Recent News

Deals of the day- Mergers and acquisitions

January 02, 2018 / www.kitco.com

(Adds Swala Oil and Gas, CanniMed)Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: ** Tanzania's Swala Oil and Gas will buy up to a 40 percent stake in Orca Exploration Group's PAE PanAfrican Energy Corp. for $130 million, Swala said. ** Medical marijuana company CanniMed Therapeutics Inc said it had entered into an agreement with Up...Read More

GLENCORE : Sells Australian Coal Mine to GFG Alliance

January 02, 2018 / www.4-traders.com

By Robb M. StewartMELBOURNE, Australia--Glencore PLC has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate that last year picked up steel and iron-ore mining assets in the country. Glencore said the deal for its Tahmoor mine remains subject to state government approval and is expected to be completed this quarter. No financial details were di...Read More

EMERGING MARKETS-Strong growth data lifts emerging stocks to 5-1/2-yr high

January 02, 2018 / www.kitco.com

By Sujata RaoLONDON, Jan 2 (Reuters) - Emerging stocks surged one percent on Tuesday to the highest in 5-1/2 years, lifted by a weak dollar, data indicating robust economic growth and bullish commodities.Many emerging market country currencies also hit multi-week peaks.The first trading day of the year saw emerging stocks and bonds extend the previous year's gains, especially after purchasing mana...Read More

Belgium raises 2.19 bln euros in short-term debt auction

January 02, 2018 / www.kitco.com

BRUSSELS, Jan 2 (Reuters) - Belgium raised 2.185 billion euros ($2.64 billion) in an auction of short-term treasury bills on Tuesday with negative yields for both maturities sold, the country's debt agency said.Three- month treasury bills, the most frequently auctioned maturity, yielded a negative 0.621 percent, while six-month bills were sold for a negative yield of 0.615 percent.Investors have p...Read More

Brazil's Vale to retain control of port, receive $1.15 bln in Mosaic deal

January 02, 2018 / www.kitco.com

SAO PAULO, Jan 2 (Reuters) - Vale will conclude the sale of a fertilizer unit to the Mosaic Company with adjustments on Jan. 8, the Brazilian miner said in a securities filing on Tuesday.Vale said it will retain control of the TIPLAM port terminal, an asset which was originally included in the deal, and will receive $1.15 billion plus 34.2 million shares in Mosaic Co , equivalent to 8.9 percent of...Read More

India gold imports surge 67 pct in 2017 on restocking, retail demand -GFMS

January 02, 2018 / www.kitco.com

By Rajendra JadhavMUMBAI, Jan 2 (Reuters) - India's gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.The rebound in purchases by India, the world's second-biggest consumer of gold after China, could support global prices , which are already ne...Read More

FOREX-Dollar begins year on back foot as euro shines

January 02, 2018 / www.kitco.com

* Euro's 2-1/2 peak against dollar within sights* Commodity currencies rally again* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 2 (Reuters) - The euro climbed to a four-month high against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture in the euro zone.It finished 2017 with its best year against the dollar since 2003...Read More

RT @PopescuCo: #Gold begins 2018 on a firmer note on strong technicals

January 02, 2018 / reut.rs

Gold prices hit over 3-month highs onTuesday, supported by technical factors after the precious metalbroke through strong resistance last week.FUNDAMENTALS* Spot goldrose 0.2 percent to $1,305 an ounce at0114 GMT, having hit its highest since Sept. 26 at $1,307.63earlier in the session.* Gold benefited from technically driven momentum afterclosing above its 100-day moving average last week and bre...Read More

RT @PopescuCo: Oil marks highest January opening price since 2014

January 02, 2018 / www.reuters.com

Oil prices had their highest January opening since 2014 on Tuesday, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand.Read full newsRead More

Marlin Gold Mining : IIROC Trade Halt - Marlin Gold Mining Ltd.

January 02, 2018 / dlvr.it

The following issues have been halted by IIROC:Company: Marlin Gold Mining Ltd.TSX-V Symbol:MLNReason:At the Request of the Company Pending NewsHalt Time... | d?cembre 22,2017Read full newsRead More

This past week in gold

January 02, 2018 / www.321gold.com

Jack ChanPosted Jan 1, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation recovered sharply from the lowest level in years.The breakdown on USD this week is supportive for overal higher metal prices in coming weeks.Summa...Read More

Moroccans continue to protest against the "mines of death"

January 02, 2018 / www.mining.com

On December 31, residents of Jerada, in northeastern Morocco, braved the winter cold and stayed on the streets late into the night in what was the ninth day of continued rallies in demand for jobs, social development and government intervention in what the call "the mines of death." This time, protesters showed up dressed as miners, had their faces and hands blackened and were carrying black loave...Read More

5 Reasons Gold Stocks Will Breakout in 2018

January 02, 2018 / www.miningfeeds.com

There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that low...Read More

5 Reasons Gold Stocks Will Breakout in 2018

January 02, 2018 / www.miningfeeds.com

There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that low...Read More

WEEKLY BASE METAL PREMIUMS REPORT 02/01

January 02, 2018 / www.metalbulletin.com

A summary of base metals premiums across the globe for the week to Tuesday January 2.Read More

LIVE FUTURES REPORT 02/01: LME lead, zinc start 2018 in bullish mood; base metals consolidating

January 02, 2018 / www.metalbulletin.com

Base metals prices were on divergent paths at the close on the London Metal Exchange on Tuesday January 2 while most prices tried to consolidate recent gains. Zinc was one of the strongest performers today, hitting a high of $3,352 per tonne - the highest since August 2007. Lead followed its sister metal higher, closing up 2%. "Zinc has opened 2018 in a bullish mood; still, falling LME stocks sugg...Read More

2018:The Most Golden Year

January 02, 2018 / www.321gold.com

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 2, 2018The world’s most awesome asset is taking the world gold community into the new year with grand style. Pleaseclick here now. Double-click to enlarge. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!The bull wedge pattern is bo...Read More

LIVE FUTURES REPORT 02/01: Comex copper price starts new year on wrong foot

January 02, 2018 / www.metalbulletin.com

Comex copper prices consolidated in the US morning on Tuesday January 2 after trading around a four-year high at the end of 2017. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.20 cents or 0.4% to $3.2885 per lb. Earlier today, prices were in positive territory after Chinese manufacturing data surprised to the upside. But after closer inspection and...Read More

Is Sub-Prime Auto Loan Armageddon Coming?

January 02, 2018 / investmentresearchdynamics.com

I experienced a real eye-opener this past week. The lease on my fiance's Audi A3 terminates soon. I was scanning the "pre-owned" inventory at the two largest Audi dealers in Denver expecting to see some good deals on 2013/2014 Audi A4's that had come off lease. Instead, I was shocked to see at both dealers a large selection of 2016/2017 A4s with less then 20k miles. Some under 10k miles. I even sa...Read More

MARKET REPORT: High-grade manganese ore prices dip with silico-manganese futures

January 02, 2018 / www.metalbulletin.com

High-grade manganese ore prices edged lower on Friday December 29 as fresh customs data showed rising imports to China and silico-manganese futures prices looked weaker. Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 5 cents to $6.88 per dry metric tonne unit (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rolled over at $5.79 per dmtu, equivalent to $...Read More

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