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@nlepan #Gold US$1,151/oz vs US$1,160/oz last week Gold ETFs 57.1moz vs 57.2moz last week #Platinum US$907/oz vs US$904/oz last week #Palladium US$686/oz vs US$670/oz last week #Silver US$15.99/oz vs US$16.22/oz last week Source: http://www.spangel.co.uk/
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@nlepan #Aluminium US$ 1,696/t vs US$1,695/t last week - “There’s a huge pressure from the supply side,” SMM Information & Technology, a metals markets intelligence provider, said. - “Aluminum will be weaker in China compared with London, which, together with yuan depreciation, will prompt exports.” - The firm expects 1mt surplus in 2017 compared with a 650kt deficit. - CRU estimates Chinese production growth to increase 8.8%yoy to 34.7mt this year versus a 3.6%yoy gain in 2016. - This would account for 70% of global growth and lead to increased shipments overseas. - CRU forecasts a “slight surplus” this year and prices to average $1,560/t v $1,611 average for 2016 and $1,693/t as of YE16. #Nickel US$ 10,125/t vs US$10,140/t last week #Zinc US$ 2,563/t vs US$2,553/t last week #Lead US$ 1,993/t vs US$2,000/t last week #Tin US$ 21,100/t vs US$20,815/t last week Source: http://www.spangel.co.uk/
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@nlepan #Iron ore 62% Fe spot (cfr Tianjin) US$72.0/t vs US$75.3/t - #Brazil shipped a record amount of iron ore in 2016, according to Bloomberg. - The nation exported 374mt last year, up from 366mt in 2015. - Numbers do not include the commissioned S11D project which is expected to complete first shipments in midJan. - Chinese steel rebar 25mm US$478.8/t vs US$480.9/t - Thermal #coal (1st year forward cif ARA) US$62.5/t vs US$70.0/t last week - Premium hard coking #coal Aus fob US$226.0/t vs US$238.1/t Source: http://www.spangel.co.uk/
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@nlepan Bellatrix Announces a Growth Focused 2017 Capital Budget That Doubles Yearly Funds Flow From Operations Along With a Sustainable Three Year Development Plan. http://www.prnewswire.com/news-releases/bellatrix-announces-a-growth-focused-2017-capital-budget-that-doubles-yearly-funds-flow-from-operations-along-with-a-sustainable-three-year-development-plan-609752365.html #energy
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@Highheat @PamplonaTrader What was your thought on posting the year old ZH video of Kyle Bass? I liked his thoughts on energy and didn't realize it was a year old until I double checked the date. Would be curious to see if he still feels as strong given what has happened this year. Thanks for posting.
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@Highheat @2pac My son and me went and had our 1st Moon Cheese at Starbucks last night.DD.
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@nlepan The amount of public companies in America is shrinking. A new generation of companies that have shunned public markets. With interest rates hovering near record lows, big investment funds seeking higher returns are showering private companies with cash. Companies also are leaving the stock market in near-record numbers through mergers and acquisitions. http://www.wsj.com/articles/americas-roster-of-public-companies-is-shrinking-before-our-eyes-1483545879?
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@nlepan Want to know Julian Assange's endgame. "“The more secretive or unjust an organization is, the more leaks induce fear and paranoia in its leadership and planning coterie. This must result in minimization of efficient internal communications mechanisms (an increase in cognitive ‘secrecy tax’) and consequent system-wide cognitive decline resulting in decreased ability to hold onto power as the environment demands adaptation.”" https://www.wired.com/2016/10/want-know-julian-assanges-endgame-told-decade-ago/?
