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
Physical iron ore prices stayed rangebound on Tuesday December 11 while steel markets weakened further. MB 62% Fe Iron Ore Index: $65.97 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Pilbara Blend Fines Index: $65.24 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $69.68 per tonne cfr Qingdao, down $0.18 per tonne. MB 58% Fe Premium Index: $59.67 per ton...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of 10%-15% each year over the next three years with consolidated output of 740,000-800,000 ounces of gold next year, 850,000-910,000 ounces in 2020 and 945,000-1.05 million ounces in 2021.Production growth in 2019 will be driven by its Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is forecas...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More
South African gold output contracted for a 13th consecutive month in October, the longest streak of declines in six years, as the industry battles unprofitable mines and labor strikes.Gold production declined 15.1 percent from a year earlier, the Pretoria-based statistics office said Tuesday in a statement on its website. Total mining output rose 0.5 percent.Key insights:Dwindling output has cut g...Read More
If Donald Trump told Michael Cohen to pay hush money to Stormy Daniels about a one-night stand a decade ago, that, says Jerome Nadler, incoming chair Continue...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
"It's like a manhood thing for him..as if manhood could ever be associated with him.""I was trying to be the mom. I can't explain it to you. It was so wild."Continue...Read More
Corporate earnings forecasts are looking less positive as the effects from the tax cut fades and as investors continue to price in the possible effects of a U.S.-China trade warContinue...Read More
Pan Global Resources (TSXV: PGZ) was granted a mineral exploration permit on the Escacena gold / copper / zinc prospect in the Iberian Pyrite Belt in southern Spain. In a press release, the Vancouver-based miner said the Escacena Investigation Permit was granted and a formal notice was received by current owner EVALAM 2003 SL. Yet, Pan Global has a binding Letter of Intent with EVALAM, providing t...Read More
It's no secret that China has been acquiring vast sums of gold over the past decade. Jeff Clark believes that when the true extent of their acquisitions is revealed it will lead to a major rally in precious metals prices. The Chinese have also been busy buying up and investing in mining projects around the globe. In addition, gold contracts on the Shanghai are settled in physical metal, which is f...Read More
China's ferrous futures moved in different directions during morning trading on Tuesday December 11, with steel and coke futures prices moving up while that of coking coal fell.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,306 yuan ($478.70) per tonne, up 17 yuan per tonneMay hot-rolled coil: 3,281 yuan per tonne, up 23 yuan per tonneDalian Commodity Exc...Read More
David Morgan discusses precious metals, central banking, and cryptocurrency. The positive action in the palladium market may foreshadow the future for gold and silver. David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons f...Read More
Import prices for rebar and billet in the United Arab Emirates (UAE) went down this week due to the weak demand caused by high stocks levels, sources told Fastmarkets on Tuesday December 11.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production, while Conares Steel was offering rebar at 1,990 dirhams...Read More
In a wide-ranging conversation, Bob Moriarty of 321 Gold discusses with Maurice Jackson of Proven and Probable geopolitics, economics, Bitcoin, precious metals and more. Maurice Jackson: Joining us for conversation is Bob Moriarty, the founder of 321 Gold and 321 Energy.com, and also the author of two of my personal favorite books, "The Art of Peace," and "Nobody Knows Anything." Mr. Moriarty, we...Read More
Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt...Read More
A junior holds a large tract of land in an area that has seen artisanal gold mining for generations that could turn out to be a major copper porphyry belt. Drilling at CajueiroA decade ago, what is now Altamira Gold Corp. (ALTA:TSX.V; EQTRF:OTCBB) started out as a private company called Alta Floresta Gold, which held a mineral property package in the heart of Brazil. In 2015, Alta Floresta Gold v...Read More
Fund manager Adrian Day discusses a young precious metals royalty company that has accomplished a lot in a short time. Technical analyst John Newell of Fieldhouse Capital Management provides charts. Streetwise Reports: Adrian Day Asset Management holds various precious metals royalty companies. Would you tell us about one young royalty company that your fund holds? Adrian Day: I like the royalty...Read More
The mine remains on schedule for first gold delivery in the second half of 2019. Victoria Gold Corp. (VIT:TSX.V) has recently provided two updates on its Canadian property: one on the Eagle mineral resource and another on construction work at the project. According to a news release, the updated mineral resource at Eagle encompasses results from 58 drill holes and core holes, all done after the...Read More