Aurion, Novo, Garibaldi, Equinox, Almadex, Almaden, Pretium, Tristar, Northern Dynasty, First Mining Finance, Gold Mining Inc, EMX RoyaltiesRead More
Gold is supported by friendlier macro forces in spite of fading risk aversion.Speculators cut their net long positions for a 3rd week in a row, the CFTC shows.ETF investors rebuild long positions in gold, albeit at a small pace, according to FastMarkets' estimates.Expect gold to remain in an uptrend thanks to friendlier macro forces in the months ahead.I am long IAU with a very long-term approach...Read More
Since gold has no intrinsic value and limited industrial applications, a position in gold is all about watching demand trends in the precious metal.Introducing a quantitative system for gold investing based on trend following and relative strength.Looking at the economic landscape, accelerating inflation could be a strong tailwind for gold.Gold as an investment is a very particular asset class. Th...Read More
The ratio tends to signal the path of prices.February 2018 looks a lot like 2016.Silver is like a rubber band.It has been a long time since we have seen a big move on the upside.Silver will attract speculative interest when it starts to move.Establishing whether the price of a commodity or any asset, is cheap or expensive is often a subjective exercise. I believe that use of those attributes is in...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 1.12 points to 829.19 Thursday.Matthew Wood's Australian-Mongolian-Canadian shell-making group has filed a preliminary prospectus to list its second capital pool shell, Spirit Banner II Capital Corp. The...Read More
Yamana Gold shares fall after the release of Q4 report.The story of disappointments continues.Expect to see Yamana's shares near $2.50 if gold price has some more downside.Yamana Gold (AUY) has recently reported its fourth-quarter results. The company has often disappointed its investors in the past and Q4 results were not an exception. The company booked another loss below analysts' expectati...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellFormer Swisher Hygiene Inc. chief financial officer Joanne Viard, who is in jail awaiting sentencing for a 2011 fraud, has lost her effort for release on bond. In denying her request, the judge cited two egregious drinking incidents that resulted in t...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellWalter Reissman, the "right-hand man" to Vancouver-linked fraudster Ed Durante in a pink sheets scheme, has asked for a non-custodial sentence, or one that does not include jail. He claims that his role in the fraud only came about after Mr. Durante u...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost 22 cents to $61.68 on the New York Merc, while Brent for April gained 17 cents to $65.42 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI...Read More
The latest news and price moves to start the Asian day on Friday February 23.Most base metals retreated on the London Metal Exchange on Thursday February 22, with the complex caught in a sell-off. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Wieland-Werke plans to acquire Aurubis' rolled-products division later this year, which is intended to ki...Read More
Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of 400-750 M ounces of Silver ("Ag") and 40-50 M pounds of Co were produced in the district. Power...Read More
Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet tra...Read More
The gold market is setting up for a perfect storm as the top mining producers' supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive correction. Due to the tremendous amount of leverage in the system, the coming market correction will be quite violent at times. If investors...Read More
Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of 400-750 M ounces of Silver ("Ag") and 40-50 M pounds of Co were produced in the district. Power...Read More
Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet tra...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsGlencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially.Wieland Group will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-prod...Read More
The benchmark cash/three-month spread in aluminium at the start of this week hit backwardation levels not seen since before the Global Financial Crisis, which is a landmark event but not necessarily a signal of a major shift in market dynamics.It is most probably a short-term aberration caused by the potent combination of February date shorts clashing with dominant longs but given added spice and...Read More
Tin was the only base metal to close in positive territory on the London Metal Exchange on Friday February 23, with the rest correcting lower.The three-month tin price ended $75 per tonne higher than the previous close, with unchanged all week at record lows of just 1,860 tonnes."Tin's fundamental backdrop remains positively skewed after the World Bureau of Metal Statistics (WBMS) reported a marke...Read More
I'm still trying to understand how this nation became so deeply embroiled in this idiotic investigation into "he said, she said" about the Russians interfering in U.S. politics. I can tie it back to the presidential election campaign when Hillary Clinton asserted, during one of the debates, that the Russians hacked her email. LOL. As it turns out, we know that is false.The only real connecti...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsGlencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially.Wieland Group will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-prod...Read More