Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected.Read full newsRead More
The stock market crash and subsequent rally have dominated the news in North America for the last few months. First, it was the market crash making all the noise as stocks sold off at a rapid pace. Now, as the market has come storming back it’s the rally that everyone’s talking about.Stocks began to sell off in late February as it became clear coronavirus wasn’t going to be an ov...Read More
Publisher's Note: I had the honor once again of getting access to former U.S. Energy Secretary Spencer Abraham. This comes in the wake of the Nuclear Fuel Working Group's report to President Trump that included, among many other things, direct purchases from U.S. uranium producers to create a National Uranium Reserve. Currently, the U.S. produces zero uranium. So today, right now, is the ground fl...Read More
Orica, highly levered to mine production volumes through its four million tonnes a year ammonium nitrate (AN) production and explosives business, has seen its share price bounce back from last month'sRead More
Four of the world's top artificial intelligence-focused venture capital funds, Baidu Ventures, DCVC, 8VC and Grids Capital, participated in the raising.Read More
Today is Saturday, May 9, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,718.20. It's up 0.88% from yesterday and up 33.76%...Read More
Today is Saturday, May 9, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of California Resources Corporation (NYSE: CRC), Altus Midstream (NASDAQ: ALTM), and CONSOL Energy (NYSE: CEIX).California Resources Corporation (NYSE: CRC)California Resources Corporation (NYSE: CRC) is a $115.5 million company today with a one-year return of -89.02%. Let's look at...Read More
Today, on INK Ultra Money we get a great overview via Real Vision on how AI can be used by investors. We also hear about a junior gold miner that looks like it could do well under either a deflationary or inflationary environment.Canadian Insider Club Ultra members have full access to both free and premium content. If you are not an Ultra member, join us or upgrade today.1. AI the new Frontier...Read More
The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More
Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More
China produced 6.08 million tonnes of crude stainless steel in the first quarter of 2020, down by 9.04% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Thursday May 7.Apparent consumption totaled 4.90 million tonnes in the first three months of this year, down by 806,100 tonnes or 14.12% from the same...Read More
Member mills of the China Iron & Steel Association (Cisa) raised their production rates in late April on steady demand and healthy profits, according to data released on Friday May 8.April 21-30 outputCrude steel: 2.01 million tonnes per day, up by 3.1%Finished steel: 2.04 million tpd, up...Read More
The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More
If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More
The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid-19 pandemic. For producers of energy-intensive metals like aluminium, and in particular the low-cost ones, the benefit is even greater. It's an emerging trend that is starting to be reflected in the earnings of corporates in...Read More
The Covid-19 pandemic may well provide Freeport-McMoRan with a silver lining it had never expected. The US copper producer is discussing with the government of Indonesia what should be done with the planned smelter in the Gresik region in the province of East Java. It has been forced to delay the completion timeline of December 2023 for the plant, due both to Covid-19-related disruptions to the wo...Read More
With the supply/demand balance moving in favor of miners, the outlook for uranium stocks is the brightest it has been in years, according to McAlinden Research Partners. SUMMARY: Uranium has been enjoying a stealth bull market due to the coronavirus outbreak. Temporary mine closures to slow the spread of the virus at production facilities have triggered an unexpected supply squeeze, sending the pr...Read More
There are as many ways to play the PM sector as there are investors. Some will only buy the big cap PM stocks for safety. Others will only buy the mid cap producers. Some will only buy a mix of big caps and mid cap producers. And then there are the PM stock investors that will only play the juniors. Each has its own advantage depending on your risk tolerance. Some of you are wondering why is Rambu...Read More
Chris Vermeulen, CEO & Founder of Technical Traders Ltd., joins Tom Bodrovics at Palisade Radio to discuss the markets and Chris says, “This is the time to really be paying attention to the markets… It could be a bloodbath.”Chris is seeing uncertainty that could bring equities lower as money is flowing into safe havens. The charts are showing that markets are approaching a m...Read More
Gold stocks are the crazy ride in the markets. The swing are so great it does not matter if you miss a bullish the break out as another deep pull back allows you to enter with ease. The good news is the (!XAU) PHLX Gold/Silver Index (in the chart below) is very friendly to price cycles. These cycles can be used for timing markets, it also makes it clear if you fight the price cycle you may be in l...Read More