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FXEmpire.com - Natural Gas Technical Analysis You can see that we continue to just hang around the same area right around the 20 day EMA. That’s not a huge surprise this time of year because Natural gas does almost nothing. So, unless you’re a short term scalper, there’s really n

FXEmpire.com - Natural Gas Market Update U.S. natural gas futures softened on Friday, marking a monthly low in early trading. The focus among investors shifted to the latest U.S. Energy Information Administration (EIA) report, which indicated an unusually large injection into gas

FXEmpire.com - Market Overview Oil prices experienced a slight increase in Asian trading on Friday, positioning for a weekly gain amidst continuous geopolitical tensions in

James Henry Anderson, senior market analyst at precious metals dealer SD Bullion, shared his thoughts on gold and silver, including what factors are moving the metals right now and where they could go in 2024. In his view, the precious metals sector is undergoing a tectonic shift with far-reaching impacts. "Ultimately I think US$2,400 (per ounce gold) is going to be looked back in time as being cheap," he said.Watch the interview above for more of Anderson's thoughts on gold and silver. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in 2024. Gold took off, setting the quarter’s high of US$2,264.52 per ounce on March 31, with momentum continuing to set an all-time high of US$2,426.56 per ounce on April 12.Despite gold’s solid performance at the end of 2023 and continued high prices in 2024, it didn’t translate to gold stocks. They saw little movement through the first 10 weeks of the year. It wasn’t until after gold’s dramatic breakout that some of the major gold stocks saw some upward momentum.How have these gains affected small cap gold stocks on the TSXV? These are the biggest movers through the start of the year. Data for this article was retrieved on April 2, 2024, using TradingView's stock screener, and only companies with market capitalizations greater than C$10 million are included. 1. Contact Gold (TSXV:C) {"@context":"http://schema.org","@type":"Corporation","name":"Contact Gold Corp.","url":"http://www.contactgold.com","description":"Contact Gold Corp is an exploration company. It is engaged in the acquisition, exploration, and development of exploration properties in Nevada. The company has two geographic segments: Canada and the United States of America. The projects of the company are Pony Creek, South Carlin and many more. It derives most of its revenue from United States.","tickerSymbol":"TSXV:C","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648095&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648095&width=210"} Press Releases Company Profile Year-to-date gain: 200 percent; market cap: C$10.57 million; current share price: C$0.03Contact Gold is a gold exploration company that is working to create a district-scale gold property in Nevada, US.Its Pony Creek project consists of a 43.8 square kilometer land package that has hosted exploration since the 1980s. Since acquiring the property in 2016, Contact has conducted more than 25,000 meters of drilling across 118 holes, identifying five zones of gold mineralization. The company released a maiden resource estimate for the asset in January 2022, reporting 433,000 inferred ounces of gold from 25.72 million metric tons (MT) of ore with an average grade of 0.52 grams per MT (g/t). Contact’s Green Springs property lies along the southern end of Nevada’s Cortez Trend and consists of a 19.5 square kilometers land package that hosts three past-producing open-pit mines that produced 74,000 ounces of gold in the late 1980s. In December 2022, Centerra Gold (TSX:CG,NYSE:CGAU) entered into a US$10 million earn-in agreement to potentially gain a 70 percent stake in Green Springs over a four year period. Shares of Contact have been trending up since the February 26 news that Orla Mining (TSX:OLA,NYSE:ORLA) will acquire all of the company's issued and outstanding common shares through a definitive arrangement agreement. The deal will allow Orla to consolidate the Railroad-Pinion district in Nevada by combining Contact’s Pony Creek property with Orla’s adjacent South Railroad project. Shares of Contact gold reached a quarterly high of C$0.03 on March 6. Buy now , 2. Falco Resources (TSXV:FPC) {"@context":"http://schema.org","@type":"Corporation","name":"Falco Resources","url":"https://www.falcores.com","description":"Falco Resources Ltd is engaged in the exploration and evaluation of its mineral properties in the Rouyn-Noranda district for the base and precious metals.","tickerSymbol":"TSXV:FPC","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51213161&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51213161&width=210"} Press Releases Company Profile Year-to-date gain: 192.31 percent; market cap: C$103.2 million; current share price: C$0.36Falco Resources is a gold exploration and development company operating within the Abitibi Greenstone Belt in Québec, Canada. Its flagship asset is the Horne 5 project, which consists of 67,000 hectares of land in the Noranda Mining Camp and includes 13 historic gold and base metals mining sites. A March 2021 feasibility study update for Horne 5 would see an average annual production of more than 220,000 ounces of gold with a mine life of over 15 years. This would generate a C$761 million after-tax net present value with an 18.9 percent rate of return and an average all-in-sustaining cost of $587 per ounce. Shares of Falco saw gains early in the year following a news release on January 24, when the company announced it had executed an operating license and indemnity agreement with Glencore (LSE:GLEN:OTC Pink:GLCNF). Under the terms of the deal, Falco will gain access to a portion of lands that it will use to advance Horne 5. The deal will also establish a technical committee to ensure that operations at Horne 5 do not interfere with Glencore's Horne smelter. Additionally, Glencore will gain the right to require remediation, suspension or risk mitigation in order to protect its Horne smelter. Glencore will also have the right to a seat on Falco’s board of directors. The most