China's intention to cut the rate of value-added tax to 13% has already been credited for an increase in imported ore prices and having a bearish effect on alloys, Fastmarkets heard on Wednesday March 27.The rate of VAT in the east Asian country applicable to manufacturers will be lowered from April 1 by 3 percentage points, to 13%, with the intention of stimulating China's slowing economy.The tax...Read More
The European Commission has started an in-depth investigation into Novelis' proposed acquisition of Aleris over concerns that the deal may reduce competition in the semi-finished aluminium market and lead to rising prices.US-based Novelis, a subsidiary of India's Hindalco, and Aleris are both global downstream aluminium product producers. In Europe, the two companies have operations in Belgium, Ge...Read More
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Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.Investors need patience. News in the West that "should" push gold $100/ounce higher is in play...Read More
Wheaton Precious Metals Corp (TSX:WPM) shares have been on a tear. Since November, the company’s stock has been on a consistent incline, climbing from roughly $20 per share to more than $33.This impressive streak comes at a time when other resource stocks are stuck near all-time lows. Why is Wheaton Precious Metals stock breaking out?Wheaton has a clever business modelAs a metals streaming...Read More
Growing concern of a looming U.S. recession, weaker economic growth in China and a declining outlook for the European Union have all worked to bolster gold in recent months, seeing it rally to over US$1,343 an ounce before pulling back to just under US$1,295 per ounce. This has been a boon for gold miners, causing the VanEck Vectors Gold Miners ETF to gain 8% since the start of 2019.Combined with...Read More
Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.Investors need patience. News in the West that "should" push gold $100/ounce higher is in play...Read More
Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken lower. The coup de...Read More
The syndicate of underwriters, led by Haywood Securities, have agreed to buy shares at 36c each, with a 15% overallotment option.Read More
Drilling at the Sikasso property in southern Mali, West Africa. Source: Compass Gold Corp.Compass Gold Corp. [CVB-TSXV; COGDD-OTC] shares skyrocketed Thursday March 28 after the company said drilling on the company's Sikasso property in southern Mali, West Africa, has intersected high-grade gold mineralization.Investors reacted by sending Compass shares up 500% or 57.5 cents, to 69 cents on active...Read More
The Greenstone Gold Mines Hardrock Project in northern Ontario. Source: Premier Gold Mines Ltd.Centerra Gold Inc. [CG-TSX; CAGDF-OTC] and Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] said Thursday March 28 that the environmental assessment for the Greenstone Gold Mines Hardrock Project in Ontario was approved by the provincial government on March 26, 2019.Their aim is to develop an open pit mine th...Read More
Aethon Minerals Corp. (TSX-V: AET) is a well-funded mineral exploration company, focused in South America. They were spun out of Altius Minerals, in May of 2018, with over 100,000 hectares of prospective land package, in northern Chile and a goal to advance it and to find potential partners to explore the properties. We learned from John Miniotis, Interim CEO of Aethon Minerals, that the Company r...Read More
In Martin County, Texas, about 310 miles northeast of the state capital of Austin, a breakthrough drilling technology is pumping out so much oil that the Financial Post says:"You add all the numbers up and what you start to come up with is very, very scary...""Dwarfs all other drilling techniques...""It's the next big thing after fracking!"In some cases, this new method of extraction has increased...Read More
Abitibi Royalties Inc. (TSX-V: RZZ) owns various royalties at the Canadian Malartic Mine, near Val-d'Or Qu?(C)bec, and is building a portfolio of royalties on early stage properties, near producing mines. At PDAC 2019, we learned from Ian Ball, President and CEO of Abitibi Royalties that their royalty income started at the end of last year and the Company is looking at $4 to $4 1/2 million in cash...Read More
By: Dave KranzlerGold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken...Read More
By: IRA EPSTEINGold at a very critical area, overbought and momentum pointing lower -- $1287-1289 area support...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
A driving trip down the Pacific Coast normally involves winnowing a long list of great views and spectacular hiking/biking trails down to fit the allotted (never sufficient) time.Continue...Read More
China has made significant new proposals in talks with the United States on a range of issues including forced technology transfer Continue...Read More