The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at US$1,621 per oz., a 0.43% decrease.Shares of Consol Energy rose US$1.90 to US$6.93 per share. The company reported on March 30 that two employees at its Bailey underground mine in Pennsylvania had recently tested positive for C...Read More
The S&P/TSX Venture Composite Index lost 1.19% to finish the trading week at 383.94.Gold X Mining's shares rose 20 ? to $1.53. The junior, which is advancing its Toroparu project in Guyana, announced the appointment of Paul Matysek as its CEO and chairman. Matsyek, a geologist and geochemist, has sold five publicly listed exploration and development companies since 2004 in deals worth a total of m...Read More
"Investing in Gold: What are your options?Read our FREE 2020 gold report for everything you need to know about investing in the precious metal before you jump into the market! https://t.co/cBhszclew1 #preciousmetals #gold #investing"Read full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More
By: Ira Epstein$1484.60 - 1672.40 rang on gold. Not good for the emotional trader. Gold is building a better base. But the overall pattern..Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
""#Gold and gold stocks have bounced back pretty nicely over the last couple of days, so it's very possible that the worst is over for gold and gold #stocks and the recovery has begun" ???(C)See these:$NLR $RYO $AUX $CLM $VSR $CBI $SMN $CCW#MomentumStockshttps://t.co/STtdtaW4L2"Read full newsRead More
Kirkland Lake Gold Ltd (TSX:KL)(NYSE:KL) is one of the best gold stocks in history. It's a perfect buy during the market crash. The post This Gold Stock Can Protect You From the Market Crash appeared first on The Motley Fool Canada.Read full newsRead More
University of Pittsburgh School of Medicine scientists announced a potential vaccine against SARS-CoV-2, the new coronavirus causing the COVID-19 pandemic. When tested in mice, the vaccine, delivered through a fingertip-sized patch, produces antibodies specific to SARS-CoV-2 at quantities thought to be sufficient for neutralizing the virus.Read full newsRead More
"It's still possible to buy physical #gold, but it's not easy for the average person - three experts explain how we got here. https://t.co/9ed2IhLw1O #investing #coronavirus #COVID19"Read full newsRead More
On INK Ultra Money, we have a Real Vision dive into the economic and market impact of coronavirus along with the role that bitcoin could play as the financial system evolves in the wake of the crisis. INK Research also looks at some insider buying in another Canadian resource company that traded at decade lows last month.Canadian Insider Ultra Club members have access to premium and free content...Read More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
Gold prices remained stable on Wednesday as investors sought safe-haven assets after fears of a economic downturn due to increasing lockdowns and other global restrctions to combat the coronavirus pandemic. As oil prices took a plunge due to on-going price wars between OPEN and non-OPEC members and port shutdowns that brought tankers and refineries to a halt, investors are turning to real assets...Read More
Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains this...Read More
A recovery seems to be in store for one gold miner in the weeks to come. The name is not Barrick Gold — the world’s largest gold producer. Investors should include Vancouver-based Sandstorm Gold (TSX:SSL)(NYSE:SAND) in their watch lists during this period of heightened volatility.Smooth operatorWith the COVID-19 scare, investors are again searching to invest in safe-haven assets like g...Read More
Stock image. While in 2020 most miners will focus on operational safety and the health of their employees through minimising risks of covid-19 spread in their mines, Fitch Solutions analysts point out that miners will once again focus on improving efficiency and cutting costs once the pandemic clears. Australia will spearhead the global as well as Asian miners' race to use technology to cut costs...Read More
Guanajuato Mine Complex. (Image courtesy of Great Panther Mining). Great Panther (NYSE: GPL; TSX: GPR) has suspended mining and processing activities at the Guanajuato and Topia mines in Mexico until April 30 in compliance with the government directive to mitigate the spread of covid-19. The miner has begun ramping down activities at both mines and will retain only essential personnel during th...Read More
Nevada. (Image in the Public Domain taken from Piqsels). Nevada Gold Mines has announced measures to provide financial and logistical support to mitigate the impact of the covid-19 pandemic on local communities.At the state level, the company has committed an initial $1.5 million to the Nevada covid-19 Response, Relief and Recovery Task Force, as well as offering to support the effort through it...Read More
Bingham Canyon mine. (Image: Wikimedia Commons) The world's number two miner, Rio Tinto, (ASX:RIO) said it has invoked force majeure on contracts at its Kennecott copper operation near Salt Lake City, Utah following an earthquake last month.Kennecott copper mine and smelter was shut down following a 5.7 magnitude earthquake close to the town of Magna on March 18. There were no injuries and Rio at...Read More
Oyu Tolgoi copper-gold-silver mine. (Image courtesy of Rio Tinto.) Rio Tinto (ASX, LON, NYSE: RIO) is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shakeup at the Oyu Tolgoi operation over what it claims is "a massive devaluation" of the asset.US hedge fund Pentwater Capital wants the designation of a new independent director to represent the inte...Read More