The risk of recession is never far away, and with the amount of uncertainty hanging over the markets, portfolio managers should always keep an eye on risk in their stocks. For new investors and veteran shareholders looking to “recession proof” a TSX stock portfolio, here are five key companies to add exposure to for long-term gains that could beat a bear market.The tried-and-tested blu...Read More
The price of gold started the new year with a major surge, driven by safe-haven buying amid a flurry of geopolitical threats.A pullback in recent days, however, has investors wondering if the rally is already over for 2020 or just taking a pause before another run to new multi-year highs.Let’s take a look at the drivers of the gold price to see if more gains could be on the way.Fears of warT...Read More
Gold is a classically defensive asset. Historically, whenever the markets have crashed, or there are rising uncertainties on a global scale, the value of gold increases by a significant margin against the decreasing value of everything else. In the fall of 2019, the trajectory of gold started going upwards. Just after the first week of 2020, the spot price of gold shot over the $1,550 mark.I am go...Read More
Stock image. Tradewind Markets, a financial technology company enabling physical assets to be settled and mobilized through digitization, has announced the first ever trade using Tradewind ORIGINS, its provenance management solution. This transaction between Agnico Eagle Mines andBank of Montreal (BMO), confirmed by the Royal Canadian Mint, marks the firsttime economic segregation - typically use...Read More
Saddle up, gold is bound to head north. Credit: Winston Shull | Flickr The interplay between market risk and economic growth is expected to drive gold demand in 2020, the World Gold Council (WGC) says in their latest market report. The major driving forces include financial uncertainty and lower interest rates, a weakening in global economic growth, and gold's price volatility.Last year, gold had...Read More
Agnico Eagle Mines and Yamana Gold acquired the Canadian Malartic Gold mine in 2014, as part of a $3.9 billion takeover of Osisko Mining Corp. (Image courtesy of Osisko Gold Royalties) Yamana Gold has released 2019 production results with 1.02 million of gold-equivalent oz. slightly exceeding the company's guidance for 1.01 gold-equivalent oz. Three underground mines in South America: Jacobina, E...Read More
Iron Creek Project - Image courtesy of First Cobalt First Cobalt has released an updated resource for its 7 sq. km Iron Creek project with 2.2 million tonnes at 0.32% cobalt-equivalent in the indicated category and 2.7 million tonnes at 0.28% cobalt-equivalent in the inferred category. Contained cobalt stands at 12.3 million lb. in the indicated and 12.7 million lb. in the inferred category.This...Read More
Andrew Forrest, one of Australia's richest men, last year came within a hair's breadth of forfeiting an iron ore tenement because of what initially seemed to be the late lodgement of a renewalRead More
Environmental, social and governance (ESG) is becoming more of a central issue for miners, as evidenced by BlackRock boss Larry Fink's annual letter to CEOs, released yesterday.Read More
Share this articleVANCOUBER, B.C. - Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley.The Vancouver-based company says it has agreed to pay about $2 million, matching the city's debt associated with the operation.The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck's Sullivan Mine, which w...Read More
Today is Wednesday, January 15, 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 $1,555.05. It's up 0.57% from yesterday and up...Read More
Today is Wednesday, January 15, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of MPLX LP (NYSE: MPLX), Occidental Petroleum Corporation (NYSE: OXY), and Cameco Corporation (NYSE: CCJ).MPLX LP (NYSE: MPLX)MPLX LP (NYSE: MPLX) is a $28.43 billion company today with a one-year return of -17.7%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-va...Read More
Imagine how angry you'd be if you lost out on $200 billion.I'm not saying you missed the lottery, mind you. Instead, you're holding the winning numbers in your hand, then in one quick motion rip the ticket it up and toss it in the trash.You'd be fuming from that kind of lunacy.Don't worry; you're not alone.Well, that's exactly what Iran did.Except, its geological lottery ticket just happens to be...Read More
First Cobalt (TSX: FCC; US-OTC: FTSSF) has released an updated resource for its 7-sq.-km Iron Creek project in Idaho, with 2.2 million tonnes at 0.32% cobalt-equivalent in the indicated category and 2.7 million tonnes at 0.28% cobalt-equivalent in the inferred category. Contained cobalt stands at 12.3 million lb. in the indicated and 12.7 million lb. in the inferred category.This represents a 10%...Read More
Wesdome Gold Mines (TSX: WDO) has issued production guidance of 90,000 oz. to 100,000 oz. gold for 2020. Last year's production of 91,688 oz. was in line with prior guidance of 88,000 oz. to 93,000 ounces.The bulk of the company's production is from its Eagle River underground mine near Wawa, Ontario. Output from this asset has been steadily increasing, with 88,617 oz. produced last year, compared...Read More
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third year in a row as Beijing's efforts to stimulate the economy pays off.The Chinese import price of 62% iron content ore was pegged at US$97.03 per dry metric tonne, according to Fastmarkets MB, a more than four-month high. Iron ore prices averaged...Read More
When they find out how to burn waterAnd the gasoline car is goneWhen an airplane flies without any fuelAnd the sunlight heats our homeBut one of these days when the air clears upAnd the sun comes shinin' throughWe'll all be drinkin' that free bubble-ubbAnd eatin' that rainbow stew- Merle Haggard, "Rainbow Stew"I can almost taste the rainbow stew.For the past few weeks, we've been telling you about...Read More
"$ACAD - ACADIA Pharmaceuticals Inc. (ACAD) CEO Presents at 38th Annual J.P. Morgan Healthcare Conference (Transcript). Get more info on Seeking Alpha: https://t.co/KcMD9J7UQs #markets #business #stocks"Read full newsRead More
"$WFC - Wells Fargo & Company (WFC) CEO Charlie Scharf on Q4 2019 Results - Earnings Call Transcript. Subscribe to Seeking Alpha for more: https://t.co/5XQ0xARv8b #investing #trading #business"Read full newsRead More
"$C - Citigroup Inc. (C) CEO Mike Corbat on Q4 2019 Results - Earnings Call Transcript. Read more: https://t.co/l1Px49LkK6 #investing #markets #business"Read full newsRead More