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Why I'm Increasing My Position In Gold

July 22, 2019 / seekingalpha.com

Gold is robust and sometimes anti-fragile making it a great addition to any portfolio especially with an uncertain future.Expanding debt in the corporate and government sector eludes to an uncertain future.Owning tangible gold is the best method for hedging.I have increased my position in gold because I feel uncertainty about the future has increased. Gold has long been a commodity that is robust...Read More

DAILY SCRAP REPORT: Prices up on new Baltic Sea cargo

July 23, 2019 / www.metalbulletin.com

A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More

Gold Resource: Record Production For The Second Quarter

July 22, 2019 / seekingalpha.com

Production for the 2Q'19 was solid with an estimated 14,859 Oz Au Equivalent, up 36.9% sequentially and up 18.2% compared to the same quarter a year ago.Those numbers also include 1,678 Au Oz and 972 Ag Oz from Isabella Pearl first production. Future growth is tremendous with the new Isabella Pearl mine.Gold Resource has an excellent financial position and run by prudent management, which is...Read More

PRICING NOTICE: Change to frequency of bauxite price assessments

July 23, 2019 / www.metalbulletin.com

Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More

IN CASE YOU MISSED IT: 5 key stories from July 22

July 23, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.The wide differential between ferro-vanadium prices in China and Europe has prompted some European vanadium suppliers to deliver their cargoes to China to take advantage of the more favorable price in the Asian country, market sources told Fastmarkets. ERG has appointed Telf AG the exclusive of...Read More

Major Production Declines From The Top Two Primary Silver Mining Companies

July 22, 2019 / www.silverdoctors.com

That is a considerable weakening of production at the very same time the silver price is experiencing some strength in the market...by Steve St Angelo of SRSrocco ReportAs the silver price continues to break out of its lows, two of the top primary mining companies are experiencing major production declines in the first half of the year. Mexico's Fresnillo PLC and Peru's Buenaventura's top primar...Read More

Rick Rule: What's Up With Silver?

July 22, 2019 / www.silverdoctors.com

Despite gold breaking out to new 6-year highs?EUR<, silver has held back...until now!Dunagun Kaiser of Reluctant Preppers interviewing Rick Rule of Sprott AssetDespite gold breaking out to new 6-year highs?EUR<, silver has held back... until now!Why is silver behaving so differently from gold, and what is ahead for the "people's money?"Rick Rule, CEO of Sprott Asset Management, returns to Reluctan...Read More

LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

July 23, 2019 / www.metalbulletin.com

Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More