Gold recently hit a multiyear high of over US$1,560 per ounce amid signs that despite profit taking, the yellow metal will rally higher over the course of 2020.Heightened geopolitical and economic risk along with accommodative monetary policy being sustained by central banks across most developed economies, including low interest rates, will support higher gold. There’s growing speculation t...Read More

The global stock markets are making the hair on the back of my neck stand up on end. Day after day, markets go up. Good news or bad, markets go up. Every day we are hitting all-time highs. Up and away it goes, and where it will stop, nobody knows.It is not the fact that global markets are going up which is worrisome. A rising global market with increasing stock prices is, after all, the very reaso...Read More

Canadian savers are clearing up the last bills from the holiday season and sitting down to decide how much cash they have left to contribute to their RRSP.The contribution deadline for the 2019 tax year is March 2, 2020. That isn’t too far away, and investors are beginning to evaluate some of the stocks they might buy with their additional RRSP funds.The RRSP is facing competition with the T...Read More

Vale's massive S11D iron ore mine in Par??, Brazil. Photo by Jos?(C) Rodrigo Zermiani, Vale. Metals and mining research and consultancy group Wood Mackenzie has identified five trends that will impact the iron ore industry in 2020.Slower demand growth, especially in China, and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020, Wood Macken...Read More

Escondida mine in Chile. (Image courtesy of Municipalidad Antofagasta | Flickr ) The world's number one mining company, BHP (NYSE:BHP) reported robust numbers from its copper operations on Monday, despite political upheaval in Chile, the location of the world's largest copper mine, Escondida, operated by the company. Copper production for the December quarter gained 6% to 455,000 tonnes, boosted...Read More

Jan 20, 2020 Guest(s): Conrad Black Financier, author, & columnist The influx of illegal immigrants has been the most "scandalous" event to hit U.S. politics, and since that flow of migrants has dwindled, lower income American families have seen increased incomes, this according to Conrad Black, author and media mogul. "The most scandalous event in the history of public policy in the United Stat...Read More

Finland (image courtesy of Pyry Tanskanen on Flickr) Following a recent Edumine four-day short course, "Valuation of Mineral Projects Based on Technical and Financial Modelling" in POHTO's Oulu facility in Finland, one of the delegates raised an interesting point that has wide relevance to active operations. The Valuation course covers project appraisal as a forward-lookingperspective at the pre-...Read More

Aerial view of the plant at Aurizona Gold Mine in Brazil (foreground) and Piaba Pit (background). (Image courtesy of Equinox Gold) Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co. have both recommended that shareholders vote in favour of the proposed merger between Canadian-based gold miners Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC).Shar...Read More

Image from White & Case. Global law firm White & Case has released the results of its fourth annual survey on mining and metals, identifying trade and ESG issues as the industry's top concerns for 2020.White & Case surveyed 64 senior industry decision-makers on an array of topics, including key risks for 2020, what ESG areas will be most scrutinized, which metals will do best and the level of M&A...Read More

Jan 20, 2020 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Gold prices are on track for another rally into the $1,700 an ounce price range on the back of frothy equity markets, this according to Patrick Ceresa, founder and chief market derivatvies strategist at Big Picture Trading. "I feel that generally, the bull trend for gold is intact as long as...Read More

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday January 20, back above the $14,000 per tonne threshold against the lowest turnover since December 24 last year.In contrast, lead futures edged lower against a similar absence of liquidity.Nickel's outright price on the LME closed at $14,025 per tonne on Monday afternoon, back above nearby resista...Read More

The Chinese government published the long-awaited non-ferrous scrap metal renaming criterion on its website late on Friday January 17. This is the latest policy adopted by the world's biggest scrap metal importer. Copper scrap, of copper content ranging 94-99.9% and meeting certain impurities thresholds, will be renamed under five categories of renewable materials. Below is a table translated and...Read More

The three-month lead price on the London Metal Exchange climbed by 0.5% during morning trading on Monday January 20, briefly breaching the $2,000 per tonne mark, while continued inflows of nickel have prompted minimal price reaction. Lead's outright price on the LME rose above $2,000 per tonne during morning trading before dipping back below the key resistance level to $1,985 per tonne. Trading vo...Read More

Bob Moriarty ArchivesJan 20, 2020Metals other than gold have finally gotten their wakeup call. Last week rhodium shot up to $7700 up from $575 three and a half years ago. Platinum broke $1000 to settle at $1027 and even silver was up.South Africa has gone the Zimbabwe route. They are murdering white farmers and set the price of electricity below the cost of production. Much to their great surprise...Read More

* Dollar, yuan boosted by economic prospects * Traders prepare for BoJ, ECB meetings * Sterling on the ropes again after Javid comments * Graphic: World FX rates in 2019 (Adds latest prices)LONDON, Jan 20 (Reuters) - The dollar rose to its strongestlevel of 2020 on Monday after last week's run of data confirmedthat the U.S. economy is holding up well, while China's yuanbriefly hit a new six-month...Read More

Jack ChanPosted Jan 20, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is on se...Read More

NAIROBI, Jan 20 (Reuters) - The son of an Indian gold mineowner in Burkina Faso, who was kidnapped by unidentifiedassailants in 2018, has been released, his father said onMonday.Kimar Akoliya, whose father Akoliya Patel owns theGhana-based Balaji mining group, had set off for Burkina Faso'scapital, Ouagadougou, from the remote Inata mine with twocolleagues when they disappeared in September 2018.T...Read More

While recognising that flow-through financing, a tax-based financing incentive mechanism which allows companies to raise money at a premium to their share price, has and will continue to be a majorRead More

Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned. South Africa's largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provis...Read More

A surprisingly fast recovery in iron ore production by Vale, combined with increasing supply from China, and a possible rise in India, could combine to push iron ore prices downward in 2020 fromRead More