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
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. Mr. Dines is "The Original Pot Bug." His early stance against use but in favor of investments led to massive gains for the readers of The Dines Letter.This excerpt from his newsletter is practically required reading for investors who have been on the fence regarding pot stocks....Read More
PERU - SENACE, the Peruvian National Environmental Certification Service, has rejected Toronto-based Sierra Metals' environmental impact assessment for the expansion of the tailings management facility at the Yauricocha polymetallic mine in the Yauyos province.Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process. This process will delay the...Read More
Dec 06, 2018 Guest(s): Edward Egilinsky Managing Director, Head of Alternative Investments, Direxion Copper has the best potential of all the metals to outperform in 2019 based on fundamentals, said Edward Egilinsky, managing director of Alternative Investments at Direxion. "I think it would be copper on the standpoint of a deal with China, and also Chinese stimulus within their economy to boost...Read More
ONTARIO - Toronto-based McEwen Mining has announced plans to spend $20 million for exploration on its properties near Timmins. The company will offer approximately 6.0 million flow-through shares priced at $3.02 each.McEwen says the offer price represents a premium of 25% over the closing price of its common shares on the TSX as of Dec. 5, 2018.The most promising exploration program in 2018 was...Read More
As a part of the Fed's emerging "data dependent" plan, it could chose to pause bumps to the federal funds rates, the Wall Street Journal reported Thursday.Fed Chair Jerome Powell last week said that rates were "just below" the level that would be neutral for the economy, a statement investors took as more dovish. Thomas Franck| @tomwfranckPublished 4 Hours AgoUpdated4 Hours AgoCNBC.com Alex Won...Read More
NORTHWEST TERRITORIES - Osisko Metals, headquartered in Montreal, has updated the inferred pit resource for the Pine Point zinc-lead deposit near Hay River. The estimate was prepared by BBA Inc.The Pine Point pit constrained, inferred resource is 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.58% zinc equivalent). Contained metals total 3.9 billion lb. of zinc and 1.6 billion lb. of le...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped sharply Thursday after the arrest of a high-level Chinese business executive threatened to unravel the U.S. and China trade truce.Chipmakers with exposure to markets in China, such as Advanced Micro Devices Inc. (AMD) and Micron Technology Inc. (MU) , traded mixed Thursday.&nbs...Read More
The stock market is expected to accelerate the short-term downtrend today following Wednesday's one-day pause as investors' sentiment worsened once again. Will the S&P 500 index get back to its late October low?The U.S. stock market indexes lost 3.1-3.8% on Tuesday, retracing some of their recent advance, as investors' sentiment quickly worsened following the renewed trade war fears. The S&...Read More
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Thursday December 6, with downward pressure emerging across global equity indices in addition to a sharp downturn in oil futures, which tricked through to metals prices. Prompting the sell-off, escalating concerns over trade tensions between the United States and China continued to deter investors, a...Read More
Comex copper prices sank to a multi-week low in the US morning on Thursday December 6 with the recent equity market downturn suppressing the entire base metals group. The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled 4.30 cents to $2.7310 per lb. Earlier, the contract touched an intraday low of $2.7130, the weakest point since November 14. US e...Read More
If the "risk on/risk off" stock market meme was absurd, its derivative - the "trade war on/trade war off" meme - is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.Please do not make the mis...Read More
Base metals prices on the London Metal Exchange were lower across the board during morning trading on Thursday December 6, with downward pressure across the complex stimulated by broad strength in the dollar index, which continues to trade in positive territory after last week's G20 summit. The three-month nickel price has fallen 1.6% and is now back below $11,000 per tonne after trading above the...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne. Fastmar...Read More
Wall Street futures are pointing to a lower start today but precious metals are on the rise.Gold was around US$1,240 an ounce on the spot market earlier, about $5/oz higher than this time yesterday, but overtaken by palladium which was close to $1,245/oz.Base metal futures were lower in Asian trade this afternoon except lead, which was unchanged at the time of writing.Metals and mining stocks were...Read More
It was worth over US$1,246 an ounce on the spot market at the time of writing, while gold was around $1,240/oz.Palladium had briefly touched a fresh high of $1,261.72/oz yesterday."People are grasping for whatever ounces of material they can get," BMO Capital Markets head of base and precious metals Tai Wong told Bloomberg yesterday."It's very expensive to borrow, and that is perhaps the biggest f...Read More
The European ferro-molybdenum market has climbed almost 2.5% in trading by the midweek pricing session on Wednesday December 5, tracking a previous increase in the oxide market, with alloy prices now back to a level last seen on September 14. The ferro-molybdenum, basis 65%, in-warehouse Rotterdam price has risen to $29.50-29.70 per kg, from $28.80-29 per kg on November 30. Around 65 tonnes o...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") has entered into an agreement with Cormark Securities Inc., as lead underwriter on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 6,818,000 flow-through shares of the company at a price of 44 cents per flow-through...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0...Read More