The S&P 500 closed up 4.6% and China's Shanghai Composite Index gained 3.15%.Futures were also pointing to a positive day on most markets.Bank of Japan governor Haruhiko Kuroda said on Monday that Japan's central bank would take necessary steps to stabilise financial markets, following a similar move by US Federal Reserve chair Jerome Powell on Friday, Reuters reported.Australia's Reserve Bank...Read More
The main priority is advancing construction of the Aripuana zinc project in Brazil, which is planned to produce 120,000 tonnes per year of zinc-equivalent comprising 70,000tpy zinc, and 50,000tpy ofRead More
"This arbitration procedure will not affect our current operations. The amounts discussed have been paid, under protest, and are promptly related to past activities. Currently, we operate under a new contract for guarantees and investment promotion measures," said Cerro Verde in a statement.The dispute with tax agency Sunat relates to a 1998 tax stability agreement the company signed with the gove...Read More
Share this articleTORONTO - Ontario's economic development minister has announced he is leading a mining mission to Peru and Ecuador.Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets.He says Peru and Ecuador represent "an abundance of untapped potential" for Ontario suppliers to the mining industry.During Fedeli's April 13-1...Read More
Today is Tuesday, March 3, 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 $1,644.90. It's up 3.47% from yesterday and up 27.24...Read More
Today is Tuesday, March 3, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Williams Companies (NYSE: WMB), Pembina Pipeline Corporation (NYSE: PBA), and Earthstone Energy (NYSE: ESTE).Williams Companies (NYSE: WMB)Williams Companies (NYSE: WMB) is a $22.69 billion company today with a one-year return of -28.55%. Let's look at its price-to-earnings (P/E)...Read More
Here is your S&P 500 index over the past two months:This a classic example of a dead cat bounce. Stocks tend to bounce back 33% from the low. I expect we will fill that gap at 3,120 and sell off for the rest of the week.Ten Years of Bouncing Felines Here is the S&P 500 over the past decade: As you can see, we've had four selloffs in the last 10 years that have broken the up trendline, not incl...Read More
Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC convention attendees in early March. The Star Wars theme song filled the packed conference room while iconic yellow text scrolled up from the bottom of screens flanking the stage before Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder and co-chairman delivered his presentation titled Revenge of the Mi...Read More
Argonaut Gold (TSX: AR) continues to intersect high-grade mineralization below and adjacent to the reserve pit limits at its 22-sq.-km Magino project, 40 km northeast of Wawa, Ontario.The most recent drill highlights include 11 metres of 11.68 grams gold per tonne, 6 metres of 10.79 grams gold and 2 metres of 17.26 grams gold. As reported in December, the ongoing drilling continues to intercept tw...Read More
Drilling between the Marathon and Leprechaun deposits at Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland has confirmed a new area of mineralization: the Berry zone.Drill highlights include 55 metres of 2.24 grams gold per tonne, 8 metres of 3.92 grams gold, and 8 metres of 3.02 grams gold.The eight holes in the latest release tested a 200-metre long section of the 6-km long Spri...Read More
In a capital markets session at the Prospectors and Developers Association of Canada, investment bankers from BMO Capital Markets, TD Securities, CIBC Capital Markets and RBC Capital Markets discussed the impact the outbreak of the coronavirus, or Covid-19, is having on markets and banking. Anthony Vaccaro, group publisher of The Northern Miner, moderated the session, with Michael Faralla, manag...Read More
This episode features a speech by Canadian Prime Minister Justin Trudeau on his vision for the mining industry in the context of climate change at the Prospectors and Developers Association of Canada conference in Toronto on March 2, 2020. Trudeau draws comparisons between today's climate debate and the NAFTA debate from the late-1980s; responds to Teck's decision to cancel its Frontier oil sands...Read More
It's usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this year's Sunday afternoon talks.At the start of his talk on the outlook for metals and mining in 2020, Paul Robinson, a director at CRU Group, noted the unusually...Read More
Sociedad Quimica y Minera or SQM (NYSE: SQM), the world's second-largest lithium producer, continues to suffer from sustained weak prices for the metal used in batteries that power electric vehicles and high-tech electronics, with profit falling almost 38% in the last quarter of 2019.The Santiago-based company posted fourth-quarter net income of US$66.9 million, compared to US$108.6 million in the...Read More
Later this month, some new tech is going to be on the road where Tesla will never go.It is kind of a shame too, considering how beautiful the vistas are...A new breed of trucks will be making deliveries through the Swiss Alps.As these 50 new 18-tonne H2 Xcient trucks from Hyundai get rolling, it will also illustrate a fact that Tesla doesn't want its investors to realize: No matter what it does, i...Read More
"While commodities have been faltering last week due to #COVID19, these five #TSXV stocks saw gains, especially #gas company Orca Exploration https://t.co/cWhMfYR6ag $ORC.A. $AGD $MJS $MGZ.H $BMK #gold #investing"Read full newsRead More
Gary SavageIf you are going to trade precious metals then you MUST accept that you are fighting a battle with the bullion banks and the rules and the law simply do not apply to them. First big warning sign, miners were being suppressed. Why? The bullion banks were heavily short gold that they can't keep adding more shorts. The gold cartel therefore began shorting gold stocks and silver..http://b...Read More
Clive MaundThis article was conceived as a "souvenir article" to assist those of you who did the trade - and I know from feedback that a significant number of you did - in gloating at its glorious success - but here's the thing, working on it turned up some valuable insights that we can turn to our advantage in the immediate future. You will soon see what I mean.As Friday wore on I became more a...Read More
PlungerI would like to put out a quick special report to update you on the big picture in light of all of the market turmoil and provide some of the concepts which may suggest where we are going from here.First off I you were reading these reports in the late summer of 2018 I put out a 3-part series on the Post Bubble Contraction (PBC). Well the PBC has now arrived. Of course it was virtuall...Read More
Trade very carefully today. Central banks are all out to prevent a big crash in stock markets. Crude oil and copper are bullish at the moment. I used to write a monthly column for a jewelry magazine in India between 2007 and 2012. (Now I do not write articles for any media other than www.goldseek.com). In one of the articles I had written that gold prices will crash when human's survival is ques...Read More