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
Background image: Talison LithiumAs expansion programs at South American brine operations slow down, the bulk of new lithium capacity is coming from hard rock mines.While demand growth continues to accelerate the supply response has been dramatic. Last year saw four new spodumene operations enter the market and while concentrate (6% free on board Australia) traded either side of $900 a tonne for...Read More
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced that Rob Atkinson will succeed Tom Palmer as Executive Vice President and Chief Operating Officer, effective June 1, 2019. Tom Palmer, currently President and Chief Operating Officer, will remain President until he succeeds Gary Goldberg to become President and Chief Executive Officer. Last month, Newmont announced tha...Read More
Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Monday its foreign subsidiary Cairn India Holdings' $200 million investment in Anglo American (LON:AAL) met all governance requirements.The company, India's largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided "significantly h...Read More
by Morris HubbarttFebruary 5, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video AnalysisSF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com a...Read More
After surging to its highest price since May 2018, gold has pulled back sharply in recent days because of renewed optimism for the global economic outlook and for stocks. This doesn't mean that the gold bull market is over, with a range of indicators, key being growing economic and geopolitical uncertainty, pointing to firmer gold during 2019. That will act as a powerful tailwind for many gold sto...Read More
Let's go over some stocks that were still trading on the TSX index with low multiples just a few months ago and see whether they're still bargains. A combination of gold and energy stocks, this trio would have made a sound addition to a portfolio with their previous valuations. However, as we return to them today, we'll see that the economic landscape has shifted quite dramatically since then, ske...Read More
Last year was disappointing, but the Silver Institute is predicting a "more supportive" climate for silver this year. Sales of the US Mint's American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.The demand for physical silver investment should grow by 5%.On the dem...Read More
I used to be a much more flexible investor than I am nowadays.I would invest in anything as long as I thought it was undervalued. I cared more about my so-called "margin of safety" versus the quality of the business. If I could buy assets for 50% less than what I thought they were worth, I was all over it.But after some lackluster results, I changed my habits. I now focus on the best companies I c...Read More
On Sunday, National Security Adviser John Bolton made clear that the Trump administration is prepared to take military action should Venezuela's embattled president, Nicol??s Maduro, cross a proverbial red line."Any violence and intimidation against U.S. diplomatic personnel, Venezuela's democratic leader, Juan Guaid??, or the National Assembly itself would represent a grave assault on the rule of...Read More
South Africa-based Gold Fields has announced plans to build one of the world's largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more than 20,000 solar panels. Backup will be provided by a 2 MWh/1 MWh battery system.Gold Fields has contracted Aggreko, a mobile and modular power company, to design, build and operat...Read More
In a well-diversified portfolio, investors should hold some gold stocks, as these stocks act as a buffer with little correlation to the rest of the market. They rally when the U.S. dollar weakens, when there is a lot of uncertainty in the market, and when investors are looking for a "safe haven" in their portfolios.Strong U.S. economic data, a strong US dollar, and a return of investor optimism ha...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
Gold has pulled back sharply in recent days after hitting an 11-month high of over US$1,323 an ounce. While this has sparked some concern that gold will weaken further, there is every indication that 2019 will be a strong year for the precious metal. Many pundits believe that it has once again entered a bull market and could rise to US$1,350 per ounce or even higher. That positive outlook will b...Read More
The outlook for silver remains poor with weak fundamentals, including declining industrial consumption and an emerging supply glut weighing on its price. While silver has gained 2% since the start of 2019 to trade at US$15.74 an ounce, many producing primary silver miners have lagged, with some, including First Majestic Silver, losing over 4%. Regardless of larger silver miners with operational as...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
Goldman Sachs Inc. (GS) executives are discussing making cuts to its commodities trading desk, once one of the investment bank's largest sources of revenue, according to a Wall Street Journal report Tuesday. Goldman will execute the cuts after a months-long review process that revealed the division burned through too much capital for too little profit. The cuts to the commodities des...Read More
Gold rallied sharply in recent weeks to be up by 3% since the start of 2019 and to trade over the psychologically important US$1,300-an-ounce mark. There are signs that gold is heading higher in coming months because of rising economic and geopolitical uncertainty. Many analysts believe that the yellow metal has entered a new bull market and will reach US$1,350 per ounce before the end of the year...Read More
by Morris HubbarttFebruary 5, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video AnalysisSF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com a...Read More
Simon Moores, managing director, Benchmark Mineral Intelligence. Image from LinkedInIt was encouraging for miners when Simon Moores, managing director, Benchmark Mineral Intelligence, testified before the U.S. Senate Committee on Energy and Natural Resources on Tuesday.Moores was summoned by the Senate Committee to testify on the lithium, cobalt, nickel and graphite supply chains for energy storag...Read More
After a fatal attack on its employees in late September 2018 Colombian gold miner Continental Gold Inc.'s (TSX:CNL) market value collapsed. This saw its stock fall from 2018 highs of over $4 per share to a two-year low of $1.76 per share. Since then, Continental Gold's price languished below $2 a share until Tuesday of last week, when its value surged to well over $2 and gaining 26% in less than a...Read More