Cobalt is the battery raw material most likely to face supply disruption or inefficiency during Covid-19, according to a poll conducted during a Fastmarkets webinar last week.About 50% of respondents to the poll said cobalt would be most prone to disrupted supply or limited availability as a result of Covid-19; nickel and lithium each received 20% of respondents' votes, while the remaining 10% wen...Read More
China's domestic stainless steel prices were unchanged over the past week amid weak demand, but export prices fell due to a depreciation in the yuan. The Chinese currency was pegged at 7.1092 yuan per $1 on Wednesday May 27, compared with 7.0956 yuan to $1 a week earlier. The mixed performance by stainless steel prices comes amid an unclear trend in the price of nickel, a Southeast Asian buyer sai...Read More
Where should you be investing for a Post-Corona Virus World?Are Resource Stocks about to take off?How about Precious Metals?Find out right here in our exclusive interview with Jayant Bhandari.We will uncover the intangibles that every investors must be aware for their portfolio.We address culture, religion, COVID-19/Coronavirus, Booker T. Washington, Stock Picks, Arbitrage Opportunities, The Fart...Read More
There is no question this economic environment is ideal for gold prices and, therefore, TSX gold stocks. However, some gold stocks are so strong, investors can buy the stocks knowing they are great long-term investments.Gold is something investors should always have at least a small portion of their portfolio exposed to. And in times of uncertainty, when a safe-haven asset is demanded, that’...Read More
Epiroc's Minetruck MT65, part of the Codelco order Credit: Epiroc Epiroc, a productivity partner for the mining industry, has won a large equipment and service order from Codelco for its Chuquicamata mine in northern Chile.Codelco has ordered underground loaders, face drill rigs, rock bolting rigs and mine trucks, as well as technical support and training for the Chuquicamata underground mine...Read More
Investors might be a bit confused by the term “growth stocks.” After all, in today’s market, everything might look like a growth stock. With a market crash behind us, many stocks have a lot of growing to do. However, that’s not what an investor should be looking at when deciding whether a stock has a history and future full of growth.If you look at the past decade of a stoc...Read More
Millions of Canadians have lost their jobs due to the COVID-19 lockdowns and have to face a loss of income. The government has put in place the Canada Emergency Response Benefit (CERB), which gives $2,000 for 16 weeks to Canadians who have lost their jobs due to the pandemic or earn only $1,000 per month. While this financial aid is useful, it might not be enough for many Canadians. The $2,000 is...Read More
O3 owns 4,350 sq. km of ground in Quebec, including 610 sq. km in Val d'Or, pictured here. (Image by Tobie Charette, Wikimedia Commons). O3 Mining has announced that it has entered into an agreement with a syndicate of underwriters, co-led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, to raise C$35 million (upsized from C$30 million) for exploration work at its projects...Read More
Finding those “forever” companies investors like Warren Buffett describe is easier said than done. The reality is that finding companies such companies is a very large ask. These companies have to be able to withstand periodic beatings via black swan events, such as the coronavirus.In addition, these companies must outperform the broader indices, over decades. In this article, I’...Read More
The new drill results extend the known PGM zones and Nickel zones by more than 1.5 km along strike. Image from Canada Nickel Company. Canada Nickel has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres to the east at the Ontario project and extend the Main zone nickel mineralization by 1.5 km to t...Read More
Itabira, MInas Gerais, Vale's first mine. (Credit: Wikimedia Commons) Vale (NYSE: VALE) said in a securities filing on Friday that its Itabira iron ore mine was ordered shut under an order from Brazilian labor authorities, but also that it was able to immediately reverse that order after obtaining a favorable court injunction.The labor authorities reported that 200 local employees have tested po...Read More
The Back River gold project in Nunavut. Image from Sabina Gold & Silver Corp. Sabina Gold & Silver (TSX: SBB) confirmed on Friday that plans are now in place for a phased reopening of its Back River project in Nunavut, Canada.A spring drilling program planned on the property was halted in March as a precautionary measure due to the coronavirus outbreak.With its previously announced C$49 million f...Read More
The Stockholm-headquartered company said Friday morning the fire had been put out and no one had been injured. Production at the plant would remain suspended "until further notice".Read More
To pay for their governments' skyrocketing COVID-19 bills, central banks around the world are expanding their money supplies at a historic rate, triggering fears of high inflation and prompting big expectations for gold prices.In America, the Federal Reserve has added nearly $2.25 trillion to the U.S. money supply (as measured by M2) over the past 10 weeks alone.The Fed has done more in response t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
By Dave KranzlerAn article from Bloomberg was published 2 days ago which alleged that "New York Gold Traders Drown in Glut..." The Comex is now reporting there's 26 million ozs of gold in Comex vaults, 17 million of which is in the "eligible" account. This is up from 9 million total ozs at the end of March, 5.5 million of which was "eligible."I find it amusing that the mainstream media swall...Read More
Key PointsThe U.S. economy has used phony numbers for a long time. The U.S. Gross Domestic Product has been falling for some time.Cuts in government-funded services, including Social Security and Medicare were already in the works before the COVID-19 coronavirus outbreak.President Trump offered reduced taxes for U.S. companies doing business overseas as incentive to bring their profits home. Som...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More