Base metals prices on the London Metal Exchange were weaker across the board by an average of 0.6% this morning, Thursday April 26. Aluminium, nickel and zinc led the decline with losses ranged between 0.7% and 1%, while the rest were all down by 0.3%, with the three-month copper price at $6,955 per tonne.This follows a mixed performance on Wednesday when consolidation set in following recent week...Read More
Ireland-headquartered drilling products manufacturer Mincon (AIM:MCON) is improving profit margins on rising sales, according to Dublin-based stockbroker Davy, after the company reported a 34% year-on-year increase in first quarter revenues.Staff reporter Nordic market helping drive Mincon revenue growth26 APRIL 201826/04/2018commentsshareMincon said this week recent acquisitions had contributed l...Read More
Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver remain in place. Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long-term. The gold sector is on a short-term buy signal. Short-term signals can last for day...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Source: Clive Maund for Streetwise Reports 04/25/2018 Technical analyst Clive Maund discusses the trend of earnings relative to stock market cycles. -->Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the governme...Read More
Canadian miner Agnico Eagle Mines Ltd on Thursday said it is planning to divest all of its cobalt assets in Canada and that it sold some gold interests in the United States.Agnico said it also started a strategic review on selling about 2,100 hectares of the Coleman and the South Lorrain cobalt-rich properties in Canada.The company sold its gold interests in Nevada to a unit of Newmont Mining Corp...Read More
Amazon, Intel, and Microsoft rallied ahead of earningsA solid day of earnings sent U.S. stocks highertoday, with the Dow managing its second day of gains. Among the big earnings winners were Facebook (FB), Advanced Micro Devices (AMD), and Visa (V), the latter of which paced the blue-chip rally. Tech stocks also enjoyed a rebound, with Intel (INTC), Amazon (AMZN), and Microsoft (MSFT) slated to re...Read More
(Kitco News) - Gold and silver prices are once again falling victim to a stronger U.S. dollar , as prices late Thursday morning have dropped totheir session lows. Gold sunk to another four-week low. The U.S. dollar indexis trading near its daily high and has hit another 3.5-month high today. June gold futures were last down $3.00 an ounce at $1,320.00. By Jim Wyckoff For Kitco NewsFollow @jimwycko...Read More
CloseGain/LossGold $1317.50-$5.60Silver$16.52-$0.04XAU82.52+0.07%HUI180.53-0.17%GDM630.18+0.33%JSE Gold1095.67+0.56USD91.59+0.39Euro121.06-0.68Yen91.60+0.07Oil$68.19+$0.1410-Year2.982%-0.044T-Bond142.46875+0.71875Dow24322.34+0.99%Nasdaq7118.68+1.64%S&P2666.94+1.04% The Metals: Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close,...Read More
A Canadian silver mining company releases its 2017 financials and news on what is the highest-grade undeveloped asset in the world. MAG's Juanicipio JV ProjectMAG Silver Corp. (MAG:TSX; MAG:NYSE.American), a Canada-based silver mining company, released its 2017 financials late Q1 2018. In a recent report, the company says it has "cash and cash equivalents totaling US$160.4 million as at December...Read More
Jim Rogers on the state of the markets and the future of blockchain.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records...Read More
It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium.Lithium, or “white petroleum” as some call it, has become a crucial element in today’s high-tech economy.Demand for lithium is soaring, and producers are frantically searching for new sources of supply. Prices have doubled...Read More
LONDON, April 26 (Reuters) - Kazakhstan-focused Kaz Minerals will scrap its secondary listing in Hong Kong because of a lack of appetite from investors, the company said on Thursday.Since the 2011 secondary listing only a small number of shareholders have elected to hold their stock on the Hong Kong register, Kaz Minerals said.Trading in Kaz Minerals' Hong Kong shares, which represent only 0.03 of...Read More
Cowen, Guggenheim, and Canaccord Genuity all upgraded CMGThe U.S. stock market is soaring today, thanks to a strong batch of corporate earnings reports. Included in the bunch are burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG), electronic payments processor PayPal Holdings, Inc. (NASDAQ:PYPL), and chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD). Here's a closer look at how shares of CMG,...Read More
DETROIT (Reuters) - U.S. proposals on rules of origin that govern what percentage of a car needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower U.S. vehicle sales and hurt U.S. car exports, according to a study released on Thursday.According to the study, compiled by the Michigan-based Center for Automotive Research (CAR), the current proposals on rul...Read More
Nickel intermediates could provide the most cost-effective means of bringing on-stream additional class one nickel units to serve the growing battery market, according to Frank Nikolic, head of base metals intelligence at Vale. Nickel demand from the battery sector could increase to 1.8 million tonnes by 2030 from 700,000 tonnes by 2025, according to Vale's upside forecast. Its more conservative f...Read More
- Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold- Only short-term movements in gold are 'heavily influenced by US interest rates'- Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price- New findings will reassure gold investors that there...Read More
Analyst Andrew Kaip with BMO Capital Markets relayed this Canadian precious metals company's latest accomplishment. Gold and silver barsIn an April 23 research note, Andrew Kaip, an analyst with BMO Capital Markets, reported that Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) achieved "a key milestone" with its Back River project in Nunavut by finalizing with the Kitikmeot Inuit Assoc...Read More
Think back to the late 1980's when the plague of securitization started. It became a way to turn liabilities into assets. But not really. Would the housing bubble have blown up the way it had? Would auto, student and credit card bubbles have been blown up to the extent they are currently? Probably not. We also talk about internet privacy and speech. It's all part of the same puzzle. Portfolio Man...Read More