The first half of the year was very exciting for oil investors. But what can we expect for the rest of 2018?There was a lot of hope surrounding commodities going into the year. But prices largely fell short of expectations during 1H 2018. That was despite increasing U.S. inflation, rising global debt levels, and growing geopolitical tensions.Crude oil, however, was an exception. Of the 14 commodit...Read More
Pretium Resources' (TSX: PVG) flagship asset, the Brucejack gold mine in northwestern British Columbia, reached steady-state production on schedule in the second quarter of 2018, one year after the mine's first gold pour.In the first half of 2018, Brucejack produced 187,000 gold oz. at all-in sustaining costs of US$783 per oz., well in line with the company's guidance. Head grade averaged 11.9%, w...Read More
With increased production from its flagship El Castillo complex in Mexico, junior gold miner Argonaut Gold (TSX: AR; US-OTC: ARNGF) posted stronger profits and revenue in the second quarter.For the three months ended June 30, Argonaut had adjusted net income of US$7 million on revenue of US$50.2 million, as compared to income of US$4.1 million on revenue of US$42.5 million in the year-ago period.B...Read More
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018's second quarter compared to the same quarter in 2017, largely due to complications at its San Francisco and Florida Canyon gold mines.Alio metal revenues fell to $26.2 million compared to $27.1 million in the same quarter of the previous year. Meanwhile, production costs rose to $20.7 million compare...Read More
Google "labor shortage" or “wage hikes” and the result is a picture of an overheating economy. Some examples from August 10:911 Emergency: Call Centers Can't Find WorkersWhy Disneyland's $15-an-hour labor deal is a win for workers everywhereColorado small businesses seek help with labor shortageWashington growers struggle with labor shortageNow hiring: teenagers (and anyone else willin...Read More
No need to mince words anymore. If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold.Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday (the most recent data available) they appeared to capitulate, adding a massive number of short positions whi...Read More
Iran is getting desperate.Hundreds of protesters have taken to the streets amid a record-setting heatwave that's seen temperatures soar as high as 127 degrees.Imagine being so angry you'd go outside in those temperatures, much less set something on fire.But that's exactly what's happening as a growing sense of despair and outrage overwhelms the country.In addition to the heat, Iran has suffered po...Read More
Tyler is Manager of Innovation Strategy and Partnerships at Barrick.Read More
Despite construction delays at the Lindero gold project, the company has announced that commercial production is still scheduled to start in Q3 of next year.Read full newsRead More
CloseGain/LossGold $1212.00-$1.50Silver$15.44+$0.02XAU74.46+0.09%HUI159.92-0.36%GDM577.95+0.04%JSE Gold1054.15-3.56USD95.60+0.50Euro115.30-0.85Yen90.28+0.22Oil$66.81-$0.1310-Year2.926%-0.037T-Bond143.4375+0.8125Dow25509.23-0.29%Nasdaq7891.78+0.04%S&P2853.58-0.14% The Metals: Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New...Read More
By Joe Ciolli - BusinessInsider.comCredit: ReutersLeuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble.This development could have large implications for stock investors of all types, particularly value traders who make their living by finding discounts in the market.With the stock market within shouting...Read More
Gold and silver will break free from the recent consolidation phase and form a new range soon. There will be buyers on dips as long as gold trades over the $1196-$1204 zone and silver trades over the $1490-$1510 zone. I am bearish on crude oil on fundamentals. All the trade war related negative news will result in businesses curtailing their expansion plans; there will be less jobs created world...Read More
"Do you consider bullion in times of market uncertainty? Andy Schectman of @MilesFranklinCo explains why you should: https://t.co/UvOygzEDZ7 #investing #Sprott2018"Read full newsRead More
We are sure it's just a coincidence, but - amid all the trade tensions between US and China - Shanghai customs authorities have suddenly blocked the importations of all US-manufactured Mercedes Benz SUVs.Read full newsRead More
"Future of Mining Americas looks forward to working with @HaywardBaker. Find out more about their #geotechnical construction solutions and join them in Denver from Oct 29-30 #FutureofMining #FOMAmericas https://t.co/r1DCCCbAOa"Read full newsRead More
In a move two months in the works, Sandfire Resources has signed an agreement to buy out Talisman Mining's stake in the Springfield joint venture in Western Australia.Read full newsRead More
"Abattis Bioceuticals Corp. (@Abattis) (CSE: $ATT // OTC: $ATTBF) Market Commentary: Into The Depths Of The #Cannabis Industry[https://t.co/XtrBLQSzW7]#POTstocks #investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #breakingnews"Read full newsRead More
Centerra Gold has flagged a possible reduction in throughput at its Western Canadian mine due to water shortages across the province.Read full newsRead More
"The Next-Generation #Cobalt Company: Canada Cobalt Works (@canadacobalt) (TSX: $CCW // OTCQB: $TAKRF) [https://t.co/RFLcPVozbo]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #cleanenergy"Read full newsRead More
"Cruz Cobalt (@CruzCobalt) (TSXV: $CUZ // OTC Pink: $BKTPF) Work Programs Now Underway in Ontario #Cobalt Camp[https://t.co/Rn8SPGyIxj ...]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #cleanenergy"Read full newsRead More