Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
Investors seeking exposure to gold typically focus on senior gold miners like Barrick because of the stability and maturity of their operations. While this provides a lower-risk means of bolstering exposure to gold, junior gold miners offer the opportunity to gain access to outsized returns. This is because they are typically viewed by the market as risky ventures that could fail should gold fall...Read More
A bidding war appears to have erupted over junior gold miner SolGold (TSX:SOLG), which is conducting exploration work in the Andean nation of Ecuador. The miner's stock has soared by 28% over the last year, and there are indications that it could climb higher.Emerging as a potential takeover targetSolGold has been attracting considerable interest from a range of major miners. Australian senior gol...Read More
I wish I would have followed by own advice and loaded up on Teck Resources (TSX:TECK.B)(NYSE:TECK) shares back when they were languishing under $10 each.Like many natural resource companies, Teck was feeling the pinch of declining commodity prices in 2015-16. Metallurgical coal prices had collapsed, and metal prices weren't doing much better. Teck's balance sheet was also in tatters, and it had bi...Read More
A quiet bull market in mining stocks is underway. The GDX ETF closed trading on New Year's Eve up 2.37%. Through Monday, the GDX has risen 20% since hitting a 52-week low close of $17.57 on September 11, 2018. In popular parlance, GDX is now in a "bull market."We expect that a significant bull move will occur and a significant amount of capital will pull out of "risk assets" and move into physical...Read More
Glencore saw the heaviest fall of the group with a fall of 4.98% to £2.77 (US$3).The miner and trader had managed to avoid the global markets rout after Christmas that saw major indices mark the worst annual decline in a decade, only to be hit on the first trading day of 2019.Rio Tinto was better than the rest, but still fell 3.17% to £36.BHP and Rio also fell in Australia.The big Cana...Read More
Newrange names Archer as CEONewrange Gold Corp. [NRG-TSXV] said Wednesday January 2 that it has named Robert Archer as its new Chief Executive Officer. The company said Archer has more than 35 years of experience in the mining industry, working throughout North America and Peru.After spending more than 15 years with major mining companies, he held several management positions in the junior mining...Read More
The Ramu nickel-cobalt mine in Papua New Guinea. Source: Highlands Pacific Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE], owner of the world's largest stockpile of cobalt, on Wednesday January 2 announced the friendly acquisition of Australian Securities Exchange-listed Highlands Pacific Ltd. [HIG-ASX] in a $96 million transaction. Highlands' primary assets include an 8.56% stake in the produci...Read More
Share this articleTORONTO - Canada's main stock index started the trading year higher in a volatile day that saw the key energy sector get a boost from higher oil prices.The S&P/TSX composite index closed up 24.30 points at 14,347.16.In New York, the Dow Jones industrial average ended the day up 18.78 points at 23,346.24. The S&P 500 index was up 3.18 points at 2,510.03, while the Nasdaq compos...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
Dec.18 -- Billionaire investor Stanley Druckenmiller discusses the outlook for the U.S. economy, his investment strategy for stocks and bonds, President Donald Trump's attempts to sway Federal Reserve policy and the prospects for a solution to the U.S.-China trade dispute. He talks with Bloomberg's Erik Schatzker.Read More
By Stefan GleasonPrecious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year - including technical, fundamental, monetary, and political drivers.Before delving into each of them, let's consider where we've been over the past 12 months.To be frank, 2018 wasn't a particularly bright year for gold and silver prices. Gold will fi...Read More
Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:Government debt will rise at an accelerating rateLike a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that's - get this - assuming no recession in the coming decade. During the next d...Read More
Join Mike Maloney for his latest in-depth forecast for the stock markets, gold & silver, and more speculative investments like cryptocurrencies and mining stocks. Will 2019 be the year that gold and silver finally assert themselves as THE safe-haven asset? Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold an...Read More
Part 1 (parts 2, 3 & 4 below)Part 2Part 3Part 4Read More
Public pensions & 401(k) plans are a crisis looming. John MacGregor joins Robert & Kim to discuss how these programs are unsustainable, and how they pose huge financial turmoil for the majority of the globe's population. This program is a must-listen for anybody relying on or participating in a public pension.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance...Read More
"Though Baquet said publicly he didn't want the Times to be the opposition party, his news pages were unmistakably anti-Trump...Some headlines contained raw opinion, as Continue...Read More
Ever since 1895, the media has alternated reporting between global cooling and warming scares and many times they have even been overlapping. Here are accounts from the press Continue...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/four-...The US government is now in its 12th day of an ongoing shut down, extending the political confusion that began in 2018. China's PMI didn't just show a slowdown, it showed a contraction. It wasn't just visible in china, South Korea was contractionary for the 2nd month, Taiwan's fell to a 3-year low, Malaysia PMI scored a record...Read More