Base metals traded on the London Metal Exchange are for the most part weaker on Wednesday January 3, led by a 1% fall in nickel prices to $12,530 per tonne. The rest are off between 0.4% for copperand 0.8% for aluminium, while tin is bucking the trend with a 0.5% rise. Volume has been light, with 5,367 lots traded as of 06:35 am London time. This comes after a mixed performance on Tuesday that saw...Read More
Gold prices weakened in the Asian morning trading session on Wednesday January 3 as the dollar rebounded following the release of strong US economic data.The spot gold price was recently quoted at $1,312.55/1,312.90 per oz, down $7.42 from the previous trading day's close. Trade has ranged from $1,311.90 to $1,321.30 per oz so far today. The US dollar index on Wednesday morning was up 0.06 to 91.8...Read More
Good morning from Metal Bulletin's offices in Asia, bringing the key news and market stories on Wednesday January 3. Zinc prices on the Shanghai Futures Exchange (SHFE) were well supported by falling overseas stock levels in Asian morning trading on Wednesday January 3, while copper pared overnight gains. Check Metal Bulletin's live futures report here. LME snapshot at 0202 London timeLatest 3M&nb...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 3:Aluminium scrap Group 1 pure 99% & litho:...Read More
Indonesia's government has extended Freeport-McMoRan's special mining license (IUPK) for the Grasberg copper mine to June 30, sources told Metal Bulletin on Wednesday January 3. "The agreement to extend the export permit in Indonesia is done. The official permit will take some days," a source said. The IUPK issued to PT Freeport Indonesia, a subsidiary of US-based Freeport-McMoRan, is valid betwee...Read More
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 investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Gold is looking to confirm that it is in the early stages of the next leg of a bull market which began in December 2015.Continue...Read More
RAPAPORT... Bonhams has appointed Jean Ghika as global director of finejewelry, the London-based auction house announced. She will supervise sales inLondon, New York, Hong Kong and Los Angeles.Ghika's promotion comes after 25 years at Bonhams, where shewas most recently director of jewelry for the UK and Europe. She has beenresponsible for several world records the company achieved during her...Read More
Dr. Roberts discusses the evidence-or the lack of it-for the accusations that Russia colluded with the Trump campaign to throw the election to Trump. Continue...Read More
LONDON, 3 January 2018 - BullionVault's latest Gold Investor Index features today at What Investment, a leading personal finance magazine for UK investors."The old year ended with a bang for gold investing," says the magazine, "as demand hit a 13-month high at online and mobile platform, BullionVault."Quoting BullionVault's data and analysis in depth, its customers "added almost two-thirds of a to...Read More
The third trial of Cliven Bundy has ended in a mistrial. The prosecution failed to turn over documents that would have helped the defense.Two earlier trials ended in hung juries. On January 8th, a judge will decide if the case will be dismissed “with prejudice,” meaning that it cannot be once again brought to trial.This all started two years ago when Cliven Bundy asserted his rights...Read More
A longitudinal section of the PLS property including the Triple R deposit and multiple opportunities for expansion. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium Corp. of Kelowna, B.C., has received assays from three of the highest grade holes drilled to date at its Patterson Lake South project in the Athabasca Basin. The holes were drilled in the R780E zone as part of a metallurgical stu...Read More
Calgary, Alberta (January 3, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has successfully completed its second and final drilling program of 2017 on the Toughnut Property near Nelson in southeastern British Columbia.A total of 11 diamond drill holes were completed totalling 1,729.96 meters from 7 drill p...Read More
Harry Dent is the reigning expert on demographic trends, consumer fundamentals, and bubbles. He is known for his unique research into how demographic and consumer cycles in spending impact our economies around the world. Throughout his long career as an economic forecaster, he has relied largely on demographics as the key indicator of things to come, accurately predicting the Japanese bust in '89...Read More
Eric Coffin and ALLEGIANT's Chairman, Robert Giustra discuss the company and it's 14 project portfolio at the Metals Investor Forum in Vancouver. Allegiant Gold (AUAU: TSX-V) is in the final stages of its spin-out from Columbus Gold (CGT: TSX).Read More
Jayant Bhandari the host of the highly acclaimed Capitalism & Morality sits down with Maurice Jackson of Proven & Probable to discuss Fanaticism, Novo Resources, Irving Resources, and Arbitrage Opportunities. Mr. Bhandari shares with listeners a growing concern he sees in India with religious fanaticism and the affects it will have on the country. Comparisons are made with Pakistan, which took t...Read More
The third trial of Cliven Bundy has ended in a mistrial. The prosecution failed to turn over documents that would have helped the defense.Two earlier trials ended in hung juries. On January 8th, a judge will decide if the case will be dismissed “with prejudice,” meaning that it cannot be once again brought to trial.This all started two years ago when Cliven Bundy asserted his rights...Read More
At the conclusion of 2016, I issued the following top picks for 2017.Heading into 2017, I was quite bullish on: Birimian Limited (BGS.AX/EEYMF), Critical Elements (CRE.V/CRECF), and Ivanhoe Mines (IVN.TO/IVPAF).How did we end up doing?From the 2017 CEO Stock Picking Contest (shout out to @Evenprime for all his hard work!).BGS.AX up 127%CRE.V up 233%IVN.TO up 67%On the whole, the top 3 picks for 2...Read More
Last year I predicted that oil, specifically West Texas Intermediate, would end the year with a price of $61.55 a barrel. On the last trading day of the year, it closed at $60.28. I apologize for falling short.As I write this, WTI is trading at $60.85, and it is in a solid uptrend. The price of crude has been going up since January of 2016. As you can see by the chart above, it is now at a crucia...Read More
Source: Thomson Reuters Datastream; BMG Group Inc.Read More