TD Securities global head of commodity strategy Bart Melek discusses how coronavirus is affecting metals prices, including copper.Read full newsRead More
Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4. He argues that the comp...Read More
Gold has rallied sharply since the start of 2020 gaining 2% to be trading at around US$1,550 per ounce. There are signs that the yellow metal will make further gains during 2020, particularly as uncertainty grows and economic as well as geopolitical risks worsen.Rising fearA key risk weighing on stocks and supporting gold is the coronavirus outbreak. This is because there are very real concerns th...Read More
The TSX Index had a big year in 2019, with strong gains coming from a number of sectors.This has made it a bit more difficult to find deals in the Canadian stock market, but there are a few top companies that didn’t participate in the rally last year and appear cheap right now for buy-and-hold investors.Let’s take a look at one oversold dividend stock that might be an interesting pick...Read More
Canada's Quebec province. Stock image. The Mining Association of Canada (MAC) released its annual Facts & Figures report on Tuesday, saying it is time is for the industry to fulfill its potential as a dominant mining nation. The resource-rich country ranks among the top five countries in the global production of 15 minerals and metals. The industry was valued at $105 billion in 2018, and mine...Read More
At this point, most people seem to understand that clean energy isn't just the future...It's the present.We need to transition to clean forms of energy and we need to do it yesterday.But when it comes to making clean tech efficient and profitable, stumbling blocks continue to pop up.Resource scarcity, insufficient battery capacity, and inconsistent production from wind and solar sources are a few....Read More
Unlisted funds raised 12 times the amount for farmland versus mining investments. Image: Soligorsk, Belarus , Adobe stock. According to a new report by private capital tracker Preqin, fundraising for mining and metals investment slowed dramatically in 2019, falling to an eight year low. Aggregate capital raised to invest in farmland was 12 times that of mining, doubling from 2018 to $3.6 billio...Read More
Barrick's Kibali mine, Democratic Republic of Congo. Image from Rangold Resources. Global gold production is likely to keep falling, Barrick Gold (NYSE: GOLD TSE: ABX) boss Mark Bristow said on Tuesday. Bristow spoke at African Mining Indaba in Cape Town, the continent's biggest gathering of one of its most vital industries. In mid-January, the world's second-largest gold miner announced pr...Read More
The ????pler mine in eastern Turkey. Image by Alacer Gold Alacer Gold (TSX: ASR) (ASX: AQG) on Tuesday released its operating and financial results for the full-year ended December 31, 2019. The company had an "exceptional" year in 2019, generating more than $215 million in unlevered cash flow.With its operating foundation set as an intermediate producer, Alacer's focus for 2020 is to continue to...Read More
SQM evaporation ponds in Atacama, northern Chile. (Image courtesy of SQM.) Shares in lithium producers soared on Tuesday with the sector getting caught up in the investor enthusiasm for electric vehicle pioneer Tesla.Tesla's stock value has doubled since December, and the company is now worth more than Detroit's big three automakers - GM, Ford and Fiat Chrysler - combined. Only Toyota surpasses T...Read More
Feb 04, 2020 Guest(s): Jerry Hicks Sales and Business Development Manager, Perth Mint As the Perth Mint saw record sales last year of gold coins, fueled by strong retail demand from Germany, but the big buyers of physical gold to emerge over the last decade remain central banks, this according to Jerry Hicks, sales and business development manager of the Perth Mint."Certainly, the big story over...Read More
Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4. He argues that the comp...Read More
Gold saw a slight rally in the first month of 2020 going from $1520 to breifly go past $1600 on the Iran issue, then leveling off in the upper $1,500 range. Silver is pretty much unchanged however platinum and palladium both showed great gains in the first month of the year. Most miners and explorers have showed little reaction to this price movement. Infact although gold is at historic highs in a...Read More
2019 started off not to bad for the junior mining sector. A lot of the smaller players were looking poised to rally on optimism of higher gold prices. Sure enough gold prices did rally this year hitting the $1,500 USD range. In other currencies like here in Canada the price of gold hit historic highs. The juniors on the other hand have hit historic lows. Volumes of most have all but dried up and p...Read More
Today, August 7, 2019, gold broke out past $1,500 USD per ounce. It's still got a ways to go to break past it's old 2011 high of $1900 but in other currencies this metal is really shining. In CAD the price hit a new all time high of $2011. In AUS the price hit $2224 and in New Zealand the price hit $2330 per ounce. Silver is also starting to makes some moves but still has a long way to go to catch...Read More
I was reading a recent article the other day about how central banks are buying gold at a record pace. Infact the amount of gold purchased in 2018 by central banks over the most recent four quarters was higher than any calendar year since 1971. That was when Richard Nixon pulled the U.S. off the gold standard monetary system at a time when gold was worth $35 a troy ounce. Over the 12 months throug...Read More
Steel and aluminium market participants were disappointed with the outcome of their efforts to convince President Donald Trump's administration to extend the Section 232 tariffs to downstream product imports, which have surged into the United States in the past year."I try to maintain a positive outlook at all times, and it's clear we have convinced the Department of Commerce that 232 has created...Read More
So far the first six weeks into 2019 has been a pretty impressive go when it comes to the metals and a lot of the mining stocks in general.While gold is up over $1,300 US and holding around $1,310, palladium has surpassed the price of gold by a long shot with asks in the $1,410 US range. I was reading somewhere that some experts are calling for $2,000 US palladium this year.Quite a bit of news abo...Read More
We've been following Guyana Goldstrike GYA for well over a year now and for a lot of good reasons. It's not only the company we tend to follow but also the country of Guyana itself and what's happening with some of the other juniors that are in the country. Reason being, what's happens to one company can effect another. But getting back to Guyana Goldstrike, it's one of the few juniors that has be...Read More
London Metal Exhchange three-month base metals prices absorbed any residual optimism from the People's Bank of China's 1.2 trillion yuan ($174 billion) boost to liquidity to close the day little-changed on Tuesday February 4. "Much of the dip-buying interest seen in the early Asian trading session on Tuesday February 4 appears to be a false dawn," Fastmarkets analyst Andy Farida said. "The LM...Read More