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
Jan 21, 2019 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming E.B. Tucker, director of Metalla Royalty & Streaming, is sticking to his $1,500 an ounce gold call. "Gold is a commodity, so you see these cycles that run in the commodity business. They go to highs, they go to lows, and everybody gets scared of the lows, and they get euphoric at the highs. We're definitely at a low, an...Read More
Gold surged sharply at the end of 2019, as growing unease over the outlook for the global economy and weaker data from China triggered a flight to safety among investors. Despite global stock markets bouncing back, there is every sign that gold will firm over coming months because of increasing economic and geopolitical uncertainty. There are also claims that the yellow metal has entered a new bul...Read More
BRITISH COLUMBIA - Wildsky Resources of Vancouver and Margaux Resources of Calgary have signed a letter of intent covering Wildsky's Cassiar gold project 105 km south of Watson Lake. Wildsky will grant Margaux an option to acquire all of the common shares of Cassiar Gold Corp., a subsidiary of Wildsky.Margaux will issue 58.2 million common shares to Wildsky at a deemed price of $0.08 per share for...Read More
Silver has followed its more expensive cousin gold higher in recent weeks, gaining 7% over the last month. The increasingly positive outlook for precious metals coupled with the gold-to-silver ratio requiring 84 ounces of silver to acquire a single ounce of gold has sparked claims that now is the time to bolster exposure to the white metal. Despite the claims of silver bugs, there are signs that s...Read More
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says."CIBC economists are not forecasting a recession in 2019, but we expect increasing trade barriers and tariffs to slow down global growth over the next 18 months, delaying our previously forecast...Read More
The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.In thin holiday trade in the US, copper for delivery in March slumped 1.6% compared to Friday's close to $2.7655 per pound ($5,897 a tonne) on the Comex market in New York wiping out the metal's gains for the year.Data rel...Read More
Since the legal cannabis market has yet to stabilize, growth investors may wish to buy stocks in more down-to-earth industries instead for the time being. The data for the following three stocks shows that there is considerable upside to be had in a range of industries - although overvaluation means that this selection may not be suitable for investors with an eye on low multiples.Canada Goose Hol...Read More
What happens when a geologist and an author whose chief interest is California's Silicon Valley get together to take a look at the United States' dependence on foreign supplies of critical minerals? The result is a long hard look at how our southern neighbour failed to take advantage of its mineral resources. Instead the authors say that the reliance on foreign supply has created a national securi...Read More
Jan 20, 2019 Guest(s): Vince Sorace President, CEO & Director, Kutcho Copper Supply-demand fundamentals swing in copper's favor, and everyone seems to agree, said Vince Sorace, CEO of Kutcho Copper. "There isn't a corporate or an analyst or a strategic that I've talked to in the last year that isn't on the same page with respect to, they see, a continuation with respect to demand, and that could...Read More
While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of bubbatrading.com. "I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it...Read More
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into gold are likely to persist and intensify. Both weaker stock markets and higher gold prices will continue to drive more investment...Read More
Getty ImagesOil production may slow in coming months due to low crude oil prices. The numbers: Industrial production rose 0.3% in December, the Federal Reserve reported Friday. The gain was in line with Wall Street expectations. This follows a 0.4% gain in November, revised down from the prior reading of a 0.6% increase. For the fourth quarter as a whole, production moved up at a 3.8% annual rate...Read More
Nobody would disagree that the economy is currently in good shape, and nobody would disagree that it's in the best shape it's been in for a long time. But there's one reason it is particularly susceptible to a shock that could trigger a recession. The economy has grown to close to 5% GDP growth this year, but achieving that growth rate has taken the U.S. a very long time during this painful...Read More
The base metals complex showed mixed results in afternoon trading on Monday January 21, with London Metal Exchange-three month prices for copper, aluminium and nickel failing to live up to last week's universal closing rally.The focus of the market remains on China's fourth-quarter data, which showed a further slowing of the economy at the end of 2018, with gross domestic product (GDP) growing by...Read More
Base metals on the London Metal Exchange complex consolidated in mixed morning trading on Monday 21 January, while market focus shifted to China's fourth-quarter data release.China's fourth-quarter GDP data was in line with expectations at 6.4%, down 0.1% from its previous recorded figure at 6.5%.''These numbers are basically in line with expectations, which were not optimistic,'' John Browning of...Read More
China produced 35.8 million tonnes of aluminium in 2018, up 7.4% year on year, according to data released by China's Statistics Bureau on Monday January 21, suggesting the annual winter production cuts did little to slow output in the country. Chinese output in December 2018 reached 3.05 million tonnes, marking an 11.3% increase from the same period of last year. Market producers said the only mod...Read More
Global stocks retreated Monday as investors reacted the weakest growth data from China in nearly thirty years and a downgrade to the world's economic forecast from the IMF. China's National Bureau of Statistics said fourth quarter GDP slowed to 6.4%, taking the full-year advance to 6.4%, down from 6.8% in 2017 and the slowest since 1990. Domestic demand and export growth have both suffered this...Read More
Commodities have reached a cyclical low and should be headed for higher prices in the years to come, this according to Jim Wyckoff, senior market analyst for Kitco News. "Raw commodities, in the past year or so, I believe has put in a longer-term cyclical low. That means in the coming years those raw commodity prices are going to work higher," Wyckoff said. Wyckoff said that next year should see...Read More
Anyone who denies that Governments and Central Banks manipulate the gold and silver markets using paper derivatives and deceptive physical metal custodial operations is ignorant of history and facts. Currently the gold and silver price capping is as oppressive as I've witnessed in 18 years.As of Tuesday, January 15th, the open interest in gold had soared by 89,120 contracts to 501,605. 89,120...Read More
And not just Australian companies but small-to-mid-tier miners domiciled elsewhere on the lookout for growth options.Read More