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1. The Corona war intensifies, and now the enemy has an air force! Health organizations like WHO are declaring the enemy virus airborne.2. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is going "better than expected".3. Please click here now. Double click to enlarge what is probably the...Read More
What a start to the week. The Dow was down 2,250 points when markets opened, a loss of 9.7%. The S&P 500 opened down 8.4%, and the NASDAQ started down 6.1%. The TSX nosedived 11.4% with even safe dividend stocks on sale. The Dow finished Monday down 3,000 points, its worst performance since 1987. The tech-laden NASDAQ suffered its single worst stock market crash in history.Wall Street’s...Read More
Stock image. As part of its "Blurring the Lines" initiative, the Mine Safety and Health Administration (MSHA) is now implementing plans to dramatically change its internal organization for enforcement and has released a map showing the new hierarchy. Before, individual coal and metal/non-metal districts reported directly to a coal or metal/non-metal administrator at headquarters in Arlington. Now...Read More
Last week, during a trip to the supermarket, I saw bare shelves where the toilet paper should have been. It was the same story in the case where the milk was kept, and again in the aisle where they keep the bottled water. I didn't check the hand sanitizer, but I have no reason to think it wouldn't have been the same there. When I went to check out, I saw a man with his arms full of hand wash liq...Read More
I'll be honest.I didn't take the coronavirus seriously at first.I'm not a reactionary person and I've seen similar panics spring up around Ebola and SARS.Even now, the fact that I'm in my 30s means that even if I contract the disease, I'll have a 99.8% chance of survival.I'm no stranger to market crashes, either.I first started in this business in 2007. I barely had a year before the greatest fina...Read More
Pan American's Huar??n polymetallic silver mine in Peru. Photo by Pan American. Pan American Silver (NASDAQ: PAAS, TSX: PAAS) announced that operations at its four mines in Peru: Shahuindo, La Arena, Huaron and Morococha, are temporarily suspended, in accordance with government-mandated restrictions in response to Covid-19. On March 16, the government of Peru declared a National State of Em...Read More
Sampling at Kahuna. (Image courtesy of Dunnedin Ventures ) Publicly traded Kodiak Copper, a portfolio company of the Discovery Group that was formerly Dunnedin Ventures, will focus on copper porphyry exploration in Canada and the U.S. The company's three projects are all wholly owned and include the Trapper and MPD copper-gold properties in B.C. and the Mohave copper-molybdenum-silver asset in...Read More
Borehole extensometer Credit: Yieldpoint Sensemetrics, an industrial internet-of-things (IIoT) and cloud technology company, has announced a co-development and go-to-market partnership with Yieldpoint, a Kingston-based instrumentation company, to venture into the underground mining market. The companies will initially focus on mines in the Americas and Australasia.Under the terms of the agreemen...Read More
Calcining plant Credit: Metso Metso has signed a contract for the delivery of a calcining system to a customer in Russia. The order, valued at approximately ?,?30 million, has been booked in the company's first quarter orders received. The system is expected to start up in 2023. The system is expected to start up in 2023 The circuit features two calcining lines with a total capacity of approxima...Read More
1. The Corona war intensifies, and now the enemy has an air force! Health organizations like WHO are declaring the enemy virus airborne.2. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is going "better than expected".3. Please click here now. Double click to enlarge what is probably the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 17.Click on...Read More
Weekly Reports |Mar 17 2020Uranium prices have not gone into a spiral along with other assets, but weakness prevails nonetheless.-Uranium mining stocks fall net -17%-DoE asks for comments on US government uranium purchases-Paladin Energy sells KayelekeraBy Greg PeelThe recent coronavirus outbreak has triggered questions related to certain commodities markets, notes uranium industry consultant Trad...Read More
London Metal Exchange three-month base metals prices largely traded down at the close on Tuesday March 17 with risk-aversion from the global spread of the coronavirus (CoV-2019) and associated corporate shutdowns weighing heavily on the complex."Global financial markets remain rattled while the virus wreaks havoc across Europe and the United States," Fastmarkets research analyst Andy Farida said....Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 17, 2020The Corona war intensifies, and now the enemy has an air force!Health organizations like WHO are declaring the enemy virus airborne. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is go...Read More
Jack ChanPosted Mar 17, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation continues to pullback from recent high..Speculation on silver should show a much lower number next week.We iden...Read More
The precious metals basket has fallen well below recent highs.Gold, which had flirted with the US$1,700 an ounce mark just last week, has since fallen below $1,500/oz on the spot market despite interest rates being slashed to near-zero as countries move to combat the economic impact of the coronavirus. "Gold has not been the hedge many thought it would be, falling as investors sell their hold...Read More
"It may be too early to call the bottom, but we believe the sector now offers attractive value," said RenCap. The bank said its top picks were Rusal, BHP and Alrosa.Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More