Gold Stocks A Beacon In The Dark
Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over.
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Material Matters: Steel Inputs, Oil & Gas
A glance through the latest expert views and predictions about commodities. Iron ore; manganese; and oil & gas.
Read MoreMinRex Resources is Actively Exploring Just a Few Kilometers from $1.1 BN Silver Lake Resources
Gold explorer MinRex Resources (ASX: MRR), which holds ground just a few kilometres to the north-east of the $1.2 billion capped Silver Lake Resources Ltd’s (ASX: SLR) gold and copper Deflector Mine, is set to release new exploration results at its Deflector Extended Gold Project at Gullewa in Western Australia.
Read MoreGold Weakens On Profit-Taking After Best Week In 11-Years
Gold futures settled with a loss on Friday but still saw the biggest weekly rise in more than 11 years in a rebound fuelled in part by a weaker US dollar and concerns about disruptions in the physical market for the precious metal.
Read MoreUS Rig Count Crashes As Oil War Takes Hold
The oil price war and impact of COVID-19 has hit the US fracking sector like a sledgehammer last week as the number of active oil rigs slumped by 40 or 8% in a week.
Read MoreChalice Gold Mines Shines On Julimar Strike
First drill-hole at Julimar Project in WA intersects outstanding intercept comprising 19m @ 2.59% nickel, 1.04% copper, 8.37g/t palladium and 1.11g/t platinum from 48m in fresh rock.
Read MoreMaterial Matters: Copper, Lithium & Closures
A glance through the latest expert views and predictions about commodities. Base metals; cost curves; lithium; and mine closures.
Read MoreIEA Comments Add To Oil Gloom
The gloom around oil returned on Thursday with more pessimism about future demand, pushing prices close to the $US20 a barrel level.
Read MoreOil Ekes Out Small Gain On US Stimulus
Oil futures reversed earlier losses to end Wednesday with a small gain, joining silver, copper and iron ore in the green, while gold fell.
Read MoreResurgent Dollar Paving Route To Higher Gold
Ahead of the Herd’s Rick Mills discusses what the virus and the US response imply for the price of gold, as well as silver and copper.
Read MoreCommodities Join In On Stimulus Rally
Oil, gold, silver, copper and iron ore all caught the latest wave of ‘optimism’ to some degree and closed higher on Tuesday.
Read MoreUranium Week: Taking Its Toll
The virus is having its impact on the uranium industry, sending the spot price under US$24/lb for the first time since July 2018.
Read MoreGold Shines As Fed Ramps Up Money Printing
Gold futures soared on Monday, jumping more than $US80 an ounce. That’s a jump of 5.6% and was the biggest daily dollar climb for the most-active contact, based on records dating back to 1984, and the largest one-day percentage rise since March 2009, according to Marketwtach.com.
Read MoreOPEC Opens Up Talks With US Shale Producers
Are the Americans blinking first in the great global oil price war which is making the impact of the COVID-19 pandemic in markets worse?
Read MoreGlobal Investors Cash Out Of Commodities
In the last 10 trading days, gold has dropped $US250, an unusually steep decline in a short period of time, as the combination of the growing COVID-19 pandemic and the impact from the Saudi-Russia oil price and volume war have knocked investors sentiment.
Read MoreNordgold Makes Bid For Cardinal Resources
Nord Gold SE acquires a 19.9% stake in CDV and also lodges a non‐binding indicative and conditional takeover proposal for CDV, priced at $0.45775 per share.
Read MoreKrakatoa May Explode In Cadia’s Shadow
A geological “stone’s throw” from Cadia Valley, under-the-radar micro-cap Krakatoa Resources is steaming ahead in its hunt for porphyry copper/gold systems in the prolific Lachlan Fold belt in NSW.
Read MoreWild Swings In Oil Price Continue
From the sublime to the ridiculous. A day after oil futures hit 18-year lows, they have enjoyed the biggest ever one day rise – nearly 24%.
Read MoreOil Plunges To 2002 Levels As Commodities Offer No Respite
On the whole, Wednesday was another miserable day for commodities, especially oil. Oil prices were hammered in global markets, dropping to yet another round of 18-year lows, gold, copper, and silver slid, but iron ore edged higher for yet another day.
Read MoreWho (Eventually) Benefits From The New Oil Shock
In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreGold Gains After Fed Reinstates Commercial Paper Funding Facility
Gold rose oil, silver, and copper all fell, but iron ore edged higher in another day of volatile trading for major commodities.
