Base metals prices on the London Metal Exchange rebounded on the morning of Tuesday April 26, while those on the Shanghai Futures Exchange were generally weaker in response to LME weakness on Monday.Dip buying seems to be unfolding again but, given the stronger macro-economic headwinds, we would be wary in case this rebound does not last.* The slide in China’s renminbi yuan is a potential ala...Read More
The short-term outlook, according to the bank, is for the copper market to remain tight thanks to a number of "supply challenges".Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Index futures were virtually unchanged following release of the March Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 1.0% versus a drop of 2.1% in February. Actual was an increase of 0.8%. Excluding transportation, consensus was an increase of 1.1%. Actual was...Read More
The deal sees Teck subsidiary Teck Chile granted options to earn up to a 75% interest in Loreto by making US$0.Read More
The funds, which are to come through an offering price of C$0.80 per share, are to be used to advance the company's Copper Creek and Contact Copper projects in the US.Faraday's share price on the Canadian Securities Exchange hit a record high of C$1 on April 26."I am pleased to see such strong demand across institutions and individual investors for our at-market financing, and I am delighted with...Read More
In this week's episode we take a closer look at Alcoa's earnings call and the subsequent stock price reaction downward. The call features Alcoa president and CEO Roy Harvey and CFO William F. (Bill) Oplinger, who discuss rising energy costs, leaving Russia, shipping challenges and ongoing environmental intiatives towards zero carbon smelters.All this and more with host Adrian Pocobelli.Music Credi...Read More
Big Ridge Gold (TSXV: BRAU; OTC: ALVLF) has released additional results from its 25,000-metre, Phase I exploration drill program at the Hope Brook project in Newfoundland and Labrador. Hope Brook is a former mine that produced over 750,000 oz. of gold between 1987 and 1997. First Mining Gold (TSX: FF) acquired the property in 2015, and Big Ridge currently has the right to earn an 80% interest by s...Read More
Sitka Gold (CSE: SIG; OTC: SITKF) has provided assay results of the first diamond drill holes completed during its 2022 winter exploration program at the district-scale RC gold project. The property comprises a land package of 376 sq. km within the Tombstone gold belt of Yukon.The exploration target at the RC project is an intrusion-related gold deposit system. Other intrusion-related gold deposi...Read More
Fission Uranium (TSX: FCU; OTC: FCUUF) has provided an update on the feasibility study slated to be completed later this year for its 100%-owned Patterson Lake South (PLS) project in the Athabasca Basin. The company reports that the field work for geotechnical, hydrogeological and metallurgical assessments are complete, and importantly, engineering and planning for the proposed mine are now well a...Read More
Australia's Golden Rim Resources (ASX: GMR) has executed an option and joint venture agreement with Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, to develop the Loreto copper project in Chile.The asset is located 120 km north of Teck's Quebrada Blanca, the miner's main growth project, and it is surrounded by operations run by BHP (NYSE: BHP; LSE: BHP) and Cod...Read More
The world's addiction to coal, a fuel many thought would soon be on the way out, is now stronger than ever.Read full newsRead More
We all know how Martha Stewart was thrown in the clink.We all remember the Enron implosion and scandal, with the former president of the company Jeffrey Skilling getting 24 years in jail (though 10 were shaved off) and a $40 million fine.Raj Rajaratnam, Steven A. Cohen, Ivan Boesky... the list goes on and on.All convicted of insider trading and paraded around by the government with "perp walks" an...Read More
Share this article VANCOUVER - AbraSilver Resources Corp. [ABRA-TSXV, ABBRF-0TC] shares rallied in active trading Wednesday after the company released drill results from an ongoing Phase 11 program at the company's wholly-owned Diablillos property in Salta Province, Argentina. The company also released a drilling update from a second Argentina project, known as La Coipita.Diablillos drilling high...Read More
We spoke with Ron Coombes, who is President and CEO of Providence Gold Mines Inc. (TSXV: PHD, US-OTCQB: PRRVF, FRANKFURT: 7RH1-F), a Canadian mining exploration company, who has acquired the famous historic Providence Group of Gold Mines, located nearby a resource-friendly community of Sonora, California, on the eastern belt of the "Mother Lode" District. The highly accurate 3D terrestrial laser s...Read More
About four months ago on December 7, 2021, I told you that the markets were heading lower and to sell the rips not buy the dips. This is what I wrote:This is the most ominous chart I've seen in years:This is a five-year, monthly candlestick chart of the SPX. The SPX is based on the 500 top companies in the United States.Each candlestick represents a month. The chart goes back to 2017.That red cand...Read More
Stansberry Research, Released on 4/27/22"Gold is behaving just like a breakout should," asserts Gareth Soloway, president and CFO of InTheMoneyStocks.com. Soloway joins to prelude the year-anniversary debate between gold and Bitcoin, telling our Daniela Cambone that, "gold will outperform Bitcoin and the S&P 500 [in 2022]." Bitcoin is trading, "lock-step with the NASDAQ," and a spot ETF for Bitcoi...Read More
Fox 10 Phoenix, Released on 4/24/22Do you believe we're being visited here on Earth? A Gallup poll says 4 in 10 Americans now think some UFOs that people have spotted were alien spacecraft visiting Earth from other planets or galaxies. This is up from a third saying so two years ago. This number has climbed because for the first time, the government is expressing concern over sightings of crafts t...Read More
The Market Sniper, Released on 4/26/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up:...Read More
Wealthion, Released on 4/27/22The war in Ukraine may be a more destabilizing event than many realize. According to GoldMoney's head of Research Alasdair Macleod, it may be accelerating the evolution of a new monetary system comprised of commodity-backed currencies. Alasdair predicts such a regime will favor countries like Russia and China, and threaten to fully expose the worsening problem of purc...Read More
Jay Taylor Media, Released on 4/27/22John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured co...Read More