The Comex copper price tumbled to a multi-week low in morning trading on Tuesday December 18, with reduced liquidity, trade war fears and questions about US monetary policy pressuring the price lower.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled 5.35 cents to $2.7010 per lb. The contract hit a low of $2.6930 per lb, its weakest since Novemb...Read More
A few years ago, Standard Chartered made a decision to integrate itself more fully into the supply chains of its clients. The goal: use technology to connect into its clients' ecosystems, upending the traditional model of banking services."There was a realization a few years ago that businesses are evolving and they're evolving quite rapidly - we've seen that in a number of industries and there's...Read More
The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Tuesday December 18. The exceptions were copper and tin that were both down by 0.4%, with copper at $6,104.50 per tonne.The rest were either unchanged or up between 0.1% and 0.2%. Considering the weakness in US equity markets on Monday, it is surprising that the metals have not been...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday December 18.Base metals prices on the Shanghai Futures Exchange had a mixed start on Tuesday, with market participants remaining cautious ahead of a major speech by Chinese President Xi Jinping. Copper prices were little changed, aluminium and zinc prices edged up, while the rest of th...Read More
The Chinese ferro-silicon market held in the week ended Friday December 14 but market participants expect it to come under pressure due to slower demand in the near term; meanwhile the European quotation held steady despite no reported trades in the assessed period. China ferro-silicon price holds; market eyes higher stocks, lower prices Europe held in price range in stable conditions ...Read More
The earlier uptick in the Chinese ammonium paratungstate (APT) price faltered in the week ended Friday December 14, while both European and Chinese ferro-tungsten markets were stable due to the end-of-year trading lull. APT fob price in China moved down due to low overseas buying interest amid falling prices in the domestic market. Chinese tungsten concentrate price unchanged. Ferro-tun...Read More
Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York. He founded the company in 1986, spinning off the Commodities Research Group from Goldman Sachs & Co., and its commodities trading arm, J. Aron & Company. Christian is an expert on precious metal markets and took time to speak with The Northern Miner abo...Read More
The U.S. stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.Please click here now. Double-click to enlarge this great short term gold chart.Note the positive bounce from buy-side support at $1237, and the inverse H&S bottom pattern. A fresh rate hike from the Fed tomorrow could crush the stock market again...Read More
The great Burl Ives once sang, "Silver and gold, silver and gold, everyone wishes for silver and gold."Ives was singing as a snow man to Rudolph the Red-Nosed Reindeer at the time, but he might as well have been crooning to the stock market.Minerals are a staple that almost every investor considers adding to their portfolio. Like oil and gas, gold, silver and copper will continue to be bought and...Read More
The U.S. stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.Please click here now. Double-click to enlarge this great short term gold chart.Note the positive bounce from buy-side support at $1237, and the inverse H&S bottom pattern. A fresh rate hike from the Fed tomorrow could crush the stock market again...Read More
Our forecast and expectaion of a major bull market in Gold, gold stocks and many commodities depends on a bear market occuring in the industrial stock market. That would include stocks in the Dow Averages and S&P 500. Our analysis suggests that a bear market is happening right now. For gold and mining stock investors that is good news. We suggest that you visit Montrealanalyst.com for the latest...Read More
Petropavlovsk has lowered its guarantee under the new $240 million Gazprombank package from $204 million to $160 million.IRC had borrowed $340 million from ICBC to build the K&S iro...Read More
The Teledyne Mine portal near the historic Cobalt Mining Camp in northeast Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB; 43W2-FSE] said Wednesday December 19 that it is hoping to raise $500,000 for exploration on its property portfolio from a non-brokered private placement offering of flow-through and non flow-through units. The proceeds from the flow-thro...Read More
Mineral projects of Canada Cobalt Works Inc.Canada Cobalt Works Inc., [CCW-TSXV; CCWOF-OTCQB; 4T9B-FSE], a company that is actively exploring in the historic Cobalt, Ontario camp, has reported a new gold discovery east of its flagship Castle propertyThe company says step-out drilling, 1.5 km east-northeast of the Castle property, has intersected an apparent syenite-hosted gold system.Two widely-sp...Read More
Exploring a high-grade quartz breccia zone on White Metal's Williams property in central Newfoundland. Source: White Metal Resources Corp.White Metal Resources Corp. [WHM-TSXV] said Wednesday December 18 that it has entered into an option agreement with Sokoman Iron Corp. [SIC-TSXV] to acquire by option a 100% stake in the Startrek gold property in central Newfoundland.White Metal said the Startre...Read More
CloseGain/LossGold $1242.00-$7.30Silver$14.58-$0.06XAU66.61-5.67%HUI150.99-5.83%GDM558.39-4.33%JSE Gold1355.53+27.10USD97.06UNCHEuro113.72+0.08Yen89.30+0.12Oil$47.20+$0.9610-Year2.780%-0.043T-Bond144.84375+0.375Dow23323.66-1.49%Nasdaq6636.83-2.17%S&P2506.96-1.54% The Metals: Gold edged up to $1251.40 in Asia before it dropped back to $1246.80 in London and then jumped up...Read More
By David SmithOver a year ago in this space, you may have read my rationale for not closing out core metals and mining stock positions after the May 2011 intermediate top (which turned out to be a longer term!) in the resource sector. (By the way, David Morgan called that top to his subscribers -- to the day.)I held those positions in spite of having written down on paper a decade earlier my int...Read More
By Ira Epstein https://www.iraepstein.com/ Read More
By Frank HolmesCommodity traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, according to Commodity Futures Trading Commission (CFTC) data.click to enlargeAs...Read More