Big News Roundup Resource Investing

- March 30th, 2018

In case you missed it, here are our past big news roundups for Resource Investing

November 29 Big News Roundup: Flower One Partners with Kiva Confections, Leading California Edible Producer, High Tide Selected to Manage Cannabis Retail Store in West Edmonton Mall, Heritage Announces Health Canada Approval for Additional Extraction Rooms at Fort Erie

U.S. Stock index futures closed strongly this week during a shortened trading session, finalizing an impressive month for the stock market. On Wall Street, the S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 5.62 points to 3,148.01. Despite the slight dip on Friday, the S&P500 remains up more than six percent since June. November is on pace to be the best month for the S&P500 since June’s major gains. Analysts remain focused on Black Friday sales across the United States as retail giants compete for sales on the busiest shopping day of the year in the country. Major retailers like Best Buy, Walmart and Macy’s are expected to lead the way this year.

In Canada, the recent release of the country’s gross domestic product data sent the market trading down slightly with the S&P/TSX Venture Composite Index (INDEXTSI:JX) opening Friday at 532.80. Seven of the Toronto subgroups gained ground this week, including consumer staples which rose 0.4 percent while communications and consumer discretionaries each rose 0.3 percent.

The price of gold rose slightly this week, gaining two dollars to hit US$1,462.80 per ounce.

In case you missed it, here is this week’s resource big news roundup:

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Nov 22 Big News Roundup: A.I.S. Resources Arranges Supply of 30,000 Tonnes a Month of Manganese Ore, ALX Uranium Corp. Receives Additional Results up to 3.17 Percent Nickel at Falcon Nickel Project, Golden Ridge Drills 291 Meters of 0.66 g/t AuEq in the Ball Creek Main Zone

Tensions surrounding trade talks between the United States and China kept stocks trading within a tight 1 percent range of a record high this week on the S&P/TSX Composite Index (INDEXTSI:OSPTX). There is a gentle optimism over reports Chinese Vice Premier Liu He has invited Robert Lighthizer to Beijing for talks later this month according to sources close to the matter. The United States is also expected to postpone new tariffs that were previously scheduled for December if no deal can be reached by then. 

The S&P/TSX Venture Composite Index (INDEXTSI:JX) remained steady on Friday morning as continued losses in the cannabis sector worked against the generally positive sentiment generated by trade talks between China and the United States. HEXO (NYSE:HEXO,TSX:HEXO) was one of the most noteworthy stocks in the red this week after the company came forward with the revelation that it had been illegally growing cannabis in an unlicensed section of its production facilities in Niagara, Ontario. HEXO came to own the facility through its C$263 acquisition of Newstrike Brands.

Gold prices remained steady to close the wee, opening on Friday at US$1,464.90 per ounce.

In case you missed it, here is this week’s resource big news roundup:

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Battery

Energy

Precious

To see our previous Resource Investing Big News Roundups, please click here.

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Nov 15 Big News Roundup: Puma Adds Claims at Chester VMS Deposit, American Manganese Reports 99.98 Percent Purity from Recycled Battery Material, Silver Spruce Verifies High-Grade Polymetallic Results

The S&P/TSX Composite Index (INDEXTSI:OSPTX) hit a new all-time high on Friday, reflecting positive movement on Wall Street as trade optimism regarding the ongoing talks between China and the United States carried the market. According to Reuters, White House economic advisor Larry Kudlow said on Thursday that the two major world powers were close to an agreement based on positive trade talks during the week. “We are definitely headed in the right direction with regard to trade,” said Keith Buchanan, portfolio manager at GlobAlt in Atlanta. “Although there was some skittishness … the equity market hasn’t shown much of a pull back and we are still making those highs.”

