After two years, and several attempts to gain access to copper and gold mines in Eritrea and Serbia, Canada's Lundin Gold (TSX:LUG) has decided to abandon its plan to acquire fellow miner Nevsun Resources (TSX, NYSEMKT:NSU).Faced with a competing bid from China's state-backed Zijin Mining, the Toronto-based company said it won't raise its offer for Nevsun."Lundin Mining continues to pursue strateg...Read More
"The 34 day moving average velocity has stopped all reversal attempts in gold since the 1366 peak into the recent low.NFP report tomorrow should be interesting as the control boyz shake the tree.price has wrapped itself around it all week. Odds favor Sept is the yearly low."Read full newsRead More
"Today's job numbers might be the biggest disaster I've ever seen reported. This Fall could get real ugly real fast. The deterioration of the participation rate is so big it makes me suspicious of earlier numbers." - John Titus, producer of Best Evidence videos.Titus goes on to say, ""The Household Survey" is showing a net loss of 1.47 million jobs year-over-year and a Labor Force reduction north...Read More
Lundin Mining's Candelaria Mine in Chile. Source: Lundin Mining Corp.Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] has announced a 27% increase in mineral reserves and a 20% hike in contained copper at its flagship Candelaria mine in Chile.Total estimated measured and indicated mineral resources at Candelaria have jumped 29% to 952.5 million tonnes at 0.65% copper, from 740.9 million tonnes at 0.70%...Read More
Tahoe's La Arena open pit gold mine in Peru. Sources Tahoe Resources Inc.Tahoe Resources Inc. [THO-TSX, NYSE] said Friday September 7 that it has restarted mining operations following an agreement to end the protest at its La Arena Mine in Peru. On the evening of September 6, 2018, protestors from the community of La Ramada signed an agreement to participate in formal dialogue with Tahoe Peru to b...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,090.27, down 10.67 points).Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down seven cents, or 0.85 per cent, to $8.12 on 17.4 million shares.Aphria Inc. (TSX:APH). Healthcare. Down 98 cents, or 4.59 per cent, to $20.37 on 17.1 million shares.HEXO Corp. (TSX:HEXO). Healthcare. Down seve...Read More
VANCOUVER - Tahoe Resources Inc. has restarted its La Arena gold mine in Peru following an agreement to end a protest and begin a formal dialogue to resolve complaints raised by members of the community of La Ramada.The Vancouver-based metals miner said Friday talks between Tahoe Peru and protesters would be hosted by the government's mines ministry.Work at the mine had been suspended for eight da...Read More
Oil prices opened a bit lower this morning. But the price of oil remained mostly steady this week, as record levels of U.S. oil production offset declining inventories.However, there are several factors brewing in the oil pot that could send prices higher in 4Q. A coming "peak" in American crude output, increasing global demand, and geopolitical fallout from Washington's sanctions against Iranian...Read More
A Fake Money WorldThe NASDAQ slipped below 8,000 this week. But you can table your reservations. The record bull market in U.S. stocks is still on. With a little imagination, and the assistance of crude chart projections, DOW 40,000 could be eclipsed by the end of the decade. Remember, anything and everything's possible with enough fake money. Driven by a handful of big cap tech companies,...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) has tabled a maiden resource for its Stock East gold deposit and an updated resource for its Froome gold deposit to go with numerous positive results from its ongoing $15-million exploration campaign at its Black Fox complex in Timmins, Ontario.The company has drilled 80,000 metres so far at Black Fox in 2018 of a planned 100,000 metres by year-end."Very little...Read More
Largo's Maracas Menchen vanadium mine in Brazil. Source: L:argo Resources Ltd.All is not well in Brazil, as the devastating fire at the country's national museum would suggest.However, in spite of the well documented economic challenges and reports of corruption in government, Brazil is home to an established mining sector that can't easily be ignored.Brazilian giant Vale SA [VALE-NYSE] emerged as...Read More
CIBC has launched coverage of junior developer Equinox Gold (TSXV: EQX) with an outperform rating and a 12-18 month target price of $1.30 per share.The stock is currently trading at $1.07.The company, with assets in Brazil and California, was formed late last year through a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold.Equinox expects to pour first gold from its Aurizona project...Read More
China, Russia, and other countries have long targeted Germany with hacking efforts.For example, Hans-Georg Maassen, head of the German intelligence agency BfV, says China is seeking to gain dominant positions in key tech sectors by stealing information from German companies. As in the United States, Chinese companies have also been investing in German firms.This, Maassen says, is part of the count...Read More
CloseGain/LossGold $1199.70+$2.70Silver$14.16-$0.03XAU62.91-0.25%HUI135.37-0.64%GDM496.78-0.39%JSE Gold1025.44+4.76USD95.06-0.07Euro116.26-0.06Yen90.22+0.48Oil$67.77-$0.9510-Year2.880%-0.020T-Bond144.3125+0.4375Dow25995.87+0.08%Nasdaq7922.73-0.91%S&P2878.05-0.37% The Metals: Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then...Read More
- "Why hedge because everything is going straight up"?- Now "is exactly the time when should hedge" as volatility in U.S. markets is low- "September is the most dangerous month of the year for equities"- Gold is an "excellent way to hedge for the longer term against the possibility that both equities and bonds go down together at some point and that is quite likely in the next 12 months...- "He...Read More
Silver is still a great investment for a period of three years or more. But nobody has the patience to wait for three years. Supply fears from Iran and Venezuela have resulted in firm crude oil. Asian demand is the key to the crude oil price and not American demand. The per capita consumption of crude oil is much lower in Asia than the USA. But the population in Asia is more than double of the...Read More
BHP Billiton has entered into an agreement with Guyana Goldfields to acquire the latter's 6.1-percent stake in SolGold, which owns the Cascabel porphyry copper-gold project in Ecuador.Read full newsRead More
"Europe May Become the World's Largest Medical Marijuana Market #marijuana $CROP $WEED @nextgreenwave $ACB $APH #medical marijuana #cannabis #invest https://t.co/OIz0E7WH3v"Read full newsRead More
A new technique picks out patterns in DNA mutation within cancers to forecast future genetic changes.Read full newsRead More
"Crop Advances Dispensary App to Level 3 Review and Hempire's Harvest Continues With First Sales Pending Testing -- $CROP @CROP_CSE #Cannabis #California #CRXPF #CropCorp -- Read the News Release here: https://t.co/NHsGAJ7gsj"Read full newsRead More