Financials take out new lows today before rallying the market positive.Tech stocks providing false sense of security for the markets.Powell throws cold water on negative interest rate expectations.Trump beats the drums demanding negative interest rates.Betting odds increase on Democrats taking the Senate.Congressman now proposing to pay people to go off unemployment.Restaurants will not recover fr...Read More
New Canadian investors have some strong options right now, both in spite and because of the current market. The TSX is a rich source of world-class businesses ripe for first-time investing. There’s a little of everything listed on Canada’s largest stock exchange.It’s a representative cross-section of our economy’s greatest strengths, from banking and software to freight and...Read More
The May edition of our On the Move newsletter is now available. The monthly publication tracks management and board appointments across Canada's mining and mineral exploration industry.To view a copy of the newsletter, click here.Keep us up to date on your company's latest appointments and achievements by emailing us at [email protected] or sign up for the free newsletter.Read More
Novo's Egina project lies in the heart of the Pilbara conglomerate gold province approximately 120 km east of Novo's Karratha gold project. Image from Novo. Novo Resources (TSX-V: NVO) announced on Friday that it has recommenced its exploration program at its Egina gold project in Pilbara. The company has identified another gold-bearing channel in an area southwest of the Paradise prospect. This...Read More
The Santa Luz project (pictured) is a previously operating open-pit mine acquired as part of the merger with Leagold. Credit: Equinox Gold Equinox Gold (TSX: EQX) had its best quarterly gold production and earnings from mine operations in the first quarter this year, the company reported on Friday, despite having to navigate challenges related to the covid-19 pandemic.In the past quarter, the com...Read More
Hod Maden mine site. Image by Lidya Madencilik. Sandstorm Gold (NYSE: SAND, TSX: SSL) reported on Thursday new drill results for its Hod Maden project in Turkey.Drill hole HTG-002 showed 85.3 metres at 84.3 grams per tonne gold and 6.8% copper from 19.0 metres, using a 2.4 g/t cut-off grade, uncut.Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The h...Read More
Driller at work on Group Eleven Resources' Stonepark zinc property near Limerick in the Republic of Ireland. Photo by Richard Quarisa | The Northern Miner Diversified major Glencore (LON: GLEN), through its Canadian subsidiary, has made a further investment in Vancouver-based mining junior Group Eleven Resources (TSXV: ZNG), purchasing 15 million units of Group Eleven at C$0.05 per unit for aggre...Read More
1...The Gold and Silver mining and exploration stocks are among the most undervalued of all the investment sectors... the mining and exploration stocks have been and will be the focus for the next several years.. ..............2...Know well that if after our analysis we choose to invest in for example forty precious metals companies even after in-depth analysis, generally at least half fail. Howev...Read More
Thanks to its ammonium nitrate manufacturing plants and strength in electronic blast initiation systems, Orica has grown to become Australia's largest METS player.Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here."Over the last quarter, the COVID-19 pandemic has developed from an emerging threat into a very significant reality," Davidson said on a webinar.CRU believes Chinese cop...Read More
Word is, Jeff Bezos - the mastermind behind Amazon (NASDAQ: AMZN) - could become the world's first trillionaire. And people are losing their shit.Look at some of these tweets ...There are definitely a lot of folks talking about how poorly he treats his employees.And I suppose an argument could be made for that. Although I haven't seen any mass exodus of Amazon employees. Folks also argue that...Read More
Today is Thursday, May 14, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,732.55. It's up 0.11% from yesterday and up 33.44...Read More
Today is Thursday, May 14, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Par Pacific Holdings (NYSE: PARR), Targa Resources Corporation (NYSE: TRGP), and Brigham Minerals (NYSE: MNRL).Par Pacific Holdings (NYSE: PARR)Par Pacific Holdings (NYSE: PARR) is a $417.98 million company today with a one-year return of -62.33%. Let's look at its price-to-earni...Read More
A new resource war has begun. But this time the war is not over oil... Or gold... Or clean water... Or any other material which has traditionally sparked resource wars. No, the new resource war will be over a lesser-known group of substances: rare-earth elements.Rare-earth elements -- sometimes called rare-earth metals or rare-earth minerals -- are a vital component in most of the technology we us...Read More
By Mike GleasonGold and silver markets are inching closer to achieving major upside breakouts.On Thursday, gold rallied above a near-term consolidation pattern to close at $1,747 an ounce. That put the monetary metal about $30 away from making new highs for the year. As of this Friday recording, gold prices are marching higher again and come in at $1,761, up 2.5% for the week.Turning to silver,...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 277,77134,94335,158126,023404,556438,952474,657 Change from Prior Reporting Period 2,2009,376-4,8525,9782,8753,3267,399 Traders 20445825556290158 Small Speculators LongShortOpen Interest 57,78722,082496,739 3,070-1,0036,396 non reportable positionsChange...Read More
By Gary TanashianSo here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have st...Read More
No Place to Hide: How Market Manipulation in the Age of Pandemic is Destroying Traditional Safe HavensBy Neil VowlesUniversity of Sussex, Brighton, England, UKThursday, May 14, 2020http://www.sussex.ac.uk/broadcast/read/52005The coronavirus pandemic has created enormous volatility in global financial markets but prices of safe-haven assets such as gold and bitcoin are not surging as one might ex...Read More
The major gold miners' stocks have rallied dramatically out of mid-March's stock-panic lows, soaring to new bull-market highs. Their just-reported Q1'20 operational and financial results reveal whether today's higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage...Read More
By Marin KatusaPresident Trump recently tweeted, "As long as other countries are receiving the benefit of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!"Considering the President is a real estate marketing guru facing a ballooning national debt, it can't come as a surprise he'd be in favor of Negative Interest Rate Policy (NIRP).But are they really a gift?Negative rates are...Read More