Recent News

Ontario Investing in Tourism Infrastructure in Algoma and Manitoulin Regions

May 22, 2019 / news.ontario.ca

Ontario's government is working for the people by supporting tourism infrastructure projects in the Algoma region and Manitoulin Island.Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of over $1.3 million. Projects include: $1 million for the Township of Billings to complete infrastructure improvements to the Kagawong waterfront.$282,080 for the City of...Read More

Opinion: Charts suggest there could be a bull market in gold after eight lean years

May 22, 2019 / www.marketwatch.com

Bloomberg Is gold about to go full bull? Let's check some charts to see. Before we do, here are some basic price facts: Gold GC00, +0.05% peaked in 2011 at just above $1,900 an ounce. Since then, it's been an exercise in dread for gold bugs. (Disclosure: I have no positions in gold.) Gold bottomed in early 2016 and now it's back in the same price range as it's been since 2013. So, basically, the...Read More

Target Goes Against the Grain, Moves Higher After Quarterly Report

May 22, 2019 / www.schaeffersresearch.com

Target stock closed just shy of a key trendline yesterdayDespite the retail sector seeing earnings-related weakness this week, shares of Target Corporation (NYSE:TGT) have already gapped 7% higher, to trade at $76.68. Target this morning reported a first-quarter earnings and same-store sales beat, citing same-day fulfillment services for its digital strength especially. The company also shared pl...Read More

Apple Supplier Struck With Antitrust Court Ruling

May 22, 2019 / www.schaeffersresearch.com

A federal judge ruled Qualcomm's practices as a violation of antitrust lawThis morning, U.S. District Judge Lucy Koh in San Jose, California, ruled that Qualcomm, Inc. (NASDAQ:QCOM) has violated antitrust law. More specifically, Koh accused the Apple supplier of marginalizing competition for cellphone chips by exacting steep licensing fees. In her own words, "Qualcomm's licensing practices have s...Read More

Insights: On the edge of boom and bust

May 22, 2019 / www.canadianinsider.com

In this week's Insights newsletter, we quickly review whether our insider signals are suggesting boom or bust ahead. Our insider of the week is the CEO of an industrial company that inspired us to launch the INK No-Go stock list.Click here to read this week's edition and registration is not required.Read More

Urban Outfitters Stock Hits New Lows After Earnings

May 22, 2019 / www.schaeffersresearch.com

The company reported weakening sales growth for its first-quarter The shares of Urban Outfitters, Inc. (NASDAQ:URBN) are slipping today, after the retailer reported slower growth for its first quarter. Specifically, the firm posted per-share earnings that beat analysts' estimates, but came in 7 cents lower than last year's results, as well as weakening sales and shrinking gross margins -- mostly d...Read More

Philippines exempts gold sales to central bank from taxes to boost foreign reserves

May 22, 2019 / www.mining.com

The Philippines has passed a law exempting gold sales by small-scale miners to the central bank from excise and income taxes to beef up the country's foreign exchange reserves and prevent smuggling, the Bangko Sentral ng Pilipinas said on Wednesday.Philippine President Rodrigo Duterte signed the law into effect on March 29, the central bank said in a statement.By law, all gold produced by small mi...Read More

Lowe's Sinks, Analysts Take on Home Depot Stock

May 22, 2019 / www.schaeffersresearch.com

Weekly options traders targeted HD's post-earnings actionLowe's Companies, Inc. (NYSE:LOW) is set for a large sell-off after the company reported quarterly earnings that were below analysts' expectations. On top of that, the retailer lowered its full-year profit forecast. Shortly before the open, LOW shares were down 8.5%, which would put them at $101.68, back below the 200-day moving average. The...Read More

Get ready for difficult times, China's Xi warns during trade war

May 22, 2019 / www.mining.com

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.The two countries are locked in tit-for-tat tariff increases on each other's imports, after talks broke down to resolve their dispute.Acrimony has intens...Read More

Stock Futures Slide on Retail Earnings, Qualcomm Sell-Off

May 22, 2019 / www.schaeffersresearch.com

The FOMC meeting minutes are set for release later todayFutures on the Dow Jones Industrial Average (DJI) are trading below fair value, with a busy day already taking off for investors. Retail stocks are weighing heavy after a slew of disappointing earnings reports, while chip stock Qualcomm (QCOM) is down 10% in electronic trading, after U.S. District Judge Lucy Koh ruled the tech firm used antic...Read More

Aurubis buys recycler Metallo in move beyond copper

May 22, 2019 / www.mining.com

Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals."Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significant...Read More

Aurubis buys recycler Metallo in move beyond copper

May 22, 2019 / www.mining.com

Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals."Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significant...Read More

China's MMG says Las Bambas copper operations not disrupted, talks ongoing

May 22, 2019 / www.mining.com

Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down, Americo Contreras, a representative of the public ombudsman...Read More

China's MMG says Las Bambas copper operations not disrupted, talks ongoing

May 22, 2019 / www.mining.com

Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down, Americo Contreras, a representative of the public ombudsman...Read More

RT @zerohedge: Tesla Slashes Car Prices For The Third Time In 3 Months

May 22, 2019 / www.zerohedge.com

Tesla has updated its online configurator to reduce the price of the Model S and Model X by $3,000 and $2,000, respectivelyRead full newsRead More

To borrow $500m, Zimbabwe pledges mine that doesn't exist

May 22, 2019 / www.mining.com

The collateral for African Export-Import Bank's $500 million loan to Zimbabwe is a mine that hasn't been dug yet, people familiar with the matter said.The loan, which will be paid over four years when production starts, is backed by a mine that Great Dyke Investments, a venture between Russian investors and the Zimbabwean military, plans to build at a cost of $4 billion, the people said. The mine,...Read More

European Politics And Its Indirect Effect On Gold Prices

May 22, 2019 / seekingalpha.com

The European elections take place this Thursday in the UK and the polling suggests a win by a large majority by the Brexit Party.Theresa May intends to ask her cabinet to sign off a package of Brexit concessions this week, as she ramps up for one last bid to win over MPs.The lack of clarity surrounding this issue is having a negative effect on both the Pound and the Euro and thus the US Dollar gli...Read More

Glencore to supply #cobalt feedstock to restart First Cobalt...

May 22, 2019 / reut.rs

Glencore Plc will supply cobalt feedstock to restart First Cobalt Corp's re...Read full newsRead More

. @Elemental_Royal Managing Director Frederick Bell will be joining the panel discussion 'From Alternative to Mains...

May 22, 2019 / twitter.com

". @Elemental_Royal Managing Director Frederick Bell will be joining the panel discussion 'From Alternative to Mainstream: How Royalties has changed the face of #MiningFinance' at #MJSelect#MJS"Read full newsRead More

A seasoned fund manager and investor with over 15 years experience directing open-ended funds and private equity in...

May 22, 2019 / twitter.com

"A seasoned fund manager and investor with over 15 years experience directing open-ended funds and private equity investments in natural resources, #SectorInvestmentManagers CEO Angelos Damaskos will be sharing his expertise this June at the #MJSelect conference! #MJS"Read full newsRead More

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