Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) are trading at 12-month highs, and investors are wondering if more gains could be on the way for these long-suffering stocks.Let's take a look at the current situation to see if Baytex and Cameco deserve to be in your portfolio.BaytexBaytex has surged from close to $3 per share in early March to $6. That's an impressive m...Read More
Silver continues to languish, despite gold remaining firm and trading at over US$1,300 per ounce. While the global economic outlook is upbeat, which is not a positive for precious metals, rising geopolitical tensions in the Middle East bode well for gold and silver.Another factor that will give silver a boost is rising industrial demand for the white metal. Because of its conductive properties, si...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extremely...Read More
Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More
U.S. dollar strength has been prevalent throughout this year. Its effect has resulted in strong headwinds for the precious metals complex. Dollar strength has been the most significant force involved with limiting any real upside movement. On February 16, the dollar index traded to the lowest price point this year when it reached 88.15. From February up until this week, the dollar has gained almos...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ENTERS INTO AGREEMENT TO ACQUIRE SHARES OF NOVO RESOURCES CORP.Kirkland Lake Gold Ltd.has entered into a share purchase agreement with Artemis Resources Ltd. to acquire four million common shares of Novo Resources Corp. at a price of $5 per share for a total purchase price of $20-million. The Acquisition is scheduled to close on or before May 31, 2018.C...Read More
(Kitco News)- There is a severe mismatch between the long-term problemsour society faces and the short-sightedness of our policymakers, according toNew York Times best-selling author, Dambisa Moyo.The celebrated economist, who serves on the boards ofBarclays Bank and Chevron, argued that liberal democratic government systemshave not been conducive to solving the world’s most pressing socio-e...Read More
May 11, 2018 Guest(s): Dambisa Moyo There is a serious mismatch between the long-term problems our society faces and the short-sightedness of our policy makers, according to New York Times best-selling author, Dambisa Moyo. "These long-term economic challenges from demographics, to income inequality, to natural resource scarcity, and issues around debt...these are long-term economic issues that...Read More
Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More
(Kitco News)- Althoughzinc prices have dropped from their recent five-year highs, the market dynamicsare not expected to shift anytime soon and with little new production on thehorizon, the focus is returning to Ireland, a leading jurisdiction in thebase-metals space.Despitebeing one of the top mining jurisdictions in the world, Ireland has not been amajor focal point in the mining sector, until n...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ENTERS INTO AGREEMENT TO ACQUIRE SHARES OF NOVO RESOURCES CORP.Kirkland Lake Gold Ltd.has entered into a share purchase agreement with Artemis Resources Ltd. to acquire four million common shares of Novo Resources Corp. at a price of $5 per share for a total purchase price of $20-million. The Acquisition is scheduled to close on or before May 31, 2018.C...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extremely...Read More
(Kitco News)- The gold market has been fairlyresilient in the face of a three-week rally in the U.S. dollar and now thatmomentum in the greenback is starting to weaken, analysts say that gold has an opportunityto push back to the top end of its trading range.Ending a three-week losing streak, goldprices are looking to close the latest week with modest gains. June goldfutures last traded at $1,321....Read More
(Kitco News) - WallStreet and Main Street are both heavily bullish on the near-term direction ofgold prices, based on the Kitco News weekly gold survey.Thetraders and analysts who take part in the Wall Street poll cite mostlytechnical-chart factors - in particular, gold’s ability to hold around the200-day moving average and the psychologically important $1,300-an-ounce levelduring a recent p...Read More
The UK's Office for Nuclear Regulation (ONR) has laid its latest Corporate Plan before Parliament in which it lists its ten priorities for 2018-2019. These include developing a new regime to meet safeguarding obligations following Parliament's decision to exit Euratom, along with measures to support the implementation of new emergency planning arrangements as a result of the Basic Standards Direct...Read More
(Kitco News) - Gold prices have lost their modest early gains in late-morning actionFriday. Generally weaker prices across the raw commodity futures spectrum areprompting a bit of selling interest in the precious metals markets. A lack offresh, bullish fundamental news for the gold and silver traders is also addingsome downside pressure. Junegold was last down $1.40 an ounce at $1,321.00. By Jim W...Read More
Base metals on the London Metal Exchange ended the week predominantly higher at the close of trading on Friday May 11, although aluminium fell 2% and edged below its $2,300 per tonne support level. The light metal fell to a low of $2,263.50 per tonne over the course of the afternoon, while its cash/three-month spread has widened into a contango of $10 per tonne, from $4.75c per tonne earlier in th...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Average daily volumes (ADV) on the London Metal Exchange rocketed as much as 63.2% year on year for the month of April, with aluminium's ADV difference soaring 117.5% higher, according to the bourse's latest monthly trading report. The LME's monthly trading report includes a breakdown of ADV, with its latest report excluding unallocated trades (UNA) for each metal. An UNA trade is a new service th...Read More
PretiumResources Inc. (TSX, NYSE: PVG), which is ramping up the Brucejack Mine inBritish Columbia, reports an adjusted profit in the first quarter. Productiontotaled 75,689 ounces of gold and 94,730 ounces of silver, with officialsreporting that output improving steadily through the first quarter. There is nocomparable information from the year-ago quarter since Brucejack achievedcommercial produc...Read More