In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below C$21 billion. This represents a 41% year-over-year decline, with reductions in shale and oil sands accounting for more than 80% of the decrease.Read full newsRead More

Gold prices are reacting along with gold stocks and company shares in the week ahead of scheduled meeting to be held by the US Federal Reserve and the European Central Bank. Following several rounds of interest rate cuts and stimulus packages aimed at extending financial aid to struggling businesses to counter an impending economic collapse, investors are starting to pull away from the yellow meta...Read More

Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) is an intriguing safe investment that is often bypassed by many investors. At first glance, Wheaton may appear to be like any other traditional precious metal miner, but the company is a streamer.What’s a streamer? Why does it matter?Streamers differ from traditional miners in that they don’t actually own or operate any mines. Streamers provi...Read More

Tuesdays are often a weak day for gold. Where there is weakness there is opportunity, but is that opportunity here today?Please click here now. Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.That breakout would target the $1900 area.There's also a bear wedge (defined by the thin red trendlines on the ch...Read More

In a surprise move for gold miners, Bank of America recently announced it had lifted its 18-month gold price to US$3,000 an ounce. Given that the yellow metal started the year at just over US$1,519 and is selling for US$1,708 an ounce, this is a surprising statement.Whether gold will climb to that high, which is more than US$1,000 greater than its all-time record price, is yet to be seen. It will...Read More

Late last week, the Bank of America made a bold call: $3,000 gold. At this price, gold would have to fly through the all-time high of $1,921/oz set back in September of 2011. According to the analysts, investors will look to gold “…as economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure.”...Read More

Tuesdays are often a weak day for gold. Where there is weakness there is opportunity, but is that opportunity here today?Please click here now. Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.That breakout would target the $1900 area.There's also a bear wedge (defined by the thin red trendlines on the ch...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Rwanda has allowed some mines and exporters in the country to resume operations starting from Tuesday April 28, sources told Fastmarkets. Five of the 19 export organizations in the country in eastern Central Africa will be allowed to ship out material from today and 20 mines - including those producing tantalum, tungsten and tin - will be allowed to slowly resume operations. Ta...Read More

Upside momentum in London Metal Exchange base metals prices was capped during the afternoon session on Tuesday April 28 while pervading uncertainty across the complex left three-month prices mixed at the close. Some analysts suggested participants were waiting on the sidelines in anticipation of macro developments from virus-hit global economies including the United States, before committing to fu...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 28, 2020 Tuesdays are often a weak day for gold.Where there is weakness there is opportunity, but is that opportunity here today? Pleaseclick here now.Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Swedish mining company Boliden increased its concentrate stocks of zinc, copper and lead during the first quarter of 2020 to ensure supplies of raw materials for its smelters amid the growing market uncertainty created by the Covid-19 pandemic."The company is planning for normal business operations during the coming quarters," Boliden said in its interim report for the January-March quarter on Tue...Read More

MAG said it would offer about 4.5 million shares to Sprott's 2176423 Ontario Ltd priced at $13.25. "We understand this is Mr.Read More

Zambia is highly unlikely to impose restrictions on the mining sector during the Covid-19 pandemic because current practices are working very well, a senior executive at First Quantum said. Hannes Meyer, the company's chief financial officer, said Zambia's population demographics have also aided the limited spread of the virus in the copper-rich country. "I don't think for one minute that we will...Read More

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2019, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTSSold 10,017 tons of frac and i...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Rwanda has allowed some mines and exporters in the country to resume operations starting from Tuesday April 28, sources told Fastmarkets. Five of the 19 export organizations in the country in eastern Central Africa will be allowed to ship out material from today and 20 mines - including those producing tantalum, tungsten and tin - will be allowed to slowly resume operations. Ta...Read More

Gary Savage SPX rally heading for 3,000 area, a pullback and then a run for 3,200 area..Gary Savage https://blog.smartmoneytrackerpremium.com/Read More

Ira EpsteinSettlement times come in at 1:30pm EST. Down day in energy, Oil ETF changes rules again, liquidating all front month-June contracts! Gold markets in a consolidation phase, Gold has a bear pattern but..Read More