Altonorte anodes port of Antofagasta, Chile. Image: Glencore Copper was trending lower again on Friday, a day after staging a spectacular comeback from levels last seen during the global financial crisis more than a decade ago.Copper trading in New York was pegged at $2.132 a pound ($4,700 a tonne) in afternoon trade, on track for a weekly decline of nearly 14% and the lowest close since early 20...Read More
Cerro Moro gold-silver mine in Argentina. (Image courtesy of Yamana Gold) Yamana Gold (TSX: YRI; NYSE: AUY) announced on Friday a temporary, partial demobilization of its workforce at its gold-silver Cerro Moro mine in Santa Cruz Province, Argentina, in response to the government's declaration of mandatory social isolation to combat the spread of covid-19.Until March 31, the day the mandatory sel...Read More
AbCellera has already identified 500 potential antibodies that could potentially used to treat Covid-19 patients. A Vancouver biotech company that specializes in antibody discovery has partnered with American pharmaceutical company Eli Lilly and Co. (NYSE:LLY) to develop a new drug for the treatment and prevention of the Covid-19 virus.The private biotech developed what it calls a rapid pandemic...Read More
Pure Gold Red Lake mine site. Credit: Pure Gold Mining Pure Gold Mining (TSXV: PGM) announced on Friday that the company is closely monitoring the Covid-19 pandemic and has implemented preventative measures at both the Pure Gold Red Lake mine site as well as corporate offices to safeguard the health of its employees."Though there have been no confirmed or suspected cases of Covid-19 in Red Lake,...Read More
Carvill said Kenmare was currently loading a 60,000 tonne vessel with material destined for three customers in China.Read More
Today is Friday, March 20, 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 $1,483.65. It's up 1.11% from yesterday and up 12.90...Read More
Today is Friday, March 20, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Delek Logistics Partners LP (NYSE: DKL), Oasis Petroleum (NASDAQ: OAS), and Centennial Resource Development (NASDAQ: CDEV).Delek Logistics Partners LP (NYSE: DKL)Delek Logistics Partners LP (NYSE: DKL) is a $222.27 million company today with a one-year return of -77.68%. Let's lo...Read More
Share this articleCALGARY - Canada's oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic.Calgary-based Dominion Diamond Mines ULC says in a message on its website that none of the employees at its Ekati Diamond Mine about 300 kilometres northeast of Yellowknife in the Northwest Territories has tested positive to date.But it says...Read More
Share this articleTORONTO - New Gold Inc. is closing its Rainy River Mine near the U.S. border in western Ontario for two weeks so that its workers can follow the 14-day self-isolation period recommended for those who have travelled outside Canada.The Toronto-based mining company says about 70 per cent of the workforce at the mine near Fort Frances are local residents and many of them make fr...Read More
A MESSAGE FROM THE PUBLISHERThe gold/silver ratio peaked this week at 128.79, its highest level in the ratio's 4,000-year history.Today, we examine what that means for precious metal investors.But first, let me briefly describe what we're talking about for those who don't know.Gold/Silver Ratio since 1970What Is the Gold/Silver Ratio?The gold/silver ratio (sometimes "gold-to-silver ratio") is pret...Read More
Share this articleVancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic.CEO Jon Evans says the company is in the process of "demobilizing" its construction workforce of more than 1,000 people.He says the 40,000-tonne-per-annum...Read More
BHP will make immediate payments of outstanding invoices. The accelerated payment program is expected to deliver about A$100 million more quickly into the hands of the company's small business partners.BHP will reduce payment terms to seven days from 30 days for more than 1,100 small Australian businesses from next week.BHP CEO Mike Henry said the company was taking action to reduce the risk of tr...Read More
The mandatory social isolation declaration significantly and immediately restricts travel through to March 31.Yamana Gold is implementing a partial demobilisation of its workforce at its Cerro Moro mine in Santa Cruz. The company will reduce underground operations and operate largely from its openpit and from stockpiled material. It plans to maintain plant operations during this period.Employees a...Read More
I'll confess I was scared there for a minute.There's a restaurant across the street from my house and I'm friendly with the owner. When things started to go sideways last Friday I asked him how his business was holding up. He told me he was already hurting and had no idea how he'd cope if they shut down restaurants and bars. His waitstaff, kitchenstaff, and bartenders were worried too. Most of th...Read More
Frank Curzio, host of the popular Wall Street Unplugged podcast and editor of Curzio Research Advisory, is one of America's most ...Read More
(March 18, 2020)Before we look at tonight's charts I would like to take a minute and explain to our new members how we manage the different portfolios. We have 3 different portfolios, the Kamikaze, Leveraged and the PM Stocks Trade portfolios with each having $100,000. That $100,000 in each portfolio is then broken down into $5000 increments for each trade giving us a total of 20 trades for each...Read More
By: Gary Savage As I have said before, this will form a final 4-year cycle low, a bounce, then retest of the lows again but then..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold $200 an ounce from the highs. Liquidity needs. Technically speaking, PAY ATTENTION: ranges are starting to narrow, innately -- but volatility is being taken out:Read More
The U.S. dollar has been one of the few big winners lately, but this is hardly a good thing. If the greenback continues to strengthen, it will hurt U.S. multinationals whose overseas revenues are reckoned in currencies that would be falling. In addition, all who owe will need to repay their loans in dollars more dear than at the time they were borrowed. And it will sink prices for a broad vari...Read More
I had mentioned long before that there will be a big disconnect between future price of gold and silver and physical price of gold and silver. Yesterday physical price of silver was much higher than silver future. One three reasons why I have been telling to only invest in physical gold and physical silver for your retirement. Physical silver price was much higher than future price. One can trad...Read More