Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky.The outlook for demand is running into troubling signs in the U.S. and China, the two biggest consumers. In early March, China cut its goal for economic expansion, while a report last week showed U.S. growth cooled more than forecast.In th...Read More
ATVI has struggled to break out, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 0.9% to trade at $46.44 this morning, after Wedbush added the video game maker to its "Best Ideas" list. In the note, the brokerage firm believes ATVI could see "significant outperformance" in 2019 and that strength continuing into 2020, when the company could realistically post earnings per share o...Read More
Eight men suffocated in an unauthorized gold mine in Peru after a tunnel they dug began spewing noxious fumes, local media reported on Sunday.Cesar Rondo, the only miner who survived the disaster, told local broadcaster RPP that the group became dizzy and suffered headaches in the tunnel. Rondo managed to drag himself out, but he lost his brother and colleagues inside.It was not clear who, if anyo...Read More
The previous chief executive of crop merchant Louis Dreyfus Company (LDC) was ousted after trying to start talks with Glencore Agriculture and other rivals, the Financial Times reported on Monday.LDC, one of the world's largest agricultural commodity traders, announced last September the surprise departure of Gonzalo Ramirez Martiarena, along with that of its finance chief, the latest in a series...Read More
Russian state-controlled miner Alrosa, the world's biggest producer of rough diamonds in carat terms, raised $11.8 million in its first New York diamond auction of the year, as it seeks to increase its activity in the United States.Rebecca Foerster, president of Alrosa, North America, said sanctions against some Russian companies did not diminish the appeal of Russian high quality diamonds.Alrosa...Read More
February retail sales data fell short of expectationsDow Jones Industrial Average (DJI) futures are signaling a positive start to a historically strong month, with the blue-chip index set to build on its first-quarter momentum. Encouraging factory data out of China is whetting investors' risk appetite today, with bulls shrugging off an unexpected drop in February retail sales data. Futures on the...Read More
Traders should watch the VIX 18 level as a warning sign that the massive short futures trade is set to unwindThe first quarter of 2019 is in the books. The S&P 500 Index (SPX - 2,834.40) logged an impressive 13% advance, following a lousy fourth quarter that saw the index lose 14%. In case you missed Schaeffer's Senior Quantitative Analyst Rocky White's Indicator of the Week commentary last Wednes...Read More
"While cannabis stocks and 2017-18's crypto craze are seen as major drains on #mining capital, Pure Gold Mining sees another major problem on the #TSX ($) | https://t.co/rYGOiWZLzQ"Read full newsRead More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The former Nanticoke Generating Station site, located on the northern shore of Lake Erie, has been transformed into a 44-megawatt clean energy facility that hosts 192,431 solar panels across 260 acres.The project has just been completed by PCL Construction, a company that was commissioned to design, engineer and build it, as well as supply the photovoltaic solar panels and racking system. Behind t...Read More
The former Nanticoke Generating Station site, located on the northern shore of Lake Erie, has been transformed into a 44-megawatt clean energy facility that hosts 192,431 solar panels across 260 acres.The project has just been completed by PCL Construction, a company that was commissioned to design, engineer and build it, as well as supply the photovoltaic solar panels and racking system. Behind t...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
Canada's Pure Gold Mining (TSX-V: PGM) expects to begin trading on the main market of the London Stock Exchange this quarter and so lift its international profile ahead of its transition to producer from developer.The Vancouver-based company said it doesn't intend raising capital in conjunction with the admission of its shares.Listing seeks lifting Pure Gold's international profile ahead of its tr...Read More
Canada's Pure Gold Mining (TSX-V: PGM) expects to begin trading on the main market of the London Stock Exchange this quarter and so lift its international profile ahead of its transition to producer from developer.The Vancouver-based company said it doesn't intend raising capital in conjunction with the admission of its shares.Listing seeks lifting Pure Gold's international profile ahead of its tr...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices, Zinc stocks)By Zandi ShabalalaLONDON, April 1 (Reuters) - Nickel prices ended higher onMonday after positive factory data from top steel producer Chinaraised hopes for higher demand, while inventories fell.Factory activity in China unexpectedly grew for the firsttime in four months in March, an official survey showed onSunday, suggesting governme...Read More
Brazilian mining giant Vale (NYSE:VALE) has been denied stability certificates for at least 17 dams and dikes after the licences expired on March 31, as a result of an ongoing review of the miner's operations in the country following the January dam disaster at its C??rrego do Feij??o mine, which killed hundreds.The loss of certificates will not require additional evacuations around structures...Read More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More