The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
Krishna Mohan, Jitesh Thakkar, Jiongsheng Zhao, James Vorley, Cedric Chanu and Andre FlotronRead full newsRead More
Mr. Marc Prefontaine reports ORLA ANNOUNCES INCREASE TO BOUGHT DEAL FINANCINGOrla Mining Ltd. has agreed with a syndicate of underwriters led by GMP Securities LP, and including Paradigm Capital Inc., Cormark Securities Inc., TD Securities Inc., Desjardins Securities Inc. and Raymond James Ltd., to increase the size of its previously announced $25.48-million bought deal offering. Pursuant to the u...Read More
Fundamental Research Corp (FRC) has initiated coverage on Chilean Metals Inc. (TSXV:CMX, OTCQB:CMETF, SSE:CMX, MILA:CMX, FRA:IVV1, BER:IVV1), with a BUY rating and a fair value estimate of C$0.30 per share.Read full newsRead More
Last week's other top-gaining mining stocks on the TSX were NextSource Materials, Brio Gold, Atalaya Mining and General Moly.Read full newsRead More
Xiaopeng Motors, a Chinese electric car startup who built a 'Tesla clone', announced that it secured an important 2.2 billion yuan ($348 million) investment round led by two Chinese tec...Read full newsRead More
The two metals face long-term supply constraints as batteries for smartphones and electric vehicles boom.Read full newsRead More
Innovation management services provider, Sopheon PLC (LON:SPE) expects 2017 sales and profits will be well ahead of market expectations when the numbers are totted up.The board expects that reported revenues for 2017 will exceed US$28mln, up from US$23mln in 2016.Overall revenue visibility for 2018 stands at US$18mln, compared to US$13m at this time last year.Earnings before interest, tax, depreci...Read More
Mining Capital's Alastair Ford says zinc, the metal used to make steel, is soaring in price due to the global economy marching forward and a strong demand for all sorts of metals.Ford says because zinc supplies have dwindled, the prices have increased to the highest level in more than 10 years. Ford says he imagines the price of zinc will increase even higher, but he doesn't believe prices wi...Read More
Iranian military boats have quietly ended years of harassment of US Navy vessels in the Persian Gulf, and it looks like another welcome sign of a new cop on the beat. For years, armed Iranian "fast...Read full newsRead More
Saudi Arabia is finally reaping the benefit of leading OPEC efforts to boost oil prices by trimming global output. Its net foreign reserves rose for three consecutive months through December for the first time since 2014, tracking oil's recovery. The trend may continue, with oil enjoying its best January since 2006 and net-long positions at record highs.Read full newsRead More
It's been a cold winter so far this year, with many parts of the country experiencing record low temperatures.Read full newsRead More
It sounds good, but be careful what you wish for.Read full newsRead More
Wyoming oil is saving the day, something that hasn't been said for more than two years. State revenue forecasts are improving. The oilfield service industry is climbing. And the generalRead full newsRead More
Shut up. Zip it. It is a pathetic and cowardly way of responding to reality, but it is, alas, a widespread behavior pattern in Western Europe today - and, at least in certain milieux in poor little Belgium, it has been all but raised to a sacrament.Read full newsRead More
Japan's new cryptocurrency regulations were put to the test last week when CoinCheck - a popular, if unlicensed, Tokyo-based crypto-exchange - became the target ofRead full newsRead More
Chris Eadie, CFO at Rose Petroleum PLC (LON:ROSE), discusses with Proactive's Andrew Scott new analysis of its Paradox basin acreage, in Utah, which sees the potential for some 450mln barrels to be present.Specifically, they've received the initial interpretation of new 3D seismic data for a 20 square mile area known as the Gunnison Valley Unit or GSU.The process, which is ongoing, has identified...Read More
Just to make us all feel hungry, Domino's Pizza Group PLC (LON:DOM) will deliver its latest trading news on Tuesday, with further progress expected after its third quarter update back in October showed solid like-for-like sale growth.That was on weak comparatives, however, and question marks remain over the group's margins and long-term sales growth trends.With competition rising - from...Read More
SANTIAGO, Jan 29 (Reuters) - Chile is open to negotiating an additional quota of lithium for local miner SQM to meet potential demand from U.S. electric car-maker Tesla, Eduardo Bitran, head of Chilean development agency Corfo, told Reuters on Monday.Bitran said Tesla and SQM were "exploring" opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide, a key ing...Read More
Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More