Glencore CEO Ivan Glasenberg said in 2018 that he expected to retire within three or four years. But during an investor day in London on Dec. 3, the South African billionaire said that day could come within the next 12 months."I have always said I don't want to be an old guy running this company," Glasenberg, who turns 63 on Jan. 7, told analysts and investors. "I hope we can get the new managemen...Read More
Rory JohnstonCommodity Economist, ScotiabankThis week's episode features the return of Scotiabank's Rory Johnston, who speaks with The Northern Miner's Trish Saywell about his outlook for 2020. Topics include commodity prices, the Canada-U.S. Dollar relationship, electric vehicles (EVs) and battery metals, and the Canadian economy. Johnston is a commodity economist covering energy and metal market...Read More
Northern Star Resources (ASX: NST) announced on Dec. 16 that it has agreed to buy Newmont Goldcorp's (TSX: NGT; NYSE: NEM) 50% stake in Western Australia's Kalgoorlie Super Pit mine and its associated assets for US$800 million ($1 billion). Once completed, the iconic mine would have full Australian ownership for the first time in its operating life.Earlier this year, Northern Star was the rumoured...Read More
Pueblo Viejo entered into a 10-year supply agreement with AES Andrés DR, SA, in May 2018, to provide natural gas and build a gas pipeline from the AES gas terminal to the Quisqueya I power plant for the mine. This was also expected to benefit the San Pedro region which had not previously had access to this cleaner fuel alternative, the company said.Barrick CEO Mark Bristow said it and 40% p...Read More
In 1909, Mark Twain said, "I came in with Halley's comet in 1835. It is coming again next year, and I expect to go out with it. It will be the greatest disappointment of my life if I don't. The Almighty said, no doubt: 'Now here are these two unaccountable freaks; they came in together, they must go out together.'" Twain died on April 21, 1910, the day after the comet returned.Of course, Twain los...Read More
The year is wrapping up and the markets are about to get really boring in the next couple weeks.But as sleepy as the markets are now, they are going to be firing up at full speed as soon as they open on January 2, 2020. 2019 performance for traders is over. Everyone is starting at 0% yet again. I know, no one is trying to add work and stress this time of year. I'm frazzled and trying to limp over...Read More
Christmas came early for TSX investors this year, with the “phase one” trade deal between the U.S. and China corresponding with a big win for Boris Johnson’s Conservative Party. At the same time, the USMCA agreement added some festive cheer, and plans for a rejigged retail environment buoyed cannabis stocks. Crude was up, and the TSX ended the week higher.A big win for Brexit cou...Read More
"Chris Blumas of GlobeInvest Capital gives his outlook for shares of Peyto Exploration. - My take Chris will eat his words on this onehttps://t.co/07vG0ixUmf"Read full newsRead More
"Chris Blumas of GlobeInvest Capital gives his outlook for shares of Peyto Exploration. - My take Chris will eat his words on this onehttps://t.co/07vG0ixUmf"Read full newsRead More
"$AVXL - Anavex Life Sciences Corp.'s (AVXL) CEO Christopher Missling on Q4 2019 Results - Earnings Call Transcript. Continue reading: https://t.co/vfMPfCe9vW #trading #finance #stockmarket"Read full newsRead More
"$SP500 - Contrary To Popular Belief: Dispelling Popular Heisenberg Misconceptions. Read more: https://t.co/IXnwvPH4M4 #stocks #economy #markets"Read full newsRead More
"Deal mania continues: Newmont Agrees to Sell Its Interests in KCGM to Northern Star for $800 million #gold #mining $NEMhttps://t.co/5lcxA6pxHz"Read full newsRead More
"$SNMSF - Spin Master Continues Acquisitions With Orbeez Deal. Subscribe to Seeking Alpha for more: https://t.co/CHBpcsBp2s #business #trading #stockmarket"Read full newsRead More
"$WPM - Wheaton Precious Metals - Not Much Upside Discovered After Digging. Subscribe to Seeking Alpha for more: https://t.co/viDR99nbBz #finance #stockmarket #business"Read full newsRead More
"$LULU - Lululemon Beats On Earnings, But It Wasn't Enough. Read more and sign up for updates: https://t.co/ThxdBh4YQh #trading #economy #finance"Read full newsRead More
"$BB - BlackBerry: Better-Than-Expected Earnings May Lead To A Turnaround Story. Subscribe to Seeking Alpha for more: https://t.co/w8lt4j20cg #investing #stocks #business"Read full newsRead More
"$LOW - Bearish Divergences Increases Investor Risk For Lowe's Companies. Sign up for updates on Seeking Alpha! https://t.co/VA41F694BV #finance #markets #stockmarket"Read full newsRead More
"$AMAT - Applied Materials: Headwinds For 2020 From Minimal Capex Spends. Follow this and any other stock on Seeking Alpha! https://t.co/KaGzvDQbO2 #trading #finance #economy"Read full newsRead More
By: Gary SavageMost people (investors) are driven by emotions. Retail investors becoming more bullish as the SPX diverges further from the 200 day moving average.Gold's potential is mind-boggling right now, I'll explain..http://blog.smartmoneytrackerpremium.com/Read More
StrengthsThe best performing metal this week was platinum, up 3.57 percent as money managers increased their bullish outlook and took their net long position to a 22-month high. Gold traders remained bullish on the price outlook for bullion even amid trade optimism early in the week, according to the weekly Bloomberg survey. Turkey's gold reserves rose $348 million from the previous week and a...Read More