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
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) plans to remove sanctions against UC Rusal and En+ Group in 30 days due to significant restructuring and corporate governance changes, it said in a notice.Russian oligarch Oleg Deripaska will remain sanctioned, however, and his property will remain blocked."Treasury sanctioned these companies because of their ownership and...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday December 19, reflecting a continued retreat in the dollar index The three-month copper price climbed 0.7%, ending back above $6,000 per tonne. In a quiet trading day, 16,200 lots of copper changed hands. In supply-side news, judges earlier this week ordered the reopening of Sterlite Copper's Tut...Read More
Alcoa will start to curtail half of the one operating potline at its Aluminierie de Becancour Inc (ABI) smelter in Quebec, Canada, it said on Wednesday December 19. The smelter has a nameplate capacity of 413,000 tonnes per year across its three potlines. Alcoa owns 74.95% of the Becancour smelter while Rio Tinto owns the remaining...Read More
Our forecast and expectaion of a major bull market in Gold, gold stocks and many commodities depends on a bear market occuring in the industrial stock market. That would include stocks in the Dow Averages and S&P 500. Our analysis suggests that a bear market is happening right now. For gold and mining stock investors that is good news. We suggest that you visit Montrealanalyst.com for the latest...Read More
Petropavlovsk has lowered its guarantee under the new $240 million Gazprombank package from $204 million to $160 million.IRC had borrowed $340 million from ICBC to build the K&S iro...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
CloseGain/LossGold $1242.00-$7.30Silver$14.58-$0.06XAU66.61-5.67%HUI150.99-5.83%GDM558.39-4.33%JSE Gold1355.53+27.10USD97.06UNCHEuro113.72+0.08Yen89.30+0.12Oil$47.20+$0.9610-Year2.780%-0.043T-Bond144.84375+0.375Dow23323.66-1.49%Nasdaq6636.83-2.17%S&P2506.96-1.54% The Metals: Gold edged up to $1251.40 in Asia before it dropped back to $1246.80 in London and then jumped up to $1258.00 at abo...Read More
- Review of 2018: 'Everything bubble' started bursting- International stock market indices and many property markets have fallen sharply- S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%- Of 54 major international stock market indices, only 6 are higher (see table below)- Global property bubble bursting - London, Sydney and Vancouver fall nearly 10%- Crypto bubble burst a...Read More
Turkish scrap import prices fell again Wednesday December 19, following news of a fresh deep-sea cargo booking, sources told Fastmarkets MB.Details of a steel producer in the Iskenderun region booking a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), 7,000 tonnes of a mixture of bonus and shredded and 3,000 tonnes of busheling, at an average price of $285 per tonne cfr, came to light...Read More
Gold prices climbed on Wednesday, holding ground at their highest finish since July, then pulled back in the wake of the Federal Reserve's decision to lift a key interest rate, as had been expected. The Federal Reserve on Wednesday, after gold futures settled, said it decided to hike its target for the federal-funds rate by a quarter point to a range between 2.25% and 2.5%. The central bank also s...Read More
The Teledyne Mine portal near the historic Cobalt Mining Camp in northeast Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB; 43W2-FSE] said Wednesday December 19 that it is hoping to raise $500,000 for exploration on its property portfolio from a non-brokered private placement offering of flow-through and non flow-through units. The proceeds from the flow-thro...Read More
Mineral projects of Canada Cobalt Works Inc.Canada Cobalt Works Inc., [CCW-TSXV; CCWOF-OTCQB; 4T9B-FSE], a company that is actively exploring in the historic Cobalt, Ontario camp, has reported a new gold discovery east of its flagship Castle propertyThe company says step-out drilling, 1.5 km east-northeast of the Castle property, has intersected an apparent syenite-hosted gold system.Two widely-sp...Read More
Exploring a high-grade quartz breccia zone on White Metal's Williams property in central Newfoundland. Source: White Metal Resources Corp.White Metal Resources Corp. [WHM-TSXV] said Wednesday December 18 that it has entered into an option agreement with Sokoman Iron Corp. [SIC-TSXV] to acquire by option a 100% stake in the Startrek gold property in central Newfoundland.White Metal said the Startre...Read More
Comex copper prices rebounded on Wednesday morning in the US ahead of the Federal Reserve's decision on whether to raise or maintain interest rates.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 2.40 cents to $2.6885 per lb. Earlier, the contract hit a low of $2.6930 per lb, its weakest since November 14.While the...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Ontario's Government for the People is supporting economic growth in Nipissing with more than $2.3 million in investments through the Northern Ontario Heritage Fund.Today, Vic Fedeli, MPP for Nipissing, announced an investment of more than $2.1 million in four local mining supply and service companies, which will create 46 full-time and two part-time jobs. The investments include: $1.4 million f...Read More
In response to a written request by Greg Rickford, Minister of Energy, Northern Development and Mines, the Canadian Competition Bureau will examine retail gasoline prices in northwestern Ontario.On November 30, Minister Rickford drew the Bureau's attention to evidence that gasoline prices in northwestern Ontario did not decrease as they did in the rest of Ontario when the cap-and-trade carbon tax...Read More
Easier said than done (2018 has certainly been a most humbling year for many investors/speculators), but hey, we have to try don’t we?Here’s a broader, macro view of 2018 performance across various sectors…Coupled with the fact that we are nearing the end of the year (most everyone is on holiday/vacation), there’s most likely a lack of interest (liquidity) in certain names,...Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More