Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
The ratio has been around for thousands of years.The argument for watching the ratio.The argument against watching the price relationship between gold and silver.Extensions in markets can lead to volatility.Leveraged ETN products in silver turbocharge results but do not sit on them for too long.Gold and silver prices had a rough summer season. After trading to a high of $1365.40 on the continuous...Read More
World's No.1 diamond producer by output Alrosa (MCX:ALRS) has joined rival De Beers' end-to-end diamond blockchain program, aimed at clearing the supply chain of imposters and conflict precious rocks.Anglo American's De Beers, the largest diamond miner by value, began developing its "Tracr" tracking platform last year, but officially launched a pilot program to test the technology in January.With...Read More
World's No.1 diamond producer by output Alrosa (MCX:ALRS) has joined rival De Beers' end-to-end diamond blockchain program, aimed at clearing the supply chain of imposters and conflict precious rocks.Anglo American's De Beers, the largest diamond miner by value, began developing its "Tracr" tracking platform last year, but officially launched a pilot program to test the technology in January.With...Read More
World's No.1 diamond producer by output Alrosa (MCX:ALRS) has joined rival De Beers' end-to-end diamond blockchain program, aimed at clearing the supply chain of imposters and conflict precious rocks.Anglo American's De Beers, the largest diamond miner by value, began developing its "Tracr" tracking platform last year, but officially launched a pilot program to test the technology in January.With...Read More
(Repeats to additional subscribers)LONDON, Oct 29 (Reuters) - The euro fell briefly and Germangovernment bond yields rose on Monday, after a report thatGerman Chancellor Angela Merkel has told leaders of herChristian Democrats (CDU) that she will not seek re-election asparty chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up therole would start a race within the party...Read More
* STOXX50E up 0.7 pct as Italy relief boosts European shares * Italian bank stocks rise after S&P keeps rating unchanged * China data shows slowing industrial profits growth * EM stocks rise after Bolsonaro wins Brazil election * Crude prices tumble as investors price in easing growthBy Helen ReidLONDON, Oct 29 (Reuters) - Concern over China's slowingeconomy dented U.S. stock futures and kept...Read More
LONDON, Oct 29 (Reuters) - The euro fell briefly and Germangovernment bond yields rose on Monday, after a report thatGerman Chancellor Angela Merkel has told leaders of herChristian Democrats (CDU) that she will not seek re-election asparty chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up therole would start a race within the party to succeed her aschancellor.The eur...Read More
The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...Read More
The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...Read More
The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...Read More
Shares in Africa-focused Firestone Diamonds (LON:FDI) climbed Monday after the company said that its 75%-owned Liqhobong diamond mine in Lesotho had a strong start to the second quarter after selling its third most valuable stone to date.The 68-carats white diamond fetched just under $1 million, it said, adding it also sold and a 20-carats fancy yellow diamond at an undisclosed price. Firestone...Read More
Shares in Africa-focused Firestone Diamonds (LON:FDI) climbed Monday after the company said that its 75%-owned Liqhobong diamond mine in Lesotho had a strong start to the second quarter after selling its third most valuable stone to date.The 68-carats white diamond fetched just under $1 million, it said, adding it also sold and a 20-carats fancy yellow diamond at an undisclosed price. Firestone...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) jumped more than eight percent Monday, after being allowed to continue storing waste materials at its plant in Malaysia for now.The Australian miner, one of the world's main suppliers of rare earths outside China, has been under scrutiny by the country's new government over fears that its processing plant in Kuantan is harmful to locals a...Read More
* Gold seen averaging $1,273/oz this year, $1,300/oz in 2019 * Silver seen at $15.80/oz this year, $16.40/oz next year * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Banks and brokerages have cuttheir average gold price forecasts for this year and 2019 afterthe metal slumped to 19-month lows in August, but they stillexpect prices to stage a modest recovery, a Reut...Read More
* Palladium seen at $993/oz this year, $1,025/oz next year * Platinum seen averaging $882/oz in 2018, $875/oz in 2019 * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Palladium's price premium overplatinum will widen next year, with palladium set for its bestyear on record while platinum slumps to its worst performancesince 2004, a Reuters poll showed on Monday.Shor...Read More
Published 22 Hours AgoUpdated7 Hours AgoReuters Gold eased on Monday, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.Spot gold was down 0.54 percent at $1,226.62 per ounce. U.S. gold futures settled down $8.20, or 0.7 percent, at $1,227.60. "With the dollar stren...Read More
JOHANNESBURG, Oct 29 (Reuters) - South Africa's randweakened against the dollar in early trade on Monday as thegreenback edged higher after data showed U.S. economic growthslowed less than expected and as global risk sentiment remainedfragile. * At 0630 GMT, the rand traded at 14.6025 perdollar,0.14 percent weaker than its close on Friday. * "Emerging market currencies are likely to trade wea...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN Index tumbled yet again last week, shedding 32.65 points or 2.8%. The Index has now endured a nearly vertical correction of over 9% these past four weeks.Interestingly, our long-term momentum indicator MACD rose for the second time in two weeks, climbing from -4.2 to -3.76. Ou...Read More