Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis I'm quite excited about the pullback in gold because the fundamentals are getting better and the technical action is healthy.SF60 Key Charts, Signals, & Video Analysis Kirkland is a leader in the gold stock sector and it's now in one of the important Investor's Business Daily growth stock...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down Tuesday, extending Monday's decline.Kohl's (KSS) earned $2.24 a share on an adjusted basis in its fourth quarter, beating analysts' estimates by 6 cents. The stock rose 7.33%. Target (TGT) posted stronger-than-expected fourth-quarter earnings after a solid holiday shopping...Read More
Weekly Reports |Mar 05 2019The US section 232 investigation is curtailing demand in the uranium market and leading to price consolidation.-Section 232 slows activity in US uranium market-Sellers becoming anxious-Paladin Energy looks to a restartBy Greg PeelUncertainty surrounding section 232 has "frozen" the US uranium market, noted Cameco CEO Tim Gitzel at least week's Global Metals & Mining Conf...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 5.Please click...Read More
Nickel's three-month price on the London Metal Exchange was up by just under 3% at the close of trading on Tuesday March 5, with bullish sentiment emerging from robust fundamentals, while trade optimism continues to boost risk-appetite amid broad strength in the US dollar index.The metal's three-month price has been the standout commodity across the complex, with its price action climbing over 5%...Read More
Bob Moriarty ArchivesMar 5, 2019I did an interview with Goldfinger of Energy and Gold on February 19th. He posted it on the 21st of February. In it we said:Goldfinger: Ok now I’m going to ask you a couple of tough questions since we’re talking about how important cycles are in the resource sector. Are we in a bull market or a bear market right now in the precious metals and junior mini...Read More
The best I can figure is that some very liberal, trust-fund Phd Sociologist professors at Bennington hooked with a group of radical Public Policy students from Harvard somewhere in a cabin in Vermont and did a group analysis of John Maynard Keynes' "The General Theory of Employment, Interest and Money" after ingesting copious quantities of LSD. From out of that drug-addled assemblage, MMT sprung t...Read More
The price of copper on the Comex exchange in the United States bounced back in morning trading on Tuesday March 5, with continued optimism about the outcome of international trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.05 cents to $2.9295 per lb.Continued optimism about US-China trade talks has improved risk sentiment acro...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 5, 2019The US stock market and bullion swooned yesterday, but the GDX gold stocks ETF was up! Gold stocks continue to perform impressively.Rallies look impulsive and corrections feel solid. Please click here now. Double-click to enlarge this daily gold chart.Gold has pulled back by a...Read More
Vale's New York-listed shares closed up 0.24% yesterday, however, but were 1.6% lower after hours.Authorities had pushed for certain Vale dismissals on Friday. More than 300 people are dead or still missing since Vale's Feijão dam burst on January 26.Meanwhile, the benchmark S&P/ASX200 was lower this afternoon after global market indices were mixed yesterday.The gold price has tumbled b...Read More
The provisional value from global sightholder and auction sales was down from $500 million in the first cycle of the year and also lower than the second cycle of 2018's $563 million.It was also the lowest value since the ninth cycle of 2018 when $442 million worth of rough stones were sold.CEO Bruce Cleaver said while overall demand for lower value rough diamonds had remained subdued, the company...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday March 5 that are worth another look.The United States Commerce Department launched a Section 232 investigation into titanium sponge imports on Monday March 4 after domestic producer Titanium Metals Corp (Timet) filed a petition in September.Ferro-chrome prices are likely to be supported in the near to medium term by co...Read More
He told an audience attending the Red Cloud Klondike Strike Pre-PDAC Mining Showcase in Toronto the time had come for the industry to reflect inwards and change in order to do things differently.Read More
Codelco faces further delays in bringing back refined copper smelting at its Chuquicamata plant, which is now expected to resume operations in mid-April, company sources told Fastmarkets on Tuesday March 5.Chuquicamata, which has the capacity to smelt 320,000 tonnes of refined copper per year, has been out of the market since mid-December as Codelco upgrades...Read More
The Department of Mineral Resources' chief inspector of mines David Msiza said 81 fatalities were reported in 2018, a 10% improvement on 2017, but still not at the record low of 73 seen in 2016.Read More
* Cash copper premium to three-month contract at four-yearhigh * Chinese copper import premiums falling * Nickel prices rise to highest since August (Updates with closing prices)By Peter HobsonLONDON, March 5 (Reuters) - Copper prices rose on Tuesdayafter top consumer China unveiled economic stimulus measuresincluding tax cuts for manufacturing industry, bolstering thedemand outlook.U.S. Secretary...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Monday's vicious shakedown was poetry in motion. An hour into the session, stocks were falling so hard that you might have thought the world was about to end. Far from it, as suckers who sold into the avalanche were soon to discover. DaBoyz had laid the groundwork for Monday morning's crime spree by goosing shorts the night before. This caused the E-Minis to gap 13 points above last week's highs...Read More
Global economy is slowing. China has lowered its economic growth forecast and also announced a major tax cut. Chinese economy is expected to see a slowest growth in the past three decades. Industrial metals may have formed a short term top. Long term bullishness in selected industrial metals (including silver) is intact. Technically gold needs to trade over $1260 till 11th March to be in short...Read More
Ferro-chrome prices are likely to be supported in the near to medium term by concerns over South Africa's power constraints, market sources believe.South Africa's state-owned power utility Eskom implemented load shedding - controlled power outages that aim to reduce strain on the country's system - in February.The resulting blackouts had minimal impact on prices but did affect ferro-chrome product...Read More