The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped 0.53 points to open Friday at 526.62, with all but three Toronto subgroups in positive territory. Most notably, energy jumped 1.1 percent while consumer staples moved forward 0.4 percent and information technology gained 0.1 percent. The Canadian cannabis sector took a significant hit on Thursday after major licensed producer Canopy Growth (NYSE:CGC,TSX:WEED) announced C$374.6 million in losses, causing the company’s stock to hit an intra-day low of $20.15 on the TSX. According to interim CEO Mark Zekulin, it is “increasingly unlikely,’ that the company hits its fourth-quarter revenue projections ending in March.

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Nov 8 Big News Roundup: Newrange Gold Sells Yarumalito Project in Colombia; Surge Acquires Additional Claims Near the Caledonia Project; Deep-South Resources Achieves 90 Percent Cu Recovery in Column Bioleach Amenability Tests

Stocks were on the rise Thursday only to come to a halt as US-China trade woes sparked caution in the hearts of investors. According to a Reuters article, a meeting between US President Donald Trump and Chinese President Xi Jinping to sign the long-awaited trade deal could be delayed until December as deal terms and venues are discussed. Those concerns were laid to rest the next day when China announced that it had agreed with the US to remove existing tariffs in stages as part of a working deal.  

Building on the momentum from earlier in the week, the S&P/TSX Composite Index (INDEXTSI:OSPTXextended its gains to its sixth straight session on Friday. A rally in the technology and healthcare sectors led the upswing, but a lower oil price, weak Canadian jobs and an update to housing permits data eventually slowed gains. According to Statistics Canada, the economy lost 1,800 jobs in October, surprising economists who were calling for an increase of 38,000 jobs last month. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it steadily fell for most of the week. On Friday, half of the 12 Toronto subgroups were up on the day. Leading the way for gains was information technology, which was up by 1.2 percent, followed by healthcare and industrials, gaining one percent and 0.5 percent, respectively. Gold and materials were dragging the index down, each losing 0.6 percent, followed by energy stocks which were lagging by 0.5 percent.

In case you missed it, here is this week’s resource big news roundup:

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Nov 1 Big News Roundup: Silver Spruce Signs MOU with China University of Mining and Technology; Definitive Agreement Signed For VanadiumCorp’s Iron-T Vanadium Project; Mineralized Breccia Grading 1.03% Co and 0.36 g/t Au Discovered at Puma’s Portage Lake

The S&P/TSX Composite Index (INDEXTSI:OSPTX) remained mostly flat this week. The index did gain traction late in the day on Thursday following the announcement that the US Federal Reserve will cut interest rates for the third time this year. Stocks slid in the US yesterday as Chinese officials doubted whether a trade deal would be signed. According to Bloomberg, Chinese officials have reportedly suggested that they are unwilling to make concessions on some of the significant economic reforms the Trump administration has called for. Gains from yesterday spilled over to Friday as energy stocks pushed the TSX to a one-month high. Sentiment around global growth is also up on the back of upbeat US job numbers and robust manufacturing data out of China. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it slid on Monday and remained flat for the rest of the week. On Friday, 10 out of the 12 Toronto subgroups were up within the first hour. Energy led the charge with a 1.9 percent gain, followed by information technology up 1.4 percent and industrials up 0.9 percent. Gold and materials dragged the index down, losing 0.6 percent and 0.2 percent, respectively.

In case you missed it, here is this week’s resource big news roundup:

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Oct 25 Big News Roundup: Major US Multinational EV Maker Tests Graphite One Material; ALX Uranium Acquires Draco VMS Project in Norway; GoldSpot and Vale to Use Artificial Intelligence at Coleman Mine

Following Canada’s Federal election on Monday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) rose slightly before falling for the next two days. The index received a small lift on Thursday as investors moved from utilities and real estate to more cyclical sectors of the market like technology, consumer discretionary and industrials. On Friday, the index was treading water as losses in technology and energy outweighed gold price gains in the precious metals sector. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it stayed relatively flat for most of the week. On Friday, seven of the 12 Toronto subgroups were down in the first hour. The index was dragged down by the information technology sector, which was down 0.9 percent and industrials and energy both lost 0.5 percent. Gold and materials led the way for the gainers, each up 1.8 percent, followed by healthcare, which is up 1.2 percent.

