Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Premier Gold Mines (TSX:PG) stock appreciated as much as almost 18% on Friday, and by the end of the trading day, it appreciated more than 10%.As a small-cap gold-focused company with a market cap of about $315 million, Premier Gold Mines stock is more sensitive to news about its exploration. Last Thursday, the company gave an update on the progress of two new mine development projects at the Sout...Read More
Well, well, well...Some of these early multibillion-dollar pot stock companies are turning out not to have the goods they say they do.Who could've possibly seen this coming? On the very day cannabis went legal in Canada - October 17 - I wrote to you saying:What's emerged is a small group of lead dogs in the space. You know the names: Canopy (NYSE: CGC), Aurora (NYSE: ACB), Aphria (NYSE: APHA), an...Read More
TORONTO - PwC Canada has taken its annual look at market capitalization for 100 junior miners and found a 6% increase to $12.9 billion for the 12-month period ending June 30, 2018, compared to a year earlier. Looking at 987 companies in the broader mining sector, PwC saw their collective value increase by 5% to $21.1 billion this year.The gains made by the mining sector are the strongest since 201...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
AVZ Minerals' Manono became the world's largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.At the end of November, AVZ published the results of a drilling campaign that further increased Manono's size - by more than half to just over 400 million tonnes grading 1.66% Li2O for 6.6m tonnes of lith...Read More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose slightly after recovering from a 500-point drop on Monday following last week's 4.5% tumble. Apple Inc. (AAPL) rose in spite of a court in China granting an injunction that would limit the sale of iPhones into the world's biggest smartphone market.Gilead Sciences Inc. (GILD) named industry vete...Read More
The U.K. pound plunged past an 20-month low Monday after Prime Minister Theresa May moved to delay a key parliamentary vote on her Brexit deal that looked certain to be rejected by lawmakers, throwing both her government and the broader plans to leave the European Union in chaos. The Prime Minister said she would delay the vote, which was slated to begin late Tuesday, as she seeks to find suppor...Read More
Everyone has different reasons for investing or speculating in the resource sector. I believe, for the majority of the participants, it's the allure of 10 baggers that attract them to the juniors.While the appeal to windfall profits is attractive to almost anyone, I believe it's exactly this mindset that keeps many investors from actually realizing the gains they are given in the market.Too many t...Read More
Base metal prices started the trading week on the back foot on the London Metal Exchange, with all bar nickel falling from Friday's closing prices on Monday December 10.The three-month lead price was the biggest loser, dropping 2.2% to close $1,950.50 per tonne. Three-month aluminium also took a hit - it closed 0.9% lower at $1,955 per tonne.Far from rallying after a thawing in US-China trade rela...Read More
Aurubis Executive Board chairman J? 1/4 rgen Schachler will leave the company on June 30 next year, the company said in a release today.The company has begun looking for a successor but has yet to find one.Aurubis is Europe's largest copper smelting company, producing over 1.1 million tonnes per year of refined copper at...Read More
McClellan Financial Publications, IncPosted Dec 10, 2018December 06, 2018Housing sector stocks have been among the worst performers in 2018, and analysts are pointing to lots of different reasons including the newly imposed U.S. tariffs on Canadian softwood lumber.But an easier explanation arises when we look at interest rates.Mortgage rates are not yet empirically “high”.I bought my f...Read More
Comex copper prices softened on Monday morning in the United States amid weak Chinese data and continued equity market weakness.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 2.25 cents to $2.7370 per lb."We expect copper prices to strengthen in the coming days," Fastmarkets analyst Boris Mikanikrezai said. "Although there is plenty of uncert...Read More
The Chinese ferro-silicon market climbed further on renewed demand in the week ended Friday December 7, while European prices have been hemmed in while suppliers and consumers negotiate long-term delivery settlements. China market gets boost from demand Tight supply underpins market strength European prices stabilize losses US ferro-silicon prices flat amid inactivityThe recent increase in domesti...Read More
* Zinc stocks in LME approved warehouses halved since August * U.S-China trade truce threatened by Huawei CFO arrest (Updates with closing prices)By Pratima DesaiLONDON, Dec 10 (Reuters) - Copper prices slipped on Mondayas Chinese import data reinforced worries about growth in demandfor industrial metals fuelled by the ongoing U.S.-China tradedispute, while a firmer dollar also weighed.Benchmark c...Read More
Steel mills in China have lowered their bids for alloys, while ores resisted some downward pressure and some buyers secured deals at lower prices in the week ending Friday December 7. Lower and higher grade ore prices rangebound in cif market Low grade fob index increases on falling freight rate Alloy price in China falls Ferro-manganese into Europe soars US alloys unmoved in quiet spot marketThe...Read More
MOD's shares were down 17.65% Monday to A28c (US20c).The fall came despite the company, which has teamed up with Metal Tiger (AIM:MTR) in Botswana and recently listed in London, saying it had intersected wide zones of visible disseminated copper sulphides within an interval from 85m to 385m down hole depth at the third hole drilled at T23.These were similar to the mineralisation intersected in the...Read More
The Chinese ferro-silicon market climbed further on renewed demand in the week ended Friday December 7, while European prices have been hemmed in while suppliers and consumers negotiate long-term delivery settlements. China market gets boost from demand Tight supply underpins market strength European prices stabilize losses US ferro-silicon prices flat amid inactivityThe recent increase in domesti...Read More
Fred Imbert| @foimbertPublished6:12PM ET Sun,9 Dec 2018Updated3 Hours AgoCNBC.com show chapters Markets turn volatile in another wild trading session — Here's what five experts are watching 5 Hours Ago |03:44 Stocks rose on Monday, erasing sharp losses from earlier in the day, as shares of technology companies posted strong rebounds across the board.The Dow Jones Ind...Read More
CloseGain/LossGold $1244.30-$4.10Silver$14.52-$0.11XAU67.40-0.79%HUI154.01+0.05%GDM560.44+0.02%JSE Gold1249.20+48.07USD97.21+0.61Euro113.57-0.53Yen88.34-0.46Oil$51.00-$1.6110-Year2.854%-0.002T-Bond144.0625+0.15625Dow24423.26+0.14%Nasdaq7020.52+0.74%S&P2637.72+0.18% The Metals: Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back high...Read More