New assays from four holes Anaconda Mining (TSX: ANX) drilled as part of its metallurgical drill program at its Goldboro gold project in Nova Scotia confirm the continuity of several high grade zones over as much as 40 metres.The drilling focused on the project's EG gold system. Highlights from the program include 42.85 grams gold over 3.8 metres from 66 metres downhole including 316.76 grams gold...Read More

The resource covers a small portion of the deposit and remains open, and the grades exceeded company expectations. DNI Metals Inc. (DNI:CSE; DMNKF:OTC) announced in a news release the results of the initial NI 43-101 mineral resource estimate for its Vohitsara graphite deposit in Madagascar, highlighting the grade exceeded its expectation.The report, prepared by Micon International Ltd., is based...Read More

Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer.While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data.T...Read More

The decision to continue exploration is based on the robust set of drill results obtained thus far. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it doubled its current drill program to 60,000 meters (60,000m) from 30,000m and has the $5.6 million in funds needed to carry the program out in its entirety. "Great Bear is in a very strong position, with funding in han...Read More

An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More

Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More

Premier Gold Mines (TSX:PG) announced this week that it entered into an agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe property in Mexico.To move forward with the deal, Premier has to pay $7 million on closing and make additional payments of $1.9 million upon the making of a positive construction decision and then upon achieving commer...Read More

ISTANBUL, April 4 (Reuters) - Foreign investors sold $601.5million worth of Turkish stocks and $735.8 million of governmentbonds in the week to March 29, when a lira liquidity squeeze inLondon swap markets forced them to quit Turkish assets, centralbank data showed on Thursday.Last week, the Turkish lira overnight swap rate rocketed to as much as 1,200 percent as thecurrency came under pressure in...Read More

A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More

Brazilian automakers produced 695,730 light vehicles, trucks and buses during the first quarter of 2019, down by 0.6% compared with 699,754 units in the same period of 2018, national car manufacturers association Anfavea said on Thursday April 4.March had a weaker performance on an annual basis because of late Carnival festivities in 2019, but the data also showed a year-on-year output decrease in...Read More

In March, the World Gold Council released the newest edition of its Investment Update. What can we learn from the publication? Let’s examine the most recent history of Fed tightening and loosening with respect to its effect on gold prices.Is Fed’s Dovish Turn Positive for Gold?The WGC has recently published the new Investment Update about the effects of monetary policy on gold. The mai...Read More

While so many were getting so bullish of the metals market over the last few months, my work was telling me that we were not likely going to be seeing a major break out just yet. So, I have been waiting patiently for a good set up for another long trade.But, during my wait, I have seen extremes in sentiment again. At the highs, the extremes were quite bullish. And, now, the fear is starting to cre...Read More

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A strong session from Boeing helped lift the DowThe Dowrose convincingly today on hopes for a U.S.-China trade deal. The S&P 500 also managed to settle in positive territory -- bringing its daily win streak to six, the longest since February 2018 -- though the Nasdaq failed to mimic that strength, ending in the red as tech and Tesla shares weighed. While trade talks will likely continue to grab Wa...Read More

How subscribers turned CREE's 8% week-to-date rally into money-doubling option profitsSubscribers to Schaeffer's Weekly Options Countdown options recommendation service just doubled their money in only a few trading days with the Cree Inc (NASDAQ:CREE) weekly 4/5 55.50-strike call. Here's a quick look at why we expected a big upside move from the semiconductor concern this week, and how the prof...Read More

Participants in the long steel market in the European Union were hoping for price stability through April after recent sluggish demand and cautious buying activity, sources within the sector told Fastmarkets this week."The Spanish market is weak in price terms but consumption is improving," one trader said. "European mills have been more aggressive [in terms of price] so there has not been much im...Read More

BAML upgraded Nio stock today, too Nio Inc (NYSE:NIO) stock bottomed at a record low of $4.90 in late March, but has since come off this level. Citigroup thinks the worst is over for the electric auto stock, with analyst Jeff Chung upgrading the shares to "buy" from "hold." And while he cut his NIO price target to $6.80 from $7.20, this still is a 28% premium to last night's close.BofA-Merrill Lyn...Read More

Sector expert Michael Ballanger discusses the pitfalls of market reversals and forecasting. As I reach end-of-week, end-of-month book-squaring, where all of my urgent e-mails and all of my myopic missives and all of my topical tweets are summarized in once terse and quite concise "Monthly P&L," I am astounded at the most recent example of how masterfully the Gold Cartel works in suckering inve...Read More

The shares found a foothold at their 40-day moving averageThe U.S. stock market is mostly higher today on optimism surrounding U.S.-China trade talks. Among individual stocks making notable moves are streaming specialist Roku Inc (NASDAQ:ROKU), U.K.-based software firm Micro Focus International PLC (NYSE:MFGP), and home furnishings retailer At Home Group Inc (NYSE:HOME). Here's a quick roundup of...Read More