Strong iron ore prices are the primary reason for BHP's rise during some of the most difficult commodity markets in decades with the US waging a trade war with China, capped off by an outbreak of aRead More
A total of 106.3 million tonnes of coal was railed in Queensland and New South Wales in the first half of 2019-20 compared with 106.5Mt in the first half of 2018-19.Read More
There was a lot of discussion on climate change and ESG, with virtually every corporate presentation and panel touching on it.Read More
Today is Tuesday, February 11, 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 $1,567.35. It's down -0.30% from yesterday and u...Read More
Today is Tuesday, February 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cameco Corporation (NYSE: CCJ), CNX Resources Corporation (NYSE: CNX), and Cabot Oil & Gas Corporation (NYSE: COG).Cameco Corporation (NYSE: CCJ)Cameco Corporation (NYSE: CCJ) is a $3.649 billion company today with a one-year return of -28.69%. Let's look at its price-to-earn...Read More
I was happy the day I got fired from Caldor. A few months later, I was even more stoked when the manager at Price Chopper stuck out her pudgy mitt and demanded my name badge. After all, I had a giant FU card in my pocket. As a high schooler, I could always go home and eat mama's cooking and sit on the same couch I did the year before. I didn't need that job.Heck, the point of investing is to gain...Read More
Clint Siegner, Money MetalsThe U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheat...Read More
Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More
By Dave KranzlerThe Fed is trapped. If it stops adding money to the money supply, the stock market will crash. It's already extended the repo money printing program twice. The first extension was to February and now it has extended it again to April.What was billed as a temporary "liquidity problem" in the overnight repo market is instead significant problems developing in the credit and der...Read More
By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More
Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More
A conference call is to follow shortly afterward. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release it will provide Q4/19 and full year-2019 financial and operational results before the market opens on Feb. 12, 2020. The company will hold a conference call afterward to discuss the results, also on Feb. 12, at 7 a.m. PST (10 a.m. EST), accessible through www.pretium.com.Also,...Read More
The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating.The DOJ investigation of...Read More
Clint Siegner, Money MetalsThe U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheat...Read More
Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More
By Dave KranzlerThe Fed is trapped. If it stops adding money to the money supply, the stock market will crash. It's already extended the repo money printing program twice. The first extension was to February and now it has extended it again to April.What was billed as a temporary "liquidity problem" in the overnight repo market is instead significant problems developing in the credit and der...Read More
By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More
Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More
SASKATCHEWAN - IsoEnergy reported that two new intersections of strong radioactivity in initial drill holes were detected during the winter drilling program at the Hurricane zone at its Larocque East project.The property is located in the eastern Athabasca Basin of Saskatchewan, in the Canadian prairies.In a press release, IsoEnergy said that, in the new discovery of high-grade uranium mineralizat...Read More
RAPAPORT... Dominion Diamond Mines has named Patrick Merrin as its interim CEO, replacing Shane Durgin, who has left to pursue other opportunities. Merrin, who assumes the role with immediate effect, joined parent group Washington Companies as chief operating officer for mining last month. He will serve in both capacities to ensure a "seamless transition in leadership" while it identifie...Read More