Underground mining at MAG Silver's joint venture project is expected to commence soon. In a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) presented its operational and financial highlights of Q2/20, which ended June 30, 2020, and afterward.On June 1, 2020, immediately after the Mexican government lifted its Covid-19 mandate on May 30, work was restarted at Juanicipio, a joint venture proje...Read More
Tonight lets take a look at the bad boy of the PM complex, silver. If you’ve been following silver for any length of time then you know it can be aggravating at times as we’ve seen fairly recently when gold and the PM stocks have been running pretty hot to the upside while silver just sat there doing its job of frustrating as many investors in the PM complex as it could. Finally, three...Read More
When aggregatedemand contracts, debts default, credit tightens, the velocity of money plunges,deflation ensues and capital, i.e. circulating credit and debt, is destroyed.In the extreme state of hyper-deflation, central bankers try to offset fatallyaccelerating capital destruction by creating even more money to replace thatwhich is being destroyed.TheUnited States printed more money in June than i...Read More
Disclaimer: The following is my opinion and is not intended as investment advice. I don’t know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.I have been waiting for Silver to take off since 2005 when I was sure the economy and the dollar were going to collapse. [1]The economy should have g...Read More
Following the July 08, 2020 Market Minute titled: What is driving gold up?. We highlighted the main factors pushing gold prices upward. Are those factors still there? And if so, how much further is the precious metal going to rise (Chart 1)? One of the main reasons gold prices are advancing is due to the prolonged decline in U.S. Treasury bond yields (Chart 2). The yellow metal prices started the...Read More
Former Barrick Gold Executive with Proven Track Record as Mine Builder and OperatorELKO, Nev., Aug. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. George Bee has been appointed as President.Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He...Read More
Ely Gold Royalties purchased these properties from prospector Ken Snyder. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release that through its subsidiary, Nevada Select Royalty, it agreed to acquire three net smelter returns (NSR) royalties on Nevada properties from prospector Ken Snyder for a total consideration of $350,000 in cash. The transaction is expected t...Read More
Magna Gold plans to commence exploration and drilling at the property immediately. Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) entered an agreement to acquire from a private party 100% interest in the Los Muertos silver-gold project in Sonora, Mexico, it announced in a news release."Los Muertos exactly fits into our exploration pipeline profile," Magna Gold President and CEO Arturo Bonillas said in...Read More
Peter Epstein of Epstein Research explains how First Cobalt Corp. is "wisely unlocking the value of silver assets" in a precious metals bull market. Note: Subsequent to the publishing of this article, management announced a modest CA$2 million (CA$2M) equity capital raise. First Cobalt Corp. (FCC:TSX.V; FTSSF:OTCQX; FCC:ASX) announced a strategic review of its considerable silver prospects in Ca...Read More
Silver prices continue togain this week, rising off the biggest monthly rally since 1979, amid a slew offactors that are pushing precious metals higher. As of this writing,silver was nudging $27 an ounce, adding more momentum to its steep climb above$20, which began around the third week of July. Silver last month gainedan astonishing 35%, as investors sought shelter from pandemic...Read More
The extraordinary run up in precious metals markets continues as silver makes some truly epic percentage gains while gold pushes further into record territory. As of Friday morning, gold prices had pulled back but are still up 3.1% for the week to trade at $2,044 per ounce. Gold is advancing now for the ninth consecutive week, with the biggest pops occurring over the past three.Silver, meanwhile,...Read More
This week gold priceshave smashed one record after another, well surpassing the previous high set in2011, of $1,920 an ounce. At time of writing, spotgold’s last bid was $2,064.10.The usual suspects arebehind the surge, ie., worrisome covid-19 infections, geopolitical concernsespecially US-China tensions over trade (PresidentTrump tried to force China-owned TikTok into selling its US op...Read More
For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right about this issue. According to the July World Flash report by IHS Markit, we can read that “the new wave of infections has redu...Read More
Acquisition Brings Seasoned Mining Industry Professionals and up to $8.0 Million in Additional CapitalELKO, Nevada, Aug. 12, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") a gold exploration and development company, is pleased to announce it has closed the acquisition of Northern Panther Resource Corporation ("Northern Panther") in an all-share transaction pursuant to a merg...Read More
Aug 14, 2020 Guest(s): Sean Fieler President, Equinox Partners Gold's selloff this week was characteristic of a bull market, said Sean Fieler, president and CIO of Equinox Partners, a value-oriented gold equities hedge fund. Fieler maintains a constructive stance on gold and gold stocks in the long term, owing to abnormal monetary policy from the U.S. Federal Reserve."This crisis has taken our f...Read More
Aug 14, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals In an interview on Wednesday, Hug noted that precious metals prices were over-extended after both metals had phenomenal runs. In the past weeks, gold hit a record high and silver achieved a multi-year high."Silver ran up to $30. Gold ran up to almost $2,100--all a little too quickly in my opinion," said Hug. "That's when the...Read More
Silver prices continue togain this week, rising off the biggest monthly rally since 1979, amid a slew offactors that are pushing precious metals higher. As of this writing,silver was nudging $27 an ounce, adding more momentum to its steep climb above$20, which began around the third week of July. Silver last month gainedan astonishing 35%, as investors sought shelter from pandemic...Read More
The extraordinary run up in precious metals markets continues as silver makes some truly epic percentage gains while gold pushes further into record territory. As of Friday morning, gold prices had pulled back but are still up 3.1% for the week to trade at $2,044 per ounce. Gold is advancing now for the ninth consecutive week, with the biggest pops occurring over the past three.Silver, meanwhile,...Read More
This week gold priceshave smashed one record after another, well surpassing the previous high set in2011, of $1,920 an ounce. At time of writing, spotgold’s last bid was $2,064.10.The usual suspects arebehind the surge, ie., worrisome covid-19 infections, geopolitical concernsespecially US-China tensions over trade (PresidentTrump tried to force China-owned TikTok into selling its US op...Read More
For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right about this issue. According to the July World Flash report by IHS Markit, we can read that “the new wave of infections has redu...Read More