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@nlepan Is sugar the world’s most popular drug? It eases pain, seems to be addictive and shows every sign of causing long-term health problems. Is it time to quit sugar for good? https://www.theguardian.com/society/2017/jan/05/is-sugar-worlds-most-popular-drug? #sugar
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@nlepan In Mexico, there has been a sharp increase in gas prices that has led to an eruption of looting of gas stations. Protesters also continued to block highways, burn tires and seize gas stations, snarling traffic and jeopardizing fuel supplies across the country. http://www.ctvnews.ca/business/unrest-over-mexico-gasoline-prices-erupts-into-looting-1.3228233 #gas #oil #energy
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@marketwired Cordoba Minerals Reports High-Grade Mineral Resources for the Alacran Copper and Gold Deposit @marketwired/cordoba-minerals-reports-high-grade-mineral-resources-bcb33 $CDB The initial, pit-constrained, Inferred Mineral Resource for the Alacran Deposit is 53.52 million tonnes at 0.70% copper and 0.37 g/t gold, or 0.95% copper equivalent, including 7.37 million tonnes at 2.14% copper and 0.41 g/t gold above 1% copper cut off.  #copper #gold #Colombia
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@Onlyflaws Bitcoin correcting -12,5%
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@newswire BGM discovers new zones on Island Mountain, intersects 52.62 g/t Au over 3.25 metres and 16.08 g/t Au over 7.10 metres @newswire/bgm-discovers-new-zones-on-island-mountain-intersects $BGM
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@Leon #gold in Frankfurt @ $1173.65 + 0.90% #silver $16.57 +0.79% handing the baton to the U.S. / Canada for a good run today :-)
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@nlepan The cold snap gripping B.C. drove electricity consumption to an all-time high Tuesday, according to BC Hydro. Demand for power peaked at 10,126 megawatts between 5 and 6 p.m., the utility provider said, breaking the previous record of 10,113 that was set back in November 2006. http://bc.ctvnews.ca/electricity-consumption-hits-all-time-high-in-b-c-amid-cold-snap-1.3227832 #energy #BC
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@nlepan 74.2 million yen ($632,000) for a 212 kilogram (466 pound) bluefin tuna in what may be the last auction at the current site of Tokyo's Tsukiji market. https://www.bloomberg.com/news/articles/2017-01-05/bluefin-tuna-goes-for-632-000-in-1st-tsukiji-auction-of-17?
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@nlepan Last year, 91 per cent of all homes in British Columbia were covered by the homeowner grant program, which offers $570 to owners of properties with an assessed value of less than $1.2-million. But this year, only 83 per cent of B.C. homes in the province would be covered under the grant’s current format. http://www.theglobeandmail.com/news/british-columbia/spiking-home-prices-in-bc-bite-into-property-tax-relief/article33509335/ #realestate
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@Onlyflaws Bitcoin -21%
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@marketwired ADP National Employment Report: Private Sector Employment Increased by 153,000 Jobs in December @marketwired/adp-national-employment-report-private-sector-employment-edf58 $MCO $ADP According to the December report, the greatest loss was in the goods-producing category, with 5,000 job losses in the natural resources/mining sector, 2000 and 9,000 job losses in the construction and manufacturing sectors respectively. #jobs #US
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@Highheat #GotOil
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@mike Trump's Tweets To Push Gold To $1,600/oz in 2017? #Gold $GLD http://www.zerohedge.com/news/2017-01-05/trumps-tweets-push-gold-1600oz-2017
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@nlepan Penn West hikes 2017 budget, unveils CFO change. The company has raised its capital budget to $180 million from $150 million and is expecting a 15% increase in production from core areas. It expects to produce between 27,000 to 29,000 BOE from its key properties. Penn West also announced that chief financial officer David Dyck, and Gregg Gegunde, senior vice-president of Exploitation, Production and Delivery, will be leaving the company. David Hendry, vice-president of finance, will take over from Mr. Dyck as the company’s CFO. $PWT http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-hikes-2017-budget-unveils-cfo-change/article33510479/ #energy #oil
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@nlepan Japanese Insurance firm Fukoku Mutual Life Insurance is making 34 employees redundant and replacing them with IBM’s Watson Explorer AI. https://www.theguardian.com/technology/2017/jan/05/japanese-company-replaces-office-workers-artificial-intelligence-ai-fukoku-mutual-life-insurance? #tech No wonder countries are considering basic income, none of their citizens will have any jobs! $IBM
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@mike China Threatens Trump With "Big Sticks" If He Wages A Trade War http://www.zerohedge.com/news/2017-01-05/china-threatens-trump-big-sticks-if-he-wages-trade-war
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@nlepan Ottawa spending half a billion dollars for Canada’s 150th anniversary. The largest share of the money – $300-million – is being delivered by regional development agencies through the Canada 150 Community Infrastructure Program. http://www.theglobeandmail.com/news/national/canada-150/ottawa-spending-half-a-billion-dollars-for-canadas-150th-anniversary/article33508942/? #Canada #HappyBirthday #Infrastructure
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@stateside Just an aside - I love the grace and fluidity of the movements of the words as they disappear when a poster deletes a post. Nicely done @murat
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@nlepan The future of asset management is looking grim. One asset manager offers some insight on how to improve the business: fewer and more meaningful client relationships, less tap-dancing and more truth. http://www.institutionalinvestor.com/blogarticle/3589312/blog/the-things-we-think-and-do-not-say.html
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@newswire GoGold Production Increases 122% over Previous Quarter @newswire/gogold-production-increases-122-over-previous-quarter $GGD Production for the quarter ended Dec. 31, 2016 was of 406,897 silver equivalent ounces. The production increase was driven by a full quarter of production from the Santa Gertrudis high grade zone recently discovered and improvements at Parral. The Santa Gertrudis high grade material represented approximately 50% of the quarterly production.
