Calcining plant Credit: Metso Metso has signed a contract for the delivery of a calcining system to a customer in Russia. The order, valued at approximately ?,?30 million, has been booked in the company's first quarter orders received. The system is expected to start up in 2023. The system is expected to start up in 2023 The circuit features two calcining lines with a total capacity of approxima...Read More
The precious metals basket has fallen well below recent highs.Gold, which had flirted with the US$1,700 an ounce mark just last week, has since fallen below $1,500/oz on the spot market despite interest rates being slashed to near-zero as countries move to combat the economic impact of the coronavirus. "Gold has not been the hedge many thought it would be, falling as investors sell their hold...Read More
"It may be too early to call the bottom, but we believe the sector now offers attractive value," said RenCap. The bank said its top picks were Rusal, BHP and Alrosa.Read More
Today is Tuesday, March 17, 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 $1,536.75. It's up 1.94% from yesterday and up 18.0...Read More
Today is Tuesday, March 17, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cenovus Energy (NYSE: CVE), Par Pacific Holdings (NYSE: PARR), and Falcon Minerals Corporation (NASDAQ: FLMN).Cenovus Energy (NYSE: CVE)Cenovus Energy (NYSE: CVE) is a $2.753 billion company today with a one-year return of -72.06%. Let's look at its price-to-earnings (P/E) ratio...Read More
I had a dream last night that someone broke into my house and wiped the COVID-19 virus all over my door knobs. I'm not usually a worrier, but the constant stream of news from my friends and family coupled with the total lack of credibility from both the government and the press leaves me a bit concerned.It doesn't help that the boy came home from college and plastered "How to Avoid COVID-19" print...Read More
This episode features the first part of a keynote speech by mining mogul and financier Robert Friedland at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Friedland discusses how the proposed Green New Deal will generate a massive increase in copper demand, how Chile and South America have become increasingly challenging mining jurisdictions, and how electric veh...Read More
Publicly traded Kodiak Copper (TSXV: KDK), a portfolio company of the Discovery Group that was formerly Dunnedin Ventures (TSXV: DVI), will focus on copper porphyry exploration in Canada and the United States.The company's three projects are all wholly owned and include the Trapper and MPD copper-gold properties in B.C. and the Mohave copper-molybdenum-silver asset in Arizona, in addition to th...Read More
Copper prices continued to slide on Tuesday after China released economic data showing the deepest declines on record for industrial production and fixed asset investment.Copper trading in New York fell by 3% on Tuesday following a 5% decline Monday to a low of US$2.32 per lb. (US$5,110 a tonne), the weakest level since early November 2016. The copper price is now down 19.7% from its 2020 high, st...Read More
There is a lot of blame to throw around these days, but I want to focus on one place in particular.It isn't President Trump, who can't get through a several-minute speech without his staff having to quietly correct him after press briefings.It isn't the federal government, which can't get its act together and is leaving too much up to a fragmented state and local response.And though I have a serio...Read More
"@BruceHaldenby @KennedyFinance @TFMetals @GlobalProTrader The way to interpret is they bought at 18 a couple of weeks ago and have inventory."Read full newsRead More
"$MAGS - Magal Security Systems Ltd. (MAGS) CEO Dror Sharon on Q4 2019 Results - Earnings Call Transcript. https://t.co/B2q1pgtR4m #stocks #investing #finance"Read full newsRead More
I got pelted with garbage after the last (bearish) update was posted on the 1st because right after, gold zoomed back up following a $75.80 plunge, as we can see on its latest 3-month chart below, and this "swansong rally" even made it to a marginal new high, but it did not negate the bearish implications of the late February plunge. In the last update it was written "This kind of massive smackd...Read More
By Avi GilburtI have to tell you that the last 6 months in this market have been the most unusual of my career as a public analyst. And I tried warning many of you of the potential, yet most chose to deride my perspective, as many got suckered into the biggest fake-out I have ever seen in the market.In my analysis published on emerging markets back in early February entitled "Sentiment Speaks: E...Read More
By: Ira EpsteinT.A. LOOK: Gold monthly chart: momentum pointing down, trend is up. Weekly chart: $1,535 / 18 week moving average was the support and it basically hit it on Friday. Weekly uptrend is over. Does not mean the market is bearish..Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More
The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More
Granada Gold Mine Inc. (CVE:GGM) shareholders will doubtless be very grateful to see the share price up 33% in the...Read full newsRead More