Crude oil futures moved higher onceagain during yesterday’s session, overcoming the upper border of the risinggreen trend channel for the third time in a row. While the futures finished theday above this resistance, the bulls didn’t manage tohold gained ground in full.Earlier today, the futures opened withthe red gap. This bearish development means invalidation of yesterday’sbrea...Read More
Mattress stuffers or bullion holders? Who fares better in a crisis? North American investors are divided between those who believe the decade-long stock market bull is going to keep running into the 2020s, and investors who, wary of something terrible happening, are hoarding cash and gold. The hopeful and the fearful The beacon hopeful investors are following is best symbolized by...Read More
Westarted yesterday’s analysis with the investigation of the Euro Index and goldprice in this European currency. Today, we’ll take a moment to analyze the goldmarket from the Indian point of view. Gold has a special place in the Indianhistory and culture, India is the second biggest “consumer” of gold (rightafter China). USA’sgold consumption is third biggest in the w...Read More
A week ago, Lagarde chaired the monetary policy meeting of the Governing Council of the ECB for the first time. An insightful press conference followed in the footsteps. What will her presidency imply for the ECB’s policy and the gold market precisely? Key Takeaways From First Lagarde Monetary Policy Meeting as ECB PresidentLast Thursday, the ECB held its December monetary policy meeting. Th...Read More
With many stocks moving higher in breakout fashion already, silver and GLD have been lagging.But, that may come to an end shortly.You see, silver seems to be setting up in a micro i-ii structure off the recent lows, whereas GLD is still below its last week high.However, even though GLD is below its last week high, the action we have seen lately has been quite corrective.So, this makes me lean towa...Read More
Brexit has become very likely due to result of the UK vote. But so what (gold- and currency-wise)? The uncertainty dropped significantly, and markets were able to sign a breath of relief (bearish for gold), but on the other hand Brexit itself increases the geopolitical turmoil (bullish for gold). Gold didn’t react decisively in the short run overall, but the European currencies: the euro, an...Read More
In recent weeks we’ve noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I’m going to share the one chart which I think will help us time that next move higher. In recent years...Read More
WILMINGTON – The Carnegie Institution of Washington, which has been doing scientific research for more than a century, filed lawsuits in New York alleging its patents for growing diamonds in a lab are being infringed by some top makers of such gem stones.The institute filed three complaints Thursday in Manhattan federal court against six companies, including Pure Grown Diamonds and IIa Techn...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 117 ct diamond from its Lulo alluvial mine, in Angola.The ASX-listed company on Thursday said that the gem-quality diamond was the fourteenth stone of more than 100 ct to be recovered at Lulo to date, and the first for 2020.Advertisement“The recovery of this gem-quality 117 ct diamond represents a positive...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesGold production increased 38.9% to 257,000 ounces from 185,000oz in 2018.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of the December Employment Report at 8:30 AM EST. Consensus for December Non-farm Payrolls was a drop to 165,000 from 266,000 in November. Actual was 145,000. Consensus for December Unemployment Rate was unchanged from November at 3....Read More
South Africa's Sibanye-Stillwater (NYSE: SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (NYSE: DRD), bringing the total stake in the gold tailings retreatment company to 50.1%.The deal is the single largest investment ever made by an individual shareholder in DRDGOLD, chief executive Ni?<
Nora Pincus, a partner at the international law firm Dorsey & Whitney, believes that the significant mergers and acquisition (M&A) activity in the metals and mining space in 2019 will continue into 2020. The Northern Miner reached Pincus in Salt Lake City, Utah.The Northern Miner: Do you think the market consolidation or M&A activity in the metals and mining industry that started in 2017, and cont...Read More
New ocean shipping regulations could have a big impact this year.Under International Maritime Organization (IMO) rules that came into effect on Jan. 1, emissions from fuel used in ocean carriers cannot exceed a 0.5% sulphur content.With sulphur content before the ruling at 3.5%, the switch to low-sulphur fuel is enormous, both as an undertaking and in its far-reaching effects. It is certainly unpr...Read More
Chile's Supreme Court handed another small victory to Barrick Gold (TSX: ABX; NYSE: GOLD) after rejecting an appeal by a local indigenous community asking for a revision of the water quality baseline in the area where the company's halted Pascua-Lama gold-silver project is located.The ruling confirms previous official reports determining that the Estrecho River's surface water quality had varied s...Read More
"Cold weather incoming for Canada. Likely will boost #AECO Canadian natural gas prices. Long (current price Jan 10,2020)Painted Pony $PONY $0.74Pinecliff Energy $PNE $0.155Peyto $PEY $3.54"Read full newsRead More
"$WIX - Strong Revenue Growth, Positive Free Cash Flow, And A Cash-Heavy Balance Sheet Make Wix A Solid Growth Investment. Sign up for updates on Seeking Alpha! https://t.co/15IYB45nlb #stocks #investing #economy"Read full newsRead More
"CEO Bentsur Joseph Provides Update to A2Z Technologies (@a2z_advanced) (#TSXV: $AZ) Canada #Shareholders [https://t.co/Yti5j1Tie0]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #technology #defense #utilities #robotics #cybersecurity #AI"Read full newsRead More
"1933 Industries (@1933Industries) (#CSE: $TGIF | #OTCQX: $TGIFF) Licenses Established Premium #Cannabis Company the Bloom Brand [https://t.co/7dYGQCF10g]#investing #stocks #stockmarket #trading #investors #news #cannabisnews #capitalmarkets #pot #potstocks #business #cannabis"Read full newsRead More
"$SP500 - 'The Clocks Stopped At 1:17': The Week The Earth Stood Still. Get more updates here: https://t.co/EAfa1zwZF9 #economy #business #trading"Read full newsRead More