"The silver market is right now absolutely primed for a massive move to the upside" Here's why...by Michael Ballanger of Streetwise ReportWould it be that a picture is worth a thousand words? In the case of the graphics posted below, in a word, yes!Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and go...Read More
By Frank HolmesIn a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.click to enlargeI forecast then that we could see another "Fed rally...Read More
Seaborne iron ore prices and trading stayed lackluster on Tuesday March 27 although futures and steel markets have experienced a rebound.Key driversChina's steel and iron ore futures bounced up in the morning and ended with gains, despite a correction in the afternoon.The country's spot rebar and hot-rolled coil prices also increased 20-40 yuan ($3.20-6.40) per tonne during the day.Those have boos...Read More
By Gordon LongLet's start by making sure we understand the terminology we will be using in our discussion today. Too many times I hear people use these terms in the wrong and often confusing context.LIQUIDITY: is about AVAILABILITY of Money & Credit. This is the role of the central bankers, that is to ensure there is always sufficient but not excessive Money Supply available. Historically the pr...Read More
Reporting By Greg Torode and James Pearson, additional reporting by Ben Blanchard. Editing by Lincoln Feast.Continue...Read More
SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More
The inferred mineral resource at December 31, 2017, was 3.36 million ounces of gold (including refractory) at 3.93g/t, increased primarily through exploration at the Wassa underground gold mine in western Ghana. This compared with the 3.13Moz at 4.77g/t at the end of 2016.Measured and indicated mineral resources were largely unchanged on the year at 4.4Moz of gold, while proven and probable minera...Read More
Prices for imported billet in the United Arab Emirates fell this week on lower offers, while strong demand pushed up domestic rebar prices, sources told Metal Bulletin on Tuesday March 27.Demand for imported rebar in both the UAE and Saudi Arabia remained weak, however. Domestic rebar The major rebar producers in the UAE announced new rebar prices on Monday, March 26. The biggest steel p...Read More
SHANGHAI, Mar 27 (SMM) – The current high copper inventories at global exchanges are set to impose further pressure on the already weak prices, SMM believes.Copper inventory at LME grew 31,225 mt on Tuesday March 27, after it jumped 35,000 mt a day before. This lowered stocks to 383,975 mt, the highest level since May 2017. Cancelled warrants stood at 11.8% on Tuesday, down from 13...Read More
The scoping study, carried out by project development consultants BatteryLimits, shows Mahenge could produce an average 49,000 tonnes per annum of high-quality graphite products during a 32-year mine life at an operating cost of US$408 per tonne based on an average life of mine grade of 12.5% total graphite carbon (TGC).Read More
Toronto, Ontario (March 27, 2018) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShares WithheldAlb...Read More
China's domestic rebar prices bounced back slightly on Tuesday March 27 amid a pick-up in trading activity following several days of big losses. Domestic Eastern China (Shanghai): 3,440-3,520 yuan ($547-560) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, up 20-30 yuan per tonne Rebar futures rose sharply during the morning trading session, hitting a high o...Read More
The sales price was above BMO Capital Markets' estimate of around $1.3 billion based on a 10% discount rate.Read More
RAPAPORT... Sotheby's New York April sale will feature gems andartifacts from jeweler Fred Leighton's personal collection, theauction house said Monday.The event, which will take place April 18, includes jewelry pricedbetween $5,000 and $100,000. Furniture and decorative arts fromthe 17th to 20th centuries that Leighton accumulatedin his Manhattan home will also go under the hammerLeighton, who di...Read More
Buying activity in the CIS export billet market was close to zero in the week ended Monday March 26 due to the mismatch between offers and bids.While mills were trying to hold offers stable, customers reduced bids on negative sentiment in the global market, set by the Chinese market crash last week, and the expectations of change after the introduction of protective tariffs against steel imported...Read More
(IDEX Online) - Mountain Province Diamonds Inc. said that 2018 has seen a strong start in rough diamond markets. "The first two sales of the year substantially exceeded expectations, and prices have firmed across all product categories since the second half of 2017," said Interim President and CEO David Whittle. Announcing its financial and operating results for the full year ended...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds recovered 379 716 ct of diamonds from its Liqhobong mine, in Lesotho, in the six months to December 31.CEO Stuart Brown said in a statement on Tuesday that commercial production at the mine had started on July 1 and that the operation recorded zero lost-time injuries over the first six months of full-scale production, with more...Read More
SHANGHAI, Mar 27 (SMM) – Spot copper in the Shanghai market saw more active trading as SHFE copper rebounded to around 49,500 yuan/mt today. Spot prices stood at a smaller discount of 200-130 yuan/mt. High-quality copper traded at 49,230-49,340 yuan/mt and standard quality copper traded at 49,200-49,300 yuan/mt with adequate supply.With fewer supply sources, hydro-copper was also favour...Read More