Gold remains firm, trading at over US$1,300 per ounce as fears of a looming U.S recession permeate financial markets. The inversion of the yield curve last week, where short-term treasury yields exceed long-term yields, indicated to many pundits that an economic downturn is on its way. This has sparked considerable interest in gold miners with gold long-viewed as the ultimate safe haven asset.One...Read More
With news of a yield curve inversion stoking fears of a recession south of the border, and discontent with Brexit machinations rattling an already uncertain Eurozone, it seems that fear in the markets is set to be a permanent feature of 2019's investment landscape. Indeed, with some analysts even suggesting a full-on bear market may be around the corner, it could be time to look at some big-name d...Read More
There has been a flurry of activity in the gold patch this winter. It all started with January’s announcement that Newmont Mining (NYSE:NEM) would acquire Goldcorp (TSX:G)(NYSE:GG) in a friendly takeover worth $10 billion.The combined company would be the largest gold company in the world, surpassing current title holder Barrick Gold. Not to be outdone, Barrick upped the stakes, making an $1...Read More
RNC Minerals (TSX: RNX) has entered an A$50 million purchase option agreement with Westgold Resources (ASX: WGX) to buy Westgold's Higginsville Gold Operation in Western Australia's Kalgoorlie region.RNC will pay A$4 million in shares for an exclusive 40-day due diligence period. If it exercises its option, the deal would close 30 days later and RNC would pay Westgold a further A$21 million in sha...Read More
Vancouver-based Skeena Resources continues to examine the past producing Eskay Creek gold mine in the Golden Triangle. The next steps are a phase one metallurgical optimization and completing a preliminary economic assessment.Despite having a gravity plant that recovered between 10% and 30% of the precious metals, a 350-t/d flotation plant, and average gold and silver recoveries of 80% and 92%, re...Read More
On February 11, the U.S. Army put out a call for help with its ATLAS program.ATLAS is an acronym for Advanced Targeting and Lethality Automated System. It's a killing machine, an automated tank capable of identifying and destroying targets without human assistance.This is the future of warfare. The Army says AI weapons can "acquire, identify, and engage targets at least 3X faster than the curren...Read More
Barkerville Gold Mines has received bonanza grades from recent drilling at its flagship Cariboo gold project in central Ontario, Canada. The results have also expanded mineralization by 175 metres at Island Mountain.The company has had five drills working at the Island Mountain Shaft zone and Mosquito Creek deposit to test down dip extensions.New results include 19.34 g/t gold over 17.9 meters in...Read More
Reverse circulation drilling to the north of the Dark Star deposit at Gold Standard Ventures' (TSX: GSV) Railroad Pinion project in Nevada's Carlin Trend has intersected thick zones of oxide gold.Drill hole DR19-15 returned 22.9 metres of 1.92 grams gold, including 13.7 metres of 3.04 grams gold, and drill hole DR19-26 intersected 16.8 metres of 2.58 grams gold. The two step-out holes were drilled...Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisMarch 26, 2019Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I'll send you my free "...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Tuesday after investors moved beyond recession fears sparked by the inverted bond curve. Bed Bath and Beyond (BBBY) surged 22% following a report that said a group of activist funds were looking to replace the retailer's board. Shares of Apple (AAPL) were down slightly after the...Read More
* Measure of implied volatility at highest since lastSeptember * Central bank tweaks help reverse last week's steep losses * Expected rate cut might be delayed - traders (Updates prices)By Nevzat Devranoglu and Orhan CoskunANKARA, March 26 (Reuters) - The Turkish lira firmed againon Tuesday in volatile trade, as a series of "back door" actionsby the central bank succeeded in erasing most...Read More
Weekly Reports |Mar 26 2019The spot uranium price continues to slide as sellers are met with stalled demand.-U3O8 spot price continues to fall-Honeymoon may not be over-Upheaval in KazakhstanBy Greg PeelThe US Department of Commerce is due to submit its section 232 recommendations to the president on April 14. The president then has months to consider a response. All things being equal, it appear...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, March 26 (Reuters) - Copper prices held steady onTuesday as a murky global economic growth outlook sapped demandahead of a new round of trade talks between the United Statesand China this week.Benchmark copper ended 0.2 percent lower at $6,330 atonne, having touched its lowest in a month in the previoussession before clos...Read More
Looking to develop world-class uranium project in SpainSalamanca Project has near surface, high-grade depositsStrong financial position with A$100mln in cash on balance sheet at end-December What Berkeley Energia does:Berkeley Energia Limited (LON:BKY) (ASX:BKY) is developing a world-class uranium project in a historic mining area in western Spain, about three hours west of Madrid.F...Read More
Norsk Hydro's Alunorte alumina refinery, located in Brazil's northern state of Par??, is expected to operate at 75-80% of its capacity two months after the receipt of approval from the Brazilian federal court in Bel?(C)m, Norsk Hydro Brazil's executive vice president of bauxite and alumina said.According to John Thuestad, this approval, which will be debated at an April 4 meeting between Hydro and...Read More
One of two key regulatory approvals for low-pH uranium extraction has been receivedA pilot phase is in progress and is expected to continue in the June quarterCommercial-scale low-pH uranium extraction will reduce Peninsula's per-pound costs, pushing the uranium group down the cost curveWhat does Peninsula Energy do?Peninsula Energy Ltd (ASX:PEN) specialises in uranium production in the US state o...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 26.Please click...Read More
* World FX rates in 2019* Trade-weighted sterling since Brexit vote (Adds quotes, details)By Sujata RaoLONDON, March 26 (Reuters) - Sterling bounced against theeuro on Tuesday after two eurosceptic lawmakers indicated theymight agree to support British Prime Minister Theresa May's EUwithdrawal deal rather than risk the UK parliament cancellingBrexit.The comments follow parliament's move to take co...Read More
Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday March 26, at $13,105 per tonne, with dip-buying emerging despite continued strength in the US dollar index. The US dollar index was just under the psychological level of 97. Total LME nickel stocks remain at their lowest level in seven years at 183,582 tonnes, with just 116,292 tonnes on-warr...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 26, 2019 Please click here now.Double-click to enlarge this long-term gold chart.Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this i...Read More