Canada's largest diversified miner Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) continues to perform strongly; its stock surged by 10% over the last year. That can be attributed to commodities, notably steel-making coal, copper, and zinc, breaking out of their prolonged slump at the end of 2016 and rallying strongly because of greater demand sparked by an upswing in the globally economy. Much of t...Read More
Every evening, I walk through a steep, narrow road from McLeod Ganj, where Mr. Dalai Lama lives, to my home down the hill.A large dog runs madly around his house like a wild animal, trying to jump over the fence whenever he sees me. I find this strange because I am no threat to him. If he wants to socialize with me, he could have politely negotiated with his Buddhist human. I think he is being v...Read More
Meandering PricesPrices rise and prices fall. So, too, they fall and rise. This is how the supply and demand sweet spot is continually discovered - and rediscovered. When supply exceeds demand for a good or service, prices fall. Conversely, when demand exceeds supply, prices rise. Supply and demand (the curves usually shown in such charts are unrealistic, as bids and offers in the market are...Read More
Following Tuesday's strong sell-off, traders showed nervousness as index prices chopped back and forth.Then, the entire stock market benefitted from some big blowout earnings reports on Thursday. Amazon, Facebook, Advanced Micro Devices, and Visa were among the big winners.But it was Amazon that really took the market along for a bullish rebound as it reported $3.27 earnings per share compared to...Read More
Every evening, I walk through a steep, narrow road from McLeod Ganj, where Mr. Dalai Lama lives, to my home down the hill.A large dog runs madly around his house like a wild animal, trying to jump over the fence whenever he sees me. I find this strange because I am no threat to him. If he wants to socialize with me, he could have politely negotiated with his Buddhist human. I think he is being v...Read More
Every evening, I walk through a steep, narrow road from McLeod Ganj, where Mr. Dalai Lama lives, to my home down the hill.A large dog runs madly around his house like a wild animal, trying to jump over the fence whenever he sees me. I find this strange because I am no threat to him. If he wants to socialize with me, he could have politely negotiated with his Buddhist human. I think he is being v...Read More
Nexus Gold Corp. ('Nexus' or the 'Company') (TSXV:NXS, OTC:NXXGF, FSE:N6E) is pleased to announce that it intends to conduct a non-brokered private placement of up to 20,000,000 units (each, a 'Unit'), at a price of $0.15 per Unit, for gross proceeds of up to $3,000,000.Read full newsRead More
Stakeholder Gold Corp. (TSXV:SRC) ('Stakeholder Gold' or the 'Company') would like to announce terms for a non-brokered financing of up to 4 million units ('Units').Read full newsRead More
CloseGain/LossOn WeekGold $1323.60+$6.10-0.90%Silver$16.52UNCH-3.56%XAU82.93+0.49%-2.57%HUI182.04+0.84%-1.16%GDM634.13+0.61%-0.40%JSE Gold1095.67+0.56-0.70%USD91.51-0.08+1.31%Euro121.28+0.22-1.31%Yen91.75+0.15-1.38%Oil$68.10-$0.03-0.41%10-Year2.959%-0.023UNCHBond143.1875+0.8125+0.13%Dow24311.19-0.05%-0.62%Nasdaq7119.80+0.02%-0.37%S&P2669.91+0.11%-0.01% The Metals: Gold fell $1.90 to $1315....Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort225,80489,15854,354175,715337,515455,873481,027Change from Prior Reporting Period -11,48414,9391,8542,180-21,282-7,450-4,489Traders18785804455270185 Small Speculators LongShortOpen Interest 50,53725,383506,410 3,631670-3,819 non reportable positionsChange from the previous report...Read More
- Gold mining shares require timing and are speculative- Gold mining: "maximising risk, while minimising reward"- Gold mining is increasingly complicated, difficult & much riskier- Easier, more cost efficient and safer to buy physical gold than mining stocks- "If your strategy is buy and hold, or buy and forget, go for the metal, not the miners"- Owning allocated and segregated gold is a hedge...Read More
A gold coin that was thought to be fake has been authenticated by Numismatic Guaranty Corporation and now has a price tag in the millions.Read full newsRead More
All trading has stopped for the rest of Friday at the Toronto Stock Exchange and the Montreal Exchange due to an unexplained technical problem, the company that operates them said.Read full newsRead More
How do you audit the new technology and provide confidence to your legal, compliance, and risk teams?Read full newsRead More
Pan American Silver (TSX: PAA; NASDAQ: PAAS) acknowledged today that it had to suspend operations at its Huar??n mine, located in the Peruvian central region of Pasco.In a press release, Pan American said that activities at the site were halted on April 24, 2018, as a result of road blockades carried out by members of the nearby Huayllay community."The community members have demanded compensation...Read More
Canada's Lucara Diamond (TSX:LUC) announced today the recovery of another big diamond from its 100% owned Karowe Mine located in Botswana.The rock weighed 327 carats and it is a top white gem diamond. According to the miner, eight diamonds greater than 100 carats have now been recovered at Karowe since the beginning of the year. This includes the 472-carat diamond found earlier this month, which w...Read More
FTSE 100 up 81 points at 7,502RBS the day's worst performing blue-chip despite better-than-expected resultsInterserve completes ?200mln refinancing dealIn a return to the "bad news is good news" paradigm, London's leading shares were mostly firmer after a dismal gross domestic product reading.The FTSE 100 closed at 7,502, up 81 points, with the many big dollar earners among the constituents enjoy...Read More
Following a conciliation process between Andes Iron and Chile's Ministry of Environment, Antofagasta's First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward.The new development means that the Environmental Assessment Commision of the central Coquimbo region now has to reassess the $2.5-billion initiative.In a press releas...Read More
A major shift of regulation in the United States is gathering momentum and removing barriers for the legalization of medicinal and recreational marijuana. Public support for marijuana legalization in the US is more popular than ever. A recent Gallup poll indicates that 64% of US voters, and 72%...Read full newsRead More
Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for April 2018 payable on May 23, 2018 to shareholders of record as of May 11, 2018.Read full newsRead More