Initially, Nexus Gold plans to drill over 1,000 meters to test several targets for mineralization potential. McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in redIn a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it is getting a crew and the necessary equipment to its McKenzie gold project in Ontario's Red Lake District for its imminent drill program.D...Read More
Ely Gold Royalties will retain a 2% net smelter returns royalty on any future production there. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to provide Provenance Gold an option to buy 30 unpatented lode mineral claims covering two miles of the White Rock gold project in Nevada.According to the agreem...Read More
X-Terra Resources recently completed a $22 million bought-deal financing. X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) began its 2020 exploration program its Troilus East property on northern Quebec's Frotet-Evans greenstone belt, it announced in a news release.In the campaign's first phase, the team will prospect and sample already defined targets and, if appropriate, conduct manua...Read More
Gold is original money. As such, it is the measure of value for everything else.Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over...Read More
Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:...Read More
Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.After entering negative te...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Gold is original money. As such, it is the measure of value for everything else.Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over...Read More
Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:...Read More
Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.After entering negative te...Read More
Strengths? The best performing precious metal for the week was gold, up 2.78 percent. After its 1.7 percent drop last Friday, gold rose back above $1,700 an ounce this week as investors took advantage of buying the dip. Commerzbank AG analyst Carsten Fritsch told Bloomberg that gold price declines are still seen as a buying opportunity. "Central banks are not expected to revers...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Strengths? The best performing precious metal for the week was gold, up 2.78 percent. After its 1.7 percent drop last Friday, gold rose back above $1,700 an ounce this week as investors took advantage of buying the dip. Commerzbank AG analyst Carsten Fritsch told Bloomberg that gold price declines are still seen as a buying opportunity. "Central banks are not expected to revers...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Frank Holmes of U.S. Global Investors drops in for a wonderful interview on why he believes Fed chair Jerome Powell's recent comments make it even more imperative for investors to own gold and tells us why he sees similarities in what we saw last year in palladium and what we're going to see in gold and silver. He also comm...Read More
Investment manias are nothing new on Wall Street, but this time the heavy betting is on the mania itself. Speculating on volatility is the latest fad, and it is metastasizing so quickly that in just two short months wagers that the stock market will grow even crazier have become the actual cause of its craziness. The bets mainly involve derivatives, including options and ETFs that are ti...Read More
Steve St. Angelo, SRSrocco Report The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion. While it's no secret that shale oil wells suffer high decline rates, what is taking place in the country's largest oil field is quite alarming. The rate at which shale oil production is declining in the Permian should worry investors. In just three...Read More
We are on the horns of a dilemma, caught between the Scylla and Charybdis, a rock and a hard place, the devil and the deep blue sea, the anvil and the hammer. The walls are closing in. We're in a tight spot.All those metaphors (I could list more but will spare you) fit the present economic situation (some are now calling the omni-crisis) and I think will also describe the 2020s.Thanks to forces...Read More