In case you missed it, here is this week’s resource big news roundup:

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Energy:

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Oct 18 Big News Roundup: MustGrow Finalizes ‘Liquid Formulation’ Mustard-Derived Bio-Pesticide; IsoEnergy Acquires Collins Bay Extension Uranium Property; EnviroLeach and Golden Predator Announce Cyanide-Free Bulk Testing Agreement

Stocks rose on Tuesday as corporations started to announce their third-quarter results. Investors also continued to look for signs that Trump’s phase one trade deal with China would materialize. The market had another boost on Thursday as Canada celebrated its first anniversary of cannabis legalization as well as welcomed new cannabis products to the market. On Friday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) rose slightly. The index was bumped higher by energy stocks, but China’s slowest growth in nearly three decades renewed concerns about global growth, capping any gains. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it spiked on Tuesday and Thursday for the same reasons that the TSX index did. On Friday, Seven of the 12 Toronto subgroups experienced losses midday. Leading the way in losses were consumer discretionary and healthcare stocks, which each tumbled 2.3 percent, and information technology stocks were down by 1.1 percent. The five gainers were led by industrials and financials, each up 0.4 percent, followed by communications which gained 0.2 percent. 

In case you missed it, here is this week’s resource big news roundup:

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Oct 11 Big News Roundup: First Cobalt Restores Power at the Refinery; Canada Cobalt Signs Binding LOI to Acquire Strategic Assets; Aurex Energy Signs LOI For Natural Gas Joint Venture

All of the indices fell by more than one percent on Tuesday this week as investors continued to monitor the trade tensions between the US and China. Stocks immediately fell on Tuesday after the Trump administration placed bans on numerous Chinese government officials and companies that are tied to alleged human rights abuses. Despite a rocky start to the week, the S&P/TSX Composite Index (INDEXTSI:OSPTX) steadily rose for the remainder of the week. The Dow Jones industrial average and the S&P500 both rose 1.6 percent on Thursday thanks to rumors regarding a possible end to the US-China trade war, and reports of an Iranian tanker attack lifted oil prices. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it steadily declined all week. Seven of the 12 Toronto subgroups were lower with gold leading the way in losses at 2.3 percent, followed by materials slipping one percent and utilities dipping 0.9 percent. Leading the way in gains is energy up 1.4 percent, healthcare rising 0.7 percent and financials edging up at 0.6 percent.

In case you missed it, here is this week’s resource big news roundup:

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Energy:

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Oct 4 Big News Roundup: IsoEnergy Intersects 1.6 Percent U3O8 over 10.5m, Including 12.6 Percent U3O8 over 1.0m; Noble Mineral Creates Canada Nickel Company; Nexus Gold Enters LOI for Potential Sale of Interest in Gold Project in Burkina Faso

The S&P/TSX Composite Index (INDEXTSI:OSPTX) steadily fell this week after US economic reports showed that the country had the weakest manufacturing data in more than a decade. The contraction in the manufacturing sector suggests there will be weak non-farm employment numbers and weaker GDP numbers, according to CIBC Asset Manager Patrick Bernes. The news reawakened global recession fears for investors throughout the week. The index rallied on Friday after US data showed that there was moderate growth in September. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it fell in the first half of the week and rose for the second half. Nine of the 12 Toronto subgroups were up on Friday. Information technology stocks took the lead with a 0.8 percent gain followed by healthcare up 0.7 percent and consumer discretionary rose 0.4 percent. Dragging the index down was consumer staples by 0.3 percent, energy down 0.2 percent and financial slipping 0.1 percent.

