Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More
Firesteel Resources Inc.(TSX.V:FTR) is a junior mining company, engaged in the acquisition and exploration of prospective precious and base metal properties in Finland and Canada. It is the owner of a 100% interest in the past producing Laiva Gold Mine near Raahe in Finland and holds a 49% interest in the Star Property, a highly prospective property in British Colombia and JV with Prosper Gold. We...Read More
Vancouver, British Columbia - April 3, 2018 (Newsfile Corp.) (Investorideas.com Newswire) M2 Cobalt Corp. (TSXV: MC) (the "Company") is pleased to provide an update on its initial phase of exploration in Uganda, where the Company holds 1,564 km2 of exploration licenses ("ELs") highly prospective for cobalt and related minerals. The ELs are in two distinct areas which the Company refers to as Bujag...Read More
David Stockman, director of the Office of Management of Budget under President Reagan and mas -ter of mazy budgetary arithmetic, joins Jim and Evan for a scintillating discussion of fiscal and monetary matters.0:00 The Simpsons foreshadowing3:20 Deficits and debt monetization. What's the harm?9:01 Requiem for a bond bull market15:30 Sell what the central banks are sellingJames "Jim" Grant is an Am...Read More
Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
Aurora Cannabis Inc. (TSX:ACB) continues to focus on enhancement and expansionSmallCapPower | March 29, 2018: Aurora Cannabis Inc. (TSX:ACB), headquartered in Vancouver, BC, produces and distributes medical marijuana products in Canada. The Company's core business focuses on sales of dried cannabis and cannabis oil. Also, Aurora Cannabis provides counseling and outreach services to assist patients...Read More
LONDON/NEW YORK (Reuters) - Spotify Technology SA (SPOT.N) shares surged following the largest-ever direct listing on Tuesday, giving the world’s leading streaming music service a market value of nearly $30 billion.Shares opened at $165.90, up nearly 26 percent from a reference price of $132 a share set by the on the New York Stock Exchange late on Monday.Spotify’s unusual route to pub...Read More
Osisko Metals Inc. (TSX-V: OM; FRANKFURT: OB5) is a Canadian exploration and development company creating value in the base metal space, with an emphasis on zinc. We learned from Jeff Hussey, President and CEO of Osisko Metals, that they control two premiere Canadian past-producing zinc camps, known as the Pine Point Mining Camp and the Bathurst Mining Camp. Plans for 2018 include aggressive explo...Read More
Road Town, British Virgin Islands - April 3, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the year ended December 31, 2017 of $3.2 million or $0.02 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Tuesday April 03, with prices up by an average of 0.7%. Copper, aluminium and nickel lead the advance with gains averaging 1.1% - with copper at $6,811 per tonne, followed by tin and zinc that are up by 0.7% and 0.3% respectively, while lead is bucking the trend with a 0.1% decline.Volume has been high wit...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
(Bloomberg) - Randgold Resources Ltd.'s celebrated ability to operate in Africa is being tested on all fronts, and it's taking a toll on the London-listed gold miner's stock.For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20 percent so far this year.Randgold made its reputation on i...Read More
Graceland UpdatesBy Stewart Thomson 1. Will this Friday's US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?2. Please click here now. Double click to enlarge. The US stock market suffered yet another "cardiac arrest" moment yesterday. 3. Market breadth has thinned horri...Read More
TomaGold Corporation (TSXV:LOT), a gold junior, climbed after announcing that IAMGOLD Corporation released results of the first mineral resource estimate for the Monster Lake joint venture projectSean Mason | March 28, 2018 | SmallCapPowerA resource with 'monster' grades sent a few speculators running to buy shares of a gold junior Wednesday. Here's some small stocks making big moves on Wednesd...Read More
Harry Dent wanted to provide Economy & Markets readers with a mid-day update on the markets. With the wild volatility we've been seeing recently, how do we make sense what's going on in the markets? Check out what Harry has to say...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates...Read More
South African engineering and construction group Murray & Roberts (JSE:MUR) unveiled Tuesday it had been awarded 3.7 billion rand (about $313 million) in mining projects located in sub-Saharan Africa, North America and Australasia.The company, currently subject of a takeover bid from Germany's ATON, said the awarded underground projects included diamond, gold, copper, salt and platinum mines. It a...Read More
Dear Friend of GATA and Gold:In an essay at the Monetary Metals blog headlined "Backwardation, the Bank of England, and Falling Prices" --https://monetary-metals.com/backwardation-the-bank-of-england-and-fallin...-- the firm's vice president of operations, Bron Suchecki, offers an explanation of one of the anomalies of the gold market, backwardation (when prices for immediate or spot delivery ar...Read More
Car stocks also had a big dayStocks finished the day higher, paring much of yesterday's sharp losses. A rebound in the tech sector helped send the major indexes higher, with FAANG stock Amazon (AMZN) shaking off another round of negative tweets from President Trump. The Spotify (SPOT) trading debut also made headlines, while car stocks surged on well-received monthly auto sales. The Dow managed t...Read More
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.Ongoing declines in Venezuela and concerns about heightened tension between the U.S. and Iran have significantly...Read More
WASHINGTON (Reuters) - A top Republican lawmaker involved in U.S. trade talks with Mexico and Canada said on Tuesday he was impressed by recent talks on the North American Free Trade Agreement and that the next round will be crucial.“I was real encouraged by what I saw. What they’re putting together is the nuts and bolts of a very good trade agreement where the U.S., frankly, does bett...Read More