"On the last Friday (December 29) of the year, the TSX was trading at 17,152.73 - well above the 14,347.16 points the exchange was at on January 2 of this year.Here are the 5 top gainers on the TSX for the year https://t.co/SbVzv3hRad #topstocks #gold #copper #investing"Read full newsRead More
As gold continues its rally, it’s important for investors to position themselves early before the next major gain.There are a variety of catalysts for an increase to the price of gold during 2020, such as a peaking economy and stock market — similar to the period around 2008, when the price of gold more than doubled over the next three years.When these opportunities materialize, there...Read More
After enduring a tough few years, gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO) appears to have finally found its footing, soaring by 143% since the start of 2019 because of firmer gold prices and improved results. There are signs that Eldorado is poised to deliver further value for investors in 2020.Growing gold productionThe miner found itself struggling to survive at the start of 2019 as it batt...Read More
Gold is one of the best long-term investments to make, but gold stocks still carry substantial risk. Throughout 2019 gold has filled the headlines due to recession fears, inflation concerns, and rising commodities prices. Savvy Canadians may want to buy and hold some assets in gold in 2020, but may not know how to invest in gold in the stock market. Here’s a long-term comparison of the...Read More
Every time I go to California for an investment trip, something amazing happens...During my first trip, I flew into the John Wayne Airport, got into a taxi, and was immediately ushered to a nondescript warehouse. But it was no ordinary warehouse: it was filled with the most amazing treasures I had ever seen.I inspected a signed Babe Ruth baseball bat...I held a million-dollar stamp...I even interv...Read More
Red Lake District, northwestern Ontario, Canada. Photo by P199, Wikimedia Commons.Shares in Dixie Gold (TSX V: DG), formerly Clean Commodities Corp. skyrocketed 80% Tuesday, following the announcement that it had acquired a district-scale exploration project in the developing Dixie Gold District near Red Lake, Ontario. As a result, Dixie Gold has become one of the largest mineral claim owners...Read More
Joe Biden. (Image by Gage Skidmore, Flickr) Democratic presidential hopeful and former US vice president Joe Biden told unemployed miners, particularly those in the coal sector, to learn to code so that they can access the jobs of the future.According to Washington Post reporter Dave Weigel, at a rally in Derry, New Hampshire, Biden said that if miners are able to go underground 3,000 feet or thr...Read More
Image from Red Pine Exploration Inc. Red Pine Exploration (TSXV: RPX) announced Tuesday it has closed a private placement of approximately 25.9 million flow-through (FT) units and 82.1 million non-flow-through (NFT) units of the company - both at a price of C$0.035 per unit - for aggregate gross proceeds of C$3.78 million.Each FT unit comprises one flow-through common share of the company and one...Read More
Protest against Law 9209. (Image by PTP Mendoza, Twitter). It took less than 24 hours to effectively abolish a controversial mining law that sparked massive protests in the province of Mendoza in Argentina's western-central region.After announcing his decision to annul the law late last week, Mendoza's governor Rodolfo Su??rez presented a formal request before the legislature on Monday. With 34 v...Read More
Nuclear power plant cooling tower in Doel, Belgium. (Reference image by Trougnouf, Wikimedia Commons) Researchers at the Massachusetts Institute of Technology have developed a method to reduce the volume of contaminated water that needs to be disposed of in nuclear plants.In a paper published in the journal Environmental Science and Technology, the scientists said that the mechanism concentrates...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 31.Click on the above image...Read More
Small losses were seen across most of the London Metal Exchange base metals complex on the last trading day of 2019, with only tin bucking the trend. The LME three-month aluminium price dropped by $6 on Tuesday December 31 to close at $1,810 per tonne. "Cancelations have been the story for the past week, but the price doesn't care," an aluminium trader told Fastmarkets. "Into 2020, there...Read More
Chilean copper output fell by 6.7% year on year in November due to a combination of nationwide protests and operational problems, the country's national statistics institute INE said on Tuesday December 31.The country mined 504,366 tonnes of copper during November, in comparison with 540,720 tonnes in the corresponding month of 2018, when output was at a 13-year high, INE added."[Novembe...Read More
Bob Moriarty ArchivesJan 1, 2020While I happen to be a giant fan of theDaily Sentiment Index I also use a bunch of other signals. The DSI is the single best indicator I’ve found but there are dozens of other measures of investor sentiment. If you are a contrarian, you search constantly for some way of figuring out what investors are thinking. Investing at a profit is actually simple. The mob...Read More
Chilean copper output fell by 6.7% year on year in November due to a combination of nationwide protests and operational problems, the country's national statistics institute INE said on Tuesday December 31.The country mined 504,366 tonnes of copper during November, in comparison with 540,720 tonnes in the corresponding month of 2018, when output was at a 13-year high, INE added."[Novembe...Read More
Hebei Steel, China's second largest steel mill, released its purchase price for silico-manganese at 6,600 yuan ($944) per tonne for January delivery, up by 650 yuan per tonne from its December tender price, market participants told Fastmarkets. The price from Hebei Steel, which is for cargoes delivered to warehouse in mills, includes the value-added tax and is paid on acceptance, according to mark...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 31, 2019I predicted gold would bottom in mid-November and it did.Pleaseclick here now. Double-click to enlarge this fabulous daily gold chart. A lot of amateur gold investors have missed this rally.That’s partly because they thought the “smart money” was shorting a lo...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") and Integral Wealth Securities Ltd. (the "Agent") today announced the successful completion of the closing of a first tranche (the "First Tranche") of its brokered private placement offering (the "Offering") of convertible debenture units (the "Units") announced on October 10, 2019 for aggregate gross proc...Read More
Tender price cuts from major Chinese stainless steel mills last week, though broadly expected in the market, have caused the domestic spot ferro-chrome price in the country to fall to a 44-month low.Fastmarkets assessed the price of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China at 5,600-5,800 yuan ($801-830) per tonne on Friday December 27, down by 200-300 yuan per tonne - or 4.2% - from 5,800...Read More
- Dave KranzlerI'm growing more confident that we're on the cusp of a big move higher in the precious metals sector because of the Fed's massive money printing. Also, because the money printing and near zero interest rates are visibly not stimulating economic growth, we're at the point at which unless the Fed continues increasing the amount of money it puts into the system, the melt-up in the...Read More