COLORADO SPRINGS, March 21, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced ongoing Mirador Mine development crosscut six (6) meters of the Independencia vein which assayed 992 grams per tonne (g/t) silver. Mineral from this new area is now being processed at the Company's milling facility. Earlier drill results from this area inc...Read More
Human action and the interest ratePeople value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference which is an undeniable fact, a category of human action.The sentence "Humans act" is a logically irrefutable truth. It cannot be denied without cau...Read More
So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I'd said might mark an important top. Thursday's muscular short squeeze impaled this 'Hidden Pivot' resistance, leaving the futures above it at the close. It also put in play an alternative scenario I'd mentioned i.e., a move above 3,000. The chart shows a 'secondary pivot' at 3005.63 that can serve for now as a minimu...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
How to incorporate commodities into your investment portfolio.How to avoid a fundamental mistake that many investors make when it comes to investing in gold.How to organize your financial house. In this episode (aired on 3/17/19), host Ron DeLegge talks with John Love, CEO at USCF Investments about how to incorporate commodities into your investment portfolio. Ron also explains how to avoid a fund...Read More
The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.Section 232 of the Trade Expansion Act of 1962, a cold-war era law, allows the president to place restri...Read More
Gold continues to make higher lows on its weekly chart, with a potential new higher low at $1,280/oz.Bullish sentiment also continues to make higher lows and is still not at exuberant levels.Unless $1,274/oz breaks on a weekly close, there's no reason to entertain the sub $1,200/oz double bottom calls.While many are focused on the day-to-day fluctuations to prognosticate the twists and turns i...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Leonhard Foeger | ReutersGold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.Gold edged higher on Friday as weak economic data from the euro zone exacerbated fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.Spot gold was up about 0.2 percent at $1,3...Read More
With everyone talking about recession, investors desperately need some clues to assess the state of the economy. This is what our today’s article provide you with. We invite you to read it and find out what are the two most important recession indicators – and what is the link between them and the gold prices. Two Most Important Recession Indicators and Gold With everyone talking about...Read More
Copper's three-month price on the London Metal Exchange was lower at the close of trading on Friday March 22, ending the week down more than 3% and closing just above $6,300 per tonne.Meanwhile, a host of weaker-than-expected PMI data releases also softened price sentiment over the afternoon.The red metal's total volumes traded over the day were high, leading the complex at 25,647 lots changing ha...Read More
Technical and market analysis of gold's position.Defining the gold market and vanishing liquidity.Portfolio switching from fiat to gold.Note: This article is not and must not be construed as investment advice. It is analysis based purely on economic theory and empirical evidence. The global economic outlook is deteriorating. Government borrowing in the deficit countries will therefore escalate...Read More
Southwest China's Kunming Intermediate People's Court will fine the Fanya Metal Exchange 1 billion yuan ($149.39 million) for violating national law and illegally raising funds from the public, according to local media reports on Friday March 22, with minor metals markets now wondering how funds will be raised. Shan Jiuliang, board chairman and president of Fanya, was sentenced to 18 years' impris...Read More
Warrant traders are reporting a big spike in Korean aluminium warrant premiums amid a substantial supply shortage in the region, Fastmarkets understands.Offers for aluminium warrants have been reported to Fastmarkets at $50-60 per tonne this week, considerably higher than earlier in the month. "You could get hold of Korean aluminium warrants for $30 per tonne a few weeks ago," a Europe-based...Read More
Gold investors don't have to worry about higher interest rates for now.A strong dollar, gold's other foe, is also no longer an imminent threat.The path has been cleared for a resumption of gold's interim recovery.Concerns over rising interest rates and a strong dollar have been a source of angst for many investors for much of this year. Now that the fear of higher rates has been reliev...Read More
According to global risk consultancy Verisk Maplecroft's latest Resource Nationalism Index (RNI) report, a total of 30 countries have registered a significant increase in resource nationalism risk metrics over the past year, 21 of which are considered major producers of oil, gas and minerals.The RNI is aimed to measure the risk of expropriation, the imposition of more stringent fiscal regimes, and...Read More
SANTIAGO - Chile's Antofagasta expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday.Antofagasta needs access to water for the future development of its Zaldivar copper deposit, which is near BHP's Escondida mine, the world's largest copper mine. Zaldivar's size, h...Read More
LUSAKA - Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday.Sheppard has 35 years of mining experience and takes over from acting CEO Venkatesan Giridhar, who will now revert to his role as chief financial officer, KCM said in a statement.Sheppard has previously held leadership r...Read More
MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More