Read MoreOil Slumps Under $30 A Barrel To Lowest Level Since 2016
Oil’s spectacular collapse deepened on Monday despite widening global efforts to fight the economic impact of coronavirus. Prices of the two key marker crudes, Brent and West Texas Intermedia slumped again with the US crude tumbling under $US30 a barrel.
Read MoreSteel Production Shines Amid Grim Set Of China Data
Amid all the carnage from China’s production, investment and retail sales figures (not to mention car sales and airline passenger figures), one figure stood out – steel production, which indicates the continuing resilience of the sector.
Read MoreNo End In Sight To “Enormous Inventory Build” In Oil
Oil prices start this week with their biggest week of losses since the 2008 global financial crisis under their belt.
Read MoreGold Price Gyrates With Global Markets
If you wanted a sector of the ASX not to be in today then gold would be it. While the overnight futures market had a modest 60 point or so gain pencilled for the start of trading later today, the $US60 slump in the price of gold on Friday is a figure than will send tremours through our already battered gold sector on the ASX.
Read MoreBrazilian Giant Vale Provides New Warning On Iron Ore Production
So what will BHP, Rio Tinto and Fortescue Metals do now that their Brazilian iron ore rival, Vale, has raised the possibility of curbing or suspending iron ore shipments because of the growing threat of the COVID-19 virus?
Read MoreGold Consolidates As Rates And Yields Plummet
If there was ever any doubt that gold’s primary function is as a safety hedge against geopolitical and economic uncertainty, the events of the past few weeks should satisfy even the most stubborn sceptic.
Read MoreIron Ore At Least Treads Water As Commodity Complex Is Slammed
Australian commodity stocks face another tough day after gold, copper, silver and oil prices fell overnight Thursday.
Read MoreNewcrest Downgrades Outlook As Problems Reemerge At Lihir
Not helped by a slide in gold prices, Newcrest has downgraded its 2019-20 gold production. The news took investors by surprise and yesterday saw a spate of downgrades from analysts.
Read MoreOil Recovery Proves A Dead Cat Bounce
The brief rebound in global oil prices ended as quickly as it happened in the wake of Saudi Arabia revealing it will boost daily output to a record 13 million barrels a day to counter Russia’s planned boost.
Read MoreUranium Week: The Nuclear Debate
Moves are afoot once again in Australia to lift bans on both uranium mining and nuclear power. The uranium spot price has slipped once more.
Read MoreOil Posts Relief Rally After Historic Loss
Oil bounced modestly, gold fell heavily as markets regained their poise on Tuesday after Monday’s capitulation. Silver fell, but copper and iron ore ended the session higher.
Read MoreRussia Crashes Oil To Squeeze US Shale
Global oil futures plunged to four-year lows on Monday in the biggest one-day drop since 1991 as OPEC and Russia appear shaped up for an all-out price war. From now on oil prices will be eroded slowly as the shape of the price war between Saudi Arabia and Russia emerges.
Read MoreOil Prices A Casualty As Coronavirus Spreads
As the spread of coronavirus stymies travel and OPEC and Russia fail to agree on production cuts, ANZ analysts suggest there is only one likely direction for oil prices – down.
Read MoreGold Shines As Copper, Aluminium, Nickel Stockpiles Grow
Gold regained its lustre big time last week, shaking off doubts about its safe-haven status. But the prices of other metals fell on Friday as fears about COVID-19’s impact on global demand hit home.
Read MoreOil Price Tanks After Russia Splits OPEC+
Global oil prices have suffered their biggest one day fall since the depth’s of the great crash in late 2014. The driver of the price slump? The collapse of the mooted deal between OPEC and its allies, led by Russia, to impose further production.
Read MoreNew Vale Mine Closure Stirs Iron Ore Price
Iron ore prices look set to continue this week’s rally after Vale, the big Brazilian miner was forced to close an 11 million tonnes a year mine.
Read MoreGalileo, The Next Fraser Range Nickel Success Story?
In December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia.
Read MoreGold Has Immunity, Silver Has Ratio
Ahead of the Herd’s Rick Mills makes the case for buying precious metals in the face of this global crisis.
Read MoreGold Retains Its Safe-Haven Status
Media commentators that question gold’s safe-haven status clearly haven’t done their homework. Even taking its price retreat into account, the gold price is strongly up on where it was this same time last year and had dramatically outperformed equity markets.
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