PRIVATE BLOG - Gold for Monday 2/24/20Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne for the week to Monday February 24, unchanged fro...Read More
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.Canada's largest diversified miner will take a C$1.13-billion (US$852.12 million) write-down on the project, which it sa...Read More
When gold and gold stocks struggle in coming weeks, as I expect they will, it won't be because the COVID-19 threat has decreased. Instead, they will have been sabotaged by the excess bullishness that currently prevails among gold-market investors. This isn't to say a lessening of the virus' threat wouldn't also cause gold to recede from its recent seven-year high. But my argument is that gold will...Read More
Gold futures climbed Thursday, sending bullion up for a sixth straight session to its highest finish in seven years,as persistent worries about China's coronavirus and a benign interest-rate environment provide a runway higher for the precious metal. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak f...Read More
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India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
NEW YORK, Feb.24, 2020(GLOBE NEWSWIRE) -- RYAH Medtech Inc. ("RYAH"), announced today that it is preparing for the launch of a patented,...Read full newsRead More
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"Ariana Resources (#AAU) announces quarterly ops update for Kiziltepe.Gross income for the year is $45.1 million from production of 27,985oz of gold, exceeding its full year production guidance by 12%https://t.co/YUxonJouFK"Read full newsRead More
Tough times don’t last; tough people do. It’s a cliché, but it is a true cliché. Certain sectors are seeing a slowdown across the world. Factor in the threats of Coronavirus, and it looks like we are in for a scary situation for the next couple of months, at least. During times like these, it is best to avoid stocks and sectors that are not doing so well right now, such a...Read More
1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began long before Corona started, and it will likely continu...Read More
Gold prices have been rallying for the last more than six months amid volatile broader markets. Its continued rally will benefit gold miner stocks for two main reasons. Their direct correlation with the yellow metal prices and improved earnings due to realized gold prices. We will take a closer look at two top miner stocks, Kirkland Lake Gold (TSX:KL)(NYSE:KL) and Kinross Gold (TSX:K)(NYSE:KGC).So...Read More
Labrador Iron Ore Royalty (TSX:LIF) has been on my watch list since 2016, as it reached a low of $7.17 per share during a time where iron ore prices were struggling at $36 per tonne. After 2016, the iron ore price has skyrocketed, hitting a high of $120 per tonne in 2019! The price of iron ore is important for the company, as it directly correlates the amount of revenue it receives.While being cor...Read More
It’s finally happened. After shrugging off coronavirus and railway blockade fears for weeks now, the Toronto Stock Exchange looks to be in the midst of a major sell-off.I doubt the carnage will be over in the next couple of days, either. I still think many investors are underestimating the potential economic impact from this devastating disease. A significant slowdown coming out of China cou...Read More
No more haze. The global energy storage market is expected to balloon over the next 15 years, according to a report released by Lux Research."The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization," said analyst Chloe Holzinger, one of the repor...Read More
The Almaden project is Located 140 km north of Boise, Idaho, pictured here. (Wikimedia Commons) GoldMining (TSE: GOLD) has agreed to buy the Almaden (TSE: AMM) gold project in west-central Idaho from Sailfish Royalty for $1.2 million in cash and shares.Located 140 km north of Boise, the Almaden project is a historic, resource-stage property with 70,234 metres (934 holes) of drilling. It hosts ou...Read More
Corvus Mother Lode Project in Nevada (Credit: Corvus) Infill drilling at Corvus Gold's (TSE: KOR) Mother Lode deposit in Nevada has intercepted higher-grade and broader than expected mineralization.Highlights include 88.4 metres of 1.92 g/t gold and 56.4 metres of 1.92 g/t gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested...Read More
Rio Tinto and the Society for Mining, Metallurgy & Exploration announced a multiyear partnership during the SME's Conference & Expo in Phoenix, Arizona. (Credit: Rio Tinto) Rio Tinto and the Society for Mining, Metallurgy & Exploration (SME) signed a multiyear partnership that will provide professional development opportunities to Rio Tinto employees. The announcement came at SME's Annual Confere...Read More