YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer08 February 2020 -- Saturday The gold price wandered around a few dollars either side of unchanged on Friday -- and that lasted until the job numbers hit the tape at 8:30 a.m. in New York. It rallied a bit from there, but obviously ran into 'something' a few minute after the 9:30 open of the equity markets. Once the 10 a.m. EST a...Read More
What underlies the tremendous runup in the price of Palladium and now the giant spike in Tesla stock? They are connected. Tesla stock has spiked despite its self-driving cars doing strange things like running people over and spontaneously combusting. The reason for this is the relentless drive towards electric cars which will result in a massive increase in demand for palladium and electric car...Read More
By: Ira EpsteinCoronavirus impact on supply chains coming? Bigger picture on the gold market: monthly uptrend is bullish, bias is up, momentum is still up. 18 month moving averages is still over the 100 month, another bullish sign.Read More
StrengthsThe best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday's gain, gold saw a third straight day of positive momentum as concerns of economic fallout surrounding coronavirus outweighed stronger-than-expected U.S. job gains. Holdings i...Read More
Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More
Vanstar Mining Resources has appointed Freeform Communications Inc. as Investor Relations in Western Canada as well as their Online Marketing services. Freeform Communications Inc. is a Vancouver based Investor Relations and Online Marketing Firm. With over ninety years of combined experience, specializing in a full range of investor relations and capital market services, Freeform hasRead full new...Read More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
Zinc prices lurched on Monday to their lowest since July 2016 after a surge in i...Read full newsRead More
Bullion has many advantages for long-term investors, experts say. But for those who want to bet on the current rally, gold-mining stocks may be preferable.Read full newsRead More
Feb 07, 2020 (HTF Market Intelligence via COMTEX) -- Advance Market Analytics released a new market study on Global Gold Mining Market with 100+ market data...Read full newsRead More
Maxtech Ventures Inc. (CSE:MVT, OTC:MTEHF, Frankfurt:M1N) reports continued drill program preparations on its Panama Lake Gold Project.Read full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report two new intersections of strong radioactivity in initial drill holes of the winter drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN enjoyed a strong bounce from its lower Bollinger band at 1175 as it sailed 17.33 points or 1.4% higher to close at 1192.61.MACD rose 3.38 points to -0.79. RSI jumped 14.79 points or 39% to 52.81. We note that RSI did not go sub-30 as it has on past major bottoms. Wi...Read More
Credit: BeMetals Since B2Gold launched BeMetals two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho, called South Mountain.Originally floated in early 2018 on the early-stage Pangeni copper project in Zambia, BeMetals wanted to add more advanced-stage base metal projects to its portfolio, and in early 2019 acqui...Read More
Ganfeng Lithium now has a 51% stake in the Cauchari-Olaroz project in Argentina. Image courtesy of Lithium Americas Corp Vancouver-based Lithium Americas has entered into definitive agreements with China's Ganfeng Lithium to alter the ownership structure of their joint venture (JV) company Minera Exar, the holding company for the Cauchar?--Olaroz lithium brine project in Jujuy, Argentina.Pursuant...Read More
Credit: Outotec Outotec has added two new flotation solutions to its product line, the TankCell s-Series flotation units and the CellStation, an intelligent solution for controlling the air feed and pulp level in flotation cells.Outotec TankCell s-Series flotation units are standardized units based on Outotec's proven TankCell e-Series solution. The company says the units provide superior metallu...Read More
Metso, which has concluded its acquisition of Canadian mobile aggregates equipment supplier McCloskey and will wrap up its mining merger with Outotec in a few months, reported 15% higher sales, year-on-year, of EUR3.63 billion and a 5% bump in orders to EUR3.69 billion for 2019, with operating profit also up 11.6% at EUR474 million.The December quarter was solid with sales 7% higher yoy at EUR914...Read More
Today is Monday, February 10, 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 $1,576.90. It's up 0.13% from yesterday and up 19...Read More
Today is Monday, February 10, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Enterprise Products Partners LP (NYSE: EPD), Callon Petroleum Company (NYSE: CPE), and Diamondback Energy (NASDAQ: FANG).Enterprise Products Partners LP (NYSE: EPD)Enterprise Products Partners LP (NYSE: EPD) is a $55.67 billion company today with a one-year return of -7.89%. L...Read More
I visited my parents over the weekend and got talking to my father about personal finance, the low savings rate in America, and the broad economic implications thereof.The average savings rate in America right now is just over 8%, meaning for every $1000 earned the average American only saves about $80. Compare that to China, where the average savings rate is about 25%.Dad asked me, "Do you rememb...Read More