Predicting where a stock will be in 10 years is a difficult task. Doing so for a mining stock is even tougher.Still, there are several important clues that can help us predict the future more clearly.Take Barrick Gold Corp (TSX:ABX)(NYSE:GOLD) for example. Over the last decade, shares have lost more than half of their value.After its multi-billion merger with Rangold and a new joint venture with N...Read More
Commodity prices are broadly down over the past month, and one has to wonder if it all isn't spelling trouble for certain leading Canadian metals and mining stocks.Negotiations between China and the United States hit another bump in the road with the U.S. announcing on Friday plans for additional tariffs on Chinese imports.But while the absolute dollar amount the new tariffs sounds onerous, they'r...Read More
When this year started, I’d argued that investors should keep gold in their portfolios. Central banks had seemingly capitulated on their rate-tightening paths in late 2018. This spurred a stock market run in the first quarter of 2019. The yellow metal managed to hold steady for much of the year before a dip in April.The deterioration in trade talks between the United States and China has rat...Read More
The price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday's market action as a preview of what's in store going forward as price discovery once again engulfs the stock market and causes the most extreme stock bubble in U.S. history to deflate.Despite the fact that it seems to be taking...Read More
China yesterday announced plans to raise tariffs on about US$60 billion worth of US imports in retaliation to America's move last week to increase duties on about $200 billion worth of Chinese imports.The US then released a further list of about $300 billion worth of Chinese goods that could be hit with a 25% tariff, Bloomberg reported earlier.The tariff tit-for-tat has escalated after the pair fa...Read More
On Sunday I saw my mother. The rain was falling in waves from the sky and getting tossed back up from the truck tires on 695. A big blow rolling up the East Coast, some remnant of the disaster storms that flooded the Midwest, I supposed.The deluge had been going on for days, overflowing the gutters and rotting the soffits. Another chore I'd have to deal with at some point. Mother was today's duty....Read More
Pucara Resources is a privately held Canadian grassroots gold explorer and project generator company focused on Peru. At PDAC 2019, we learned from Steve Zuker, President & CEO of Pucara Resources, that they are primarily focused on the underexplored Ayacucho area of South-Central Peru, where they have 14 projects, of which 3 are ventured to tier-one mining companies. Two other properties are mult...Read More
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. The team of proven mine-builders is advancing a portfolio of exploration and development projects, including the Mengapur Copper-Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects in Western Australia, towards becoming a mid-ti...Read More
May 14, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce its 2019 exploration plans at its wholly owned Thorn project, which will focus on two large scale copper porphyry targets on the property.Phase 1 Highlights Planned phase one drilling of a 1,000 metre hole at the Oban diatreme breccia, which is part of the Camp Creek coppe...Read More
Iamgold (TSX: IMG; NYSE: IAG) has announced that it plans to begin production at its Saramacca open-pit gold deposit in the second half of 2019. The mine is located 18 km from the company's Rosebel mine in Suriname.Ore is expected to arrive at the Rosebel mill later in the year. The project's Environmental and Social Impact Study was approved in January, allowing for infrastructure construction to...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
Once upon a time, the sun never set on the Empire.Its Army and Navy unrivaled, it was like something never seen before. In many ways, it hasn't been seen since.But in its glory it fell into decadence and it found its downfall.Overly dramatic? The trope-filled realm of what passes as drama these days?Perhaps, but we're not as far from it today as we'd pretend. I think a lot of people can feel it, a...Read More
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"5 Top Weekly TSX Stocks: Aquila Resources Jumps on Court Decision. Take a look at who were the other top gainers on the TSX last week at https://t.co/4cIX9AnuVS #TSX #mining #stocks"Read full newsRead More
"5 Top Weekly TSXV Stocks: Braveheart Closes Acquisition. See who were last week's other top gainers at: https://t.co/0tSVxo2k7s #TSXV #investing #stocks"Read full newsRead More
By: David Chapman "Peace, commerce, and honest friendship with all nations...entangling alliances with none" Thomas Jefferson, U.S. president 1801-1809, 1743-1826 "Every man lives by exchanging." Adam Smith, Scottish economist, moral philosopher, pioneer of political economy, author, known as the ''Father of Economics,'' 1723-1790 "Sooner or later every war of trade becomes a war of blood....Read More
StrengthsThe best performing metal this week was gold, up 0.54 percent. Gold traders ended the week neutral on the price of gold as many are awaiting more details on the trade talks between the U.S. and China, according to the weekly Bloomberg survey. The BullionVault gold index measuring the balan...Read More
My minimum upside target for the S&P 500 is still 3095, about 7.4% above these levels, and I am sticking with it. A corresponding rally in the Dow Industrials would leave them just shy of 28,000. Let me also mention that last week's nasty selloff would have tripped a 'mechanical' buy signal if the S&Ps had fallen just a little farther. The rally targets are purely technical and go directly aga...Read More
Traders will prefer to be long gold than short gold. I was hoping that sense will prevail in Trump and that a trade deal would be done with China on the weekend. Trump tweets suggest that he has refused to budge and will not budge for the rest of the his term which ends in January 2021. It is very difficult to predict the real long term impact of the US-China trade on China and rest of the wor...Read More
The cannabis plant that we consume is a female plant, writes Diana-Ashley Krach. In cannabis breeding, theRead full newsRead More