Several economic indicators have surprised us on the positive side. Nevertheless, the price of gold has rebounded.Finally! The price of gold has been rising recently . As the chart below shows, the yellow metal rebounded from the late March bottom of $1,684 to above $1,770 on Friday (Mar. 16). This could be a promising start to the second quarter of 2021, which looks better than the first. As you...Read More
Gold rallied last week towardthe top of a down-trending channel that has been in force since prices peakedlast summer.Abreakout attempt in early January failed. The gold market subsequently slumpedto a potential double-bottom low in March around $1,675/oz.The $1,800 level now loomsas a critical technical juncture.The recent bounce couldeither fail around there… or gather the strength to fin...Read More
A culminating point has been reached.With the USD Index being backed up by solid fundamentals, can gold hold theline?Have you ever noticed how often thelanguage of war is used in finance and economics articles? A given company ison the defensive or the offensive, a stock is pushing forward, something elseis rallying, positions are being taken… who will fire first? It’s the case ofcont...Read More
The S&P 500 went back to relentless rallying onFriday, yet the selling wave before the close looks to indicate hesitationahead. Even though VIX is attacking the 16 level, and the put/call ratio tickedhigher, the bulls are little disturbed thus far – and they‘re unlikely to getupset. Whatever consolidation comes, would be a sideways one – one to bebought. That‘s the resu...Read More
This second part of our research article related to the new Bullish price phase in Precious Metals and Miners will continue to explore the potential range and targets for higher price trends.In the first part of this article, I discussed how precious metals have started moving higher in somewhat of a stealth mode – not really drawing a lot of attention from traders. While other commodi...Read More
(IDEX Online) - A personalized wristwatch made for the artist Pablo Picasso is to be auctioned.The letters of his name are spelled out by the hour markers of the otherwise unremarkable Swiss stainless steel timepiece, made by the little-known Michael Z. Berger Co in 1960.As Bonhams Paris point out in their auction notes, Picasso had the good fortune to have a name of exactly 12 letters. "It i...Read More
Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data. Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the scenes of the hype in the markets regarding IPOs and Bitcoin’s new...Read More
(IDEX Online) - An historic pearl and diamond tiara from the Spanish royal family sold for $1.6m at Sotheby's Geneva.It was a gift to Maria Vittoria dal Pozzo from her father on her marriage in 1867 to Amedeo of Savoy, Duke of Aosta, who was later elected King of Spain as Amadeo I (1870 until his abdication in 1873). She became Queen Maria Vittoria of Spain and died nine years later, aged jus...Read More
(IDEX Online) - Alrosa reported preliminary rough and polished sales of $401m in April, as demand remained "sustainably robust".By comparison, last April saw sales slow to a virtual standstill - $15.6m - as Covid caused a global shutdown.Alrosa's monthly sales from January to April 2021 have averaged $390m.Last month the Russian state-owned miner said it would give shareholders their biggest-...Read More
About four months into the planned two-year construction of Argonaut Gold's (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood.While Argonaut is crossing off early construction milestones at the $480 to $510 million mine build, the company continues to report high-grade gold i...Read More
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Located in one of Russia's most prolific gold mining provinces, Polyus' Olimpiada reigns as the top producing operation.Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
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Buying stocks this time last year was unquestionably easier than it is today. With almost every stock trading at a major discount to its fair value, nearly the entire market has rallied throughout the last year. However, although there aren’t as many opportunities that are clear as day this year, there are still plenty of high-quality Canadian stocks and ETFs to buy now.There are plenty of b...Read More
While TSX stocks appear shaky, as they linger around their record highs, some indicators indeed suggest a continued rally. Higher inflation fears could hinder their upward march, but strong earnings growth and economic recovery will likely boost them for the rest of the year. Here are three top TSX stock investors can consider for the longer term.Major Drilling International One of the top driller...Read More
Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More
Molybdenum prices rose 15% during last week's trading when a combination of low inventories, steady consumption and high copper prices brought the already-limited production outlook into sharp focus. Would-be buyers found themselves caught short or with limited offers last week after a strong first quarter gave way to slower activity in April"I don't know how healthy this rally is, but I'd be feel...Read More
The bullish momentum on the London Metal Exchange resumed on Monday May 17, following a pullback at the end of last week, with lead and zinc leading and returning to prices they had hit one week earlier when most metals set new LME year-to-date peaks. At $3,014 per tonne on Monday at 5pm, LME zinc's three-month price had the largest increase from Friday's close of $2,938, which had been a 1.8% fal...Read More