The current bull market should last through 2021.Why I'm not worried about a correction until the S&P breaks 4000.Why gold is ready to break out and will do so with power.Bitcoin expected to break $30,000 before 2018 is over.Why sentiment beats fundamentals and technicals every time.Avi Gilburt is a leading contributor on Seeking Alpha and one of 21 Seeking Alpha Contributors participating...Read More
Swiss National Bank (the central bank of Switzerland) is a publicly traded institution, and its shares have been soaring.The market cap is a tiny fraction of its asset and liability base, so it is a highly leveraged entity. Its profits were huge in 2017, as markets "went its way".As a central bank, and one that has accumulated the largest balance sheet relative to GDP, SWZNF has been abl...Read More
Gold investors awoke to another jump in the precious metals complex as Trump administration officials talk down the US$ at Davos.The US$ is now down ~3% YTD and is hitting 3-year lows.With trade wars looming and the possibility of more deficit and debt spending, the outlook for gold remains the best I have seen in many years.Bloomberg reported this morning that the Trump team at Davos made comment...Read More
Mnuchin's greenback comments add fuel to fire: Oanda's InnesBullion hits 17-month high after slump in U.S. currencyPhotographer: Luke MacGregor/BloombergGold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.Bullion at $1,400 an ounce is “achievable” in the next two months, Stephen Innes, head of trading for Asia Pacific at brokerage Oanda...Read More
Rand resurgence may continue to batter aging gold minesFewer than half of shafts may be profitable, analyst saysKganyago Says South Africa's Growth Is Fragile, Not Its EconomyFor South African gold miners, it’s both the best and worst of times.The metal started the year with a bang, rising more than 4 percent to the highest since August 2016. But an equally impressive rally in the rand mean...Read More
The latest news and price moves to start the Asian day on Friday January 26.Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. Nickel and tin each rose by more than 1.3% on the day. Read more in our live futures report.Here is how prices looked at Thursday's close:Rio Tinto Plc is i...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe battle between East Asia Minerals Corp. and a group of dissidents over control of the company has landed in the Supreme Court of British Columbia, with the dissidents claiming that the company may invalidate their votes at the upcoming annual gene...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange fell 7.47 points to 886.12 Thursday. Rudy Cheddie has filed a preliminary prospectus to list his first capital pool shell, Cherry Street Capital Inc.The shell plans to sell a $500,000 to $750,000 initial public...Read More
Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull market is...Read More
The following interview of CEO Brett Heath of Metalla Royalty & Streaming (CSE: MTA) / (OTCQB: MTAFF), was conducted by phone & email over the 3-day period ended January 21st. Metalla is a well-run, rapidly growing, precious metals Royalty & Streaming company that is relatively unknown. The Company's tried and true business model typically commands a premium market valuation, led...Read More
Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull market is...Read More
The following interview of CEO Brett Heath of Metalla Royalty & Streaming (CSE: MTA) / (OTCQB: MTAFF), was conducted by phone & email over the 3-day period ended January 21st. Metalla is a well-run, rapidly growing, precious metals Royalty & Streaming company that is relatively unknown. The Company's tried and true business model typically commands a premium market valuation, led...Read More
US industry groups have submitted a white paper setting out recommendations on how the US Nuclear Regulatory Commission (NRC) can streamline licensing of advanced reactors. Meanwhile, the US Nuclear Energy Institute (NEI) has hailed an NRC decision that a voluntary industry initiative can effectively address an electrical system vulnerability as a "win" for regulatory streamlining.The Byron plant,...Read More
Base metals prices on the London Metal Exchange closed the week on divergent paths, with most metals on a strong footing after a week of intense rallies.The three-month tin price hit its highest since November 2016 after it hit a high of $21,895 per tonne - record low stocks and restocking ahead of Lunar New Year (mid-February) have kept tin prices well supported."With barely 1,800 tonnes of LME s...Read More
Nickel prices on the London Metal Exchange have climbed 10% since the start of 2018 - with the dollar the main supporting factor of the rise, the spotlight is being shone on the nickel price's extreme volatility. On Thursday January 25, nickel closed on the LME in positive territory for the sixth consecutive trading day and was trading at a two-and-a-half-year high of $13,915 per tonne. The last t...Read More
China imported 1.28 million tonnes of lead concentrates and ores in 2017, down 9.33% from a year ago, according to customs data. Lead concentrate and ores imports in December dropped 28.7% year on year to 83,167 tonnes. A recent study by the research arm of Jiangxi Copper said China was facing a lead concentrates deficit of 210,000 tonnes in 2017. China imported no lead concentrates from North Kor...Read More
The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. - Peter SchiffThe average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Most car buyers assum...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets in the week from Monday January 22 to Friday January 26.Base metalsSingaporean trading house Kyen Resources is opening a London office to expand its operations into Europe and will trade base metals, starting with aluminium and concentrates.Freeport-McMoRan reported a strong finish to 2017, with net incom...Read More
First Cobalt (FCC.V) has published its new year resolutions as it has announced its 2018 exploration program in Canada's Cobalt Camp. Whilst the 2018 program will continue to focus on mapping, prospecting and geophysical surveys, First Cobalt has also earmarked funds for a 26,500 meter drill program across no less than 13 targets which could provide access to near-surface material.This indicates a...Read More
China imported 1.28 million tonnes of lead concentrates and ores in 2017, down 9.33% from a year ago, according to customs data. Lead concentrate and ores imports in December dropped 28.7% year on year to 83,167 tonnes. A recent study by the research arm of Jiangxi Copper said China was facing a lead concentrates deficit of 210,000 tonnes in 2017. China imported no lead concentrates from North Kor...Read More