These results could improve the project's economics and indicate bulk mining is possible there, according to the company. Wallbridge Mining Co. Ltd. (WM:TSX) hit wide zones of gold mineralization on drilling, which suggests bulk mining is possible in Area 51 of its Fenelon gold project in Quebec, the company announced in a news release. These wide intersections of near-surface gold mineralization...Read More
Infill drilling continues to further optimize the economics outlined in the study. B2Gold Corp. (BTG:NYSE; BTO:TSX; B2G:NSX) announced in a news release the results of the preliminary economic assessment (PEA) on Gramalote in Colombia after becoming the manager, on Jan. 1, 2020, of the joint venture gold project with AngloGold Ashanti. Using a $1,350 per ounce ($1,350/oz) gold price, the PEA outl...Read More
I most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart showing the Gold/Silver Ratio (GSR) and the S&P 500 (SPX), as it works better in providing a percentage-based relationship between an indicator of market liquidity and inflation when declining and lack of liquidity, deflation or&...Read More
Germans,like Indians and Chinese, love their gold - although their reasons for buyingand keeping bullion are somewhat different. InChina and India, gold jewelry is a status symbol - a sign of wealth andsuccess. In Germany, owning gold bars and coins, maybe a 24-karat necklace ortwo, is a means of preserving wealth, especially in times of war or economiccrisis, something never far from German...Read More
Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.Other outstanding hurdles to the deal include Jingye reaching an agreement.....Read More
The gold miners’ stockshave spent the past half-year mired in a high consolidation. They haven’t been able to break out, but aren’tbreaking down either. This technicalpurgatory is working to slowly bleed off overboughtness and rebalance sentiment. This necessary process to eradicate greedfrom the last upleg peak is never exciting. But today’s low gold...Read More
A summary of Anglo American's production results for iron ore in the fourth quarter and full-year 2019, as well as production guidance for 2020, following the company's report released on Thursday January 23. The South African Kumba unit increased production on both comparisons due to the Sishen mine improving operational performance and the Kolomela mine - both mines are part of the Kumba un...Read More
Our base scenario for 2020 is that it might be a worse year for gold than 2019 was. However, there are three major upside (and one downside) risks for the gold market, which could materialize in 2020. Today’s article will introduce you to these potential catalysts that could send gold prices higher (or significantly lower) in 2020.We stated earlier that unless something bad happens, 2020 may...Read More
Hebei Iron and Steel Group (HBIS), also known as Hesteel Group, has secured a yuan-denominated contract to buy iron ore from Vale, China's second-biggest steelmaker said this week.The contract was signed on Monday January 20 according to an announcement on the HBIS website on Thursday, and is worth around 200 million yuan ($29 million).The...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More
"On the latest Odd Lots episode, we speak with journalist and analyst Gregor Macdonald about why the transition to renewable #energy is happening fast, even in the absence of aggressive government subsidies. https://t.co/ksZ9o6yVoe via"Read full newsRead More
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"The biggest challenge #theFed faces currently is how to deal with a #recession. While the Fed talks about wanting higher rates of #inflation, it can't run the risk that #interestrates will rise.https://t.co/dmBgyLmbbd#fed #economy #banks #banking #economicgrowth #federalreserve"Read full newsRead More
"$FBMS - First Bancshares Is Aggressively Building Its Footprint, But Organic Loan Growth Is Lacking. https://t.co/FqsRchpaEK #trading #stocks #markets"Read full newsRead More
"$BP $BPAQF - BP Stock Offers An Estimated 9.4% Annual Total Return To The Dividend Yield Investor. https://t.co/38DCmL8G9G #trading #finance #markets"Read full newsRead More
"Weekly High Frequency Indicators: 2 Significant - But Contrary - Developments In The Long-Term Forecast. https://t.co/BdWlrCkBbO #stocks #investing #economy"Read full newsRead More
"@HenrikZeberg The action since peak lacks usual bearishness after such a peak, just saying. While big resistance above for sure someone keeps picking it up short term at 1550ish. China closed next week & NY & London in charge. Showdown at OK corral ?They usually take advantage, we'll see"Read full newsRead More
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"After reaching yearly resistance discussed in December (1588-1630), Gold in it's 3rd week of TIGHT RANGE consolidation. The banks are super short but keep failing to lower price under 1550 so far. Lunar New Year begins next week in China & Gold Mkt closed = NY & London in control"Read full newsRead More