That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record high, or just a case of futures speculators once again panic-buying themselves into an untenable long p...Read More
We already reported on Osisko Metals' (OM.V) proposed acquisition of Pine Point Mining (ZINC.V) in an attempt to boost its zinc portfolio with more advanced stage zinc assets in Canada. Just shortly after announcing the acquisition, Osisko Metals wrote another cheque to purchase the Kay Anacon claims, a 981 hectare land package in the Bathurst Mining camp.The Key Anacon claims contain two VMS depo...Read More
Oh no! Another looming “government shutdown,” what are we going to do?!We should be so lucky.People talk about bipartisanship like it’s a good thing. But the point of Congress was never to get stuff done. The point was the make sure that only important stuff got done.President Calvin Coolidge said, “It is much more important to kill bad bills than to pass good ones.”B...Read More
As 2018 gets under way, I will admit to everyone that my focus has shifted slightly away from investing full-time, all the time 24/7. The truth of the matter is — There’s a lot more to life than just making $$$.Granted, everyone knows the importance of striving for early FI, because in many regards, achieving such a tremendous dream/goal is indeed the path to unlocking “the bette...Read More
Oh no! Another looming “government shutdown,” what are we going to do?!We should be so lucky.People talk about bipartisanship like it’s a good thing. But the point of Congress was never to get stuff done. The point was the make sure that only important stuff got done.President Calvin Coolidge said, “It is much more important to kill bad bills than to pass good ones.”B...Read More
Oh no! Another looming “government shutdown,” what are we going to do?!We should be so lucky.People talk about bipartisanship like it’s a good thing. But the point of Congress was never to get stuff done. The point was the make sure that only important stuff got done.President Calvin Coolidge said, “It is much more important to kill bad bills than to pass good ones.”B...Read More
Filo Mining Corp. ('Filo Mining or the 'Company') (TSXV:FIL)(OMX:FIL) ('Filo Mining', 'Filo', or the 'Company'), reports that the Company has secured a US$2,000,000 credit facility (the 'Facility') to be evidenced by a debenture (the 'Debenture') to provide additional financial flexibility to fund general corporate purposes. The Debe...Read More
"From the macro point of view, this is not an environment where you'd want to be shorting metals."Read full newsRead More
Police launch investigation into attack for which no group has yet claimed responsibility - Anadolu AgencyRead full newsRead More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
FTSE 100 up 16 points at 7,779New closing high for Footsie.up 55 points on the weekGKN and Smiths Group shares jumpUS retail sales miss forecastsThe FTSE 100 hit another high, with a bit of a leg-up from US stocks.The FTSE 100 closed at 7,779, up 16 points, with engineering group GKN PLC (LON:GKN) leading the way.GKN saw its market capitalisation rise by a tad over a quarter as it fended off a bid...Read More
The family that pioneered the oil industry in America wants to expose what Exxon hid from the public about climate change.Read full newsRead More
The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.Read full newsRead More
Investors are betting there's more to come from commodities after a surge in industrial metals and oil prices.Read full newsRead More
AIM Journal writer Andrew Hore tells Proactive that since the journal's inception in 2009, many companies featured on AIM have positively grown. Andrew discusses trading statements on US based construction company Somero and computer games co-developer Sumo, giving Proactive insights into the pertinent facts and figures. Meet Netscientific PLC, discoverIE Group plc, Itaconix Plc and Realm Th...Read More
Somero Enterprise Inc (LON:SOM) expects 2017 earnings and revenue will be ahead of market forecasts following a strong second half performance.Shares in the maker of laser-guided machinery used in horizontal concrete placement rose 8.4% to 372.5p."The board is pleased to report that the company delivered strong, profitable growth and healthy cash generation in the six months since 30 June 2017 exi...Read More
Demand for energy has got commodities off to a bullish start in the first full trading week of 2018. A weaker dollar and increased focus on inflation together with geopolitical risks were some of the main drivers of a strong beginning to the year for crude oil and gold. Correction risks lurk, however, with oil potentially at riskRead full newsRead More