The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances supporting furt...Read More
Tensions in the Persian Gulf, where Iran seized a British tanker last week, had helped push the gold price to a six-year high above US$1,450 an ounce on the spot market last week and have lifted crude oil prices.However the gold price has eased today following indications of a smaller US rate cut being likely.Silver, which broke back above the $16/oz mark last week, has continued to strengthen to...Read More
Petra CEO Richard Duffy said at today's trading update the company's short-term focus was on "driving efficiencies across the business through Project 2022" to improve its cost base and enhance cash flow generation to "significantly reduce our net debt".The Project 2022 goals were based on "flat nominal pricing over the three years".Petra finished the year to June 30 with net debt of US$560....Read More
Your phone sucks.It's not your fault.They all suck.It doesn't matter if you have the latest iPhone, Samsung Galaxy, or Google Pixel... the smartphones we use today are garbage compared to those we'll be using in just a few years.Just think: 15 years ago, you were using a Blackberry or something like this:Garbage.The next generation of mobile technology, known as 5G, is dawning. And - believe the h...Read More
Last year, 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. Furthermore, the gold repatriations by many European countries of the last few years are another sign that we are reaching the end of a calm monetary period that has lasted over 40 years. It could bring about the largest monetary changes since...Read More
Recent developments in AI and automated machinery have been changing the face of mining. Rio Tinto, one of the world's largest mining companies, has unveiled their plans for a $2.2B intelligent mine made up of driverless trains, trucks, and robotics. This automation, coupled with other AI technology allows for:The ability for mines to operate without breaks or delays.Earlier prediction of failures...Read More
Greater Sudbury, Ontario, is quickly becoming recognized as the epicentre for mining technology globally and Sudbury-based Hard-Line has been a proud member of the community for the past 23 years.Since 1996, Hard-Line has been enabling tele-remote operation of heavy equipment in the mining industry, proving consistently that while clearly enhancing safety by keeping operators out of harm's way, im...Read More
All eyes are on the Fed next week as it is widely expected that it will cut rates for the first time in 10 years.The only question is whether the Fed cuts by 25 or 50 basis points.In the end, it doesn't matter. The Fed is now the world's central bank as central banks from South Korea, Indonesia, and New Zealand have already begun to reduce rates in a futile effort to stimulate growth.Expect moneta...Read More
"Precious Metals Weekly Round-Up: Gold dips from 6 year peak and last week's other top stories in the precious metals market. https://t.co/a0zlkjokI9 #preciousmetals #investing #stocks"Read full newsRead More
- RambusA big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without these little rest stops along the way the impulse move would burn itself out. One should welcome and anticipate these small co...Read More
By: Ira EpsteinGold bias is up, weekly still up $14 on the week, not bad. $1,387.50 swing line:Read More
Dear Friend of GATA and Gold:At least the Financial Times now has come clean about its hostility to gold -- as well as to free markets and elementary journalism.This weekend GATA's friend Chris Kniel of Orinda, California, sent to the newspaper's chief economic columnist, Martin Wolf, the excellent summary of gold and silver market manipulation just written by Bullion Star gold researcher Ronan...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 Canadian Insider Index remained in its tight sideways multi-week consolidation, adding 3.11 points to close at 1122.78. MACD ticked down 0.1 points to -0.4. RSI added 1.73 points to 57.71.Support is now at 1108.96 (200-day moving average) and 1107.80 (50-day moving ave...Read More
"This gold-related ETF is crushing the stock market's gains in 2019 - and analysts say the metal has room to run https://t.co/og7K4Jxxq2"Read full newsRead More
The price jump has seen dozens of miners and juniors post 52-week highs on the TSX and TSXV Canadian stockmarkets (see list below), while gold financings have also taken off and taken advantage of theRead More
Previously head of strategy, government and communications for Europe, Asia and Africa at ASX-listed Orica, the world's biggest manufacturer and supplier of mine explosives, Manook has more than 25 years' experience managing corporate affairs, investor relations and business strategy in the oil and gas, mining and infrastructure industries."While Michelle is new to the coal industry, she has exten...Read More
"The first demand is always outrageous, but I don't think anyone expects to conclude at that level," a representative of one mining company, who requested anonymity, told Mining Journal.Read More
"VIDEO - Our editorial director shares content highlights from the week of July 15 to 19, 2019. If you missed a story this week, now's the time to catch up and get informed. To watch the update click https://t.co/W4lzXDzRja #resource #cannabis #lifescience #tech"Read full newsRead More
Opportunity for new discoveries lies beneath the surface in Western Australia's Pilbara gold region, the nation's top mining jurisdiction.Read full newsRead More
A prefeasibility study estimates that 580,490 ounces of gold will be mined at the asset in its initial six years of life.Read full newsRead More