The new arrangement will go into effect at the end of this month. Pretium's Brucejack MinePretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release it reached an agreement to reacquire all of its gold offtake for about $80 million on Sept. 30, 2019. In doing so, it will eliminate its 2015 construction financing package. "Brucejack's robust cash flow has enabled us to pay down the con...Read More
Most recent exploration work, specifically a drill program, was done there between 2005 and 2007. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that its subsidiary Nevada Select Royalty acquired 100% of the Scoonover Royalty in Nevada for $25,000 from a third party.The Schoonover royalty is a 1% net smelter return royalty covering 110 unpatented mining claims on two...Read More
The reasons to be optimistic about this company are covered in a BMO Capital Markets report. In a Sept. 11 research note, analyst Andrew Kaip reported that his firm BMO Capital Markets upgraded its rating to Outperform and raised its target price to $50 per share from $40 on Newmont Goldcorp Corp. (NEM:NYSE). Driving those positive changes are BMO's improved outlook for the mining company and the...Read More
Gold has been on a tear lately. This has lead to many of you asking me why the precious metal is breaking out and if this is the start of the next bull market.Gold is rallying primarily due to central bank issuing forward guidance. What I mean by this is that globally central banks have made it clear that they are going to be cutting rates and launching new QE programs going forward.This is result...Read More
On the weekend, there was a drone attack against theworld’s largest oil processing facility and a major oilfield in Saudi Arabia.Oil prices have predictably spiked, but how will this geopolitical shock affectthe gold market in the days ahead? WhatHappened?On Saturday, the drone bombings struck the Abqaiqoil-processing plant and the Khurais oil field in Saudi Arabia. Both areimportant facilit...Read More
MichaelNowak, the global head of trading for both base and precious metals at JP Morgan Chase, has been charged by the US Justice department for his role inan illegal market manipulation operation. Executive Directors Gregg Smithand Christopher Jordan were also indicted.The three are the latest targets in a widening DOJ criminal probe.Nowakand Smith and Jordan are the third, fo...Read More
After the news of the drone attack on the Saudi Arabia oil refinery, traders knew this week would be full of bigger price moves, reversals and some real opportunity for profits. We were also well aware of the risks of engaging in these market moves prior to fully understanding the dynamics of this event. We heard from many of our friends in the industry about open positions that were n...Read More
Way back in January, I showed you that the price of gold had beaten the S&P 500 Index over a number of different time periods, including the month, quarter, year... and even the century (so far!).Last week it was brought to my attention recently in a tweet by Charlie Bilello, director of research at Pension Partners that the yellow metal has also outperformed arguably the greatest living investo...Read More
By: Avi GilburtSeveral weeks ago, the market was in a precarious posture, and had an opportunity to drop down to my next lower targets between 2600-2700SPX. But, it invalidated the set up to point us down there for now, and began pointing back up towards resistance.As I said in my last article on the SPX several weeks ago:Over the last week, we were giving the S&P 500 an opportunity to prove tha...Read More
By: Ira EpsteinGold should have risen $30-40 off the Saudi attack news. Daily gold chart is not looking so bullish..Read More
Inability of gold and silver to rise yesterday, in my view was just profit taking and nothing else. Most of the traders were long or are long before the FOMC tomorrow. So basically zero effect on intraday price move. However gold and silver have risen in all currencies except the US dollar. Gold prices rose in Indian rupees and other Asian currencies. Another reason to short the US dollar Index...Read More
The hunt for money is moving into high gear in Germany. Prior to 2017, it was possible to buy gold anonymously in quantities up to ?,?15,000. In 2017, this limit was reduced to ?,?10,000. Now, Merkel has drastically reduced this limit to just ?,?2,000 beginning in 2020. Any transaction greater than that amount requires the buyer to prove their identity and give their data to the gold trader.While...Read More
Dear Rich Lifer,Although the U.S. economy continues to grow and add jobs, talk of the dreaded "R" word is on the rise due to a number of worrying signs.Yes, I'm talking about a "Recession".Between the ongoing trade war with China, an inverted yield curve, and the Federal Reserve lowering short-term borrowing costs, investors are starting to get spooked.A question I get asked a lot is what should r...Read More
Rick Rule, president and CEO of Sprott US Holdings, provides his insights on today's junior resource market and the opportunities available to speculators. Rick shares his key takeaways from the 2019 Sprott Natural Resource Symposium and comments on the type of money flowing into the gold equities. Rick offers his current thoughts on how investors might look to profit from the expected divestiture...Read More
Why are big money managers and investors like Ray Dalio and Mark Mobius telling people to buy precious metals? Do they see the economy hitting the wall? Analyst and entrepreneur Karl Denninger says, "Everyone sees the wall. Everyone sees the problem. The monthly Treasury statements are public. Go pull it up on a computer. . . . It is the general ledger of the federal government, and it's terrible....Read More
"The Navy designates the objects contained in these videos as unidentified aerial phenomena" (UAP), Gradisher saidContinue...Read More
Gundlach put the odds of a recession before the 2020 election at 75%, predicting that once the recession hits, there will be an explosion in the national debt.Continue...Read More
A slight pullback in gold should not deter investors from the fact that the yellow metal is still in a bull market, especially after sentiment has shifted in its favor recently, said Adrian Day, CEO of Adrian Day Asset Management."I think the most important thing that has happened in the last six months is there's a change in sentiment. When you have a change in sentiment, it means that gold will...Read More
Links to slides and sources: https://www.itmtrading.com/blog/negat...Question 1. Jason S: If and when US rates go negative, can you explain how those negative bond rates will translate into the rates impacting everyday retail banking products and instruments?Question 2. Scuba Duba: I'm in the MF industry. Almost every wholesaler says "everything is fine!" What is the #1 thing i can put in front of...Read More
"We often received a key piece of feedback: make sure the board is independent from Facebook. One way we're addressing this is by establishing an independent trust. The Oversight BoardContinue...Read More