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
Dec 05, 2018 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming 2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. "To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one," Tuc...Read More
Troilus Gold Corp. (TSX: TLG; US-OTC: CHXMF) has tripled its land position with the acquisition of 11,300 hectares to the northeast of its Troilus mine project in Quebec.Troilus is advancing its Troilus gold project immediately to the south, and has drilled more than 36,000 metres at the project this year.Last month the company updated the resource to 121.7 million measured and indicated tonnes gr...Read More
SUDBURY, Ont. - Yesterday Vale and Glencore announced that they are planning to create a joint feasibility study to explore and develop mineralization accessible from Glencore's Nickel Rim South mine.The study will include both economic and technical feasibility for using the infrastructure - shaft, underground development, surface facilities - of the Nickel Rim mine that is expected to exhaust it...Read More
QUEBEC - Mason Graphite of Montreal has updated the feasibility study for the Lac Gueret project by adding detailed economic information. Detailed engineering for the project near Baie Comeau is almost complete. Equipment has begun arriving at the site, and pre-construction work is underway.The company made no changes to the reserves, resources or project scope. Mason now puts the direct capex a...Read More
Happy hump day. The markets were closed today for a national day of mourning after former President George H.W. Bush passed away last Friday. However, that doesn't mean that Wall Street took a break. Here are some of the top stories from Wednesday, Dec. 5. No Longer the Apple of My Eye TheStreet's Annie Gaus breaks down Apple's recent (AAPL) volatility. Gaus re...Read More
After three unsuccessful attempts to go lower currency bears finally gathered enough strength to launch the attack earlier today. Thanks to their action, USD/JPY declined sharply, erasing many days of increases generated by the bulls. How low can the currency pair fall in the coming days?EUR/USD - Trading in the Triangle Earlier today, EUR/USD increased above the upper border of the blue consolida...Read More
Nickel premiums in Europe and Asia have fallen over the week ending Wednesday December 5, with the start of the seasonal end-of-year slowdowns, while the US market remained quiet. Nickel briquette premiums fell, with market participants liquidating stock before the end of the calendar year. Seasonal year-end pressure pushed nickel premiums lower in China. Premiums in the United States were unchang...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday December 5, with most of the three-month prices trading in narrow ranges while impervious to broad strength in the US dollar.Zinc's three-month price was the best performer over the afternoon, reaching an intraday high of $2,617.50 per tonne and closing at its highest price since November 16. Promp...Read More
Sumitomo Metal Mining Co and Sumitomo Corp have agreed to buy a 30% indirect stake in the company that owns the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile, according to its majority owner Teck Resources Ltd. The Teck board has also approved the QB2 project for full construction, with first production targeted for the second half of 2021. Teck will receive $1.2 billion for the s...Read More
Lithium-focused Wealth Minerals has signed letters of intent to acquire stakes in two Chilean copper projects, which will be held by newly formed subsidiary Wealth Copper.Canada-registered Wealth intends to spin-out Wealth Copper to shareholders of Wealth, with the intention of listing the new unit on the TSX Venture Exchange in Toronto. Wealth itself will continue to focus on its Chilean lithium...Read More
Larry LaBordePosted Dec 5, 2018To every thing there is a season, and a time to every purpose under the heaven. Ecclesiastes 3:1Last month Bill Bonner wrote an interesting article about trading the Dow/gold ratio.He recommended selling the Dow and buying gold when the ratio was above 15 (the Dow is too high compared to gold) and selling gold and buying the Dow when the ration was below 5 (the Dow i...Read More
WE SUGGEST THAT YOU READ THIS ARTICLE THOROUGHLY AS WE WILL SOON COMMENCE A STRONG BULL MARKET IN MANY GOLD STOCKS AND EXPLORATION STOCKS...... Profits are vital to any business. With that in mind, we want to point out that there has been a dramatic change in the profitability of the brokerage industry.True "market makers" (or specialists) are a thing of the past and this has a tremendous impact...Read More
Indian ferro-chrome producers will continue to target the European market in 2019 and beyond despite a recent softening in prices, according to an Indian exporter who is establishing trading connections to European destinations. "We are looking into setting up [delivered duty-paid ferro-chrome] delivery into Europe and how to make that profitable," said the source, who anticipated starting exports...Read More
China's commerce ministry said trade negotiations with the US would proceed, Bloomberg reported, and US president Donald Trump earlier tweeted he believed the two countries would make a deal.Meanwhile palladium hit a fresh all-time high of US$1,239.50 an ounce overnight, placing it around the same price as gold.Two of three miners on the S&P500 had shared in the index's slump yesterday but gol...Read More
In its 2019 forecast, the Australian bank put the average price for the upcoming March quarter at below US$1,200 per ounce.This forecast means a drop from the current price of $1,231/oz can't be far off."[The] US-China trade war is a source of market anxiety and, therefore, potential support for gold and silver prices. But for now, buoyant US economic activity and the US Fed's ongoing rate-hike cy...Read More
Brazilian miner Vale will invest an additional $500 million in its Vale New Caledonia (VNC) nickel operations in the South Pacific due to expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4."We will need all of the capacity of VNC to meet this demand," Schvartsman said.In two years, nickel output from VNC w...Read More
Rio Tinto has reached another milestone in the development of its Amrun project in Queensland, Australia, shipping its first bauxite cargo six weeks ahead of schedule, the company announced on Monday December 3.Rio Tinto estimated the shipment of over 80,000 tonnes of bauxite will arrive at the company's Yarwun alumina refinery in Gladstone next week.The US$1.9 billion-invested Amrun project was p...Read More
China Molybdenum Co will take direct control of metals trader IXM in a $495-million buyout of a fund it set up to originally purchase the firm from Louis Dreyfus, according to a notice issued on the Hong Kong Stock Exchange on Tuesday December 4.The deal exceeds the $466 million paid by the China Molybdenum-backed NCCL Natural Resources Investment Fund in May after initial agreements were signed l...Read More
The company first reported the blockade on June 28, saying sporadic demonstrations and road blockades had primarily targeted the mining sector since the change in government in May.By early August, Lydian said it had sacked 100 employees or 30% of its workforce and "idled" 1,000 construction contractors as local blockades continued.The company last week said it had secured short-term access to its...Read More
- Gold's "setup" is "similar to natural gas before its big rally"- Gold is gaining favour over stocks, bitcoin and cryptos- Metals may be primary beneficiaries of imminent greenback peak- Silver "appears ready for a potential longer-term recovery"- GoldCore editors note: Natural gas is 56% higher year to dateby Bloomberg Intelligence (appeared first on the Bloomberg Terminal)Metals should be pr...Read More