A 3% hike in metro fares in Chile sparked what has become a far broader rebellion against inequality. (Image courtesy of Hugo Morales | Wikimedia Commons.) Global miners will have to get readyto deal with the increasing threat from civil unrest, following last year's successionof dramatic - and in several cases unforeseen - social explosions inalmost 50 countries, including highly popular mining...Read More
Gold is a classically defensive asset. Historically, whenever the markets have crashed, or there are rising uncertainties on a global scale, the value of gold increases by a significant margin against the decreasing value of everything else. In the fall of 2019, the trajectory of gold started going upwards. Just after the first week of 2020, the spot price of gold shot over the $1,550 mark.I am go...Read More
Jan 15, 2020 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University President Donald Trump is not facing stiff competition for the presidential elections in November, and a low chance of a recession should further help his odds, this according to Steve Hanke, professor of applied economics at Johns Hopkins university. "If you look at the challengers, there's not much to w...Read More
Publisher's Note: The Annual Outlook issue of The Dines Letter is a must-read. Today we're bringing you Mr. Dines' analysis of the state of the market and the most promising investments in 2020.Call it like you see it,Nick HodgeAfter the vertical and unified skyrocketing bullishness of stocks in 2016 and 2017, on February 2, 2018 a "Sell" was finally flashed detecting a coming change in leading s...Read More
Stock image. Tradewind Markets, a financial technology company enabling physical assets to be settled and mobilized through digitization, has announced the first ever trade using Tradewind ORIGINS, its provenance management solution. This transaction between Agnico Eagle Mines andBank of Montreal (BMO), confirmed by the Royal Canadian Mint, marks the firsttime economic segregation - typically use...Read More
Saddle up, gold is bound to head north. Credit: Winston Shull | Flickr The interplay between market risk and economic growth is expected to drive gold demand in 2020, the World Gold Council (WGC) says in their latest market report. The major driving forces include financial uncertainty and lower interest rates, a weakening in global economic growth, and gold's price volatility.Last year, gold had...Read More
Agnico Eagle Mines and Yamana Gold acquired the Canadian Malartic Gold mine in 2014, as part of a $3.9 billion takeover of Osisko Mining Corp. (Image courtesy of Osisko Gold Royalties) Yamana Gold has released 2019 production results with 1.02 million of gold-equivalent oz. slightly exceeding the company's guidance for 1.01 gold-equivalent oz. Three underground mines in South America: Jacobina, E...Read More
Iron Creek Project - Image courtesy of First Cobalt First Cobalt has released an updated resource for its 7 sq. km Iron Creek project with 2.2 million tonnes at 0.32% cobalt-equivalent in the indicated category and 2.7 million tonnes at 0.28% cobalt-equivalent in the inferred category. Contained cobalt stands at 12.3 million lb. in the indicated and 12.7 million lb. in the inferred category.This...Read More
Global tin premiums remained flat in the week ended Tuesday January 14, with European market participants maintaining lackluster demand against strong availability of ingots across the region, while both the domestic markets in both the United States and China have shown a slow pickup in demand to start the year.Strong warrant availability cools European ingot demandUS market sentiment gains tract...Read More
The three-month price of lead on the London Metal Exchange was higher at the close of trading on Wednesday January 15, climbing by more than 2.5% to close at its highest level since November 2019 amid high turnover, while a similar upswing in nickel futures saw the price breach nearby resistance.Lead's outright price on the LME closed at $1,999 per tonne on Wednesday afternoon, its highest settlem...Read More
The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks. The exchange announced the plans in November 2019 and aims to attract more metal back in LME sheds. It is controversial, but its passage into the LME rulebook on February 1 follows a consultation last year. Some market participants are now saying the LME sho...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 15 that are worth another look.The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.Lower Chinese production is set to fuel supply deficits in As...Read More
"Today, a new era in our trade relationship begins!" the White House tweeted and live-streamed the signing ceremony.The deal caps 18 months of tariff conflict between the world's two largest economies which has hit hundreds of billions of dollars in goods, roiled financial markets, uprooted supply chains and slowed global growth, Reuters noted.Markets closed higher yesterday in London, the US and...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced completion of functional integration to more than 250 of the world's largest retail destinations, growing revenue-generating retail endpoints above plan.John Abrams, President and CEO of Venzee said, "while achieving integration with so many large retailers is an important milestone for the Venzee...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) a pioneer in military robotics and innovation in the automotive industry has announced that they have signed a contract and received its first purchase order for $175,000CDN to provide sophisticated software for integration between applications and Point of Sale (POS) for NCR Corporation (NYSE: NCR), a leading enterp...Read More
Lower Chinese production is set to fuel supply deficits in Asian aluminium markets in 2020, according to UC Rusal marketing head Roman Andryushin.During 2019, aluminium supply in Asia was not growing due to falling primary aluminium output in China, and this is set to continue this year, Andryushin told Fastmarkets in an interview."Several disruptions and continued reallocation of capacities still...Read More
Andrew Forrest, one of Australia's richest men, last year came within a hair's breadth of forfeiting an iron ore tenement because of what initially seemed to be the late lodgement of a renewalRead More
Environmental, social and governance (ESG) is becoming more of a central issue for miners, as evidenced by BlackRock boss Larry Fink's annual letter to CEOs, released yesterday.Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More