June 26, 2018 (Investorideas.com Newswire) Precious metals expert Michael Ballanger discusses recent activity in the precious metals markets and what it may signify.My last missive was entitled "Gold's Relative Strength Index indicating a bottom is here," and it was dispatched at noon on Thursday but was written that morning after I had tweeted out the following:Michael Ballanger?EUR? @MiningJunki...Read More
June 26, 2018 (Investorideas.com Newswire) Preparations have begun for a summer field program prior to a prefeasibility study.Fission Uranium Corp. (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) recently announced that the company has begun preparing for a $6.4 million work program at its PLS project in Canada's Athabasca Basin this summer. According to the company, he project is designed to complete all remaini...Read More
June 26, 2018 (Investorideas.com Newswire) The discoveries are located in the area of the world's largest gold rush.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) recently announced its first sampling results from two new discoveries, Jerimum North and Jerimum East. In addition, further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets at the Cui?? Cui?? Project, Par?? St...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week with new deals and higher offer prices, sources told Metal Bulletin on Tuesday June 26. Market participants are expecting prices to be stable for some time because demand is weak. Import prices have increased globally since May, when buying was scarce in the Middle East because of the Islamic holy month...Read More
China's domestic hot-rolled coil prices have fallen to their lowest in a month on Tuesday June 26 following successive days of decreases.DomesticEastern China (Shanghai): 4,230-4,240 yuan ($647-649) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, down 30 yuan per tonneHRC futures declined for a fourth day and ended at a month's low, which continued to put pre...Read More
GFG Alliance is seeking to obtain 5 million tons per year of steel capacity in the United States within the next two to three years, primarily via acquisitions and the restoration of dormant brownfield facilities, executive chairman Sanjeev Gupta said on Tuesday June 26. London-based GFG - parent of industrial conglomerate Liberty House Group, which would directly control the new steel capacity -&...Read More
No Schedule for the Dollar's DemiseA few weeks ago we said: "This is not an environment for a Lift Off Event" Illustration of different types of lift-off events one may encounter. [PT] Sure enough, last week the price of gold was down $9 and that of silver down 11 cents. And now we are just one week away from the latest magic date put forth by a celebrity gold hawker, for when the dollar is goi...Read More
Severstal, one of two the largest rebar suppliers to Russia's Central region, has cut its offer prices more dramatically than traders expected, Metal Bulletin has learned. Metal Bulletin's domestic prices for Russian 12mm A500C rebar plunged by 1,500 roubles ($24) per tonne on the low end of the range to a new assessment of 37,000-38,500 roubles ($588-612) per tonne cpt Moscow, including VAT,...Read More
The CIS export rebar and wire rod market have not seen any significant price changes over the week ended Monday June 25 amid limited trading activity.Some participants from the Middle East and Africa returned to the market by the middle of last week after the Eid-al Fitr celebration, marking the end of the Islamic holy month of Ramadan, while some are returning to business only this week so purcha...Read More
Iron ore prices remained rangebound on Tuesday June 26, with the sudden depreciation in the yuan's value against the US dollar causing some jitters in the market.Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up $1.13 per tonneMetal Bulletin 58% Fe Premium Index: $52.77 per tonne cfr Qingdao, down $0.29 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.40 per tonne cfr Qingda...Read More
CloseGain/LossGold $1258.90-$6.90Silver$16.30-$0.05XAU80.48-0.05%HUI172.93-0.70%GDM612.24-0.07%JSE Gold1024.46-36.71USD94.71+0.41Euro116.47-0.55Yen90.95-0.11Oil$70.53+$2.4510-Year2.880%+0.005T-Bond144.28125-0.0625Dow24283.11+0.12%Nasdaq7561.63+0.39%S&P2723.06+0.22% The Metals: Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York...Read More
By Ira EpsteinGold makes new lows for 2018.https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. I don't like to spend a lot of time in the grocery store but I love the price sales, and gold's superb seasonal price sale continues in orderly fashion. 2. Astute investors are now calmly booking fabulous gold and silver put option profits, and filling their "grocery carts" with modest amounts of quality mining stocks.3. Please click h...Read More
By Ricky WenMonday was a fairly fast-paced trading day. It started with Sunday night weakness at around 2740 in the Emini S&P 500 that continued into the regular trading hours. Essentially, the bears accelerated the downside flush by piercing below last week's 2735.75 level immediately after the open and dropping into one of our key support areas at 2720. That proved to be pivotal as that lev...Read More
Do you have enough of constant fluctuations, changes in the short-term trends? Are you tired of checking the gold prices all the time? Good, so let's rest from the daily hustle and bustle and focus today on what will be in thirty years. The Next 30 Years for Gold In May, the World Gold Council published a report titled "Gold 2048: The next 30 years for gold." The publication starts with the G...Read More
By Ronan Manlyhttps://www.bullionstar.com/One of the more interesting developments in the gold mining sector at the moment is the impending launch of an investor alliance called the Shareholders Gold Council (SGC) whose objectives focus on reversing the poor shareholder returns and underperformance that has been dogging the sector's leading gold mining stocks for some time now.This new 'Council'...Read More
By Steve St. AngeloAs U.S. gold exports to Hong Kong and China fell 25% in the first four months of the year, London picked up the slack. According to the USGS, U.S. gold exports to London surged more than doubled from January to April, compared to the same period last year. Interestingly, the amount of gold exported to London during this period nearly equaled the total U.S. domestic gold mi...Read More
By Frank HolmesBefore being defeated today by Uruguay at the 2018 FIFA World Cup, Russia surprised experts and fans alike. Expectations were low at best. Because of recent setbacks, including a disastrous performance at the 2016 UEFA European Championship and injuries sustained by key players, the federation ranked a dismal 66th place among F?d?ration Internationale de Football Association teams...Read More
Source: Michael J. Ballanger for Streetwise Reports 06/25/2018 Precious metals expert Michael Ballanger discusses recent activity in the precious metals markets and what it may signify. -->My last missive was entitled "Gold's Relative Strength Index indicating a bottom is here," and it was dispatched at noon on Thursday but was written that morning after I had tweeted out the following:Mich...Read More
Source: Jack Chan for Streetwise Reports 06/25/2018 Technical analyst Jack Chan charts the latest moves in the gold and silver markets. --> Our proprietary cycle indicator is up. 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 si...Read More