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
Kirkland Lake Gold (TSX:KL)(NYSE:KL) stock is on a tear. Since the summer of 2015, shares are up more than 2,000%, rising every single year despite volatile swings in underlying commodity prices.In the fourth quarter of 2018, Kirkland reported record production of 231,000 ounces, roughly 30% higher than its previous record of 180,000 ounces the quarter before. Full-year production also set recor...Read More
My family has settled into a really boring and pointless Christmas tradition in recent years. This year was different.I write about the markets and investing, my brother works for a private fund, and my cousin works for a major fund that's open to the public.We're all inevitably in the same room at some point and we get pitched softball questions about the markets and investments.This year took a...Read More
ALROSA today announced its rough and polished diamond sales results for December and preliminary results for 2018.ALROSA saw a 6% growth in its diamond sales last year due to high demand and positive price dynamics in the first half of 2018. With total sales growing to $4.5 billion. Rough diamonds grew to $4.4 billion and polished diamond sales stood at $95.3 million.In the second half of the year...Read More
Canada's Prime Minister, Justin Trudeau, today announced support for a new geothermal power facility near Estevan in Southeastern Saskatchewan. The energy project, led by DEEP Earth Energy Production Corporation, is the first of its kind in Canada and taps into a new renewable energy resource.Geothermal energy harnesses heat from the earth's crust and transforms it into electricity to power...Read More
Lawyers Gold Silver Project Phoenix Zone 2018 Drill ResultsBenchmark Metals (TSXV: BNCH; US-OTC: CYRTF) has expanded the Phoenix zone at its Lawyers gold-silver project in B.C.'s Golden Triangle after intersecting gold and silver mineralization in step out drilling grading as high as 11 grams gold per tonne and 819 grams silver over 4 metres from 69 metres downhole.Other highlights included 6.15 g...Read More
TomaGold (TSXV: LOT) announced on Friday an agreement with Quinto Resources (TSXV: QIT) to acquire Quinto's 5% interest in the Monster Lake property for a cash payment of $500,000. Following this transaction, TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.TomaGold has also entered into an agreement with Brunswick Resources Inc. to acquire the I...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was trading to the downside Friday, ending the blue chip index's five-day winning streak.General Motors Co. (GM) jumped 7% after the company said 2018 earnings will exceed the automaker's previous expectations and it raised its 2019 profit forecast.Netflix Inc. (NFLX) rose 4% to $337.6...Read More
Aluminium foundry alloy premiums in Europe and the United States were unchanged this month due to continued sluggish demand, while annual premiums in Asia climbed on uncertainty surrounding sanctions against UC Rusal. European premiums flat on sluggish January demandFoundry premiums in Europe were unchanged month on month with weak demand in the area causing liquidity to dry up.Fastmarkets assesse...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals closed mostly higher on the London Metal Exchange on Friday January 11 on improving risk appetite, with nickel climbing above $11,400 per tonne.The three-month nickel price remains in an uptrend - it gained 2% today and is up by more than 8% from its lowest in 2018 at $10,530 per tonne on December 31 - while zinc climbed by 1.2% to close just below $2,500 per tonne, basis three months....Read More
* Copper on track for biggest weekly jump since Nov. * Dollar claws back earlier losses but metals hold up * Zinc backwardation eases (Adds closing prices, updates dollar, headline)By Zandi ShabalalaLONDON, Jan 11 (Reuters) - Copper prices rose on Friday onhopes for a thaw in a trade dispute between Washington andBeijing, as the two sides prepared for more talks to resolvetheir issues.U.S. officia...Read More
Bob Moriarty ArchivesJan 11, 2019I wrote about Nexus in early November saying they were soon to announce assay results. They are in and they are excellent. But of more importance, from a tactical point of view, the company gotapproval for a new concession named Dakouli 2 in early November. The 100% owned Dakouli 2 property is contiguous with their Niangouela project that reported drill results of...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesJan 11, 2019 Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes...Read More
Gold futures climbed Friday, finishing modestly higher for the week, on the back of overall weakness for the dollar and a retreat in benchmark U.S. stock indexes. February gold GCG9, +0.04% rose $2.10, or 0.2%, to settle at $1,289.50 an ounce. The contract added 0.3% this week, but failed to clear the psychologically important $1,300-an-ounce level, according to FactSet data. The SPDR Gold Shares...Read More
Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.Manganese ore prices have started 2019 by continuing a slide that began in December, weighed down by weak downstream demand in China, where market participants are reluctant to buy because of fea...Read More
Manganese ore prices dropped as much as 6.5% on Friday January 11 because of weakening manganese alloy prices in China and escalating price risk fears.Fastmarkets' 37% manganese ore index, fob Port Elizabeth, dropped 35 cents to $5.07 per dry metric tonne unit (dmtu).Fastmarkets' 37% manganese ore index, cif Tianjin, also fell 35 cents, to $5.76 per dmtu."Prices are under pressure and market parti...Read More
Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its la...Read More
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce -...Read More
I put out a commentary Sunday night bearing this tongue-in-cheek headline: "No Chance This Rally Is the Real Deal, Right?" Of course, merely to pose the question is to suggest that it is at least possible the bull market still breathes. Look, I'm as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly uns...Read More