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
Detour Gold Corp. has provided guidance for this year. The numbers are in line with the Detour Lake project's life of mine plan released in June 2018.Gold production for the full year will be between 570,000 and 605,000 oz. That means that 115 million tonnes of ore and waste will be mined from the Detour Lake pit in 2019.Mill throughput will be from 21.5 million to 22.0 million tonnes in 2019 at a...Read More
White House economic advisor Kevin Hassett says U.S. GDP growth in the first quarter could be zero due to the government shutdown.In recent decades, GDP growth in the first quarter has been notably weaker than growth in other quarters.The federal government shutdown is in its 33rd day, with little sign of relief for the roughly 800,000 federal workers going without pay.Thomas Franck| @tomwfranckPu...Read More
Goldsource Mines has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's surface foot print is 500...Read More
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend. Go back two to three years. You'll see lo...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose after solid earnings from several bellwethers helped to allay growth worries.International Business Machines Corp. (IBM) jumped 8.46% after the technology giant posted adjusted fourth-quarter earnings that beat estimates and issued an outlook for the year that was higher than forecasts.Procter &a...Read More
Greenland Minerals Ltd (ASX:GGG) largest shareholder Shenghe Resources Holding Co Ltd has formed a joint venture (JV) company with subsidiaries of China National Nuclear Corporation (CNNC).Shenghe will hold 45% of the JV company China Nuclear Sheng Mining Ltd which will be the designated agent for Shenghe for the import, export and trading of rare earth materials that carry radionuclides.Participa...Read More
Delays began to form at the London Metal Exchange's warrant depository this week after large amounts of warrants were being cancelled, sources told Fastmarkets MB.There were delays of up to five hours at the depository on Tuesday January 22, market sources said. As a result, the LME closed the depository early due to a backlog and stopped accepting further cancellations, a second source said.The L...Read More
A recent review of gold mining stocks by The MoneyLetter turned up three analyst reports with recommendations ranging from 'speculative buy' to 'buy' to 'outperformer'.The MoneyLetter recently surveyed security analyst reports and found three gold mining stocks to buy.PI Financial on Troilus GoldGold and copper mining stock Troilus Gold Corp. (TSX-TLG) is "piecing together positive exploration res...Read More
Zinc futures on the London Metal Exchange led gains at the close of trading on Wednesday January 23 with its three-month price continuing to trade above $2,600 per tonne, while the rest of the complex trends higher against a softer dollar index. After a fresh cancelation of more than 22,000 tonnes resulted in most of European LME zinc's stock - principally held in LME-listed warehouses in Rotterda...Read More
Tin premiums in Europe, the United States and China remained flat in the week beginning Monday January 21, amid continued uncertainty about delays to exports from Indonesia, while a lack of spot market activity, higher prices and a wide backwardation continued to deter investment in the tin sector. European tin participants' concerns mountUS markets beginning to feel supply pinchChina quiet ahead...Read More
China's imported volumes of copper scrap in 2018 went down by almost one-third from the year before, following the implementation of various scrap import barriers and a tariff on material from major supplier the United States.More copper concentrate was shipped to the country in 2018 compared with 2017, however.The quantity of Chinese copper scrap imports fell by 32.2% year-on-year to 2.4 million...Read More
Former BHP Billiton director John Crofts has joined Ocean Partners in Australia to help develop new opportunities in the base and precious metals concentrate market, Fastmarkets learned on Wednesday January 23.Crofts, who will be based in Melbourne, will focus on the regions of Australia and Southeast Asia.He worked at BHP Billiton for 23 years until June 2010, when he joined copper and gold...Read More
Vitol has wound down its alumina trading operations following the departure of head trader Philip Blanchard, it said.Blanchard, who was based in London, became head trader for the Switzerland-based energy and commodities firm's alumina book in 2016 following the departure of Roger Pillai.Blanchard has not been replaced at Vitol; the company said it will focus on energy and related products an...Read More
Eddie Sugar had come a long way from running orders directly for Brent Potts at Potts West Trumbull in Bond Street in the 1980s to his seat in a senior executive position at Jefferies & Co, one ofRead More
An overview of the minor metals markets and the reasons for any price moves.Read More
Gold prices ended slightly higher on Wednesday as weakness in the leading dollar index offered support, but some strength in U.S. equities kept a lid on gains for the precious metal. A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has also contributed to recent gains for the haven metal. Gold for February delivery on Comex GCG9, -0.10% rose...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce Mr. Raymond J. Roman has been appointed to the Board of Advisors.Mr. Roman's operational and managerial experience has spanned over 30 years, with various senior executive positions expanding his proficiency in wireless telecommunications and technology in the United States.Cu...Read More
Deep-sea scrap import prices into Turkey remained firm on Wednesday January 23, with suppliers trying to raise their offers to mills which are trying to replenish their depleted stocks, sources told Fastmarkets.A deep-sea cargo from late last week came to light on Wednesday, indicating a minimum price of $290 per tonne cfr for United States-origin HMS 1&2 (80:20).A steel mill in the Iskenderun reg...Read More
CloseGain/LossGold $1283.00-$1.60Silver$15.36+$0.03XAU68.86+0.18%HUI151.86-0.22%GDM573.37+0.13%JSE Gold1350.79+8.99USD96.12-0.24Euro113.83+0.20Yen91.47-0.18Oil$52.62-$0.3910-Year2.746%+0.007T-Bond145.00-0.40625Dow24575.62+0.70%Nasdaq7025.77+0.08%S&P2638.70+0.22% The Metals: Gold edged up to $1286.50 in Asia before it dropped back to $1278.70 in early New York trade and then bounced back to...Read More
- David Attenborough warns Davos summit - 'The Garden of Eden is no more'- "If we wreck the natural world, we wreck ourselves" warns Attenborough- If we destroy our environment, it will badly impact our economies and markets- We must put the environment at the heart of our financial and monetary systems- "Future proof" our economies, our currencies, our finances & our pensions with gold- Hop...Read More