The shorts continue to pile on, and it does seem they are stressed...submitted by J. Johnson via JS MinesetGreat and Wonderful Monday Morning Folks, Nothing starts a Monday off better than a strong-precious-metals move higher with December Gold at $2,038.70, up $10.70 after reaching $2,047.50 with the low at $2,018.90. Silver leads the percentages with the September trade at $28.31 up...Read More
RAPAPORT... Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old, Alrosa said last week. The company's United Selling Organization unit is currently studying and evaluating the diamond to decide whether it wil...Read More
The S&P/TSX Composite Index rose 2.32% to 16,544.48 during the Aug. 3-7 trading week. The S&P/TSX Global Mining Index climbed 1.41% to 102.65, and the S&P/TSX Global Base Metals Index advanced 6.13% to 88.132. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per oz., while the S&P/TSX Global Gold Index fell 0.79% to 341.33.Gold Standard Ventures' shares jumped 29.63% to $1.40. The compa...Read More
The Dow Jones Industrial Average rose 3.80% to finish the week at 27,433.48 and the S&P 500 increased 2.45% to 3,351.28. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Pretium Resources advanced by 30.94% to US$12.40 with the release of second-quarter results from its Brucejack underground gold mine, located 65 km north of Stewart in British Columbia. The mine...Read More
Aug 12, 2020 Guest(s): Will Rhind CEO, GraniteShares Despite this year's dramatic gold price run-up, the precious metal has still not turned the heads of most investors, said Will Rhind, founder and CEO of GraniteShares in an interview with Kitco on Monday.Referring to the generalist investors as "tourists," Rhind said gold is still looking for love from the broader market."The tourists are not...Read More
"All the opportunities created by the merger and subsequent transactions have been seized and more have been identified.Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25That might sound like a tricky concept to grasp but what it comes down to is that value of the shares one man owns in Fortescue curr...Read More
Ethos Gold (TSX-V: ECC)(OTC: ETHOF) and its President and CEO Mr. Craig Roberts should be no strangers to Outsider Club readers.We've featured him and the company several times, and we're doing so today as well in the wake of some big news.With gold soaring, Ethos is starting in a strong position and getting even stronger by making some big moves. Read on for details.To your wealth,Gerardo Del Rea...Read More
If you have been following our research into Gold and Silver over the past years, then you were already prepared for the recent rally that has taken many investors by surprise. This year, 2020, Gold and Silver are set up to have their best year of price appreciation over the past 40+ years. It is no consequence that this is taking place right now. Our cycle research and our predi...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index pushed up even higher as metals and markets pushed higher yet.The INK CIN surged 28.99 points higher for a 2.85% gain on the week and closed at 1047.84 for a new 5-month high. The Index has enjoyed an impressive run and is now up 9.45% over the last 5 weeks.MACD shot...Read More
Mining plays are worth considering as indirect trades on the rising price of gold, two ETF researchers say.Read full newsRead More
Mining plays are worth considering as indirect trades on the rising price of gold, two ETF researchers say.Read full newsRead More
Thanks to U.S. dollar's weakness, the Fed's holding of interest rates at an all-time low and discouraging private sector job additions amid the pandemic, the appeal for gold has increased.Read full newsRead More
Since co-founding his first junior mining company, Gammon Gold, in his garage in Halifax, N.S., in 1994, Bradley Langille has spent the majority of his career outside of the country - hunting for precious metals and building mines in Mexico.After about three years in Canada, he shifted his focus to Mexico, where his partner had business connections, and between 1999 and 2007, built two mines: the...Read More
China's finished steel exports continued to fall on a year-on-year basis in July, but imports maintained an upward trend, according to customs data released on Friday August 7.July exports: 4.18 million tonnes, down by 25% from July 2019,...Read More
The aluminium industry neither deserves nor can afford the shock that would come from the United States' reintroduction of Section 232 tariffs on imports from Canada, according to Aluminum Association president and chief executive officer Tom Dobbins. Citing the latest government data from the US Census Bureau, Dobbins noted that US imports of primary aluminium from Canada were nearly 5% lower in...Read More
Brazil-based steelmaker Gerdau expects the metal spread in its North America division to remain stable in the coming months after the company was able to secure ferrous scrap at competitive prices, chief executive officer Gustavo Werneck said on Wednesday August 5.The company's metal spread - the premium between finished steel prices and scrap costs - averaged $415 per short ton in North America d...Read More
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Heavy rains in China, which can negatively affect iron ore supplies and pig iron production, and bolster demand for scrap, continued in July 2020. Although this was more an upside risk to our bearish base case one month ago, Chinese scrap prices remained strong. The firm prices gained support from the rains and from a more g...Read More