Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(IDEX Online) - Diamcor achieved an average $278 per carat in its second tender of the year, after Covid forced the closure of its mine.It said prices held firm, demonstrating its potential to generate "excellent" dollar per carat results from processing quarry material at the Krone-Endora mine at Venetia Project, in South Africa.The Canadian junior miner acquired the deposit from De Beers in Febr...Read More
(IDEX Online) - The company behind diamond "coins" for investors will embark on the automated purchase of about 50,000 gems on Tuesday.The coins (see picture) will be the world's first regulator-approved, exchange-traded, fungible diamond commodity offering. New York-based Diamond Standard is buying inventory to produce the first batch of 5,000 diamond standard coins, each containing "a...Read More
(IDEX Online) - A New York jeweler has been reunited with the 36 engagement rings he left behind on a train.An honest conductor on the Long Island Rail Road (LIRR) found the jewelry - worth $107,000 - and handed it in for police to return to the owner.Ed Eleasian, a Midtown jeweler, forgot the tray of the rings on a Thursday evening train between Manhattan and Port Washington.Conductor Jonathan Ye...Read More
April 21, 2021 -- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) today announces that three employees at the Rainy River Mine in...Read full newsRead More
April 21, 2021 -- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) today announces that three employees at the Rainy River Mine in...Read full newsRead More
NEW YORK, April 22, 2021 /PRNewswire via COMTEX/ --NEW YORK, April 22, 2021 /PRNewswire/ -- The gold market continued to climb back towards the USD 1,800 an...Read full newsRead More
The cryptocurrency bubble looks like it has finally popped and more downside could be on the way. Investors who made some money on the Bitcoin rally are now looking for new opportunities to invest the funds.How low could Bitcoin go?Bitcoin surged from US$6,000 in March 2020 to above US$60,000 on April 15, 2021. Profit taking and fears about new crypto regulations have triggered a sell-off. At the...Read More
It’s been more than a year since the pandemic-led market crash. The subsequent recovery was indeed remarkable one given the magnitude of the crisis and the economic damage. Interestingly, small-cap TSX stocks have substantially outperformed their larger counterparts in this rally.The TSX Composite Index surged almost 35% in the last 12 months while the small-caps at large soared more than 70...Read More
TSX stocks at large have gained 35% in the last 12 months. Markets look in great shape and might continue to soar higher amid the impending economic recovery. If you are sitting on some extra cash, here are three top TSX stocks to invest in for the longer term.National Bank of CanadaNational Bank (TSX:NA) stock has notably outperformed its bigger peers. NA stock is up 68% in the last 12 months, wh...Read More
A co-worker recently proposed an argument for gold using what statisticians call the Lindy Effect.What is the Lindy Effect?Well, the basic idea behind the Lindy Effect is that the life expectancy of some things is proportionate to their current age.In other words the longer something exists, the longer we should expect it to continue existing.Now, right off the bat you can probably think of a mill...Read More
Apr 26, 2021 Lithium miners Orocobre and Galaxy Resources merged this week in a A$4 billion deal to create the world's fifth largest global lithium chemicals company. The deal was highlighted by Mining Audiences Manager Michael McCrae on Kitco Roundtable, which was recorded on Friday with Kitco correspondent Paul Harris, editor Neils Christensen and special guest Stephen Twyerould, CEO of Excelsio...Read More
All base-metals prices on the London Metal Exchange were up by 1% or more at the 5pm close of trading on Monday April 26, with overarching bullish sentiment toward economic recoveries taking hold of the complex throughout the day.Copper and aluminium were the leaders of the rally on Monday, both reaching new 2021 highs during the day at $9,765 and $2,407 per tonne respectively.They closed at 5pm u...Read More
Apr 26, 2021 The Metals Company has over $500 million pipeline to fund the company through to small-scale commercial production, said CEO Gerard Barron who spoke to Kitco on Thursday. The Metals Company was formerly named DeepGreen. A March financing valued the company at about $2.9 billion. Barron told Kitco he sees around $570 million total from the raise that will fund the company. The Metals C...Read More
Copper's price reached $9,705 per tonne in the morning, while the rest of the London Metal Exchange base metals also started the week with higher prices on Monday April 26. Copper's price was up 1.6% on Monday morning to a new 2021 high - and its highest level since July 2011 - following a 1.9% rise over last week, when it closed at $9,551 per tonne on Friday. There were more than 11,000 lots...Read More
Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers' index (PMI) data that was out on Friday. US markets managed to shake-off concerns about US President Joe Biden's tax plans Base metalsLME three-month base metals pr...Read More
Here are five Fastmarkets stories you might have missed on Monday April 26 that are worth another look.Liberty Steel Dudelange-Liege has been cancelling orders and shipments to customers that had agreed deals for cold-rolled coil and hot-dipped galvanized coil, sources have told Fastmarkets.Metal...Read More
Bob Moriarty ArchivesApr 26, 2021Investors love reading recommendations on stocks they should buy for two reasons. One is they hope the stock they go buy goes up and makes money for them. The other is they have someone to blame should they not make money either because the stock went down or they failed to sell at a profit when they could.Actually I rarely recommend buying a specific stock and it&...Read More
The latest data for the global manganese ore market for the week ended April 26, 2021.Read More
Jack ChanPosted Apr 26, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices. Our ratio is...Read More
Renewed demand, sparked by lower offers in the past two weeks, shifted the seaborne manganese ore market to an uptrend this week, against the backdrop of support for portside prices and a strengthening performance in silico-manganese futures.Fastmarkets' manganese ore index 37% Mn, cif Tianjin, ticked up by 9 cents to $4.36 per dry metric tonne unit (dmtu) on Friday April 23, from $4.27 per dmtu a...Read More