In January, ProShares changed its silver and gold ETFs to track futures-based indexes.This marks the first time leveraged and inverse ETFs will benchmark to gold and silver futures prices.The move to futures-based indexes presents the opportunity to replace the high costs associated with using forwards with a more cost-efficient model using futures contracts.By Leks Gerlak At a Glance As the exch...Read More
An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More
An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More
An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More
An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More
The 13-day-long contracting triangle seen in gold's 4-hour price chart is more likely to be breached to the downside, courtesy of the recovery rally in the US dollar - gold's biggest nemesis. As of writing, gold is trading at $1,292 per Oz, having clocked a high of $1,295 earlier today. Notably, the dollar index (DXY), which tracks the value of the greenback, has risen by 1.18 percent in t...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said Thursday it had exceeded its 2018 full year production guidance, thanks mainly to a 44% output increase at its New Liberty mine in Liberia and despite a 4% production decline at its Youga asset in Burkina Faso.Avesoro's annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with New Liberty alone churning o...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said Thursday it had exceeded its 2018 full year production guidance, thanks mainly to a 44% output increase at its New Liberty mine in Liberia and despite a 4% production decline at its Youga asset in Burkina Faso.Avesoro's annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with New Liberty alone churning o...Read More
In his latest Discovery Watch episode, John Kaiser of Kaiser Research Online has mixed feelings about giant gold mergers such as the Newmont (NEM*US) - Goldcorp (G) deal announced this week. In the short-term, he sees these mega companies being less likely to help out junior explorers. However, this is not all bad. Mr. Kaiser believes standalone well-financed juniors focused on discoveries can th...Read More
"$GNBT - Generex Biotechnology Corp (GNBT) Update on Acquisitions, Financing, Expansion Initiatives & Strategic Plans Conference Call (Transcript) https://t.co/FRvH5Kt0mm"Read full newsRead More
Silver was thought of as a godlike metal in ancient times and was associated with magic. It was often used in ancient religious ceremonies.Silver has a very robust profile of uses, including: electronics, automotive, medicinal, coins and medals, photography, and green tech.Silver has a six thousand year history of use as money, longer than gold, from ancient Mesopotamia to the US Constitution.Silv...Read More
John "Jack" Bogle, the founder of Vanguard Group Inc. and inventor of the index fund has died at the age of 89. Bogle has been credited with doing more for individual investors than anyone on Wall Street, while in the process creating whole new branches of the financial services industry. "Jack was the ultimate titan," said TheStreet's Jim Cramer. "He democratized investing and gave everyone a c...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was rising Wednesday, getting a lift from earnings from two of the country's biggest banks.Bank of America Corp. (BAC) reported fourth-quarter profit of 70 cents a share, topping analysts' estimates by 7 cents. The stock rose 7.2%. Goldman Sachs Group Inc. (GS) earned $6.04...Read More
Tin premiums in both Europe and China held firm in the week ended Tuesday January 15 despite mounting concerns over continued delays to Indonesian exports, while premiums in the United States moved higher for the first time since June 2018, with low stocks and a widening backwardation adding upward pressure to premiums. European market considers alternative supply solutions US market beginn...Read More
Global zinc and lead premiums were stable over the past week with Asian markets beginning to hold back from conducting business ahead of the Lunar New Year holiday in early February. China's import appetite was low with only some deals for bonded-warehouse cargoes European zinc premiums flat although backwardation largely easing off US market quiet once again Southeast Asian lea...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Chinese ferro-vanadium export prices saw an uptick in the pricing week ended Thursday January 10 amid a comparatively active market as many overseas buyers returned to the market after their year-end holiday break.Fastmarkets' assessment for ferro-vanadium, fob China, was at $69-72 per kg on January 10, up 1.8% from $68.50-70.00 per kg the week before.China's ferro-vanadium export market saw...Read More