Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moody's Investors Service has warned."Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal avai...Read More
Botswana Diamonds (LON:BOD) is expanding its operations from its base country to neighbouring Zimbabwe by teaming up with Vast Resources (LON:VAST) to jointly explore for diamonds in that country.The memorandum of understanding signed Tuesday sees the two companies exchanging past exploration information on areas prospective for diamonds in Zimbabwe. It also says the parties will set up a jointly...Read More
Pacific Ridge Exploration (TSXV: PEX) announced today that it is planning to buy the Spius porphyry copper project, located 40 kilometres southwest of Merritt, British Columbia.In a press release, the Vancouver-based miner whose assets span from Yukon to B.C., said that the Spius property was explored for its porphyry potential in the 1960's and early 1970's. However, most of the records from that...Read More
Following an operation against illegal mining in the north-central Carabobo state, General Juan Carlos Du Boulay Perozo, Commander of the Carabobo Defense Operating Zone No. 45, said that illegal miners in Venezuela have created "unions" in charge of controlling gold trading activities. In the region under Du Boulay's oversight, such illicit organizations operate in an area called Negra Matea, whe...Read More
https://www.northernontariobusiness.com/Greater Sudbury's internationally acclaimed environmental regreening effort to heal its industrially-scarred landscape has hit the 40-year mark.The program, launched in 1978, put the city on the map as an environmental leader in miraculously transforming the area from a mostly tree-less moonscape to a lush landscape.In that four-decade span, more than 3,400...Read More
Canada Cobalt Works Inc. (formerly Castle Silver Resources Inc.) is a growing cobalt focussed Company with past producing Canadian cobalt/silver mines under exploration, a proprietary metal separation process for efficient cobalt extraction plus a cobalt recovery division set up to recover cobalt from spent batteries. The Company is moving forward on all fronts with cobalt prices continuing to ris...Read More
The time has finally come to see if the Fed can pull off its biggest trick yet.Can it finally pull the punch bowl away?For years, it kept the party going and every single dollar possible in equities. Then it tried for years to warn investors that it wouldn't last forever.Now it is increasingly clear, especially after the release of the FOMC minutes earlier this month, that the Fed is committed to...Read More
"Big Brother does not watch us, by his choice. We watch him, by ours. There is no need for wardens or gates or Ministries of Truth. When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience and their public business a vaudeville act...Read More
"Big Brother does not watch us, by his choice. We watch him, by ours. There is no need for wardens or gates or Ministries of Truth. When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience and their public business a vaudeville act...Read More
Gold fell on Monday as easing tensions on the Korean peninsula boosted appetite for assets seen as higher risk.Read full newsRead More
China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.Read full newsRead More
BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU) is pleased to announce the Company has closed a first tranche of its previously announced non-brokered private placement (see PR dated April 19th, 2018) issuing 9,007,401 units (the 'Units') at a price of $0.06 per Unit for aggregate gross proceeds of $540,444.06.Read full newsRead More
Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the timing of its 2018 first quarter earnings conference call scheduled for Wednesday, May 2, 2018.Read full newsRead More
In the just concluded quarter the US just borrowed $488BN in debt: This was the single biggest quarterly amount of debt sold by the US since the record $569BN borrowed in Q4 2008 when the financial system nearly collapsed.Read full newsRead More
Good news for junior bankers at Morgan Stanley: for the first time in 4 years, associated base will increase by 25%, while analysts will be promoted after only two years.Read full newsRead More
CloseGain/LossGold $1314.70-$8.90Silver$16.31-$0.21XAU81.15-2.15%HUI178.47-1.96%GDM622.44-1.81%JSE Gold1104.60+8.93USD91.85+0.34Euro120.84-0.44Yen91.58-0.17Oil$68.47+$0.4710-Year2.935%-0.024T-Bond143.53125+0.34375Dow24163.15-0.61%Nasdaq7066.27-0.75%S&P2648.05-0.82% The Metals: Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a lo...Read More
Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April's NFP. Fundamentally gold and silver are bearish as physical...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD IDENTIFIES POTENTIAL NEW SOURCE OF GOLD PRODUCTION IN NORTHERN TERRITORY OF AUSTRALIAKirkland Lake Gold Ltd. has released positive drill results at Union Reefs, where the company's processing plant in the Northern Territory is located. The company's Northern Territory operations, including the Union Reefs mill and Cosmo mine, have been on care and maint...Read More
Gold and precious metals investors should not start the day until they have Kitco's Global Trading Director Peter Hug's opinion of the marketplace. Hug's daily commentary highlights important events that happened overnight and important reports to come; he prepares investors for their day by providing important support and resistance price levels.Read full newsRead More
WTI has just broken above $69, and gold back above $1320, following accusations from Israeli PM Netanyahu that Iran had a secret plan to build nuclear weapons...Read full newsRead More