Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More
This rare signal suggests otherwiseThe S&P 500 Index (SPX) has been ripping higher since Christmas. In fact, it's up 15% over the last 50 trading days, which is the best 50-day return in more than seven years. The obvious question is whether 15% in 50 days is too far, too fast? In other words, are we due for a pullback, or some sort of pause? This week, I'll look at the past to see how stocks perf...Read More
• The prevalent cautious mood underpins the commodity’s safe-haven demand. • A modest USD rebound and positive US bond yields seemed to cap strong gains. • Traders now eye US durable goods orders data for some meaningful impetus. Gold held on to its positive tone through the early European session on Wednesday and remained...Read More
(Updates prices) * British lawmakers to vote on no-deal Brexit at 1900 GMT * SPDR gold holdings rise for second day * Silver hits highest since March 1By Sumita LayekMarch 13 (Reuters) - Gold rose to a near two-week peak onWednesday, holding above the key $1,300 mark as uncertainty overBritain's exit from the European Union drove investors to safehaven assets.Spot gold was up 0.4 percent at $1,306...Read More
Brazil's government wants to enact rules that allow mining in indigenous reserves which occupy 13 percent of the country's territory and hopes it can get Congress to reconsider a decades-old proposal to do so, a Mines and Energy Ministry official told Reuters.Mining Secretary Alexandre Vidigal de Oliveira was asked to clarify comments made last week by Mines and Energy Minister Bento Albuquerque,...Read More
One of Australia's largest high-grade nickel producers, Western Areas (ASX: WSA), reported a significant increase in inbound off-take inquiries for nickel sulphide concentrate post current contract periods.According to the company's Managing Director, Dan Lougher, this new trend is primarily linked to the accelerating electric vehicle battery sector.Addressing the second day of the Paydirt 2019 Ba...Read More
White Metal Resources (TSXV: WHM) announced this week that it signed an agreement to acquire a 100% interest in the Seagull Lake palladium-platinum property from its partners Rainy Mountain Royalty and Canadian International Pharma Corp.Seagull Lake is located approximately 90 kilometres north-northeast of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2128 h...Read More
Gold could rise to $1,310 in the next 24 hours, having generated a strong bullish cue in late NY/early Asian session. The yellow metal is currently trading at $1,304 per Oz - up 1.87 percent from the recent low of $1,280. Prices crossed $1,300 in the overnight trade confirming an upside break of the bearish broadening channel on the 4-hour chart. The bullish breakout has strengthe...Read More
* European stocks climb as oil, Brexit hopes boost market * Adidas down on warning supply chain issues to crimp sales * Inditex slides as pace of store closures surprises* Sterling recoups some losses (Updates prices, adds quotes)By Julien Ponthus and Helen ReidLONDON, March 13 (Reuters) - European shares jumped onWednesday as investors bet British lawmakers would vote toreject a disorderly no-dea...Read More
Highlights: Stocks lost ground against bonds and gold. S&P 500 rejected the important resistance range of 2800-2820. The VIX bounced over 18% as volatility came back into the equities markets. Small caps were the worst performers from a factor perspective. Low volatility was the best performing factor. Bonds, Gold, and the US dollar had strong weeks. Growth continues to slo...Read More
Gold had a rough time since February 20.The ECB did not help the yellow metal.Another in a series of higher lows could be in the cards.Levels to watch in gold.Buying gold stocks - FNV offers value.Gold has been facing lots of adversity lately. On Friday, March 1, the price of the yellow metal dropped like a stone and took out the $1300 per ounce level. Last week, gold moved lower reaching a low th...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) took a hit on Wednesday as the miner disappointed investors by withholding its full-year dividend, citing uncertainty about the global diamond industry as one of the main reasons.The London-listed miner, which reported a sharp increase in annual profit thanks to record recoveries of large diamonds, said it had decided to strengthen its balance shee...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) took a hit on Wednesday as the miner disappointed investors by withholding its full-year dividend, citing uncertainty about the global diamond industry as one of the main reasons.The London-listed miner, which reported a sharp increase in annual profit thanks to record recoveries of large diamonds, said it had decided to strengthen its balance shee...Read More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More
Axel Merk, President and Chief Investment Officer of Merk Investments, sponsor of the VanEck Merk Gold Trust, joins us today to discuss gold delivery.OUNZ is the only ETF to offer a patented gold delivery process.When you own gold in the VanEck Merk Gold Trust, you have a pro rata ownership in the underlying gold. So, when you take delivery, nothing happens from a tax point of view with regard to...Read More
Barrick Gold ended an $18 billion Newmont Mining hostile bid in favor of a Nevada joint venture. Barrick Gold stock rose; Newmont Mining stock fell.Read full newsRead More
Gold revisits month-start levels by nearing $1306 ahead of London open on Wednesday. Brexit and trade developments can act as near-term catalysts. $1302 and $1308 are likely immediate levels to watch. Gold trades near the highest level in two weeks, around $1306, on early Wednesday. The yellow metal crossed 50-day simple moving average (SMA) for the first time since November 2018 as latest commu...Read More
There appears to be a consensus among insiders that stocks are likely to face significant resistance at current levels. On Monday, we suggested that insiders were signalling that 1,160 would be a tough nut the crack for the INK Canadian Insider Index. We see the same dynamic playing out in US markets.Stalling insider sentiment suggests stocks may have a hard time advancing Like our Canadian-foc...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More