Recent News

Gold holds weaker below $1285 level amid a modest USD rebound

January 08, 2019 / www.fxstreet.com

   •  A goodish pickup in the US bond yields revive USD demand and prompt some selling.   •  The prevalent risk-on mood further dents the commodity’s relative safe-haven status.   •  Focus shifts to Wednesday’s latest FOMC meeting minutes/Powell’s speech on Thursday. Gold extended the overnight retracement slide from the...Read More

Dow Ready to Rise on Trade Hopes

January 08, 2019 / www.schaeffersresearch.com

The Dow could jump 200 points at the openDow Jones Industrial Average (DJI) futures are signaling a strong start for stocks, trading well above fair value this morning. Traders willmonitortrade-related headlines as talks continue between the U.S. and China, while also awaiting a prime-time address from President Donald Trump over the government shutdown. In the meantime, there will be more economi...Read More

Atlas Copco buys German pump distributor

January 08, 2019 / www.mining.com

Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More

Atlas Copco buys German pump distributor

January 08, 2019 / www.mining.com

Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More

One More Thing About That Apple Stock Chart

January 08, 2019 / www.schaeffersresearch.com

The 128-week moving average marked a bottom for AAPL in August 2015It was just under a month ago in this space that we discussed the significance for Apple Inc. (NASDAQ:AAPL) of its 64-week moving average, which had emerged as a new -- and immediately formidable -- layer of resistance during the course of the stock's fourth-quarter sprint from trillion-dollar market cap into bear-market territory....Read More

Deep in a Panama rainforest, First Quantum bondholders spy prize

January 08, 2019 / www.mining.com

irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More

Deep in a Panama rainforest, First Quantum bondholders spy prize

January 08, 2019 / www.mining.com

irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More

GLOBAL MARKETS-Stocks rally again as U.S.-China trade hopes build

January 08, 2019 / www.kitco.com

* World and European indexes at 3-week high * Samsung profit warning weighs on Asia * Dollar ticks up, euro hit by weak German data * Bond yields resume rise in Europe, U.S. markets * Oil stays firm in commodity markets * Graphic: World FX rates in 2019 By Marc JonesLONDON, Jan 8 (Reuters) - A strong day for Europe and a jumpin Wall Street futures kept world stocks at a three-week high onTuesday,...Read More

Vancouver miners merge to lead exploration in Mexico

January 08, 2019 / www.mining.com

Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More

Vancouver miners merge to lead exploration in Mexico

January 08, 2019 / www.mining.com

Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More

METALS-Aluminium drops as bears attack, others wait for news on China

January 08, 2019 / www.kitco.com

(Updates with closing prices)By Eric OnstadLONDON, Jan 8 (Reuters) - Aluminium prices slipped onTuesday as bearish speculators kept up selling pressure, whileother base metals were lacklustre ahead of the conclusion ofU.S.-China trade talks.Aluminium has been the worst performer on the London MetalExchange during the last two months on concerns about excesssupply that gathered momentum after the U...Read More

Falcon Gold reports high grades at Argentinian project

January 08, 2019 / www.mining.com

Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More

Falcon Gold reports high grades at Argentinian project

January 08, 2019 / www.mining.com

Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More

The Secret of "Risk Free" Trading

January 08, 2019 / www.schaeffersresearch.com

Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More

The Japanese Government Is Still Pegging The Gold Price

January 08, 2019 / seekingalpha.com

Gold trades like a safe haven because in part that's what it is.The yen is a piece of crap, but it trades like a safe haven due to the relentless popularity of yen carry trades.Divergences or non-confirmations between gold and the yen can create trading opportunities.Editor's note: Originally published at tsi-blog.com on January 8, 2019 About five months ago I posted an article in response to...Read More

The Moving Average Advice Any Trader Can Follow

January 08, 2019 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More

Welcome To 2019: Declining Stocks, A Falling Dollar And Rising Gold / Silver Prices

January 08, 2019 / seekingalpha.com

Stock prices have become synonymous with economic growth and prosperity.In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed's money printing and lascivious enablement of rampant credit creation.If the stock market was "big fat ugly bubble" in 2016, what is it now?The stock market has become the United States' "sacred cow."...Read More

Kirkland Lake gold production hits record high

January 08, 2019 / www.mining.com

Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More

Kirkland Lake gold production hits record high

January 08, 2019 / www.mining.com

Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More

Kirkland Lake gold production hits record high

January 08, 2019 / www.mining.com

Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More

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