Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds. On the f...Read More
Key data from the Friday March 22 pricing session in London.Key drivers - Some sellers continued to offer aggressively to get stock off their books, but others took a step back and held their offers within range. - Consumers were emboldened to bid aggressively after...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds. On the f...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Growing economic and geopolitical uncertainty continues to weigh on stocks and support the price of defensive assets — notably, gold. There are growing claims among analysts that gold could reach US$1,400 an ounce or even higher during 2019. This will be a boon for gold miners with high-quality low-cost operations, like Dundee Precious Metals (TSX:DPM).Production at Krumovgrad commencesThe i...Read More
Despite the claims by some pundits that silver, known as poor man's gold, is overdue for a massive rally, there are signs that the white metal will remain weak over 2019. This is a tremendous deterrent against choosing to invest in primary silver miners, particularly when it is considered that even with gold firming to over US$1,300 per ounce, silver has failed to perform.Lack of investmentThe whi...Read More
Toward the end of 2018 gold rallied sharply peaking at over US$1,343 per ounce before pulling back to be trading at US$1,313 an ounce. This has been a boon for gold miners with many rallying sharply to see the VanEck Vectors Gold Miners ETF rising by 21% for the year to date, which is around seven times greater than gold's 3% gain. There are signs that despite the yellow metal's latest pullback,...Read More
Brexit, a global economic slowdown, and trade uncertainties are all contributing to stronger precious metal prices. It also helps that within Basel III, gold is categorized as a risk-free asset.Basel III is a set of international banking regulations developed by the Bank for International Settlements to promote stability in the international financial system. This set of tougher rules (compared to...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
The global equity recovery that took benchmarks to a five-month high is now showing signs of cracking amid weakening data and a pivot by global central banks away from monetary normalisation, which itself reflects concerns about the outlook, Bloomberg said.Gold was above US$1,316 an ounce on the spot market earlier and gold equities were a standout on global markets.Australian-based gold major New...Read More
Rubicon's Phoenix Gold Project in the Red Lake mining camp of northwestern Ontario. Source: Rubicon Minerals Corp.Rubicon Minerals Corp. [RMX-TSX; RBYCF-OTC] on Monday March 25 released its plans for advancing its flagship Phoenix gold project near Red Lake, Ontario, this year.The company said it aims to produce a NI 43-101 mineral resource estimate in the first half of 2019, based on 20,000 metre...Read More
Wallbridge Mining's Fenelon gold property in northwestern Quebec. Source: Wallbridge Mining Co. Ltd.Wallbridge Mining Co. Ltd. [WM-TSX; WC7-FWB] shares were active Monday March 25 after the company released encouraging results from its 100%-owned Fenelon gold property in northwestern Quebec.Wallbridge said the first hole of its 2019 drill program has intersected multiple visible gold-bearing shear...Read More
Life doesn’t always go according to plan… or ummm script. Really, if you rewind the tape to just a few years ago (or even in the summer of 2016 when I more or less decided it was time to pursue early FI full-time), I couldn’t have predicted that I’d be in the situation that I find myself in currently…Personally, I think the unpredictably of real life is what makes it...Read More
Premier Gold Mines Limited (TSX:PG) is a low-cost, mid-tier gold producer, with two producing gold mines - South Arturo and Mercedes - as well as mine development opportunities at McCoy-Cove in Nevada and Hardrock in Ontario. We learned from Ewan Downie, President CEO of Premier Gold, that the Company is currently undergoing an important transformation. The near-term goal is to increase its future...Read More
Lithium investors are panicking!Last year was terrible for lithium.And so far, 2019 hasn't treated them any better.Since the beginning of 2018, the price of lithium has fallen by as much as 30%.Lithium 5-YearNow, the price of cobalt - another vital component in lithium-ion batteries - has plunged almost 70% since March.What we're looking at here is a market bubble that just popped.Are lithium pric...Read More
By: Keith Weiner, Monetary MetalsLast week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes' evil genius plan to destroy civilization. This week, I continue the theme if in a more measured tone addressing the ideas predominant among the groups who are most likely to fight against Keynes' destructionism. They are: the capitalists, the gold bugs...Read More
StrengthsThe best performing metal this week was platinum, up 1.85 percent on Citi recommendation and hedge funds boosting the net long position in the past week. Gold traders and analysts are bullish again this week, according to the weekly Bloomberg survey, as the Federal Reserve adopted a more dovish tone and indicated it won't raise interest rates this year. Several countries went shopping f...Read More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
COLORADO SPRINGS, CO, March 25, 2019 (GLOBE NEWSWIRE) - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has begun the initial stages of gold processing by applying and circulating leach solution to ore loaded on the heap leach pad at the Isabella Pearl Project, within its Nevada Mining Unit, located in Mineral County, Nevada. The Company not only remains...Read More