The Turkish deep-sea scrap import market had another quiet day on Thursday March 22, with the country's steel mills absent from trading for a second week, sources said.There has been no significant trading since the mills in the Middle Eastern country stepped back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following its Sectio...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Gold-Silver Mining Development Firm to Sell Its Nevada AssetsSource: Streetwise Reports March 22, 2018 (Investorideas.com Newswire) Three analysts shared the details and their opinions of the proposed transaction.Analyst Jamie Spratt with Claru...Read More
By: Nicholas LePan, GoldSeek.com As Gold prices have stabilised, large operators are looking to grow their resources to support their processing operations and to maximize returns on capital expenditures by extending the life of the mine, this bodes well for junior miners that are well positioned near producing mines. Eagle Plains Resources Ltd. (TSX-V: EPL) is one junior that holds a significa...Read More
Danielle Dimartino-Booth says Fed Chair Jerome Powell's plain-language is a big change from previous heads of the U.S. central bank.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed...Read More
Asian zinc alloy users from different sectors are quickening their pace to test new alternative raw materials following the price hike last year, major zinc alloy distributor Lee Kee Group told Metal Bulletin in an interview."We talk very often with downstream zinc users. For substitution, the zinc price is only one of the concerns. Yet the high price gap between zinc and aluminium has definitely...Read More
By Frank HolmesWith interest rates continuing to creep up, there's a changing of the guard at the Federal Reserve. In my travels and during conferences, I've spoken with many fixed-income investors who wonder how they can best prepare for the uncertainty these changes might bring. I'll share my favorite idea below, but first, a few words on the new head of the Fed, Jerome Powell. The U.S. Senate...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop 92 Resources Corp. (TSXV: NTY) (OTCQB: RGDCF) Frac Sand Potential Enhanced at Golden Metallurgical Silica and Frac Sand Project, BC Vancouver, British Columbia - March 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) 92 Resources Corp. (T...Read More
Technical analyst Clive Maund talks about the world's largest and lowest cost producer of both lead and silver.South32 Ltd. (S32:ASX) has the distinction of owning the giant Cannington Mine, the world's largest and lowest cost producer of both lead and silver, which is good to know, since we are of the opinion that silver is at a very low price and is an extremely good value investment here. The c...Read More
By Dave KranzlerThe stock market is more overvalued now than at any time in U.S. history. Sure, permabulls can cherry pick certain metrics that might make valuations appear to be reasonable. But these metrics rely on historical comparisons using GAAP accounting numbers that simply are not remotely comparable over time. Because of changes which have liberalized accounting standards over the last...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Explorex Resources Inc. (CSE: EX) (FSE: 1XE) (OTC Pink: EXPXF) Announces Signing of Letter of Intent to Acquire Development Stage Co-Ni-Cu Deposit in Finland Vancouver, British Columbia - March 22, 2018 (Newsfile Corp.) (Investorideas.com Newsw...Read More
George Topping, an analyst with iA Securities, discussed the business combination arrangement on the table between the two mining companies. Rye Patch's Florida Canyon MineGeorge Topping, an iA Securities analyst, reported in a March 19 research note that Rye Patch Gold Corp. (RPM:TSX.V; RPMGD:OTCQX) announced that Alio Gold would acquire all of its outstanding shares. "While the offer for Rye P...Read More
CloseGain/LossGold $1328.30-$5.10Silver$16.39-$0.21XAU79.39-1.49%HUI171.70-1.60%GDM601.72-1.28%JSE Gold1089.96+23.19USD89.78+0.13Euro123.11-0.36Yen95.09+0.47Oil$64.30-$0.8710-Year2.821%-0.061T-Bond144.90625+1.40625Dow23957.89-2.93%Nasdaq7166.68-2.43%S&P2643.69-2.52% The Metals: Gold chopped between $1327.50 and $1333.80 in Asia before it fell to a new session low of $1324...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop An Attractive Speculative Gold PlaySource: Clive Maund for Streetwise Reports March 22, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund charts a gold explorer that he believes has the "potential to take off higher suddenly on po...Read More
– Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday– Gold climbs as Fed increases interest rates by 0.25% – now 1.5% to 1.75% range– Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018 – Markets disappointed at lack of hawkish comments from new Fed Chair – Dollar LIBOR rises to highest level since November 2008 &nda...Read More
The company released its 2017 annual audited financial results. Trevali's worldwide projectsTrevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) recently released its audited annual financial results for 2017. The company had net income of $20.2 million, or $0.03 per share, and EBITDA of $101 million on total revenues of $330.5 million. Fourth quarter net income was $25.2 million, or $0.03 per shar...Read More
Comex copper prices failed to maintain Wednesday's gains in US morning trading on Thursday March 22 with the dollar recovering after falling under pressure from the US Federal Reserve meeting. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.30 cents or 0.8% to $3.0365 per lb. The red metal saw relief yesterday after the United States central bank indicate...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop As Miner Plans Merger, Deep Drilling Reveals High-Grade Mineralization Below DepositSource: Streetwise Reports March 22, 2018 (Investorideas.com Newswire) A Colombia miner has announced a ramp-up, an amalgamation and high-grade drill results al...Read More
His hand didn't shake. Powell hiked interest rates at the first FOMC meeting with him as the Chair. But the key factor for the gold market is what he signaled about the future path of the federal funds rate. The crucial word is "three", not "four". Another Meeting, Another HikeIn line with expectations, the FOMC acknowledged the improved economic outlook and raised interest rates again. The key...Read More