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 brokerage firm cited an attractive risk/reward profile for MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are trading up 6.4% at $35.89, after an upgrade to "outperform" from "market perform" at Bernstein. The brokerage firm said the memory chip stock's recent sell-off has created an attractive risk/reward backdrop, and cited expectations for an earlier-than-expected recovery in DRAM pric...Read More
Trade talks between the U.S. and China went past the planned two-day windowFollowing yesterday's positive session, Dow Jones Industrial Average (DJI) futures are trading above fair value again. U.S.-China trade talks will remain the key focus, as the countries moved into an unscheduled third day of negotiations. Details of the talks, now concluded, are expected soon. Traders will also monitor head...Read More
The signal has preceded solid gains for the S&P, historicallyFor the first time in nearly three years, the weekly Investors Intelligence (II) survey showed more market newsletters were bearish on stocks than bullish. The survey started in 1963. II analyzes more than 100 independent newsletters and determines whether they are bullish or bearish on the stock market (they also have a third designatio...Read More
Full Article: Is the Fed Done Hiking Rates? Watch the Price of Gold By: Frank HolmesKing Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So...Read More
The Rainy River mine produced 77,202 toz gold in Q4 2018, which is a new record high.The mill throughput finally approached the nameplate capacity.New Gold reached the 2018 gold production target and exceeded the copper production target.Some important news regarding future Rainy River and New Afton C-Zone development should be released later this month, together with the 2019 production guidance....Read More
Canadian junior Equinox Gold (TSX-V: EQX) is in the countdown to begin commercial production at its Aurizona gold mine in Brazil, bringing the company closer to its goal of becoming a leading mid-tier producer of the yellow metal.Equinox is building the 136,000 ounces-per-year Aurizona gold mine in Brazil, which is expected to start production in Q1.As part of its growth strategy for 2019, the co...Read More
Importance of the gold to silver ratio.How the gold to silver ratio influences the prices of precious metals.2019 is a key year to observe the gold to silver ratio.Gold and silver have both been strong recently - can the gold to silver ratio break lower? For the week ended Friday, January 4, gold finished higher by $4 or 0.3% to close at $1,285 as of the final trade on the New York COMEX futures e...Read More
Now is the time to prepare for future central bank money printing, purchasing gold, and silver on the cheap.A major bottom in the monetary metals appears to have been reached in the second half of 2018.Don't laugh, $2,000 gold may be on deck the next 6-12 months if an unexpected black swan or recession strikes.Gold and silver could prove the smartest and easiest hedges against financial market...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) nosedived Wednesday in London after the company posted a 13% drop in full-year gold output from Sukari, its only operating mine and the African country's sole bullion-exporting operation.The company produced 472,418 ounces of gold at the Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at...Read More
• The prevalent risk-on mood continues to dent safe-haven status. • Expectations of a dovish Fed/USD weakness helped limit downside. • Focus remains on today’s release of the FOMC meeting minutes. Gold struggled to build on the overnight attempted rebound from sub-$1280 level and traded with a mild negative bias for the se...Read More
Asian steel markets are in for another tumultuous year judging by the rate at which new developments are expected to spring up in 2019.China remains the center of interest, and rightly so, because its economic and governmental policies have cascading effects on the international steel market.While its progressive economic policies have served it well in sustaining its domestic steel sector in the...Read More
Published8:21PM ET Tue,8 Jan 2019Updated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a fresh all-time high on Wednesday after a Chinese official said the government was contemplating policies to increase domestic buying of automobiles, while gold was propped up by a falling dollar...Read More
Pan American Silver (TSX: PAAS) announced Tuesday that shareholders overwhelmingly (98%) approved the resolution to increase the maximum number of authorized shares of Pan American and the resolution to issue up to 72,533,152 Pan American shares in connection with the proposed plan of arrangement that Pan American will acquire all of the issued and outstanding shares of Tahoe Resources.Tahoe share...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 precious metals have done relatively well compared to most other assets this past month. Here's Steve St. Angelo to explain...by Steve St Angelo of SRSrocco ReportWhile December was a horrible month for the broader markets, that wasn't the case for the precious metals. As the Dow Jones and S&P 500 Indexes suffered the worst December since the Great Depression, the silver price enjoyed quite...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
Gold futures finished Tuesday with a loss as gains in the U.S. stock market and strength in the dollar helped to dull the appeal of the haven metal, at least in the short term. February gold on Comex GCG9, +0.12% fell by $4, or 0.3%, to settle at $1,285.90 an ounce, giving back all but a dime of its gain from a day earlier. March silver SIH9, +0.13% meanwhile, followed its sister metal lower to l...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
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