Warren Buffett has been pretty vocal of late about the state of aggregate valuations in financial markets today. The idea that sentiment drives valuations makes stock prices seem a bit silly today. Indeed, if sentiment turns the wrong way, as we saw with the onset of this pandemic, a sharp decline could be on the horizon. Thus, the Warren Buffett mantra of being “fearful when others are gree...Read More
The rapid rise we’ve seen in the price of Bitcoin of late has been remarkable. Many have linked this increase to the maturing of cryptocurrencies as an asset class. Specifically, there is a line of thinking that cryptocurrencies like Bitcoin now represent an effective hedge against U.S. dollar depreciation and inflation. Given the nascent nature of this asset class as well as the outsized vo...Read More
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Barrick Gold (GOLD) closed the most recent trading day at $23.54, moving +0.09% from the previous trading session. This change outpaced the S&P 500's 0.04% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.28%. Coming into today, shares of the gold and copper mining company had gained 4.81% in the past month. In that same time, the Basic Materials sector gai...Read More
Chinese rare earths exports fall to lowest level since 2015Read full newsRead More
The recent rally of precious metals that started in 2020 and extends into 2021 has seen silver prices surpass gold’s 24.6% growth in the same period. Silver is valued both as an industrial metal and a precious metal. Many investors use it as a haven in times of economic and stock market uncertainties and as a hedge against inflation. Consequently, silver had a solid run, delivering more than...Read More
The financial media is perpetuating an imminent potential market crash. These ideas are supported by comments made by a number of influential individuals. Among these, Warren Buffett’s overly bearish view on the state of the overvalued markets today concerns many pundits.I think preparing one’s portfolio for a market crash is a prudent move right now. Whether or not a market crash mate...Read More
Last year, the pandemic created panic and led to some crazy rallies. Like every crisis, the stock market plunged and gold price surged, as investors consider it to be a hedge. But even gold is losing its charm as an attractive hedge. Some investors, especially hedge fund investors, got interested in Bitcoin late last year and poured in billions of dollars. Bitcoin surged from $14,880 to over $50,0...Read More
Is bitcoin’s outrageous rally in 2021 an indication the digital currency is ready to replace gold as the place of stored wealth? Even if its market capitalization is now more than that of Berkshire Hathaway, Warren Buffett is unlikely to take a position. The legendary investor has some cruel descriptions for bitcoin before, including rat poison.The legendary investor isn’t a fan of bot...Read More
Bitcoin’s dramatic rise and fall in recent weeks has put cryptocurrencies in the limelight once again. Investors reading the headlines may be at risk of falling prey to being dragged into the fray. I think the hype and hysteria surrounding these speculative assets is likely to remain strong for some time. That said, the degree to which these are extremely risky assets are unquestionable.The...Read More
The find occurred over the Christmas period from milling of ore sourced from the south western quadrant of Karowe's South Lobe.Read More
Share this article VANCOUVER - Aura Minerals Inc. [ORA-TSX; AURA32-B3] on Friday January 15 released its operational forecasts and said it is planning for a sharp increase in gold production this year.After recently declaring record high production of 204,000 gold equivalent ounces (GEO) in 2020, the company is targeting annual production of between 250,000 and 290,000 GEO in 2021.The cash cost...Read More
In 2012, four entrepreneurs moved to Palo Alto, California, with the hopes of developing a new technology to support small businesses.After surveying 200 owners in the area, the group discovered that the No. 1 problem small businesses faced was handling deliveries.At the same time the group was conducting this research, it stumbled onto another problem. Accustomed to living in a big city where foo...Read More
The Empire Club of Canada presented its 2020 Nation Builder of the Year Award on Dec. 10, with the honour given to Canada's frontline workers. The club's second annual event was a virtual ceremony to bestow the award on "the men and women who kept us safe and functioning during the most severe pandemic to hit the world in over a century."As one of Canada's oldest and most important speakers' forum...Read More
Osisko Mining (TSX: OSK) plans to raise $60 million in a bought deal financing. A syndicate of underwriters led by Canaccord Genuity has agreed to purchase 11.22 million flow through shares at $5.35 per share, and has the option to sell an additional 1.87 million flow through shares at the same price for additional proceeds of $10 million. The company will use the funds to explore its mining ass...Read More
Talon Metals (TSX: TLO) has released the latest drill results from its Tamarack nickel-copper-cobalt project in Minnesota, 89 km west of Duluth and 210 km north of Minneapolis.Drillhole 20TK0273 intersected 8.39 metres grading 8.15% nickel, 3.01% copper, 0.19% cobalt, 0.54 gram palladium per tonne, 0.62 gram platinum per tonne, and 0.17 gram gold per tonne (9.83% nickel equivalent or 26.1% copper...Read More