Share this articleVANCOUVER - Teck Resources Ltd. is warning that it will take an impairment charge of about $1.13 billion if the federal government decides not to approve its Frontier oilsands mining project.A decision on the $20.6-billion, 260,000-barrel-per-day project, which is expected to produce about four million tonnes of greenhouse gas emissions per year over 40 years, is expected befor...Read More
Today is Friday, February 21, 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 $1,645.35. It's up 1.57% from yesterday and up 24...Read More
Today is Friday, February 21, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Alliance Resource Partners LP (NASDAQ: ARLP), CNX Resources Corporation (NYSE: CNX), and VAALCO Energy (NYSE: EGY).Alliance Resource Partners LP (NASDAQ: ARLP)Alliance Resource Partners LP (NASDAQ: ARLP) is a $963.29 million company today with a one-year return of -61.09%. Let...Read More
Today we breach into a topic that no one on Wall Street or in the mainstream financial media wants discussed. It's almost taboo to even mention. That's because it's something that's collectively worth billions of dollars to the fat cats on Main Street and in the media.Your understanding of this could mean deeply cutting into the bottom line for some and crippling the ability to operate for others....Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Richard (Rick) Mills, Ahead of the herd"Minsky Moment" refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for o...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
Another all-time high for Torex Gold Resources is its Q4/19 gold production. In a news release, Torex Gold Resources Inc. (TXG:TSX) announced that it performed strongly financially, operationally and safety-wise in full-year 2019 and Q4/19 and reviewed each component.Financially , for 2019, the gold producer reported adjusted net income of $67.8 million, or $0.80 per share, on a basic and $0.79 d...Read More
These instances are located outside of previously drilled areas at Great Bear Resources' project in the Red Lake District. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) reported in a news release the progress it has made with its $21 million exploration program and its predictive modeling of gold mineralization at the LP Fault zone, at its Dixie project in Ontario's Red Lake District.As for...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders' attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn't come from gold's usual primary drivers. The stealth buying behind this...Read More
Richard (Rick) Mills, Ahead of the herd"Minsky Moment" refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for o...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
Mining consulting firm The MSA Group is hoping that the review of Namibia’s Minerals (Prospecting and Mining) Act will enhance the country’s ‘friendliness’ towards mining investors.The MSA Group principal consultant Mike Robertson says the 1992 legislation has been under review since 2018. Although the aim was to implement the legislation last year, it has been delayed, owi...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIf developed, the cobalt option would make Santo Domingo the fourth largest battery-grade cobalt producer outside of China and the largest in the Americas.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe permitting issue in the Philippines saw copper sales more than halve to 6,900t while gold sales of 448,400 ounces in 2019 were also down on the 532,716oz sold in 2018.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe dispute concerns taxes paid by the Oyu Tolgoi copper-gold mine between 2013 and 2015.The dispute resolution provisions set out in the 2009 Investment Agreement (IA) and the 2015 underground mine development and financing plan with the Mongolian government call for arbitration under the United Nations Commission on International...Read More
The equity markets barometer suggests concerns over the economic impact of the novel coronavirus (2019-nCoV) have picked up again over the past 24 hours, with Asian equities weaker this morning, Friday February 21, as are most of the metals.We said on Thursday that markets were focused on coronavirus developments more so than the impact to supply chains, but it seems that traders are now getting m...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Index futures were virtually unchanged following release of January Existing Home Sales at 8:30 AM EST. Consensus was a decline to 5.48 million from 5.54 million units in December. Actual was 5.43 million units.Royal Bank (RY $108.00 Cdn.) is expected to open higher after reporting high...Read More