Canadian miners continued going down the slippery slope in the last three months of 2018 due mostly to weak commodity prices, triggered by a slowdown in China's economy near the end of the year, the latest report by Ernst & Young (EY) reveals.As a result, EY's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mi...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES 2019 PRODUCTION GUIDANCE TO 920,000 - 1,000,000 OUNCES, FOSTERVILLE MINERAL RESERVES INCREASE 60% TO 2.7 MILLION OUNCES AT 31.0 G/TKirkland Lake Gold Ltd. has revised and increased its consolidated three-year production guidance and improved its unit cost guidance for 2019. The company also announced today mineral reserve and mineral resource...Read More
• The latest FOMC meeting minutes provided a lift to the USD and prompts some profit-taking. • Uncertainty over US-China trade talks underpins safe-haven demand and helped limit downfall. Gold finally broke down of its Asian session consolidation phase and was now seen extending the overnight retracement slide from 10-month tops. The latest...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Spanish Mountain Gold (TSXV: SPA) is one step closer to developing its namesake project in British Columbia following the acceptance by local First Nations of the results of an independent archaeological impact assessment.In a press release, Spanish Mountain said the survey found the investigated area to have sustained previous disturbance through extensive forestry-related and placer mining activ...Read More
Based on the VC PMI, we are coming into this week with gold having a bullish weekly trend momentum.If gold closes below $1294, it would negate this bullishness to neutral.The monthly S1 was at $1338, which has been completed, while the S2 level, if we go into a blow-off acceleration phase, is $1356.We are waiting now for the market to close below $1338 to activate a short signal.If we close below...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced today that management increased its consolidated three-year production guidance and improved its unit-cost guidance for 2019.In a press release, the miner said that there is potential for a million ounces in 2019 as guidance was increased to 920,000 - 1,000,000 ounces from the previously announced 740,000 - 800,000 ounces.For next year, Kirklan...Read More
Being dogmatic about gold investing doesn't make much sense; there are times to be bullish and times to be bearish on the precious metal.Trying to time the gold market is futile, but the statistical evidence shows that quantitative systems based on trend-following tend to produce attractive returns.Introducing 3 quantitative systems based on trend-following and relative strength in the SPDR Go...Read More
(Updates prices) * Dollar gains after Fed minutes * Profit-taking weighs on palladium after record surge * Investors focus on U.S.-China trade talks * GRAPHIC-2019 asset returns: By K. Sathya NarayananFeb 21 (Reuters) - Gold slipped on Thursday from a 10-monthhigh hit in the previous session after minutes from the U.S.Federal Reserve's last meeting kindled expectations of aninterest rate hike this...Read More
* Glencore cuts 2019 copper forecast * Declining LME copper stocks support price * GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Feb 21 (Reuters) - Copper prices slipped fromseven-month highs on Thursday as the dollar firmed and investorscashed in gains from a rally in the previous session fuelled byfalling inventories.The dollar found strength in minutes from a U.S Fe...Read More
Gold is currently trading at $1,340, having clocked a high of $1,346.85 yesterday. On the daily chart, the safe haven yellow metal carved out a doji candle yesterday, signaling indecision/bullish exhaustion. Further, on the 4-hour chart, the RSI has diverged in favor of the bears. Therefore, the yellow metal could fall back to the ascending 5-day moving average (MA) support, currently...Read More
Record gold production; Record reserves for gold, silver, and leadCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced fourth quarter and full year 2018 financial and operating results.YEAR-END HIGHLIGHTSSilver production of 10.4 million ounces and record gold production of 262,103 ounces.Silver equivalent production of 4...Read More
Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More
Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold slipped off a 10-month peak on Thursday, pressured by signals the U.S. Federal Reserve will not adopt as dovish a stance on monetary policy as previously thought and as investors booked profits, while palladium retreated from a record high.Spot gold fell 1.08 percent to $1,324 per ounce at 1:56 p.m. ET,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Wednesday following the release of minutes from the January meeting of the Federal Reserve's rate-setting committee. CVS Health Corp. (CVS) posted stronger-than-expected fourth-quarter earnings but its 2019 profit guidance fell far short of Wall Street forecasts. The stock&n...Read More
The Wednesday Market Minute Global stocks edge higher on increasing trade deal optimism after President Donald Trump says March 1 deadline not a "magical" date in U.S.-China talks.Gains capped ahead of Fed minutes as investors seek confirmation of central bank's neutral stance on rates amid slowing economic data at home and abroad.Global oil prices little-changed ahead of API data later tod...Read More
By Avi Gilburt, ElliottWaveTrader.net There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother's tale, or in the common vernacular, an old-wives' tale.Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the i...Read More
By: Ira EpsteinGold continues to trend with lower-lows, higher-highs. In a resistance area. The gold market is overbought. Gold stocks - $GDX - also back up into upper resistance and overbought as well. That does not mean in a downtrend...Read More
By: Ross Norman, Sharps PixleyGold's relative strength indicator is at the 73, highest since September 2011 - the month that gold hit an all-time high. This may suggest that gold is technically "overbought" just now, but it is also at a level we saw regularly back in the early 2000's when gold was starting a bull run with a 16% year on year increase, well before the Global Financial Crisis.There...Read More