Popular News

Gold Stocks Surge Higher

February 22, 2019 / news.goldseek.com

The gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More

GoldSeek Radio Nugget Interview: Michael Pento

February 22, 2019 / news.goldseek.com

HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More

Precious Metals Update Video: Still up for the week

February 22, 2019 / news.goldseek.com

By: Ira EpsteinGold still lower-lows, higher-highs...Read More

The Smell of Rat

February 22, 2019 / news.goldseek.com

On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most bullish events that can occur on charts. Of course, it could also be a great way for Mr. Market to set a ruinous trap for bulls, since th...Read More

Sibanye-Stillwater AMCU strike spreads to Lonmin

February 21, 2019 / www.mining-journal.com

Lonmin said it had received a written notice of secondary strike action from AMCU in support of the industrial action at Sibanye-Stillwater's gold operations.Read More

Asian Metals Market Update: February-22-2019

February 22, 2019 / news.goldseek.com

There will be demand in Asia of gold and silver today. If gold and silver continue to fall today also, then jewelers will have a jolly time during the weekend. They will be very busy. There should be good gold jewelery demand tomorrow if gold prices fall today also. Does an end to so called trade war between USA-China imply that it is over for gold bulls? This is the question which I am aski...Read More

WEEKLY SCRAP WRAP: Downturn in Turkish prices hits major markets except Asia

February 23, 2019 / www.metalbulletin.com

Steel scrap prices in the principal trading regions have fallen sharply, as was expected by the majority of market participants, during the working week from Monday February 18 to Friday February 22.The price falls followed the decrease in Turkish scrap import prices this week, which was itself the result of limited demand for rebar and billet in the country's domestic market.Prices in Taiwan mana...Read More

METALS-Copper hits 7-1/2 month high on trade hopes, sliding stocks

February 22, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns:* GRAPHIC-Copper technicals:(Adds graphic, updates with closing prices)By Eric OnstadLONDON, Feb 22 (Reuters) - Copper prices climbed to theirhighest since July on Friday as inventories tumbled andinvestors bet on a U.S.-China trade deal.Optimism over a trade deal has been rising as top U.S. andChinese trade negotiators haggle over the details of a set ofagreements aim...Read More

INDIA IMPORT SCRAP: Expected correction sends prices down

February 23, 2019 / www.metalbulletin.com

The price of shredded ferrous scrap imported into India fell this week, confirming the correction that market participants had been expecting, sources told Fastmarkets on Friday February 22.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $339.44 per tonne cfr on February 22, a fall of $6.06 per tonne from $345.50 per tonne cfr on Februa...Read More

Deep sea mining firm seeks creditor protection

February 22, 2019 / resourceworld.com

A Nautilus Minerals seafloor bulk cutter mining machine. Source: Nautilus Minerals Inc.Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTC], a company that was hoping to become the world's first deep sea mining firm, has sought protection against bankruptcy.Nautilus said Friday February 22 that it has obtained an order from the British Columbia Supreme Court that provides the company with protection from i...Read More

UK SCRAP: Prices continue to rise but 'bubble could burst soon'

February 23, 2019 / www.metalbulletin.com

Light iron steel scrap prices in the United Kingdom have increased for a fifth consecutive week, because of higher export prices in key markets, sources told Fastmarkets on Wednesday February 22,.But a correction could be coming, they added, with global markets beginning to struggle.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-120 ($124-157...Read More

Barrick Gold studied possible Newmont merger

February 22, 2019 / resourceworld.com

The Turquoise Ridge gold mine 70 km northeast of Winnemucca, Nevada, owned as to 75% Barrick Gold and 25% Newmont Mining. Source: Barrick Gold Corp.Barrick Gold Corp. [ABX-TSX, NYSE] confirmed Friday February 22 that it has considered making a no-premium offer for Newmont Mining Corp. [NEM-NYSE] as the Canadian mining giant looks for ways to boost production.Barrick has reviewed the opportunity to...Read More

LIVE FUTURES REPORT 22/02: Comex copper surges in final session of the week

February 23, 2019 / www.metalbulletin.com

The US copper market saw heavy buying Friday morning amid mounting optimism that the trade dispute between the United States and China will be resolved in the coming months.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 4.20 cents to $2.9390 per lb.Progress in US-China trade talks continued to prompt positive market sentiment over the week, w...Read More

Global Stocks Gain as Trade Talk Optimism Competes with Weakening Economic Data - TheStreet

February 23, 2019 / www.thestreet.com

The Friday Market Minute Global stocks gain amid steady progress in U.S.-China trade talks paired with weakening data in key G10 economies.China's Shanghai Composite has best week in nearly three years amid trade optimism and bets on further stimulus in the world's second largest economy.Germany narrowly avoids recession with flat Q4 growth, but trade and Brexit uncertainty keep European ma...Read More

Ontario Supporting Northern Film and Television Industry

February 22, 2019 / news.ontario.ca

Ontario's Government working for the people is supporting Northern Ontario's film and television industry by investing more than $1.3 million in infrastructure to support film production in North Bay and two additional film projects centred in North Bay and Sudbury.Vic Fedeli, MPP for Nipissing, made the announcement today at Canadore College's post-production facility. The investments include: $...Read More

BATTERY RAW MATERIALS MARKET REPORT 22/02: China spot lithium-hydroxide prices fall; cobalt on downtrend

February 23, 2019 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

GLOBAL LITHIUM WRAP: Chinese battery-grade lithium hydroxide price softens on aggressive offers

February 23, 2019 / www.metalbulletin.com

The domestic Chinese battery-grade lithium hydroxide spot price fell by more than 3% in the week to Thursday February 21 although the carbonate assessment held firm - a pattern that was reversed in the seaborne market, where the carbonate price dropped week on week and the hydroxide price was steady. Offers for battery-grade lithium hydroxide in China were lower week on week, bringing the Fastmark...Read More

Acreage Holdings (OTCBB: ACRGF) Gets First Mover Advantage in North Dakota

February 22, 2019 / www.energyandcapital.com

While in college, I met a girl from Grand Forks, ND.She was stunningly gorgeous, and for some odd reason, took a liking to me.Unfortunately, I was a stupid kid and had no idea how to play it cool. Three days after meeting her, she took her ball and went home. And as much as it broke down my self confidence even further, I did learn a very valuable lesson: When you have an opportunity to make a mov...Read More

Lithium Chile (TSX-V: LITH): Owns Fifteen Projects, 159,950 Hectares on Li-Rich Salars in Chile; Interview with Steven Cochrane, President and CEO

February 22, 2019 / www.metalsnews.com

Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 159,950 hectares on Li-rich Scalars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. At the 2019 Vancouver Resource Investment Conference, we learned from Steven Cochrane, who is President and CEO of Lithium Chile, that 2018 was a successful year. The Company drilled its fi...Read More

Investor Sentiment Drives Gold Rallies

February 22, 2019 / www.energyandcapital.com

The price of gold is quietly on the rise.Over the past four weeks, gold prices have climbed over 5% to $1,350 an ounce - a 10-month high.And this could be just the beginning of a much broader rally - meaning if you want to get into gold, the time is now.Gold prices have been inching up dollar by dollar for a while now. If you take a look at a one-year chart of gold, you'll see prices bottomed out...Read More

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