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
Hello again, Fools. I’m back to call attention to three stocks that popped last week. Why? Because after a given stock soars over a short period, one of two things usually happens: it keeps on flying as short-term oriented traders look to pounce on the momentum; or it pulls back sharply as cautious investors look to lock in profits.Fundamentals count most over the long run, of course. But kn...Read More
Firmer gold has attracted considerable attention for gold miners with investors combing the industry looking for bargain-basement opportunities. One that’s been gaining attention is Kinross Gold Corp. (TSX:K)(NYSE:KGC), which has spiked by almost 9% since the start of 2019. This has garnered considerable interest from some pundits, who are claiming that it’s poised to deliver value for...Read More
In general, I have an aversion to commodity companies. They are price takers, meaning that no matter how good the company is, it can be thrown to the wolves if the global order changes and commodity prices fall. They are extremely volatile in nature, and are as likely to destroy wealth as to create it.That said, not every commodity is doing poorly at the moment. Although oil continues to be a drag...Read More
While silver has followed gold higher in recent weeks to be up by 3% since the start of 2019 and trading at around US$16 an ounce, many primary silver miners have failed to rally. Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS), which recently completed the takeover of Tahoe Resources Inc., is down by 3% over the same period, creating an opportunity to acquire the world's premier silver miner at...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
PI Financial's Chris Thompson and Philip Ker say investors should watch for a potent reversal and widening of the gold-to-silver ratio to historic highs (roughly 86:1) which will favour accumulating select silver-focused stocks over gold stocks.2019 should be a good year for Canadian gold and silver stocks. Investor sentiment for precious metals mining stocks improved in 2018's fourth quarter, led...Read More