Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people familiar with the situation said.If a transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mineSecuring an exemption may open the...Read More
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a senior Mexican official said on Thursday, urging a solution that will restart operations.Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
Prices for Turkey-origin steel billet have gone up in all markets over the past week since news was heard of the removal by the United States of its extra import duty on Turkish steel, sources said on Thursday May 23.The prices for steel scrap products have gone up significantly but the rises in billet prices have not yet aroused purchasing activity, with buyers either taking a wait-and-sea approa...Read More
Many people think that the current fiat money regime can go on forever and point to Japan as a prime example. Afterall, their economy collapsed in the early 1990's after decades of rapid economic growth. In 1992 the BOJ began a never ending series of "extraordinary policy" as they experimented with, and expanded the central bank took box. Today, the global central banks look to Japan as a monetary...Read More
Project highlights gleaned during the trip are recounted in a BMO Capital Markets report. In a May 21 research note, BMO Capital Markets analyst Andrew Mikitchook reported that during a recent multisite tour, Ivanhoe Mines Ltd.'s (IVN:TSX; IVPAF:OTCQX) "world-class assets and technical management showed very well."Mikitchook's overall impression was that "the CITIC financing has transitioned Ivan...Read More
Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 23.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, rising from $445 per tonne cfr on May 16.The price increase, despite weak demand, came because of rising price...Read More
China's domestic stainless steel prices widened upward over the past week amid continued strong demand fromend users. The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,300 yuan ($2,027-2,070) per tonne including value-added tax for the week ended Wednesday May 22, widening up 200 yuan per tonne from a week earlier......Read More
Chip stocks took another major hit, leading the tech sector even lower The Dow suffered another triple-digit drop today, losing over 285 points, as trade tensions between the U.S. and China continue to flare up. Chip stocks continued to suffer as more companies cut ties with China's Huawei, and sluggish U.S. manufacturing data was salt in Wall Street's proverbial wounds. In response, the benchmar...Read More
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
S&W Seed stock hasn't seen a surge of this magnitude since 2017U.S. markets are trading lower once again,bogged down by trade fears and disappointing manufacturing data. Three stocks worth watching this afternoon are sepsis specialist T2 Biosystems Inc (NASDAQ:TTOO), toymaker Mattel Inc (NASDAQ:MAT), and Sacramento-based agriculture name S&W Seed Company (NASDAQ:SANW). Below, we will dive into wha...Read More
Consumer spending data hits Wall Street on the final trading day of MayNext week will be a short one for traders due to the Memorial Day holiday on Monday, but there's plenty of data due out over the four-day stretch -- including key reports on gross domestic product (GDP), consumer sentiment, and inflation. Additionally, another round of retail earnings reports will be sprinkled throughout the we...Read More
LONDON, 10 May 2019 - Today's edition of current-affairs digest The Week features comment and analysis from BullionVault regarding the UK's May 1999 decision to halve its national gold bullion reserves.The UK's number three top-selling news magazine, The Week today quotes both a BBC story featuring BullionVault's analysis as well as a separate article on BullionVault's own Gold News webpages.That...Read More
LONDON, 9 May 2019 - Comment from BullionVault features today in a commodities market outlook from investment data and analysis providers FE Trustnet.Looking at a range of expert views on what 2019 will bring for natural resources' prices, "While equity prices are high - with a positive effect on commodities and other physical assets - it must be remembered that the market is late in the cycle," F...Read More
LONDON, 8 May 2019 - The UK's Daily Mail online, one of the world's 65 most-visited websites, today quotes BullionVault comment on yesterday's 20th anniversary of then-Chancellor Gordon Brown moving to halve the nation's stock of gold reserves.It was "perhaps the single worst investment of modern times," The Mail Online quotes BullionVault director of research Adrian Ash."Brown's decision came as...Read More
The weekly 5/24 90-strike call is most activeRoku Inc (NASDAQ:ROKU) stock is flexing its technical muscle today, up 1% at $88.93, fresh off a record high of $89.79, even as the broader equities market sells off. This upside comes courtesy of a price-target hike to $110 from $92 at D.A. Davidson -- a 25% premium to last night's close -- which said the streaming name's addition of Activation Insight...Read More
LONDON, 8 May 2019 - BullionVault's Adrian Ash is quoted today by UK newspaper the Daily Express online, commenting on the 20th anniversary of Britain's decision to sell half its gold reserves at the lowest prices since the 1970s.Adrian's comments "echoed that of current Chancellor Philip Hammond," says The Express, "who described Mr Brown's decision to sell off as 'the most potent symbol of the e...Read More
ROST call buying has been a prominent strategy among options tradersWe're always digging through data from Schaeffer's Senior Quantitative Analyst Rocky White, and this week Ross Stores, Inc. (NASDAQ:ROST) popped up as a name to watch. Considering what's been happening in the retailer sector, we figured we'd take a closer look at ROST stock, especially since the company reports earnings after the...Read More
LONDON, 8 May 2019 - Finance newspaper City AM today carries argument from BullionVault that the UK's gold sales of 1999-2002 were a bad mistake.Announced 20 years ago yesterday, "New Labour's gold sales were so aggressive and arrogant that it's hard to imagine Gordon Brown's team seeing any error even now, 20 years and a five-fold rise later," the paper says, quoting Adrian Ash, director of resea...Read More
Traders just doubled their money on Schaeffer's recommended callSubscribers to Schaeffer's Weekend Trader Alert newsletter just doubled their moneywith our Zscaler (ZS) August 60 call option recommendation. Below, we'll explain how this options trade hit its 100% target during a period of time where the tech stock rose just under 30% on the charts. When we initially recommended the call in an...Read More