This week was a doozy for trying to get some sense of where investors are leaning. Volatility is the only clear winner, as the markets have moved strongly in either direction on bad news and/or good news.On Thursday, the blame for another strong sell-off went to steel and aluminum tariffs that will be applied to Mexico, Canada, and the Eurozone, much as the administration did earlier this year as...Read More
A positive US jobs report hurt gold and silver prices on Friday. Meanwhile, copper recovered and oil prices diverged.Read full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort193,65278,52252,942171,361308,050417,955439,514Change from Prior Reporting Period 3,975-20,198-2,664-31,740-10,626-30,429-33,488Traders18874734757268176 Small Speculators LongShortOpen Interest 51,42729,868469,382 -3,131-72-33,560 non reportable positionsChange from the previous...Read More
By: Avi GilburtThe great majority of market participants believe that "the fate of markets is inextricably intertwined with the ebb and flow of geopolitics." So, if I share with you "secret" news that will hit the wires next week, you should be able to make a killing with such information. Right? While I strongly disagree with this proposition, at least based upon my in-depth study of decades of...Read More
By: Peter DegraafCharts courtesy Stockcharts.comFeatured is the weekly gold chart. The green arrows point to 'upside reversals', developing after price dropped below the 50WMA. The blue arrows point to a positive follow-through, following an upside reversal. A similar situation back in December enabled gold to rise for 5 out of 6 weeks! The current rise has the potential to jump above th...Read More
By: Ira EpsteinIra Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Link to Our Website: https://www.iraepstein.com Read More
Published Thursday, May 31, 6:30 p.m.. EDTThe Dow Industrials held up surprisingly well on Thursday, considering the scary news about tariffs. Two months ago, talk of a global trade war sounded like just another ginned-up story from a news media desperate for headlines. In fact, however, Trump's latest levies, which effectively cancel existing exemptions for steel and aluminum imports from Cana...Read More
US president Donald Trump every now tweets policy changes first and later informs the press or media. He is Nerd American president who whose tweets and policies treats American friends and foes on the same footing. The intent of the Trump's policy to "make America great again" is appreciable. But his ways to communicate has made him the punters favorite. Trade tariffs on steel and aluminum prod...Read More
Fremont Gold (TSXV:FRE) (Read full newsRead More
LIMA, June 1 (Reuters) - China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday.The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan....Read More
Miners are responding to a rosier metal outlook by increasing spending on exploration and releasing more assay results.Base metal prices are up. Copper bounced off its 2015 nadir of $4,500 a tonne and in the last few months has found a range of $6,600 to $6,700 a tonne, a metal price that ING says is good level to sustain investment. Nickel is on a tear. It jumped to $15,340 a tonne today, its hig...Read More
The major silver miners' stocks remain deeply out of favor, languishing near multi-year lows. Of course that reflects investors' lack of interest in silver itself. It has greatly lagged, not following gold higher like usual over the past year and a half. That's really torpedoed silver-stock sentiment, making for a challenging environment for silver miners. But they're weathering it as thei...Read More
(Bloomberg) - Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening.The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru next year as community resistance eases, Chief Financial Officer Raul Jacob said Thur...Read More
(Bloomberg) - The Democratic Republic of Congo's Supreme Court ruled a provincial tribunal can hear a case brought by the state mining company to dissolve a unit of Glencore Plc.The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation. Glencore-controlled Katanga Mining Ltd. had challenged the Kolwezi Commercial Court's competence t...Read More
LONDON, June 1 (Reuters) - So the trade wars begin.As of today the United States will impose tariffs on imports of steel and aluminium from Canada, Mexico and the European Union (EU).Canada and Mexico have already responded in kind. The EU won't be far behind.Steel and aluminium are but pawns in a bigger trade game, the unique characteristics of each supply chain forgotten as the U.S. administrati...Read More
WASHINGTON/BRUSSELS, June 1 (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting the two U.S. allies and Mexico with import tariffs on their steel and aluminium.Trump castigated Canada in a tweet on Friday morning, saying it had treated U.S. farmers "very poorly for a very long period of time"."High...Read More
Shares in Chilean lithium producer SQM (NYSE:SQM) trading in New York in the form of ADRs declined more than 3% on Friday dropping the market value of the company to $14 billion following the auction of a large block of shares.Canadian fertilizer company Nutrien auctioned its remaining stake in SQM for nearly $1 billion. Reuters reports the nearly 20.17 million B-series shares in SQM sold on Chile...Read More
Nominations for the second MiningNews.net Annual Awards for Excellence open todayRead full newsRead More
* Company expects to see fruits of past investments in 2019Read full newsRead More
Gold Mining Stock Outlook - June 2018Read full newsRead More