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
Condor Gold (LON:CNR) has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.The America and Mestiza pits are located about 2km and 4km, respectively, from La India's processing plant and complement the main open pit.Mining the satellite feeder pits could increase La Indi...Read More
Crude oil bulls are attempting a comeback early in the week. Can they pull a rabbit out of their hats? Carefully examining the situation, we have the answer to that question. It's great to share the rich details. In the format you are used to - on time and highly actionable.Let's take a closer look at the chart below (chart courtesy of http://stockcharts.com).Yesterday, the rising green support li...Read More
Ferro-chrome prices are likely to be supported in the near to medium term by concerns over South Africa's power constraints, market sources believe.South Africa's state-owned power utility Eskom implemented load shedding - controlled power outages that aim to reduce strain on the country's system - in February.The resulting blackouts had minimal impact on prices but did affect ferro-chrome product...Read More
Reported progress on the trade talks was generally not helpful for most commodities last week, with the agricultural sector surprisingly under increased pressure. Supply cuts continue to support oil prices, while safe havens under-performed. Precious metals GOLD slid to the lowest since January 25 yesterday amid heightened speculation that the US and China were edging ever closer to a trade...Read More
We have a clear weekly swing high.We also have a failed daily cycle.We are heading into week 29 this week in gold's intermediate cycle.Considering the length of the cycle (and the length of the previous one), the odds are high that an intermediate decline has begun.In the precious metal sector, we remain long the SPDR Gold Trust ETF (GLD) and hope to add to our metals exposure at the next inte...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 5.Please click...Read More
Nickel's three-month price on the London Metal Exchange was up by just under 3% at the close of trading on Tuesday March 5, with bullish sentiment emerging from robust fundamentals, while trade optimism continues to boost risk-appetite amid broad strength in the US dollar index.The metal's three-month price has been the standout commodity across the complex, with its price action climbing over 5%...Read More
More signs of a US-China deal boosted risk appetite initially on Monday but yesterday's pullback in indices (biggest in 4 weeks) underscores our belief that a deal is priced in. Gold is down 2% so far this month (it's only the 3rd trading day of the month), and it's the worst monthly performance since July (more on gold's notable notable monthly seasonals below). Data watcher...Read More
The price of copper on the Comex exchange in the United States bounced back in morning trading on Tuesday March 5, with continued optimism about the outcome of international trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.05 cents to $2.9295 per lb.Continued optimism about US-China trade talks has improved risk sentiment acro...Read More
Canada's Columbus Gold (CGT: TSX) announced this week that its President & COO, Rock Lefran??ois, was promoted to President & CEO.Lefran??ois was the company's Chief Operating Officer for six years and in 2018 assumed the role of President. His focus has been on increasing Columbus' presence in French Guiana with the idea of tapping into the resources of an underexplored segment of the Gui...Read More
The fundamentals for gold are strong, but the fundamentals for silver are even stronger. Here are several reasons why silver is set to shine...Daniel Ameduri interviewed on SBTVSBTV welcomes Daniel Ameduri, Co-Founder of Future Money Trends and Crush The Street, back as we discussed future Fed rate hikes, the state of US debt, outlook for gold and silver and mining stocks.Discussed in this intervi...Read More
Powell’s testimony before the Congress is behind us. The ECB meeting is ahead of us. Will Draghi support the gold prices after recent declines? Gold Falls Below $1,300 Gold bulls might be disappointed. The upward trend apparently ended. As one can see in the chart below, gold fell below $1,300 on Friday. Chart 1: Gold prices from March 1 to March 4, 2019 The decline surprised many people. H...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold prices slipped on Tuesday to their lowest in more than five weeks as the dollar rose on stronger than expected economic data and rising U.S. Treasury yields, while global equities held near five-month highs.Spot gold was unchanged at $1,286.50 per ounce at 1:56 p.m. EST. U.S. gold futures settled $2.80 lower at $1,284.70 per ounce....Read More
Gold spot ($) Key resistance at 1292.50. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1292.50 Our preference Short positions below 1292.50 with targets at 1282.50 & 1276.50 in extension. Alternative scenarioAbove 1292.50 look for further upside with 1297.00 & 1304.00 as targets. Comment The RSI is mixed and calls f...Read More
Gold's decline is necessary preparation for next phase of the recovery.Improving China, copper outlooks support gold's longer-term uptrend.Sellers are in control of gold's short-term trend for now, however.Gold's broke a psychologically important trend line last week, announcing the commencement of its first real "correction" since November. The resulting flurry of commentaries on gold...Read More
The Explorer Challenge is on for explorationists from around the world to find new targets at the Mount Woods tenements of the Prominent Hill copper-gold project.This is a crowdsourced challenge offered by OZ Minerals to peruse over two terabytes of their project data and pinpoint the most promising drill targets. The contest runs until the end of May 2019 with the top targets to be drilled later...Read More
Toronto-based junior Euro Sun Mining's (TSX: ESM) stock jumped over 20% on Tuesday after the company announced a non-brokered private placement financing of up to 10m units for gross proceeds of up to C$3 million.Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of C$0.50 for a period of 24 months from issuance.The Rovina Valley Project...Read More
With the global race to secure lithium heating up in 2016, Chile's president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world's lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.Chile's most trusted public enterprise, she said, could hunt for private partners to help it mine its own lithium for the good of a...Read More
Anglo American's (LON: AAL) annual report, released this week takes great pains to set out the London-listed mining giant's policies around director's responsibilities and incentives.After an outcry over a generous long-term incentive program (LTIP) for executives in the form of stock grants in 2016, Anglo overhauled its policies.At the time, the company, with roots going back more than a hundred...Read More
Turkish steel producers continued to book deep-sea scrap cargoes for April shipments due to low stock levels, with prices continuing to nudge up, sources said on Tuesday March 5.A steel mill in Northern Turkey booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), a 10,000-tonne mixture of HMS and plate & structural (P&S) scrap, and 5,000 tonnes of new cuttings at an....Read More