Sector expert Michael Ballanger offers his take on how PDAC has affected the gold and silver markets. I was looking over the charts last night (over a fine Merlot and some fava beans), trying desperately to avoid the temptation of attending that embarrassment of capitalism called PDAC. The mining conference held annually in Toronto has transformed from an industrial showcase of new ideas and oppo...Read More
A Haywood report reviewed this company's Q4/18 financials and the outlook for 2019. In a March 6 research note, Haywood analyst Geordie Mark reported that Endeavour Mining Corp.'s (EDV:TSX; EVR:ASX) core assets led to in-line performance in Q4/18 with the adjusted financials "broadly meeting our expectations."Overall, in Q4/18, Endeavour Mining's gold production, excluding Tabakoto, was 174,000 o...Read More
After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.Newmont Mining Corp. Chief Executive Officer Gary Goldberg said he will be meeting with Barrick Gold Corp.'s Mark Bristow later Tuesday in New York to talk through their differences. However, he said in a Bloomberg TV interview that he won't be discussing Barric...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Brazil's new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.Most of the country's original population lives in the Amazon rainforest, which has an ecosystem seen by many as having worldwide ecological importance. Speaking at an event in...Read More
Etruscus Resources (CSE: ETR) and the Tahltan Central Government (TCG) signed this week a Communications Agreement regarding the Rock & Roll property, which is located in British Columbia's Golden Triangle and within Tahltan territory.The 5,309-hectare property, which has been explored since the late 1800s, is 100% owned by Etruscus. A 2018 NI 43-101 compliant inferred resource estimates the resou...Read More
Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country's No.1 gold producer said Friday a brief spill affecting the operation has already been halted.The miner says the spill happened because sections of a pipeline used to carry water to a tailings storage facility were either vanda...Read More
Weak Chinese exports numbers and U.S. jobs data weighed on stocks todayThe Dow plunged triple digits out of the gate, and remained in the red through the close. Stocks reacted to a round of dismal global economic data, including weak Chinese trade numbers and a dreary U.S. jobs report. Downgraded Exxon Mobil (XOM) was the worst blue chip today, with sinking oil prices only amplifying selling press...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More
Weak Chinese trade data and a U.S. jobs report strengthened headwinds on Wall StreetThe stock market's strong February finish was quickly put in the rearview mirror this week, as global growth concerns sent traders heading for the exits as the bull market hit a notable milestone. Fears of a slowing world economy were only exacerbated ahead of Friday's open after China unveiled dismal February expo...Read More
I know it may have come as a shock to some of you on why I raised some capital by selling a few PM stocks today. Whenever you see a false breakout of any chart pattern and the price action trades below the bottom rail of the original pattern that can setup a bearish situation. It’s like a head fake. The stock forms what looks like a great breakout and maybe even accompanied by a breakout gap...Read More
China's major mills continued to raise their daily output rates for crude steel in mid-February, while their finished steel inventories also rose.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the second 10 days of February, up 1.6% from 1.92 million tpd in early February, according to data released by the industry...Read More
Meanwhile, SEEL is one of the best stocks on the Nasdaq todayThe Dow is getting crushed today, heading toward its fifth straight loss after an ugly jobs report. Among stocks making notable moves today, AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) and chip name Marvell Technology Group Ltd. (NASDAQ:MRVL) are struggling, while biotech concern Seelos Therapeutics Inc (NASDAQ:SEEL) is higher. Here's a qu...Read More
PLEASE NOTE: THE COT REPORT SCHEDULE IS NOW UP-TO-DATE & ON ITS NORMAL SCHEDULE WITH THE RELEASE OF THIS REPORT. Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 202,628114,61059,730155,732269,729418,090444,069 Change from Prior Reporting Period -34,20713,471-5,6729,690-36,158-30,189-28,359 Traders 18568814952269168 Small Speculator...Read More
The widely-held mega-cap stocks that dominate the US markets recently finished reporting their Q4'18 financial results. Because the tenor of stock markets changed radically last quarter, this latest earnings season is more important than usual. An extreme monster bull market suddenly rolled over into a severe near-bear correction in Q4. How major corporations fared offers insights into whe...Read More
By: IRA EPSTEINEU cuts back its growth forecasts. ECB update. Gold under a down thrust from a strong US Dollar. Inflation around the world not an issue right now. Gold on pause of this bear leg... Gold close to support?Read More
As theold saying goes, politics is a show business for ugly people. Fair enough, butwhat does it have to do with gold? Let’s jump right in and find out! There Is No Trade War Economicreports are rarely fun. But when we read the latestUS trade report, we could not help but laugh. It turns out that the USgoods and services deficit was $59.8 billion in December, up $9.5 billion, oralmost 19 per...Read More
SFIX earnings releases have resulting in huge stock moves in recent quartersStitch Fix Inc (NASDAQ:SFIX) is preparing to report earnings after the close on Monday, March 11, and that's notable since the company's last three earnings releases have sparked at least a 20.9% single-day swing in the stock price. Including all five earnings releases in the company's history, SFIX has averaged an after-e...Read More