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
- History may repeat itself for gold demand and prices as world economy looks set to slow- Three reasons for gold's extended rally from 2008 to 2011 may be making a comeback- As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in valueby Clyde Russell of Thomson ReutersThe three legs that supported gold's extended rally from just after the 2...Read More
Failure of gold to break and trade over $1304 by the 25th of January will result in fatigue and a fall to $1272 and $1256. This is just a technical view. However sharp dips should be used to invest with a trailing stop loss below $1230 for the end of April and a price target over $1410. The reason for the above cautious view (despite being very bullish on gold even at the current price of $129...Read More
Edmonton, January 18, 2019 - Camino Minerals Corp. (TSXV: COR) (OTCQB: CAMZF) (WKN: A116E1) ("Camino" or the "Company") has completed an extensive surface exploration program within the Diva trend at the 20,000 hectare Chapitos Copper-Gold project, near Chala, Southern Peru.As reported on November 22, 2018, Camino has conducted intensified surface exploration at the Chapitos project. Results fro...Read More
CRANBROOK, BC /ACCESSWIRE / January 17, 2019 / Taiga Gold Corp (CSE:"TGC") ("Taiga") has received notice from SGO Mining Inc., a wholly-owned subsidiary of SSR Mining Inc.("SSRM") (TSX:SSRM) (NASDAQ:SSRM) that it has commenced a winter drilling program on the Fisher Property, owned 100% by Taiga and under option to SSRM. Winter drilling will consist of a minimum of 8,000m using two rigs and will...Read More
Global ferrous scrap prices moved in varying directions during the working week from Monday January 14 to Friday January 18, with Turkish and Asian import prices going opposite ways.Turkish scrap import prices inched upward due to higher offer prices, while prices in Vietnam continued to weaken due to limited interest and trading. Taiwanese and Indian import prices were stable over the week.Turkey...Read More
All three major U.S. benchmarks are pacing for a fourth straight weekly winDow Jones Industrial Average (DJI) futures are pointing to a strong finish to the week, trading more than 100 points above fair value. The bullish bias is being driven by growing hopes for a U.S.-China trade deal, despite a lack of clarity on whether the U.S. is considering reducing tariffs on China. Earnings from American...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
Sentiment in the export billet market in the Commonwealth of Independent States (CIS) started to improve through the week ended Friday January 18, with mills turning more bullish amid reduced availability of February-rolling material.Some producers had sold significant volumes of billet in the preceding weeks, while some others were not officially offering any material.With less material available...Read More
Indian domestic secondary billet prices fell in the week ended Friday January 18, mainly on account of weakness in the prices of finished products such as rebar.The Indian domestic secondary billet price was assessed by Fastmarkets on Friday at 30,900-31,100 rupees ($435-437) per tonne ex-mill. This was down by 200 rupees ($3) per tonne compared with 31,100-31,300 rupees per tonne last weekend."Bi...Read More
Prices in the base metals complex consolidated higher at the close of trade on Friday January 18 amid continued optimism about trade talks between the United States and China, and increased bullish sentiment overall.The London Metal Exchange 3-month nickel contract closed in Friday trading at $11,820 per tonne, and was the day's biggest mover, up by 1.9% from Thursday's closing price.Nickel was tr...Read More
The precious metal remains on the defensive near $1,283/oz. The better tone around the greenback keeps weighing on Gold. US Industrial Production, U-Mich index next of relevance. The ounce troy of the yellow metal is extending the weekly downside and is now navigating new multi-day lows in the $1,283 area. Gold looks to data, USD The recent better tone in the greenback coupled with the important...Read More
CNBC's Jim Cramer gets Kirkland Lake Gold President and CEO Tony Makuch's take on recent, high-profile deals in the gold market.Makuch, whose company was formed by a merger of three gold producers, says larger players that are combining forces are "on the right track."Elizabeth Gurdus| @lizzygurdusPublished6:22PM ET Thu, 17 Jan 2019Updated 6:51PM ET Thu, 17 Jan 2019CNBC.com show chapters Gold m...Read More
Published 20 Hours AgoUpdated5 Hours AgoReuters Umit Bektas | ReutersGold slipped to the lowest in more than a week on Friday as hopes of a thaw in the U.S.-China trade dispute perked up stock markets, while palladium held above $1,400 on a supply crunch.Spot gold was down 0.68 percent to $1,282.57 per ounce. U.S. gold futures settled down $9.70 at $1,82.60 per ounce."Rising risk appetite among m...Read More
The United States is running an unusually high federal deficit of 4% of GDP, projected to soon increase to 5% of GDP, during a bull market and economic expansion.Ten-year treasury yields recently dropped from over 3.2% to under 2.7%; I'm taking my profits and moving most of my bonds to cash-equivalents and ultra short-term bonds.While my portfolio remains highly diversified, I prefer cash-equi...Read More
Gold's 50-day moving average (MA) crossed the 200-day MA from below earlier this week, confirming the golden crossover - a long-term bullish indicator. So far, however, the golden crossover hasn't impressed the bulls. The yellow metal continues to trade in a narrowing price above $1,20. More importantly, a break above $1,300 will likely remain elusive, as the golden crossover is the result...Read More
Import prices for stainless steel in Asia appear to have stabilized after a six-month slump thanks to an uptick in demand, a recovery in the nickel market and a potential drop in Indonesian supply. These seem to have put an end to the region's heated price war, sources told Fastmarkets MB on Wednesday January 16.Prices for 304 stainless cold-rolled coil and hot-rolled coil began to decline in earl...Read More
Prices in the base metals complex consolidated higher at the close of trade on Friday January 18 amid continued optimism about trade talks between the United States and China, and increased bullish sentiment overall.The London Metal Exchange 3-month nickel contract closed in Friday trading at $11,820 per tonne, and was the day's biggest mover, up by 1.9% from Thursday's closing price.Nickel was tr...Read More
The Comex copper price continued to move higher on Friday January 18 ahead of the US public holiday amid a short-covering rally. There is a public holiday in the United States for Martin Luther King Jr day on Monday. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.60 cents to $2.6960 per lb on Friday. "A short-covering rally in LME copper se...Read More
Copper, zinc and lead stocks on the Shanghai Futures Exchange were up week on week on Friday January 18 in a quiet trading week in China, while aluminum, nickel and tin stocks fell. Deliverable zinc stocks at SHFE-approved warehouses rose by 9.25% or 2,492 tonnes to 29,434 tonnes in the week to Friday. Shanggang Logistic had 3,495 tonnes of zinc delivered into its warehouse, an increase of 300% or...Read More
Markets went into a tailspin in the second half of 2018. File image.Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018 and is lik...Read More