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
Risk-takers might be ready to bet on an imminent market rally, at least through the mid-December Fed meeting"The SPX closed below its 80-week moving average on Friday, currently situated at 2,660... Unless the SPX immediately recovers from this technical breakdown before the end of the month, risks have grown substantially for weakness over the next few months, or even a transition into a bear-mar...Read More
The latest news and price moves to start the Asian day on Tuesday December 4.Base metal prices on the London Metal Exchange were higher at the close of trading on Monday December 3, with broadly positive market sentiment emerging from the weekend's G20 Summit in Argentina, while the United States and China agreed to limit further use of trade tariffs. Read more in our live futures report.Here are...Read More
The latest metal markets news and price moves to start the North American day on Monday December 3.Base metals prices on the London Metal Exchange were all higher across the board in morning trading, boosted by positive sentiment surrounding the cooling US-China trade dispute while high volumes indicate strengthening buying appetite.Here's how base metals prices looked at 11:48am London time:Read...Read More
Good morning from FastMarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 4. All base metals prices on the Shanghai Futures Exchange moved higher during Asian morning trading on Monday December 3, benefiting from the positive sentiment after the agreement by Chinese President Xi Jinping and US President Donald Trump to find a solution to the trade wa...Read More
Peter KrauthThe price of gold just managed to tread water last week, but a weakening dollar could give gold a fresh boost in December.The metal has been fighting a robust U.S. dollar, supported by anticipated Fed rate hikes and trade tensions between major economies, specifically the United States and China.Still, gold prices held up particularly well. Consider that on Nov. 12, when the DXY touche...Read More
A number of large shareholders have confirmed to Paulson that they are voting for wholesale change Shareholders urged to vote using only the GOLD proxy and submit prior to 5:00 p.m. (Toronto time) on Thursday, December 6, 2018 NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Paulson & Co. Inc. ("Paulson"), one of the largest, long-term shareholders in Detour Gold Corporation (DGC) (&quo...Read More
Short-term headwinds remain, but gold's interim prospects are better.Falling Treasury yields bode well for gold demand.Gold is also getting some institutional and central bank support.Although gold still faces strong short-term obstacles in the form of a strong dollar and a weak crude oil price, the prospects for an intermediate-term turnaround are still strong. Along with diminishing competit...Read More
If Brexit - the departure of the United Kingdom from the European Union on March 29, 2019 - isn't on your radar, it should be. With the annual London Metal Exchange Week now in full swing, the exchange, its members and their customers need to have contingency plans in place if they are expecting to be affected in any way by Brexit. And as with anything political, an element of brinkmanship will na...Read More
Silver bulls will have a hard time with this one, and the outlook isn't any better for 2019 either. Here's trader Glenn West and his Elliott Wave analysis...by Glenn West (follow Glenn on Twitter) of West Pacific Trading AnalyticsBeen many months since I have been here to discuss the ongoing in Gold and Silver.So few even care what a modeler of the future is seeing in his tealeaves and instead...Read More
December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in so...Read More
Gold has picked up a tailwind in recent trading and that has investors kicking the tires on some of the top stocks in the industry.Let's take a look at Barrick Gold (TSX:ABX) (NYSE:ABX) to see if it deserves to be in your portfolio.Gold marketAt the time of writing gold trades for US$1,239 per ounce. That's the best price since July and pundits are wondering if it could be the start of a rally bac...Read More
The market has been unpredictable lately...and I'm sure more twists and turns lie ahead.But unless you're cashing out tomorrow, you should be fine. Let's keep things in perspective:?EUR? October 28, 1929: The "great crash" knocked Wall Street down 12.82% and jumpstarted the Great Depression.?EUR? October 19, 1987: The Black Monday crash dropped stocks by 22%.?EUR? September 17, 2001: The Dow fell...Read More
BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
Malaysia has told Lynas Corp (ASX:LYC), the Australian miner a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactive was...Read More
BRITISH COLUMBIA - The assay results are in from Spanish Mountain Gold's drilling program for the gold project of the same name 70 km northeast of Williams Lake. The selective program targeted the high grade, near surface First zone, and the results did not disappoint.Spanish Mountain says all six drill holes are indicative of additional higher grade mineralization at depths of less than 100 metre...Read More
ALBERTA - E3 Metals of Calgary continues to scale up its proprietary lithium extraction technology at the pilot plant. The results are excellent: lithium in brine was concentrated nearly 20 times to 1,498 mg/L with lithium recoveries greater than 99%.E3 Metals is close to commercializing a low cost method of recovering lithium from the petro-brine resources in Alberta. (Image: E3 Metals Corp.)Th...Read More
December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in so...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Tuesday, losing nearly 800 points for its fourth worst day ever on worries over the U.S.-China trade deal and concerns over economic growth.Dollar General Corp. (DG) fell 6.8% after the discount retailer reduced its earnings and sales outlooks for 2018.Toll Brothers Inc. (TOL) ...Read More
December 3, 2018The junior gold miners' stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies' battered stock prices aren't fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than stock prices im...Read More