Gold is lower again this morning. Some believe the trade wars are influencing the precious metals, which could be an underlying reason. However, markets really don't care about the news, trade wars or anything else. They are driven by human emotion. Gold and other markets don't trade by themselves; humans make the trade. Many will argue that high-frequency algorithm trades control price, but the a...Read More
Gold is lower again this morning.Some believe the trade wars are influencing the precious metals, which could bean underlying reason. However, markets really don't care about the news, tradewars or anything else. They are driven by human emotion.Gold and other markets don'ttrade by themselves; humans make the trade. Many will argue that high-frequencyalgorithm trades control price, but the algos a...Read More
BYD Co. is building what would become the world's largest vehicle-battery factory next year in an effort by the Chinese electric-car maker to increase capacity and help revive earnings growth.Read full newsRead More
June 26, 2018 Vancouver, British Columbia | Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, 'Sandstorm' or the 'Company') (NYSE American: SAND, TSX: SSL) is pleased to provide a summary of the results from the Hod Maden Pre-Feasibility Study ('PFS'). All figures are in U.S. Dollars and are on a 100% project basis unless otherwise stated. Sandstorm has a 30% interes...Read More
The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.Read full newsRead More
Exactly 2 years after replacing the existing diesel power station with a high-speed, gas-fuelled reciprocating engine station, Aggreko is now working with Gold Fields to introduce renewables at its Granny Smith gold mine in Western Australia.Aggreko won the contract to build and operate the 21MW powerRead full newsRead More
• Confirms a bearish break through a medium-term ascending trend-line, extending from extending from Jan. 2017 lows through lows touched in July/Dec. 2017. • An occurrence of a death cross on the daily chart (50-day SMA crossing the very important 200-day SMA from the top) adds credence to a fresh bearish breakdown. • Fo...Read More
Emerging markets - Russia in particular - are amassing gold in their foreign exchange reserves.Russia has been actively dumping Treasuries as have several other nations.The US dollar is clearly losing some of its appeal among foreign nations.Some investors may have been looking towards Bitcoin as a safe haven trade and may now rotate into gold now that the cryptocurrency has lost some of its shine...Read More
If past is precedent, stocks may struggle going forwardThe Dow Jones Industrial Average (DJI) has had an eventful week. Last Thursday concluded an eight-day losing streak for the index, just the 25th such streak over the past 100 years. Then on Monday, the Dow's remarkable streak of more than 500 days above its 200-day moving came to an end. Incidents like these make for good talking points by pun...Read More
Much maligned gold is set to stage a comeback as the dollar weakens, according to Pictet Wealth Management.Bullion will climb to $1,320 an ounce by the end of the year, said currency strategist Luc Luyet, which compares with about $1,256 on Wednesday. While trade tensions haven't yet provided much support, an escalation combined with a slide in the dollar could lift prices, Geneva-based Luyet said...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
India's space program wants to go where no nation has gone before -- to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.The nation's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and analyze crust samples for signs of water a...Read More
Gold fell to $1,253 in Asia - the lowest level since December 18. The RSI fell below 30.00 to show oversold conditions. Gold is likely losing its allure as a safe haven asset. The yellow metal fell to $1,253 in Asia - the lowest level since December 18 despite the rising odds of a full-blown trade war between the US and the rest of the world. Gold is also a currency with limited sup...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, said Wednesday it had received environmental permits to reopen its idled Obuasi mine in Ghana.The operation, which for years battled incursions by illegal miners, is expected to start gold production by the third quarter of 2019, at an initial cost estimated between $450 million to $500 millio...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, said Wednesday it had received environmental permits to reopen its idled Obuasi mine in Ghana.The operation, which for years battled incursions by illegal miners, is expected to start gold production by the third quarter of 2019, at an initial cost estimated between $450 million to $500 millio...Read More
The 'weaponized' yuan continues its collapse - back above 6.6 per USD for the first time since December and down 6% from the March highs...Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose on Tuesday after falling sharply on Monday, closing lower for the ninth time in 10 sessions. General Electric Co. (GE) was rising 8.5% on Tuesday after it said it would spin off its healthcare business and sell its stake in oil-services company Baker Hughes (BHGE) .Walgreens Boot...Read More
Chris VermeulenPosted Jun 26, 2018Over the past few months, our research team has authored many articles regarding the weakness in China/Asia as well as the recent rotation in the global markets as trade issues, debt issues, the G7 meeting and, more recently, concerns in the US and Europe regarding immigration and political issues create chaos in what was, just 18 months ago, a relatively calm glo...Read More