In 2016, traders bought all beaten-down gold miner stocks without distinction. Industry investors were giving almost every company a chance. Financing came from every which way.2019 will be different: Knowledgeable gold mining industry investors have learned a lot about various junior gold miner companies since 2016.In the next leg of the rally, industry investors will be more selective. Not all c...Read More
* Cash/threes zinc spread jumps to $97/T backwardation * Global aluminium output rises to 5.4 mln T in Oct-IAI* Nickel hits lowest in more than 11 months(Updates with closing prices)By Eric OnstadLONDON, Nov 20 (Reuters) - Copper prices slipped on Tuesdayafter five days of gains, unnerved by a sell-off on sharemarkets and sapped by uncertainty before a meeting of U.S. andChinese leaders.Both coppe...Read More
* Euro falls as risk sentiment sours * Yen, Swiss franc both gain on safe-haven bids * Tech share slide, Fed caution had earlier hobbled dollar * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Nov 20 (Reuters) - The euro fell from a two-weekhigh on Tuesday as a selloff in world stock markets andnervousness about Italian banks fed through to the currenc...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
Mr. Nav Dhaliwal reports BONTERRA AND DUKE OPTION DRILLING EXTENDS GLADIATOR LENGTH TO 4.5 KMBonterra Resources Inc.'s Gladiator mineralized trend has been extended to over 4.5 kilometres as a result of new drill results as well as new information gained through the Duke joint venture database.Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko M...Read More
Canada's Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner.Both the go-ahead granted by China's State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the final regulat...Read More
* China-U.S. trade tension rises ahead of G20 meeting * SPDR Gold Trust holdings rose on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 20 (Reuters) - Gold firmed near a two-weekpeak on Tuesday, as a slide in stock markets offset an uptick inthe dollar, with the metal holding a tight range in light tradeahead of the U.S. Thanksgiving holiday.Spot gold rose 0.1 percent to $1,225.56 per ounce...Read More
LONDON, Nov 20 (Reuters) - Global primary aluminium output rose to 5.414 million tonnes in October from 5.301 million tonnes in September, data from the International Aluminium Institute (IAI) showed on Tuesday.Estimated Chinese production rose to 3.05 million tonnes in October from 3.01 million tonnes in September, it added.Keywords: IAI PRODUCTION Disclaimer: The views expressed in this article...Read More
Africa-focused Perseus Mining (ASX,TSX:PRU) said Tuesday that drill results from the Esuajah Gap deposit at its Edikan gold mine in Ghana show the asset contains "significant" mineralized granite bodes well for a productive life extension.While Edikan currently has only six years of resources left, the company believes the mine life could be extended by tapping into the Esuajah Gap discovery.Based...Read More
Africa-focused Perseus Mining (ASX,TSX:PRU) said Tuesday that drill results from the Esuajah Gap deposit at its Edikan gold mine in Ghana show the asset contains "significant" mineralized granite bodes well for a productive life extension.While Edikan currently has only six years of resources left, the company believes the mine life could be extended by tapping into the Esuajah Gap discovery.Based...Read More
The repeated failure to move past the 100-day exponential moving average (EMA) is a slight cause for concern for the bulls. The dollar index (DXY) remains on the defensive and could suffer a deeper sell-off, lifting gold above the key EMA hurdle if the 10-year treasury yield suffers a double top breakdown. Gold is currently trading at $1,221 per Oz, having faced rejection at the 100-day EMA hurd...Read More
The Monday Market Minute Dow falls triple digits out of the gate as markets are weighed down by new trade issues.The Nasdaq experienced its third decline in four sessions. This is the first time all three major indices are in the red in three sessions. Nvidia continued its downward slide, falling another 7% in morning trading. U.S. stocks were routed in market trading Monday as market...Read More
Jack ChanPosted Nov 19, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.Speculation remains at multi decade low.Tradable bottom remains in p...Read More
The Monday Market Minute Global stocks mixed, despite conflicting statements on the fate of U.S-China trade, as dovish comments from Fed Vice Chair Clarida cast bullish tone heading into holiday-shortened week.APEC meeting fails to agree communique as Pence jabs China on unfair trade policies, Beijing says world faces choice between "cooperation and confrontation" at testy meeting in Port Moresb...Read More
(The opinions expressed here are those of the author, acolumnist for Reuters.)By Clyde RussellLAUNCESTON, Australia, Nov 19 (Reuters) - Are themuch-lauded predictive capabilities of copper starting to showthat the divide between China and the United States on trade andinvestment, which was on full display at the weekend meeting ofAsia-Pacific leaders, no longer matters?The failure of leaders of th...Read More
CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
By Ira EpsteinGold sells off as US Dollar soars. https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. After breaking upside from a double bottom pattern, gold continues its solid price action. More good times lie directly ahead for precious metals investors, because Chinese New Year buy season begins very soon.2. Please click here now. Double-click to enlarge. Note the solid position of my key 14,7,7 Stochastics indicator on this daily g...Read More