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
Northern Vertex Mining Corp. (TSX.V: NEE I OTC NASDAQ INTL.: NHVCF) AMERICA'S NEWEST GOLD PRODUCER is focused on low cost gold and silver production at its 100% owned Moss Mine in NW Arizona. The Company's management team has strong experience in all areas of operations, mine development, exploration, acquisitions and financing of mining projects. Legal Notice / Disclaimer: This document is not...Read More
Gold Holds Steady Over ?1,000 - Increased Likelihood Of A Disorderly Brexit- Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote- Gold is consolidating in range between $1,280 and $1,300/oz (over ?1,000/oz and EUR1,100/oz) - A break of resistance at $1,300 will likely see gold rise rapidly in all currencies- Physical demand for gold coins and bars has picked up i...Read More
Tin premiums in both Europe and China held firm in the week ended Tuesday January 15 despite mounting concerns over continued delays to Indonesian exports, while premiums in the United States moved higher for the first time since June 2018, with low stocks and a widening backwardation adding upward pressure to premiums. European market considers alternative supply solutions US market beginn...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
Crypto Security tokens will be a hot topic in 2019.Security tokens are similar to shares of stock in a company. They can yield dividends, provide revenue share, or appreciate in price.TZERO could be a game changer for the crypto market and financial markets at large. In addition, Fidelity is getting into digital assets. Institutional interest has never been stronger.The asset class is maturing alt...Read More
Newmont Mining is not buying Goldcorp because it believes gold prices will rise, CEO Gary Goldberg says.Goldberg sees an opportunity to optimize Goldcorp's assets during a period of relatively low gold prices and consolidation.Tom DiChristopher| @tdichristopherPublished 8 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Newmont CEO on Goldcorp deal 8 Hours Ago |04:40 Newmont M...Read More
As gold pauses for breath below the key $1300 handle and WTI crude oil trades around $52, we are wondering what 2019 will bring for these commodities. On the one hand, the outlook for gold and other metals look bullish in 2019. The fact that the Fed has stopped hiking interest rates should be good news for noninterest-bearing and low-yielding assets, such as gold, silver and copper. What’s m...Read More
Gold has tried to trade higher, and has failed again in the 1297/99 band..Now there is a continuation pattern...suggesting Gold goes higher...but until this pattern breaks...I would continue to play the range...with the base seen at 1285....we go below there and the market will come lower and I would be looking for 1271 minimum The research provided by Charmer Charts is provide...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersPalladiumrose to a record high on Wednesday on increasing demand and lower supply of the metal used in autocatalysts, while gold gained on expectations of a pause in the U.S. Federal Reserve's rate hiking cycle.Palladium jumped to an all-time high of $1,358 an ounce, and was last up 2.73 percent at $1,354.George Gero, managi...Read More
The 50- and 200-day MAs have produced a golden (bullish) crossover - a lagging/contrary indicator Dips, if any, could be short-lived, courtesy of China's stimulus pledge and Brexit uncertainty. Gold is currently trading at $1,290, having clocked a high and low of $1,295 and $1,287 yesterday, respectively. The daily chart shows a bullish (golden) crossover between the 50- and 200-day simple m...Read More
IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More
Barrick Gold has been having a bit of a post-merger sell-off since the deal closed on January 1.There are too many positives when it comes to the company, the most important being that the continued debt reduction will result in a further re-rating of the stock.While we don't know Q4 financial figures yet, I think it's safe to assume that net debt declined even further.The recent sell-off...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
Base metals on the London Metal Exchange were predominantly higher during morning trading on Wednesday January 16, with a slight downturn in the US dollar index providing legroom for upward price action while nickel futures continue to gain traction. Despite being the only metal to trade in negative territory over the morning, nickel's three-month price remains elevated, trading at an intraday hig...Read More
Concerned that govts may become desperate and try confiscation? Rob isn't, and he shares how simple it would be to not give up any physical metal...Rob Kirby interviewed on Reluctant PreppersHow will your life change when the world recognizes the latest documented research that the US has created unimaginable sums of off-books dollars? How will the flight from the USD impact ordinary households an...Read More
Trading slowed down in the seaborne coking coal spot market on Wednesday January 16 after a flurry of transactions earlier in the week."I imagine [imported coking coal prices] to be more or less stable until the Chinese New Year. A price of $190 per tonne cfr China for premium hard coking coal is definitely cheaper compared with domestic materials," a Chinese trader said.A mill source in China con...Read More
Analysts at Fitch Solutions are feeling bullish from spot levels on nickel, lead, copper, tin and gold over 2019, but are bearish on iron and coal, according to new reports on mining the Americas.The outlook for Americas mining remains positive over the coming years, but miners will face challenges from tension over water usage from local communities if El Ni??o strikes and political uncertainty s...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between $710 and $750 per oz., down 10% from its revised 2018 guidance of $810 per oz., and all-in sustaining costs of be...Read More