Every quarter, the mining research team at Haywood Securities writes a Junior Exploration Report covering many of the most active and exciting prospectors and developers today. This morning, Haywood released their Q2 2015 report. Here’s a quick introduction: Since the release of our Junior Exploration Q1/15 Report in January, junior mining stocks have experienced a… Continue Reading
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India Relax Gold Import Restrictions While China Considers Similar Policy There was good news for gold this week, with the Indian government surprisingly removing restrictions on gold imports which required 20% of all gold imports to be exported before any new shipments could be brought in. Given speculation that the government may tighten import rules,… Continue Reading
Mining Equities / Precious Metals Fall Further As Fed Cuts Stimulus Program Contrasting economic policies in the U.S and Japan during the week coincided with the continued decline in mining equities and metal prices over the same period. The Federal Reserve in the U.S. announced a end to its stimulus program on Wednesday, while on… Continue Reading
Haywood Commodity Price Revisions: Moderating for a New Paradigm This week, Haywood released a revised commodity price forecast. Changes to several commodity price decks are echoed in the negative performance of mining equities and commodity prices during the last quarter. Changes include the long-term gold price, which was lowered from $1,300 to $1,250 per ounce, silver… Continue Reading
Mining Equities Recover After Early-Week Slump Metal prices were mostly down again for the week, with the exception of gold which bucked the trend, rising 1.2% to $1,239 per ounce as of Friday. Mining equities were down on Wednesday, with the TSX Composite and TSX Venture down as low as 13,732 and 772 respectively, before… Continue Reading
Securities Seek Safety Amid Volatile Metal Prices Metal prices fluctuated significantly this week, although typically finished flat to slightly up by Friday. This coincided with the continued slide in mining equities, with junior explorers taking the brunt of the negative wave in sentiment. This was reflected in the S&P TSX Venture, which fell below 850… Continue Reading
Mining Equities and Commodities Continue To Slide Mining equities and commodity prices continued to fall this week; while the TSX composite index fell to as low as 14,570 on Thursday before rebounding to 14,792 on Friday, the TSX Venture continued fall, ending the week below 900 to 880. Gold fell below $1,200 per ounce for… Continue Reading
Miners and Metals Headed for Early Autumn Bottom? Continued concerns over economic growth in China and Europe have taken their toll on mining equities, and junior mining equities in particular. The S&P/TSX Venture Composite Index fell 4% this week to a new yearly low, ending the week at 919. This follows a dramatic drop in… Continue Reading
Metals Plunge Further As Fed Meeting Sends U.S. Dollar Higher Gold and other precious metals continued to fall this week, with gold in particular reacting to an unchanged outlook from the Federal Reserve; While the Fed reiterated its previous comments stating that interest rates would be kept low for some time, Yellen suggested that short-term… Continue Reading
U.S. Dollar Strength Continues to Fuel Broad Based Selloff in Metals This Week Almost no metal was spared this week as the group traded down indiscriminately, with each of the major metals down at least 1.5% since the opening of trading Monday. Nickel was the hardest hit, down 6.5%, marking its worst weekly performance in… Continue Reading
Markets Skittish After Russian Troops Allegedly Cross Ukraine Border A statement from Ukrainian President Petro Poroshenko accusing Russian troops of crossing the border into eastern Ukraine unsettled markets during the week. Russia has again denied direct involvement in the civil unrest in the Ukraine, angering western nations who have threatened further sanctions against Russia, although… Continue Reading
Gold Ignores Geopolitical Concerns – Drops On U.S. Economic Data Despite the ongoing geopolitical issues in Iraq and Syria, Eastern Europe and Gaza, gold dropped well below the $1,300 per ounce mark during the week, finishing at $1,281 per ounce on Friday. The drop in gold price follows positive U.S. economic data during the week,… Continue Reading
Ukrainian Attack on Russian Convoy Sends Markets Lower Markets were relatively flat for most of the week until Friday, when Ukrainian troops attacked a Russian convoy and concerns over the stability of the latest ceasefire between Israel and the Palestinian ministry. Despite Moscow’s insistence that the convoy is part of a humanitarian mission, the… Continue Reading
Markets Soft on Flaring Geopolitics and Fragility in EU Growth Global headlines have been kept busy with the constant bombardment of flaring geopolitical issues in the Middle East and Eastern Europe together with growing concerns on the impact and spread of the Ebola virus in West African nations. North American Indices largely ended down to… Continue Reading
