Importance of the gold to silver ratio.How the gold to silver ratio influences the prices of precious metals.2019 is a key year to observe the gold to silver ratio.Gold and silver have both been strong recently - can the gold to silver ratio break lower? For the week ended Friday, January 4, gold finished higher by $4 or 0.3% to close at $1,285 as of the final trade on the New York COMEX futures e...Read More
Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More
Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More
Norwegian aluminium-maker Norsk Hydro aims to resume full production at its Alunorte alumina plant in Brazil within weeks or months, although the process still remains uncertain, Chief Executive Svein Richard Brandtzaeg told Reuters.The plant, which processes the raw material used for aluminium production, is operating at half capacity after early last year admitting it had made unlicensed emissio...Read More
J.P. Morgan still likes Amazon stock in 2019J.P. Morgan Securities this morning came out with a note reaffirming Amazon.com, Inc. (NASDAQ:AMZN) as one of its favorite stocks out of the internet sector. The brokerage firm highlighted the company's diversified revenue stream and its fast-growing digital advertising business that should eventually make it the third largest digital ad platform in the...Read More
Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.On Tuesday, Tanzania named its third mining minister since Magufuli was elected in 2015. The mining sector contributes around 4.8 percent of GDP, the government said last year, but the value of many mining projects in Tanzania ha...Read More
However, the company did announce a quarterly revenue and earnings beatThe shares of Constellation Brands Inc (NYSE:STZ) are down 10.5% to trade at $154.20 this morning -- and touched a new annual low of $152.56 out of the gate -- after the company cut its full-year profit outlook. The Corona parent cited its investment in marijuana name Canopy Growth (CGC), as well as declining wine and spirits...Read More
Both EXPE and BKNG have been in a steady downtrend the last six monthsAnalysts weighed in on travel stocks this morning, and the results weren't pretty. Morgan Stanley downgraded both Expedia Group Inc (NASDAQ:EXPE) and Booking Holdings Inc (NASDAQ:BKNG) to "equal weight" from "overweight," while reducing their respective price targets to $125 and $2,050. Jefferies, meanwhile, trimmed its price ta...Read More
The brokerage firm cited an attractive risk/reward profile for MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are trading up 6.4% at $35.89, after an upgrade to "outperform" from "market perform" at Bernstein. The brokerage firm said the memory chip stock's recent sell-off has created an attractive risk/reward backdrop, and cited expectations for an earlier-than-expected recovery in DRAM pric...Read More
Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More
Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More
Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Trade talks between the U.S. and China went past the planned two-day windowFollowing yesterday's positive session, Dow Jones Industrial Average (DJI) futures are trading above fair value again. U.S.-China trade talks will remain the key focus, as the countries moved into an unscheduled third day of negotiations. Details of the talks, now concluded, are expected soon. Traders will also monitor head...Read More
In his first Discovery Watch interview of 2019, John Kaiser of Kaiser Research Online suggests that Golden Triangle driller Sun Metals (Sunny; SUNM) achieved two important accomplishments last month. Leading up to December of last year, Mr. Kaiser believes the company demonstrated via recent exploration activities that its Stardust project likely has a new dimension of higher-grade mineralization...Read More
Metso announced on October 26, 2018 its decision to invest in a new greenfield valve technology center in Jiaxing, China. The groundbreaking ceremony for the new plant took place today. The new technology center will start operations in spring 2020 and will serve the local and global markets."This is an exciting day for both Metso and our valve customers in various process industries globally - we...Read More
Iron ore's rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group Inc. and Morgan Stanley warn that prices are poised to drop back.While industry fundamentals have improved, current prices won't last as more supply is on the way, Goldman analysts including Hui Shan said in a note received on Wednesday. The bank expects a dec...Read More