Swedish engineering group Sandvik reported a better than forecast quarterly order intake on Thursday and said demand remained strong across all its business areas, sending an upbeat signal for the Nordic industrial sector.Sandvik's metal-cutting tools are seen as a good indicator of industrial demand as they are shipped with short lead times to a wide range of customers in the engineering, automot...Read More
In a vital south Indian state that starts voting on Thursday, small upstart political parties are luring voters concerned about jobs, economic growth and pollution, threatening to upend Prime Minister Narendra Modi's election strategy in this key region.In Tamil Nadu, a small breakaway group, called Amma Makkal Munnettra Kazagam, is attempting to make inroads in one district by promising to shutte...Read More
Vancouver-based Ximen Mining (TSX-V: XIM) announced that it is significantly expanding its precious metals exploration efforts in 2019, with programs underway and being scheduled on multiple properties.In a press release, Ximen said that when it comes to its flagship Brett property near Vernon, British Columbia, management plans to file a permit application to extend the historic mine drift along...Read More
Unexpectedly strong Chinese economic data gave mining stocks a boost this week, while analysts continued to advocate for junior gold companies despite a reverse for the yellow metal. Figures showing that China’s economy continued to expand at breakneck pace in the first quarter despite its trade war with the US came as analysts at Barclays Bank produced a particularly bullish report...Read More
The marijuana stock playing field is uneven and constantly shifting, making the hunt for upside a full-time job in itself. For the casual mid- to long-term investor, selecting cannabis stocks on the TSX index for their momentum can be no mean feat, with some investors simply choosing to follow the herd. Let's see whether investors in one big green ticker should stay invested.Aphria (TSX:APHA)(NYSE...Read More
Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year.The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries, says among all meta...Read More
Despite a widely held view that gold should be trading north of $1,400 this year, since the February peak well short of that target, prices have gone in the other direction.Gold mining stocks have fared slightly better after a flurry of mergers and acquisitions at the top end rekindled interest in the sector despite the lacklustre performance of the metal and all those burnt fingers from the M&A f...Read More
While all eyes are on the U.S. and China negotiating a trade deal, it's become apparent that China has been busy making some other deals.China has been on a gold-buying spree, evident from a large expansion of its gold reserves for the fourth month in a row.The People's Bank of China raised its reserves by 11.2 tons in March. That is on top of 9.95 tons in February, 11.8 tons in January, and 9.95...Read More
Apr 19, 2019 Guest(s): Jim Rickards Best-selling Author Best-selling author Jim Rickards has shown how an investor saving for retirement could do better holding gold than stocks, and in his new book, "Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos," he outlines how gold is integral to his investment strategy. In Rickard's study, two fictitious investors began saving with the...Read More
Peninsula Energy Ltd (ASX:PEN) has a new substantial shareholder in Sydney-based Paradice Investment Management Pty Ltd with a 9.71% stake.Paradice attained this status on April 12, 2019, and holds 24 million securities in the US uranium producer.The transaction was valued at almost $6.5 million.Investment valued at $6.72 millionAt Peninsula's current share price of 28 cents, Paradice's investment...Read More
Copper and tin were the only base metals on the Shanghai Futures Exchange to dip during morning trading on Friday April 19, depressed by a strong dollar, while the rest of the complex saw limited gains.The most-traded June copper price dipped to 49,390 yuan ($7,367.80) per tonne as at 10:51am Shanghai time, down by 110 yuan, or 0.22%, compared with the previous day's close. The dollar in...Read More
Bob Moriarty ArchivesApr 19, 2019In my latest book I try to make the point that at resource stock market lows, you can’t give shares away. That is all by itself a great indicator of where we stand in the cycle. We are now easing into the weakest seasonal period of the year for gold and silver and many companies are selling near their yearly lows.Gold and silver seem to have bottomed in late...Read More
Adam HamiltonArchivesApr 19, 2019 The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold's latest upleg, since there's no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-yea...Read More
Gold ended modestly lower Thursday to post a fourth weekly loss in a row, with a jump in U.S. retail figures providing support for the dollar, dulling the appeal of the precious metal. On Thursday, gold for June delivery GCM9, +0.09% on Comex fell by 80 cents, or less than 0.1%, to settle at $1,276 an ounce. The settlement was the lowest finish for a most-active contract since Dec. 26, according...Read More
However the miner has not changed its revised sales guidance, despite the restart set to bring 30 million tonnes per year of production back online, saying its Northern System had been impacted by bad weather.Vale had declared force majeure over a number of iron ore and pellets sales contracts after Brucutu was suspended in February, in the fallout from the fatal Brumadinho tailings dam failure in...Read More
Participants expect China's hot-rolled coil prices to remain high in the days to come following a pickup in domestic trading on Friday April 19.DomesticEastern China (Shanghai): 3,960-3,980 yuan ($591-594) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, down 10 yuan per tonneTrading was stronger despite a slight drop in prices.The domin...Read More
Back in February, Representative Alexandria Ocasio-Cortez and Senator Ed Markey released a non-binding resolution for what was dubbed the Green New Deal, which unofficially committed the U.S. to radically updating its energy grid, with such lofty goals as:Meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.It caused controversy fo...Read More
It was a huge tragedy.Watching the video of flames and smoke pouring out of Notre Dame, people from all across the world responded with sadness and grief.World leaders sent their condolences, and earlier this week, we learned that France's three wealthiest families have donated $700 million to the rebuilding efforts that will soon be underway.While I won't deny that I was saddened to see such a be...Read More
In our morning report on April 16th for club members, we highlighted insider activity in a prospective emerging Canadian mining play. While the name is only for those who have high risk tolerance, it is already up more than 20% since our report. If things go right in its play area, I believe the stock has the potential to go a lot higher. It is a stock I personally hold via a modest position.To g...Read More
China's domestic rebar prices were flat on Friday April 19 amid stable activity, but participants expected prices to pick up next week. Domestic Eastern China (Shanghai): 4,060-4,080 yuan ($606-609) per tonne, unchangedNorthern China (Beijing): 4,000-4,040 yuan per tonne, unchangedBuyers kept procurement rates flat ahead of the weekend, leading to unchanged prices.Participants, however, said...Read More