It's important to understand Gold's fundamentals as it will help us confirm a new bull market.Continue...Read More
China's rebar prices picked up some upward momentum on Tuesday March 12 with market participants expecting iron ore supply from Brazil's Vale to tighten.Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($565-571) per tonne, up 10-30 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, up 20-30 yuan per tonneVale has suspended port activities at its Guaiba Island Terminal on instr...Read More
* Lawmakers reject deal by 391 to 242 * Pound swings wildly in dramatic session * Sterling volatility surges on uncertainty (Updates with outcome of vote, quotes)By Tom FinnLONDON, March 12 (Reuters) - Sterling held near the day'slows on Tuesday after a volatile trading session as Britain'sparliament rejected Prime Minister Theresa May's deal to quitthe European Union for a second time.While the p...Read More
Seabridge Gold has tabled an updated resource estimate for its Iron Cap gold-copper porphyry project in British Columbia that increases the project's indicated resource by 460,000 oz. gold and 177 million lb. copper. It also boosts the project's inferred resource by 7.45 million oz. gold and 4 billion lb. copper.The project now contains 423 million indicated tonnes grading 0.41 gram gold per tonne...Read More
Vancouver-based Great Bear Resources has intercepted new gold mineralization along the fold axis at its Dixie project in the Red Lake district. The best assay was 31.40 g/t gold over 0.7 metre at a depth of 64 metres below surface.Great Bear considers the D2 fold axis to be a significant gold control. All five of the holes recently drilled there returned gold mineralization. Two of the holes inter...Read More
Money manager Adrian Day reviews the latest developments in the Goldcorp acquisition saga, noting as the story unfolds, insiders quietly line their pockets. Newmont Mining Corp. (NEM:NYSE) is proceeding with its bid to acquire Goldcorp Inc. (G:TSX; GG:NYSE, US$10.71) after Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) made an unfriendly bid for Newmont. Barrick, which only recently acquired Randgold...Read More
This junior explorer will use these data to determine its next drill targets at the asset. Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced in a news release that the recent drill results from its Sesmarias project in southern Portugal demonstrate significant additional potential to upgrade the known mineralized system there.The drill program, which consisted of six holes totaling...Read More
Russian gold and silver producer Polyus has received a further 5 percent stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28 percent stake in Polyus shares, Polyus said late on Monday.The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4 percent. Rostec's stake falls to 36.6 percent.Polyus in January...Read More
"By partnering with airports and airlines to provide a secure stand-alone system that works quickly and reliably, which they will integrate into their boarding processContinue...Read More
Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site, the company's biggest gold producing asset in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surfa...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
The stock has already been a major winnerCloud security services provider Zscaler Inc (NASDAQ:ZS) is already up almost 51% year-to-date, recently gapping higher thanks to an impressive turn in the earnings booth. Looking at the sentiment data around the stock, Wall Street does not seem properly aligned on this outperformer. As such, there's a strong contrarian case to be made that there's more ups...Read More
The S&P and Nasdaq closed higher, thoughThe Dow crept into positive territory around 11 a.m. ET, but steady pressure from Boeing (BA) sent the blue-chip index back into the red by midday. BA stock has now shed more than 11% this week, with today's losses exacerbated by a rare "sell" rating and a global grounding of the company's 737 MAX 8 aircraft. The S&P 500 and Nasdaq, on the other hand, brough...Read More
EXPR has risen an unimpressive 3% since JanuaryRetail concern Express, Inc. (NYSE:EXPR) is down 1.4% at $4.90, at last check, as investors ready for the company's fourth-quarter earnings, set to take the stage before the market opens, tomorrow, March 13. Below we will dive into what the options market has priced in for the shares' post-earnings move, and see how the stock has been performing on th...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
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More
Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More
It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market.To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely...Read More