Bond yields were on the rise again as Wall Street kicked off another trading week. Early Monday, Feb. 12, the yield on the 10-year Treasury note surged as high as 2.902%, tallying a new four-year record. Most recently, the 10-year note was yielding about 2.862% as it came off highs. U.S. stocks held on to gains despite the jump in yields. Rising bond yields come amid growing and sustained c...Read More
Wall Street futures were pointing to a positive open on Monday, as global markets advanced after markets fell to two lows last week on worries of faster inflation and rate rises in the U.S. U.S. markets looked set to start the week in positive territory, giving a reprieve to investors after markets last week saw their worst period in two years. Dow Jones Industrial Average and S&P 500 mini f...Read More
The latest news and price moves to start the Asian day on Tuesday February 13.Base metals prices on the London Metal Exchange generally moved higher on Monday February 12, with copper holding on to most of its early morning gains. Read more in our live futures report.Here are how LME prices looked at Monday's close:The physical iron ore market wound down further on Monday, with participa...Read More
Big news from the Federal Reserve this week.As new Fed Chairman Jerome Powell was taking his seat at the head of America's central bank amid a major market correction, a big decision in favor of the marijuana industry was buried in all the noise.Turns out the Fed just greenlit a new marijuana business.The Federal Reserve approved a master account for Fourth Corner Credit Union, a new Colorado-base...Read More
After two years of seemingly never-ending advances - with very few shallow pullbacks - the market has entered correction territory in record time.It reminds me of a quote from investing legend Warren Buffett:“For you see, Mr. Market is emotionally unstable. Some days he is cheerful and enormously optimistic... At other times, Mr. Market is discouraged and terribly pessimistic...”If Buf...Read More
James McNeil, professor emeritus of physics at Colorado School of Mines, was recently featured in an article about the physics of big air snowboarding in Scientific American. McNeil is the co-founder of the U.S. Terrain Park Council, a nonprofit dedicated to developing safer winter terrain park jumps using engineering design principles.From the article:Furthermore, the precise shape of the jump a...Read More
Shell shocked investors are searching for answers after last week's stock market plunge.Volatility returned with a vengeance. The financial media has also ratcheted up the noise to unprecedented levels. The financial fear factory is on full tilt.Fortunately, some folks kept a level head during last week's manic market action. If we want to live to fight another day in these markets, we need to tak...Read More
Jessica Smith, associate professor of engineering, design and society and co-director of the humanitarian engineering program at Colorado School of Mines, was recently featured in a news analysis about the challenges faced by women in traditionally male blue-collar jobs in The New York Times' Sunday Review.From the article:Jessica Smith, an associate professor at the Colorado School of Mines, stud...Read More
Gold miners have been punished severely throughout the correction process.While gold has declined by only 4%, GDX fell by more than 16% from peak to trough.However, gold's uptrend is well intact, prices are trending above $1,300, and gold miners have become much more productive and efficient in recent years.Moreover, the fundamental backdrop for gold remains extremely favorable, and what's...Read More
Gold sold off 2.4% last week in spite of a sharp equity sell-off. Where is the safe-haven bid?Speculators cut their net long positions for the second week in a row, the CFTC shows.ETF investors cut their gold holdings at the largest pace since July 2017, according to FastMarkets' estimates.But don't worry! Why gold is set to shine in the months ahead?I remain long IAU over the long term (12m). In...Read More
Northern Vertex is a solidly run company in a good mining district.The Moss Mine has solid financial fundamentals on cost and recovery, but this is not a superstar mine based on current resource estimates.Hidden value includes the additional resource potential in the land package and the likely upside swing in the silver price which this mine has plenty of.This is a moderate risk play, comparative...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 Will PurcellThe diamond and specialty minerals stocks box score for Monday was an upbeat 94-58-138. The TSX Venture Exchange rose 11 points to 825 while rough diamond prices fell 0.2 percent this week. Ken MacNeill and George Read's former Shore Gold Inc. began l...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 CaswellNew York prosecutors have asked a judge to impose a lighter-than-usual sentence on Walter Reissman, the "right-hand man" to Vancouver-linked fraudster Ed Durante during the VGTel Inc. fraud. They say that Mr. Reissman's co-operation with the governmen...Read More
The latest news and price moves to start the Asian day on Tuesday February 13.Base metals prices on the London Metal Exchange generally moved higher on Monday February 12, with copper holding on to most of its early morning gains. Read more in our live futures report.Here are how LME prices looked at Monday's close:The physical iron ore market wound down further on Monday, with participa...Read More
A new peer review service has been launched by the International Atomic Energy Agency (IAEA) to assist member states in the development of infrastructure for nuclear research reactors. The first Integrated Nuclear Infrastructure Review for Research Reactors (INIR-RR) mission was carried out last week in Nigeria.According to the IAEA, operation of a research reactor requires a national infrastructu...Read More
The US Nuclear Regulatory Commission's (NRC) proposed budget for fiscal 2019 includes nearly $50 million for work related to the proposed Yucca Mountain repository. President Donald Trump's FY2019 budget request for the Department of Energy (DOE) includes $120 million for Yucca Mountain and an interim storage programme for used nuclear fuel.The $971 million budget the NRC put to Congress focuses o...Read More
Weekly Reports |Feb 13 2018As the spot uranium price fell again last week, Morgan Stanley questioned the role of nuclear power in the future global energy mix.-Nuclear power being decommissioned globally-Carbon reduction targets still require a nuclear contribution-Uranium spot price falls as markets suffer a risk-off episodeBy Greg PeelAs the world's legacy nuclear plants age and the economics of...Read More
A summary of base metals premiums across the globe for the week to Tuesday February 13.Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 13, 2018Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world’s gold stocks!Pleaseclick here now. Double-click to enlarge this gold chart. I like the technical action b...Read More
Base metals prices on the London Metal Exchange were in positive territory across the board at the close on Tuesday February 13, after the complex was boosted by a weaker dollar and continued to rebound following last week's sell-off."LME base metals are showing their strength once again and pushing back up to the high levels seen before the sell-off. The market needs to stabilize back at these le...Read More