Seven of the top nine silver miners have costs of production higher than the silver price. Here's Steve St. Angelo to explain the implications...by Steve St Angelo of SRSrocco ReportThe Primary Silver Miners lastest results were quite dismal as their All-In Sustaining Costs to produce silver were considerably higher than the market price. Many of the silver miners production costs increased in t...Read More
Huge demand for gold & silver continues as we press on in the middle of November. Here's Harvey with an important update on all of the critical numbers...by Harvey Organ of Harvey Organ BlogNOV 14: GOLD UP $8.15 TO $1209.30/SILVER UP 10 CENTS TO $14.10/BREXIT NEGOTIATIONS BECOME UNDONE AND THIS MAY LEAD TO THERESA MAY'S DEPARTURE/MIKE PENSE ISSUES STERN WARNING TO CHINA TO NEGOTIATE OR ELSE.../GER...Read More
Gold and its miners’stocks have proven rare bastions of strength during recent weeks’ marketcarnage. They are powering considerablyhigher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg,which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remain...Read More
The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More
Well, we're riding the rough seas again with the precious metals, but can we find a silver lining? Here's Matt from Silver Fortune to assess the situation...by Matt from Silver Fortune via Silver FortuneAnother period of rough seas for precious metals, but can we find a silver lining? Read More
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?Only One Notch Above Being JunkItalian drama continues. On Friday, Moody’s, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry. "...Read More
I have now been a contributor at Seeking Alpha for seven years, during which time I have written for approximately six years, as I took a one-year hiatus. And, during that time, I have had the honor of penning almost 400 articles.During the six years I have been actively writing on Seeking Alpha, 30,000 of you have trusted me enough to begin following my work, as I just hit the 30,000-follower mar...Read More
The gold miners’ stockshave been largely ignored and neglected for years. Speculators and investors wanted little to dowith them for various reasons. But thatapathetic sentiment is finally starting to shift thanks to last week’sstock-market plunge. Capital is startingto return to this battered sector as traders begin to realize how radicallyundervalued it is. Se...Read More
Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is here to stay. Gone are his nervous tics every time my chair squeaks or when...Read More
It’s no secret that gold mining stocks are historically cheap and have been for several years. Traditional metrics like price to cash flow and price to book value showed that gold stocks in late 2015 were at arguably their cheapest points since the start of the bull market in the 1960s. Other metrics showed gold stocks to be the cheapest since the Roosevelt administration. It has been almost...Read More
LONDON, Nov 15 (Reuters) - Katanga Mining expects its earnings to be hit if a row with Democratic Republic of Congo that has prevented it from importing and exporting copper is not resolved soon.Although Glencore's Katanga said on Thursday that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled."Unless the dispute with the DGDA...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
(Adds share movement, background, analyst comments)By Krishna V KurupNov 15 (Reuters) - India's Yes Bank Ltd YESB.NS shares fell sharply on Thursday, a day after non-executive independent chairman Ashok Chawla resigned, further fuelling the uncertainty over the management of the country's fifth largest private-sector lender.Yes Bank shares fell as much as 9.1 percent to 202.25 rupees, in their b...Read More
* U.S. crude stocks jump 10.3 mln barrels last week - EIA* OPEC, non-OPEC producers need to cooperate - NOC's Sanalla* Darkening economic outlook also a concern (Updates with settlement price, adds commentary, market activity)By Stephanie KellyNEW YORK, Nov 15 (Reuters) - Oil futures rose for the second consecutive session on Thursday after this week's steep losses as U.S. fuel stockpiles declined...Read More
(Repeats Nov 14 story with no changes in text)* Indian government, RBI trying to avoid blow-up at board meeting* Government doesn't want to see RBI Governor Patel quit-sources* Key for government is to create conditions for increased lending* Reserves dispute may be kicked down the road-sourcesBy Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 14 (Reuters) - India's government and its cen...Read More
WASHINGTON - November 13, 2018 - A review of comments filed in the U.S. Department of Commerce (DOC) Section 232 investigation into uranium imports reveals virtually no support for a 25 percent quota on domestic uranium beyond those with a vested interest in the petitioners' and their allies' growth, according to the Ad Hoc Utilities Group (AHUG).The petitioner comments reveal that they seek, un...Read More
Nov 16 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Nov 15 (Reuters) - European shares marched higher on Thursday as oil prices stabilised and mining stocks rallied on hopes that China and the United States may reach a rapprochement to end their long-running trade spat, offsetting bad news in the tech sector.The pan-European STOXX 600 index .STOXX was up 0.2 percent by...Read More
Nov 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 14, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Aaditya Foam Industries LLPLOCCRISIL A4+20Reaffirmed Active Tools Pvt LtdPacking CreditCRISIL A4+110Assigne...Read More