High returns are the Holy Grail for capital gains investors and dividend portfolio owners alike. The following stocks have decent long-range predictions, and display a spread of stats that should satisfy even the most stringent of investors looking for high-performance stocks on the TSX index to buy and hold for the mid- to long-term. From capital goods to software, let's see what's in today's mys...Read More
Publisher's Note: Mr. James Dines is known as "The Original Gold Bug" and recently nailed a buy signal right near gold's lowest price last year.Today, we bring you his insight in an excerpt of The Dines Letter discussing the latest on gold.To your wealth,Nick HodgePublisher, Outsider ClubOriginal gold miners had no idea why gold had its yellow color, unusual for a metal. Albert Einstein's Specia...Read More
After a 20,000-metre drill program last year at its Phoenix project in Red Lake, Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold, while gold grades fell 2% to 6.26 grams gold per tonne from 6.37 grams gold.Inferred resources fell 28% to 540,000 oz. gold compared to the previous estimate of...Read More
First Mining Gold (TSX: FF) has updated the resource estimate at its Goldlund gold project in northwestern Ontario. The company added 248,700 oz. gold to its indicated resource but lost 628,400 oz. gold from its inferred resource.The project now contains 12.8 million indicated tonnes grading 1.96 grams gold for 809,200 oz. gold. It previously contained 9.3 million indicated tonnes at 1.87 grams go...Read More
Australian miner Galaxy Resources and the Cree Nation of Eastmain have entered into a pre-development agreement for the James Bay lithium mine, 100 km east of the community of Eastmain, Quebec.The PDA commits the company to notify the Cree of employment and training opportunities. It also specifies that the company practice preferential hiring of qualified Cree individuals and seek business propos...Read More
Vancouver-based Golden Predator has agreed to purchase 100% of the Reef gold property from Precipitate Gold. The Reef property is 200 km north of Watson Lake, adjacent to Golden Predator's 3 Aces gold project. The purchase of the Reef property consolidates Golden Predator's holdings in the district.The original option agreement signed in February 2017 has been amended, saving Golden Predator $450,...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Toronto-based Iamgold Corp. (70% owner) and Sumitomo Metal Mining Co. (30% owner) of Japan have announced the discovery of a new gold zone at their C??t?(C) project 125 km southwest of Timmins, Ontario. The new zone of intrusive-hosted mineralization has been named the Gosselin zone.Drill cores from the new zone yielded the following assays:Hole CL15-39EXT: 0.81 g/t gold over 350.0 metres, includi...Read More
Thor Mining PLC (LON:THR) has acquired two gold and uranium focused companies in Australia in a move to expand its operations portfolio in the country.The exploration firm, which already has a portfolio of assets in tungsten, molybdenum, copper, and other metals, said it had acquired Pilbara Goldfields Pty Limited (PGL) and Hamersley Metals Pty Limited (HML), which together hold interests in two g...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined after the U.S. trade deficit fell more than expected but Wall Street's worries about a U.S. recession remained. Lennar Corp. (LEN) climbed 3.9% even after the homebuilder reported weaker-than-expected first-quarter earnings. Centene (CNC) fell 5% after it said it would acquire smalle...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 27. Please click...Read More
Aluminium's three-month price on the London Metal Exchange was up by 1.3% at the close of trading on Wednesday March 27, closing once again at more than $1,900 per tonne although the volumes traded remained moderate, topping the complex at just over 12,000 lots changing hands.The light metal's three-month price fell to less than $1,900 per tonne at Tuesday's close, after trading above that mark si...Read More
Improving end-user demand boosted the US premium for 4x4 nickel cut cathode in the week ended Tuesday March 26, but European market participants were bearish leading to a flat market, and China was quiet due to a closed import window. US cut cathode premium moves up again European traders deterred by LME nickel contango China's trade mostly domestic, partly to avail of recent tax cuts U...Read More
There was a point in the early 1990s when lunchtime London wine tipplers above a certain pay-grade would boast of being in the ABC club: "anything but Chardonnay." Now it seems central bank reserve managers have founded a rather less bibulous fraternity of their own, the ABD club: "anything but (U.S.) dollars." A snobbish revulsion to a grape that produces the finest white burgundies was larg...Read More
* GRAPHIC-2019 asset returns:* Prices supported by market caution on Alunorte * Alumina market tight while aluminium market well supplied (Adds official prices, fresh quote, bullets, nickel)By Zandi ShabalalaLONDON, March 27 (Reuters) - Aluminium touched a one-weekhigh on Wednesday as inventories fell and prices shrugged offanother step towards a full restart of Norsk Hydro's Brazil alumina operat...Read More
Avocet has sold the Inata gold mine in Burkina Faso, but still owns part of the Tri-K gold project in Guinea, in which Managem has a 70% stake. The company owes Elliott US$29.9 million, through a loan due since 2013. The mercurial US fund led by Paul Singer is also the company's largest shareholder. Avocet's shares were suspended for two months last year when it missed the deadline...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday March 27 that are worth another look.The new London Metal Exchange cash-settled alumina contract will help the exchange to retain its top spot as the global reference for the aluminium industry, according to LME business development analyst Antonio Masiero. While the market moves away from pricing alumina as a percentage of th...Read More
The alumina market could move into a surplus once Norsk Hydro's Alunorte refinery in Brazil increases its capacity and market tightness is alleviated, according to research by Fastmarkets analysts.The refinery, in Brazil's northern state of Par??, has been operating at 50% of its annual capacity since March 2018 due to environmental issues, but could reach 75-80% of capacity within two months of r...Read More
I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, that we can see on gold's latest 8-month chart below, were allayed by its managing to stabilize above its parabolic uptrend line and then rise off it. However, the rally...Read More
April Gold's tortuous slog toward an 'easy' rally target at 1332.00 warrants a closer look at the bearish case. For if the futures were to fall just $9 to the green line shown in the chart (click on inset), that would trip a theoretical sell signal to as low as 1255.90 a 4.5% plunge from current levels. Although the bull trend begun last August from 1182 still dominates the daily chart, the...Read More