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
The explorer/developer is drilling six projects. Allegiant Project MapAllegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release that the company is drilling on the Red Hills project, completed drilling at the North Brown project, and has received all the assay results for Hughes Canyon. The drilling at Hughes Canyon consisted of 12 rotary holes over 2,139 meters. Results show tha...Read More
Results continue to become available from this gold company's 2018 exploration program. Victoria Gold Corp. (VIT:TSX.V) reported in a news release the findings from its 2018 surface trench testing in the Nugget zone of the Dublin Gulch project in the Yukon. That program involved building, mapping and sampling 13 trenches over 1,363 meters (1,363m), with more than 500 of those meters targeting Ra...Read More
Sector expert Michael Ballanger reflects on financial forces and their effect on precious metals markets since the first of the year. The Trump-Mnuchin-Powell "directive," which engaged the Working Group on Financial Markets during the last weekend before Christmas 2018, has worked both beautifully and criminally as the term "moral hazard" has crept back into the mainstream dialogue. Once again,...Read More
Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-2...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had...Read More
Import prices for steel slab in Southeast Asia and East Asia softened again over the past week amid lower offers and persistently soft demand.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $415-430 per tonne cfr on Monday January 21, down $5 per tonne from a week earlier.Transactions were heard concluded for two Asia-origin cargoes at $425 per tonne cf...Read More
The domestic ferro-silicon market in China recovered over the past week in line with tighter supply of the alloy. In Europe, ferro-silicon prices fell to lows last seen in August 2017 after suppliers reduced their offer levels to stimulate business in a slow spot market. Chinese domestic market bounces as supply tightens but production restarts may hamper recoveryEuropean market seen stabilizing i...Read More
A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore. UG2 chrome ore climbs by $1 Domestic spot ferro-chrome prices holds in China; flat February tenders predicted Alloy prices soften in South Korea but unchan...Read More
* FTSE 100 down 1 pct; FTSE 250 down 0.4 pct * UBS results weighs on financials * Oil majors, miners among major blue-chip drags * easyJet climbs to outperform main index * Mid-cap IG Group sinks after trading update * Pets at Home posts best day ever (Adds company news items, analyst comment, updates to closingprices)By Shashwat AwasthiJan 22 (Reuters) - Britain's FTSE 100 posted its worst dayin...Read More
Signs China's economy is slowing got the bearish ball rollingThe Dow dropped triple digits out of the gate on signs of a slowing global economy. Disappointing housing data here at home and sinking oil prices only added to the risk-off backdrop, with panic-selling setting in on mid-afternoon headlines indicating the U.S. has turned down China's offer to meet ahead of next week's high-level trade ta...Read More
Aggressive bidding and lower offer prices weighed on manganese ore prices in China, where inventories also fell sharply in the week ended Friday January 18. Manganese ore prices in China continue to fall Manganese ore stocks in China slump Ferro-manganese prices in Europe, China drop Silico-manganese price fob India falls Alloy prices stable in United States The manganese...Read More
LONDON, 16 January 2019 - Comment and data from BullionVault today features as a corrective to claims of surging gold demand among private investors from specialist finance title International Adviser.Agreeing with another UK dealer that reports of a surge in demand are overblown, Adrian Ash, director of research at BullionVault says that "Selling continues to outweight demand, with profit-taking...Read More
Another technical bear signal just flashed for the broadcasting concernThings have not been looking good for DISH Network Corp (NASDAQ:DISH) stock of late. Although the broadcasting name has bounced since hitting a seven-year low of $23.22 on Dec. 27, it's historically been one of the worst stocks to own during Martin Luther King Jr. Day week in the past 10 years, averaging a loss of nearly 3%....Read More
(Adds details on Huawei extradition, graphic, U.S. futures) * European shares follow Asia lower, UBS results disappoint * U.S. futures down after Wall Street was closed on Monday * Brexit plans remain uncertain but UK employment datastrong * IMF downgrades world growth forecasts again * Asian stock markets: By Marc JonesLONDON, Jan 22 (Reuters) - Pessimism about global growthdrove down world share...Read More
LONDON, 14 January 2019 - BullionVault's latest Gold Investor Index is cited today by global news and data agency Bloomberg in a report on private-investor gold demand.While the UK's Royal Mint says its sales revenue in January rose 73% from a year earlier, "brokerage BullionVault reported a drop in its Gold Investor Index," says Bloomberg.With the Mint saying its upturn is "no doubt largely attri...Read More
EDIT is near the bottom of the Nasdaq, tooStocks are sinking to start off the holiday-abbreviated week. Among the names struggling are metals specialist Arconic Inc (NYSE:ARNC), gene editing stock Editas Medicine Inc (NASDAQ:EDIT), and weed stock Tilray Inc (NASDAQ:TLRY). Below, we'll take a look at what's moving the shares of ARNC, EDIT, and TLRY.ARNC Plummets After Ditched SaleThis morning, A...Read More
LONDON, 13 January 2019 - Data from BullionVault features today in a report on how savers should spread their risk across different investments from top-ranked UK personal finance site ThisIsMoney.Part of the Daily Mail group, and one of the UK's top 1,000 websites, the personal finance site says "Anyone building long-term wealth must diversify their assets, combining risky investments with cash."...Read More
LONDON, 13 January 2019 - Comment from BullionVault features today in a short note on tech giant Microsoft's MSN news pages about the new 2019 gold coins launched by the Royal Mint.Republishing an article from top-selling UK mid-market tabloid the Mail on Sunday, MSN says that the 2019 edition of the Sovereign gold coin - first minted with artist Benedetto Pistrucci's engraving of St.George defeat...Read More
There's also bearish activity in the options pits todayUnited States Steel Corporation (NYSE:X) is slated to report earnings after the market closes next Wednesday, Jan. 30, and brokerage Jefferies is expecting the company's numbers to disappoint. The firm lowered its opinion on X shares to "hold" and cut its price target to $24 from $27, saying flat steel margins have been under pressure, which c...Read More
LONDON, 7 January 2019 - Comment and analysis from BullionVault features today in a detailed report on the case for buying gold in 2019 from UK personal finance magazine Money Observer."The physical security that gold offers means it cannot be devalued," the magazine's online article quotes Adrian Ash, director of research at BullionVault. "It is a rare, physical, tangible asset."Gold is [also] de...Read More