Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.Investors are waiting for a statement on FOMC interest rate expectations to be presented today by Federal Reserve Chairman Powell at the Jackson Hole symposium.Affirm added $0.97 to $14.80 after reporting higher than consensus fiscal first quarter results. The company also raised guidance for t...Read More
A live performance of:"Mademoiselle Nobs" originally titled "Seamus" first appeared on the "Meddle" album released in 1971. This was Pink Floyd's only live version of this song.This version on the "Live at Pompeii" film released in 1972 was named after the Russian Wolfhound named Nobs, which belonged to Madonna Bouglione the daughter of circus director Joseph Bouglione.This version is minus the ly...Read More
A subscriber from Canada emailed me last night about the Canadian housing market: "Toronto and Vancouver sales down 40% and 30% YoY respectively. Prices are still up in Vancouver but down 14% in Toronto. I don't know how prices stay up if the volume continues to trend down. Canadians are even more levered than Americans I believe. This is going to get ugly before it's all over."The only part I dis...Read More
SHANGHAI, May 10 (SMM) –Copper: LME copper rebounded to a high of $6,810/mt from a low of $6,766/mt during the European trading session overnight. The SHFE 1807 contract traded rangebound overnight. Its trading level nudged up and hit the five-day moving average. We expect LME copper to trade at $6,800-6,850/mt today with SHFE 1807 contract at 50,900-51,300 yuan/mt. Spot premiums are seen to...Read More
HUI Gold Bugs index is up +40% since the end of May.Centerra Gold is a low-cost producer with a strong balance sheet.Risk factors that weighed on the stock are vanishing. August Comex gold (GLD) hit a new high last week at $1,454. Below is a chart of the HUI gold bugs index. The index has crossed the 200-day MA and heading toward a break out that I show with the red line. So far this summer rally...Read More
The London Metal Exchange's base metals prices were robust at the close of trading on Thursday July 29, supported in part by a US Dollar Index that reached its lowest since June 29 and fundamental factors affecting the metals themselves.The dollar index bottomed at 91.87 on Thursday, having reached a year-to-date high of 93.19 on June 21, following the US Federal Reserve bank's renewed dovish stat...Read More
(IDEX Online) - Scientists say they now better understand how pink diamonds from the iconic Arygle mine were formed - which may allow them to predict the location of other sources in the future.They say the clear stones got their distinctive color from the the clash of continents that formed the vast supercontinent Nuna, including Australia 1.85bn years ago.They were brought close to t...Read More
"Anconia and Avalon Investment Holdings Announces Definitive Agreement and Closing of Financing https://t.co/63z0B50SW4 @AnconiaResource $ARA #goldnews"Read full newsRead More
SEOUL (Reuters) - A South Korean delegation met North Korean leader Kim Jong Un on Monday, a South Korean official said, after arriving in the North on a visit aimed at encouraging North Korea and the United States to talk.Both North Korea and the United States have expressed a willingness to hold talks, but the U.S. position has been that they must be aimed at North Korea’s denuclearization...Read More
The Luddites Among Us … Certain economic ideas that are both logically wrong and unsupported by historical facts, and which have been known to be wrong for 250 years, are still widely held. This annoys economists. There is something that seems inherent in men's approach to thinking about their own wealth that persuades them that what they have seen, over and over, in nation after nation,...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), is pleased to announce that one of the largest herb growers in the Midwest U.S., Mariposa Farms, has made the switch away from petroleum-based PET packaging to good natured (R) plant-based materials.With a presence across 15 states supplying retailers such as Walmart, Hy-Vee, and Price Chopper as well as...Read More
(Kitco News)- Goldprices are modestly lower and dropped to another five-month low in early U.S.trading Thursday. A strong U.S. dollar continues to cast a bearish shadow overthe precious metals markets. June Comex gold futures were last down $3.30 anounce at $1,288.20. July Comex silver was last up $0.079 at $16.45 an ounce. Worldstock markets were mixed overnight. U.S. stock indexes are pointed to...Read More
i24News is reporting that Israel has called up some reserve units for air defense, home front and intelligence as Defense Minister Avigdor Liberman consults with military leaders at IDF headquarters.Read full newsRead More
"Petroteq Energy (@PetroteqEnergy) (#TSXV: $PQE // #OTC: $PQEFF) Announces Closing of Financings [https://t.co/ZaUYB0axB6]#investing #stocks #stockmarket #trading #capitalmarkets #news #business #breakingnews #energy #financings #capital"Read full newsRead More
European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
(IDEX Online) - Gemfields say it set a record with sales totaling $43.7m from its Kagem mine, in Zambia.The UK-based colored gems miner says it sold all 35 lots offered, comprising 264,000 carats of higher quality rough, at a series of five auctions, with viewings in Bangkok and bids made online by sealed bids.The June auctions were the highest grossing since the Kagem mine opened in 2009 and narr...Read More
Image: Petra Diamonds.This year will likely go down in history as the one when lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, finally cracked the consumer market, largely thanks to millennials' evolving shopping tastes.The entry of new actors in the synthetic sector, particularly giant producer De Beers and its Lightbox brand, has creat...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More
RENO, Nev. (AP) - Federal investigators cited a Nevada gold mine for safety violations...Read full newsRead More
The export market for steel billet originating from the Commonwealth of Independent States was quiet on Monday June 7 with no trading reported due to an offer-bid mismatch. Billet offers from CIS producers were heard in the range of $650-670 per tonne fob on Monday, little changed compared with the end of last week. No buying activity was reported for these offer prices. Small tonnages of billet f...Read More