Gold prices ended lower on Friday, pulling back from their highest level in more than two months as U.S. and global stocks moved up in the wake of a two-day downturn that drove investors to the perceived safety of the precious metal. December gold GCZ8, -0.49% declined by $5.60, or nearly 0.5%, to settle at $1,222 an ounce, a day after its highest finish since Aug. 1, for a most-active contract,...Read More
By Sumeet ChatterjeeNUSA DUA, Indonesia, Oct 13 (Reuters) - The U.S. Federal Reserve does consider the impact of interest rate hikes on emerging markets when setting policy, but the increases are the "right course of domestic policy" for the world's largest economy, said a top Fed official on Saturday.The comments by Fed Vice Chair Randal Quarles came as some emerging markets face increa...Read More
Oct 13 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
(Bloomberg Opinion) -- The meltdown in stocks this week that saw the S&P 500 tumble 5.28 percent over the course of two days sparked an outpouring of views on how rising interest rates are bursting a bubble that drove equity prices to unrealistically high levels. Most of this so-called logic is hyperbole. Market corrections, as opposed to bear markets, happen all the time and this one is still...Read More
"@lamb2_lion Their customers (stainless steel producers) will be short their traditional sources of Ni feed (some of which will be redirected to battery production) and thus have to bid up FeNi and NPI prices."Read full newsRead More
"@lamb2_lion Sulphide ore is not class 1 Ni, nor is sulphideconcentrate. Class 1 Ni is a refined product that can be made from either sulphide or laterite ores. Ni sulfate, in turn, can also be made from many sources, including Class 1 briquettes or MHP (which itself comes from laterites)."Read full newsRead More
"@lamb2_lion Thanks for RTs & Likes. But to be clear, there's no such thing as a "class 1" Ni explorer. A sulphide miner 1st produces concentrate, which yields ~73% of Ni spot price. Without their own smelter, sulphide miners will see limited benefit from EVs. FeNi miners on th'other hand..."Read full newsRead More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
More than 30 gold miners have died in an informal pit in the Democratic Republic of Congo's South Kivu province after a landslide, officials said Thursday, with dozens more feared trapped.The incident happened a week ago in Misisi in the Fizi region.Read full newsRead More
There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More
"World Marijuana Market Predicted to Enjoy a 47% CAGR for the Next Nine Years #marijuana $CROP $WEED @nextgreenwave $ACB $APH #medical marijuana #cannabis #invest https://t.co/OIz0E7WH3v"Read full newsRead More
"RNC Minerals (TSX:RNX) Recovers 90-kilogram Specimen Slab, Estimated to Contain 1,000 Ounces of Gold, from Beta Hunt https://t.co/IdepMokOO9 #gold #investing"Read full newsRead More
The Canadian market (i.e., S&P/TSX Composite Index) has declined about 7.5% from its 52-week high. This has made some investors uneasy, and it's as good a time as any for investors to think about how to protect their portfolios.Just about a month ago, when the North American markets were trading near their highs, I discussed buying the underperforming stocks of Franco-Nevada (TSX:FNV)(NYSE:FNV...Read More
A new report prepared by Commodity Insights for the Minerals Council of Australia forecasts that the demand for metallurgical coal to 2030 will grow by over 95Mt, from 275Mt in 2017 to 372Mt in 2030; this is a 2.3% growth or around 7.5Mt per annum.Such a growth would be the equivalent of a large export mine being added to the market every year to 2030, the report states, and it represents approxim...Read More
Non-profit organization Geoscience BC recently published a series of maps and geological data whose main goal is to encourage mineral exploration in the Regional District of Kootenay Boundary in southern British Columbia.Known as the Greenwood area, the site is well established since the 1880s as one of the most prolific areas for the exploitation of gold, silver, copper, lead, and zinc in the wes...Read More
Scientists with the U.S. Army Research Laboratory, the University of Maryland and the Paulista State University in Brazil created a new gold-silver alloy with the idea of lightening the load and enhance the power of devices used by soldiers on the battlefield.In an article recently published in Advanced Optical Materials, the researchers explain how they are working on controlling the optical and...Read More
After a wild on Wall Street, investors are nervous. The Dow Jones Industrial Average DJIA, +1.15% plunged 831 points Wednesday in the worst day since the market correction last February, and fell nearly 546 points on Thursday before closing up 287 points Friday. Many working Americans are understandably concerned about what this means for their 401(k) accounts, but for those who have saved money...Read More
It's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration companies with pr...Read More
By John MauldinPredatory PracticesWar TalkQuality ControlManifest DestinyPuerto Rico, Frankfurt, and Parts Here and ThereAn odd aspect of being a writer is you never know in advance what will excite readers. I've written letters I thought very provocative only to draw mostly yawns.Last week's trade deficit letter lit some fireworks. The response was immediate and, in many cases, quite passionate...Read More