The last three trading sessions have been a nightmare for the U.S. stock markets. When investors returned after the Labour Day weekend, they went on a selling spree, as they priced in the economic risks. On September 8, the Nasdaq Composite Index dipped 4%, and the S&P 500 Index fell 2.8%. Three consecutive days of selling pushed the two indexes below their 50-day moving averages.A similar tre...Read More

Like many TSX stocks, gold has had a huge run-up in price this year. The yellow metal has been gaining value rapidly over the last few years.Already in 2019, the price of gold was on the rise. In total, the price rose by roughly 10% last year — a significant amount for gold. That rally continued early in 2020, then along came the coronavirus pandemic.Initially, gold, like almost every o...Read More

All it took was three trading sessions, and euphoria has turned into unease amid a September stock market crash that hit many of the first-half-of-the-year tech winners, including the likes of Shopify. Warren Buffett looks like a genius, having boosted his stakes in grocers and gold stock Barrick Gold while taking a raincheck on many frothy, pandemic-resilient tech stocks that, before September, h...Read More

Sep 09, 2020 Guest(s): Gary Wagner Equities markets have seen some strong selling activity in the last week due to lingering uncertainties in the economy, said Gary Wagner, editor of TheGoldForecast.com, who is concerned about gold and silver potentially not holding their base at current levels. "We are seeing a recovery, but the recovery is much slower than anticipated," Wagner told Kitco New...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

Global tin premiums were stable in the two weeks to Tuesday September 8; a drop in the metal's three-month price on the London Metal Exchange did not drive spot buying, while volatile forward spreads, stagnant demand and supply concerns continued to limit business, Fastmarkets understands.US market sees little evidence of a demand increaseFalling LME price fails to drive European businessImport ar...Read More

Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region. Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US econo...Read More

Bob Moriarty ArchivesSep 9, 2020Mark Turner AKA Inca Kola likes to point out the frauds and liars in the mining business. He’s good at it because he has so much experience staring down a conman in the mirror as he shaves.He posted this chart showing what happens to fools that invest in silver. Certainly you can make the case that the figure doesn’t lie. It’s a chart.(Click on ima...Read More

The company plans to use the net proceeds to fund the purchase or redemption of outstanding 7% senior notes due 2025 and the remainder for general corporate purposes.Iamgold had $866.3 million in cash and short-term investments at June 30 and a "virtually undrawn" $500 million credit facility.It had reported solid operating results for the June quarter, despite COVID-19 impacts on production, than...Read More

The embattled diamond producer, which put itself up for sale at the end of June, said Leigh Day - a UK law firm - had filed claims in the High Court on behalf of 32 individuals against Petra and the mine operator Williamson Diamond Limited (WDL)."The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous i...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

* Pound fluctuates in over a cent's range against dollar * One-month sterling implied volatility spikes * HSBC sees GBP/USD falling to $1.20 * Nomura pegs "no-deal" Brexit probability at 40% * ING says sterling could find support at $1.2870 (Updates after EU statement in response to UK draft bill)By Ritvik CarvalhoLONDON, Sept 9 (Reuters) - Sterling hit a six-week low below$1.29 on Wedne...Read More

Brazilian alumina exports declined by 18.4% in August versus the same period last year due to reduced shipments from both the Alunorte and Alumar refineries during that period, according to data from the country's ministry of economy published this week.Brazil exported 572,708 tonnes of alumina last month compared with 701,743 tonnes in August 2019. Most of those volumes were shipped through the B...Read More

Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce a corporate update on its revenue generating activities both for its DermSafe (R) hand sanitizer and its cannabis / CBD products and licenses.DermSafe (R) Hand Sanitizer Sales and ProspectsOvation made significant progress in the second quarter toward its goal of advancing its sales initiatives fo...Read More

Benchmark alumina prices in the Pacific are under pressure due to quiet market conditions and weak demand, despite ongoing production restrictions at Hydro's Alunorte refinery in Brazil.Fastmarkets benchmark alumina index, fob Australia was at $273.44 per tonne on Wednesday September 9, down by 3.8% from a five-month high of $284.32 per tonne on August 21. "Prices are under pressure and...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") based in Vancouver, BC, a royalty company for the U.S licensed cannabis industry, today announced that Andriyko Herchak, CEO, will present live at VirtualInvestorConferences.com on Thursday, September 10 2020 at 8am PST / 11am EST.DATE: Thursday, September 10th TIME: 8:00am PST / 11:00am ESTLINK:...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

China's State Reserve Bureau (SRB) is going to start stockpiling cobalt metal in the near future, market sources told Fastmarkets on Wednesday September 9.One producer source told Fastmarkets they had received a notice from the country's reserve authority late in the evening in China, informing them to collect a tender document the next day - Thursday September 10. It is still unknown, however, ho...Read More

Turkish steel mills have been busy in the deep-sea scrap market in recent weeks and booked four more cargoes totaling more than 150,000 tonnes on Wednesday September 9, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $301 per tonne cfr, 12,000 tonnes of shredded at $306 per tonne and 8,000 tonnes of bonus at $311 per ton...Read More

Japanese export steel scrap prices jumped on Wednesday September 9 following a strong increase in the Kanto auction for the second month running, market sources told Fastmarkets.Japan's Kanto Tetsugen, a monthly auction between a cooperative of scrap dealers in the Tokyo region, closed at ?29,370 ($276) per tonne fas on Wednesday, up by ?2,154 per tonne from the previous month.August's auction p...Read More