A new and improved stock market in 2019.The Fed's change of heart provides support.Gold has shined in 2019.Gold stocks are outperforming the S&P 500 since mid-September.Markets rarely move in a straight line.On Wednesday, February 20, the US Federal Reserve released the minutes of the most recent Federal Market Open Committee meeting. In their statement that followed the meeting and the minute...Read More
(Adds Newmont CEO interview comments)By Ernest ScheyderHOLLYWOOD, Fla., Feb 25 (Reuters) - Barrick Gold Corp's chief executive defended the world's largest goldproducer's hostile $18 billion bid for Newmont Mining Corp , saying on Monday the deal is "logical" for an industrybattling high costs and depleting resources.Barrick, which recently completed a $6.1 billion acquisitionof Africa-f...Read More
* FTSE 100 up 0.1 pct, reversing early gains* FTSE 250 down 0.1 pct * Bank stocks biggest boost to main index * Persimmon leads sell-off among housebuilders* Centamin slips on mid-caps (Changes analyst comment, updates closing prices)By Muvija M and Shashwat AwasthiFeb 25 (Reuters) - London's blue-chip index squeezed outgains on Monday as banks got a boost from comments about apossible Brexit dela...Read More
Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index tacked on another 9.1 points to end at 1153.11 for a gain of 0.7%. Over the last 2 weeks, it has climbed 3%. MACD moved up to 0.75. RSI rose to even more elevated levels with a 3.17 point gain as it reached 78.34. It is also worth noting RSI has not been this high in...Read More
Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More
A judge rejects a challenge to proposals to build a controversial gold mine in the Sperrin Mountains.Read full newsRead More
Gold is up 3.3% this year. Gold, which can rise when investors expect inflation, has done well in 2019 a the Federal Reserve has decided to pause on lifting interest rates. "Funds are probably under invested in Gold right now," Gold Fields Limited (GFI) CEO Nick Holland said. "It's a good buy," he joked. But on a serious note, Holland mentioned Gold plays well for investors agai...Read More
Berkshire Hathaway (BRK.B) (BRK.A) has big investments in major companies -- Apple (AAPL) , American Express Company (AXP) , Bank of America (BAC) and more. It didn't make its fortune on gold bars -- as chairman Warren Buffett points out in is his annual letter to shareholders, giving warning to those ready to give up on American ingenuity and to give into predictions of nationa...Read More
Price trends in the global steel billet market changed direction in the week ended Friday February 22 amid limited interest from buyers in most outlets as well as a drop in imported scrap prices in Turkey.Turkish producers wanted demand to pick up for rebar and billet, in both the domestic and export markets, before they would buy more scrap, which resulted in the lack of trading activity.As a res...Read More
Price trends in the global steel billet market changed direction in the week ended Friday February 22 amid limited interest from buyers in most outlets as well as a drop in imported scrap prices in Turkey.Turkish producers wanted demand to pick up for rebar and billet, in both the domestic and export markets, before they would buy more scrap, which resulted in the lack of trading activity.As a res...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 22 that are worth another look.Coal trading has become too risky, a trader said on Thursday February 21 following news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.Zinc smelters have submitted bids...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 22 that are worth another look.Coal trading has become too risky, a trader said on Thursday February 21 following news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.Zinc smelters have submitted bids...Read More
A jump in the reserve grade and tonnage at Fosterville in Australia - already one of the highest grade and most profitable gold mines in the world - will help increase Kirkland Lake Gold's (TSX: KL; NYSE: KL) total gold production this year to between 920,000 and 1 million oz., up from its previous guidance of 740,000 to 800,000 oz. in December.The company revised its consolidated production guida...Read More
Regional exploration last year on its Indin Lake gold property, 200 km north of Yellowknife in the Northwest Territories, turned up high-grade gold in grab samples from three areas, including 174.50 grams gold per tonne at Fishhook, the southernmost project on its 899 sq. km land package, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) reports.Fishhook consists of several historical gold showings spannin...Read More
The gold miners' stocks surged strongly last week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run consi...Read More
Investors in Cameco Corp (TSX:CCO)(NYSE:CCJ) enjoyed a nice rally in the stock price in 2018 as deliberate production shut ins by producers and emerging new demand helped reduce excess supply and pushed equilibrium prices higher during the year. Could we see further share price gains this year?A combination of company specific and market factors will decide the fate of Cameco’s equity valuat...Read More
It has been a tough time for investors in intermediate gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO). The miner, which recently completed a 5:1 share consolidation, has lost 18% over the last year compared to gold, which has been flat over that period. There are signs that it won't be plain sailing for the beaten-down miner, as it wrestles with a range of operational, geopolitical, and financial ri...Read More