Last week I brought you the harrowing story of the Donner Party. The pioneers are infamous for chasing the American Dream by moving across the country in covered wagons and attempting to start a new life in California.It didn't end well...They burned their place into American History by eating one another to survive.This week I'm going to show you how to weather any stock market storm, and save yo...Read More
VanadiumCorp and Electrochem Technologies and Materials have signed a patent option agreement allowing Ultra Pure Systems to purchase an exclusive licence to their VanadiumCorp-Electrochem processing technology (VEPT). The new technology will be used in the world's first dedicated vanadium processing facility in Australia.Ultra plans to integrate low cost battery grade vanadium electrolyte into...Read More
SASKATCHEWAN - Vancouver's CanAlaska Uranium and Saskatoon's Cameco Corp. have formed the West McArthur joint venture and agreed on a $2.4-million exploration budget for 2019. CanAlaska will be the operator and 70% owner.Next year's work will focus on extending the footprint of the three discovery holes in 2017 and 2018. They define a halo of uranium mineralization in the sandstone. The halo measu...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of 10%-15% each year over the next three years with consolidated output of 740,000-800,000 ounces of gold next year, 850,000-910,000 ounces in 2020 and 945,000-1.05 million ounces in 2021.Production growth in 2019 will be driven by its Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is forecas...Read More
"I think things have improved, but then I think there are gigantic holes in the system," Yellen says.The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation.She also says rates will remain lower than they have been in past decades.Steve Liesman| @steveliesmanPublished 13 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Yellen wa...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More
Getty ImagesMorning Glory Diner in Philadelphia, Pennsylvania. The numbers: The National Federation of Independent Business small-business optimism index fell 2.6 points in November to a seasonally adjusted level of 104.8, the lowest in seven months. Most of the decline coming from expectations about future sales and business conditions. What happened: No components of the index gained during...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell after Donald Trump and top Democratic leaders clashed over border security.Stitch Fix Inc. (SFIX) tumbled 20.9% on Tuesday after its client growth disappointed Wall Street.DSW Inc. (DSW) jumped 8% after the shoe retailer posted fiscal third-quarter earnings that topped forecasts and the company l...Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stoc...Read More
Currency markets were shaken by more Brexit drama on Monday, after a highly anticipated vote on Prime Minister Theresa May's deal on the U.K.'s exit from the European Union was postponed. The British pound GBPUSD, +0.1201% slid Monday morning and touched a 20-month low after May scrapped the Brexit vote scheduled for Tuesday. The prime minister also said that a deal that didn't include the contro...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 11.Please click...Read More
Base metal prices rose on the London Metal Exchange by the close on Tuesday December 11, with copper acting as the best performer among the complex.Specifically, the three-month copper price surged by 1.3% to close at $2,590 per tonne. "LME copper continues to run rather positive micro-dynamics. Total LME stocks continue to see drawdowns, with net holdings edging to a fresh 2018 low of...Read More
Bob Moriarty ArchivesDec 11, 2018We need to face it; ordinary investors hate resource stocks. It’s one of those unspoken but obviously true facts that we wish to avoid thinking about or discussing. Because once you acknowledge that regular investors have virtually no exposure to resources, you also need to start questioning just why that seems to be true.One cause is fairly simple to underst...Read More
Brazil's Companhia Brasileira de Alum?-nio (CBA) will invest 30 million Reais ($7.7 million) to increase its aluminium billet production capacity, the company's primary operations director Luis Jorge Nunes told Fastmarkets MB on Monday December 10.The expansion will change some of the currently halted aluminium-plate furnaces into aluminium billet production units. The company's production capacit...Read More
I chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging and deferring the sy...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month's tender. The mill has offered to buy silico-manganese at 8,950 yuan ($1,296.81) per tonne for December delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 150 yuan l...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that Chi...Read More
Cadence CEO Kiran Morzaria reportedly implied to those on the call Bacanora would raise cash at 25p (US31.5c), which would have been a discount to the share price at Friday's market close....Read More