Moroccan King Mohammed VI will sign a series of investment agreements in a visit to Congo Republic this weekend, Environment & Tourism Minister Arlette Soudan-Nonault said.Mohammed will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund, Soudan-Nonault said by mobile-phone text message on Thursday from the capital, Brazzaville. The monarch w...Read More
The opinions expressed here are those of the author, a columnist for ReutersLONDON, April 26 (Reuters) - "Our industry is going to suffer from disruption, distortion and damage. April 2018 has not been a good month for aluminium globally."That was the view of Ron Knapp, secretary-general of the International Aluminium Institute (IAI), in his opening address to CRU's World Aluminium Conference in L...Read More
(Bloomberg) - A little-known Chilean company that until recently churned out mostly crop nutrients may hold a key to the future of electric-vehicle production. And a Chinese mining company is standing ready, poised to grab a big piece of it.Soc. Quimica & Minera de Chile SA sits on the world's richest deposit of lithium. It already produces more than 20 percent of the global supply and is about t...Read More
Russia's leading coal producer, SUEK, has joined the World Coal Association (WCA), the only body acting internationally on behalf of the global coal industry. With 15 underground mines and 12 open pits in Siberia and the Far East of Russia, SUEK is one of the world's largest coal companies that produces higher-quality enriched coal."As the WCA continues to demonstrate the vital role coal plays in...Read More
Stocks can be classified in two ways: cyclical or defensive, depending on how they react to business cycles. You shouldn't invest in only one of these, as cyclical stocks will sometimes outperform defensive stocks, and sometimes the reverse will happen.Let's look at the best moment to invest in cyclical stocks and the best time to pick defensive stocks.Cyclical stocksAs the name suggests, cyclical...Read More
The gold miners' stocks have mostly been consolidating low this year, exacerbating bearish sentiment. Even with gold grinding higher in a solid uptrend and nearing a major upside breakout, the gold stocks just can't get any love. But that may be about to change, with gold and its miners' stocks in the midst of their spring rally. Strong seasonal tailwinds make May one of the best months of the yea...Read More
Even though easing tensions in the Middle East and the diminished threat of a global trade war have caused gold to soften in recent weeks, investors should still consider bolstering their exposure to the yellow metal. Not only is gold still trading above the psychologically important US$1,300-per-ounce mark, but for a millennium or more, it has been considered to be a tangible and portable store o...Read More
Mr. Ian Klassen reportsGMV MINERALS INC.'S INDEPENDENT CO-AUTHORS REQUIRE 2-3 ADDITIONAL WEEKS TO COMPLETE THE UPDATED MINERAL RESOURCE ESTIMATEGMV Minerals Inc.'s two independent co-authors, engaged to update the company's mineral resource estimate, will require two to three weeks of additional time to complete and submit their report. Dr. D.R. Webb, PhD, PGeo, PEng, the company's acting project...Read More
The Critical Investor profiles a miner that is ramping up its gold mine in Nevada on time and on budget.Pan Mine, Nevada1. IntroductionFiore Gold Ltd. (F:TSX.V; FIOGF:OTCQB) has progressed its Pan Mine in Nevada, U.S. in a very steady fashion, on time and on budget. Exploration for additional resources (and hopefully years of mine life as well) has been successful so far, and a new COO has been...Read More
Goldcorp Inc. (TSX:G)(NYSE:GG) just reported Q1 2018 results that came in a bit weaker than analysts expected.Let's take a look at the company as well as the broader situation in the gold market to see if Goldcorp deserves to be on your buy list right now.Financial resultsGoldcorp generated Q1 2017 net earnings of US$67 million, or US$0.08 per share, compared to US$170 million, or US$0.20 per shar...Read More
While gold prices are off their highs of the year, the geopolitical climate remains fraught with tension and risk.In the past, gold prices have followed the tried-and-tested pattern of being inversely related to the U.S. dollar, so if the dollar declined, gold went up; if the dollar strengthened, gold went down.In late 2011, gold prices peaked at close to $1,900 per ounce, as the U.S. dollar fell...Read More
Althoughthe dollar traded fractionally lower on the day, it is the highs achieved todayalong with the inability to sustain those new price highs that created a singleday candlestick known as a shooting star.Thiscandlestick is a member of the umbrellagroup of patterns, which contain the hammer, hangman, inverted hammer, andshooting star. The hammer and hangman, as well as the shooting star andinver...Read More
(Kitco News)- As the saying goes: “God is in the details,” and gold investors willhave a lot of details to sift through next week that will see two criticaleconomic events.Not only will markets have to navigate a Federal Reserve monetary policymeeting, but April employment data on Friday will also add to the volatility.However, some analysts are skeptical that the events will be able t...Read More
Most people start to invest for their retirement many years before it begins, so they can have enough money to live comfortably during their old age. However, if you want to retire rich, you must choose your stocks carefully, as soon as you began to invest to profit from the compounding of returns.I'll suggest three stocks that are undervalued relative to their growth perspectives. The price of th...Read More
Teck Resources Ltd (TSX:TECK.B)(NYSE:TECK) stock reported another strong quarter earlier this week, giving investors much to be excited about.Strong production, lower costs, and strong liquidity characterize the quarter - well, all that has pretty much characterized Teck for some time now.There are many reasons to invest in base metals stocks these days.One is the supply constraints that have resu...Read More
Apr 27, 2018 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Investors should seek downside protection when buying gold, said Phil Streible, senior mark analyst at RJO Futures. "I'd look at buying some protection like a $1,300 put in gold, and then trying to buy it as close to that 200-day moving average as possible: $1,308 an ounce, to $1,312 an ounce, somewhere in that range....Read More
Mr. Ian Klassen reportsGMV MINERALS INC.'S INDEPENDENT CO-AUTHORS REQUIRE 2-3 ADDITIONAL WEEKS TO COMPLETE THE UPDATED MINERAL RESOURCE ESTIMATEGMV Minerals Inc.'s two independent co-authors, engaged to update the company's mineral resource estimate, will require two to three weeks of additional time to complete and submit their report. Dr. D.R. Webb, PhD, PGeo, PEng, the company's acting project...Read More
CNBCCommerce Secretary Wilbur Ross holds up a can of Campbell's Soup during an interview with CNBC, explaining that a 25% tariff on imported steel would only raise prices by a few pennies. The numbers: The final reading of the University of Michigan consumer sentiment index was 98.8, up from the initial reading of 97.8 but still below March's level of 101.4. Current economic conditions fell s...Read More
(Kitco News) - Sentimentin the gold market is mixed as Wall Street is bearish while Main Street isbullish on the short-term outlook for gold prices, based on the Kitco Newsweekly gold survey.Themarket professionals who took part in the Wall Street survey look for furthergold declines on signs of peace on the Korean Peninsula, which would mean lesssafe-haven buying of the precious metal. They also...Read More
Consumption weakest since 2013; business spending still solidPrivate wage measure has fastest annual increase since 2008Bloomberg's Michael McKee reports on the GDP numbers.U.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid...Read More