Comex copper prices softened in Tuesday morning trading in the United States, with supply issues easing after BHP and unions reached a new labor agreement.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.85 cents or 0.3% to $3.2485 per lb. "Metals ended mixed yesterday, with copper leading the way down as potential labor concerns out of Chile...Read More
VANCOUVER - Tahoe Resources Inc. named James Voorhees as the company's new president and chief executive.He replaces Ronald Clayton, who is retiring effective Friday.Voorhees has been a Tahoe director since its inception in 2010 and will remain a director following his appointment to the top job.Before joining Tahoe, Voorhees was chief operating officer at Glamis Gold Ltd. from 1999 to 2006.He als...Read More
American Manganese Inc. (TSX.V: AMY; OTC-US: AMYZF; FSE: 2AM) is a diversified specialty and critical metals company, focused on capitalizing on its patented intellectual property, through low cost production and recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium ion rechargeable batteries. We learned from Larry W. Reaugh, President an...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week because of the expected start of the Islamic Eid al-Fitr holiday, sources told Metal Bulletin on Tuesday June 12.Buyers preferred to postpone booking activity during the holy month of Ramadan, which started in mid-May. The holiday, marking the end of the holy month, will start toward the end of this week.Wo...Read More
China's major steel mills lowered their daily crude steel output rates in late May after prices experienced a sharp drop during the period. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the last 11 days of May, down 2.5% from 2 million tpd in the second 10 days of...Read More
June 12, 2018 (Investorideas.com Newswire) Diamond drill results at Cui?? Cui?? project in northern Brazil confirm resource estimates from a 2011 report.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) announced release of its 2018 NI 43-101 Mineral Resource Estimate for its Cui?? Cui?? project in Brazil on June 7. When comparing apples to apples, those results confirmed resource estimates produced in...Read More
June 12, 2018 (Investorideas.com Newswire) Two projects on a mining-friendly tropical island are moving forward, one in the final ramp-up to production and one at a very early stage.Thoughts of Fiji conjure up the tropics, beaches and sunshine, but the island nation is also noted for its mineral production. The Vatukoula mine, in operation for over 80 years, has produced more than seven million ou...Read More
June 12, 2018 (Investorideas.com Newswire) 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 buy signal. Short-term signals can last for days...Read More
June 12, 2018 (Investorideas.com Newswire) Howard Klein of RK Equities and the "Lithium-ion Bull" newsletter expresses his thoughts on several different segments of the lithium market.Lithium equities these past two or three years have often been the land of the Deaf, Dumb and Blind: Most Institutional Investors, Certain Sell-side Analysts, and Mass Affluent Retail are playing bitcoin, cannabis an...Read More
June 12, 2018 (Investorideas.com Newswire) Acquisition adds a resource in a prolific Canadian gold district.GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) recently announced an agreement with Richmont Mines Inc. for the purchase and sale of a 100% interest in the Sewell Property for 390,930 GFG common shares. This property is contiguous to parts of the eastern boundary of the Pen Gold Project. GFG's...Read More
China's ferrous futures remained mixed during morning trading on Tuesday June 12, this time with coking coal and coke contracts recording solid increases amid price gains in the physical seaborne market.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,819 yuan ($596) per tonne, up 5 yuan per tonne October hot-rolled coil: 3,934 yuan per tonne, down 9 yuan per ton...Read More
Brazil's long steel import volumes fell by 37.2% year-on-year in May 2018, with reduced shipments from China and South Korea, the country's two biggest sources of such products.Imports of non-alloyed long steel products amounted to 12,355 tonnes last month, compared with 19,662 tonnes a year earlier, according to figures released by Brazil's foreign trade ministry, MDIC, last week.Imports of long...Read More
Prices for rebar and steel billet were stable and demand was low in the United Arab Emirates and Saudi Arabia this week because of the imminent Eid al-Fitr holiday, sources told Metal Bulletin on Tuesday June 12.The Eid holiday will mark the end of the Islamic holy month of Ramadan, and will start toward the end of this week.Domestic rebarMajor rebar producers in the UAE announced new rebar prices...Read More
Turkish steel mills resumed their deep-sea transactions for July deliveries on Tuesday June 12, following a downturn in prices.The mills in the country were quiet at the beginning of the week due to increasing offers, and paused their deep-sea bookings in expectation of lower prices, according to market sources.But a steel producer in the Iskenderun region came to the market on...Read More
The price gap between different grades of iron ore continued to hold up on Tuesday June 12 amid modest gains for this segment of the steelmaking raw materials market during the day.Metal Bulletin 62% Fe Iron Ore Index: $67.23 per tonne cfr Qingdao, up by $0.48 per tonneMetal Bulletin 58% Fe Premium Index: $54.29 per tonne cfr Qingdao, up by $0.45 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88....Read More
CloseGain/LossGold $1296.10-$4.30Silver$16.86-$0.07XAU83.82+0.22%HUI180.26+0.05%GDM627.16-0.00%JSE Gold1060.05+0.27USD93.80+0.22Euro117.51-0.34Yen90.65-0.27Oil$66.36+$0.2610-Year2.960%+0.007T-Bond143.6875+0.03125Dow25320.73-0.01%Nasdaq7703.79+0.57%S&P2786.85+0.17% The Metals: Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late...Read More
Source: Jack Chan for Streetwise Reports 06/12/2018 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 buy signal. Short-term sig...Read More
Graceland Updates By Stewart Thomson 1. A negative divergence between gold and silver occurred in May 2011. Now, the opposite situation is in play; a positive divergence is occurring. 2. Please click here now. Double-click to enlarge this daily gold chart.3. Gold made a minor trend low at the start of May, and another one a few weeks later.4. Please click here now. D...Read More
By Stefan GleasonPresident Donald Trump recently took to Twitter to boast, "The U.S. has an increased economic value of more than 7 Trillion Dollars since the Election. May be the best economy in the history of our country. Record Jobs numbers. Nice!""We ran out of words to describe how good the jobs numbers are," reported Neil Irwin of the New York Times, amplified in a Trump retweet.If you bel...Read More
Over the weekend, the Swiss voters rejected the campaign to radically alter banking system, while President Trump withdrew his support for the joint statement of G7 and arrived in Singapore for a historic summit with North Korean leader Kim Jong Un. The Fed and the ECB are expected to tighten their monetary policy in tandem. It will be a hot period for the markets. Will gold blaze? Switzerland...Read More