Volcanic Gold Mines Inc. is pleased to announce that it has closeRead full newsRead More
Gold exploration company Idaho Champion Gold (CSE:ITKO,OTCQB:GLDRF,FSE:1QB1) has launched its campaign on the Investing News Network.Read full newsRead More
Commander Resources Ltd. has completed an 800 line-kilometre airbRead full newsRead More
Sienna Resources Inc. Sienna has closed its financing consistingRead full newsRead More
The Canadian stock market only accounts for about 2.7% of the world’s stocks, while close to 54% are in the United States, where the largest stock market resides. Therefore, it speaks volumes when Warren Buffett is invested in two TSX stocks via Berkshire Hathaway.Specifically, in the last reported quarter, Buffett had about US$794 million invested in Canada. He had invested roughly US$565 m...Read More
Warren Buffett has regained his bearing after the COVID-19 shock kept him away from the market in the first half of 2020. The legendary investor was criticized for being a net seller of stocks instead of an aggressive buyer. However, his conglomerate has drawn about US$18.5 billion already from its cash hoard in the third quarter.The GOAT (greatest of all time) of investing is a value hawk, althou...Read More
Oct 21, 2020 Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of Technical Traders. The gold bullion is seeing similar price action, and chart patterns point to a $2,100 to $2,300 by year-...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 21 that are worth another look....Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 21.Please click...Read More
The three-month price of copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday October 21, reaching its highest in more than two years and aided by a downturn in the US dollar index, while LME nickel's price rally cooled against selling pressure over the afternoon.Copper's outright price on the LME closed at $6,991.50 per tonne on Wednesday afternoon,...Read More
Bob Moriarty ArchivesOct 21, 2020The Republican and Democratic candidates for president may be the most flawed in U.S. history. And yet one of these two men—God help us—will be sworn in this January.If you’re like me, you’re not betting on either one. Government spending is already out of control. Replacing Trump, the self-proclaimed “King of Debt,” with Biden,...Read More
McClellan Financial Publications, IncPosted Oct 21, 2020Oct 15, 2020Gold prices are important not just to traders of gold coins, but also as a great leading indicator of lots of things that will happen in the future.This week’s chart shows one of the messages we can take from gold prices, which concerns long-term interest rates. In this chart, the plot of gold prices has been shifted forward...Read More
Lawyers from Mbuyisa Moleele and Leigh Day yesterday said they had filed a class action lawsuit in South Africa against its subsidiary, Anglo American South Africa, alleging it had caused lead poisoning from the Kabwe mine in Zambia which was part of its group between 1925-1974.The company told local media it was never a majority owner of Kabwe and would review the claims made and "take all necess...Read More
London copper futures broke above $7,000 per tonne for the first time since early 2018 on Wednesday October 21, with the wire-making metal's green credentials being touted as bullish for future demand at the virtual LME Week forum.The London Metal Exchange's three-month copper contract traded at a high of $7,027 per tonne in afternoon trading on Wednesday October 21, its highest level since J...Read More
The arrival of lower-priced cargoes and weakening downstream demand weighed on the market for UG2 chrome ore in China in the week ended Tuesday October 20, although liquidity was light.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell by $4 per tonne (-2.9%) to $135 per tonne on Tuesday, from $139 per tonne a week earlier."More people are looking to sell than...Read More
That's one way of interpreting the results of a poll taken of participants in a Macquarie Bank base metals summit earlier this week.Read More
A summary of Antofagasta's production results for the third quarter of 2020.Chilean copper miner Antofagasta's copper production has fallen by 7.3% overall this year, but the miner said it will be targeting record output in 2021, even if pandemic restrictions remain in play.In brief: Antofagasta group copper production dropped in the third quarter t o 169,000 tonnes, down 4.6% compared with the se...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 21 that are worth another look....Read More
Turkish steel mills continued their silence in the deep-sea scrap market for a third day this week, with participants now split on the direction prices will take, sources said on Wednesday October 21.After a third day without any new bookings, sources began to speculate on the direction prices might go.Some told Fastmarkets they were expecting prices to move up, despite the mil...Read More
Half of the base metals prices on the London Metal Exchange have in recent days risen to multi-month highs, with copper reaching levels not seen since June 2018, and all of the metals are pushing higher this morning, Wednesday October 21. Some strike action in copper in Chile has added fuel to copper's rally High expectations for a further stimulus ahead of the US presidential election has boosted...Read More