Aurora Cannabis Inc. (TSX:ACB) reported a 200% surge in revenues for its second quarter of 2018SmallCapPower | February 9, 2018: Aurora Cannabis Inc. (TSX:ACB) Thursday reported a 200% YoY jump in revenues to $11.7 million for its second quarter of 2018, driven by higher patient numbers coupled with higher average sales price as well as strong growth in exports to Germany. Active registered pati...Read More
One of Almadex's company-owned diamond drills for exploring Mexican projects. Source: Almadex Minerals Ltd.Almadex Minerals Ltd. [AMX-TSXV, AXDDF-OTCQX] said Friday February 9 that it has received the final results from 2017 drilling at the company's El Cobre property, which is adjacent to the Gulf of Mexico, about 75 km northwest of the city of Veracruz, Mexico.Holes EC-17-043 targeted the Raya T...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsThe London Metal Exchange's average daily volume was little changed for January 2018 from a year earlier but only when taking into account trading changes due to MiFID II. It was a tough week for the copper market - prices fell to their weakest since mid-December a...Read More
As market turmoil hits both equities and cryptocurrencies, the heightened volatility in these assets underscores gold's unique role as a safe haven, store of value and portfolio diversifier.Stock Market SelloffsWith major US stock indices falling again sharply on Thursday (DJIA - 4.02%, NASDAQ - 4.08%, S&P -3.41%), last Monday's equity market selloff and spike in volatility looks set to be a m...Read More
Cameco's suspended McArthur River uranium mine in northern Saskatchewan. Source: Cameco Corp.Cameco Corp. [CCO-TSX; CCJ-NYSE] said Friday February 9 that it hopes patient investors will be rewarded after the Canadian uranium mining giant posted what analysts described as solid fourth quarter results.The company's net loss narrowed to $62 million, or 16 cents per share in the quarter ended December...Read More
The market in the United Kingdom for grade-5C ferrous scrap was unchanged this week, remaining stable while suppliers held firm their offer prices after steady losses in the previous three weeks.The market had been dropping since the price was last assessed on January 12, with suppliers cutting their offer prices in line with export demand.But an upturn in European export prices to the key destina...Read More
Turkish ferrous scrap import prices rebounded at the end of the working week of Monday February 5 to Friday February 9, boosted by expectations that finished steel demand is likely to bounce back soon.Import scrap prices in Taiwan are still trending downward on very limited demand before the Lunar New Year, while Indian import prices moved in the opposite direction due to an improved appetite for...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop An Update on the Future of Mining: Urban MiningSource: Clive Maund for Streetwise Reports February 9, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund reviews the charts of two urban miners that he views as strong buys.We took profits or part...Read More
Turkish steel producers continued their bookings for March at comparatively stable prices on Friday February 9.A steel mill in the Marmara region came to the market and booked a US cargo at $353 per tonne cfr for 32,000 tonnes of shredded.The same mill also booked...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop EMX (TSXV: $EMX.V) (NYSE: $EMX) Executes Agreement to Sell the Guldgruvan Cobalt Project in Sweden to Boreal Vancouver, British Columbia - February 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Arctic Star (TSXV: ADD) (OTCQB: ASDZF) Mobilizes Drill, Timantti Project Finland Vancouver, British Columbia - February 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Arctic Star Exploration Corp (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (WKN: A2DFY5) (...Read More
Say goodbye to your senior discounts, no cover lady’s nights, and free entry for children.Unless of course, you think the latest court ruling on discrimination won’t be applied evenly…The popular dating app Tinder allows you to swipe a user’s picture left to reject a potential match, and swipe right in the hopes that they do the same and you match.The app is free. But there...Read More
Base metals traded on the London Metal Exchange are experiencing downward pressure this morning, Friday February 9, with the complex posting an average loss of 0.7% amid healthy volumes. Nickel (-1.6%) has been hit the worst, while copper (-0.2%) appears to be the most resilient.The downward pressure across the industrial metals is driven by a deterioration in risk sentiment in Asia, evident in eq...Read More
Well Known Seasonal TrendsReaders are very likely aware of the "Halloween effect" or the Santa Claus rally. The former term refers to the fact that stocks on average tend to perform significantly worse in the summer months than in the winter months, the latter term describes the typically very strong advance in stocks just before the turn of the year. Both phenomena apply to the broad stock market...Read More
CloseGain/LossOn WeekGold $1314.80-$2.40-1.28%Silver$16.32-$0.06-1.69%XAU78.35-1.90%-6.59%HUI174.55-2.15%-7.17%GDM596.91-1.61%-7.11%JSE Gold1131.89-10.58-7.89%USD90.43+0.10+1.42%Euro122.38-0.09-1.77%Yen92.09+0.14+1.36%Oil$59.20-$1.95-9.55%10-Year2.855%+0.026+0.60%Bond143.71875-0.75-0.88%Dow24190.90+1.38%-5.21%Nasdaq6874.49+1.44%-5.06%S&P2619.55+1.49%-5.16% The Metals: Gold gained $3.20 to...Read More
Export prices for cold-rolled coil (CRC) from Latin America increased this week, due to higher prices in Europe, while the price of hot-rolled coil (HRC) remained unchanged.Metal Bulletin's weekly assessment of Latin America's CRC export prices went up to $700-725 per tonne fob on Friday February 9, from $680-695 per tonne fob a week earlier. The weekly price assessment of Latin America's HRC...Read More
By Ira EpsteinGold stable as stock indices have wild trade day.https://www.iraepstein.com/ Read More
Click Here to Listen to the Interview - *the interview begins at 6:18Axel gives a wonderful explanation of what's behind this week's wild market action, weighs in on gold's role as a safe haven in the midst of potential chaos and tells us why he believes volatility his here to stay.Click Here to Listen to the Interview - *the interview begins at 6:18Axel Merk is the Founder, President, Portfolio M...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort273,82882,95160,557158,650364,101493,035507,609Change from Prior Reporting Period -24,499-8,1142,9093,960-15,665-17,630-20,870Traders17091814857260192 Small Speculators LongShortOpen Interest 42,28627,712535,321 -6,381-3,141-24,011 non reportable positionsChange from the previo...Read More
Flat steel prices in Turkey's domestic and import markets increased slightly this week, although demand was mostly stable, market participants told Metal Bulletin on Friday February 9.Local producers are accepting orders for April and buying is expected to improve next week because stock levels are low in Turkey.Domestic pricesHot-rolled coil (HRC) producers in Turkey have been offering material a...Read More