The spot price of gold fell below the $1,200 mark hours after the United States and Canada announced a trade deal that would maintain a trilateral agreement on the North American continent. This pushed the U.S. dollar, the Canadian dollar, and the Mexican peso upward on October 1. The stability offered by such a breakthrough will also strengthen the case for further rate hikes in the United States...Read More
Since reaching a 2018 high of over US$1,356 an ounce, gold has pulled back sharply to be trading at around US$1,190 per ounce, below the psychologically important US$1,200 an ounce mark. A stronger U.S. dollar, rising interest rates and lower geopolitical risk have all contributed to gold's latest weakness. Despite softer prices, senior miner Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) has elected to...Read More
Hey there, Fools. We're back again to highlight a few stocks that have recently hit new 52-week lows. As a reminder, we do this because the surest way to investing success is by buying quality companies when everyone else is running away from them; while they're being ignored and forgotten; or when they're being sold at bargain-basement prices.It's never easy buying stocks with so much pessimism s...Read More
Gold spiked up as much as $16 when the Comex floor trading opened today. With China closed for the week and India closed today, the only possible catalyst triggering a big move on the Comex paper market is the ongoing financial and economic melt-down in Italy. That said, yesterday saw massive bid-side activity during the A.M. and P.M. LBMA fixes, as reported several hours after the fact. One c...Read More
*Awaiting assays for holes SN18-10, SN18-11 and the remainder of hole SN18-12. ALS Laboratories are still processing some samples where their prepared duplicates failed, hence the delay in reporting. The remainder of these assays should be received in 7-10 days. Assays for holes SN18-13 to SN18-17 are expected in 4-6 weeks.Drilling to date is limited so true widths cannot be definitively determine...Read More
Artist's rendering of LNG Canada's proposed liquid natural gas terminal at Kitimat on the west coast of British Columbia. Illustration courtesy LNG Canada.The three remaining partners in a $40 billion megaproject that aims to export liquefied natural gas to Asia from a port on the west coast of British Columbia formally announced an investment decision on Tuesday.It is a move that triggers the lar...Read More
Core sample from Grassy Mountain Gold and Silver Project, Malheur County, Oregon, USAParamount Gold Nevada Corp. [PZG-NYSE AMERICAN] said Tuesday October 1 that it has begun the first phase of an exploration program at its 100%-owned Grassy Mountain gold project in Oregon. The program will focus on identifying and drilling the highest priority targets with a potential to add additional resources a...Read More
TORONTO - Weakness in the key energy, financial and industrial sectors weighed on Canada's main stock index in late-morning trading.The S&P/TSX composite index was down 70.47 points at 16,033.96.In New York, the Dow Jones industrial average was up 77.06 points at 26,728.27. The S&P 500 index was down 0.44 of a point at 2,924.15, while the Nasdaq composite was down 5.45 points at 8,031.85.The Canad...Read More
THUNDER BAY, Premier Gold Mines Limited (TSX:PG) has announced initial 2018 drilling results at the McCoy-Cove Project, located along the Eureka-Battle Mountain Trend in Nevada. Highlights include the discovery of gold and poly-metallic mineralization (including semi-massive sulphides) to the east of the historic Cove gold/silver open-pit mine, Carlin-style mineralization intersected at Win...Read More
The forklift nearly backed over my daughter when the Amish kid turned off the light. His dad drawled out a sharp yet polite demand that he turn it back on. The 500-pound slab of walnut wobbled slightly on the forks in the dusty air of the now lit barn.It was a beautiful fall day that had grown too warm for a sweatshirt but not hot enough to take it off. We had come to an old wood mill off of Hicks...Read More
Paramount Gold Nevada Corp. (NYSE American: PZG) is a U.S. based, U.S. focused precious metals exploration and development company, with a strategy to minimize shareholder risks and expenses, while maximizing gold ownership per share. Paramount owns 100% of the Grassy Mountain Gold Project, which consists of approximately 9,300 acres, located on private and BLM land in Eastern Oregon. Additionally...Read More
Linda Battalora, teaching professor in the Petroleum Engineering Department at Colorado School of Mines, has been honored with Distinguished Membership by the Society of Petroleum Engineers.Established in 1983, the Distinguished Member award recognizes SPE members who have attained eminence in the petroleum industry or the academic community or made significant contributions to SPE.Battalora was s...Read More
Americas Silver (TSX: USA; NYSE-AM: USAS), a producer with mines in the U.S. and Mexico, is merging with Pershing Gold (TSX: PGLC; NASDAQ: PGLC) in an all-share deal.Pershing's primary asset is its Relief Canyon project in Nevada, which is expected to have average life-of-mine production of 91,000 oz. gold a year (7 million oz. silver-equivalent) over a 5.6-year mine life, with cash costs of US$76...Read More
The Japanese ministry of economy, trade and industry recently granted Japan Gold (TSXV: JG; US-OTC: JGLDF) prospecting rights for its Tobaru gold project in Japan's southern Kyushu province.The rights allow Japan Gold to drill the property. It plans to sample and map Tobaru in 2019 to identify potential drill targets.The 13.5-sq.-km project sits east along strike and adjacent to the Fuke epither...Read More
The mining team at Haywood Securities says now is a good time to invest in undervalued gold stocks."In the first nine months of 2018 the price of gold has declined 9%, while gold equities have declined about 20% (GDX and GDXJ), and we see the relative underperformance of the precious metals equities as an opportunity to build a position in undervalued names with upside potential," Haywood analysts...Read More
I really don’t know what I’m getting myself into… but you know what, if people are ever honest and open about their own lives, they would be more willing to admit the same thing — In life, seldom do we have all the answers staring at us right smack in our face. You just do the best you can, and keep at it.Live and learn.In my own case, no, right now I can’t say defini...Read More
Publisher's Note: I was recently in Colorado with fellow Outsider Club editor Gerardo Del Real for the Beaver Creek Precious Metals Summit. Gerardo and I had plenty to talk about, but the uranium industry stood out.Several factors are causing uranium prices - along with uranium stock prices - to rise, and all signs point to what we've seen so far just being the start.Join in on our conversation...Read More
CloseGain/LossGold $1189.60-$2.10Silver$14.49-$0.13XAU65.14-0.06%HUI141.29+0.16%GDM516.25+0.11%JSE Gold996.29+0.01USD95.28+0.13Euro115.78-0.34Yen87.86-0.30Oil$75.30+$2.0510-Year3.093%+0.038T-Bond139.78125-0.71875Dow26651.21+0.73%Nasdaq8037.30-0.11%S&P2924.59+0.36% The Metals: Gold dropped $7.10 to $1184.60 in Asia before it to jumped up to $1192.10 in London and then fell back off into mid...Read More
Central Bank Gold Buying Hits Highest Level in Six Years- Central banks have emerged as some of the biggest buyers of gold this year as reported by the Financial Times- Poland added to its gold reserves last month, buying more than seven tons of gold, which followed its purchase of two tons in July- Poland's gold buying appears to be the first purchase by a European Union member this century-...Read More
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