Market strategist Nick Santiago from InTheMoneyStocks.com expects gold to break out in the next two or three years and to rise to $5000 - $7000 by 2027.Physical precious metals is the currency of choice, says Santiago. He says gold and silver mining equities are good for speculation.Santiago is bullish on the stock market, with the caveat that investors should think of it as a speculation opportun...Read More
A drill program last year to validate historic resources at Reunion Gold 's Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 ounces of gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 ounces of gold.The Dor...Read More
Andy Schectman head of respected bullion dealer Miles Franklin joined us. Business is good. Perhaps more people are looking for the ultimate safe haven that precious metals afford. We examined several precious metals market anomalies and there are lot more. The gold silver ratio at around 84-1 is completely out of whack. The premium on junk silver is running less than one percent. Platinum prices...Read More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.The report, by the Mining Association of Canada, comes as debate about the hollowing out of the country's mining sector grows. Mega-mergers by Canada's two largest gold companies, Barrick Gold Corp. and Goldcorp Inc., sta...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company's biggest in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface sto...Read More
South African state power utility Eskom has implemented load shedding for the first time this month amid lingering power constraints, sparking predictions of ferro-chrome price spikes if the situation deteriorates. Load shedding - controlled power outages - were last implemented in mid-February and were reported to have affected large industrial power users, including ferro-chrome smelters. After...Read More
Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold.In a press release, the Vancouver-based miner said that a 40-ounce dor?(C) bar was poured on March 11, 2019, from the initial carbon strips after the entire plant was balanced.Para also reported that the full circuit of mining, crus...Read More
A CIBC report itemized the revisions and noted their cumulative impact. In a March 11 research note, analyst Anita Soni reported that CIBC lowered its price target on Goldcorp Inc. (G:TSX; GG:NYSE) to US$12 per share from US$12.50 (current share price is about US$10.93) after adjusting its model on the major "to reflect 2019 guidance, year-end results and technical reports." Soni noted CIBC made...Read More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Trade headlines and dismal data weighed on investor sentimentIt was a choppy day of trading on Wall Street, as traders digested dismal Chinese data and reports U.S. President Donald Trump and Chinese President Xi Jinping postponed a trade meeting that was expected later this month. Lackluster U.S. housing data sent stocks to their intraday lows, though the major market indexes had nearly erased th...Read More
The percentage of young Americans experiencing certain types of mental health disorders has risen significantly over the past decadeContinue...Read More
Even as global growth fears stir, Goldman Sachs expects solar to be strong in several international marketsFirst Solar, Inc. (NASDAQ:FSLR) continues to move higher in 2019, now up almost 29% to test the $55 mark, equivalent to a 33% decline from its 52-week high of $81.72 from April. FSLR shares earlier topped out at a roughly eight-month high of $55.62, extending a run above their 200-day moving...Read More
LONDON, 14 March 2019 - Comment from BullionVault today leads the latest gold-market report from US investing news-site MarketWatch."Underlying physical demand is recovering as prices hold below February's multi-month highs," MarketWatch quotes Adrian Ash, director of research.But for now, the latest moves in the UK Parliament to delay or even suspend Brexit beyond 29 March is "boosting risk-on se...Read More
Options volume has ramped up on PLUG and SMSI The Dow has explored both sides of breakeven today, as investors digest the latest housing data. But three penny stocks making sizable moves today are healthcare firm Atossa Genetics Inc (NASDAQ:ATOS), alternative energy name Plug Power Inc (NASDAQ:PLUG), and software concern Smith Micro Software Inc (NASDAQ:SMSI). Here's a quick look at what's got th...Read More
Haveyou heard of Alexandria Ocasio-Cortez?At29 years old, she’s the youngest Congressperson in history.Alsoknown as “AOC,” Cortez is quite a sensation among young left-leaning folks. Nosurprise, she’s often referred to as the Democratic version of Trump. 2.4million fans follow her on Twitter.Likeany socialist, AOC is full of “ideas.” Most of them involve taking...Read More
The activity may not be bearish, thoughWageWorks Inc (NYSE:WAGE) stock is trading at the top of the New York Stock Exchange (NYSE) today, up 29.5% at $38.69, on news the flexible benefits provider will file the bulk of its delayed financial reports with the Securities and Exchange Commission (SEC) by the evening of Tuesday, March 19. The company's fiscal 2018 report will still be delayed.WAGE stoc...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
JFE Meranti is a newcomer to the coated steel coil sector, and it expects its first years to be challenging while it works to achieve the lion's share of Myanmar's up-and-coming market for coated steel products, chief executive and managing director Sebastian Langendorf has told Fastmarkets.Langendorf was speaking in an exclusive interview at JFE Meranti's Singapore headquarters in the Marina Bay...Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More