Recent News

Chile's Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

January 17, 2019 / www.mining.com

Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020, amid the continuing U.S.-China trade war and further potential volatility because of Brexit.Cochilco said it saw production at 5.941 million tonnes for 2019, up 1.6 percent from 5.845 million in 2018, and a 227,000 tonne deficit in the global market fo...Read More

Venzee Previously Announced Partner Signs Distribution Integration Agreement

January 17, 2019 / kincommunications.com

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce today the finalization of an integration agreement for the Venzee distribution platform with an existing product content management engine. This agreement is an enhancement to a relationship with an existing referral partner based in the European Market."Integrating to existing platforms...Read More

Stock Futures In Red After Morgan Stanley Report

January 17, 2019 / www.schaeffersresearch.com

Netflix will report earnings after the closeDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as attention stays on fourth-quarter earnings season. Traders are digesting Morgan Stanley's (MS) quarterly report, though the shares are set for sharp losses at the open. Later on, after the closing bell, Netflix (NFLX) earnings will be the major story, with blue chip...Read More

AK Steel Stock Rebound Stifled by Downgrade

January 17, 2019 / www.schaeffersresearch.com

AKS options traders have heavily favored putsThe shares of AK Steel Holding Corporation (NYSE:AKS) aredown 1.9% in electronic trading, after Clarksons Platou Securities downgraded the steel name to "neutral" from "buy," and trimmed its price target to $3 from $5.10. Earlier this week, Goldman Sachs gave AKS a price-target cut to $2.5 from $4, while noting the initial investor excitement around t...Read More

Cornish secures further funding to build lithium mine in UK

January 17, 2019 / www.mining.com

Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, has secured a further ?1 million (about $1.3 million) from its existing investors, which will allow the firm to expand its ongoing drilling work in the ancient mining region of Cornwall, in south-west England.A year ago, the company said it needed about ?5 million to develop its project, w...Read More

RT @zerohedge: China Injects Gargantuan 1.1 Trillion In Liquidity This Week

January 17, 2019 / www.zerohedge.com

The Chinese central bank has done it again and in Thursday's open market operation the PBOC injected a whopping 380BN in open market liquidity, bringing the week's total to a gargantuan 1.14 trillion.Read full newsRead More

Gold Technical Analysis: Once again fails near 1-week old trading range hurdle

January 17, 2019 / www.fxstreet.com

   •  The precious metal struggled to build on the overnight positive momentum and was again seen retreating from the top end of a near one-week-old trading range.     •  The recent price-action constituted towards the formation of a rectangle, usually seen as continuation pattern but sometimes mark significant trend tops/bottoms.    •&nb...Read More

GLOBAL MARKETS-Stocks turn red, pound finds some peace

January 17, 2019 / www.kitco.com

(Recasts ahead of U.S. trading, updates prices throughout) * European car shares fall on U.S. tariff worries * Beijing injects masses of cash into financial system * Huawei subject of U.S., German displeasure* Pound supported as May wins confidence vote * Graphic: World FX rates in 2019* Asian stock markets: By Marc JonesLONDON, Jan 17 (Reuters) - Concern over China's economicoutlook and possible...Read More

Spey Resources betting on vanadium

January 17, 2019 / www.mining.com

Spey Resources (CSE: SPEY) announced that it has entered into an option agreement with Geoxplor Corp. to acquire a 100% interest in the Uravan vanadium-uranium project located in the La Sal area of San Juan County, Utah.Under the terms of the agreement, the Canadian miner has to pay the exploration company $310,000 cash, issue 3.5 million common shares, and make an additional payment of $1 million...Read More

Northern Superior moves forward with projects in Ontario and Quebec

January 17, 2019 / www.mining.com

Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More

Northern Superior moves forward with projects in Ontario and Quebec

January 17, 2019 / www.mining.com

Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More

Northern Superior moves forward with projects in Ontario and Quebec

January 17, 2019 / www.mining.com

Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More

METALS-Aluminium slips after U.S. vote clears way for lifting of Rusal sanctions

January 17, 2019 / www.kitco.com

(Updates with closing prices)By Eric OnstadLONDON, Jan 17 (Reuters) - Aluminium fell on Thursday aftera vote by U.S. lawmakers cleared the way for sanctions to belifted on major producer Rusal, potentially increasing supply.The U.S. Senate on Wednesday rejected legislation to keepsanctions on companies linked to Russian oligarch OlegDeripaska, including Rusal . In December, the U.S. Treasury said...Read More

How Investors Can "Be the Casino"

January 17, 2019 / www.schaeffersresearch.com

The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More

Palladium breaks above $1,400 on supply deficit, gold eases

January 17, 2019 / www.cnbc.com

Palladium has risen more than 10 percent so far this monthPublished 20 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersPalladium surpassed the $1,400 mark for the first time on Thursday, as demand for the auto-catalyst metal overtook its availability in the market, while gold edged lower as the dollar gained on better-than-expected U.S. jobs data.Spot palladium gained 2.28 percent to...Read More

Why Key Gold And Silver ETFs Are Focusing On Futures

January 17, 2019 / seekingalpha.com

In January, ProShares changed its silver and gold ETFs to track futures-based indexes.This marks the first time leveraged and inverse ETFs will benchmark to gold and silver futures prices.The move to futures-based indexes presents the opportunity to replace the high costs associated with using forwards with a more cost-efficient model using futures contracts.By Leks Gerlak At a Glance As the exch...Read More

China's slowdown is miners' single biggest fear this year - report

January 17, 2019 / www.mining.com

An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More

China's slowdown is miners' single biggest fear this year - report

January 17, 2019 / www.mining.com

An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More

China's slowdown is miners' single biggest fear this year - report

January 17, 2019 / www.mining.com

An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More

China's slowdown is miners' single biggest fear this year - report

January 17, 2019 / www.mining.com

An economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge for the mining and metals sector in 2019. (Image courtesy of Liebherr.)A worsening of the ongoing economic slowdown in China, consumer of about half the world's commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows...Read More

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