The global situation today is practically screaming for investors to have some amount of their holdings in precious metals. All the money-printing occurring globally has resulted in a system awash in cheap money. This process, theoretically, leads to inflation, against which precious metals have acted as a hedge and a store of value. Unfortunately, inflation hasn’t been much of an issue for...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD), the second-biggest gold miner in the world, is one of the top-rallied stocks on the TSX. It is up more than 50% so far this year, while the TSX Composite Index has lost almost 15%.I had recommended Barrick Gold stock in January mainly based on rallying gold prices and its solid fundamentals. It has surged almost 60% since then.Thus, should investors continue to h...Read More
Gold is performing wonderfully as a “safe-haven” asset. While stocks continue to look uncertain, it has reached $1,700 per ounce. Many analysts now believe it’s destined for new U.S. dollar highs. Franco Nevada (TSX:FNV)(NYSE:FNV) offers one interesting way to take advantage of this situation and perhaps hedge your TFSA with gold.As a royalty and streaming company, Franco Nevada...Read More
Investors tend to consider alternate investments in a volatile market. Gold stocks are generally popular amid a recessionary market environment. The equity markets are expected to remain volatile in the upcoming months as unemployment rates rise higher. While the COVID-19 is expected to be a near-term headwind, the dreaded virus already had a massive impact on global economies bringing several ind...Read More
I spent the better part of yesterday afternoon flying a kite..."It's a breeze," I told my daughter, my dad jokes reaching ever new lows during the quarantine. "As soon as the wind picks up, you start running towards it."After I handed her the kite, I stepped back to watch with fatherly pride. What a wonderfully honest and pure way to escape the mounting dread of life during coronavirus. Fresh air,...Read More
With gold prices climbing to new record highs in Canadian dollars, we are starting to see a lot more interest in exploration in Canada and especially in Ontario. After investors have watched how Great Bear Resources has gone from around 50 cents a couple years ago to 10 dollars today, investors are looking for the next junior in the area to climb on and if the junior has a depressed stock price, a...Read More
Weekly Reports |Apr 29 2020The virus has curbed uranium production, but also utility demand. Prices continue to rise ahead of an expected return of utility demand.-Utilities focused on safety management-Supply curtailments continue to underpin uranium prices-Trump's Working Group Report finally publishedBy Greg PeelWhile nuclear power generation is deemed an essential service at this time, allowin...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 29 that are worth another look.Export prices for Japan-origin plate and structural (P&S) grades of ferrous scrap rose by ?500 ($5) per tonne week on week on April 29, with tighter supplies over recent weeks keeping the values up, sources have told Fastmarkets.Brazilian mining company Vale expects to find a potential invest...Read More
Malaysia Smelting Corp (MSC), the world's second-largest tin exporter, has resumed production following a hiatus related to the Covid-19 pandemic, the company told Fastmarkets."At the moment, MSC has commenced its smelting and mining activities and is operating at approximately 50% capacity," company spokeswoman Mei-Lynn Keow said.MSC had been under a Malaysian government lockdown that began on Ma...Read More
Brazilian mining company Vale expects to find a potential investor to exit its South Pacific nickel asset Vale New Caledonia (VNC) in the next one to two months, base metals director Mark Travers said in a conference call on Wednesday April 29.The company confirmed it was looking to divest from the business in December last year, while talks with interested parties began in November, Travers added...Read More
FYI |Apr 29 2020-The below is a company sponsored announcement-In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023.In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a...Read More
The supply and demand balance in both nickel and copper markets is expected at a surplus this year despite lower output due to the Covid-19 pandemic, Brazilian mining company Vale said in its first-quarter earnings report on Tuesday April 28. Supply of finished nickel, for example, is forecast to have declined by 12,000-15,000 tonnes in the first quarter because of coronavirus-related closures and...Read More
He said the Fed expected to maintain interest rates near zero until it was confident the economy had weathered recent events."Next week's jobs report is expected to show that the unemployment rate, which was at 50-year lows just two months ago, has surged into double-digits," he told a press conference."Overall, economic activity will likely drop at an unprecedented rate in the second quarter."The...Read More
The St Louis, Missouri-based Fortune 500 company, with operations across the main US coal basins and Australia, experienced severe margin compression during the period, resulting in weak results across the board.Consolidated revenues fell 32% year-on-year to $846.2 million, from $1.25 billion in the comparable quarter last year, reflecting the impact of lower volumes, mainly owing to the closure o...Read More
A summary of Peru-based miner Buenaventura's production results for the first quarter of 2020, as stated in its production report on Wednesday April 29.In brief Zinc and copper output increased year on year in the first three months of 2020 despite lower volumes reported in March due to the Peruvian lockdown enforced to contain the spread of the Covid-19 virus. The...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, today released an investor update regarding the phased rollout of the Fuel Tank Intelligent Containment System (FTICS) capsule, the Company's innovative product for the automobile industry, and other business updates.Fuel Tank Intelligent...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
More than 70 of the companies in the latest Global METS Investment Report top-100 METS companies listing are publicly traded, or part of public-listed entities.Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 29 that are worth another look.Export prices for Japan-origin plate and structural (P&S) grades of ferrous scrap rose by ?500 ($5) per tonne week on week on April 29, with tighter supplies over recent weeks keeping the values up, sources have told Fastmarkets.Brazilian mining company Vale expects to find a potential invest...Read More
Ira EpsteinGold's daily chart shows a pattern of an inside consolidation defined by the short-term swing lines..Read More