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
In Daytona Beach, Florida, a 23-year-old burglar was spotted pacing around someone's pool. When two police officers arrived on the scene, he bolted. And he almost got away.Almost.The suspect darted towards a neighboring house and climbed on top of a shed. From there, he made it onto the roof of the house. And then in a Bond-villain-style escape, he leapt from roof to roof and tree to tree, eluding...Read More
Vancouver-based exploration company Delrey Metals (CSE:DLRY) has entered into a share purchase agreement with WEM Western Energy Metals to acquire all the issued and outstanding share capital of WEM.WEM owns a 100% undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie vanadium properties in British Columbia. The properties cover a total area of 2,714 hectares an...Read More
Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate.Kiena counts resources in the Kiena Deep, A, B, South, VC and S50 zones. The total measur...Read More
Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More
The federal government of Canada announced on Dec. 12, 2018, that traditional coal-fired electric generation plans will be phased out by 2030. Greenhouse gas regulations for natural gas-fired generating stations was also published.The government says it wants to have 90% of this country's electricity generated from non-emitting sources. It estimates that carbon pollution from the electricity secto...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Thursday as Wall Street expressed optimism over U.S. and China trade talks. General Electric Co. (GE) jumped 7% after JPMorgan analyst Stephen Tusa lifted his rating on the stock to "neutral" from "underweight." -Apple Inc. (AAPL) said Thursday it would invest $1 billion to build a ne...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
Gold prices have declined so far this year. But 2019 and 2020 should be positive again because analysts at ABN AMRO expect a lower dollar, lower US Treasury yields, a recovery of the Chinese yuan and higher jewellery demand. Speculators are expected to cut their substantial short positions and gold prices should rise to above the 200-day moving average. We keep our year-end tar...Read More
Silver prices have declined by 14% and speculators hold extreme short positions. Silver prices have seen the worst and ABN AMRO analysts are positive on silver outlook, because of lower dollar, lower US Treasury yields and recovery in the Chinese yuan.So far year-to-date silver prices have been the weakest among precious metal prices. They have declined by more than 14%. Silver prices ha...Read More
Dutch bank Rabobank, international trading firm Concord Resources and warehousing firm PGS are developing a blockchain trading platform for the metal repo financing business, the companies said.The parties signed a letter of intent and have already started developing the system, known as Beyond Commodities. Its goal is to drive efficiencies, traceability and transparency in metals trading - specif...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
Comex copper prices moved higher on the morning of Thursday December 13 in the United States, with easing global trade tensions providing a boost to risk appetite.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 0.90 cents to $2.7790 per lb.Worries that the trade war between the US and China will only escalate in 2019 have softened in recent we...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
The following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fell from 97 to 88....Read More
The minor metals industry is facing turbulent times and increased volatility in all regions, but some things remain constant and there are always new opportunities if you know where to look, says former-chairman of the MMTA Anthony Lipmann. For Lipmann, owner of niche metals company Lipmann Walton and former chairman of the Minor Metals Trade Association, the constants include an "old fa...Read More
However the optimism could evaporate with reports emerging at the time of writing of a second Canadian believed to have been detained in China.The news follows last week's arrest in Canada of Huawei's CFO Meng Wanzhou, who has since been granted bail.Base metals were little changed on low volumes on the London Metal Exchange yesterday and the gold price is similar to this time yesterday, around US...Read More
Published 21 Hours AgoUpdated6 Hours AgoReuters Gold eased to its lowest in nearly one week on Thursday as the dollar rose and investors latched on to gains in global stocks, while palladium touched record highs on expectations of higher demand.Spot gold eased 0.21 percent to $1,242.74 per ounce at 11:21 a.m. EST (1621 GMT), while U.S. gold futures settled at $1,247.40 per ounce, down $2.60.The do...Read More
* Stronger dollar after ECB comments weighs on metals * Tin hits highest level in three weeks * GRAPHIC-2018 asset returns: (Updates with closing prices)By Eric OnstadLONDON, Dec 13 (Reuters) - Copper hit its highest in morethan a week on Thursday after U.S.-China trade tensions eased,but gains were capped due to persistent worries about Chinesedemand and global growth.China made its first purchas...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back highe...Read More