The Macro Perspective During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa. Gold, being an asset primarily denominated in USD, tends to follow short-term USD moves very well. A rising Dollar will ca...Read More
The S&P's win streak came to an end at five daysThe S&P 500, Dow, and Nasdaq all briefly flirted with positive territory today, but ultimately closed in the red. As such, the S&P ended a five-day win streak, while the Dow's own streak was snapped at three straight. On top of earnings from names like General Motors (GM) and Snap (SNAP), traders were also greeted with trade buzz early on, after Trea...Read More
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These three names are making big moves in today's tradingAmid a relatively muted session for the broader equities market, several individual stocks are making big moves, including Apple supplier Skyworks Solutions Inc (NASDAQ:SWKS), "Call of Duty" creator Activision Blizzard, Inc. (NASDAQ:ATVI), and music streaming service Spotify Technology SA (NYSE:SPOT). Here's a quick look at what's moving the...Read More
Dr. Moises Ronald V??zquez Caicedo Ayras, president of the Universidad Nacional del Centro del Peru (UNCP) and Douglas Morrison, president and CEO of the Centre for Excellence in Mining Innovation (CEMI) are taking the first steps in developing a partnership to advance mining innovation in technology and knowledge transfer, demonstration projects, as well as skills development for students, fac...Read More
Vancouver-based Genesis Metals Corp. has updated the resource estimate for its Chevrier gold project 30 km southwest of Chibougamau. Genesis is the 100% owner of the property.The estimate includes both the main and east zones, the east zone being 10 km northeast of the main zone. The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold....Read More
Vancouver-based Genesis Metals Corp. has updated the resource estimate for its Chevrier gold project 30 km southwest of Chibougamau. Genesis is the 100% owner of the property.The estimate includes both the main and east zones, the east zone being 10 km northeast of the main zone. The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold....Read More
Vancouver-based Genesis Metals Corp. has updated the resource estimate for its Chevrier gold project 30 km southwest of Chibougamau. Genesis is the 100% owner of the property.The estimate includes both the main and east zones, the east zone being 10 km northeast of the main zone. The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold....Read More
Iron ore prices reached an almost two-year high on Tuesday, following January's fatal tailings dam breach in Brazil at Vale's C??rrego do Feij??o mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since March 2017, according to S&P Global Platts.Also on Tuesday, Vale declared force majeure on some of its iron ore contracts after a court-ordered halt to a mi...Read More
The Association for Mineral Exploration's 2019 Roundup conference concluded on Thursday, January 31, wrapping up a week of exciting announcements in support of the industry from the provincial and federal governments. This included the provincial government's decision to make both the Mining Flow-Through Share tax credit and the B.C. Mining Exploration Tax Credit permanent incentives to support in...Read More
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Ontario's Government for the People is supporting economic growth, job creation and resource development in northwestern Ontario by providing certainty around the construction of a new transmission line between Thunder Bay and Wawa.Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs visited Fort William First Nation today to announce that Ontario ha...Read More
Fremont Gold (TSXV:FRE) (Read full newsRead More
"Khiron (@KhironLife) (#TSXV: $KHRN | #OTCQB: $KHRNF) Enters Into $20 Million Bought Deal Equity Financing [https://t.co/qzWGauYfb4]#investing #stocks #stockmarket #trading #investors #news #business #investments #cannabisdaily #cannabiscommunity #potstocks #cannabis #marijuana"Read full newsRead More
"1933 Industries (@1933Industries) (#CSE: $TGIF | #OTCQX: $TGIFF) Updates on #Cannabis #Cultivation Facility in Vegas [https://t.co/J2sBt4dVyt]#investing #stocks #stockmarket #trading #investors #news #business #investments #cannabisdaily #cannabiscommunity #potstocks #marijuana"Read full newsRead More
A technical signal is threatening to send CCL stock even lowerThe shares of Carnival Corp (NYSE:CCL) have rallied off their Dec. 26 two-year low of $45.64 -- up nearly 29% since this bottom -- and recently closed their Dec. 20 post-earnings bear gap. However, the stock has sounded a historically bearish signal amid its rebound -- a sign that could suggests CLL could be headed for choppy waters. T...Read More
Suncor Energy published its fourth quarter numbers that included an oilsands record - 740,800 bbl/d - thanks in part to its interests in the Fort Hills (53%) and Syncrude (100%) operations in northern Alberta.Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier. Cash flow was up - to C$3.0 billion in Q4 2018 - compare...Read More
Gold futures settle lower Wednesday for a fourth straight session, but market bulls continue to expect global growth worries to keep a floor under the yellow metal. Gold for April delivery GCJ9, -0.27% on Comex lost $4.80, or 0.4%, to settle at $1,314.40 an ounce, following modest losses in each of the past three sessions. Prices settled at their lowest in a week. March silver SIH9, -0.20% decli...Read More
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years.In dollar terms net inflows in January equaled $3.1B with the value of gold held in ETF vaults reaching just shy of $107B by the end of the month, a 6% increase.January was the fourth consecut...Read More
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years.In dollar terms net inflows in January equaled $3.1B with the value of gold held in ETF vaults reaching just shy of $107B by the end of the month, a 6% increase.January was the fourth consecut...Read More