Silver bulls will have a hard time with this one, and the outlook isn't any better for 2019 either. Here's trader Glenn West and his Elliott Wave analysis...by Glenn West (follow Glenn on Twitter) of West Pacific Trading AnalyticsBeen many months since I have been here to discuss the ongoing in Gold and Silver.So few even care what a modeler of the future is seeing in his tealeaves and instead...Read More
December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in so...Read More
Gold has picked up a tailwind in recent trading and that has investors kicking the tires on some of the top stocks in the industry.Let's take a look at Barrick Gold (TSX:ABX) (NYSE:ABX) to see if it deserves to be in your portfolio.Gold marketAt the time of writing gold trades for US$1,239 per ounce. That's the best price since July and pundits are wondering if it could be the start of a rally bac...Read More
The market has been unpredictable lately...and I'm sure more twists and turns lie ahead.But unless you're cashing out tomorrow, you should be fine. Let's keep things in perspective:?EUR? October 28, 1929: The "great crash" knocked Wall Street down 12.82% and jumpstarted the Great Depression.?EUR? October 19, 1987: The Black Monday crash dropped stocks by 22%.?EUR? September 17, 2001: The Dow fell...Read More
BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
Malaysia has told Lynas Corp (ASX:LYC), the Australian miner a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactive was...Read More
BRITISH COLUMBIA - The assay results are in from Spanish Mountain Gold's drilling program for the gold project of the same name 70 km northeast of Williams Lake. The selective program targeted the high grade, near surface First zone, and the results did not disappoint.Spanish Mountain says all six drill holes are indicative of additional higher grade mineralization at depths of less than 100 metre...Read More
ALBERTA - E3 Metals of Calgary continues to scale up its proprietary lithium extraction technology at the pilot plant. The results are excellent: lithium in brine was concentrated nearly 20 times to 1,498 mg/L with lithium recoveries greater than 99%.E3 Metals is close to commercializing a low cost method of recovering lithium from the petro-brine resources in Alberta. (Image: E3 Metals Corp.)Th...Read More
December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in so...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Tuesday, losing nearly 800 points for its fourth worst day ever on worries over the U.S.-China trade deal and concerns over economic growth.Dollar General Corp. (DG) fell 6.8% after the discount retailer reduced its earnings and sales outlooks for 2018.Toll Brothers Inc. (TOL) ...Read More
December 3, 2018The junior gold miners' stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies' battered stock prices aren't fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than stock prices im...Read More
December 3, 2018Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencie...Read More
Positive developments in the US-China trade dispute kept London Metal Exchange base metals prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Climbing more than 2%, the three-month lead price was the strongest performer over the afternoon, closing above $2,000 per tonne for the first time since November 21. Meanwhile, the thre...Read More
Weekly Reports |Dec 04 2018Uranium spot market volumes in 2018 are almost 40% above record 2015 volumes with another month to run.-2018 volumes surge-Unfamiliar players in the market-Spot price continues to riseBy Greg PeelBy the end of November, over 62mlbs U3O8 equivalent had changed hands in the uranium spot market. That's almost 40% above the record annual volume set in 2015, industry consulta...Read More
Comex copper prices were little changed during morning trading in the US, with market participants still digesting news of a detente between the US and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 1.85 cents to $2.7910 per lb.Over the weekend at the Group of 20 Nations (G20) meeting in Argentina, US president...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Tuesday December 4, lifted by a slight downturn in the US dollar index and while market sentiment remains positive after recent US-China trade talks. The three-month nickel price continues to push higher - it is up by more than 6% from last week's low of $10,720 per tonne and is more than 1% higher than la...Read More
Global ferro-vanadium prices weakened last week due to trader profit-taking amid sluggish spot market demand. Chinese export prices sink on weak buying interestEuropean ferro-vanadium prices weaken on profit-takingEurope vanadium pentoxide (V2O5) market softens slightly amid inactivityUS ferro-vanadium market experiences more thin trading Export prices for Chinese ferro-vanadium continued to trend...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...Read More
Bob Moriarty ArchivesDec 3, 2018Early in 2018 someone named Kevin Vecmanis contacted me asking my thoughts on an AI platform he was setting up to help investors track various investing opportunities. The idea intrigued me and I encouraged him to continue. What he came up with is interesting to say the least. I think he is on to something.The platform is named VanAurum. It contains a lot of data an...Read More