Well, look who's back in town. John Bernard Felderhof, former vice-chairman of Bre-X Minerals, was spotted in Toronto in mid-March, accompanied by his lawyer, Joseph Groia. The pair were walking into the Ontario Securities Commission's offices to take in oft-delayed proceedings relating to allegations Felderhof violated Ontario's securities law eight times.A Canadian citizen, Felderhof has discree...Read More
Forget about predicting what will happen in a stock market downturn. Short-seller Chris Irons, founder of Quoth the Raven Research, said it's time to consider shorting the whole American economic and free market system. For Irons, gold is the best bet for long-term. "If you don't want to take it from me, take it from the central government," Irons said at a Kase Learning short-selling event in N...Read More
U.S. stocks have endured some "interesting" trading over the last couple of quarters. The broad market sold off hard in the final three months of 2018, only to rally just about as hard in the first three months of 2019. But not all asset classes have had such an abrupt regime change. Take gold, for instance. While the S&P 500 zig-zagged hard during the past two quarters, ending up about 0.72% lo...Read More
They're back! Investors piled billions of dollars into specialized commodities funds in the first quarter after going cold on the sector last year, according to new data. Such funds include the SPDR Gold Shares (GLD - Get Report) ETF, which owns bars of solid bullion, as well as many others including the United States Oil (USO - Get Report) which tracks the price of crude oil. The sudden switch...Read More
As the threat of a trade war with China cast a shadow over Wall Street early Wednesday, April 4, the price of gold, which is considered a safe-haven asset, jumped. In morning trading Wednesday, gold futures for June delivery gained 0.72% to $1,346.90 per troy ounce. At the same time, the SPDR Gold Shares ETF (GLD) rose 0.77% to $127.27. The spike in gold prices Wednesday morning came in conjun...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia (NVDA) will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semiconductor specialist....Read More
Geopolitical uncertainty is helping to support gold prices, but an impending rate hike in less than two weeks could finally take its toll on the market, with some analysts expecting gold prices to test support below $1,300 an ounce in the near-term. The gold market closed its second week in relatively neutral territory, within a narrowing trading range. April gold futures last traded at $1,329 a...Read More
Good Morning Rewind Friends! You're no doubt feeling a little more exhausted than usual this morning. That's because we're all springing forward with daylight savings time. Did you know that the biannual tradition celebrates 100 years, this year? Daylight Savings Time, What You Need to Know Established in the U.S. in 1918Established to save energy, but time-skeptics say that is no longer...Read More
Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for the second month in a row during January. That's the fourth consecutive month of net inflows for gold ETFs, with the ove...Read More
Not many asset classes performed well in 2018, but gold managed to escape with only about a 1% loss -- and the charts tell me it could shine even more brightly in 2019. After all, a 1% drop for 2018 was actually pretty decent considering the fact that gold had a massive swoon over the summer, down more than 10% at one point. And remember that many other asset classes did even worse....Read More
Gold miners are continuing to glitter in 2019, as U.S. stocks fade early in Tuesday's trading session. After opening higher for a third straight session, the big S&P 500 index is reversing course as the trading day progresses, cooling off as investors hope for a rebound following the worst year for stocks since the financial crisis of 2008. With investor uncertainty abounding in 2019, one of the...Read More
In any type of commercial geological investigation, it is always important to know "who" and "what" has gone before. In most cases, this is perceived as reviewing the company, corporate or agency files and doing a quick check of previously published material. All too often a company finds out later (that is, after investing large sums of money to acquire "new" data or information, or after the com...Read More
As the broad market continues to ride its best year-to-date performance in more than two decades, investors who haven't been paying close attention may be surprised to discover that 2019 has also been a stellar year for gold. While gold isn't having quite the historic run that we're seeing in equities so far this year, it's not for lack of performance - metal prices simply surged higher faster,...Read More
SASKATOON — Shares of Nutrien Ltd., the company created by the merger of Agrium Inc. and Potash Corp. of Saskatchewan Inc., started trading on the Toronto and New York Stock Exchanges today.The company traded under the ticker symbol NTR.The merger saw shareholders receive 0.40 Nutrien shares for each common share of PotashCorp they owned and 2.23 Nutrien shares for each Agrium share they own...Read More
MONTREAL — Canadian initial public offerings rebounded last year from their worst performance in nearly two decades in 2016 as $5.1 billion in proceeds were generated with the prospect for a strong 2018, says Pricewaterhouse Coopers.There were 38 issues from Canadian companies or companies listing on Canadian exchanges in 2017.That included 13 in the fourth quarter, which raised a total of $...Read More
SummaryA 2017 CCPA report found that the average compensation for the 100 highest-paid CEOs in Canada was $9.5 million, which was 193 times higher than the average industrial wage in Canada ($49,510).Extending the analysis to include all CEOs in the survey reduced average compensation by 78.4% to $2.1 million; the ratio of CEO-to-worker pay fell to 42 to 1.Quite telling, the average CEO compensati...Read More
The December issue of BullionStar's 'Gold Market Charts' looks at developments in the world's major physical gold markets during November, the latest month for which the relevant data is available. Each month, this series of article uses gold charts from the GOLD CHARTS R US market charting website.SGE Gold WithdrawalsPhysical gold withdrawals from the vaults of the Shanghai Gold Exchange (SGE...Read More
Back in October 2016, Centerra Gold CEO Scott Perry told investors that purchasing the Mount Milligan gold and copper mine would give the company an asset in “one of the lowest risk jurisdictions” in the world — British Columbia.At the time, his company’s other flagship asset, a gold mine in the Kyrgyz Republic, was mired in disputes with the local government about pol...Read More
SummaryAs Canada's most successful metropolitan areas continue to grow, they face pressures to grow outward-through the construction of new communities at the urban fringe-and upward-by accommodating more residents in existing urban areas, leading to higher populations densities. This bulletin compares population densities across 30 cities located in high-income countries.To ensure comparability b...Read More
The early part of the year is typically when there is movement on the Street, and 2018 is no exception.Vancouver-based PI Financial has hired two new staffers for its mining research group. The firm has retained the services of Chris Thompson as head of its mining research group and Justin Stevens as a mining research associate. They both joined from Raymond James where they covered precious metal...Read More