The German bank has adjusted its global growth forecast to 0.8% for 2020, down from 3.2% last yearRead full newsRead More
There’s at least one way to play the stock market crash. Some people are selling into the rallies, though such events are rare right now. Others are buying shares in their oversold wish-list companies. But there’s another way to navigate the coronavirus sell-off: stock picking. In other words, investors should disregard indexes that track the market. Instead, they should buy what&rsquo...Read More
Moss Gold Mine. Image by Northern Vertex Mining. Northern Vertex Mining (TSX.V: NEE) announced Thursday the receipt by its wholly-owned Arizona subsidiary Golden Vertex of final federal permitting approval for the Phase III expansion at the Moss Mine. This permitting approval allows the company to expand itscurrent operations from its patented claims onto its surrounding unpatentedclaims on fed...Read More
Automine for trucks Credit: Sandvik Sandvik has introduced AutoMine for trucks, which allows autonomous haulage not only underground but now also on the surface. According to the company, this is a first for autonomous haulage in underground mining settings. This is a first for autonomous haulage in underground mining settings Behind the new capability is a smart handover technology that allows...Read More
Matawine property Image from Nouveau Monde. Nouveau Monde Graphite has released updated resources for the West Zone deposit at its Matawine graphite project, 150 km north of Montreal.Updated measured and indicated resources increased by 25%, to 120.3 million tonnes grading 4.26% carbon graphite for a total of 5.1 million tonnes of contained graphite. Additional inferred resources are at 4.5 mill...Read More
Adobe Stock Key moves in the Canadian mining sectorElaine Dorward-King has been appointed to the board of Bond Resources.Drew Anwyll is now COO of Generation Mining; most recently, Anwyll was senior VP of technical services, interim COO, VP of operations and mine general manager for Detour Gold.Paul Berndt has resigned from the board of Happy Creek Minerals.Brad Mercer has resigned from t...Read More
Northern Lights at Agnico Eagle Mines' Meadowbank mine, Nunavut. Image by Agnico. Agnico Eagle (NYSE: AEM, TSX: AEM) announced Thursday it will send home its Nunavut-based workforce from the Meliadine and Meadowbank operations as well as the exploration projects for a period of four weeks to prevent Covid-19 spread. At the present there are no confirmed cases of Covid-19 in Nunavut or at any of...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 19 that are worth another look.Automobile manufacturers General Motors (GM) and Mercedes-Benz have enforced "collective holidays" at their Brazilian operations starting from March 30, in response to the novel coronavirus outbreak (2019-nCoV), the companies said on Wednesday March 18.Japan's demand for aluminium is the highes...Read More
The London Metal Exchange three-month copper price slightly improved at the close on Thursday March 19, up by 2% but firmly below the $5,000-per-tonne resistance level, while nickel recorded its highest daily trading volume since November 2016. Copper's underlying price on the LME closed at $4,830 per tonne this afternoon, while turnover was once again just below 30,000 lots over the day.Yet buyin...Read More
Japan's demand for aluminium is the highest in Asia but recently has been falling fast due to a slowing economy and the coronavirus (2019-nCoV) outbreak affecting downstream demand. Japan is the biggest buyer of aluminium in Asia, typically ratcheting up to more than 1 million tonnes per year of imports, but the industry is now experiencing a period of increasingly weak demand. According to t...Read More
Bob Moriarty ArchivesMar 19, 2020Every time the price of gold and silver go down in a big way, the manipulation/conspiracy crowd come creeping out of their rat holes to start preaching about naked short selling and a disconnect between physical metals and paper markets. As you will see, both issues tend to reveal how little these guys understand about how markets and people work in the real world....Read More
The company proposed the change in January, "to best reflect the company's focus on developing its Pulacayo silver project in Bolivia", along with a possible share consolidation of one for every 5-10Read More
Japan's demand for aluminium is the highest in Asia but recently has been falling fast due to a slowing economy and the coronavirus (2019-nCoV) outbreak affecting downstream demand. Japan is the biggest buyer of aluminium in Asia, typically ratcheting up to more than 1 million tonnes per year of imports, but the industry is now experiencing a period of increasingly weak demand. According to t...Read More
It's now a $9.5 billion company (US$5.4 billion), with the market crash knocking 38% of its value since the Covid-19 coronavirus panic got going on January 22.Read More
Key pricing data from the alumina index, fob Australia pricing session on Thursday March 19. Key drivers: Fastmarkets' daily alumina index, fob Australia declined 4.6% to $283.11 per tonne on Thursday, down from $297.23 per tonne the previous day and down 6.5% week on week when it was at $303.17 per tonne. A fresh deal concluded today for 30,000 tonnes of Indonesian material at $275 per tonne for...Read More
(March 18, 2020)Before we look at tonight's charts I would like to take a minute and explain to our new members how we manage the different portfolios. We have 3 different portfolios, the Kamikaze, Leveraged and the PM Stocks Trade portfolios with each having $100,000. That $100,000 in each portfolio is then broken down into $5000 increments for each trade giving us a total of 20 trades for each...Read More
By: Gary Savage As I have said before, this will form a final 4-year cycle low, a bounce, then retest of the lows again but then..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold $200 an ounce from the highs. Liquidity needs. Technically speaking, PAY ATTENTION: ranges are starting to narrow, innately -- but volatility is being taken out:Read More
The U.S. dollar has been one of the few big winners lately, but this is hardly a good thing. If the greenback continues to strengthen, it will hurt U.S. multinationals whose overseas revenues are reckoned in currencies that would be falling. In addition, all who owe will need to repay their loans in dollars more dear than at the time they were borrowed. And it will sink prices for a broad vari...Read More