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Sept 27 Big News Roundup: Medallion Completes Proprietary Rare-Earth Flow Sheet; Fidelity Minerals Strengthens Project Portfolio; Lake Targets 2020 Pre-production at Kachi

On Tuesday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was on the rise in response to overnight tariff news out of China. However, news surfaced that the Democrats may take steps towards the impeachment of US President Donald Trump. The potential impeachment did not have a significant effect on the price of gold, which remained steady throughout the day. Gold prices were not able to hold their favorable position throughout the week, contributing to a sharp fall for the index on Friday. A drop in oil prices also contributed to the downturn of the index. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it fell throughout the week. All but two of the 12 Toronto subgroups plunged into the red this morning. Gold experienced a 2.4 percent loss while healthcare took a 2.3 percent drop and materials shed 1.6 percent. The two gainers this morning were consumer discretionary stocks, which edged up 0.2 percent, and financial stocks, which just cleared breaking even at 0.01 percent.

In case you missed it, here is this week’s resource big news roundup:

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Sept 20 Big News Roundup: Pistol Bay Acquires Additional Gold Exploration Claims in Red Lake; OG DNA Genetics and Generic Gold Announce Definitive Agreement; Livent to Contribute up to US$5.5M to Advance E3 Metals’ Direct Lithium Extraction Process

Drones launched by Yemen’s Houthi rebels attacked the world’s largest oil processing facility in Saudi Arabia and an additional oilfield on Saturday, putting the global energy supply at risk. Energy stocks have subsequently been bumping the S&P/TSX Composite Index (INDEXTSI:OSPTX) up to record highs this week in the aftermath of the attacks. Tensions in the Middle East also helped push gold prices higher, and palladium hit a record peak due to short supply. The index got another boost when the US Federal Reserve announced their second interest rate cut for the year. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it was on a downward trend for most of the week. The index received a quick bump on Wednesday when the interest rates cuts in the US were announced. The index is set to finish the week on the rise. All of the 12 Toronto subgroups were up this morning except one, healthcare shares dropped 0.9 percent lower today. Leading the way for the gainers is gold at a one percent gain, followed by information and consumer discretionary stocks, which are both up by 0.9 percent.

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Sept 13 Big News Roundup: Puma Closes Targets Minerals Transaction; Surge Acquires Additional Gold-Copper Mineral Claims in the Golden Triangle; Bullfrog Gold Lists on the Canadian Securities Exchange

The S&P/TSX Composite Index (INDEXTSI:OSPTX) hit a record high this morning due to a rise in gold prices and energy shares. The world is also viewing the US-China trade with a positive light this morning. China’s State Council has stated that it will exclude some agricultural products from additional tariffs on US goods. This is one of many conciliatory measures taken this week between the two countries as they prepare for mid-level talks, which could take place as early as next week. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it started strong this morning. Nine of the 12 Toronto subgroups were up this morning with healthcare gaining 1.4 percent and energy and materials shares rising 1.1 percent each. Of the three laggards, technology lost 0.9 percent, communications were down 0.4 percent and utilities dropped 0.2 percent.

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Sept 6 Big News Roundup: Pistol Bay Options Out Fredart-Gerry Lake Properties; Surge Acquires Additional Gold-Copper Mineral Claim in the Golden Triangle; Orsu Metals Expands the Footprint of Its Sergeevskoe Gold Project

On Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTXrebounded after Hong Kong leader Carrie Lam announced the withdrawal of the extradition bill. This news was bolstered by the US Federal Reserve’s Beige Book, which suggested that the US economy should grow at a modest pace despite the US-China trade war uncertainties. The index received another bump up the following day as trade talks continue between the US and China. On Friday, oil stocks dragged the index down 1.2 percent as uncertainty over renewed US-China trade talks, which are expected to resume in October. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it dropped sharply this morning but is expected to finish on the rise. Eight of the 12 Toronto subgroups went south in the first hour with energy stocks experiencing a 1.5 percent loss. Industrials were down 0.6 percent and information technology dipped by 0.4 percent. The three gainers today were health-care at two percent, consumer staples at 0.3 percent and financials 0.04 percent. Communication shares remained unchanged.

