Last week's price action may prove to be pivotal for the stock market"...it appears that the SPY and SPX are shaping up for another flat-to-slightly negative return through mid-July, relative to their respective June 12 closes... If SPX 2,740 and SPY $274 are not taken out relatively quickly, you will likely hear from technicians about the potential formation of a bearish head-and-shoulders patter...Read More
As we wrote on Friday, gold had at least another $20 to rally before it would find resistance. Gold is now up $15 from Friday's low and should start to run into some resistance. The $1,275 level should act as the first stopping point for this current rally. The rally -- whether it's real or just a dead-cat bounce from oversold conditions --should see some sellers come in between $1,275 an...Read More
As we wrote on Friday, gold hadat least another $20 to rally before it would find resistance. Gold is now up$15 from Friday's low and should start to run into some resistance. The $1,275level should act as the first stopping point for this current rally. The rally -- whether it's real orjust a dead-cat bounce from oversold conditions --should see some sellers comein between $1,275 and $1,280. Tha...Read More
CoeurMining, Inc.(NYSE: CDE) has upped full-year productionguidance. The company lists second-quarter production of 3.2 million ounces ofsilver and 94,052 ounces of gold, or 8.8 million silver-equivalent ounces.Output was higher than in the year-ago period at most Coeur mines. The companysays it hiked full-year production guidance to a range of 37.3 million to 40.5million silver-equivalent ounces,...Read More
Coeur Mining, Inc. (NYSE: CDE) has upped full-year production guidance. The company lists second-quarter production of 3.2 million ounces of silver and 94,052 ounces of gold, or 8.8 million silver-equivalent ounces. Output was higher than in the year-ago period at most Coeur mines. The company says it hiked full-year production guidance to a range of 37.3 million to 40.5 million silver-equivalent...Read More
Tiger Resources will not be selling its Democratic Republic of the Congo mining and exploration assets to Sinomine HK for $260M.Tiger Resources said on Friday that terms acceptable to the company were not acheived and it issued a notice of termination to Sinomine HK.The assets comprised of the Kipoi Project, Lupoto Project and La Patience permit. Announcing the sale in January, Tiger said it was f...Read More
Tiger Resources will not be selling its Democratic Republic of the Congo mining and exploration assets to Sinomine HK for $260M.Tiger Resources said on Friday that terms acceptable to the company were not acheived and it issued a notice of termination to Sinomine HK.The assets comprised of the Kipoi Project, Lupoto Project and La Patience permit. Announcing the sale in January, Tiger said it was f...Read More
LONDON (Reuters) - The Chinese yuan rebounded and the euro rose to its highest since June 14 on Monday as investors bought riskier assets following favourable U.S. jobs data last week and evidence that global trade tension has not yet slowed economic momentum.Investors appear to be ignoring the worsening trade conflict between the United States and China, preferring to focus on decent economic num...Read More
NEW MADRID COUNTY, Mo. (Reuters) - People don't talk about trade tariffs in this stretch of the Mississippi River basin, where grains and metals have paid the bills for generations.They skirt the subject at church fundraisers and sidestep it at Jerry's Caf?(C) and Quick Stop, where farmers and aluminum workers gossip about everything else.Here, the winners and losers in U.S. President Donald Trump...Read More
BEIJING (Reuters) - China's commerce ministry said on Monday that it will use funds collected from tariffs charged on imports from the United States to help ease the impact of U.S. trade actions on Chinese companies and their employees.The commerce ministry also said in a statement it will encourage companies to increase imports of products such as soybeans and vehicles from other markets.Beijing...Read More
YOKOHAMA (Reuters) - Nissan Motor (7201.T) said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes.Nissan said it had found sample test environments for emissions and fuel economy in final vehicle inspections at most of its factories in Japa...Read More
* Copper cash to threes discount narrows * Lead cancelled warrants at 50 percent (Recasts, adds comment, changes dateline from Melbourne)By Pratima DesaiLONDON, July 9 (Reuters) - Copper rallied on Monday alongside other commodities and equities as worries about growth receded, but an escalating trade dispute between the United States and China is expected to cap prices.Benchmark copper on the Lon...Read More
(RTTNews) - Barrick Gold Corp. (ABX, ABX.TO) said that it reached an enhanced strategic cooperation agreement with Shandong Gold Group Co. Ltd., deepening B...Read full newsRead More
Red Tiger Mining, formerly Zaruma Resources, is a Canadian mining company focused on the acquisition, exploration and development of copper and gold properties in Mexico. In Mexico, the company owns the San Antonio copper-gold project in Sonora sRead full newsRead More
Ongoing development drilling has returned exceptional lead, silver and gold grades.Read full newsRead More
ZURICH, July 9 (Reuters) - Swiss commodities company Blackstone Resources completed its listing on the Swiss Six Exchange on Monday, debuting with a share price of 13.5 Swiss francs per share.The commodities holding and trading company listed 42.7 million bearer shares to broaden its shareholder base and enable it to raise money for future acquisitions in the battery metal market, it said in a sta...Read More
BEIJING (Reuters) - China's foreign exchange reserves unexpectedly rose in June, bolstered by an increase in the value of its U.S. Treasury holdings in an otherwise volatile month for Chinese markets, which were battered by fears about a Sino-U.S. trade war.Reserves rose $1.51 billion in June to $3.112 trillion, compared with a drop of $14.23 billion in May, central bank data showed on Monday. Eco...Read More
BEIJING (Reuters) - Major Chinese ports have started clearing goods from the United States on Monday, as new tariffs on U.S. imports have gone into effect, three sources told Reuters, as a trade spat between Beijing and Washington escalated into an outright war last Friday.Customs officers had delayed the clearance of some U.S. goods on Beijing's penalty list last Friday, as they waited for offici...Read More
Written with material from Denham Capital news releaseDenham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa.Denham Capital says it will continue its strategy of partnering with management teams with proven track records to ac...Read More
Written with material from Denham Capital news releaseDenham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa.Denham Capital says it will continue its strategy of partnering with management teams with proven track records to ac...Read More