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
It has been a solid year for precious metals miner North American Palladium (TSX:PDL), which destroyed considerable investor value after a poorly conceived expansion in 2013 that led to a 2015 restructuring to avoid bankruptcy. The miner has gained 12% for the year to date and appears poised to rise further, despite the uncertain outlook surrounding precious metals.The outlook for palladium is po...Read More
Gold has surged in recent days to be up trading at over US$1,235 per ounce, but despite the latest rally, it is still down by almost 3% year to date. There is every sign that the yellow metal could firm further because of growing fears of a global economic slowdown, rising geopolitical risk, and fears of a crisis in emerging markets. Firmer gold has helped to boost the price of gold miners, with t...Read More
Vancouver-based Pretium Resources has received the amended permits allowing it to expand production to 3,800 t/d at its Brucejack gold mine 65 km north of Stewart. The permits were issued by the B.C. Ministry of Energy, Mines and Petroleum Resources and the B.C. Ministry of Environment and Climate Change Strategy.Annual mill throughput will grow to 1.4 million tonnes from 990,000 tonnes, or 3,80...Read More
Assays from the Eleanore South joint venture continue to include high grade gold intersections. The JV consists of the operator and 26.6% owner Azimut Exploration, Eastmain Resources (36.7%) and Goldcorp (36.7%). The property is adjacent to Goldcorp's Eleonore gold project in the James Bay region.Highlights of recent drilling include the following:Hole ES18-133: 14.7 g/t gold over 6.2 metres,...Read More
There's really no other way to say it: marijuana stocks have made people rich.And we've made people rich with marijuana stocks.Readers and I have privately financed six cannabis companies:The Green Organic Dutchman - Sold for 154%Auxly Cannabis (Cannabis Wheaton) - Sold for 136%Emblem Corp. - Sold for 120%The other three are still open so I can't reveal their names. Two of them are about to begi...Read More
Jimmy Mengel has been on the frontline of the marijuana industry since 2014. That was long before anyone took pot stocks seriously. He was the first newsletter writer to visit what is now the biggest cannabis company in the world: Canopy Growth Corp.His readers could have bagged a 3,200% gain from his recommendation, which he made while he was on the airplane home from its headquarters.Ever since,...Read More
I've been thinking a lot about Mexico.Warm beaches away from the cold weather sound great and I can't help but let thoughts of them creep in, but I'm thinking about business.Namely, the business of selling marijuana, and how to invest in the next big thing in the marijuana sector.A lot has been happening on the legalization front in recent months, and I think that Mexico may very well become a maj...Read More
Mawson Resources (TSX: MAW; US-OTC: MWSNF) has tabled a maiden resource for its Rajapalot gold-cobalt project in Finland that it says has plenty of room for expansion.The project contains a pit and underground constrained 4.3 million inferred tonnes grading 2.3 grams gold per tonne and 430 ppm cobalt, or 3.1 grams gold equivalent, for 320,000 oz. gold and 1,841 tonnes cobalt. Unconstrained, the p...Read More
Canada Cobalt Works of Coquitlam, B.C., says that two widely spaced drill holes have intersected an apparent syenite hosted gold system east of the historic Castle cobalt-silver mine 75 km from Kirkland Lake, near Gowanda.The drill program east of the mine is targeted at high grade gold zones associated with a previously undiscovered major fault structure. A new hole has been collared to intersec...Read More
Getty ImagesBuilders on construction site The numbers: The National Association of Home Builders' monthly confidence index tumbled four points to 56 in December. What happened: The December decline took the sentiment index to the lowest since May 2015 and missed the Econoday forecast of a one-point increase. It followed a breathtaking plunge from October to November and brought the full-year 20...Read More
Avino Silver and Gold Mines of Vancouver is very pleased with the initial assay results from the drilling of the 27 vein extension target at the Bralorne mine near Gold Bridge. The company says the results confirmed the continuity of the vein up dip from the area of historic production.The highest assay was 29.56 g/t gold over 0.88 metre (all true widths). Other holes 3.24 g/t over 2.3 metres and...Read More
Bloomberg News/LandovAn employee sews a dress at the Ferrara Manufacturing Co. clothing factory in the Garment District of New York City. The numbers: The Empire State manufacturing index fell 12.4 points to 10.9 in December, the New York Fed said Monday. That's the weakest level in 19 months. Economists had expected a reading of 21, according to a survey by Econoday. Any reading above zero indi...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a mo...Read More
Thomas Franck | Ryan BrownePublished 14 Hours AgoUpdated9 Hours AgoCNBC.com U.S. government debt yields slipped on Monday amid ongoing concerns around a potential slowdown in economic growth and ahead of the Federal Reserve's December meeting.The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.868 percent, while the yield on the 30-year Treasury bond fell to 3.124 per...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday December 17, capped by broad strength in the US dollar index while investors remain cautious ahead of the the forthcoming Federal Reserve meeting in the United States. At this week's Fed meeting, a decision on further interest-rate rises is expected. Volumes traded over the day are moderately low, w...Read More
The Ontario Securities Commission (OSC) is to hold a hearing on Tuesday December 18 to consider the approval of a settlement following an investigation into Katanga Mining Limited and several of its executives.The OSC inquiry has been investigating whether Katanga's previously filed periodic public disclosures contain statements that are misleading in a material respect, along with the adequacy of...Read More
The Comex copper price fell in morning trading on Monday December 17 amid quiet trading conditions and uncertainty surrounding the future of American monetary policy. The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 2.70 cents to $2.7355 per lb. US market participants are awaiting the Federal Reserve's Wednesday decision on another rate hike. Glo...Read More
A couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There's two factors. First, the homebuilder sector has dropped well over 30% since late January. To an extent there may be some seller's fatigue. At some point there will be short term rally that...Read More
The latest metal markets news and price moves to start the North American day on Friday December 14.The three-month aluminium price on the London Metal Exchange shrugged off a net inflow of 57,525 tonnes today, mostly into warehouses in Port Klang, Malaysia.Aluminium traded at $1,923.50 on Friday morning down 0.4% from Thursday night's close. Friday's deliveries into Port Klang LME sheds foll...Read More
Alumina prices hitting a record high this year has changed the market's outlook for 2019, with traders adapting a cautiously bullish approach. The declaration of force majeure at Hydro's Alunorte refinery in Brazil, strikes by Alcoa workers in Australia and US sanctions against Russian producer UC Rusal roiled the market this year. Consequently, Fastmarkets' benchmark daily alumina index fob Austr...Read More