Recent News

Copper price rally halted by Chinese factory surprise

February 01, 2019 / www.mining.com

January's copper price rally came to a screeching halt on Friday after a key gauge showed Chinese factory output shrinking at the fastest pace in almost three years.Copper for delivery in March slumped 3% compared to Thursday's close to a low of $2.7535 per pound ($6,070 a tonne) on the Comex market in New York.Source: Thomson Reuters Datastream. Graphic adapted from original by Vincent Flasseur a...Read More

Copper price rally halted by Chinese factory surprise

February 01, 2019 / www.mining.com

January's copper price rally came to a screeching halt on Friday after a key gauge showed Chinese factory output shrinking at the fastest pace in almost three years.Copper for delivery in March slumped 3% compared to Thursday's close to a low of $2.7535 per pound ($6,070 a tonne) on the Comex market in New York.Source: Thomson Reuters Datastream. Graphic adapted from original by Vincent Flasseur a...Read More

January #Payrolls Soar By 304K, Record 100th Consecutive Month Of Job Gains | Zero Hedge

February 01, 2019 / www.zerohedge.com

It's official: January marked the record 100th consecutive month of consecutive job growth, and it did so in style, with the US adding a whopping 304K jobs last month.Read full newsRead More

Western Announces Director Resignation @westernCuandAu

February 01, 2019 / bit.ly

Western Copper and Gold Corporation (TSX:WRN, NYSE AMERICAN:WRN) announces the resignation of David Williams from the Board of Directors of the Company.Read full newsRead More

Tax Stock Could Return Bigger Gains This Month

February 01, 2019 / www.schaeffersresearch.com

The shares have historically outperformed in FebruaryIt was a rough final quarter of 2018 for Intuit Inc. (NASDAQ:INTU), with the stock falling to a seven-month low near $183 in late December from a record high of $231.84. Since then, the shares have rallied almost 18% to trade at $215.24, and history suggests more upside could be in store for the TurboTax parent.Specifically, INTU stock has been...Read More

Thyssenkrupp in constructive talks with EU on Tata Steel JV

February 01, 2019 / www.mining.com

Thyssenkrupp is holding good and constructive talks with the European Commission, which has launched a deepened probe into a planned European joint venture with India's Tata Steel, its chief executive said on Friday."We explicitly share the opinion of competition Commissioner (Margrethe) Vestager: Steel is of enormous importance to the European economy. That's why we need a strong European steel i...Read More

EU imposes curbs on steel imports after Trump tariffs

February 01, 2019 / www.mining.com

* Quotas set at 2015-2017 average imports, plus 5 pct* Tariffs of 25 pct apply if quotas are filled* Steel group welcomes move, carmakers don'tThe European Union will impose limits on steel coming into the bloc from Saturday in response to U.S. President Donald Trump's metals tariffs, a filing in the European Union's official journal said on Friday.Steel imports will be subject to quotas to counte...Read More

Excelsior updates progress at Gunnison in situ project

February 01, 2019 / www.mining.com

Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More

Tudor outlines new zone at Treaty Creek

February 01, 2019 / www.mining.com

Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More

Tudor outlines new zone at Treaty Creek

February 01, 2019 / www.mining.com

Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More

Excelsior updates progress at Gunnison in situ project

February 01, 2019 / www.mining.com

Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More

Excelsior updates progress at Gunnison in situ project

February 01, 2019 / www.mining.com

Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More

Tudor outlines new zone at Treaty Creek

February 01, 2019 / www.mining.com

Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More

Dow Pops After Jobs Data, Big-Cap Oil Earnings

February 01, 2019 / www.schaeffersresearch.com

Blue chips Exxon and Chevron are higher after earningsThe Dow Jones Industrial Average (DJI) is continuing to ride tailwinds from this morning's bang-up jobs report. Positive earnings reactions for blue-chip energy stocks is fueling upside, too, with the Dow up almost 165 points at midday. Traders also digested a strong Institute for Supply Management (ISM) manufacturing purchasing managers index...Read More

Surprise! robots and trucks have distinct cycles

February 01, 2019 / www.mining.com

Not all machines are made equal.Komatsu Ltd. and Hitachi Construction Machinery Co.'s earnings reports this week gave investors reason to breathe a sigh of relief. Meanwhile factory-automation giant Fanuc Corp. offered more reason for worry, after the company cut its operating-income outlook for the year by 36 percent on Thursday.We've made the case for the divergence among equipment manufacturers...Read More

Michigan gas outage seen boosting Trump bid to save coal plants

February 01, 2019 / www.mining.com

A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump's effort to keep coal plants operating possibly by invoking national security powers.The episode began Wednesday when a fire at a compressor station cut off the flow of natural gas from the facility. That prompted Michigan Governor Gretchen Whitm...Read More

Gold Technical Analysis: Bounces off a confluence support, NFP eyed for fresh impetus

February 01, 2019 / www.fxstreet.com

   •  The precious metal reversed an early dip to its immediate confluence support - comprising of 50-hour EMA and ascending trend-line support held since the beginning of this week.    •  Technical indicators on hourly charts maintain their bullish bias and have already eased from overbought territory, supporting prospects for additional intraday gains. &nb...Read More

Gold refiner Asahi wins auction for Republic Metals Corp- sources

February 01, 2019 / www.mining.com

Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More

Gold refiner Asahi wins auction for Republic Metals Corp- sources

February 01, 2019 / www.mining.com

Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More

Analyst: "Nightmare" Over for SNAP

February 01, 2019 / www.schaeffersresearch.com

The social media stock is pacing for its longest win streak in monthsThe shares of Snapchat parent Snap Inc (NYSE:SNAP) are higher this morning, after analysts at Cascend Securities upgraded the stock to "hold" from "sell" ahead of earnings next week. The brokerage firm said the company's Snapchat redesign "nightmare" is over, with the app's Android ratings on the rebound. At last check, SNAP stoc...Read More

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