CloseGain/LossGold $1325.00-$10.60Silver$16.63-$0.50XAU83.25-2.19%HUI179.87-2.34%GDM627.47-1.48%JSE Gold1110.47+7.05USD90.93+0.60Euro122.08-0.81Yen92.09-0.94Oil$68.64+$0.2410-Year2.975%+0.016T-Bond142.9375-0.15625Dow24448.69-0.06%Nasdaq7128.60-0.25%S&P2670.29+0.01% The Metals: Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of h...Read More
Last week's other top-gaining mining stocks on the TSX were Tanzanian Royalty, Eastmain Resources, Endeavour Silver and RNC Minerals.Read full newsRead More
The Peruvian Ministry of Energy and Mines announced today that it expects to reach $20.8 billion in investments between 2018 and 2022, with 10 per cent of such investments filling up the country's coffers by the end of this year. In a press release made public by the state-owned Adina Peruvian News Agency, the government agency said the funds will be generated by three projects whose construction...Read More
According to an eyewitness the van driverRead full newsRead More
Many Canadians are facing the consequences of spiraling debt...Read full newsRead More
Marin Katusa Marin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks. Marin's picks were no surprise to...Read full newsRead More
Canada NewsWireVANCOUVER, April 23, 2018VANCOUVER, April 23, 2018 /CNW/ - The following issues havebeen halted by IIROC:Company: Hashchain Technology Inc.TSX-Venture Symbol: KASHReason: At the Request of the Company Pending NewsHalt Time (ET): 12:47 PMIIROC ca...Read full newsRead More
FTSE 100 closes up 30 ptsTSB online banking continues to frustrate customersWealth management companies higher FTSE 100 picked up into the close to finish around 30 points higher at 7,398.FTSE 250 also travelled higher, up over 95 points at 20,316.Traders were buoyed by noises about the City of London, the global financial hub, retaining some benefits after the UK leaves the EU.Since th...Read More
Morning Market Breakdown, April 23: As the markets tossed and turned between red and green, precious metals saw losses Monday morning.Read full newsRead More
The ECB is about to capitulate on implementing rules that would have forced European banks to set aside more money against hundreds of billions in bad loans, after suffering a political backlash.Read full newsRead More
Iron ore producer Fortescue Metals on Tuesday reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China, while the discount for its lower quality ore also widened.The world no. 4 iron ore miner said it received 62 percent of the average benchmark Platts 62 CFR index for its ore during the quarter, down from 68 percent in the first half of fiscal 2018.However, Fortesc...Read More
The UK National Contact Point released a report today where it states that Kazakh mining giant Eurasian Resources Group flouted the rights of thousands of people living on its cobalt and copper concession in the Lualaba province of the Democratic Republic of Congo.According to the UK government body for the OECD Guidelines for Multinational Enterprises, the company was aware that water supplies fo...Read More
The Dollar Index broke above the key 90.00 level, up 5 days in a row -the biggest spike since Dec 2016 - to its highest level since mid-January. With net speculative positioning at extreme shorts, and liquidity stress (Libor-OIS), one wonders how far the short squeeze can go...Read full newsRead More
Commodity prices tumbled on news the U.S. could provide sanctions relief to Russian aluminum giant, Rusal, if Oleg Deripaska relinquishes control and sells his stake, while extended the deadline for companies to wind down dealings with Russian aluminum producer.Read full newsRead More
Bitcoin (BTC) endured a miserable winter, but with the arrival of spring cryptocurrency experts predict that international regulators will send the price soaring following a 'huge policy U-turn on cryptocurrencies.' With the crypto winter price freeze now thoroughly thawed, the spring seaso...Read full newsRead More
Tony O'Reilly, chief executive of Providence Resources PLC (LON:PVR), discusses the long awaited and hotly anticipated breakthrough for the Barryroe project, off Ireland's south coast.A farm-out deal with a consortium of Chinese companies puts Barryroe on-track to become Ireland's first producing oil field - at its peak the field could eventually produce a hundred thousand barrels of crude per day...Read More
APQ Global Limited's (LON:APQ) Bart Turtelboom tells Proactive Investors in the first quarter of 2018 they decreased their exposure to equities and credit.At the end of the period, the bulk of the company's overall exposure was in credit and government bonds (65.6% of book value), followed by equity exposure (28.0%).EM local currency bond exposure accounted for 22.5% of book value.The company paid...Read More
Utilitywise plc (LON:UTW) saw its shares rise 7.1% to 29.8p in late-afternoon trading as increased customers led to double digit profit growth in its interim results.The AIM-listed utilities consultant reported a pre-tax profit of ?950,000, swinging from a ?12.9mln loss for the same period last year which was caused mainly by legal and restructuring costs.Revenue for the period grew to ?39.7mln...Read More
BlueRock Diamonds PLC (LON:BRD) CEO Adam Waugh and CFO David Facey caught up with Proactive Investors to discuss the miner's first quarter update.Grades from its Kareevlei diamond mine were 3.8 carats per hundred tonnes (cpht) for the first quarter, up from 1.92 cpht for the same period last year.The amount of carats sold also shot up to 1,563 compared to 92 in the first quarter of 2017, represent...Read More
Story by Jeff DesjardinsIs the commodity supercycle coming back from the dead?For now, such a claim could perhaps be considered both bold and premature - but there does seem to be some compelling evidence that is mounting to back it up.The asset quiltAccording to the most recent "Asset Quilt of Total Returns" put together by Bank of America Merrill Lynch, commodities are the top returning asset cl...Read More