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@newswire TMX Group Limited announces release date for Q4 2016 financial results and analyst conference call @newswire/tmx-group-limited-announces-release-date-for-q4-2016 $X #exchanges  An analyst conference call to review the results will be held on Tuesday, February 14, 2017 at 8:00 a.m. ET.
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@newsfile Bearing Names Ben Asuncion VP of Business Development @newsfile/bearing-names-ben-asuncion-vp-of-business-development $BRGRF $BRZ $CA07403D1096 Mr. Asuncion previously worked with #Haywood Securities.
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anonymous Cordoba Minerals Reports High-Grade Mineral Resources for the Alacran Copper and Gold Deposit @marketwired/cordoba-minerals-reports-high-grade-mineral-resources-bcb33 $CDB $GOLD $COPPER
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@nlepan The next generation of nuclear power is coming, as concerns about climate change bring the industry out of hibernation. There are new startups and young scientists are hoping to develop solutions for safely generating vast amounts of nuclear energy. http://www.pbs.org/newshour/bb/demand-clean-energy-inspires-new-generation-innovate-nuclear-power/ #nuclear #energy
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@marketwired Robex Resources Inc.: Nampala Mine Enters Into Commercial Production @marketwired/robex-resources-inc-nampala-mine-enters-into-commercial $RBX $RB4
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@nlepan German push for home ownership drives price bubble fears. Once a nation renowned for low levels of property ownership, Germany is turning to home ownership in response to plummeting interest rates and a still-humming economy, with unemployment at its lowest level since the country’s postwar reunification in 1990. https://www.ft.com/content/dc6ad2e4-c6ac-11e6-9043-7e34c07b46ef #Germany #realestate
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anonymous Mario Stifano, President and CEO of Cordoba, commented, "We are pleased with the initial mineral resource which demonstrates the potential for the Alacran Project to host a significant tonnage of high-grade, potentially open-pittable copper-gold mineralization. This is just the beginning as our ongoing, aggressive drilling program is aimed at growing the mineral resources in size and confidence levels, extending high-grade copper- and gold-rich mineralized zones and drilling additional exploration targets with potential to add a new and significant exploration front to Alacran." $cdb $gold $copper $colombia $ivn
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anonymous The Company expects to update the Mineral Resources during the second quarter of 2017 after the expected completion of its current drilling program. The Alacran system remains open to depth along much of its strike length and surface copper-gold geochemical anomalies indicate the potential for largely untested mineralized zones to the east and west of current mineral resources. $CDB
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@Leon Beijing should know that a #Trump tweet does not necessarily mean a change in policy. ..his policy will be guided much less by a realist logic of great power rivalry. This should lead to cautious optimism for Sino-US relations in the next four years. #tradewar #China #politics www.scmp.com/comment/insight-opinion/article/2058723/how-trumps-america-first-approach-can-ease-great-power
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@nlepan The Toronto Real Estate Board says the GTA’s average home price soared to $730,472 last month, up 20 per cent from December 2015. There were 5,338 sales transactions for all types of residential property last month — including condo units and fully detached houses. That was up 8.6 per cent compared with December 2015 — despite a tight supply of properties for sale. http://business.financialpost.com/personal-finance/mortgages-real-estate/toronto-home-sales-climbed-to-record-high-in-2016-as-prices-soar-20 #realestate #Toronto
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@Leon Heading into 2017, the major #blackSwan risk for #commodity demand is an unexpected economic downturn in any of the major commodity consuming nations. Namely, investors will continue to focus on the #Chinese economy. ~ Barclays Bank www.bloomberg.com/news/articles/2017-01-05/barclays-sees-black-swan-threats-to-commodities-in-year-ahead-ixjyd4pq
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@nlepan Wary traders raise red flags over what’s ahead for mining stocks as sector’s indexes show signs of stalling. “We have taken most of our money off the table,” said Steve Johnson, chief investment officer at Sydney-based Forager Funds Management. Mr. Johnson fears the credit-fueled spending in China that propelled commodity markets higher in 2016 won’t last, a common concern among money managers. http://www.wsj.com/articles/can-worlds-miners-dig-up-another-year-of-stratospheric-gains-for-investors-1483612249 #commodities #mining
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@marketwired Millrock and Centerra Gold Form Strategic Alliance to Target Gold Projects in Sonora, Mexico @marketwired/millrock-and-centerra-gold-form-strategic-alliance $MRO  Centerra will provide funding of at least US$250,000 this year. Upon making exploration expenditures of US$2.0 million on a designated project, Centerra will vest with an 80% joint venture interest and Millrock will retain a 20% interest.
