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
Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More
As Elizabeth Warren inches closer to officially launching her campaign after creating an exploratory committee earlier in the week and announcing plans to visit Iowa and close Continue...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew...Read More
The majority of board members at Banca Carige, Italy's 10th largest bank, resigned and the ECB took Over.Continue...Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday.The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax...Read More
American Eagle gold and silver coin soils were the weakest since 2007, while American Buffalo coins saw Continue...Read More
Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.Williams is a mining industry veteran and was a for...Read More
December's cheer is carrying into 2019 for gold-mining companies.A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown. The BI Global Senior Gold Valuation Peers jumped as much as 1.6 percent Thursday to the highest since May, with bullion set for a s...Read More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More
Barrick Gold Corp.'s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up.Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold's CEO, Mark Bristow, became the chief executive of Barrick, the world's biggest gold miner."Without a doubt, this industry needs tr...Read More
Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More
China's domestic stainless steel prices held steady over the past week amid growing pessimism about the market in January.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,068-2,156) per tonne including value-added tax for the week ended Wednesday January 2, unchanged from a week earlier.Transactions were sparse ov...Read More
With $5.5 million in the treasury, strong summer drilling results and multiple projects in the works, Aben Resources makes plans for 2019. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB), a Canadian gold exploration company, recently released final results from its 2018 diamond drilling project at the Forrest Kerr Gold Project.Located in British Columbia's Golden Tria...Read More
A BMO Capital Markets report discussed the firm's recent financing and changes to the development plan for its Nunavut asset. In a Dec. 21, 2018, research note, BMO Capital Markets analyst Andrew Kaip reported that Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) will use proceeds from its recent CA$28.1 million bought deal financing to advance its Back River project and for general cor...Read More
Money manager Adrian Day offers some final words on Nevsun and advice on good dividend-paying stocks for the New Year. Nevsun Resources Ltd. (NSU, NY, 4.39) has been purchased by Zijin Mining of China, which received over 89% of the total shares outstanding voting in favor of the acquisition. Our sell on Nevsun would have filled at $4.39, for a gain of 64%. (Our first tranche was sold for a gai...Read More
Import prices for stainless steel in East Asia were little changed over the past week, with trading activity yet to pick up following the year-end holiday season.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,890-1,950 per tonne cif for the week ended Wednesday January 2, down $10 per tonne from a week earlier.Fastmarkets MB's import pri...Read More
Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts)– Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively– Worst year for most international equity indices since 2008– Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% &...Read More