Rio Tinto is in preliminary talks to sell its stake in the Grasberg mine to the Indonesian government, according to the chief executive officer of Freeport-McMoRan.The US company, which operates the Grasberg mine through its 90.64%-owned PT Freeport Indonesia (PT-FI) subsidiary, is providing information to assist the sale process but has no control over its outcome, Richard Adkerson said. "The Ind...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Bell Copper (TSXV: BCU): Assay Information and Interpretation from the Kabba Project Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") is pleased...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Labrador Gold (TSXV: LAB) Announces Results of Hopedale Exploration ProgramDistrict scale anomalous gold found along Florence Lake greenstone belt Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Labrador Gold Cor...Read More
Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop ML Gold (TSXV: MLG) Begins Geophysics at Stars Project in Central BC Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) ML Gold Corp. (TSXV: MLG) ("ML Gold" or the "Company") is pleased to report it has mobilized a...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF)Commences Operations On Slattberg Cobalt-Nickel-Copper Project in Sweden Vancouver, British Columbia - January 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Sienna Resources (TSXV: SIE) (F...Read More
You could turn $100 into a fortune!That is why ICOs (Initial Coin Offerings) boomed last year. New projects launched their own digital tokens. Everyone wanted to get in on the bottom of a skyrocketing cryptocurrency.Bitcoin easily fueled that desire. If you put $100 into Bitcoin in January of 2012, you would be sitting on over 200 grand now, assuming you didn’t get excited and sell when Bitc...Read More
Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 9...Read More
Russia's Magnitogorsk Iron & Steel Works (MMK) has increased its production of downstream products 6.1% year on year in 2017 amid improved demand from the automotive industry and railcar producers.The company's range of downstream products includes tin plate, galvanized steel, polymer-coated steel, band, formed sections and pipes.In total, the company produced 2 million tonnes of various downstrea...Read More
Buying activity in the Iranian flat steel import market remained sluggish in the week ended Wednesday January 24, while local prices were more competitive to import.Iran's national currency - the rial (IRR) - continued to devalue against the US dollar, which made import prices less attractive compared to domestic ones.On Wednesday January 24, $1 was equivalent to IRR 36,567, while on January 17, $...Read More
China's prices for hot-rolled coil widened upward on Thursday January 25 after the paper market surged following the release of data showing a drop in supply.DomesticEastern China (Shanghai): 4,080-4,130 yuan ($639-647) per tonne, widen upward by 30 yuan per tonne Northern China (Tianjin): 3,940-3,970 yuan per tonne, widen upward by 10 yuan per tonnePrices for some specifications of HRC that are s...Read More
CloseGain/LossGold $1348.00-$9.70Silver$17.30-$0.26XAU89.91-2.36%HUI202.24-2.38%GDM678.63-1.46%JSE Gold1327.01+13.06USD89.28+0.03Euro124.17+0.15Yen91.65-0.11Oil$65.51-$0.1010-Year2.618%-0.034T-Bond149.40625+0.9375Dow26392.79+0.54%Nasdaq7411.16-0.05%S&P2839.25+0.06% The Metals: Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back toward...Read More
Turkish domestic long steel prices have remained firm over the past week despite strong demand, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for domestic rebar was $570-580 per tonne ex-works on January 25, widening upward from the $570-575 per tonne of last week.The domestic rebar...Read More
By Ira EpsteinPresident Trump tries to back yesterday's comment by Treas. Sec. Mnuchin on weak US Dollar being good for trade, which sends metals sharply lower intraday. https://www.iraepstein.com/ Read More
By Peter DegraafWe've all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart - cou...Read More
Turkish rebar and wire rod export prices have fallen over the past week, in line with the weak demand in the country's major export markets and decreasing imported scrap costs, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for rebar exports out of Turkey on January 25 was $550-560 per tonne fob, down from the $565-570 per tonne...Read More
Top silver market expert David Morgan tells Silver Doctors the gold and silver markets have just seen a significant positive change in momentum. As soon as Treasury Secretary Steve Mnuchin said at the World Economic Forum a weak U.S. dollar was good for trade, the U.S. dollar slumped to a three-year low, sending gold above it's key resistance point of $1,350. Silver also spiked, outperforming gold...Read More
LETTER TO THE EDITORDear Mr. Kosares,I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like "sell-cryptos-buy-gold," but it is never told what will happen when there is indeed hyperinflation.It is said that the gold price can rise many fold. But if this happen...Read More
Dr. Joseph Tainter has a PHD from North Western University, Studied Anthropology at the University of CA, Berkeley, is currently a Professor in the Department of Environment and Society Studies at Utah State University and is the author of The collapse of Complex Societies.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Unfortunately, as we demonstrated in Part 1 and further demonstrate below, the underlying Economic Reality was and still is that the Economy is not healthy and not recovering which is obvious when one looks at the Rea...Read More