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Aug 30 Big News Roundup: Glencore and First Cobalt Sign Definitive Agreement; Golden Predator Submits Mining Restart Notice For Brewery Creek; Puma Creates a New Active Player for Precious Metals in New Brunswick

After last week’s trade drama, US President Donald Trump stated that he was interested in resolving the trade war through continued talks with China. Chinese Vice Premier Liu He echoed these sentiments, putting recession fears to rest for the moment. Following these announcements, the S&P/TSX Composite Index (INDEXTSI:OSPTX) has been on the rise due to robust economic data. On the economic front, Statistics Canada announced that Canada’s economy grew by 3.7 percent in the second quarter, which is higher than expected.

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it is also on the rise today. Seven of the 12 Toronto subgroups reached new highs with health-care stocks leading the pack with a 0.6 percent gain; industrials were up 0.5 percent and consumer discretionary gained 0.4 percent. Gold was hit the heaviest, down by 0.6 percent, followed by energy and consumer staples, down 0.5 percent and 0.3 percent, respectively.

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Aug 23 Big News Roundup: Medallion Completes Final Testwork Program Responds to US Department of Defense Request; Jade Leader Discovers New Jade Zone at DJ

This week all eyes were again focused on the trade dispute between China and the US. On Friday morning, China slapped tariffs on a variety of American goods worth a total of $75 billion, raising fears of a US recession. President Donald Trump has promised to respond to the latest tariffs this afternoon. The news, of course, affected the S&P/TSX Composite Index (INDEXTSI:OSPTX), which fell 0.2 percent today. The dip in the index can be attributed to a fall in oil prices and energy shares as the tariffs applied to crude oil prices in the US. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it edged higher this week to rest at 579.61 points. The 12 Toronto subgroups were evenly divided this morning, but gold gained 1.2 percent while the materials and information technology sectors each climbed 0.6 percent. Following news of the tariffs, energy stocks experienced the heaviest losses at 1.7 percent.

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Aug 16 Big News Roundup: Angkor Receives Approval for Cambodian Oil and Gas Concession; Progressive Planet Receives Largest Order for Rock Dust; Giyani Announces Positive PEA for its K.Hill Manganese Project in Botswana

On Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTXplunged as fears of a global recession rise on the backs of disappointing economic data in China, German economy contraction and in June, Europe’s factory production fell the most in three years. Adding to the angst, yields for two-year and 10-year bonds inverted for the first time since the Great Recession. On Friday, the index rose as central banks across the globe make plans for added stimulus, easing concerns of an economic slowdown. Technology stocks also did their best to offset the loss for the week. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it fell for most of the week but recovered 1.91 points to 570.69 on Friday. All but two of 12 Toronto subgroups gained ground, with health-care sprouting two percent, financials up 0.8 percent and energy up 0.7 percent. The two groups that were down are gold and materials.

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Aug 9 Big News Roundup: PLAN Signs Sustainable Cannabis Waste Collection Contract; VVC Board of Directors Approves the Gloria Pilot Mine at its Northern Mexico Copper Property; Searchlight Options Flin Flon North Claims

After a turbulent week, the S&P/TSX Composite index (INDEXTSI:OSPTX) opened lower as material shares weighed down the market on Friday, but gains in the energy sector offset the losses. Recent employment data in Canada also made an impact on Friday based as the country shed 24,200 jobs in July due to losses in the wholesale and retail trade. This came as a surprise to economists as they were predicting that 15,000 jobs were going to be added to the market. At the beginning of the week, the index experienced substantial losses on Monday and Tuesday due to global trade woes and losses in the energy sector. The index rose on Wednesday as the Canadian dollar regained ground after it briefly dipped below US$0.75. It also outperformed its US counterpoints as the price of gold surpassed US$1,500 for the first time in six years. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), the index fell 0.23 points to 596.10 on Friday. Eight of the 12 subgroups stumbled this morning as consumer discretionary stocks lost 1.2 percent, materials were down one percent and healthcare stocks dropped 0.8 percent. Of the four gainers, energy was up by 0.7 percent, and the real estate and communications subgroups were up 0.1 percent each.

