Barrick Gold Corp (TSX:ABX)(NYSE:GOLD) was already one of the largest gold stocks in the world. Thanks to the market rally, its valuation is now 85% higher. The rise happened in a matter of weeks.This is an exciting opportunity. During times of turbulence, particularly severe bear markets, gold has been a fantastic investment. With federal governments running their printers non-stop, this precious...Read More
Analysts everywhere announced a market rally as soon as it was feasibly possible. Any hope at all during this damaging time is music to investors’ ears. Now, investors have two worries. One, that they missed the market bottom, and it’s too late to invest. Second, that another drop could happen, so it might be better to keep cash instead of investing to avoid market volatility.It’...Read More
The Antamina mine in Peru is one of the largest copper/zinc operations in the world. It halted activities in mid-April. (Image courtesy of Teck Resources). Through supreme decree N ? 080-2020-PCM, the Peruvian government authorized mining operators to resume activities as of May 2, 2020. According to the decree, miners are allowed to exploit, refine, store and transport minerals and metals, as w...Read More
Electric vehicle. (Reference image by FirstEnergy Corp., Flickr). The executive director of the International Energy Agency (IEA), Fatih Birol, said that the turmoil in the oil sector caused by the covid-19 pandemic gives governments the perfect opportunity to embrace green energy as a source of jobs that also serves climate goals.In an interview with Reuters, Birol said that not only well-establ...Read More
Charger for electronic devices. (Reference image from Pxfuel). Researchers at the Korea Institute of Science and Technology have developed a high-capacity lithium-ion battery that is flexible enough to be stretched. Led by senior researcher Jeong Gon Son, the team created an accordion-like micro-structure, which gives structural stretchability to non-stretchable materials, and thus constructed a...Read More
Brucejack mine, British Columbia. Image from Pretium Resources. Pretium Resources (TSX/NYSE:PVG) announced adjusted earnings of $25.9 million, or 14 cents per share, in Q1 2020 up from $16.5 million, or 9 cents, in the same period of 2019. The company, which operates the Brucejack Mine in British Columbia, listed net earnings were $6.2 million, or 3 cents, compared to $4.2 million, or 2 cents,...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Johns Hopkins University puts the total confirmed COVID-19 cases at 3.5 million, with more than 1.1 million in the US.Gold has dropped below US$1,700 an ounce on the spot market to $1,696/oz earlier.Commodities closed lower across the board on the London Metal Exchange on Friday as China entered a five-day holiday.Among the mining majors, Rio Tinto (LSE: RIO) closed 1.9% lower in London.In New Yor...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
In his latest interview with Jim Goddard on HoweStreet.com, Stewart Muir of the Resource Works Society looks at the future of copper and the role it could play in economic development. He finds that British Columbia produces enough copper each year to equip 5 million electric cars. He also suggests that copper could gain in popularity as a way to offer some protection against pathogens such as th...Read More
Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More
By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Bob Moriarty of 321gold discusses economic collapse and gold. I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be...Read More