South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday.The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportun...Read More
* Gold saw worst one-day pct fall in nearly 2 weeks on Tues* Market eyes Brexit vote at 1900 GMT * GRAPHIC-2019 asset returns: (Updates prices)By Sumita LayekMarch 27 (Reuters) - Gold prices edged up on Wednesday asweak stock markets and falling bond yields reflected worriesabout a global economic slowdown and lifted safe-haven assets.Spot gold was up 0.1 percent at $1,316.61 per ounceas of 1323 G...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Looking at how the S&P 500 has historically behaved after a big quarterly reboundStocks have rebounded nicely since a disastrous fourth quarter in 2018. The S&P 500 Index (SPX) fell 14% in the final three months of last year. The index has made up most of that, gaining over 12% this year, with a few more days to go in the first quarter. This week, I'll look at prior instances when the index lost d...Read More
* FTSE 100 down 0.03 pct * FTSE 250 down 0.01 pct * Oil weighs on the index, financials gain * Debenhams surges on Sports Direct's possible bid * Midcap Avast drops after discounted stake sale (Adds company news items, changes quote, updates to closingprices throughout)By Muvija M and Yadarisa ShabongMarch 27 (Reuters) - London's FTSE 100 struggled to stayafloat ahead of indicative votes on a seri...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
A World Health Organization study shows that over 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being affected by the ongoing Ebola outbreak in the country, which is the world's top cobalt producer and a significant copper and gold producer. The DRC generates more than 60% of the world's cobalt, a key material for making the batteries that power electric cars.Barr...Read More
April Gold’s tortuous slog toward an ‘easy’ rally target at 1332.00 warrants a closer look at the bearish case. For if the futures were to fall just $9 to the green line shown in the chart (click on inset), that would trip a theoretical sell signal to as low as 1255.90 — a 4.5% plunge from current levels. Although the bull trend begun last August from 1182 still dominates t...Read More
* German Bund yield tumbled to -0.09 pct* ECB's Draghi says rate hike timing can be delayed further * Talk about tiered rates for banks grows, bank stocks rally * Money markets slash ECB rate hike bets * Inflation expectations fall* Euro zone periphery govt bond yields (Updates prices)By Dhara Ranasinghe and Virginia FurnessLONDON, March 27 (Reuters) - Germany's long-dated borrowingcosts were on t...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which could take the operation's processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.The decision comes as the results of a preliminary expansion assessment (PEA), published on Wednesday, recommended an expansio...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Umit Bektas | ReutersPalladium slumped 6 percent on Wednesday as investors booked profits after a rally to record highs and slowing global growth cast doubts over demand for the autocatalyst metal, while gold slipped on a stronger dollar.Palladium fell 6 percent to $1,445 per ounce, the lowest since Feb. 18. The metal had hit a record $1,620.52 last...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Tuesday after investors moved beyond recession fears sparked by the inverted bond curve. Bed Bath and Beyond (BBBY) surged 22% following a report that said a group of activist funds were looking to replace the retailer's board. Shares of Apple (AAPL) were down slightly after the...Read More
The Tuesday Market Minute Global stocks edge higher, with Asia rising for the first session in three, while investors continue to take cues on risk from movements in fixed income markets.U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week, ahead of a key $40 billion auction of 2-year notes later in the session.U.K. Pr...Read More
By: IRA EPSTEINGOLD IS AT A KEY JUNCTURE:Read More
By: Stewart Thomson, Graceland Updates1. Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.2. Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.3. Investors need patience. New...Read More
A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization. The West has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment. In the last ten years sinc...Read More
By: IRA EPSTEINGOLD IS AT A KEY JUNCTURE:Read More