Ghanaian authorities have approved a $185-million partnership between South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) aimed at developing one of the West African country's newest gold mine.The Ghanaian Minister of Lands and Natural Resources' approval, said the companies, was the main hurdle they needed to clear to complete the previously announced joint venture dea...Read More
Volkswagen is investing USD$100m in QuantumScape to accelerate the commercialization of its solid-state battery business.Solid-state batteries are a rival technology to lithium-ion batteries with advantages such as higher energy density, enhanced safety, fast-charging capability and significantly less space requirements.A successful solid state battery could potentially decrease the need for cob...Read More
Gold (XAU/USD) hourly chart shows the upside break of a falling channel. A corrective rally will likely gather steam if metal finds acceptance above the 50-hour moving average. The long-run outlook remains bearish, the metal looks set to test $1,240. Hourly chart Chart source: Netstation Current Price: $1,267 Daily High: $1,269 Daily Low: $1,266 Trend: Corrective rally likely Resistance R1: $1,...Read More
We are rolling out a new press release alert feature for all subscribers. Going forward users with a Watchlist will be able to receive immediate press release alerts for companies on their list. This free service will cover press releases by 8 major newswire providers:ACCESSWIREBusinesswireCNWFSCwireGlobeNewswireNewsfilePRNewswireTheNewswireTo take advantage of this service, go to your Watchlist...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Thursday marking its eighth straight daily decline, the longest losing streak since March 2017.Intel Corp. (INTC) declined 2% as CEO Brian Krzanich resigned after it was revealed he had a past consensual relationship with an employee at the chipmaker.Micron Technology In...Read More
Jack ChanPosted Jun 21, 2018GLD – on sell signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on sell signal.***GDXJ – on buy signal.***Speculation is in bull market values.COT data is favorable for overall higher prices.Our ratio between gold and gold stocks has been effective in identifying the price action in both bull and...Read More
The Thursday Market Minute Global stocks mixed as trade war rhetoric eases, but risk aversion dominates trading.Oil slumps lower as OPEC preps for Friday decision on output in Vienna.Wall Street futures point to modestly higher open; Nasdaq may test new record highs.Dollar holds at 11-month highs; pound weakens ahead of Bank of England rate decision in London.Daimler warns on profits, cites trad...Read More
The latest news and price moves to start the Asian day on Friday June 22.Zinc prices on the London Metal Exchange fell by more than 2% by the close of trading on Thursday June 21, while sister metal lead struggled to find support amid an intensified trade war between China and the United States. Read more in our live futures report.Here are how prices looked at the close of trading:The L...Read More
The latest news and price moves to start the Asian day on Friday June 22.Zinc prices on the London Metal Exchange fell by more than 2% by the close of trading on Thursday June 21, while sister metal lead struggled to find support amid an intensified trade war between China and the United States. Read more in our live futures report.Here are how prices looked at the close of trading:The L...Read More
SHANGHAI, Jun 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index slipped and closed at 94.85 overnight with weaker-than-expected US economic indicators. US treasury yields also fell.LME metals saw mixed trading. LME zinc dropped over 2% and fell to the lowest since August 2017. Lead and tin dipped while nickel and alu...Read More
Investing.com – Gold prices fell on a stronger dollar on Thursday, hovering close to a six-month low as the U.S. Federal Reserve Chair confirmed an outlook for higher interest rates in the United States.Gold futures for August delivery on the?EUR?Comex?EUR?division of the New York Mercantile Exchange fell by $7.1 or 0.56%, to $1,267.40 a troy ounce by 1:13AM ET (05:13 GMT).?EUR??EUR?The U.S....Read More
The company reported high-grade quartz-vein gold in big rocks strewn over a large area at what it called its Aamurusko discovery, two years ago. Similar summer field season activity last year, with some phase-one drilling, identified potential connected mineralisation near the "extensive high-grade surface mineralisation" over the 15,000-hectare Risti project area.Aurion says Risti's geology shows...Read More
SHANGHAI, Jun 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index slipped and closed at 94.85 overnight with weaker-than-expected US economic indicators. US treasury yields also fell.LME metals saw mixed trading. LME zinc dropped over 2% and fell to the lowest since August 2017. Lead and tin dipped while nickel and alu...Read More
The latest news and price moves to start the Asian day on Friday June 22.Zinc prices on the London Metal Exchange fell by more than 2% by the close of trading on Thursday June 21, while sister metal lead struggled to find support amid an intensified trade war between China and the United States. Read more in our live futures report.Here are how prices looked at the close of trading:The L...Read More
While a steadily improving global economic outlook and better-than-expected growth have taken the lustre off gold, causing the yellow metal to plummet below the psychologically important US$1,300 per ounce mark, there are plenty of reasons to invest in the metal. Key among them are the emerging threats to the global economy and financial stability, including a potential trade war between the U.S....Read More
Today's calculator-worthy good news is that there are some healthy high-growth stocks on the TSX. We've singled out just five of them, and you'll find them ranked below, organized by a combined weighting of healthy balance sheets and future prospects.From lithium and gold to fuel cells and funeral services, these are some of the most ambitious stocks on the Canadian market. There are no dividends;...Read More
A quick method to gauge investor sentiment is to look at short positions. Investors who go short on a position expect the company's share price to tumble. They are said to have a bearish view on the company.What is short selling? It is to borrow shares, sell them, and expect to replace said shares you've borrowed at a lower price in the future. You would pocket the difference.The number of shares...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals on the London Metal Exchange ended mostly higher on Friday June 22, mounting a sustained fightback against the week-long dollar rally that fueled downward momentum across the complex.Nickel's three-month price finished above $15,000 per tonne and up 5% on its weekly low of $14,580 per tonne on June 19.With price rises supported by a downtrend in LME inventories - they are at their lowe...Read More