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Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is down.Read More
Shane Nagle, an analyst with the National Bank of Canada, explained the rationale behind launching coverage on this zinc-focused mining company. Trevali's worldwide projectsIn a March 1 research note, National Bank of Canada analyst Shane Nagle reported that he initiated coverage on Trevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) with a Sector Perform rating and a 12-month, per-share target pr...Read More
Tara Hassan, an analyst with Raymond James, provided an update on this company's joint venture project in Mexico. Juanicipio projectIn a Feb. 27 research note, analyst Tara Hassan with Raymond James reported that MAG Silver Corp.'s (MAG:TSX; MAG:NYSE.MKT) Juanicipio project, according to joint venture partner Fresnillo Plc (FRES:LSE), is still on track for initial production in mid-2020, the ta...Read More
A silver explorer with property in Bolivia began trading on the OTCQX Best Market today. New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) announced that its shares commenced trading today on the OTCQX Best Market under the symbol NUPMF. It will continue to trade on the TSX Venture Exchange under the symbol NUAG.New Pacific Metals CEO Rui Feng stated, "In response to investor interest we have ch...Read More
Peter Epstein of Epstein Research profiles a company actively exploring a project in Argentina that could become a major copper-gold asset. Drill cores at Centenera's Esperanza ProjectI recently returned from a hectic trip to Toronto for an annual mining industry investment conference known as PDAC. I met with 28 companies and spoke to dozens of investors. While there, I expected to talk a lot ab...Read More
Inthe free analysis that we posted lastMonday,we warned that Friday’s session was likely to be volatile and tricky. Thisseems to have indeed been the case for silver. The white metal declined earlyin the day only to rally almost 40 cents from the initial low. In our previousalert, we discussed the possibility of silver topping at about $16.65 and thislevel was reached. Is silver about to tak...Read More
The analysis we have been conducting regarding the US and global markets shows one very interesting component that many people are overlooking – the pricing pressure in precious metals. Our research team at Technical Traders Ltd. has attempted to understand and this pricing pressure in relation to the strong international demand exhibited by China, India, Russia, and others.The be...Read More
Dismissing America's Heartland to a foreign audience, Hillary Clinton says states that didn't vote for her are "backwards." Clinton brags she won the coasts & places that are "moving forward." Be sure to like, subscribe, and comment below to share your thoughts on the video.Read More
March 12 (Reuters) - Gold prices fell on Monday as the dollar held steady after data showed the U.S. economy added a larger-than-expected number of jobs in February.FUNDAMENTALS* Spot gold was down 0.1 percent at $1,322.15 per ounce at 0123 GMT. Prices touched their lowest since March 1 at $1,312.99 in the previous session.* U.S. gold futures for April delivery fell 0.1 percent to $1,322.10 per ou...Read More
Operations at Newcrest Mining’s Cadia mine are temporarily suspended after a partial dam collapse following a series of earthquakes that hit New South Wales. Mine workers noticed the damage on Friday, Sydney Morning Herald reports, adding that “the tailings dams contain byproducts of mining and can contain materials which are harmful to the environment and human health.” Newcrest...Read More
(Kitco News) - London’s $6.8 trillion-a-year gold market is ready for change, according to a Reuters report, which states that the city’s clearing house — the London Precious Metals Clearing Limited (LPMCL) — is making it easier for others to join.The LPMCL operates the London’s electronic clearing system, which is responsible for clearing and settling all bullion tra...Read More
(Reuters) - Newcrest Mining Ltd (NCM.AX) said on Monday its fiscal 2018 guidance would be adversely affected by the closure of its flagship mine following damages to a tailings dam wall.In its statement to the Australian Securities Exchange, the gold miner did not detail the extent to which the event would affect its 2018 forecast.The update followed Newcrest’s disclosure over the weekend th...Read More
Linda SiegTOKYO (Reuters) - Japan’s finance ministry is set to report on Monday that documents were doctored in a suspected cronyism scandal, which if true would add further pressure on Japanese Prime Minister Shinzo Abe and his close ally, Finance Minister Taro Aso.Abe, now in his sixth year in office, had tried to put behind him questions over the sale of state-owned land at a huge discoun...Read More
Industrials retreat from big weekly gains as tariffs loomYen climbs on government land scandal; commodities declineChris Brankin of TD Ameritrade Singapore says "our customers are still bullish."U.S. stocks finished the day lower as uncertainty over the prospect of tariffs undid some of the market’s recent job-driven advances and investors looked forward to Tuesday’s U.S. inflation r...Read More
Marc JonesLONDON (Reuters) - The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday.The latest report from the Switzerland-based group said that after such a long period of calm there were bound to be more market wobbles and that trade war worri...Read More
Steve HollandMOON TOWNSHIP, Pa. (Reuters) - U.S. President Donald Trump said on Saturday his planned meeting with North Korean leader Kim Jong Un could fizzle without an agreement or it could result in “the greatest deal for the world” to ease nuclear tensions between the two countries.“I may leave fast” if progress does not seem possible, Trump said at a campaign rally for...Read More
LONDON (Reuters) - Chinese banks have significantly stepped up their lending activities in recent years to rank now as the sixth-largest international creditor group, the Bank for International Settlements (BIS) said on Sunday.The BIS, an umbrella body for global central banks, said in its latest report that Chinese banks had cross-border financial assets worth about $2 trillion as of the third qu...Read More
The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them - such as whether cash will be replaced by virtual substitutes - are part of a broader debate about the nature of money.The payments sector has argued that the use of cash is falling and therefore they don’t need to provide as many ATM machines or bank branches.But in the BIS’ latest quarterly...Read More
Michael NienaberBERLIN (Reuters) - U.S. President Donald Trump’s tariffs on steel and aluminum imports will cost jobs and growth, German Economy Minister Brigitte Zypries told Reuters on Sunday, adding that Europe and other free traders should not let themselves be divided.Trump set import tariffs on Thursday of 25 percent on steel and 10 percent on aluminum, to come into force in 15 days. H...Read More