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Aug 2 Big News Roundup: Pistol Bay Acquires Gold Exploration Claims in Red Lake; E3 Metals Builds First Lab Scale Lithium Extraction Flow System; Western Copper and Gold Acquires Canadian Creek Property

The US stock market took a $25 billion a minute hit on Wednesday when Federal Reserve Chair Jerome Powell announced the bank’s interest rate cuts, despite his explanation as to why the cuts are not the start of a lengthy easing cycle. The S&P/TSX Composite index (INDEXTSI:OSPTX) took a hit as well from the news. On Friday, the index took a second hit following a sharp escalation in the US-China trade war, but oil prices lifted energy stocks, keeping the losses in check. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), the index climbed 0.97 points to open the market today at 592.30 points. All but three of the 12 subgroups were down to begin the session.

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Jul 26 Big News Roundup: MGX Renewables Commences Trading; American Manganese Achieves Improved Pilot Plant Results of 99.93% Purity; Searchlight Resources Options Flin Flon North Claims

The S&P/TSX Composite index (INDEXTSI:OSPTX) got a boost on Tuesday as world stocks gained on the expectation of further central bank easing. The gain was short-lived as US and Canadian stocks opened lower on Thursday as earnings on both sides of the border provided a mixed growth picture. The European Central Bank also signaled that more stimulus could be coming in the coming months. On Friday, the index gained due to a rise in the energy sector as oil companies aspire to reach an agreement with the Alberta government to boost production. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX),  it fell towards the beginning of the week but looks like it’ll finish the week on the rise. All but one of the 12 subgroups moved into the greenthis morning as gold fell by 0.3 percent. 

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Jul 19 Big News Roundup: Jade Leader Acquires 100 Percent Interest in Lode Property; Pancon Expands Its Jefferson Gold Project to Surround the Former Brewer Gold Mine; First Cobalt and Glencore Conclude Term Sheet for Refinery Restart

On Thursday, the New York Federal Reserve President John Williams stated that policymakers need to add stimulus early on and cannot wait for economic disaster to hit. The announcement led the S&P/TSX Composite index (INDEXTSI:OSPTX) to rise on Friday. The index was also buoyed by a rise in crude oil prices as tensions spiked in the Middle East. The US claims they destroyed an Iranian drone in the Strait of Hormuz, pushing the energy sector higher. On the downside, Statistics Canada reported that the value of the Canadian retail trade unexpectedly dipped by 0.1 percent in May, the first decline in four months. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it’s been on the rise all week. 

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Jul 12 Big News Roundup: Progressive Planet Divests of Lithium IP; Golden Ridge Options 52,442-Hectare Ball Creek Project; Manganese X to Acquire Lac Aux Bouleaux Graphite Property

The US Federal Reserve Chair Jerome Powell made comments on Wednesday and Thursday about cutting interest rates in the bank’s meeting later this month, but he would not commit to when or how much they could move, which could lead to volatility in the markets. In Canada, the S&P/TSX Composite index (INDEXTSI:OSPTX) was higher on Wednesday due to strength in the energy sector as the price of oil rose. The Canadian central bank also stated that it would not be raising or lower interest rates, which helped strengthen the Canadian dollar. However, by Friday, the index broke even as gains in the materials sector offset the declines in the healthcare sector. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it opened at 580.99 points on Friday and has steadily dropped since the market opened.