recent news from the Horne 5 project came on March 27, when Falco confirmed the admissibility of an environmental impact assessment from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. Falco can now move forward to the public hearing process for the asset. The share price for Falco reached a quarterly high of C$0.37 on March 28. Buy now , 3. PPX Mining (TSXV:PPX) {"@context":"http://schema.org","@type":"Corporation","name":"PPX Mining Corp.","url":"https://www.ppxmining.com","description":"PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.","tickerSymbol":"TSXV:PPX","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648069&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648069&width=210"} Company Profile Year-to-date gain: 150 percent; market cap: C$33.71 million; current share price: C$0.05PPX Mining is a precious metals company that is focused on its Igor project, which contains the operating Callanquitas underground mine, located in the Otuzco province of Northern Peru.In a prefeasibility study for Igor, which was amended in January 2022, the company indicates that the 1,300 hectare site previously hosted small-scale mining operations and hosts a 50 MT per day gold-processing plant from the 1980s. PPX is currently working to upscale processing at the site through the construction of a 350 MT per day carbon-in-leach and flotation plant that will be used to process oxide and sulfide ore from Callanquitas.An updated resource estimate for Callanquitas released by the company this past January shows measured and indicated amounts as oxides of 81,090 ounces of gold and 2.9 million ounces of silver. The inferred resource as sulfides stands at 34,450 gold equivalent ounces at 4.63 g/t gold equivalent.Shares of PPX saw gains following news on March 12 that the firm has signed a letter of intent with Silver Crown Royalties for US$2.5 million in funding in exchange for a 15 percent silver royalty from Igor. Under the terms of the arrangement, which can be expanded, the royalty is currently set to expire upon the delivery of 250,000 ounces of silver, or after five years, whichever comes later. This funding will be put toward a new processing plant.The company followed with additional funding news on April 18, when it closed a C$1.35 million private placement with proceeds earmarked to finance further exploration at Igor. PPX shares reached a quarterly high of C$0.60 on March 13. Buy now , 4. Sun Peak Metals (TSXV:PEAK) {"@context":"http://schema.org","@type":"Corporation","name":"Sun Peak Metals Corp.","url":"http://www.sunpeakmetals.com","description":"Sun Peak Metals Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals. It is focused on the exploration and discovery of gold and copper targets on the Shire Project in Ethiopia. The Shire Project is comprised of four exploration licenses and covers more than 1,000 square kilometers in northern Ethiopia.","tickerSymbol":"TSXV:PEAK","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648078&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648078&width=210"} Company Profile Year-to-date gain: 135.71 percent; market cap: C$42.68 billion; current share price: C$0.495Sun Peak Metals is a gold exploration company operating in the Arabian Nubian Shield in Ethiopia. Its flagship Shire project consists of six exploration licenses covering an area of 1,450 square kilometers in the northern part of the country. Early work by Sun Peak has revealed approximately two dozen gold and copper targets at the site. Work on the project was stymied in November 2020 as war broke out between the Ethiopian government and the Tigray People’s Liberation Front. Operations at Shire remained suspended until February 7, when the company announced that a force majeure put in place to protect workers during the conflict had been lifted on three licenses. The company said it expects the restrictions on the remaining three licenses to be lifted at a later date. The company’s most recent announcement came on April 4, when it commenced drilling at Shire. Sun Peak has 6,000 to 7,000 meters planned for 2024 and will focus on the Hamlo prospectSun Peak's share price hit a high of C$0.54 for the quarter on March 12. Buy now , 5. Bluestone Resources (TSXV:BSR) {"@context":"http://schema.org","@type":"Corporation","name":"Bluestone Resources","url":"https://www.bluestoneresources.ca","description":"Bluestone Resources Inc is a natural resource company. It is engaged in the process of exploring mineral resource properties.","tickerSymbol":"TSXV:BSR","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51148719&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51148719&width=210"} Company Profile Year-to-date gain: 134.78 percent; market cap: C$75.8 million; current share price: C$0.54Bluestone Resources is a gold exploration and development company operating out of Guatemala. Its flagship property is the Cerro Blanco gold project, located near the town of Asunción Mita 160 kilometers from Guatemala City.In a resource estimate from July 2021, the company reported measured and indicated amounts of 3,089,000 ounces of gold and 13,445,000 ounces of silver at the site. Bluestone is also developing the Mita geothermal project, which will provide power for the mine when it is complete.Shares of Bluestone soared early in the year following an announcement on January 18, when the company said that an amendment to its environmental permit for Cerro Blanco was approved by the Guatemalan government. The initial application for the site was for the development of an underground mine, but in November 2021 Bluestone applied for an amendment to switch to surface mining. The company said the change will increase the size of the project's layout, but the fundamental elements will remain unchanged.Shares of Bluestone reached a quarterly high of C$0.59 on January 18. Buy now , Don’t forget to follow us @INN_Resource for real-time updates! Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - Natural gas breaks down from a symmetrical triangle on a drop below Wednesday’s low before finding support at 1.60 and bouncing. The high for the day was 1.675, which completed a test of resistance at the long-term downtrend line. Support is around the most recent

