Beijing has taken measures to resuscitate its sluggish logistics sector by cutting port fees in a bid to encourage businesses to increase their import and export activities.Chinese Premier Li Keqiang announced measures on March 3 during a State Council meeting to reduce several port fees. Port construction duties have been suspended until June 30. The port construction duty is a levy on businesses...Read More
As Euro Manganese (TSXV: EMN; ASX: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining up potential customers for planned output from its demonstration plant, which is projected to come online in late 2020.So far, the company has queued up five prospective customers for about 55% of the planned...Read More
What was surprising about the Prospectors and Developers Association of Canada (PDAC) conference this year was how many people actually showed up, with Covid-19 ripping around the world. According to figures from Johns Hopkins' Coronavirus Resource Centre on March 10, 118,101 people have been infected and 4,262 have died.While many conferences and large gatherings elsewhere have been cancelled, th...Read More
What a year it’s been for uncertainty. Tension in the Middle East flared up just as the trade war was ending. And then the coronavirus erupted no sooner than the threat of war had been nipped in the bud. The TSX Index was down 10% at the start of the week. It’s certainly a tough time to stay bullish.However, great TSX stocks are selling for a fraction of their worth. Contrarians facing...Read More
Rescuers in Brumardinho, Brazil, following the collapse of the dam at the Corrego do Feij??o iron ore mine. Photo by Diego Baravelli, Wikimedia Commons. After the disasters of Mariana and Brumadinho, Vale (NYSE: VALE) said on Wednesday that will install an audit committee to improve company's corporate governance.The committee will assist the Board of Directors in supervising the internal audit a...Read More
Image from Wikimedia Creative Commons. ABN AMRO released on Wednesday a report that questions gold's traditional role as a safe-haven asset and predicts lower gold and silver prices for the rest of the year. In its report, the Dutch bank said it sees gold prices averaging $1,523 an ounce this year, up from its previous forecast of $1,490 but down significantly from current prices. The bank's pr...Read More
Building a bull market. Shanghai construction. File image. Copper and iron ore prices have held up surprisingly well as markets in the West belatedly come to grips with the coronavirus pandemic and China shifts focus from containment to rebuilding its economy following more than two months of inactivity. On Wednesday BMO Capital Markets held a conference call with PRC Macro, a consulting firm fo...Read More
Training underground (Credit: Nokia).Nokia will deploy its private LTE digital automation platform at Norcat's underground centre in Sudbury, Ontario, to establish an underground global mining innovation centre. Nokia is collaborating with Norcat and Canada's Centre for Excellence in Next Generation Networks (CENGN) to deploy the network connectivity. Nokia's automation cloud will enable secur...Read More
Treasury Metals' Goliath gold project in Ontario.Credit: Treasury Metals. Treasury Metals (TSE: TML) and Platinex (CNSX: PTX) have entered into a non-binding agreement to consolidate their adjoining properties in northern Ontario's prospective Shining Tree district.Under the agreement, Treasury would transfer its wholly owned 50.5-sq.-km Shining Tree Fawcett East property to Platinex in exchan...Read More
Rarely at the top of the buy list of leading investment banks Australian-listed Alumina, which takes its name from what it produces, and Iluka Resources, a titanium minerals and zircon specialistRead More
Brand Finance looks at marketing investment, stakeholder equity and the impact of those on a company's performance to produce its brand strength rating.Despite falling 1.1% year on year, Rio's score of 71.8 beat BHP's 71 after the latter registered a 2.5% drop versus 2018. Vale came third with a score of 66.2, down 5.2%."As with the majority of brands in the ranking, Rio Tinto has dropped in brand...Read More
Share this articleTORONTO - The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event's plans changed with the news that a Sudbury man who visited the venue last week had contracted a novel form of coronavirus.DX3 organizers said Wednesday that they had cancelled the second day of their annu...Read More
Today is Wednesday, March 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 $1,640.55. It's down -0.80% from yesterday and up...Read More
Today is Wednesday, March 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Helix Energy Solutions Group (NYSE: HLX), ProPetro Holding Corporation (NYSE: PUMP), and Apergy Corporation (NYSE: APY).Helix Energy Solutions Group (NYSE: HLX)Helix Energy Solutions Group (NYSE: HLX) is a $364.41 million company today with a one-year return of -62.09%. Let's...Read More
Oil prices crashed to as low as $27.34 per barrel last Sunday.If that wasn't enough to make the entire sector collectively cringe in pain and immediately avert their eyes from their screens, I don't know what would.But this isn't our first rodeo, is it?Back in 2014, we had to watch helplessly as OPEC waged a brutal price war against U.S. shale companies. If you were spared that carnage, then you d...Read More
By Gary Savage$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go..https://blog.smartmoneytrackerpremium.com/Read More
If you're a regular reader of these pages, you may recall that we've been documenting the ongoing fraud of "Exchanges For Physical" for the past several years. With trading volumes surging during these turbulent times, EFP use is surging again, too. Thus it's time for an update.Let's start as we often do with a list of links to previous posts on this subject. You might note the first one is date...Read More
Dear Friend of GATA and Gold:Does the U.S. Commodity Futures Trading Commission have jurisdiction over manipulative futures trading by the U.S. government, other governments, or brokers acting for them?Is the commission aware of futures trading by governments?In a letter to U.S. Rep. Alex Mooney, R-West Virginia, dated January 28 and released to GATA yesterday, the commission's chairman, Heath P...Read More
By: Ira EpsteinGold 18-dma is $1636 level. Upper Bollinger is $1699Read More
It is just fear of recession and fear that a long term investing opportunity will be lost that is deciding investment strategy. Traders and find managers are booking profit in every investment (other than stocks) to invest for the long term in stocks. Most believe that stock markets are great long term investing opportunity. Every investment has crashed due to corona virus. Gold, silver, crude o...Read More