 03, 2018 / www.metalbulletin.com

Comex copper prices were slightly lower on Tuesday July 3 morning in the US, with trade shallow ahead of the Fourth of July holliday.Copper for September settlement on the Comex division of the New York Mercantile Exchange inched down 0.10 cents or 0.1% to $2.9430 per lb. The contract now sits at its lowest point since August 2017.Base metals have...Read More

Life – The Ups and Downs

July 03, 2018 / fifighter.com

When it comes to life, change is a constant and there will always be good times and bad times. For anyone with any experience in the Game of Speculation, you’re well aware that markets are volatile and resemble something like that of a sine wave.Ups and downs.Peaks and valleys.Life is really no different from speculating — It’s a case study on human behavior and psychology.Which...Read More

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