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Futures, Troubadour rise

Market futures were up after a sharp lift in US stocks on renewed stimulus hopes.
Futures, Troubadour rise Futures, Troubadour rise Futures, Troubadour rise Futures, Troubadour rise Futures, Troubadour rise

Doorn vein mineralisation from Troubadour Resources’ Texas project in BC

Staff reporter

Brexit talks continue ahead of an October 15 deadline for a trade deal and China returns from a week-long holiday tomorrow.

Gold is similar to this point yesterday, at $1,887 an ounce on the spot market, while US Global Investors CEO Frank Holmes has reportedly maintained his prediction of $4,000/oz.

Junior Troubadour Resources (TSXV: TR) was the standout in Toronto.

The company closed up 128.6% to C8c yesterday, a one-year high, on signing an option to acquire 100% of a "bonanza grade" gold project in southern British Columbia.

Troubadour said recent grab samples from the Doorn vein showing at the Texas property included 241.96g/t gold; and 78.84g/t gold, 319g/t silver and 8% copper.

The explorer had listed two years ago and is focused on copper and gold in British Columbia.

Among the majors, copper producer Freeport-McMoRan rose 7.38% in New York to US$16.88, within $1 of a 52-week high.

Copper miners in Chile are voting on various wage offers this week.

It was also a positive day for mining equities in London, with both Glencore and Fresnillo closing up about 2.7%.

Finally, Barrick Gold closed down 0.5% in Toronto.