Commodities

GOLD (XAUUSD) Dominant Bias: Bearish Contrary to the assumption that Gold would be bullish, its price has gone downwards significantly within the last 2 weeks. There is now a Bearish Confirmation Pattern in the market and the market can continue to be weak. There are support levels at 1275.00 and 1265.00, which would serve as […]

Trade like an Egyptian BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). The DEKA project is centred on the Denise and Karawan gas fields in Temsah Concession in the […]

The share price of Circle Oil (LSE:COP) jumped nearly 30% today on the news of a major oil find about 120 km off the coast of Tunisia. Shares closed Monday at 17.75. Institutional investors took most of the gain in pre-trading following the announcement, with Circle’s shares opening today at 21.75, gaining modestly throughout the […]

Going for Gold? The Ecuadorian government has announced plans to abolish the windfall tax which torpedoed Kinross Gold’s Fruta del Norte gold project. Ecuadorian President, Rafael Correa, recently stated on national radio that changes would be made to the country’s mining laws, which he acknowledged, “…have been a failure on the part of the government.” […]

‘Excellent’ bulk Sample Grade from Tongo Project, Sierra Leone Stellar Diamonds, the London listed (LSE:STEL) diamond development company focused on West Africa, has issued the final bulk sample grade at its Tongo kimberlite project in Sierra Leone has exceeded 178 carats per hundred tonnes. Highlights: · 1,182 carats recovered from kimberlite ore at an average […]

Approval Granted for Drilling at Schonberg Precious Metals Project, Austria Noricum Gold Limited, the Austrian focused gold exploration and development company, has been granted approval to conduct 3,000 metres of drilling at the Company’s wholly owned Schonberg Precious Metals Project in south-central Austria. This follows a site visit and oral hearing convened by the Austrian […]

Exploration Update – Soil Sampling Programme at Schonberg Project Noricum Gold Limited, the Austrian focused gold exploration and development company, has issued further sampling results from its wholly owned Schonberg Precious Metals Project located in south-central Austria where previous exploration has identified up to eight veins along a 3km strike. A total of 2,164 samples […]

Interim Results Horizonte Minerals Plc, (LSE:HZM) (TSX:HZM) the exploration and development company focused in Brazil, announces its unaudited financial results for the six months ended 30 June 2014 and the Management Discussion and Analysis for the same period. Overview: · Significant progress has been made in advancing the 100% owned Araguaia Nickel Project (‘Araguaia’) as...

Instrument: XAUUSD Order: Buy Entry date: August 15, 2014 Entry price: 1313.73 Stop loss: 1293.32 Take profit: 1373.32 Instrument: XAGUSD Order: Buy Entry date: August 15, 2014 Entry price: 19.9263 Stop loss: 19.7083 Take profit: 20.5083 NB: 2% per trade is risked. All open trades are closed after the duration of the signals has expired. […]

Condor de Oro Copper-Gold-Molybdenum Drilling Update Peru – Further Positive Indications Hole 6 Mariana Resources Ltd, the AIM listed exploration and development company with projects in Peru, Argentina and Chile, announces further positive results from its scout drilling programme at the 102 sq km Condor de Oro copper-gold-molybdenum project. Overview – Positive indications in all...