Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 19, 2019 The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. If the Fed does nothing and makes another statement that QT coul...Read More
Aluminium's three-month price on the London Metal Exchange rose by more than 1% at the close of trading on Tuesday March 19, with a large rewarranting of just under 100,000 tonnes doing little to curb an upswing that saw the metal's price close at a three-month high of $1,946 per tonne.Total volumes traded in aluminium topped the complex, with more than 18,000 lots changing hands by the close, the...Read More
"My sense is we are coming up on another crisis and it's going to be worse than the last one" - John Titus"Money exits not buy nature but by law" - Aristotle - When Rule of Law breaks down, it enables bankers, via their Central Bank tentacles, to take control of the monetary system. The process is accompanied by the gradual collapse of the system upon which that money is predicated. This pro...Read More
Here are three things stock investors should watch for when the Federal Reserve announces its latest interest rate policy on Wednesday. Any deviance the Federal Reserve takes from its currently dovish path would pressure stocks. "Markets this year are anticipating a return to earnings growth, a Fed on hold and the resolution of the trade dispute with China, but if any of these things f...Read More
Sprott Capital Partners was lead agent for the raising at $2.67 per flow-through share and $1.95 per share. Eric Sprott's 2176423 Ontario Ltd acquired about 2.Read More
A cyber attack on Norwegian aluminium group Norsk Hydro caused temporary halts on its rolling and extrusion operations, chief financial officer Eivind Kallevik said on Tuesday March 19.Output reductions, however, are minimal for now. The producer is working to comply with customers' orders during the day and deliveries have not yet been affected, he noted.Every unit was isolated from the company's...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce it has received proceeds of $6.19 million as a result of warrants which expired on March 18, 2019, representing the largest injection of capital the Company has received since going public in July 2015.Marc Seelenfreund, CEO of Siyata Mobile states, "We are pleased to receive...Read More
High-grade manganese ore producers returned to the market with higher offer prices in the week ended Friday March 15, while low grade prices held steady; In Europe, alloy prices rose on the news of load shedding in South Africa and the resultant pressure on production. 44% manganese ore price rose after producers raise offers.37% prices stable in balanced market.Indian silico-manganese prices ris...Read More
Major Norwegian aluminium producer Hydro has switched to manual operations at some of its facilities due to a cyber attack, the company said on Tuesday March 19. "Hydro became victim of an extensive cyber attack in the early hours of Tuesday, impacting operations in several of the company's business areas," Hydro said. "IT systems in most business areas are impacted and Hydro is switching to manua...Read More
DaBoyz have been artfully rotating money between a handful of high-profile stocks in order to keep this distributive rally going for as long as possible. On Monday, although the broad averages seemed leaden all day, the Dow still eked out a 65-point gain while AMZN, AAPL and MSFT rose, respectively, 1.75%, 1.08% and 1.48%. This was despite the fact that shares of Boeing, the 800-pound gorilla of...Read More
By: IRA EPSTEINGold waiting for FOMC tomorrowRead More
Wish everyone a very colorful holiThe region between $1290-$1310 is a very dangerous zone for day traders. Right now gold is bullish and looks headed for $1330+. Trend (after FOMC) in gold and silver n Thursday and Friday is the key. There will be buyers on dips and short covering if gold and silver rise on the latter half of the week. Brexit is still in a limbo. China buying more farm products...Read More
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve's meeting later this week. Traders also kept an eye on geopolitical developments, including the U.K.'s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery GCJ9, -0.20% on Comex fell $1.40, or 0.1%, to set...Read More
Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 19 (Reuters) - Aluminium touched a three-monthpeak on Tuesday after major producer Norsk Hydro washit by a cyber attack, causing its giant smelters to switch tomanual operation and some extrusion plants to be shut.Other industrial metals also gained ground on optimism abouteasy monetary policy ahead of a U.S. ce...Read More
American Lithium's TLC Project near Tonopah, Nevada. Source: American Lithium Corp.American Lithium Corp. [LI-TSXV] on Tuesday March 19 released the first assays from Phase one drilling on its TLC lithium claystone project near Tonopah, Nevada.The first drill hole returned 1,109 Li over 61 metres from a near surface depth of 11 metres, including 1.5 metres of 1,615 ppm Li.Tuesday's announcement ma...Read More
Construction at Equinox Gold's Aurizona Mine in Brazil. Source: Equinox Gold Corp.Equinox Gold Corp. [EQX-TSXV; EQXGF-OTC] on Tuesday said it has completed an updated mineral resource estimate for its Aurizona gold mine in northeastern Brazil, and an updated mineral reserve and resource estimate for its Mesquite gold mine in California.Led by financier Ross Beaty, Equinox Gold is a well-funded, mu...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday March 19.The exceptions were lead and tin that were little changed, while the rest were up by an average of 0.5%. Copper prices were up by 0.4% at $6,462 per tonne, compared with $6,433 per tonne at Monday's close.Volume was average, with 6,236 lots traded on LME Select as at 6.51am...Read More
The Tuesday Market Minute Global stocks were little-changed in overnight trading as investors kept risk appetite in check ahead of the start of this month's Fed meeting in Washington.CME Group futures contracts suggest no change in rates from the Fed this week, but price in a 30% chance of a rate cut by January 2019.Britain's Brexit saga took another twist yesterday after a ruling from the Parli...Read More
"Ski the mountain; don't let the mountain ski you." - Cheddar (Old ski buddy)It was a bright, sunny day with blue skies and thin wisps of white cloud that blew quickly across the mountain peak. We were sitting, my wife's cousin and I, in green Adirondack chairs near a gas fire in front of the lodge.Every once and a while, some idiot would come shooting off a 10-foot jump at the bottom of the slope...Read More