Here are five Fastmarkets MB stories you might have missed on Friday January 4 that are worth another look.The benchmark for the supply of aluminium to main Japanese ports in the first quarter of 2019 has settled in a premium range of $83-85 per tonne cif over the London Metal Exchange price, the lowest level in more than two years, sources directly involved in the negotiations disclosed to F...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.2% this morning, Monday January 7, with copper recently quoted at $5,937 per tonne – this after average gains of 1.5% last Friday. Volume across the complex has been average with 5,995 lots traded as at 7.15am London time. In the precious metals this morning, gold prices are off their highs...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in early trade.General Electric (GE $) is expected to open higher on reports that the company is in talks to sell its jet leasing unit to Apollo.Eli Lilly dropped $3.27 to $111.39 and Loxo Oncology gained $90.88 to $230.75 after Eli Lilly offered to purchase Loxo for $235 per share cash. Value of the deal is esti...Read More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on hi...Read More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on hi...Read More
The latest gold rally, which sees the yellow metal trading at over US$1,280 per ounce, has helped to lift heavily beaten down silver higher to US$15.70 an ounce. That has provided some respite for silver miners, who have seen their financial performance impacted by sharply weaker silver prices since the price of the white metal collapsed in mid-2018.One silver miner that appears increasingly unapp...Read More
Gold firmed substantially at the end of 2018 to see the yellow metal trading at US$1,285 an ounce, and there are signs that it will move higher during 2019, which has been a boon for gold miners. One very attractively valued junior miner that's poised to move higher is Seabridge Gold Inc. (TSX:SEA)(NYSE:SA). The miner has gained 35% over the last year and there are signs of further upside ahead, e...Read More
Gold has rallied significantly since the end of November 2018 to see it trading at around US$1,285 per ounce, which is slightly lower than the six-month high of US$1,291.80 reached last week. Despite some poor fundamental indicators for gold, including a stronger U.S. dollar and higher interest rates, there is increasing speculation that the yellow metal has entered a new bull market. Higher gold...Read More
The stock market has become the United States' "sacred cow." For some reason stock prices have become synonymous with economic growth and prosperity. In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed's money printing and lascivious enablement of rampant credit creation. 99% of all households have not experienced the rising prosperi...Read More
Major global market indices closed higher on Friday as the US released a stronger-than-expected jobs report and the People's Bank of China moved to cut reserve requirement ratios, taxes and fees.The S&P/ASX200 index was higher in afternoon trade, with Mozambique graphite producer Syrah Resources (ASX: SYR) up more than 10% on little news since announcing its first production of spherical graph...Read More
IDM Mining's exploration camp for the Red Mountain Project in northwest BC's Golden Triangle region. Photo by Ellsworth Dickson.Ascot Resources Ltd. [AOT-TSXV; OTVF-OTCQX] said Monday January 7 that it is acquiring IDM Mining Ltd. [IDM-TSXV; IDMMF-OTCQB] in a move it said will create a leading gold development company in British Columbia.Under a definitive agreement between the two companies, Asco...Read More
The Mount Marion lithium mine in Western Australia. Source: Mineral Resources Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV; 270-FSE] said Monday January 7 that it has boosted its portfolio by acquiring a lithium royalty on the producing Mount Marion Lithium Mine in Western Australia.The royalty being acquired consists of 1.5% of gross revenues and AUD$2 per tonne of ore mined under the Reed Industrial M...Read More
Share this articleTORONTO - Canada's main stock index began the first full trading week of 2019 higher as it got a push from ongoing crude oil price hikes while the loonie hit a four-week high.The S&P/TSX composite index closed up 77.51 points to 14,504.13.In New York, the Dow Jones industrial average was up 98.19 points at 23,531.35. The S&P 500 index was up 17.75 points at 2,549.69, while the N...Read More
If the first week of trading in 2019 is auspicious for the rest of the year, gold bugs are going to be in for a fun ride.Amidst broad market turmoil headlined by plunging and volatile global stock markets and increased U.S.-China trade tensions, the yellow metal lived up to its safe haven status over the holiday period and into the first few days of 2019, powering forward to just shy of US$1,300 p...Read More
As the Association for Mineral Exploration (AME) prepares for its 36th annual Mineral Exploration Roundup conference from Jan. 28 to 31, 2019, we look back on industry successes in 2018 and ahead to the potential for the mineral exploration industry in 2019.While our members report they continue to be challenged in attracting investment for exploration, we are getting indications that exploration...Read More
It's no secret that 2018 was a challenging year for most of us who make our living sharing insight, research, and speculation on junior resource stocks.Tax-loss selling at the end of 2018 was a nice last kick in the behind to close out the year.The first week of 2019, however, is off to a very good start with many of the better companies surging 30-40, even 100% in less than two weeks.Midas Gold (...Read More
I think it was the great investor Warren Buffett who said, "Find the lie in the market and exploit it."In today's market, that lie is about coal.Coal companies are being forced into bankruptcy due to politics. Ironically, that is great news for investors.Here is what the liberal rag ThinkProgress has to say:The last time U.S. coal consumption was this low, Jimmy Carter was president.Despite campai...Read More
Courtesy of: Visual Capitalist Over the last five years, markets have pushed concerns about debt under the rug.While economic growth and record-low interest rates have made it easy to service existing government debt, it's also created a situation where government debt has grown in to over $63 trillion in absolute terms. The global economic tide can change fast, and in the event of a reces...Read More
By: Harris KuppermanFrom time to time, the investment world takes something as accepted wisdom and just runs with it. For whatever reason, investors seem convinced that the US Dollar is destined to go higher. I've heard lots of smart opinions why; interest rate differentials, GDP growth rate differentials, "The Dollar Milkshake Theory," "Prettiest Body in the Morgue" and the "Fear Trade." Over t...Read More
StrengthsThe best performing metal this week was platinum, up 4.05 percent, hitting a five-week high and puncturing through its 20-day moving average and is likely following gold to a higher relative valuation. Gold traders and analysts surveyed by Bloomberg have been bullish for eight consecutive weeks as the gold price heads toward $1,300 an ounce. As equity markets remain turbulent, gold is h...Read More