There are a number of “rules” being thrown at investors during this stock market crash. Unfortunately, depending where you look, a lot of these rules seem to contradict one another. Where one analyst says buy now with stocks so low, another says you should be selling to hold onto cash, while still another recommends staying put and not doing anything until the markets rebound.While the...Read More
The price of gold dropped back below US$1,500 in recent days after hitting a multi-year high near US$1,700 per ounce. Gold bulls now wonder if this might be the opportunity they are waiting for to add gold stocks to their Tax-Free Savings Account (TFSA) portfolios.Gold rallyThe gold rally of 2019 began in late May amid concerns that the trade dispute between the United States and China would exten...Read More
The price of gold has finally started to see some appreciation, as uncertainty in equity markets begins to creep into market sentiment. At the time of writing, US$1,600/ounce gold has aided in a decent valuation bump for many gold producers compared to a year ago. Investors expect to see higher margins over the long term should these new levels hold.The impact of ETFsWhat is interesting to note is...Read More
Las Bambas copper mine in Apur?-mac, Peru. (Image courtesy of Minera Las Bambas). Producers across South America, where the bulk of the world's copper is produced, have halted or cut back operations and slowed construction projects due to restrictions caused by coronavirus.Hong Kong-listed MMG said on Thursday that operations at its Las Bambas mine, with expected production in the 360kt range for...Read More
Altonorte anodes port of Antofagasta, Chile. Image: Glencore Copper was trending lower again on Friday, a day after staging a spectacular comeback from levels last seen during the global financial crisis more than a decade ago.Copper trading in New York was pegged at $2.132 a pound ($4,700 a tonne) in afternoon trade, on track for a weekly decline of nearly 14% and the lowest close since early 20...Read More
Cerro Moro gold-silver mine in Argentina. (Image courtesy of Yamana Gold) Yamana Gold (TSX: YRI; NYSE: AUY) announced on Friday a temporary, partial demobilization of its workforce at its gold-silver Cerro Moro mine in Santa Cruz Province, Argentina, in response to the government's declaration of mandatory social isolation to combat the spread of covid-19.Until March 31, the day the mandatory sel...Read More
AbCellera has already identified 500 potential antibodies that could potentially used to treat Covid-19 patients. A Vancouver biotech company that specializes in antibody discovery has partnered with American pharmaceutical company Eli Lilly and Co. (NYSE:LLY) to develop a new drug for the treatment and prevention of the Covid-19 virus.The private biotech developed what it calls a rapid pandemic...Read More
Pure Gold Red Lake mine site. Credit: Pure Gold Mining Pure Gold Mining (TSXV: PGM) announced on Friday that the company is closely monitoring the Covid-19 pandemic and has implemented preventative measures at both the Pure Gold Red Lake mine site as well as corporate offices to safeguard the health of its employees."Though there have been no confirmed or suspected cases of Covid-19 in Red Lake,...Read More
The mid-tier gold miners' stocks have been annihilated with COVID-19 fears infecting traders' sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold's next upleg. This key sector just reported outstanding Q4'19 resu...Read More
Carvill said Kenmare was currently loading a 60,000 tonne vessel with material destined for three customers in China.Read More
Bob Moriarty ArchivesMar 20, 2020When the banking system was on the verge of complete failure in 2008, during the GFC, the world had a wonderful opportunity to do a total financial reset. All we had to do is let the failures go bankrupt. We will always need a banking system; we just don’t need a banking system riddled with fraud and failure. Sigh! We missed a great chance to make the world a...Read More
Today is Friday, March 20, 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 $1,483.65. It's up 1.11% from yesterday and up 12.90...Read More
Today is Friday, March 20, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Delek Logistics Partners LP (NYSE: DKL), Oasis Petroleum (NASDAQ: OAS), and Centennial Resource Development (NASDAQ: CDEV).Delek Logistics Partners LP (NYSE: DKL)Delek Logistics Partners LP (NYSE: DKL) is a $222.27 million company today with a one-year return of -77.68%. Let's lo...Read More
Share this articleCALGARY - Canada's oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic.Calgary-based Dominion Diamond Mines ULC says in a message on its website that none of the employees at its Ekati Diamond Mine about 300 kilometres northeast of Yellowknife in the Northwest Territories has tested positive to date.But it says...Read More
Share this articleTORONTO - New Gold Inc. is closing its Rainy River Mine near the U.S. border in western Ontario for two weeks so that its workers can follow the 14-day self-isolation period recommended for those who have travelled outside Canada.The Toronto-based mining company says about 70 per cent of the workforce at the mine near Fort Frances are local residents and many of them make fr...Read More
A MESSAGE FROM THE PUBLISHERThe gold/silver ratio peaked this week at 128.79, its highest level in the ratio's 4,000-year history.Today, we examine what that means for precious metal investors.But first, let me briefly describe what we're talking about for those who don't know.Gold/Silver Ratio since 1970What Is the Gold/Silver Ratio?The gold/silver ratio (sometimes "gold-to-silver ratio") is pret...Read More
Share this articleVancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic.CEO Jon Evans says the company is in the process of "demobilizing" its construction workforce of more than 1,000 people.He says the 40,000-tonne-per-annum...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
The mid-tier gold miners' stocks have been annihilated with COVID-19 fears infecting traders' sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold's next upleg. This key sector just reported outstandin...Read More