A spodumene outcrop on the 92 Resources Corvette property in Quebec. Spodumene is the hard rock mineral of lithium. Source: 92 Resources Corp.92 Resources Corp. [NTY-TSXV, RGDCF-OTC] said Monday January 29 that it is gearing up to drill its Corvette lithium property in the James Bay Region of Quebec.Investors reacted positively to the news, sending 92 Resources shares up 13.5% or $0.015 to 12.5 ce...Read More
Tight supplies and trader buying continued to push spot cobalt prices higher in the week ended Friday January 26, but currency moves deterred large spot purchases of cobalt in the second half of last week.Metal Bulletin assessed low-grade cobalt prices at $36.95-38.25 per lb, in-warehouse, on Friday, up from $36.90-37.80 per lb at the midweek assessment, and $36.75-37.40 per lb on January 19....Read More
European antimony prices rose on a weekly comparison on Friday January 26 amid tightening supply while Chinese prices were unchanged. Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,200-8,500 per tonne on Friday, unchanged from the midweek assessment but higher week on week from $8,100-8,400 per tonne. Trioxide grade antimony prices in-warehous...Read More
Turkish steel producers extended their silence in the deep-sea scrap markets at the start of this week, but they still expected to book more cargoes for February, sources said on Monday January 29.Turkish mills were expected by several market sources to book five or six more cargoes for shipping in February, but they were postponing their scrap purchases due to low demand for...Read More
Perseus Mining Limited (ASX/TSX: PRU) is a strong, diversified West African-focused gold production, development and exploration company. With a solid project portfolio, Perseus is implementing a growth strategy designed to transform the company into a 500,000-ounce per year gold producer, with three operating mines in West Africa by 2020. We learned from Jeff Quartermaine, Managing Director and C...Read More
Turkish domestic scrap prices have fallen over the past week, in line with weakening imported scrap values, sources said on Monday January 29.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,210-1,400 ($322-373) per tonne delivered, down from last week's $1,300-1,440 per tonne.The fall in the weekly assessment came after steel mills lowered their...Read More
Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc., is the founder and former Chairman and CEO of Goldcorp Inc., which is one of the largest gold producers in the world. During the last thirteen years, when Mr. McEwen was Goldcorp's CEO, the company's market capitalization grew from $50 million to over $8 billion and its share price grew at a compounded annual rate of 31%. Mr. McEwen was a...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Has Gold Bottomed?Source: Jack Chan for Streetwise Reports January 29, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest movements in the gold and silver markets.Our proprietary cycle indicator is up.Gold sector is on a long-te...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Final Assay Results from GTA's (TSXV: GTA) Big Duck Lake Project Produces "Bonanza" Grade of 823.1 Gold/tonne Over 0.5 Metres Burlington, Ontario - January 29, 2018 (Newsfile Corp.) (Investorideas.com Newswire) GTA Mining and Resources Inc. ("GTA" or the "C...Read More
Commodity markets were mixed on the morning of Monday January 29, with Comex copper picking up a little buying in start-of-week trading.Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.3 cents or 0.1% to trade recently at $3.2020 per lb. Prices have been volatile over the past week, with the weaker dollar - it remains around its lowest in more than...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop ePower Metals Inc. (TSXV: EPWR) Comments on Usgs Report Which Designates Cobalt as a Critical Element and the President's Subsequent Executive Order to Expedited Development of Cobalt Projects in the United States of America. Vancouver, British Columbia - J...Read More
Via Sovereignman.comAfter having traveled to more than 120 countries in my life, the only person I know who's been to more places than I have is Jim Rogers.Jim is a legend- a phenomenal investor, author, and all-around great guy.(His book Adventure Capitalist is a must-read, chronicling his multi-year driving voyage across the world.)Some time ago while we were having drinks, Jim remarked that h...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Palamina (TSXV: PA) Secures 85% of the Watershed Surrounding Numerous Alluvial Gold Showings at the Gaban Gold Project Toronto, Ontario - January 29, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Palamina Corp. (TSXV: PA) has purchased the mining right...Read More
Base metals prices on the London Metal Exchange are stronger by an average of 1% this morning, Monday January 29. Nickel and zinc prices lead the way with gains of around 2%, followed by lead prices that are up by 1% and copper prices ($7,147 per tonne) that are up by 0.8%, while aluminium and tin lag with gains of 0.2% and 0.1% respectively.Volume has been strong with 13,382 lots traded as of 07....Read More
CloseGain/LossGold $1342.00-$7.60Silver$17.18-$0.23XAU87.47-3.15%HUI195.77-3.73%GDM663.35-2.82%JSE Gold1300.17-12.92USD89.36+0.26Euro123.83-0.41Yen91.91-0.06Oil$65.56-$0.5810-Year2.691%+0.032T-Bond148.15625-0.59375Dow26439.48-0.67%Nasdaq7466.51-0.52%S&P2853.53-0.67% The Metals: Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours,...Read More
Trading activity in the market for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) has remained low over the past seven days because there have been few offers of March-rolled material."Mills have sold out their February-rolled material and now they are cautious, because there is a threat that the market will turn around," a trader told Metal Bulletin on Monday January 29.He added that...Read More
By Craig HemkeHmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I only post it here as a demonstration of typical Apologist garbage: https://www.silverdoctors.com/gold/gold-news/keith-we...Read More
Source: Jack Chan for Streetwise Reports 01/29/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.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.Gold sector is on a short-term buy signal.Short-term signals can...Read More
Peter Schiff of Euro Pacific Capital explains why he thinks we're headed toward the biggest bear market in the dollar's history. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investm...Read More
India's JSW has launched a bid to purchase steelmaker Monnet Ispat Steel, representatives of both companies confirmed to Metal Bulletin on Monday January 29.If successful, the acquisition would give JSW a stronger presence in the Indian domestic plate and bar sectors, where it currently trails competitors including Essar Steel and Jindal Steel and Power (JSPL). Monnet Ispat owns an integrated stee...Read More