Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases."Jewellers are aggressively buying as retail demand ha...Read More
Following a two-month blockade that ended in mid-April, negotiations are still ongoing between Peruvian authorities, the community of Nueva Fuerabamba and Minera Las Bambas, a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Investment, and CITIC Metal Co. Ltd.On May 6 and 7, a new meeting is to be held as the community is pushing for two bills before Co...Read More
A team of German scientists published a paper this week where they state that, following a series of lab experiments, they discovered that the concentration of gold in the so-called 'fool's gold' is directly dependent on the content of arsenic in the pyrite where the gold is encrusted.Fool's gold is very common in the Carlin-type gold deposits that are found in Nevada. In those areas, which are re...Read More
ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal.Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker. However, the landmark deal has not yet been approved...Read More
These record U.S. stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency. Largely thanks to the Fed, traders are convinced stocks can rally indefinitely. But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels. These are classic topping signs, with profits growth stalling and the Fed out of e...Read More
Cameco (TSX:CCO)(NYSE:CCJ) remains one of several questionable investments in the market that continues to baffle some investors.On the one hand, the multi-year drop in uranium prices has wreaked havoc on the market and, by extension, Cameco’s stock price, which is down 30% over the past five-year period. On the other, Cameco’s efforts to slash costs and pause production at a number o...Read More
Penny stocks can be exhilarating: they can rise by more than 100% in a single trading session.Unfortunately, penny stocks are often rife with pump-and-dump schemes, shady reverse mergers, and outright scams.If you’re looking for stocks with massive upside potential, penny stocks aren’t your only option.Here are three stocks that could easily double or triple under the right conditions....Read More
Global car market is at a crossroads. Image courtesy of Velovotee, Creative Commons.Battery metals tracker Adamas Intelligence says that in March 2019, battery capacity deployed worldwide in battery electric cars (including hybrids) nearly doubled from the same month last year.The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries,...Read More
The country's highest awards for science were awarded by the Rt. Hon. Julie Payette, Governor General of Canada, the Hon. Kirsty Duncan, Minister of Science and Sport, and Dr. Digvir S. Jayas, interim president of the Natural Sciences and Engineering Research Council of Canada (NSERC) at Rideau Hall on May 6, 2019. Twenty-eight of Canada's top scientists and seven industry partners were honoured.T...Read More
I knew it was a winner the first time I saw it.A technology that hides in the screens you interact with every day... TVs, monitors, displays, billboards, advertisements...Scanning faces, using machine learning, artificial intelligence, and proprietary algorithms to determine age, emotion... and danger.We've been promised truly futuristic technology for some time.And it's finally here. True Jetsons...Read More
After a short rally at the start of 2018 year peaking at $1,354/ozt on March 25, the gold price fell steadily during Q2 and Q3 to USD 1,176/ozt on August 16, and then rebounded to $1,280/ozt on December 28. We analysed the effect of the gold price on the gold mining industry using data from the Mining Intelligence Data Application. The data we used represents companies reporting quarterly producti...Read More
Stornoway Diamond Corp. mounted a mine rescue team from the Renard mine - and they won all the awards at the 57th Quebec Provincial Mine Rescue Competition. The contest took place on May 2-4, 2019, in La Sarre, Que.The Renard team of Danny Berube, Mathieu Dresdell, Raphael Duchesne, Simon Gelinas, Fran??ois Gilbert, Guillaume Lemay, Rachel Major, Adam Paquet and Patrick Tremblay led by Yannick Sav...Read More
Montreal's Maestro Digital Mine launched its latest digital IIoT solution, the Zephyr AQS, at the recent CIM convention and trade show. The Zephyr AQS is a compact, low cost environmental air quality monitoring station for underground mines.The Zephyr AQS is an IIoT device that connects directly to an industrial network without the requirement of adding an expensive and complex programmable logic...Read More
May 06, 2019 Guest(s): Chris Mancini Mining Analyst, Gabelli Funds A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds."I think that in terms of the sentiment within the gold market and the gold mining market is that we've had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for t...Read More
These record U.S. stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency. Largely thanks to the Fed, traders are convinced stocks can rally indefinitely. But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels. These are classic topping signs, with profits growth stalling and the Fed out of e...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended down Monday, but bounced back from earlier lows after China said its trade representatives would still come to the U.S. for talks, despite President Trump's tweets threatening to raise tariffs on China-made goods. Kraft Heinz (KHC - Get Report) rose slightly after the packaged food company announced it would restate i...Read More
Central banks are going gaga over gold. They are snapping up the metal at the fastest rate in almost half a century in a trend that looks set to continue. Over the 12 months through March 31, they purchased a whopping 715.7 metric tons of gold bullion worth around $29.4 billion, according to a recently published report from the industry group World Gold Council. "In all likelihood, we expect ano...Read More
With LME Asia Week now in full swing, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: How will aluminium premiums in Japan and South Korea likely fare for the rest of the year?The main Japan ports (MJP) aluminium premium typically rises during the peak demand season seen during the second quarter of each year, Fastmarkets MB data indi...Read More
Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.The copper price for July settlement on the Comex division of the New York Mercantile Exchange inched up 0.95 cents to $2.8285 per lb.In a post overnight on...Read More
Copper stocks in Shanghai-bonded warehouses rose slightly in April compared with March, while muted trading activity last month pushed the bonded warrant premium for the red metal to a 13-month low.Despite the slight increase, market participants expect copper inventories to decline in the coming weeks and months because the second quarter of the year is traditionally associated with high metal co...Read More