The 440 portal at the Snip Mine in the Golden Triangle of northwest British Columbia. Source: Skeena Resources Ltd.Skeena Resources Ltd. [SKE-TSXV] has released more impressive results from underground drilling at the company's flagship Snip gold project located in northwest British Columbia's fabled Golden Triangle. The 2017 underground drill program wrapped up on December 16, with a total of 8,6...Read More
Drilling on NuLegacy Gold's Iceberg prospect on its 100%-owned Redhill property in Eureka County on the Cortez Trend in Nevada. Source: NuLegacy Gold Corp.NuLegacy Gold Corp. [NUG-TSXV; NULGF-OTCQX] released some encouraging results Tuesday January 9 from a Nevada exploration property that has been tipped as a possible gold mine of the future.Exploration on NuLegacy's wholly-owned Redhill property...Read More
Click to Enlarge.Further along the mineralized corridor, results obtained at the vein and footwall zone of the Jazmin working in 2017 yielded up to 197 g/t Ag and 1.15 g/t Au over 1.7 m. A nearby breccia in the footwall zone returned 698 g/t Ag over 2.0 m. At the northeastern end of the program area, the Little Pit returned a 3.8 m interval that averaged 477 g/t Ag and 0.41% Cu. These results repr...Read More
Turkish steel mills continued their February bookings of scrap imports from the Baltic Sea region on Tuesday January 9, with the United States market still quiet because of the heavy winter conditions.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $374 per tonne, 5,000 tonnes of bonus at $384 per tonne and 1,000 tonnes of...Read More
INTL FCStone has merged its London Metal Exchange and precious metals departments, with the new unit headed by Barry Canham, the company said. In an email to the company's global metals team and seen by Metal Bulletin, INTL chief executive officer (CEO) for EMEA and Asia Philip Smith said that the move was made following the decision by Malcolm Leonard to retire after 46 years working in LME metal...Read More
Comex copper prices weakened Tuesday January 9 morning in the US, although the complex remains well-supported due to positive Chinese and US data released in the past few weeks.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.70 cents or 0.2% to $3.2170 per lb."We remain bullish for copper's fundamentals and the price's action seems to be supporting th...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Canuc (TSXV: $CDA.V) Announces Breccia Discovery Toronto, Ontario - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to provide an update on exploration at the San Ja...Read More
Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.Volume has been average, with 7,103 lots traded as of 07.23 am London time. This follows...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Vangold Mining (TSX: $VAN.V) (OTC: $VGLDF) Initiates Underground Drill Program at El Pinguico MineTargeting Stock Pile Resource and Continuation of El Pinguico Vein Vancouver, British Columbia - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire)...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Tudor Gold (TSXV: $TUD.V) Reports 90.5m of 1.21 g/t Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold Vancouver, British Columbia - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Jack Chan's Weekly Precious Metals UpdateSource: Jack Chan for Streetwise Reports January 9, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for...Read More
Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to delay their purchasing and see how the imposition of new 5% VAT regimes in both countries affects the market, sources told Metal Bulletin on Tuesday January 10.The UAE and Saudi Arabia both imposed a 5% rate of VAT with effect from January 1, 2018.The resulting confusion in the markets has seen buyers refrain from buying n...Read More
Via SovereignMan.comMay 6, 2010 started off as a pretty boring day.The most exciting stories from the morning's newspapers were reviews of the upcoming Iron Man 2 film.But all that changed at around 2:45pm when, without warning, the stock market crashed, and the Dow Jones Industrial Average dropped 1,000 points within minutes.It was unprecedented... especially because there was absolutely no reaso...Read More
The upcoming Lunar New Year period is expected to dampen demand for steel in Asia, although the extent to which it does so continues to depend on the ongoing winter production cuts in China that are scheduled to last until mid-March this year.The Lunar New Year festival is celebrated in many Asian countries including South Korea, Singapore, Malaysia, Taiwan and Vietnam, which typically declare sho...Read More
Fundamental DevelopmentsIn this New Year's holiday shortened week, the price of gold moved up again, another $16 and silver another 29 cents. Or we should rather say the dollar moved down 0.03mg gold and 0.03 grams silver. It will make those who borrow to short the dollar happy... Let's take a look at the only true picture of the supply and demand fundamentals for the metals. But first, here are...Read More
China's ferrous futures remained in positive territoryat lunchtime close on Tuesday January 9 despite being flat or slightly lower from their opening prices, after the Chinese government announcement of stricter rules on new steel capacity released had led to a spike in futures on Monday afternoon.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,821 ($588) per tonne,...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
By Jordan Roy-Byrne CMT, MFTA The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners...Read More
Graceland Updates By Stewart Thomson 1. I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that's happening right on schedule. To understand the nature of this headwind, please click here now. Double-click to enlarge this important weekly gold chart.2. Note that the two biggest volume bars both occurred as key events in India occurred. It...Read More
By Clint SiegnerGold and silver premiums have been following the demand for physical metal lower in recent months. As investor selling ticked up, popular bullion products poured back into dealer inventories. The result has been some of the lowest premiums we've seen in a decade for items like gold and silver American Eagles.The "premium" is the amount over the market price for gold or silver com...Read More