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
Like the much vaunted butterfly affect, so too with financial markets and debt. We go merrily along out way thinking everything is fine, only to discover that we were wrong. While we totally mis-called the market from 2011 to late last year, eventually the chickens come home to roost. And then Apple has a major miss and the market can't stop going down. But wait, the next day everything is fine an...Read More
Jason talks about how President Trump is talking about stocks going back up almost daily now in his press briefings and press conferences. But why does he care so much?1) Trump says there was a stock market 'glitch' in December, but it will rise when trade deals fixed https://www.cnbc.com/2019/01/02/trump...2) Trump: December's stock market fall a 'glitch' https://uk.investing.com/news/economy...3...Read More
Even people who don't follow the stock market closely are aware that the global economy is weakening and appears to be heading into recession.Continue...Read More
To create an electric vehicle that's cheaper, safer and capable of traveling the same distance as an internal-combustion engine powered vehicle, the car industry needs Continue...Read More
After flubbing two of its most high-profile prosecutions in recent memory, the UK's Serious Fraud Office is preparing for the opening of one of its biggest cases in yearsContinue...Read More
QUEBEC - Toronto's Osisko Mining reports a bonanza - 2,223 g/t gold over 2.0 metres - intersection in zone 27 at its Windfall Lake gold project in the James Bay region, 200 km northeast of Val d'Or. The company began an 800,000-metre drill program in 2015, and is currently focused on infill drilling at the main Windfall and Lynx deposits.Windfall has had more than its share of bonanza drill result...Read More
For the past two months, the sound of wailing and gnashing of teeth about the Fed's QE unwind has been deafening. The Fed started the QE unwind in October 2017. As I covered it Continue...Read More
MONTREAL - Osisko Gold Royalties has begun a $100 million share buyback program with an initial investment of $9.8 million towards its normal course issuer bid. The company purchased 849,480 shares at an average price of $11.56 per share during December 2018. The shares will be canceled.The share buyback program was announced last month at the same time Osisko said it had received proceeds of $159...Read More
The precious metals complex has enjoyed a nice run in recent months.Continue...Read More
At least 40 people so far were confirmed killed in Afghanistan over the weekend as the miners searchedContinue...Read More
* Reserves fall $67.24 bln in 2018, vs gain of $129.4 bln in 2017* Reserves rise $11 bln in Dec to $3.073 trln, slightly top f'cast* Trade deal hopes, softer dollar offer some respite for yuan* Forex regulator expects reserves to be generally stable in 2019BEIJING - China's annual foreign exchange reserves fell for the third time in four years in 2018 as the yuan came under strong selling pressure...Read More
Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More
After a hiatus of more than two years, China is adding to its gold reserves again. The People's Bank of China increased holdings to 59.56 million ounces by the end of December, or about 1,853 metric tons, from 59.24 million ounces previously, according to data on the central bank's website. They had been unchanged since about 130,000 ounces were added in October 2016.The world's biggest producer a...Read More
Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More
The company provided a breakdown of the year's production by mine. Los Filos MineLeagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release it achieved revised 2018 production guidance of 295,000-305,000 ounces by producing at total of 302,550 ounces from its quartet of mines. "2018 was a transformative year for Leagold, as we evolved from a single mine operator into a diversified...Read More
Precious metals expert Michael Ballanger discusses the broad markets, Fed action and precious metals. Unarguably, the finest piece of work that I have ever seen on the state of the global financial world ever is the one recently created and presented by Grant Williams of RealVisionTVentitled "Cry Wolf." I was watching it last evening for the fifth time with my better half (who was watching it for...Read More
Turkey increased the hot-rolled coil (HRC) import duty to 6% for re-rollers from 3.5% previously, effective from January 1, 2019.The country will impose the import duty on HRC imports from re-rollers as well as tube and pipe producers. Tube and pipe producers were previously exempt from the duty discount until January 1.The duty for re-rollers was 5% until January 1, 2018, when it was reduced to 3...Read More
The ISM services sector index fell to a five-month low in DecemberThe Dow explored a 386-point trading range on both sides of breakeven, though bulls eventually triumphed. Trade talks between the U.S. and China sparked most of the optimism, as China's foreign ministry expressed willingness to work with Washington, and offset a five-month low reading in the Institute of Supply Management's (ISM) se...Read More
NHTC shorts are sidelined by today's big bear gapThe plummeting shares of Natural Health Trends Corp. (NASDAQ:NHTC) are among the worst of the Nasdaq today -- down 23.8% to trade at $15.05, at last check -- after coming under scrutiny in a segment aired by China Central Television (CCTV) this weekend. Specifically, the report alleged that the e-commerce brand is operating illegally in China. The c...Read More
The Chinese ferro-silicon market fell in the first week of January, extending losses from the week before amid poor fundamentals. Elsewhere, the European market has been quiet, but has held steady despite little trading, although increased activity is expected with dealers returning after seasonal holidays. China market drops on low demand More Chinese losses expected in the near term Europe stead...Read More