Gold is bullish. Spot gold will rise very quickly on a break of $1810. Federal Reserve policy makers pledged more support by way of more bond buying. I never understood how printing more money leads to way out of a pandemic or a recession. Central banks are not addressing the core economic fundamentals of (a) Reduction in the cost of living like school fees and college fees. (b) Creation more in...Read More
History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back a...Read full newsRead More
Today, Real Vision turns its attention to China. Ed Harrison interviews George Magnus, research associate for the China Centre at Oxford University, who assesses the situation in China and what it means for investors. Watch the premium video here.INK is keeping tabs on mining COVID-19 risks Meanwhile, INK is going full blown contrarian on COVID-19 as chatter builds in the markets that the disea...Read More
U.S. electricity consumption will collapse by a record 4.3% in 2020 due to business closures for coronavirus-linked lockdowns, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short Term Energy Outlook (STEO).Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.Read full newsRead More
Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Read full newsRead More
Comex gold futures are above US$1,800 an ounce for the second time in two weeks and flirted with a nine-year high. On the spot market, the precious metal was worth about $1,795/oz at the time of writing, a level last seen in 2012.Meanwhile, gold-backed exchange traded funds recorded their seventh consecutive month of positive flows, the World Gold Council said yesterday, closing the...Read More
The risks to the markets are many — in fact, the outlook for stocks is so complex this year that pundits are offering wildly different predictions. It seems as though just about every letter of the alphabet has been considered for a recovery model. From an L-shaped recession to a V-shaped recovery, no two projections coming from analysts match up right now.The only thing to bet on, therefore...Read More
Canadian broader markets continue to climb higher recently, despite rising economic uncertainties. TSX stocks on average have surged more than 40% in the last three months, pushing many into the overbought zone.Investors should note that the relative strength index (RSI) of a stock is a momentum oscillator that takes values between 0 and 100. A stock with an RSI above 70 is overbought, while a sto...Read More
Bayan Khundii project, Mongolia. (Image courtesy of Erdene Resource Development.) Erdene Resource Development (TSX:ERD) has released drill results from the Midfield Southeast zone of the company's 100%-owned BayanKhundii gold project in southeast Mongolia. "Drill results from the new Midfield southeast zone, including one metreof 582 g/t gold within an intersection of 5.5 metres grading 126 g/t g...Read More
The Pan mine. Photo by Fiore Gold. US-focused gold producer Fiore Gold (TSXV: F) announced Wednesday preliminary production results for the fiscal third quarter of 2020 from its Pan open-pit mine in White Pine County, Nevada.The Pan mine, located 28 kms southeast of the town of Eureka, was bought by the company out of bankruptcy in 2016 for approximately $5 million.For the three-month period, gol...Read More
The Chelopech mine is located on the southern flank of the Balkan Ranges. Credit: Dundee Precious Metals Inc. Dundee Precious Metals (TSX: DPM) has delivered strong preliminary production results from both of its Bulgarian mines and its smelter in Namibia for the second quarter of 2020. The company says it is on track to meet its previously issued guidance for 2020 at each of its operations despi...Read More
The company's exploration camp is hundreds of kilometers north of the Arctic Circle, with the team and equipment mobilized from Iceland by a charter flight and helicopters. (Image courtesy of Greenfields Exploration.) Greenfields Exploration said on Wednesday it had identified a "shopping list of high-quality acquisitions" in Greenland, which could give it about 28% of all areas under license in t...Read More
Exploration drilling along the PureGold trend Credit: Pure Gold Mining Underground drilling at Pure Gold Mining's Red Lake mine in Ontario has returned high-grade intercepts from both step-out and infill holes.The company released 10 initial assays from a 30,000-metre drill program, which started in June. These drill holes extend the mineralization around planned stopes, suggest new gold zones...Read More
Today is Wednesday, July 8, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Arch Resources (NYSE: ARCH), Clean Energy Fuels Corporation (NASDAQ: CLNE), and Baytex Energy Corporation (NYSE: BTE).Arch Resources (NYSE: ARCH)Arch Resources (NYSE: ARCH) is a $428.24 million company today with a one-year return of -67.75%. Let's look at its price-to-earnings...Read More
Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has returned to work at its Back River gold project in Nunavut, with an expanded 8,500-metre drill program planned at the 8-km-long Goose property.The junior demobilized its exploration camp staff at the project, 520 km northeast of Yellowknife, in March, due to the Covid-19 pandemic, before beginning its planned drill program (at that time a smaller...Read More
Billionaire mining investor Eric Sprott has acquired 3 million common shares of Stratabound Minerals (TSXV: SB) at a price of 5 ? per share.The acquisition was conducted through Jerritt Canyon Canada, which is controlled by Sprott. The privately held mid-tier gold producer operates the Jerritt Canyon processing plant and four gold mines located 80 km north of Elko, Nevada.Through the acquisition,...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSX-V: JG) have kicked off geophysical-gravity surveys in the Asian country's Hokusatsu Region, as part of a joint effort to uncover the nation's gold mining potential.Under a venture formed in February, known as Barrick Alliance, the companies have completed bulk leach extractable gold (BLEG) and rock chip sampling over eight of the 14 targets l...Read More
ScoZinc Mining (TSXV: SZM) has released the results of a preliminary feasibility study (PFS) on its wholly owned and permitted Scotia mine project, 62 km northeast of Halifax. The study outlines a 2,700-tonne-per-day open-pit operation, producing zinc and lead concentrates over a 14-year mine life.The proposed operation would produce an average of 35 million lb. zinc and 15 million lb. lead over f...Read More