There is an interesting concern rising from the too numerous exchanges for Bitcoin. A study has revealed that the market is being manipulated to create the Continue...Read More
British Columbia Investment Management Corporation (BCI) says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a $12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirem...Read More
The CIS steel slab market continued to be quiet over the week ended Monday March 25 with offers and bids moving in opposite directions.Ukraine's Metinvest kept its offers above $500 per tonne fob Black Sea, Fastmarkets learnt on Monday March 25.Meanwhile, Russia's Evraz was offering material at $495-500 per tonne fob Black Sea, sources said."They offered several sizes of slab. That's why...Read More
This is probably the last thing that Jean Claude-Juncker and the unelecteed, unaccountable EU bureaucrats in Brussels wanted to hear, particularly after mercifully allowing Continue...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.Continue...Read More
The first hole of Wallbridge Mining's 2019 surface drill program has intersected six instances of visible gold and other mineralized veins over about 275 metres of core at Area 51.The discovery of Area 51 - a new zone 300 metres southwest of the Fenelon deposit - was announced in January 2019. Hole FA-19-052 confirmed the find with an intersection of 2.71 metres grading 12.70 g/t gold. The zone ha...Read More
"My current target is $1,374 [an ounce] and that is based upon a Fibonacci extension of the last rally," Wagner told Kitco News.Read More
Vancouver-based Atlantic Gold Corp. has updated reserves and mine life for its Moose River Consolidated gold project. Contained gold is up 27% and the life of the MRC project has been extended to more than 10 years.Successful drill campaigns at the Touquoy, Fifteen Mile Stream and Cochrane Hill deposits provided the extra ounces. The reserves include 23.0 million proven tonnes grading 1.16 g/t gol...Read More
Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company's purchase of an increased stake.The end of Robert Mugabe's rule in 2017 after an army coup led to a rush of excitement that miners would flood in to develop the nation's mineral wealth.The end of Robert Mugabe's rule in 2017...Read More
US gold giant Newmont Mining (NYSE:NEM) has offered investors a one-time special dividend of 88 cents per share, if its $10 billion-friendly takeover of Goldcorp (TSX:G) (NYSE:GG) is approved, in an effort to stop a brewing shareholder revolt that could obstruct the deal with the Canadian gold miner.Some of Newmont's shareholders, including hedge fund giant Paulson & Co., have criticized the dea...Read More
Romios Gold Resources (TSXV: RG) announced that it has amended an agreement it signed with Crystal Lake Mining (TSXV: CLM) whereby Romios' Newmont Lake property has been optioned to CLM provided that the latter has funding in place to finance its commitment to spend $3 million on an agreed exploration program before September 20, 2019.In a press release, Romios explained that the Definitive Agreem...Read More
Australia's OceanaGold (ASX, TSX: OGC) has withdrawn from two exploration projects in Argentina in which spent about $4.5 million (C$6m) over the past two years as explorations results have not met the miner's expectations.Mirasol Resources (TSX-V:MRZ), the owner of La Curva and Claudia prospects in Argentina's Santa Cruz province, said that while results to date weren't what OceanaGold expected,...Read More
China's domestic rebar prices were flat on Monday March 25, though but export offers edged up amid a positive outlook for demand in the next couple of months. Domestic Eastern China (Shanghai): 3,840-3,880 yuan ($572-578) per tonne, unchanged Northern China (Beijing): 3,840-3,870 yuan per tonne, unchangedWeakening futures led to a slowdown in procurement rates in the spot rebar market.But sellers...Read More
Import prices for steel slab in Southeast Asia and East Asia increased over the past week amid continued upward pressure from higher offers, although trading activity remained muted due to the large bid-offer gap, sources said.Fastmarkets' weekly import price assessment for slab in Southeast Asia and East Asia was $495-510 per tonne cfr on Monday March 25, up by $15-20 per tonne.A transaction invo...Read More
The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production Europe drops to 2016 low with more weakness expected US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More
Volvo has always been synonymous with safety in the automobile world. Now, the Swedish automaker is taking drastic steps to push the borders between "safety" and "big brother" Continue...Read More
The United States has for decades sought to play a more permanent role in Gulf regional security. While the unresolved conflict with Iraq provides the immediate justification, the Continue...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
The Dow eked out a win, thoughIt was a volatile start to the final trading week of the first quarter, with stocks reacting to news out of D.C., namely President Donald Trump's tweets of "Total EXONERATION" following Attorney General William Barr's summary of Special Counsel Robert Mueller's report. The latest round of U.S.-China trade talks were also in focus, while last week's yield curve inversi...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More