Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") has entered into a consulting agreement with iCap Ventures Inc. for services related to financial and operational analysis, the review of strategic opportunities, the examination of sources of financing and recommendations related to future capital requirements, and general guidance to the company's...Read More
By: IRA EPSTEINGold breaks the downtrend, stalls at 18-DMA..Read More
By: RambusIn part two of the Quarterly Report I'm going to update some long term charts for some of the world stock markets. As you will see many have formed massive ten plus year consolidation patterns similar of what we observed in the first installment of the Quarterly Report which are similar in duration to many of the US stock markets. It's these big multi year consolidation patterns that a...Read More
Considering the dour outlook for Q1 earnings, the stock market's exuberant run-up over the last month feels like Tennyson's Charge of the Light Brigade: "Into the valley of Death rode the 600...' And yet, we know from watching the shares of Boeing, Apple (see chart inset) and Facebook go vertical into a steady stream of negative news concerning each that Wall Street's '600' really don't give...Read More
Trump is now threatening European Union with new trade tariffs. The move is just to support Boeing as its rival Airbus is getting more orders after a Boeing latest plane crashes. A steady decline and decay in the USA-European Union relation is happening as a result of Trump's bully attitude. Gold will rise. European Union will also reduce dependence on American exports and diversify as a counter...Read More
The Turkish steel mills continued to show minimal interest in deep-sea scrap purchasing on Tuesday April 9, with only one transaction heard so far this week, sources said.Some market participants had expected the mills to resume their deep-sea purchases at the recent International Rebar Producers & Exporters Association conference (Irepas 80), which took place in Barcelona on April 7-9.A...Read More
Stornoway Diamond's Renard diamond mine in north-central Quebec. Source: Stornoway Diamond Corp.Stornoway Diamond Corp. [SWY-TSX; SWYDF-OTC] on Tuesday April 9 said it has decided to suspend open pit operations at its Renard Mine located about 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Quebec, which will reduce operat...Read More
The Marimaca Project in northern Chile. Source: Coro Mining Corp.Coro Mining Corp. [COP-TSX] shares were active Tuesday April 9 after the company released an update from its Marimaca copper project in Chile and said it has appointed a new chief financial officer to replace Armando Veliz.Coro shares advanced on the news, rising 5% or $0.005 to 10.5 cents on volume of 886,600. The shares trade in...Read More
Gold futures settled back above $1,300 an ounce on Monday for the first time in over a week, as a slump in the dollar helped the haven metal to rebound from a loss last week, and investors turned cautious ahead of the launch of a new earnings season for American corporations. "Naturally, a weaker U.S. dollar index is a tailwind for gold," said Michael Armbruster, managing partner at Altavest. The...Read More
The Tuesday Market Minute Global stocks mixed as investors brace for a host of event risks later this week, including a key ECB meeting tomorrow in Frankfurt, Fed minutes from Washington and an EU leader's summit in Brussels.The IMF will issue its World Economic Update later today in Washington, with analysts expecting notable downgrades for global growth amid uncertainty on trade and rising geo...Read More
Freeport-McMoRan is moving ahead at "full throttle" with plans to develop a new smelter in Indonesia in partnership with state-owned PT Indonesia Asahan Aluminium (PT Inalum), the chief executive officer of the US copper producer said.The smelter is part of a package agreed by the company and the government, ending several years of negotiations over the fate of Freeport's activities in Indonesia,...Read More
The London Metal Exchange three-month base metals prices are generally subdued this morning, averaging up 0.2% while trading volume is considerably lower at 5,790 lots as of 06:23am London time on Tuesday April 9. While the United States and China trade negotiations are grinding closer to a positive conclusion, the Trump administration is considering imposing additional tariffs of $11 billion wort...Read More
Paramount Gold Nevada Corp. (NYSE American: PZG) owns 100% of the Grassy Mountain Gold Project, which consists of approximately 11,000 acres, located on private and BLM land in Malheur County, Oregon. The project contains a gold-silver deposit (100% located on private land) for which results of a positive PFS have been released in 2018 and key permitting milestones accomplished. At PDAC2019, we le...Read More
* Dollar dips to lowest in more than a week * China, Turkey raise gold holdings * SPDR gold holdings drop for 6th straight session * Platinum hovers below 10-month peak hit on Monday (Updates prices)By Sumita LayekApril 9 (Reuters) - Gold rose on Tuesday to its highest inmore than a week, supported by a retreating dollar and increasedbuying by central banks.Spot gold was up 0.6 percent at $1,304.3...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday April 9 that are worth another look.Among the key talking points across the battery raw materials markets ahead of Fastmarkets' second annual Battery Materials Conference this week in Shanghai include the outlook for China's cobalt metal imports, cobalt hedging appetites, whether a shift to nickel-rich cathode chemistr...Read More
Ray Dalio is billed as the world's greatest hedge fund manager. At least that is what they said when he was on 60 Minutes Sunday night touting his book Principles.On the program, he talked about the wealth gap, the pending social revolution, and his personal guilt at being so rich without actually earning it...His main point was that there is a lack of opportunity for poor people to move into the...Read More
Chile's copper and lithium reserves will be in high demand for development by both domestic and international companies as a result of the ongoing push toward electro-mobilty, according to the country's Minister for Mining.Baldo Prokurica noted that Chile is the world's largest producer of copper and the world's second-largest producer of lithium, both key raw materials for electric vehicle (EV) b...Read More
Key talking points across the battery raw materials markets ahead of Fastmarkets' second annual Battery Materials Conference, taking place this week in Shanghai, China. Will China's cobalt metal imports pick up significantly in 2019? When global cobalt metal prices bottomed out in late March and made a quick turnaround at the beginning of April, some Chinese traders and consumers resumed their app...Read More
High Liner Foods is the most shorted stock on the TSX based on IIROC and INK data. Shorts added to their positions as the stock rallied 11.8% since March 15th. However, their bets may still pay off. Based on INK signals, the stock appears at risk of a bearish set up based on a combination of relatively large short-selling and average insider commitment. Top 10 Canadian Stocks Shorted as of March...Read More
Prices for imported steel billet in the United Arab Emirates increased this week in the latest deals heard, while rebar prices remained stable, sources told Fastmarkets on Tuesday April 9.Domestic rebarLocal rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain weak because the Islamic holy month of Ramadan starts early in that month.Observance o...Read More