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@marketwired Dowa Exercises Option to Earn 49% Interest in Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska @marketwired/dowa-exercises-option-to-earn-49-interest-in-palmer $CEM
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@newswire Alterra Power Announces Execution of Project Contracts for Flat Top Wind Farm @newswire/alterra-power-announces-execution-of-project-contracts $MGMXF $AXY Turbine supply agreement with Vestas-American Wind Technology, Inc. to supply 100 V110-2.0 MW wind turbines. #energy
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@newswire Rye Patch Gold Loads Leach Pad at Florida Canyon @newswire/rye-patch-gold-loads-leach-pad-at-florida-canyon $RPMGF $RPM The projected ramp-up to 600,000 tons per month production (545,000 tonnes per month) is on track for April 2017. The first gold pour from the new leach pad is projected to occur in February.
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@nobshere @EvenPrime No Im east side of Rocky Mtn country Want to thank you for all your work on that contest At year end you will be handing me the flowers :))
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@nlepan Unifor national president Jerry Dias. says Ottawa should also “stick its nose” in the auto business after Ford Motor Co. aborted plans this week to build a $1.6-billion (U.S.) small-car factory in Mexico that Trump had criticized, with the automaker announcing instead it would invest further in Michigan. https://www.thestar.com/business/2017/01/04/trumps-tough-talk-good-news-says-canadian-auto-union.html
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@jamjam #INDEX Total contract amount half billion dollar in 15 days CALGARY – January 4, 2017 - ClearStream Energy Services Inc. (“ClearStream”, TSX: $CSM ) is pleased to announce that it has successfully renewed a five year maintenance contract with a major oilsands producer in the Fort McMurray region. This contract will be carried out by ClearWater Energy Services, a subsidiary of ClearStream and is expected to generate approximately $390 million of revenue over the term of the contract CALGARY – December 22, 2016 - ClearStream Energy Services Inc. (TSX: CSM; “ClearStream”) is pleased to announce that it has been awarded a three-year Master Service and Supply Agreement (the “MSSA”) with Yara Belle Plaine Inc., a Saskatchewan based Nitrogen Fertiliser Company. Yara Belle Plaine Inc. is a subsidiary of Yara International ASA, the world’s largest producer and marketer of mineral fertilisers that help feed a hungry world population. ClearStream and its subsidiaries will provide maintenance, turnaround and sustaining project services under the terms of the agreement, which is expected to commence in February 2017. This new MSSA is expected to generate approximately $105 million of revenue for ClearStream over the term of the agreement. Joint venture with SNC contracts CALGARY – December 21, 2016 – ClearStream Energy Services Inc. (TSX: CSM “ClearStream”) is pleased to announce, through a joint venture with SNC-Kentz, the award of a five-year agreement with a prominent integrated oil company to provide engineering and procurement services for maintenance and sustainment projects in Fort McMurray, Alberta. ClearStream has provided maintenance services to customers in the Fort McMurray region for over 25 years and we believe this new agreement will help us maintain and grow our presence in the region for years to come.
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