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Angola is planning to hold its first diamond auction this week, inviting around 35 companies to bid for seven stones as the world's fifth largest producer moves to make the sector more lucrative for producers and the state.The stones, selected for their rare quality and size, were produced by the Lulo project operated by Australia-listed Lucapa in the northeastern province of Lunda Norte."It's our...Read More

Vale SA investors must be asking themselves how the world's largest iron ore producer could allow an even more deadly repeat of Brazil's worst environmental disaster.The collapse of a tailings dam Friday in the state of Minas Gerais killed 58 people, with more than 300 still missing, and destroyed buildings. It's the second deadly disaster in about three years for Vale, which also co-owns the Sama...Read More

A deadly dam collapse is expected to keep Vale SA shares pressured in the short-term, as Friday's accident at the Feijao mine prompted 11.3 billion reais ($3 billion) in blocked funds and fines, leading the world's largest iron ore producer to suspend dividends.While sensing a limited impact to Vale's production, analysts highlighted risks including remediation charges, lawsuits, additional insp...Read More

Both companies are facing headwinds in ChinaDow Jones Industrial Average (DJI) futures are sharply lower, with the index set to give back all the gainsfrom Friday's temporary government shutdown relief. Investors still remain wary of political gridlock, after President Donald Trump told the Wall Street Journal on Sunday that another government shutdown is "certainly an option." Also pressuring m...Read More

The mid-cap index entered 2019 between its a pair of significant long-term moving averagesThe following is a reprint of the market commentary from the February 2019 edition of The Option Advisor, published on January 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The S&P MidCap 400 Index (MID) doesn't get nearl...Read More

"Hundreds are missing and Vale has tough questions to answer about its ability to protect workers and communities after the Brumadinho tailings disaster | https://t.co/L6djUqUsfL #Brumadinho $VALE"Read full newsRead More

Don't underestimate the significance of the S&P's 80-week test, either"The Cboe Volatility Index (VIX - 18.19) action could give us a clue as to whether the next move will be a retest of the low or a continuation rally from the December bottom. The VIX comes into the week situated between half its December closing high at 18.03, but below half its 2018 closing high at 18.66 and double its 2018 clo...Read More

Gold is likely to appreciate at a steady pace. I do not expect a dramatic meltup.Economic growth will remain challenged for many years in developed economies.Inflation will remain low across the globe for the foreseeable future. Inflation will not be the powerhouse behind the rise of the gold price.Carefully-selected gold miner's valuations will appreciate faster than physical gold.This post i...Read More

PBOC fixed the yuan dramatically stronger against the dollar overnight, sending offshore yuan surging to its strongest against the dollar in six months.Read full newsRead More

Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point ‘C' low changed.) The 1330.40...Read More

Nearly half of Japan's key economic government statistics need to be reviewed with 22 discrete statistics, or roughly 40% of the 56 key government economic releases, turning out to beRead full newsRead More

Russia's GV Gold is a step closer to becoming one of the country's top five producers after posting Monday an increase in output of more than a third helped by two newly launched mines in East Siberia.The miner churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017, when it became Russia's No. 7 producer of the yellow metal.GV G...Read More

Vendetta Mining (TSXV: VTT) announced that it has just received the results from an independent Preliminary Economic Assessment or PEA for its Pegmont lead-zinc project located in Queensland, northeastern AustraliaIn a press release, Vendetta explained that the PEA was developed by a team of independent consultants, including AMC Mining Consultants, GR Engineering Services, and AARC Environmental...Read More

* U.S. lifts April sanctions on aluminium producer Rusal * Removal of Rusal sanctions mostly priced in -analysts * PRICES: (Adds closing prices)By Zandi ShabalalaLONDON, Jan 28 (Reuters) - Aluminium prices fell on Mondayafter the United States lifted sanctions on the world'ssecond-largest aluminium producer, United Company Rusal . The United States announced in December its intention tolift the sa...Read More

Markets US government shutdown Fed Brexit US China trade talks USD Gold Oil Government reopens but attention already elsewhere Brexit votes, US/China trade talks, a Fed monetary policy decision and the US jobs report; this promises to be quite a week for financial markets. And all of this comes as the US government ends a 35-day shutdown – the longest in history – aft...Read More

James Hyerczyk19 hours ago (Jan 28, 2019 6:17 AM GMT)Gold is inching higher on Monday, continuing Friday’s steep rally. Supporting the market is a weaker dollar. This is driving up demand for dollar-denominated gold. The U.S. Dollar is being pressured by position-squaring and selling ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy announcement. Tr...Read More

(Recasts with comments from acting president, senator, lawyerand environment minister, updated share reaction and fines)By Gram SlatteryBRUMADINHO, Brazil, Jan 28 (Reuters) - Brazil's governmentweighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by adam burst turned into anger, with prosecutors, politicians andvictims' families calling for puni...Read More

* FTSE 100 down 0.9 pct * FTSE 250 down 0.6 pct * Ocado gains after report of talks with M&S * Oil majors lose big (Adds company news items, updates to closing prices, changesanalyst quote)By Muvija M and Shashwat AwasthiJan 28 (Reuters) - London's main bourse ended Monday'ssession at its lowest in nearly a month as yet more downbeatdata from China and U.S. bellwether Caterpillar's weak foreca...Read More

Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) will not proceed with the construction of its C??t?(C) gold project, in Ontario, as it's waiting for improved market conditions before going ahead with the $1.15-billion investment, it said Monday.Chief executive Steve Letwin said his company had substantially de-risked the project, located in the Abitibi gold belt, and that it cont...Read More