An overview of the minor metals markets and the reasons for any price moves.What will drive prices in 2019? Join...Read More
Base metals on the London Metal Exchange were firmer this morning, Friday January 11, with three-month prices up by an average of 0.9%. Zinc and nickel led the way with gains of 1.3% and 1.2% respectively, while copper was up by 0.9% at $5,972 per tonne as at 6.45am London time - the same price it held at a similar time on Thursday.Volume across the complex has been above average with 8,805 lots t...Read More
Prices were unchanged in the European stainless market in the week to Friday January 11, with trading beginning to pick up after the Christmas/New Year break int he region - although full activity has not yet been achieved. It remains unclear to what extent the sharp decreases to alloy surcharges have been implemented by distributors and service centers in their own selling prices. Many such...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 11:Aluminium ingotDuty paid delivered works pressurediecasting ingot price...Read More
Asian ferrous scrap prices dipped during the week ended Friday January 11 this week despite stronger demand from end users in the region.Steel mills in Vietnam and South Korea booked large volumes of ferrous scrap throughout the week from the United States, Japan and Russia. However, prices did not increase due to the ample supply in the market.Vietnam Fastmarkets' import price assessment for heav...Read More
Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.Manganese ore prices have started 2019 by continuing a slide that began in December, weighed down by weak downstream demand in China, where market participants are reluctant to buy because of fea...Read More
The gold sector has been the talk of the town this week, as a series of bullish New Year’s predictions for the yellow metal coincided with heavyweight players predicting M&A activity among miners. With 2018 ending in a rout for markets and the gold price already gathering pace, talk of an up-cycle is hardly surprising. But, most commentators pointed to gold equities havi...Read More
With the U.S. dollar weakening, as expectations on the extent of interest rate hikes has moderated, we have seen gold prices rally again.In late 2011, gold prices peaked at close to $1,900 per ounce then retreated steadily to levels of just over $1,000 per ounce at the end of 2015. Prices are currently just shy of $1,300 per ounce.There are certainly many questions that remain with respect to wher...Read More
Investors currently flip-flopping over gold should today consider Lundin Mining (TSX:LUN), a hale and hearty materials ticker that can give Canadian stock market aficionados a bit of protection from the vagaries of the TSX index with the precious yellow stuff. It may even be suitable for a TFSA or RRSP, with some defensiveness, a clean balance sheet, the current undervaluation, and a corresponding...Read More
Vista Gold (VGZ) has a storied history as a junior gold miner. In 2012 new management, led by CEO, Fred Earnest, took control of the operations and has been advancing the Mt. Todd gold project, which is the largest undeveloped gold project in Australia.Mt. Todd contains nearly 6 million ounces of gold reserve (proven/probable). A Preliminary Feasibility Study updated in 2018 shows a project wi...Read More
McEwen Mining Inc. (NYSE: MUX, TSX: MUX) is a growing gold and silver producer in the Americas, with operations in Argentina, Mexico, Nevada, and Canada. The Company's goal is to qualify for inclusion in the S&P 500. We learned from Mr. Rob McEwen, Chairman & Chief Owner of McEwen Mining, that in 2019 the company will be producing 200,000 ounces gold equivalent. It's internal growth pipeline could...Read More
Publisher's Note: Today we're bringing you the legendary Mr. James Dines' current market analysis.Mr. Dines was right on the money with his recent call in The Dines Letter to get into gold and with his crucial sell call on the S&P 500 last year.If there is anyone to listen to right now, this is the man.To your wealth,Nick HodgePublisher, Outsider Club"We predicted that the 21st Century would som...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was trading to the downside Friday, ending the blue chip index's five-day winning streak.General Motors Co. (GM) jumped 7% after the company said 2018 earnings will exceed the automaker's previous expectations and it raised its 2019 profit forecast.Netflix Inc. (NFLX) rose 4% to $337.6...Read More
Adam HamiltonArchivesJan 11, 2019 Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes...Read More
The Friday Market Minute Global stocks continue to rise, pulling Asia to a five week high, as a dovish Fed and U.S. China trade talk progress keeps bulls in charge.Fed Chair Powell repeats need for "patience" as dovish tilts adds nearly 6% in added value to U.S. stocks since last week's payroll data.Global oil prices extend gains into an 10th session, the longest winning streak since 2010,...Read More
The financial situation right now is looking like before the Great Depression, says Alasdair MacLeod from GoldMoney.MacLeod first updates us on Brexit. Is the UK going to do a hard Brexit, go for Theresa May's proposal, or something else? He shares the positives and negatives of the possibilities.MacLeod says the US is experiencing an asset price collapse, which looks similar to right before the G...Read More
Ring is a global home security company owned by Amazon. Ring manufactures a range of home security products that incorporate outdoor motion based cameras andContinue...Read More
With the election of Donald Trump, the US right let its id off the leash. Now pretty much everything conservatives have thought but not said is finding its way to Facebook, Twitter, and the evening news.Continue...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we’ll hear one of the more important interviews we’ve ever done on the broken nature of the precious metals’ futures exchanges, and what might be the driving force that ultimately destroys the confidence in these markets, paving the way to true price discovery. Mining analyst and precious metals ex...Read More