Barrick Gold Corp. executives will have some explaining to do when the company releases full-year results Wednesday.Even with rising gold prices and a strengthened balance sheet, the world's largest gold producer left shareholders with the worst returns among its top North American peers last year and the third-worst performance in the 15-company BI Global Senior Gold Valuation Peers index.That's...Read More

Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More

Bob Moriarty ArchivesFeb 12, 2018We have just gone through an interesting two weeks in the markets. I tried to predict it in a piece I wrote back in January. I talked about how twelve commodities I track via the DSI were showing extremes of emotion. That's when markets tend to turn. Of the dozen commodities I said would turn, every single one did. I know of no other indicator that has ever showed...Read More

What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.Bitcoin clawed its way back from the four-month low of $5,922 it touched on Tuesday, rebounding 53 percent to $9,069. The S&P 500 Index and the Dow Jones Industrial Average both fell more than 5 percent this week, w...Read More

Steel billet prices in the global markets went down slightly or remained stable, except in Southeast Asia, during the working week from Monday February 2 to Friday February 9.In Southeast Asia, prices strengthened amid tight supply, while export prices out of Turkey, India and the CIS region remained largely stable over the past week.Meanwhile, billet prices in the import markets of Latin America,...Read More

Steel billet prices in the global markets went down slightly or remained stable, except in Southeast Asia, during the working week from Monday February 2 to Friday February 9.In Southeast Asia, prices strengthened amid tight supply, while export prices out of Turkey, India and the CIS region remained largely stable over the past week.Meanwhile, billet prices in the import markets of Latin America,...Read More

It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes royalty companies unlike GDX) lost 7%. After a strong start to the year, gold stocks have essentially given b...Read More

It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes royalty companies unlike GDX) lost 7%. After a strong start to the year, gold stocks have essentially given b...Read More

The USA has extended production tax credits for advanced nuclear power plants under a budget bill signed into law by President Donald Trump. The nuclear production tax credit is seen as an essential component for the completion of US plants already under construction and for first-of-a-kind small modular reactor (SMR) construction.Workers at Vogtle are briefed before the installation of unit 3's p...Read More

A feasibility study on constructing China's first nuclear plant for district heating is being carried out by China General Nuclear (CGN) and Tsinghua University. The plant would use the domestically-developed NHR200-II low-temperature heating reactor technology.An artist's impression of a plant based on the NHR200-II reactor (Image: CGN)China's National Energy Administration (NEA) recently organis...Read More

The copper price trading on the London Metal Exchange managed to hold on to most of its early morning gains to close $76 per tonne higher on Monday February 12. The three-month copper price is now trading back above $6,800 per tonne and the red metal continues to stabilize after falling to a two-month low after the equity market plummeted and the dollar recovered. The majority of metals closed in...Read More

Richard Harrington, parliamentary under-secretary of state at the UK's Department for Business, Energy and Industrial Strategy (BEIS), has given notice of the department's intention to seek an advance from the Contingencies Fund to provide financial cover to the Office for Nuclear Regulation (ONR).BEIS published draft nuclear safeguards regulations on 19 January, setting out the nuclear safeguards...Read More

Comex copper prices bounced back on Monday February 12 morning in the US due to a weaker dollar and the market stabilizing after heavy losses last week.Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 4.15 cents or 1.4% to $3.0750 per lb. On Friday, the contract tumbled to its lowest point since December 14, 2017.Base metals were driven lower last week whi...Read More

I wrote the following analysis on Amazon.com's GAAP accounting manipulation for Seeking Alpha...Amazon.com (AMZN) released its earnings on Thursday, February 1st after the market closed. The headline net income number was $3.85/share. This blew away Wall Street's estimate of $1.85/share, which is a bit peculiar since the traditional "beat the Street" earnings game is accomplished by guiding Wall S...Read More

The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More

Tungsten prices climbed higher last week in Europe amid tightening spot supply, while the Chinese market has started to wind down ahead of the week-long national holiday for Chinese New Year. China's tungsten market starts to wind down ahead of Lunar New Year Tightness in tungsten concentrate to continue in the first quarter ahead of China's National People's Congress scheduled for March&nbs...Read More

Chinese ferro-silicon prices have been flat over the past week before the Lunar New Year holiday, the European market dropped further amid slow demand and US prices were supported by supply tightness. Chinese activity pauses ahead of holiday  Slow activity in Europe prompts lower offer prices  Supply tightness underpins US market China holds steady before holidayChinese domestic fer...Read More

Teranga Gold (TGZ.TO) completed a successful 2017 wherein it produced just over 233,000 ounces of gold at its Sabodala project in Senegal. The higher gold price and good production results have increased the year-end cash position to $88M, which will allow the company to develop its next project; the Banfora gold project which has now been renamed into Wahgnion.You already know our opinion about W...Read More

Glencore's Pasar copper smelter has returned to operation after fixing a technical failure that led to a production halt last month, the company told Metal Bulletin."The problem has been resolved and the smelter is back online," Glencore spokesman Charles Watenphul said in an emailed statement. The spokesman declined to provide details on the repairs undertaken or comment on whether the 330,000 to...Read More

Arizona has a positive track record for ISR mining.Excelsior Mining (MIN.TO) has confirmed the Environmental Protection Agency ('EPA') has extended the public comment period on the permitting process of the Gunnison copper project in Arizona by an additional two months. This extension will facilitate a (final?) public meeting, scheduled for February 27th in the town of Dragoon, Arizona.After the e...Read More