This year gold prices have rallied as a result of disrupted supply chains and closed down economies due to the global coronavirus pandemic and increasing possibility of a new trade way between the US and China. Now, gold ETFs are gaining momentum as a hedge against the potentially overbought stock market, some traders say. Since late March, total ETF holdings have grown 14%, while long positions...Read More

It’s no secret that investors are doubling down on gold. In a time when the markets are still volatile, with the first of possibly many market crashes behind us, investors are turning to gold to keep their cash safe. Analysts are on board with the decision, as some believe the price of gold could double by 2030.But while many are recommending that investors take the safest option of investin...Read More

The market rally off the March lows took many stocks back to previous levels. Some beaten-up sectors, however, still have room to run, and savvy investors are hoping to benefit.Let’s take a look at two cheap stocks that could see significant upside moves in the next 18 months.Teck ResourcesYou need to have a strong stomach to own Teck Resources (TSX:TECK.B)(NYSE:TECK) stock. A quick look at...Read More

Shell and IBM launch Oren digital platform for mining companies. Shell and IBM have launched a new, global B2B Digital mining services marketplace platform aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency.By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the minin...Read More

Over the past few weeks, I've gone out of my way to detail a relatively small market that's poised for incredible growth. It's not one many investment analysts ever mention, either. It's flying under the radar, so to speak. It's a market that's already grown 138% over the past three years, but a fresh research report from BIS Research suggests its size will grow another 123% in the years ahead w...Read More

Trenching at Villeneuve. Image from MacDonald Mines. Drilling at MacDonald Mines' wholly owned SPJ property, 20 km east of Sudbury, Ontario, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres; the structure remains open.The company released results for six drillholes completed over the winter and spring. The drill highlights include 5.1 metres of 27.2...Read More

Natural gas field. Image by Rudy and Peter Skitterians from Pixabay. San Antonio's Mirage Energy announced Wednesday it has signed a $4 billion debt facility with the Bluebell International LLC for the development of natural gas pipelines, underground natural gas storage and the Isthmus Corridor Project.The company's pipeline, interconnected with Whitewater Whistler, provides an inexpensive natur...Read More

Prince George, British Columbia. Credit: Wikipedia. While the current business outlook remains uncertain, PwC Canada, in its new BC Mines Report, says the British Columbia mining industry is in a good position to withstand volatility due to prudent spending over the last few years and strong environmental, social and governance (ESG) practices.BC Mine 2019 ESG: Resilience and Opportunity in Uncer...Read More

Image from Grundeinkommen. Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie's latest report. As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure the...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 17 that are worth another look.The European Commission (EC) has outlined plans to regulate access of foreign investors in the single market of the European Union, the commission said on its website on June 17.European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies...Read More

The three-month nickel price was the worst-performing LME base metal at the close of trading on Wednesday June 17, with a 1.3% downturn, while a steady climb in zinc futures saw it overcome nearby resistance. Nickel's outright price on the London Metal Exchange closed at $12,871 per tonne on Wednesday afternoon, with selling pressure seeing it fall from an intraday high of $13,045 per tonne,...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.Please click...Read More

McClellan Financial Publications, IncPosted Jun 17, 2020Jun 11, 2020Back on March 19, I wrote here about "Stock Market Showing Another Example of ‘Rogue Wave’ Behavior".This week’s chart updates that same chart from the article 3 months ago. The only change is that 3 more months’ price data have been added.In an oceanic rogue wave, the huge wave “borrows&rdq...Read More

At 5,500 meters above sea level, a team of four from a major Chinese zinc smelter was driving up a snowy mountain in the summer of 2018, on their way to the country's largest known zinc-lead deposit - the Huoshaoyun deposit southwest of Hotan County in the Xinjiang Uyghur Autonomous Region.But the field trip came to an abrupt end when the team was just two hours away from the site.  "We...Read More

The company's maiden drilling at the Ban Chang prospect hit 5.2m at 0.66% nickel and 0.73% copper (plus 0.79 grams per tonne PGE) from 58m, including 1m at 3% nickel and 1.2% copper.Read More

Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More

By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More

The number of cases has risen to 998 and deaths increased to two, according to the latest figures from the Minerals Council South Africa, which were last updated on June 15.It said almost 260,700 miners had been screened, 10,890 had been tested, there were 614 active cases and 382 recovered.The council said there were 521 results pending.On Friday, there had been one death and 879 positive cases.T...Read More

Turkish steel producers continued to book deep-sea scrap for July shipment at steady prices on Wednesday June 17, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) at $267 per tonne cfr and 15,000 tonnes of shredded at $272 per tonne cfr.Following the news of the US transaction, the change in the daily scrap indices was on...Read More

Markets were mixed this morning, Wednesday June 17, while bullish sentiment continues to be fueled by government liquidity and stimulus but Covid-19 concerns and economic reality remain headwinds.Asian-Pacific equity markets were mixed this morning, but pre-market major western equity index futures were weaker. Passenger car registrations in the European Union fall by 52.3% year on year in May, Ap...Read More