Where are zinc prices headed? It's a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.While zinc's macro-fundamentals could arguably support more robust prices, the metal's price has languished since its decade-high rally to US$1.63 per lb. (US$3,595 per tonne) in early 2018, and has struggled to break above US$1.36 per lb., or US$3,000 per tonne....Read More
Several years after its discovery, Tinka Resources (TSXV: TK) has delivered a preliminary economic assessment (PEA) on the zinc sulphide deposit at its wholly owned Ayawilca project, 200 km northeast of Lima in central Peru.The PEA tables a US$363-million after-tax net present value (NPV), with an 8% discount rate, and a 27.1% after-tax internal rate of return on the zinc sulphide deposit, along w...Read More
The S&P/TSX Venture Composite Index climbed 0.16% to 592.89 during the trading week.Drill results and exploration success at its Dixie project in the Red Lake district of Ontario sent Great Bear Resources up 17 ? to $5.60 per share. On July 24 the junior announced a 5-metre assay of 14.32 grams gold per tonne within a 12-metre intercept of 5.87 grams gold per tonne. The hole was drilled near a pre...Read More
The Dow Jones Industrial Average rose 0.14% to finish at 27,192.45, and the S&P 500 Index jumped 1.66% to 3,025.86. Spot gold fell US$6.70 per oz. to US$1,418.30 per ounce.Arch Coal topped the charts with a gain of US$4.79 to US$91.48. The company reported net income in the second quarter of US$62.8 million, or US$3.53 per diluted share, compared with net income of US$43.3 million, or US$2.06 per...Read More
The S&P/TSX Composite Index posted a 0.27% gain to 16,531. Spot gold stayed above the US$1,400 per oz. threshold, finishing at US$1,418.30 per oz. - down US$6.70 per oz., or 0.47%. The S&P/TSX Global Gold Index lost 2.23% to end at 205.82, while the S&P/TSX Global Base Metals Index lost 2.11% to 110.20, and the S&P/TSX Global Mining Index lost 2.32% to 79.54.Intermediate gold producer Torex Gold R...Read More
European Central Bank (ECB) President Mario Draghi publicly announced last week that the outlook is getting "worse and worse," to no surprise of anyone with a calculator and some basic critical thinking skills.The ECB decided to hold rates steady last week but made it clear that stimulus from the ECB is on the way.The European Central Bank president also said last Thursday that it is unquestionabl...Read More
- Ronan Manly, Bullion StarLast month, a BullionStar article titled "The Fifth Wave: A new Central Bank Gold Agreement?" brought your attention to the fact that the fourth and current round of the Central Bank Gold Agreement (CBGA) run by a cartel of heavyweight central banks in Europe was about to expire, and that these gold agreements, which have been running in rolling five year periods sin...Read More
July 26th, 2019(S14-E706)Featured GuestsMary Joyce& John ScurciPlease Listen HereInterview RecapMary Joyce worked for two major metropolitan area newspapers as a writer, columnist, artist.The discussion begins with her work at WCU, with a local and respected individual.The tunnels included tiny skeletons, approximately 3 feet in height of full-grown humanoids.Chris notes his research in the s...Read More
Thank you for joining us in a weekly technical look at the mid-cap-oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index made a bid to break through 1130 resistance but could not close above 1125 and in the end dipped 6.39 points to close at 1116.39 for a nominal 0.56% loss. MACD dropped 0.37 points to -0.77. RSI fell 8.15 points to 49.56.Support is now at 1120.30...Read More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the...Read full newsRead More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
We learned from Michael Ferreira, President and CEO of X-Terra Resources Inc. (TSXV: XTT, FRANKFURT: XTR), that they have recently signed an option agreement for the property in New Brunswick that has potential for a high-grade gold discovery, and are currently focusing their efforts on exploration there. According to Mr. Ferreira, the property is a vast undrilled virgin territory, with very littl...Read More
Founded in 1994 by Ross Beaty, Pan American Silver Corp. (NASDAQ:PAAS, TSX:PAAS) is the world's second largest primary silver producer, providing enhanced exposure to silver through a diversified portfolio of assets, large reserves and growing production. The Company owns and operates mines in Mexico, Peru, Canada, Argentina and Bolivia. We learned from Siren Fisekci, VP Investor Relations and Cor...Read More
Publisher's Note: President Trump recently nominated a prominent gold bug, Judy Shelton, to the Fed and the politicians and partisans on both sides are abuzz.Read on for an excerpt from The Dines Letter for a realistic look at how investors should consider the Fed, currencies, and gold.Call it like you see it,Nick HodgeHe is rich who owes nothing, and is satisfied....Read More
A large chunk of Australia is built on mineral exports, and here INN takes a look at the country's five most valuable exports.Read full newsRead More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More