Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More
The S&P is signaling a higher startDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as a negative earnings reaction for Caterpillar (CAT) offsets a post-earnings pop for Boeing (BA) stock. At last check, CAT shares were down 2.4% in electronic trading, despite a first-quarter adjusted earnings and revenue beat. BA stock is up 1.7%, as the 737 Max planemaker's i...Read More
Max Keiser challenges anyone to dispute his claim that "Bitcoin is Peer to Peer Gold". I accept the challenge. Bitcoin is Fool's Gold Bitcoin has some rare and interesting properties. Like gold, Bitcoin is easily divisible. But what about scarcity? Proponents claim Bitcoin is scarce. Alleged proof of the claim is that only a certain number of them will be mined. The claim i...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
High prices are luring Africans into prospecting for gold. But huge volumes are smuggled out through the Middle East.By DAVID LEWIS in Nairobi, RYAN McNEILL and ZANDI SHABALALA in LondonFiled April 24, 2019, 6 a.m. GMTBillions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the U...Read More
Gold spot ($) The downside prevails. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1273.00 Our preferenceShort positions below 1273.00 with targets at 1266.00 & 1262.00 in extension. Alternative scenarioAbove 1273.00 look for further upside with 1276.50 & 1279.50 as targets. Comment The RSI shows downside momentum. Silver spot ($)...Read More
Anglo American's De Beers is stepping up efforts to remove conflict diamonds from the market by expanding a pilot program in Sierra Leone, which is set to help trace the route of precious stones dug up by small miners in the country.The world's largest rough diamond producer by value said Wednesday the decision to scale up its GemFair trial was made to give more artisanal and small-scale miners (A...Read More
Anglo American's De Beers is stepping up efforts to remove conflict diamonds from the market by expanding a pilot program in Sierra Leone, which is set to help trace the route of precious stones dug up by small miners in the country.The world's largest rough diamond producer by value said Wednesday the decision to scale up its GemFair trial was made to give more artisanal and small-scale miners (A...Read More
Alrosa's (MCX:ALRS) International mine produced this month the largest gem-quality diamond seen in the past two years.In a press release, the world's top diamond miner by output revealed that the stone weighs 118.91 carats, displays a light yellow overblown, has salient edges, one of them with cleavage, and has small inclusions in the central zone.The International deposit was first discovered in...Read More
ALX Uranium (TSXV: AL) announced this week that it has signed a binding option agreement with Orano Canada to earn up to a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan, Canada.In a media statement, ALX said the execution of the agreement confirms a five-year deal according to which the company has to fund explorat...Read More
ALX Uranium (TSXV: AL) announced this week that it has signed a binding option agreement with Orano Canada to earn up to a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan, Canada.In a media statement, ALX said the execution of the agreement confirms a five-year deal according to which the company has to fund explorat...Read More
* SPDR gold holdings fall to six-month low * Asian shares fall, European markets splutter * Gold to find support at $1,264, resistance at $1,284 (Updates prices)By Sethuraman N RApril 24 (Reuters) - Gold prices edged up from the previoussession's four-month low as a dollar rally relented and equitiessoftened on Wednesday.Spot gold was up 0.1 percent at $1,273 an ounce by1248 GMT after hitting its...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, April 24 (Reuters) - Copper and other base metalsrecovered on Wednesday from the previous day's losses, buoyed byhopes for a U.S.-China trade deal and stronger economic growthin top metals consumer China.The White House said that top U.S. officials will travel toBeijing for trade talks next week, with one leading offi...Read More
Prior data on when the SPX tests its previous high Stocks have been on a tear since bottoming last Christmas Eve. The all-time high on the S&P 500 Index (SPX) now looms just overhead. A lot of market technicians see that as potential resistance. In other words, they believe there's an increased chance of a pullback or at the very least a pause in the rally. This week I'm looking at prior instances...Read More