CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to Continue...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which Continue...Read More
Canada's Capstone Mining (TSX:CS) is considering selling a portion of its large scale 70%-ownedSanto Domingo copper-iron project in Chile, as part of a strategic process kicked off today after the release of a positive technical report.The Vancouver-based company said the project, is located 50 km southwest of Codelco's El Salvador copper mine, said the report reveals that Santo Domingo has an aft...Read More
Roscan Gold (TSX-V: ROS) announced that it is moving forward with the development of its Kandiol?(C) Project and has just started a 3,500-metre Air Core drilling program, designed to test several of the numerous gold geochemical anomalies identified at the site.Kandiol?(C) is 100%-owned by the Canadian miner and it is located in the gold prospective Birimian Rocks of West Mali, east of B2Gold's Fe...Read More
Goldcorp (TSX:G, NYSE:GG) and IBM Canada (NYSE:IBM) just launched IBM Exploration with Watson, a new technology that applies artificial intelligence to predict the potential for gold mineralization and is also capable of using search and query capabilities across a range of exploration datasets."The potential to radically accelerate exploration target identification combined with significantly imp...Read More
Two days after boldly threatening to take down Italy's populist-led government should lawmakers try to change the 2.4% projected budget deficit that has locked Italy Continue...Read More
A Paradigm Capital report presented the highlights of this brownfields story. Revival's Beartrack ProjectIn a Nov. 21, 2018, research note, Analyst Don Blyth reported that Paradigm Capital initiated coverage on Revival Gold Inc. (RVG:TSX.V), an advanced-stage explorer/developer, with a Speculative Buy rating and a CA$1.85 price target. In comparison, the stock is trading today at around CA$0.68 p...Read More
Money manager Adrian Day reviews several of the gold companies in his portfolio. Wheaton Precious Metals Corp. (WPM, NY, 15.85) is on track to meet or exceed its guidance both for this year and for the next five years. Silver production was a little light, commodity prices were down, and costs increased (due mainly to the termination of an old stream); this quarter saw the first platinum revenue...Read More
When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud.Gushure, 21, holds a pick and a hammer. For the past 18 hours he's been trying to chip, gouge and pry gold out of the 56-foot (17-meter) mine he helped dig, one of a series of deep pockmarks that dot the dry, flat landscape in Umguza, Zimbabwe, 230 miles (372 kilometers) southwest of the capital Harare...Read More
Technical analyst Clive Maund explains why he believes this company that has copper-gold-silver exploration projects in British Columbia is a "strong speculative buy." Doubleview Capital Corp. (DBV:TSX.V, DBLVF:OTC) looks like a solid copper-gold-silver stock that has a lot going for it. As we know, regardless of shorter-term fluctuations, the longer-term future for gold and silver is bright, but...Read More
Sector expert Michael Ballanger muses on lessons learned and profits to be gained in silver trades. "Even a broken clock is right twice a day."?EURo Stephen Hunt, The Court of the AirThere are times when every investor has to look long and deep into a mirror and determine whether a well-thought-out strategy is actionable or whether it is simply an ad hoc "hunch," barely worth chasing. With regard...Read More
A respected foreign journalist living in Ukraine is warning that a war that most Americans cannot even imagine "teeters on the razor thin Continue...Read More
Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal. Ore prices in China and fob range-bound Alloys in China tick down Ferro-manganese and silico-manganese prices in Europe rise Silico-manganese in India gains prior to tenders Manganese ore prices i...Read More
After it took over the Crimean Peninsula in 2014, Russia claimed the territorial waters surrounding the peninsula's coas. However, Ukraine never recognized this claim.Continue...Read More
The Chinese ferro-silicon market rebounded in the week ended Friday November 23 when low stock levels at smelters met with renewed demand from consumers, while the European market is in a holding pattern while waiting to settle longer-term delivery settlements with steel mills. China sees renewed consumer demand amid reported lower ferro-silicon stock levels Europe eyes first-quarter settlem...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Oil enjoyed its best day in months, rallying alongside the equities marketThe Dow enjoyed a big rebound today, trading broadly higher as it gained over 300 points. The win comes as FAANG stock Amazon (AMZN) rocketed higher amid upbeat headlines about Cyber Monday sales figures, which are poised to set a record of around $7.8 billion, per industry estimates. A General Motors (GM) rally also pushed...Read More
The brokerage firm also started the chip stock with an "outperform" ratingThe U.S. stock market is soaring on Cyber Monday, with the Dow up 275 points at last check. Among individual names making notable moves today are casino Wynn Resorts, Limited (NASDAQ:WYNN), chip designer Nvidia Corporation (NASDAQ:NVDA), and gene therapy specialist Rocket Pharmaceuticals Inc (NASDAQ:RCKT). Here's a quick loo...Read More
CIEN also recently pulled back to a notable moving averageCiena Corporation (NYSE:CIEN) once again showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. CIEN options traders have recently taken a strong interest in put options, though t...Read More