The US Dollar so far this year, has been very week, losing nearly 10% of its value. This decline might have influenced investors to go long the Euro. Below looks at sentiment towards the Euro, that we shared on our Twitter & Stocktwits accounts 9-days ago.CLICK ON CHART TO ENLARGEThe chart above reflects that bullish sentiment towards the Euro is historically high and in the past when it reached...Read More
By Adam ClarkGlencore PLC (GLEN.LN) said on Tuesday that it intends to issue $500 million in cash-settled convertible bonds due 2025. The mining company said the net proceeds of the offering will be used for general corporate purchases. Glencore said the bonds won't carry any interest and will be issued at between 93.25% and 98.25% of their nominal value of $200,000 each. Glencore said the initial...Read More
By Adria CalatayudRio Tinto PLC said Tuesday that it is launching a bond purchase and redemption plan worth up to $2.25 billion to reduce its gross debt. The Anglo-Australian miner said it has issued redemption notices for approximately $1.4 billion of its U.S. dollar-denominated notes maturing in 2021 and 2022. It has also started invitations to holders outside the U.S. for up to $850 million eq...Read More
By Oliver GriffinGlencore PLC said Tuesday that it has acquired Rio Tinto PLC 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource, for $1.7 billion. The mining company said the remaining 18% of Hail Creek is currently owned by Nippon Steel Australia Pty Ltd, Marubeni Coal Pty Ltd., and Sumisho Coal Development Pty Ltd. E...Read More
By Oliver GriffinRandgold Resources Ltd. said Thursday that its Kibali gold mine, which it owns with AngloGold Ashanti Ltd. (ANG.JO), has resigned from Federation des Entreprises du Congo, the Democratic Republic of Congo's chamber of commerce, with immediate effect. The gold miner said that the Kibali mine, accompanied by Glencore PLC Mutanda Mine, and China Molybdenum Co. Ltd.'s (>> company sh...Read More
By Scott Patterson Glencore PLC has agreed to sell a large chunk of its cobalt production to a Chinese company, a person familiar with the matter said, marking another victory for China in a race to lock up supplies of an important metal used in batteries for electric vehicles. Glencore, the giant Swiss commodity producer and trader, signed a deal several weeks ago to provide more than 50,000 me...Read More
By Jacob Bunge and Dana Mattioli This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 10, 2018). Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, people familiar with the matter said, throwing into question a combination that could have formed one of the...Read More
By Jacob Bunge and Dana Mattioli Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, people familiar with the matter said, throwing into question a combination that could have formed one of the world's largest agricultural conglomerates. The two companies, among the largest global traders and processors of farm commodities, have been unable to reach an agreement despit...Read More
By Ira Iosebashvili Gold prices fell Wednesday, as investors locked in recent gains on the metal ahead of key U.S. economic data later in the week. Gold for April delivery was down 0.6% at $1,327.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices for gold, a popular destination for nervous investors, hit $1,342 a troy ounce Tuesday evening after economic adviser G...Read More
By Ira Iosebashvili Gold prices fell Wednesday, as investors locked in recent gains on the metal ahead of key U.S. economic data later in the week. Gold for April delivery was recently down 0.6% at $1,326.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices for gold, a popular destination for nervous investors, hit $1,342 a troy ounce Tuesday evening after economic...Read More
By David Hodari LONDON--Copper prices dropped on Wednesday, with growing fears of global trade disputes souring sentiment across the metals complex. The industrial metal fell 0.66% to $6,946.50 a metric ton in midmorning trade. Gold prices also fell, ticking down 0.12% to $1,333.11 a troy ounce, pausing from their recent ascent after gaining 0.8% so far this week. The pressure on metals prices...Read More
ORENINC INDEX - Monday, March 19th 2018Last week index score: 26.73This week: 40.03 Prospero Silver (TSXV:PSL) discovered a new gold & silver-bearing epithermal vein system during a three-hole drill program at the Pachuca SE project in Hidalgo, Mexico.Avrupa Minerals (TSXV:AVU) said its C$500,000 private placement financing is fully subscribed.The Oreninc Index surged in the week ending M...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 70.07 M OF 1.79 G/T GOLD AT THE SECRET PASS DEPOSIT STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the Secret Pass deposit, within the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Hole IDFromToLengthAu(m) (m) (m) (g/t)SP18-003C* 152.86222.93 70.071.79includi...Read More
As a result of the negative correlation between the U.S. dollar and gold prices, a weakening U.S. dollar would mean that we could expect rising gold prices, and a strengthening U.S. dollar would mean that we could expect falling gold prices.Typically, when the U.S. dollar loses value, investors look for alternate investments to store value.The opposite of Bitcoin, which is trading at US$8,493.02,...Read More
Dr. Quinton Hennigh reportsNOVO PROVIDES AN EXPLORATION UPDATE FROM COMET WELL Novo Resources Corp. has provided an update of exploration activities at Comet Well, part of Novo's greater Karratha gold project located in the Pilbara region of Western Australia. Trenching, bulk sampling and scout diamond drilling are currently under way, and the first results from recently collected bulk samples are...Read More
Mr. Nav Dhaliwal reportsBONTERRA CONTINUES TO DEMONSTRATE CONTINUITY OF THE GLADIATOR GOLD DEPOSIT INTERSECTING 16.9 G/T GOLD OVER 6.5 MBonterra Resources Inc. has released initial results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 16.9 grams per tonne gold over 6.5 metres. High-grade intersections from four recent drill holes continue...Read More
We all know by now that marijuana has taken over the United States and Canada.The U.S. market is projected to be a $14.5 billion business this year.Canada is opening its doors for full regulation this summer, and is slated to bring in around $10 billion. Those are both massive markets, and I'm heavily exposed to each. But that isn't what I'm excited about right now. I'm waiting for the entire glo...Read More
China is the world's biggest gold producer, accounting for 15% of global output.And in 2017, its production tumbled 9% - a record drop.This is not a typical occurrence.In fact, it's only the second time since 1980 (37 years) that China's gold output has fallen. But since 2016, authorities in Beijing have increased their scrutiny of gold mining. That's led to broad closure of smaller mines in the c...Read More
The latest trends in the market have been down, signaling a new phase in which investors are more tepid, says Kevin O'Leary, Chairman of O'Shares ETFs, and star of the hit TV show "Shark Tanks." "You can start to see the old days are back, everything old is new again, volatility's back, and investors have a chance to decide everyday whether to get in or out based on the tone of the market, which...Read More
Gold is trading under pressure today, currently trading off by $7.80 and fixed at $1,310. As of 4:51 PM Eastern standard time, gold prices have given up all of yesterday’s gains and closed at below yesterday’s open.However, yesterday’s gains, as well as today’s selloff, have been a direct result of dollar strength and dollar weakness.Monday's moderate gains resulted in a $2...Read More