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Jul 5 Big News Roundup: A.I.S. Resources Commences Shipping Manganese; 21C Metals Files NI 43-101 Initial Resource for the East Bull Palladium Project; Deer Horn Becomes First Junior Exploration Company to Join the Initiative for Responsible Mining Assurance

In the US, the Federal Reserve has hinted that it may cut interest rates which have buoyed US stocks and treasuries, leading the S&P 500, the Dow Jones Industrial Average and Nasdaq to new highs this week. The rate cuts in the US have helped boost stock valuations by stimulating corporate earnings and capital spending as borrowing costs fall, leading to gains on the S&P/TSX Composite index (INDEXTSI:OSPTX) this week. However, the rate cuts also signal that there is an emerging economic weakness, which is harmful to equities. This was evident in the dramatic fall of the S&P/TSX Composite index on Friday.

The materials sector fell the most at 2.7 percent, followed by gold prices, which fell by almost two percent. Also affecting the index was the announcement that Canada shed 2,000 jobs in June. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it opened at 587.22 points on Friday and was dragged lower as the gold, materials and information technology sectors experienced losses.

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Jun 28 Big News Roundup: Talisker to Commence Trading; Nexus Returns High-Grade Sample; Go Cobalt Identifies Geophysical Target and Doubles Land Package

The TSX composite index followed a steady decline this week in anticipation of trade talks between the United States and China at their G20 meeting. On Friday US President Donald Trump stated that he hoped for productive talks with Chinese President Xi Jinping, however he remained adamant that he would not promise any easing of the trade tariffs that sparked the international trade dispute.

Uncertainty in the international markets had an effect on Canada’s main index this week, setting the Toronto Stock Exchange’s S&P/TSX Composite Index (INDEXTSI:OSPTX) up for its first weekly loss in the month of June. Six of the six major sectors within the index had losing weeks, including the energy sector which dipped by 0.4 percent.  The S&P/TSX Venture Composite Index (INDEXTSI:JX) opened Friday’s trading session at 584.67 points, down approximately 10 points on the week. 

In case you missed it, here is this week’s big news roundup in the resource market: 

Precious

Base

Battery

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Jun 21 Big News Roundup: Standard Lithium Announces Positive PEA; Allante Announces Proposed Qualifying Transaction with Wealth Copper; Talisker Enters into Agreements Further Increasing Spences Bridge Gold Belt Land Position

Political tensions across the international landscape continued to drive market prices this week, including a sharp rise in the S&P/TSX Composite index (INDEXTSI:OSPTX) following accusations from US President Donald Trump regarding a tanker attack on June 13. Oil prices reached a three-week high after tensions between the US and Iran continued to rise following an attach on a US surveillance drone on Thursday. The index jumped nearly 100 points following the announcement of Thursday’s drone attack. The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped 33.98 points to begin the week, opening Friday’s trading at 16,540.85.

In case you missed it, here is this week’s resource big news roundup:

Base

Battery

Critical

Precious

Profit from resource markets this year


Read our new report to get started

Jun 14 Big News Roundup: Fidelity Acquires Two Highly Prospective Gold Projects in Peru; Jade Leader Increases Land Holdings and Identifies 5 Priority Targets in Wyoming Jade Fields; Go Cobalt Joins Yukon Mining Alliance

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) was up and down as trade woes between the US and China continue. The US Federal Reserve may be initiating a rate cut to keep market sentiments positive as trade negotiations continue. In the Middle East, two oil tankers were hit in the Gulf of Oman in a suspect attack on Thursday, driving oil prices up. On Friday, the index fell with technology stocks due to Broadcom Inc.’s (NASDAQ:AVGO) reduced 2019 revenue forecast. The index was also mirroring the weakness in the global markets. At 9:50 a.m. ET, the index was down 27.84 points at $16,211.42. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, steadily dropped this week.

In case you missed it, here is this week’s resource big news roundup:

Battery:

Energy:

Gem:

Precious:

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