FXEmpire.com - Natural Gas Natural Gas 250424 Daily Chart Natural gas tests new lows as traders react to the EIA Weekly Natural Gas Storage Report, which indicated that working gas in storage increased by 92 Bcf from the previous week.

FXEmpire.com - Gold Gold 250424 Daily Chart Gold rebounds as demand for safe-haven assets is rising after the release of the disappointing U.S. GDP Growth Rate report.

First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) reported its Q1 results on Tuesday (April 23), revealing a net loss of US$159 million (US$0.21 per share) and an adjusted loss of US$154 million (US$0.20 per share).The company's gross profit came in at US$156 million, with EBITDA at US$180 million, both lower than last year.These downturns have been attributed to disruptions at First Quantum's Cobre Panama mine, which led to it being taken offline and placed in a preservation and safe management phase in November 2023.With those circumstances in mind, First Quantum emphasized its commitment to managing its finances. The firm completed a "comprehensive refinancing package" during Q1, along with other initiatives to strengthen its balance sheet, and said this has given it the ability to deliver the S3 expansion at its Zambian Kansanshi copper-gold mine. “The company’s outlook reflects First Quantum’s enduring commitment to the success of our Zambian operations,” said CEO Tristan Pascall. “We recognize the challenges Zambia faces from the drought this year, particularly in regard to food security, even as we are pleased to be finalizing agreements to ensure adequate power supply to Trident and Kansanshi."As its stands, the Kansanshi S3 expansion project is progressing as planned, with construction activities underway and the majority of capital spending expected in 2024. First production is anticipated in 2025. Regarding production, First Quantum's total copper output for the first quarter was 100,605 metric tons (MT), with copper sales volumes slightly exceeding production. Kansanshi reported copper production of 31,473 MT, while Sentinel reported 62,225 MT. Enterprise produced 4,031 MT of nickel, with a focus on ramping up mining operations.Looking ahead, First Quantum anticipates being able to secure power independently from alternative sources in response to power supply reductions in Zambia. Additionally, the company remains actively engaged in managing preservation and safe management costs at Cobre Panama and adjusting its operations accordingly. Rippling effects from Cobre Panama closure First Quantum's sales revenues declined from US$1.22 billion in the previous quarter to US$1.04 billion in Q1, reflecting the impact of the production halt at Cobre Panama and operational adjustments in response to external factors.This decrease was partially offset by improved gross profit, which rose from US$87 million in Q4 2023 to US$156 million in Q1, indicating enhanced operational efficiency and cost-management measures undertaken by the company.In terms of operational performance, First Quantum reported a general decrease in copper production to 100,605 MT in Q1 2024, compared to 160,200 MT in the fourth quarter of last year.Gold production and sales, along with nickel production and sales, also exhibited fluctuations across operations.In anticipation of the upcoming national elections in Panama, the company remains optimistic about the prospect of resolving the dispute surrounding Cobre Panama. Among other points, First Quantum has expressed confidence in its ability to remove already mined copper concentrate from the site post-election.“Obviously, in the context of election politics and a strong debate around that, the balance of probability probably spills over after the election,” said Pascall during a conference call. Cobre Panama, which accounted for about 1 percent of global copper output and contributed significantly to First Quantum's revenue, has been a focal point of negotiations between the company and Panama's government. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

