Many new shorts are now in a losing position, which might generate covering"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'"-- Monday Morning Outlook, December 24, 2018"[T]he early 2018 lows around SPX 2,580 that, when breached in December, saw the proverbial bottom fall...Read More
The uranium market has significantly struggled since the Fukushima accident in 2011, which caused the nuclear power industry to retrench.Uranium was trading at US$70 per pound before Fukushima and has traded precipitously down since then, hitting US$19.60 at one point in 2017. At those levels, some analysts estimate 95 per cent of uranium mines are underwater cost-wise.Fortunately, thanks to a cou...Read More
The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More
The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More
In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More
In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More
After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More
After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...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 INK Canadian Insider Index continued its early-2019 surge and added 37.43 points to reach 1089.07 for a 3.6% gain. The Index outperformed the SPDR S&P 500 ETF (SPY) which climbed 2.6%. In all, the INK CIN is now up an impressive 10% from its December lows.MACD edged higher...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to provide an update on the Company's advancement with developing a 5G dedicated "in-vehicle" smartphone for commercial fleets and vehicles.The Company's intention for this device is tocompliment the 4G/LTE UV350, allowing for a strong variety of cutting-edgeproduct offerings. The 5G devi...Read More
Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143) over allegations of breaching environmental regulationsRead full newsRead More
Here are five Fastmarkets MB stories you might have missed on Friday January 11 that are worth another look.Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.The pig iron market in the United States was confused by a heavy drop in the...Read More
The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hype-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Tr...Read More
Buying activity in the major global steel billet markets was sluggish last week due to the post-holiday period. Customers and sellers were assessing the conditions in the market and prices softened further, because some of them placed lower bids and offers amid the lack of support for finished long steel.AsiaThe Southeast Asian billet market was largely stable in the week ended Friday January 11 o...Read More
The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hype-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Tr...Read More
Buying activity in the major global steel billet markets was sluggish last week due to the post-holiday period. Customers and sellers were assessing the conditions in the market and prices softened further, because some of them placed lower bids and offers amid the lack of support for finished long steel.AsiaThe Southeast Asian billet market was largely stable in the week ended Friday January 11 o...Read More