Gold is headed for its worst two-day drop in history as pandemic panic grips global financial markets.Image: The ScottGold for delivery in April come close to crashing through the $1,500 level on the Comex market in New York on Friday, down $86 an ounce, or 5.4% from yesterday's closing price of $1,590.30 an ounce. By the close on Friday, gold pared some of those losses, closing at $1,520.Contract...Read More
Port of Tanjung Perak, Indonesia. Credit: Wikipedia Global nickel production will drop significantly over 2020, as major producer Indonesia's nickel ore export ban comes into effect, Fitch analysts assert in a recent report. This drop will be slightly offset by the impact of rising production growth in the Philippines where some currently suspended mines will become operational again, while the c...Read More
The MCSA Mining Complex within Cura???? Valley. Credit: Ero Copper Ero Copper (TSX: ERO) reported its highest ever annual copper production of 42,318 tonnes for 2019 - a 39% year-on-year increase - at a record low cash cost of $0.93 per pound of copper produced.Net income attributable to owners of the company reached $91.9 million or $1.01 per share, also a record high. Cash flow from operations...Read More
Cauchari-Olaroz project in Argentina. Image courtesy of Lithium Americas Corp Lithium Americas (TSX: LAC, NYSE: LAC) announced Friday that it expects a delay on the construction of its Cauchar?--Olaroz lithium project in Jujuy, Argentina.The company said the construction was set to be completed by the end of 2020, but noted there will be delays of up to 90 days in the delivery time for some equip...Read More
Duluth, Minnesota. Credit: Wikimedia Commons. The Minnesota Section of the Society for Mining, Metallurgy &Exploration (SME) announced Friday the cancellation of the 2020 SME MNConference. The regional conference had been scheduled to be held at the DuluthEntertainment Convention Center April 6-8, 2020. The event was cancelled because of growing concerns about the globalspread of the coronavirus...Read More
Welborn now directly holds 3.Read More
A substantial shareholder notice lodged this morning shows Squadron spent A$9.1 million buying 44.9 million Panoramic shares since the end of January. It gives Squadron an initial 5.Read More
Yesterday, markets suffered their worst day since the Black Monday crash of 1987, as coronavirus panic continued to grip investors, triggering the second trading halt of the week.How bad is it? Seven of the top 10 largest daily point drops in the Dow have occurred over the past three weeks!Dow Jones Largest Daily Point LossesThe CBOE Volatility Index (VIX), used to measure the level of fear, risk,...Read More
The world needs to limit global temperature increases to between 1.5 and 2 degrees Celsius by the end of this century to avoid devastating climate change, according to the Intergovernmental Panel on Climate Change, a United Nations body that provides policymakers with scientific information about climate change.Atmospheric concentrations of CO2 are now well over 400 parts per million and global em...Read More
I'll be honest.I didn't take the coronavirus seriously at first.I'm not a reactionary person and I've seen similar panics spring up around Ebola and SARS.Even now, the fact that I'm in my 30s means that even if I contract the disease, I'll have a 99.8% chance of survival.I'm no stranger to market crashes, either.I first started in this business in 2007. I barely had a year before the greatest fina...Read More
Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More
Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More
By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More
Houston, Texas--(Newsfile Corp. - March 11, 2020) - There's a global march toward psychedelics for medicinal benefits.While research has been off limits for decades, that's quickly changing - and fast. In recent years, the US FDA granted Breakthrough Therapy designation for Compass Pathways'Read full newsRead More
These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak...Read full newsRead More
Rio Silver Inc. has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $264,400. Upon the completion of the first tranche of the financing, the company issued 5,288,000 units at a price of five cents per unit. Each unit consists of one common share and one transferable share purchaseRead full newsRead More
Rio Silver Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement for gross proceeds of $264,400.Read full newsRead More
Maxtech Ventures is pleased to announce it has closed the first tranche of its financings to begin its drill program on its Panama Lake Gold Project.Read full newsRead More
Today on INK Ultra Money Free, we are making the INK morning report free to everyone. Just look for the paper clip in the bottom navigation bar when playing the video. In the report, INK Research takes a look at the current US response to the COVID19 crisis and where we might be in terms of China. It also looks at a beaten down little oil stock that is making some big changes to navigate the cris...Read More
Tomorrow marks a year since Greatland Gold PLC (LON:GGP) signed an farm-in agreement with Newcrest Mining Ltd (ASX:NCM) for its Havieron project in Australia and CEO Gervaise Heddle says the progress that's been made has been 'amazing'.Read full newsRead More