According to a report by Aljazeera news, Saudi Arabia is prepared to utilize its spare production capacity when necessary to deal with any future Continue...Read More
The Trump administration plans to do away with what some would consider to be racist affirmative action guidelines that encourage considering race Continue...Read More
Prices for rebar in the United Arab Emirates were stable this week with demand being low for seasonal reasons, sources told Metal Bulletin on Tuesday July 3.Construction activity is at a very low level in the heat of summer, and demand is not expected to improve any time soon, sources said.Domestic rebarMajor rebar producers in the UAE rolled over their rebar prices again on June 29 and prices are...Read More
A Voisey's Bay cobalt production agreement is finalized.Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) recently announced the completion of an acquisition of a cobalt stream from a subsidiary of Vale S.A. Under the agreement, Wheaton has the right to receive an amount of finished cobalt equal to a fixed percentage of cobalt production from the Voisey's Bay mine.Wheaton paid US $390 million to V...Read More
Analyst Andrew Mikitchook with BMO Capital Markets reported his findings from a recent site visit to the Yukon's likely next operating gold mine. Victoria Gold's Eagle Gold ProjectIn 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 construct...Read More
Rigs have started turning at the project in British Columbia's Golden Triangle. Golden Ridge Hank ProjectGolden Ridge Resources Ltd. (GLDN:TSX.V) has begun drilling at the Hank project located in the province's Golden Triangle.The company last week received authorization from the British Columbia Ministry of Energy, Mines and Petroleum Resources to drill. The agency allotted the company a maximu...Read More
China's domestic rebar prices kept dropping on Tuesday July 3 amid weak demand. Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($593-599) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,860-3,900 yuan per tonne, widened downward by 10 yuan per tonne Bad weather led construction sites to shorten their working hours, which sapped demand for rebar, a trader in east China said. The...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:MATAUDDescriptionMatsa Resources are a gold focused junior near-term producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial07/03/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$22.18M$22.18M07/03/2018$0.00MTotal Assets:$17.98M$17.98M07/03/2018$0....Read More
Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source. The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy. Mainten...Read More
Domestic Chinese ferro-chrome prices have risen in line with July tender prices from leading stainless steel mills. Spot domestic ferro-chrome prices rise in China Chrome ore, charge chrome import prices slideJapanese alloy prices edge upFerro-chrome prices rise in Europe Alloy markets flat in South Korea, United StatesChinese spot domestic ferro-chrome prices rose 4% in the week to Friday June 29...Read More
Vanadium prices resumed their rally in earnest last week after buyers paid higher prices to secure scarce units, with no signs of change to the persistent tight supply situation. Chinese export prices jump with spot units in limited supply amid persistent foreign inquiries European ferro-vanadium prices surge in the second half of the week after sellers hold firm with their offers Thin spot supply...Read More
Gold and silver have been getting crushed recently along with emerging market stocks. Gold’s daily RSI (a contrarian indicator) is the most oversold its been since late-2016.RSI is a relatively useful short term indicator for gold. Golds tends to make a short term bounce when it gets as oversold as it is right now.Here’s what happens next to gold when its daily RSI falls below 23 for t...Read More
Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term signals can l...Read More
In recentdays, oil bulls have accustomed us to fresh peaks. However, when we look moreclosely at the volume, their actions lose some of the glow. When we add the picture,which emerges from the relationship between crude oil and precious metals,doubts about the strength of the rally are getting even bigger. Is it possiblethat this interesting link tells us more about the future of black gold? Let&r...Read More
Silver is running out of time and space (onthe chart) to decide where it will go over the next months and years. Thesimilarity of conditions to the early 80s suggests that silver could go into a multi-yearbear market or continue its bull market: On the chart, I have marked two patterns1 to 5, to show how the current period is similar to the period circa 1983.If the comparison to the 1980s pattern...Read More
Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More
By Craig HemkeIt has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has run. However, this post from mid-May clearly lays out that $1235 COMEX gold was at least a "possibility". o https://www.sprottmoney.com/Blog/the-g...Read More
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack...Read More
Graceland UpdatesBy Stewart Thomson 1. Charts don't make fundamentals, but fundamentals do make charts. That's because market fundamentals create liquidity flows. Those liquidity flows create technical action on the charts.2. Please click here now. Double-click to enlarge this important daily gold chart.3. When market technical indicators like RSI, MACD, and Stochastics...Read More
By USAGOLDSummer, 2018 On the law of long-term time preference and gold ownership"The Law of Long-Term Time Preference - Those who plan, invest and execute long-term win. Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life - short-term sacrifice for long-term benefits, deferred gratification rather than inst...Read More