The iron ore price rose as high as $98/t this week on the recovery in China and concerns about Brazil's rising cases of COVID-19.Read More
Share this articleCALGARY - The owner of the Ekati diamond mine is proposing a transaction that would allow it to exit court protection from creditors, provide short-term operating funds and allow it to eventually restart the suspended mine.Dominion Diamond Mines ULC says it has signed a letter of intent with an affiliate of The Washington Companies under which an entity to be managed by Wa...Read More
I'm willing to bet you know someone who recently got pregnant.And if not, you know someone who knows someone who recently got pregnant.How would I know that? Well, it's pretty simple...The combination of months-long lockdowns and disruptions to health services and access to contraceptives during the COVID-19 pandemic has created a perfect storm for new pregnancies.You know how it works: isolated a...Read More
By Jordan Roy-ByrneThe precious metals sector may have begun a correction on Wednesday. The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels. We mentioned these targets in our article last week.GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key piv...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort295,39443,60639,245133,715423,889468,354506,740Change from Prior Reporting Period 17,6238,6634,0877,69219,33329,40232,083Traders22060846060318172 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,85121,465528,205 2,064-61731,466 non reportable positionsChange from t...Read More
The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March's stock-panic lows. They've already more than doubled in the couple months since! Their just-released Q1'20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns ar...Read More
By Richard (Rick) Mills"There is a Chinese curse which says 'May he live in interesting times.' Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history." - President John F. Kennedy, in a speech in Cape Town, South Africa, in 1966 JFK's "Chinese curse" meme seems appropriate...Read More
By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More
To be bullish or not to be – thatis the question. Or it might have been the question, if someonenamed Shakespeare wrote a piece titled Investhamlet.The choice whether to be bullish or bearish orneutral on a given asset should be made each day, each time based on theinformation that is currently available. Let’s check the new signs that we sawyesterday. First of all, we just saw a beari...Read More
By Jordan Roy-ByrneThe precious metals sector may have begun a correction on Wednesday. The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels. We mentioned these targets in our article last week.GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key piv...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort295,39443,60639,245133,715423,889468,354506,740Change from Prior Reporting Period 17,6238,6634,0877,69219,33329,40232,083Traders22060846060318172 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,85121,465528,205 2,064-61731,466 non reportable positionsChange from t...Read More
The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March's stock-panic lows. They've already more than doubled in the couple months since! Their just-released Q1'20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns ar...Read More
By Richard (Rick) Mills"There is a Chinese curse which says 'May he live in interesting times.' Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history." - President John F. Kennedy, in a speech in Cape Town, South Africa, in 1966 JFK's "Chinese curse" meme seems appropriate...Read More
By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More
Negative interest rates? Preposterous! Negative crude oil? Inconceivable! Silver at $61.37 RIGHT NOW, and $1,000 SOON? I know, right? Check this out...I'm starting to think that silver's the next market to go bonkers.Literally.And by bonkers, I mean in a way that would surprise even the Silver Bugs.At least, I'm preparing to be surprised anyway, and yes, I'm a proud card-carrying Silver Bug first...Read More
Broad markets were weaker this morning, Friday May 22, led by a 4.8% fall in the Hang Seng; base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were down across the board. Given the dire economic situation as a result of the Covid-19 pandemic, the last thing the global economy needs is an escalation in the United States-China trade war that the latter’s plan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US 71.37 cents following release of the March Canadian Retail Sales report at 8:30 AM EDT. Consensus was a fall of 10.5% versus a gain of 0.3% in February. Actual was a drop of 10.0%Deere gained $5.18 to $147.99 after reporting higher than con...Read More
One of the oldest companies listed on the Toronto Stock Exchange, Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF), believes it has found a new zone of gold mineralization at its Golden Highway project, 100 km east of Timmins, Ontario.Drilling 1 km to the west of the project's South West deposit and 500 metres from the company's recent Westaway discovery intersected 4 metres grading 8.09 grams gold...Read More
Canada's Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually restart its idled Ekati mine in Canada's Northwest Territories.The company, which owns and operates the iconic Ekati diamond mine and also has a 40% interest in the nearby Diavik, said it had signed a le...Read More