Alastair Ford from Mining Capital discusses the Fed's recent rate rise and associated commentary.As fears of a trade war build amidst continuing threatening rhetoric and posturing on tariffs from US President Donald Trump, investors flock to the safe haven asset of gold.Meanwhile, easing of the Indigenisation and Economic Empowerment Act in Zimbabwe is poised to deliver a boon to platinum pr...Read More
Gold and silver picked up on the back of Trump's anti-China tariffs and the Fed hike, while copper remained relatively flat.Read full newsRead More
CloseGain/LossOn WeekGold $1345.70+$17.40+2.44%Silver$16.53+$0.14+1.22%XAU81.50+2.66%+3.56%HUI176.86+3.01%+3.33%GDM616.94+2.55%+3.08%JSE Gold1131.26+41.30+7.65%USD89.45-0.33-0.84%Euro123.56+0.45+0.56%Yen95.70+0.61+1.46%Oil$65.88+$1.58+5.68%10-Year2.812%-0.009-1.16%Bond145.00+0.25-0.32%Dow23533.20-1.77%-5.67%Nasdaq6992.67-2.43%-6.54%S&P2588.26-2.10%-5.95% The Metals: Gold climbed $21.90 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort223,88275,151102,004173,307340,577499,193517,732Change from Prior Reporting Period -10,5498,66819,29111,703-9,83720,44518,122Traders17890965160278205 Small Speculators LongShortOpen Interest 46,30627,767545,499 -1,70861518,737 non reportable positionsChange from the previous repo...Read More
- Market turmoil as trade war concerns deepen and Trump appoints war hawk Bolton- Oil, gold and silver jump as 'Russia China Hawk' Bolton appointed- Oil up 4%, gold up 2.2% and silver up 1.6% this week (see table)- Stocks down sharply - Nikkei down 4.5%, S&P 4.3% & Nasdaq 5.5%- Bolton scares jittery markets already shell-shocked by US' tariffs against China- Currency wars and trade wars tend to...Read More
After rising midweek, buillion moved higher Friday as prospects of a trade fight between the U.S. and China stoked concern that global growth will slowRead full newsRead More
FTSE 100 down 30.65 ptsChina/US feud intensifiesWill EU leaders rubber-stamp Brexit transitional deal?The FTSE 100 followed other European stocks to remain in the red, as fears of a looming trade war between China and US reared its head again.The index of UK leading shares closed down 0.44% or 30.65 points at 6,921.94, firmly below the psychological 7,000 level and to a 15-month low.Banks and...Read More
Barrick Gold Corp, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines.Shares in the Canadian miner declined 15 percent last year, even as the price of gold gained 11 percent. In 2017 Barrick had a third cyanide spill in 18 months at its Veladero mine in Argentina and struggled...Read More
Following a community outcry, Aben Resources (TSX-V: ABN) and Eagle Plains Resources (TSX-V: EPL) decided to suspend their planned drill program at the Chico Gold Project, which is located 125 kilometres east of La Ronge, Saskatchewan.The program, which consists of 1,200 to 2,000 metres of drilling in some four or five holes at various locations, had all the required permits and started to be cond...Read More
The United States and South Korea could announce a trade deal next week that would cover an exemption from U.S. steel and aluminum tariffs and other trade issues, President Donald Trump and his commerce secretary said on Friday.Trump said the agreement "would be a wonderful deal with a wonderful ally. We're getting very close to it."It was not immediately clear whether the deal would encompass a r...Read More
A month after closing the acquisition of Rapier Gold, GFG Resources (TSX-V:GFG) announced the launching of an aggressive exploration program at the Abitibi greenstone belt, which is located west of Timmins, Ontario. In a press release, the Saskatoon-based company said that the fully funded, C$3 million exploration program will be conducted 30 kilometres west of the Timmins West gold mine and will...Read More
Nighthawk Energy PLC (LON:HAWK) saw shares fall 5.8% in late-afternoon trading to 0.4p as the oiler posted a drop in production.During the three months from November 2017 to January 2018, net production totalled 66,971 barrels, down from 86,418 for the same period a year ago.The company also said it had completed non-routine workovers on several of its wells.Meanwhile, Gaming Realms PLC (LON:GMR)...Read More
Mark Zuckerberg "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you." (File Photo)Facebook CEO Mark Zuckerberg broke his silence Wednesday afternoon, days after his social media site was accused of data abuse. Facebook's data scandal, data mishandling...Read full newsRead More
A Vancouver tech company isn't wasting time evolving its business to focus on blockchain and cryptocurrency. Global Resource Technologies Ltd. announced at its AGM March 21, 2018 that it has acquired 1Linx Blockchain Technologies Corp., a company that provides blockchain security services to meet th...Read full newsRead More
As Facebook's use of data hits the headlines, Eddy Travia co-founder and CEO of Coinsilium Group Ltd (NEX:COIN) explains how the Indorse social platform puts users in charge and gives them a share of the advertisement revenue generated by their personal profiles."Indorse is a decentralised platform that's changing and disrupting the way social media is currently working," Travia said.Coinsilium no...Read More
The selloff in the equity markets was downright scary this week as a US trade war with China looks likely.Traders also reacted to the Facebook data sharing debacle, as technology stocks lost billions in value within hours.Commodity prices also fell and in early trading on Friday, Brent crude was close to US$70 with WTI holding close to US$65 a barrel.Strength in the oil market is dependent on stro...Read More
LONDON, March 23 (Reuters) - Britain has rejected plans for a new open cast coal mine in northeastern England, as it could hamper efforts to reduce greenhouse gas emissions and curb climate change, the minister for local government said on Friday.Supporters of the project had said it could bring much needed jobs to the region, while environmental campaigners said it would go against Britain's comm...Read More
"That is a key component of us getting back and doing some test work," George Frangeskides told Proactive.The executive director of Alba Mineral Resources PLC (LON:ALBA) said the Horse Hill consortium is now just waiting for approval from the Oil and Gas Authority, before they can go in and do the extended testing they've been 'keenly awaiting."Alba has recently appointed in its own senior oil and...Read More
Western Copper and Gold Corporation ("Western" or the "Company") (TSX:WRN) (NYSE AMERICAN:WRN) reports its financial results for the year ended December 31, 2017.Read full newsRead More
Alastair Ford from Mining Capital discusses the Fed's recent rate rise and what it means for markets.As fears of a trade war build amidst continuing threatening rhetoric and posturing on tariffs from US President Donald Trump, investors might flock to the safe haven asset of gold.Meanwhile, easing of the Indigenisation and Economic Empowerment Act in Zimbabwe is poised to deliver a boon to m...Read More