Gold has taken a hammering in recent says to see it tumble below the psychologically important US$1,200-per-ounce barrier and be trading at US$1,187 an ounce. This sees the yellow metal down by roughly 7% over the last year, and there are signs that it may weaken further in coming months.This isn't good news for gold miners, causing the VanEck Vectors Gold Miners ETF to plummet by 22% over that pe...Read More
The IDM Mining Red Mountain Project exploration camp in the southern Golden Triangle region near Stewart, British Columbia. Photo by Ellsworth Dickson.IDM Mining Ltd. [IDM-TSXV; IDMMF-OTCQB] said Tuesday October 9 that it has secured a provincial Environmental Assessment Certificate for its development stage Red Mountain gold project in northern British Columbia.IDM Mining shares advanced on the n...Read More
Setting up the diamond drill on the Midas prospect in northern British Columbia. Source: Juggernaut Exploration Ltd.Juggernaut Exploration Ltd. [JUGR-TSXV] was active Tuesday October 9 after the company said exploratory drilling on its 100%-controlled Midas property in British Columbia has confirmed widespread near-surface polymetallic and gold mineralization in multiple drill holes targeting newl...Read More
Carnotite Mineralization found at ANIT. Source: Blue Sky Uranium Corp.Blue Sky Uranium Corp. [TSX-V: BSK, FSE: MAL2; OTC: BKUCF] is pleased to announce that results from the recently completed reverse circulation (RC) drilling program have confirmed the southern expansion of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande Uranium-Vanadium project in Rio Negro, Argentina.Anal...Read More
TORONTO - The energy, industrials and materials sectors on the Toronto Stock Exchange moved lower and weighed on Canada's main stock index in late-morning trading.The S&P/TSX composite index was down 73.73 points at 15,872.44.In New York, the Dow Jones industrial average was down 16.06 points at 26,470.72. The S&P 500 index was up 4.88 points at 2,889.31, while the Nasdaq composite was up 41.96 po...Read More
The market has become complacent. It only goes up year after year. The absolute devastation of the Great Recession is forgotten, as FANG stocks and a housing boom push portfolios higher. Speculation is rampant, with know-it-all 20-somethings chasing pot stocks and cryptocurrencies.But pride comes before the fall, and the fall is just around the corner...First of all, we are spending half a trillio...Read More
The pecking order within the global gold mining industry is never more on display each year than at the Denver Gold Forum in September, with miners and developers of all sizes converging to capture the attention of big investors.After a tough several years that saw the near wholesale changeover amongst execs of the top gold miners, the presidents and CEOs that presented were a familiar bunch.In it...Read More
The Northern Miner is set to unveil its first business intelligence tool. TNM Intel has been designed for mining industry decision makers who need global information in an easily accessible format and will comprise continuously updated data on Reserves & Resources, Commodity Prices, Capital Raises, Corporate Financial Performance and Drill Results.This powerful data is coming from our sister co...Read More
Canada's benchmark index fell 0.9% to 15,946.17 and the S&P/TSX Global Mining Index fell 0.39% to 65.54. Gold performed better, however, as the S&P/TSX Global Gold Index rose 2% to 157.14, and the gold price rose 0.9% to US$1,202.70.Shares of Prophecy Development rose 138% to 29 ?, after the company reached an agreement with the U.S. Bureau of Land Management (BLM) to expedite permitting efforts a...Read More
The Dow Jones Industrial Average slipped 0.4% to 26,447.05 and the S&P 500 Index fell 0.98% to 2,885.57. Spot gold closed US$10.50 per oz. higher at US$1,202.70 per oz. gold.Pretium Resources rose 7.1% to US$8.15 per share on news of a financing agreement. The company signed a commitment letter on Oct. 4 for a fully underwritten, US$480-million debt facility with the Bank of Nova Scotia, Soci?(C)t...Read More
Shares of Aurania Resources rose 53 ? to $2.76. The company recently found the first significant instances of copper mineralization at its Lost Cities-Cutucu project in Ecuador. Two regional exploration teams marked the targets 20 km from one another while exploring magnetic occurrences from a geophysical survey. It named them Jempe and Kirus. Jempe features outcropping copper mineralization in vo...Read More
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon.The company fanned out across both its Keno silver district and McKay silver-lead-zinc district in the territory. It found several mineralized vein structures and is refining next year's drill targets.Last year the Metallic team got on the ground at McKay and realized the property housed m...Read More
Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the effect on the broader economy is minimal, so consumers, companies and governments don't let a slight uptick in financing costs interfere with their borrowing and spending. But eventually rising rates begin to bite and borrowers get skittish, thro...Read More
CloseGain/LossGold $1188.90-$14.20Silver$14.39-$0.24XAU65.93+0.67%HUI143.84+0.28%GDM520.67+0.32%JSE Gold1032.62-11.18USD95.72+0.10Euro114.94-0.31Yen88.50+0.58Oil$74.29-$0.0510-Year3.230%-0.009T-Bond136.9375-0.34375Dow26486.78+0.15%Nasdaq7735.95-0.67%S&P2884.43-0.04% The Metals: Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in afternoon trade, but it...Read More
- A compendium of some of the most compelling charts and important conclusions of In Gold We Trust 2018- Recession risk, de-dollarization, general macro-topics and of course gold- Risk/reward-profile for gold is very good after capitulation selling & CoT report show the best setup in 17 years- The current technical setup for the gold price is positive "In Gold we Trust" Report 2018 - Access C...Read More
COMEX FUTURES REPORTA slowdown in china can result in losses for industrial metals and gains for gold. Gold will be the safe haven in China. The Chinese cutting the reserve ratio of banks is an indication that a slowdown is in the offing. Industrial metals are bullish in the long term on supply issues. Indian gold prices are at a record high. Indian gold demand from tomorrow will be way below ex...Read More
Things are starting to escalate and spread...Read full newsRead More
Fitch Solutions Macro Research has just published its outlook for global zinc production. Globally, mined zinc production continues to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and key new mines come online, according to the report. Fitch forecasts global mined zinc production to increase by 3.5% in 2018, to 13.7mnt, and rise to 16.8mnt by 2027...Read More
Fitch Solutions Macro Research has just published its outlook for global zinc production. Globally, mined zinc production continues to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and key new mines come online, according to the report. Fitch forecasts global mined zinc production to increase by 3.5% in 2018, to 13.7mnt, and rise to 16.8mnt by 2027...Read More
"5 Top Weekly TSX Stocks. Last week's top TSX stocks include MEG Energy that was up on a takeover offer, three precious metals miners and another energy producer. See the overview at https://t.co/aR1HrXCR3F #TSX #energy #mining #investing"Read full newsRead More