Ahead of the US presidential election great hopes were pinned on the performance of the gold price should Donald Trump prevail. A few analysts saw a Trump victory sending gold to $1,500 or well beyond.After a brief surge to $1338 an ounce on election night, gold's nearly $180 an ounce collapse has unnerved the entire sector - even those companies enjoying the bounce in base metals that started wa...Read More
Chile contains half of the world's most "economically extractable" reserves of lithium. (Image courtesy of University of Chile)Chinese and Korean investors are said to be in advanced talks with the Chilean government to open up a $2 billion mega-lithium batteries plant in the country's north, known for its vast salt flats under which experts say there is enough of the commodity to supply the worl...Read More
On Tuesday, December 6, 2016, the nation will pay tribute to the American miner, both past and present, on National Miners Day. This day was proclaimed in 1907 by the Mine Safety and Health Administration (MSHA) and Congress in 2009 to commemorate a 1907 explosion at the No. 6 and No. 8 mines in Monongah, West Virginia, killing 362 miners. This incident still stands over a century later as the wor...Read More
I'm sure most of you have, like me, spent too much time reading and thinking about this issue in recent weeks. The first half of the year was so fun, so rewarding, with all the arguments for gold proving true. It is much less fun now seeing gains erode, seeing gold break down through technical barriers, seeing the US dollar rise and rise, and seeing US equities maintain a seemingly endless bull ru...Read More
LONDON, Dec 6 (Reuters) - European shares edged lower in early trading on Tuesday, with commodities-related stocks coming under pressure following a drop in prices of crude oil and industrial metals.The pan-European STOXX Europe index .STOXX was down 0.2 percent. Italy's FTSE MIB .FTMIB was trading flat after finishing down 0.2 percent on Monday following political jitters in Italy.The STOXX Europ...Read More
(Adds compay items)Dec 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening between 4 and 14 points lower on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.1 percent ahead of the cash market open.* The UK blue chip index closed up 0.2 percent on Monday at 6,746.83 points, with basic resources stocks leading the market higher as prices of industrial metals such as cop...Read More
Dec 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening between 4 and 14 points lower on Tuesday, according to financial bookmakers.* The UK blue chip index closed up 0.2 percent on Monday at 6,746.83 points, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. BARCLAYS: British bank Barclays Plc BARC.L has joined the list of top bank...Read More
House Pushes Ahead with $611 Billion Defense Policy Bill ... The Republican-led House is pushing ahead with a $611 billion defense policy bill that prohibits closing the prison at Guantanamo Bay, Cuba, forbids the Pentagon from trimming the number of military bases and awards U.S. troops their largest pay raise in six years. -Business InsiderThe Pentagon is about to reap a generous windfall of re...Read More
House Pushes Ahead with $611 Billion Defense Policy Bill ... The Republican-led House is pushing ahead with a $611 billion defense policy bill that prohibits closing the prison at Guantanamo Bay, Cuba, forbids the Pentagon from trimming the number of military bases and awards U.S. troops their largest pay raise in six years. -Business InsiderThe Pentagon is about to reap a generous windfall of re...Read More
While precious metals (with the exception of palladium) have suffered a deep sell-off since the surprise outcome of the US presidential elections, the rally in industrial metals appear intact.In a new report BMI Research, a unit of Fitch, says the gains in metal prices this year is set to continue in 2017 thanks to infrastructure spending in China and to some extent in the US and the UK, but at a...Read More
The EU Is Warning American Tech Giants to Crack Down on Hate Speech Now ... "They will have to act quickly and make a strong effort in the coming months." U.S. tech giants including Facebook, Twitter, Google's YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday. -ReutersWestern governments are cen...Read More
Sprott U.S. Holdings Inc. President and CEO Rick Rule, in this interview with SmallCapPower at the recent Mines and Money London conference, offers up a cautious outlook for gold in the near term, and explains why he believes copper investors need more patience. He also describes what he means by "Tier 1" mining investing, and what he wished he had done to achieve even greater investing success.Read More
The EU Is Warning American Tech Giants to Crack Down on Hate Speech Now ... "They will have to act quickly and make a strong effort in the coming months." U.S. tech giants including Facebook, Twitter, Google's YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday. -ReutersWestern governments are cen...Read More
Credit ratings agency Moody's warned at the beginning of the year that the downturn in raw materials was like no other and that the global mining sector was undergoing structural change.As a result, Moody's embarked on a sector-wide review of the 87 global mining majors that it covers and in the process dropped big names like Freeport-McMoRan, Anglo American and Vale into junk territory and axed r...Read More
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.In Asian trade on Monday copper for delivery in March, the most active contract, jumped 1% to exchange hands for $2.6515 per pound ($5,845 a tonne) on the Comex market in New York.Af...Read More
Story developed using data from Mining Intelligence. Learn more and schedule a demo.With a more than 75% price jump over the year, zinc is the best performing major metal throughout the mineral commodities market.There are two main factors behind this remarkable zinc price performance.First, despite the fact that China's economy is slowing its pace zinc demand keeps growing, especially in Asia....Read More
Photo of the Minto mine courtesy of Capstone Mining Corp.A recent bump in the price of copper has Yukon's only operating mine looking to bring back some laid-off workers. The Minto copper mine closed all of its open-pit mining operations on Oct. 1, meaning that 58 employees contracted through Pelly Construction Ltd. were laid off.Read more Read More
Investing.com - Gold prices rose on Friday, moving higher for the first time in four sessions despite a solid U.S. jobs report as the dollar slid, helping support demand for the precious metal.Gold for February delivery settled up 0.82% at $1,179.00 on the Comex division of the New York Mercantile Exchange.Prices hit lows of $1,160.00 a troy ounce on Thursday, their weakest level since February.Th...Read More
SHOCK CLAIM: Elite preparing for Nibiru apocalypse NEXT YEAR but the rest of us are DOOMED … -Express UKThere’s been a considerable expansion of stories in the media forecasting a collision between earth and the Planet Nibiru. This is of interest to those of us who track elite memes in order to track levels of concern in the general population.Generally speaking the more fear there...Read More
SHOCK CLAIM: Elite preparing for Nibiru apocalypse NEXT YEAR but the rest of us are DOOMED … -Express UKThere’s been a considerable expansion of stories in the media forecasting a collision between earth and the Planet Nibiru. This is of interest to those of us who track elite memes in order to track levels of concern in the general population.Generally speaking the more fear there...Read More