Premier Gold Mines Limited (TSX:PG) is a low-cost, mid-tier gold producer, with two producing gold mines - South Arturo and Mercedes - as well as mine development opportunities at McCoy-Cove in Nevada and Hardrock in Ontario. We learned from Ewan Downie, President CEO of Premier Gold, that the Company is currently undergoing an important transformation. The near-term goal is to increase its future...Read More
Lithium investors are panicking!Last year was terrible for lithium.And so far, 2019 hasn't treated them any better.Since the beginning of 2018, the price of lithium has fallen by as much as 30%.Lithium 5-YearNow, the price of cobalt - another vital component in lithium-ion batteries - has plunged almost 70% since March.What we're looking at here is a market bubble that just popped.Are lithium pric...Read More
* FTSE 100 down 0.4 pct * FTSE 250 down 1.1 pct * Fresnillo outperforms main index * Inmarsat gains on buyout deal * Wood Group slips after Jefferies' rating action (Adds news items, analyst comment, updates to closing prices)By Shashwat Awasthi and Pushkala AripakaMarch 25 (Reuters) - Britain's FTSE 100 slipped as fears ofa recession in the United States triggered a sell-off in globalmarkets, whi...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After rallying more than 20 points or 1.9% and reaching as high as 1150.89 intraday on Thursday, The Index gave back a good portion of those gains as the week ended. The INK Canadian Insider Index held onto 4.6 points and a close of 1133.53. MACD rose 2.7 points to -1.7. RSI rebounded a...Read More
The market for flat steel exports from the Commonwealth of Independent States (CIS) was calm and stable over the past week because material availability continued to be restricted by planned maintenance outages at rolling units in Russia, sources told Fastmarkets on Monday March 25.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $510-520 per tonne fob Black...Read More
The import price for re-rolling-grade hot-rolled coil (HRC) sold into Vietnam dropped in the past week amid weakening demand.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly includes Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was at $540-550 per tonne cfr for the week ending on Monday March 25, down $5 per tonne from $545-555 per ton...Read More
China's hot-rolled coil prices were largely steady on Monday March 25 amid sparse trading due to stagnant demand in both the domestic and export markets.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,820 yuan per tonne, widening upward 10 yuan per tonneThin trading kept domestic prices stable during the day.While products sold at...Read More
Here are five Fastmarkets MB stories you might have missed on Monday March 25 that are worth another look.A motion to undo United States President Donald Trump's blanket tariffs on imports of steel and aluminium has been denied, the US Court of International Trade (CIT) said in a ruling dated Monday March 25.A ramp-up in Chinese zinc production is expected to accelerate in the second quarter...Read More
CIS export prices for rebar and wire rod picked up in the week ended Monday March 25 when producers managed to achieve higher sales prices.Offers of Ukraine-origin rebar were heard within the range of $480-490 per tonne fob Black Sea.A small cargo scheduled for shipment in late April-May was reported sold to West Africa at $485 per tonne fob Black Sea at the end of last week.There was another carg...Read More
Rebar suppliers have increased their prices for buyers in Russia's Central federal district, the major steel-consuming region in the country, on seasonally improved demand in the secondary market.Fastmarkets' weekly price assessment for domestic 12mm A500C rebar in Russia, including 20% VAT, was 39,000-40,000 roubles ($603-618) per tonne cpt Moscow on Monday March 25, up from 38,500-39,000 roubles...Read More
By: Keith Weiner, Monetary MetalsLast week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes' evil genius plan to destroy civilization. This week, I continue the theme if in a more measured tone addressing the ideas predominant among the groups who are most likely to fight against Keynes' destructionism. They are: the capitalists, the gold bugs...Read More
StrengthsThe best performing metal this week was platinum, up 1.85 percent on Citi recommendation and hedge funds boosting the net long position in the past week. Gold traders and analysts are bullish again this week, according to the weekly Bloomberg survey, as the Federal Reserve adopted a more dovish tone and indicated it won't raise interest rates this year. Several countries went shopping f...Read More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
COLORADO SPRINGS, CO, March 25, 2019 (GLOBE NEWSWIRE) - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has begun the initial stages of gold processing by applying and circulating leach solution to ore loaded on the heap leach pad at the Isabella Pearl Project, within its Nevada Mining Unit, located in Mineral County, Nevada. The Company not only remains...Read More
It's tempting to think last week's high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally. If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty trap on bulls and bears alike. The latter would have thrown in the towel and covered short positions when the S&Ps broke out over the last two weeks above three des...Read More
Turkish steel mills added two more cargoes to round off last week's activity before going quiet in the deep-sea scrap markets after the government's response to Donald Trump's Golan Heights comments. A steel producer in the Marmara region booked a US cargo, comprising 35,000 tonnes of HMS 1&2 (80:20) at $323 per tonne cfr and 5,000 tonnes of bonus at $333 per tonne late on Friday March 22.The same...Read More
Richard Hayes is CEO of The Perth Mint. In this episode, he answers questions about Perth Mint products as well as global gold supply and demand trends.Read More
Turkish domestic auto-bundle scrap prices have gone up over the past seven days, while ship scrap prices fell because the country's lira has weakened against the US dollar, sources said on Monday March 25.Fastmarkets' weekly price assessment for domestic auto-bundle (DKP-grade) scrap in Turkey was TRY1,700-1,870 ($295-324) per tonne delivered on Monday, widening upward from last week's TRY1,700-1,...Read More
The "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index - with its Global Macro Fund returning 41 percent last year alone. Now the i...Read More