South32's (ASX:S32,OTC Pink:SHTLF) latest quarterly report reveals how Tropical Cyclone Megan has impacted its Australian manganese operations in Groote Eylandt, located in the country's Northern Territory.The company reported a 13 percent decline in saleable production of the metal at the location, amounting to a reduction of 352,000 wet metric tonnes over the nine month period ended in March of this year.The cyclone, which wreaked havoc on March 16 and 17, unleashed rainfall of 681 millimetres accompanied by powerful wind gusts, marking it as the second strongest cyclone to hit the area in the past two decades.The extreme weather inflicted damage on critical infrastructure at South32's manganese site, notably the wharf responsible for shipping manganese ore and a haulage bridge connecting mining areas to processing facilities.Despite the setback, the company witnessed progress elsewhere, with aluminum production seeing a 1 percent increase year-to-date, with record production achieved at Hillside Aluminium and Brazil Aluminium ramping up.For its part, the Cannington operation in Australia recorded a 15 percent uptick in payable zinc equivalent production, attributed to higher metal grades and effective mitigation strategies following adverse weather. Illawarra Metallurgical Coal, which South32 has agreed to sell to Golden Energy and Resources and M Resources, saw a significant 60 percent increase in saleable coal production, driven by improved longwall performance. Conversely, Sierra Gorda experienced a 13 percent decrease in payable copper equivalent production due to lower planned copper grades.Regarding the resumption of operations in Groote Eylandt, the company expects a delay due to the extensive damage.Engineering studies are currently underway to assess the extent of the damage to the wharf and haulage road bridge, with the aim of informing the final schedule and capital costs for restoration. Preliminary estimates suggest that wharf operations and export sales are anticipated to resume in the third quarter of the firm's 2025 fiscal year. Development and exploration updates​ On the development side, South32 announced plans in Q1 to move forward at its Taylor deposit. "We approved development of the Taylor zinc-lead-silver deposit at our Hermosa project, which is expected to deliver attractive returns over multiple decades and unlock further value as the first phase of our regional scale opportunity,” said CEO Graham Kerr. Taylor is located at the company's Hermosa project in Arizona. This decision from South32 came after a comprehensive feasibility study confirming the project's potential to be a long-term, low-cost and low-carbon operation. The company expects to invest approximately US$2.16 billion in capital expenditure, and anticipates first production from Taylor in the second half of its 2027 fiscal year.The company remains committed to other exploration and development activities at Hermosa as well. Future areas of growth include the Clark manganese deposit and polymetallic prospects like Peake and Flux. Don't forget to follow us @INN_Australia for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

A study of analyst recommendations at the major brokerages shows that Companhia Siderurgica Nacional (Symbol: SID) is the #47 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals C

In trading on Thursday, shares of Cleveland-Cliffs Inc (Symbol: CLF) crossed below their 200 day moving average of $17.88, changing hands as low as $17.72 per share. Cleveland-Cliffs Inc shares are currently trading off about 2.3% on the day. The chart below shows the one year

The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Thursday was $941 per metric ton c&f for 6,000 tons of sunflower oil, traders said.

Turkey's spectacular breakthrough as an exporter of durum wheat has spared pasta fans another year of price pain and the country is poised to remain a crucial source of the ingredient prized in Mediterranean cuisine.

Ryanair CEO Michael O'Leary said he wants Boeing's new head of commercial airplanes division Stephanie Pope to stay in the role to fix production problems rather than be considered a contender as the planemaker's new head.

Vietnamese coffee prices rose to an all-time high this week, supported by exceptionally tight supplies and concerns dry weather would reduce next year's crop, traders said Thursday.

Faced with a failing date palm business due to scarce resources, Iraqi farmer Ismail Ibrahim has planted "sidr", or jujube, trees which require far less water during an irrigation crisis.

Saudi Arabia issued tender to buy 595,000 metric tons of wheat for June-July arrival, its state wheat buying agency, the General Food Security Authority (GFSA), said on Thursday.

The European Commission forecast that the European Union's main wheat crop will fall to a four-year low in 2024/25 due to a drop in the planted area.

The governments of Poland and Ukraine meet in Warsaw on Thursday for talks they hope will help defuse a row over grain imports that has caused mass protests by farmers, but a top Polish official said a breakthrough was unlikely.