The gold price surged on Monday after the US Federal Reserve promised to pump "unlimited" amounts of money into the financial system, boosting the metal's status as a store of wealth and an inflation hedge.On the Comex market in New York, gold for delivery in April, the most active contract, closed just off its day high at $1,567.60, up $83.00 an ounce, or 5.6% compared to Friday's close. Monday w...Read More
Image from BHP. Hatch, Anglo American, BHP, and Fortescue have formed a Green Hydrogen consortium as part of a move to evaluate using green hydrogen to decarbonize their operations.The consortium will aim to eliminate obstacles around the adoption of green hydrogen technologies and encourage their innovative application.Its goal is to identify green hydrogen development opportunities for the...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. With the release of ten outstanding holes from the 2019 exploration program at its Indin Lake property in the Northwest Territories in Canada, Nighthawk Gold has expanded the under-explored central portion of the Colomac Main sill at depth. The holes targeted zones 2.5 and 2.0 at the 899-sq.-km project.Highlights include 36.1 metres of...Read More
Sandvik Rhino 100 The arrival of the Rhino 100 mobile raise borer has proved a game changer for Perth-based underground contractor Raising Australia, part of the Byrnecut Group.Since introducing its first Rhino in 2017, Raining has been able to slash slot-raise production times, improve productivity for its customers, and increase revenue, the company said. Traditional raise boring machines used...Read More
Kakula mine, the first of at least three copper mines planned at Kamoa-Kakula in DRC. (Image courtesy of Ivanhoe Mines.) The Democratic Republic of Congo has imposed a 48-hour lockdown in Haut-Katanga, a key copper-cobalt-producing province after two people tested positive for the coronavirus on a flight from the national capital Kinshasa to Lubumbashi, the provincial capital. The measure, effe...Read More
Freeport-McMoRan said Monday as part of its response to Covid-19, its board had resolved to suspend the quarterly cash dividend of US5c per share previously planned for May 1.Read More
The Brazil-based miner had warned of a possible 800,000 tonne impact on sales this quarter if it had to close the distribution centre due to restrictions designed to halt the spread of the coronavirus.TRMT had handled 23.7 million tonnes of iron ore shipped in 2019."Vale is in communication with the government and working on a contingency plan to keep the terminal operating, while safeguarding its...Read More
Share this articleMONTREAL - A $1-billion deal to combine two Quebec companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday.Stock in Montreal-based Endeavour Mining Corp. fell by as much as $4.15 or 19.2 per cent to $17.50 on the Toronto Stock Exchange after it announced the deal to acquire Semafo Inc.In contrast, Montreal-base...Read More
Today is Monday, March 23, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,556.80. It's up 4.42% from yesterday and up 18.56...Read More
Today is Monday, March 23, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Select Energy Services (NYSE: WTTR), Berry Corporation (NASDAQ: BRY), and Equitrans Midstream Corporation (NYSE: ETRN).Select Energy Services (NYSE: WTTR)Select Energy Services (NYSE: WTTR) is a $258.2 million company today with a one-year return of -75.37%. Let's look at its pri...Read More
A drop in the price of gold and silver - besides fears of a recession and an economic downturn amid the coronavirus outbreak - has created a demand spike for the metals so large that bullion dealers around the world are selling out!Spot gold closed yesterday at $1,496 per ounce, a 9% decline over the last 30 days. Meanwhile, spot silver closed yesterday at $12.57 an ounce, down 32% over the past m...Read More
Endeavour Mining (TSX: EDV) gave markets a welcome break from COVID-19-related news by announcing the acquisition of Semafo (TSX: SMF) in a $1 billion (US$691 million) deal that will create one of West Africa's top gold miners.The transaction, the company said, will create the biggest gold producer in Burkina Faso and Ivory Coast with production estimated at over 1 million oz. per year.The West Af...Read More
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE: NEM) has taken similar measures at four of its operations in Argentina, Canada and Peru.Newmont has temporarily suspended activities at Musselwhite, Eleonore, Cerro Negro and Yanacocha.However, Newmont said mines representing about 80% of its produ...Read More
The Fed has just announced unlimited QE as market turbulence refuses to subside in what looks like a perfect storm for gold.The kind that unfortunately brings with it a very real human toll. I spoke with one of the most successful speculators and investors in the resource space, Rick Rule.In part one, we talk the macro scenario, whether the Fed can print its way out of this, which commodities Rick...Read More
By: Ira EpsteinEverything changed on February 19th. It was China's problem before then, the market didn't care, why care about gold?Then the switched flipped and things changed. Gold remains in an uptrend, the monthly chart showing strong support around $1,458 and below at $1,400 area with resistance around $1635Read More
Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued to sell off in one of the greatest worldwide market panics of our lifetime. The INK CIN fell 177.54 points or 20.4% to an all-time low of 692.87, making for a two-week plunge of over 40%.MACD closed only nominally down 0.03 to -36.63. RS...Read More
The developers at mobile video game publisher Scopely know that content is king. By licensing big-box franchises like "The Walking Dead," "Star Trek," and "Scrabble," and adapting them into free-to-play mobile games, the company has created a cash cow. The Culver City-based private company, founded inRead full newsRead More
"With Hours To Go Until Futures Open, Congress Deadlocked On Stimulus Deal Last week it was conventional toilet paper ...........This week it could be financial toilet paper..........."Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More