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
Robert Moriarty, the proprietor of 321Gold.com, gives his highly informed and opinionated view of economics and geopolitics in view of the world and markets.Read More
Chen Lin, a very successful independent investor, shares some of his top picks and his insights into the Chinese economy and how they may impact markets in 2019.Read More
Jay introduces the guests and sponsors and Michael Oliver provides his usual updates on gold and other markets of greatest importance.Read More
?(TM)? Hello from Mexico!This video has been SO highly requested for such a long time and I finally decided to sit down and share my tips on how I got rid of my hyperpigmentation/uneven skin. Please note that I STILL have some hyperpigmentation on my face and my skin is not perfect in any way. But I am really happy with the way my skin currently looks and I wanted to share what worked wonders for...Read More
Mining group South32 Ltd on Thursday said its second-quarter metallurgical coal output nearly doubled from the same period a year ago, boosted by strong production at its Illawarra project.Production of coking or metallurgical coal, which is a key steel-making ingredient, rose to about 1.6 million tonnes in the December quarter from 788,000 tonnes a year earlier. The figure was substantially highe...Read More
Vancouver-based WPC Resources Inc. (TSXV: WPQ) announced on Wednesday that effective January 18, 2019, the company will change its name to Blue Star Gold Corp.Blue Star will be a Vancouver-based gold and silver exploration company focused on mineral exploration and development in Nunavut, Canada. Through its subsidiary, Inukshuk Exploration Inc., the company will own the 8,015 hectare Hood River g...Read More
Guyana Goldfields Inc. (TSX:GUY) has a history of impressive runs.In 2004, shares shot up by 1,000% in 6 months. In 2006, shares doubled in 30 days. Following the financial crisis in 2009, shares experienced another 1,000% run. Most recently, shares tripled in 2016.Unfortunately, repeated strong runs were always a result of similarly sized downturns. Recently, shares have fallen 75% from their hig...Read More
Serabi Gold (TSX: SBI; LON; SRB) produced a record 10,256 oz. gold in 2018's fourth quarter, propelling its 2018 gold production to 37,108 oz. gold, a slight improvement over 2017 gold production.The company processed 45,538 tonnes of run of mine ore from its Palito and Sao Chico gold mines - its highest quarterly throughput of the year - at an average grade of 7.39 grams gold per tonne, as well...Read More
Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs of $985-$1,040 per oz. at its Eagle River mine complex in northern Ontario.The gold producer also forecasts a significant grade increase to 15.5-16.5 grams gold per tonne, compared to a reserve grade of 12.2 grams gold and a recent high of 13.3 grams gold achieved in the third quarter...Read More
Toronto-based Moneta Porcupine Mines has updated the underground resource numbers for its Golden Highway project 110 km east of Timmins. The company says the deposits are higher grade than previously thought and they are open.Moneta CEO and chief geologist Gary O'Connor said the increased grade and overall size of the estimate are encouraging. "We are confident of the ability to continue to incr...Read More
MGX Minerals of Vancouver and partner PurLucid Treatment Solutions has commissioned a commercial 5-m3/h NFLi-5 advanced wastewater treatment system. The system is currently operating under contract to an oilsands steam assisted gravity drainage (SAGD) operator to process evaporation blowdown water.The system achieved all key performance indicators. Silica was reduced by 99.7%, calcium by 88% and m...Read More
In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions receiving a total revenue of $463 million for the year, for its special size (over 10.8 carats) rough diamonds.Alrosa traditionally holds its auctions in Russia, Belgium Israel, Hong Kong, the United Arab Emirates and the United States. For the first time in many years, the company held two of its auct...Read More
The number of Americans filing applications for jobless benefits unexpectedly fell last week.The data pointed to sustained labor market strength that should continue to underpin the economy.Initial claims for state unemployment benefits decreased to 213,000 for the week ended Jan. 12, the Labor Department said.Published 11 Hours AgoUpdated11 Hours AgoReuters show chapters Initial jobless claims...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher Thursday, rising for the third straight day in a row. U.S. stocks have closed with gains in seven of the past nine sessions.Morgan Stanley (MS) earned 80 cents a share in the fourth quarter, missing forecasts of 89 cents. The stock fell 4.4%.Netflix Inc. (NFLX) will report earnings...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday January 17, with zinc futures climbing just under 2% while positive trading in aluminium resulted in the metal's moderate volume the highest in today's trading. Zinc's three-month price rallied throughout the afternoon to breach its nearby $2,500-per-tonne resistance level and close at its highest level...Read More
The Comex copper price reversed lower in the US morning on Thursday January 17 with the market unable to find solid direction amid a lack of news on trade developments between the United States and China. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.95 cents to $2.6640 per lb. "We are seeing modest losses across the metals board in relati...Read More
China's exports of unwrought aluminium and aluminium products increased by 19.8% in December 2018 compared with December 2017, but down 0.6% from November 2018, according to preliminary Chinese customs data.China exported 527,000 tonnes of unwrought aluminium and aluminium products in December, a 87,000-tonne increase from the same month of 2017 and 3,000 tonnes less than in November 2018, customs...Read More
The post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow are up 10.4% and 10.1% respectively. During the stretch between December 26th and January 17th, the Russell 2000 index experienced only two down days.Make no mistake, this is primarily a vicious short-covering and hedge fund...Read More
(Corrects quote in third paragraph to read "the quarterlypoint-in-time full-year earnings", instead of "the poorlypoint-in-time full-year earnings") * Does not provide EBITDA forecast, shares reverse course * Sees global consumption growth for aluminum between 3-4pct * Expects global aluminum deficit to continue * By SanjanaShivdasJan 16 (Reuters) - Top U.S. aluminum producer A...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 17 that are worth another look.China's auto sales fell last year for the first time since the 1990s, dampening expectations for steel demand in 2019 although some in the market think that there are still opportunities for steelmakers to remain profitable.The London Metal Exchange announced it will launch seven new...Read More