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Tech Talk for Monday December 16th 2019

December 16, 2019 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P500 futures were up 14 points in pre-opening trade.Cineplex (CPX $24.01) is expected to open higher after Cineworld offered to acquire the company for $34 per share cash. Value of the offer is $2.1 billion.International Flavours and Fragrances (IFF $133.98) has agreed to merge with Dupont's nutrition unit in a deal valued at $26.2 billion....Read More

GLOBAL ANTIMONY SNAPSHOT: Chinese producers cut offers to generate cash; demand stagnates in Europe

December 17, 2019 / www.metalbulletin.com

Key data from the pricing sessions in Asia and Europe in the week to Friday December 13. China Key drivers  The price of antimony, MMTA standard grade II, ddp China recorded of a drop of 2.6% in the week ended December 13 after an increasing number of suppliers slashed offer prices further to promote sales and generate cash.  Widespread pressure to generate cash by the end of the ye...Read More

GLOBAL SILICON SNAPSHOT: US price falls 5% on oversupply; European prices supported by firm offers

December 17, 2019 / www.metalbulletin.com

Key data from the pricing sessions in New York, London and Shanghai for the week ended Friday December 13. United States Key drivers  Monthly spot silicon price dropped again, following a brief plateau in November after 19 straight months of decline.  Domestic producers' cuts are being felt, but cheaper imports of silicon metal to the US mean oversupply endures.  Some sources see ri...Read More

Central Banks Pushing for Negative (Real) Interest Rates

December 16, 2019 / dailyreckoning.com

This summer I was in Bretton Woods, New Hampshire, along with a host of monetary elites, to commemorate the 75th anniversary of the Bretton Woods conference that established the post-WWII international monetary system. But I wasn't just there to commemorate the past -I was there to seek insight into the future of the monetary system.One day I was part of a select group in a closed-door "off the...Read More

Rickards: World on Knife Edge of Debt Crisis

December 16, 2019 / dailyreckoning.com

Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, "If something cannot go on forever, it will stop."The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to dominate economic debate.Stein's remark is like a bucket of ice water in the face of those denying the reality of nonsustainability. St...Read More

Trade log December 2019: Cobalt sulfate

December 17, 2019 / www.metalbulletin.com

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5%...Read More

State-owned Codelco struggles to maintain output

December 16, 2019 / www.northernminer.com

In October, the wheels started turning on one of the world's largest conveyor systems. Once in full operation, 14 kilometres of belts will bring 140,000 tonnes of ore a day to surface from huge tunnels carved out beneath Codelco's giant Chuquicamata pit in northern Chile.The operation represents the future of Chile's mining industry, Chilean President Sebastian Pi??era said at its inauguration in...Read More

Endeavour Mining and Centamin agree to explore potential merger

December 16, 2019 / www.northernminer.com

Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an almost $4-billion market value and annual output of more than 1.2 million ounces.The announcement follows weekend talks in Perth, Australia, between Endeavour's chief executive, S?(C)bastien de Montessus, and Centamin's cha...Read More

Equinox Gold to buy smaller rival Leagold for $770M

December 16, 2019 / www.northernminer.com

Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3 million (US$578 million).The offer, which implies a no-premium consideration of $2.70 per share, will add Leagold's four mines in Mexico and Brazil to Equinox's portfolio, consisting of two mines in Californ...Read More

Trade war pause brightens copper outlook

December 16, 2019 / www.northernminer.com

U.S. President Donald Trump signed off on a phase-one trade deal with China on Dec. 13 to avert a planned round of tariffs on US$160 billion of consumer goods. The news sent copper rallying to a several-month high of over US$6,170 per tonne (US$2.80 per lb.), and generated renewed optimism for the red metal's fundamentals heading into 2020.Consensus forecasts for copper are guardedly bullish headi...Read More

US markets rise, Dec. 9-13: Rio Tinto, Newmont Goldcorp

December 16, 2019 / www.northernminer.com

The Dow Jones Industrial Average rose 0.43% to 28,135.38 and the S&P 500 Index gained 0.73% to 3,168.80. Spot gold climbed US$16 per oz. to finish at US$1,475.70 per ounce.Shares of Rio Tinto jumped US$2.35 to US$57.72 on news about its Oyu Tolgoi mine in Mongolia. The company announced unanimous approval of a resolution by the Mongolian parliament that instructs the government to look for ways to...Read More

TSX Venture moves higher, Dec. 9-13: Victoria Gold, Metalla Royalty, O3 Mining

December 16, 2019 / www.northernminer.com

The S&P/TSX Venture Composite Index moved 0.50% higher to 540.53, while spot gold finished at US$1,475.70 per oz., up US$16 per ounce (1.10%).Shares of Victoria Gold jumped 51 ? to $8.56 in the wake of assay results from trenches in the Nugget zone - part of its Raven discovery in the Yukon. The latest assay results extend surface mineralization over 200 metres east and 250 metres southeast from t...Read More

TSX posts marginal gain, Dec. 9-13: Kirkland Lake, Pan American, Centerra

December 16, 2019 / www.northernminer.com

The S&P/TSX Composite Index rose 0.04% to 17,003.10. The S&P/TSX Global Mining Index rose 3.80% to 80.99 and the S&P/TSX Global Base Metals Index gained 4.97% to 109.84. Spot gold climbed US$16 per oz. (1.10%) to US$1,475.70 per oz., and the S&P/TSX Global Gold Index advanced 3.02% to 251.40.Kirkland Lake Gold topped the list of value gains during the trading week, jumping $3.03 to $56.64 per shar...Read More

Price gives synthetic diamonds upper hand

December 16, 2019 / www.mining-journal.com

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDThe answer, unfortunately for diamond mining companies, is that an increasing number of consumers are choosing synthetic diamonds over the mined vari...Read More

Exclusive Mining Journal - @LSEplc panel - #London is still the home of big #money for mature #opportunities - Find...

December 16, 2019 / twitter.com

"Exclusive Mining Journal - @LSEplc panel - #London is still the home of big #money for mature #opportunities - Find out more - https://t.co/wJUOrjJxEL#aspermont #mining #mjselect #miningnews #finance #stocks #equities"Read full newsRead More

Chris Blumas of GlobeInvest Capital gives his outlook for shares of Peyto Exploration. - My take Chris will eat his...

December 16, 2019 / twitter.com

"Chris Blumas of GlobeInvest Capital gives his outlook for shares of Peyto Exploration. - My take Chris will eat his words on this onehttps://t.co/07vG0ixUmf"Read full newsRead More

Tax loss shopping. Buying Empress Resources @EmpressResource at 2 cents this morning. Looking to be a precious meta...

December 16, 2019 / twitter.com

"Tax loss shopping. Buying Empress Resources @EmpressResource at 2 cents this morning. Looking to be a precious metals royalty and streaming company."Read full newsRead More

Deal mania continues: Newmont Agrees to Sell Its Interests in KCGM to Northern Star for $800 million #gold #mining...

December 16, 2019 / twitter.com

"Deal mania continues: Newmont Agrees to Sell Its Interests in KCGM to Northern Star for $800 million #gold #mining $NEMhttps://t.co/5lcxA6pxHz"Read full newsRead More

$AMAT - The Explosive Growth Of AI, IoT, And Big Data To Drive Applied Materials' Stock. Get more info on Seeking A...

December 17, 2019 / twitter.com

"$AMAT - The Explosive Growth Of AI, IoT, And Big Data To Drive Applied Materials' Stock. Get more info on Seeking Alpha: https://t.co/1gTxkGUfAp #stocks #stockmarket #investing"Read full newsRead More

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