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
Palladium's premium to platinum jumped to a record, building on its ranking as the best-performing metal of 2018.Shortages of the metal used in autocatalysts for gasoline-fueled vehicles sent its price to yet another all-time high, widening the price difference with rival platinum to more than $500 an ounce on Tuesday. Most analysts don't see supply relief for palladium anytime soon. Platinum is n...Read More
U.S. plans to remove sanctions on Russian aluminium giant Rusal will be of limited benefit to consumers in the United States where tariffs on aluminium imports mean producers still need much higher prices to incentivise shipments.The U.S. Treasury has said it would lift sanctions on Rusal this month after a restructuring that reduces tycoon Oleg Deripaska's stake in parent company EN+ to below 50...Read More
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar.Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 6...Read More
January 8, 2019 It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!Please click here now. Double-click to enlarge this daily gold chart.A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.Gold begins 2019 with some very positive news in play. Please click here now. After a...Read More
Silver's latest rally, which sees the metal up by over 12% from 2018 lows to be trading at US$15.65 per ounce, has sparked considerable speculation that 2019 is the year that the precious metal will shine. This has breathed life into primary silver miners like First Majestic Silver (TSX:FR)(NYSE:AG), which has gained a remarkable 17% over the last month. That - along with an improving outlook for...Read More
Last year was a tough one for silver miners. Silver opened the year at over US$17 an ounce, but by November 2018 it had plunged to under US$14 per ounce, and there were signs that the white metal was caught in a protracted slump. While the overall outlook for silver remains stagnant for 2019 with higher gold prices the only positive catalyst for the precious metal, it shouldn't deter investors fro...Read More
Imperial Metals (TSX:III) announced this week that due to declining copper prices, operations at the Mount Polley mine will be suspended. The suspension plan includes milling of low grade stockpiles which is targeted to extend operations to the end of May 2019.In a news release, the company said there will be no impact to the mine's ongoing environmental monitoring and remediation program, and t...Read More
In the final days of 2018, Russian President Vladimir Putin gave his country a gift of stability and security.The day after Christmas, he announced that the country had successfully tested the Avangard system. This is a hypersonic boost-glide missile that boasts a speed of Mach 20 and is impossible to track and take down before it reaches its intended target. It's something the country has be...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Sudbury, Ont.-based Canadian Gold Miner has discovered a new gold zone - dubbed Behold zone - approximately 10 km south of the town of Kirkland Lake. The zone lies on the northwest edge of an 800-metre long induced polarization anomaly that occurs within a favourable structure and alteration corridor traced for more than 1.5 km.Channel sampling at the Behold zone late last year returned assays a...Read More
Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded higher on Wednesday following three straight days of gains for the blue-chip index.Apple Inc. (AAPL) rose 1.7% after CEO Tim Cook insisted the iPhone XR remained its most popular product even as reports suggested the tech giant will slash production for new models this quarter amid slowing demand.Le...Read More
January 8, 2019 It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!Please click here now. Double-click to enlarge this daily gold chart.A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.Gold begins 2019 with some very positive news in play. Please click here now. After a...Read More
Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF) told investors it had significantly expanded its uranium and vanadium portfolios with the acquisition of two projects.The Burnaby, Canada based resource group has inked an asset purchase agreement (APA) with Cotter Corp to acquire the Charlie ISR uranium project in the Pumpkin Buttes uranium district in Johnson county, Wyoming.READ: Anfield Energy hails la...Read More
The opening of the import window in China's zinc market kept premiums stable in the country while the rest of Asia was experiencing a wide backwardation. Meanwhile, lead premiums in India went up amid a reduction in supply from Iran. Chinese zinc import window remains open. Italian zinc premiums and Indian lead premiums move up. US market quiet after holidays.Chinese zinc import window opens to lo...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday January 9, with a continued uptrend in copper, nickel and tin futures topping gains while a softer US dollar index continues to support commodity investment. Climbing furthest over the afternoon, the three-month copper price appreciated just shy of 1% during afternoon trading, closing at its hig...Read More
The US copper price increased during midweek trading this morning in the US, amid a softer dollar and positive trade talks between the United States and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.30 cents to $2.6690 per lb. Trade talks between the world's economic powers continued for a third consecutive day earlier this morn...Read More
The stock market has gone "Roman Candle" since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.Credible measures of price inflation, like the John Wil...Read More
Fastmarkets MB launched an assessment of chrome ore inventories at the main Chinese ports of Tianjin, Qinzhou, Lianyungang and Shanghai on Monday January 7. After a one-month consultation period following the initial proposal, Fastmarkets MB has decided to launch this assessment to reflect the chrome ore inventory changes at major ports in China. The first assessment was published on January 7. Fa...Read More