Gold and silver have failed to shine despite falling bond yields in recent days, and today both metals slumped hard. The metals’ poor performance may be due to several reasons, rather than just one factor. For a start, the US dollar has managed to hold its own rather well despite the Fed’s U-turn on interest rates. The dollar bears – and by extension gold bugs –&n...Read More

Technology innovation has become a lot more of a central topic, I feel, for the gold sector in recent times.I would say the single most advanced technology, the one that we can see becoming more broadly adopted in this sector within the shorter to immediate term would be automation.Ultimately, the idea is to have a fully-integrated mine, a smart or intelligent mine if you might. Technology and Inn...Read More

Wednesday's trading session was slightly bearish, as stocks retraced some of their Tuesday's advance. The S&P 500 index was the highest since the early October a week ago. But then the market sold off. So was that sell-off a medium-term downward reversal or still just a correction?The U.S. stock market indexes lost 0.1-0.6% on Wednesday, as investors continued to hesitate following last week's...Read More

USDCHF On H4, USD/JPY is expected to test 3/8, after which a pullback and a fall to the support at 0/8 may occur. Risk Warning: the result of previous trading operations do not guarantee the same results in the future On H1, the price is above the consolidation range, and is likely to hit 7/8. Risk Warning: the result of previous trading operations do not guarantee the same results in the future...Read More

The U.S. yield curve extended its inversion. Everyone and their brother knows that recession must definitely be on the horizon. We are all doomed, so gold can only go up now, right? Yield Curve Inversion Gets Larger It’s getting more serious. On Friday, the yield curve inverted. This week, the spread between long-term and short-term rates has not only remained below zero, but it has dived fu...Read More

Turkish rebar and wire rod export prices remained largely unchanged over the past week on a lack of demand, sources said on Thursday March 28.Fastmarkets' weekly price assessment for rebar exports from Turkey was unchanged at $490-500 per tonne fob on an actual-weight basis.Turkish steel producers continued to offer rebar for export at $500-510 per tonne fob on an actual-weight basis, but buy...Read More

A steady rally since mid-August 2018.The Fed gives gold the green light.A stable dollar is supportive of gains.Two levels to watch on the upside.Franco-Nevada Corporation and the royalty model.Gold has been shining in 2019, and there are signs that the precious metal will continue its lustrous price activity over the coming weeks and months. Both fundamental and technical factors are supportive of...Read More

   •  The precious metal extended this week's retracement slide from near one-month tops and remained under some selling pressure for the third consecutive session on Thursday.    •  The downward trajectory dragged the commodity below 200-hour SMA and towards confirming a near-term bearish break below a three-week-old ascending trend-channel formation. &...Read More

Turkish domestic prices for rebar and wire rod have remained fairly stable over the past week, with demand showing few signs of recovery, sources said on Thursday March 28.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,200-3,250 ($593-602) per tonne ex-works, narrowing downward slightly compared with the TRY3,200-3,263 per tonne of last week.The domestic rebar...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday March 28 that are worth another look.Weaker-than-expected demand from steel mills following the introduction of new rebar standards in China and increased use of ferro-niobium there have hit the ferro-vanadium market with prices in Europe now trading at levels last seen in December 2017. So far this month, the European fer...Read More

Copper and brass scrap prices in the United States have largely held steady over the past week, with sustained domestic and offshore competition helping to mitigate price erosion.Copper scrap discounts were mostly flat week on week, aside from that for refiners No1 copper, which widened by a penny to 14-16 cents per lb, according to Fastmarkets AMM's latest assessment on Wednesday March 27. All ot...Read More

The collapse of a tailings dam at an iron ore mine in the south-east Brazilian state of Minas Gerais will not change miner Vale's plans for its base metals division, the company's chief financial officer, Luciano Siani, said on Thursday March 28.During a conference call with analysts, Siani said that the Salobo and Sossego copper mines will continue to operate normally, while the expansion of Salo...Read More

The Euro has been on a roller coaster ride over the past several years. The direction has been mostly lower but the Euro is trying to firm up here. And the bulls desperately need to see some upside traction!In today's chart, we highlight two look alike patterns: the Euro in the 1990's and the Euro in the 2000's.As you can see, in the 1990's the Euro formed a pennant pattern, breaking down through...Read More

Prices in the US copper market continued to push upward on Thursday March 28, with macroeconomic data outweighing recent growth in market participants' bearish speculative positioning.The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched up by 1.15 cents to $2.8745 per lb on Thursday.On the technical side, the net speculative length has declined marke...Read More

Robin Scheiner will lead a merged aluminium-alumina department at Glencore following the departure of David Streule, sources close to the matter told Fastmarkets. "Change will take place in the coming weeks or months," a source close to the matter said, while two sources said Streule will be departing by the end of June.Streule will leave Glencore...Read More

Gold futures fell on Wednesday to settle at their lowest in nearly a week, as some strength in the dollar contributed to a second straight session decline for the metal. A rally in government bonds across the globe, however, pointed to increased appetite for assets perceived as havens, and uncertainty surrounding Brexit and U.S.-China trade developments helped to limit losses for the yellow metal,...Read More

K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More

Brazilian miner Vale sold its nickel products at a $545 per tonne premium over the London Metal Exchange benchmark price in 2018, the company said in an earnings report published on Wednesday March 27.The premium of 4.20% above LME prices was the highest achieved by the company since 2002, it said.According to Vale, the average realized price in the year was $13,667 per tonne, with the company foc...Read More

Chile's state miner Codelco, the world's No.1 copper producer, plans to boost production at its El Teniente mine to more than 500,000 tonnes per year by 2025, a first in the operation's history.The production increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world's five largest copper operations, local paper El Mercurio reports.El Teniente is the...Read More

Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit.The problems facing these 'junior' mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. How they cope is likely to affect how the mi...Read More