Between listing on the TSX Venture Exchange in January 2018 and graduating to the Toronto Stock Exchange in October the same year, Troilus Gold (TSX: TLG; US-OTC: CHXMF) drilled 36,000 metres of drilling on its namesake property in Quebec and boosted the project's mineral resources by 90%.In November the junior exploration company reported its Troilus gold project contains indicated resources of 3...Read More
1. The latest U.S. central bank announcement was a win-win for gold.2. If the Fed surprised analysts and hiked rates, the stock market probably crashes, and gold stocks rally strongly.3. As expected, the Fed did nothing and gold stocks outperformed.4. It's a clear win-win situation for gold bugs around the world.5. I'm adamant that the U.S. stock market would already look somewhat akin to the 1929...Read More
Rare precious metal palladium has shot out the lights this year, continuing to climb to record highs ever since rallying substantially in mid-2018. This has been a confusing event for some pundits, because the metal has traditionally performed poorly, trailing behind other precious metals, including platinum and gold. Palladium has performed so strongly that the amount of the white metal required...Read More
In 2016, I asked when uranium prices would ever recover. At the time, the uranium spot market was pricing in a big rebound. In fact, JPMorgan Chase & Co. estimated that uranium prices would more than double by 2020.That resurgence never came. Today, prices are still near decade-long lows.While many uranium investors have thrown in the towel, a major boom could be just around the corner. This...Read More
Last year was a tough time for investors in gold miner Pretium Resources Inc. (TSX:PVG)(NYSE:PVG), with the market heavily marking down its stock after its flagship Brucejack mine failed to deliver as promised. Even after rallying sharply over the last month, Pretium is still down by 2% since the start of 2019 trailing gold, which has gained almost 3% and created an opportunity for investors seeki...Read More
Over the latter half of 2018, gold miner Continental Gold (TSX:CNL) was roughly handled by the market after experiencing a range of operational and security issues combined with a significant cost blowout at its flagship Buritica project in Colombia. While I maintained my considerable conviction regarding the miner's potential and the quality of the Buritica asset, it did make me pilloried by som...Read More
Investing in gold can be tricky.The most direct option is to buy a gold ETF like SPDR Gold Trust or iShares Gold Trust. Often, however, these ETFs purchase futures contracts, not gold itself, potentially leading to pricing discrepancies over the long term.Another option is to buy stock in a gold miner. If history is any suggestion, this is a risky way to make a long-term bet on gold.Mining compa...Read More
Consumer staples don't get much closer to the realm of true defensiveness than food producers. However, the following three Canadian stocks, while representing some of the best such investments to be found on the TSX index, might need to be approached with caution by the long-term value investor with little appetite for risk.Rogers Sugar (TSX:RSI)TSX index investors who like to pay attention to pe...Read More
It's tough to get analysts excited about natural resource stocks these days. Words like 'neutral', 'hold' and 'average' reflect the mood of the street for many Canadian natural resource companies.Pretium Resources Inc. (TSX-PVG)In an early 2018 research note, CIBC World Markets precious metals analyst Jeff Killeen covered a development that saw Vancouver-headquartered Pretium Resources announce it...Read More
"You've really seen the limits of monetary and fiscal policy in its ability to extend out a long boom period." - Josh Friedman, Co-Chairman of Canyon Partners (a "deep value," credit-driven hedge fund)The Fed's abrupt policy reversal says it all. No more rate hikes (yes, one is "scheduled" for 2020 but that's fake news) and the balance sheet run-off is being "tapered" but will stop in September. D...Read More
Gold was trading about US$1,319 an ounce on the spot market earlier, $14/oz higher than this time yesterday.Meanwhile the cash zinc price rose to its highest point since July last year on the London Metal Exchange yesterday at $2,896.50 per tonne.Nickel also gained amid signals Chinese developers might be spared from new property tax rules, easing demand concerns in the world's biggest metals cons...Read More
Collecting float samples from Arctic Star's Timantti Diamond Project in Finland. Source: Arctic Star Exploration Corp.Shares of Arctic Star Exploration Corp. [ADD-TSXV; ASDZF-OTCQB; 82A1-FSE] were active Thursday March 21 after the company announced the status of a previously announced private placement and the granting of stock options to its directors, employees and consultants.Proceeds are earm...Read More
They say money can't buy happiness.But you know what?It sure as hell makes life a lot easier.Not to be brash, but I'm a hell of a lot happier today than when I was broke, living paycheck to paycheck.I don't care what anybody says. Living that way sucks.Wondering if you're going to have enough to retire...Hoping you don't get sick because you can't afford a doctor visit...Walking through the grocer...Read More
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has tabled an updated resource estimate for its Eskay Creek gold project in northwestern British Columbia, divided between pit constrained and underground mining scenarios.In pit-constrained resources, the project contains 12.7 million indicated tonnes grading 4.5 grams gold and 117 grams silver, or 6 grams gold equivalent, for 1.81 million oz. gold and...Read More
A new hole, drilled 150 metres east of recent discovery holes at Eastmain Resources' (TSX: ER) Percival target in James Bay, Que., shows identical rock type and style of mineralization, with a 74.5-metre intercept grading 0.97 gram gold per tonne.The initial discovery holes at Percival in November measure 78.5 metres, with 1.46 grams gold per tonne starting 16.5 metres downhole (hole ER18-822), an...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) will drill 5,000 metres at its Tlamino gold project in southern Serbia in 2019, fully funded by Fortuna Silver Mines (TSX: FVI).Fortuna can earn a 51% interest in the project by spending US$3 million on exploration over three years. It can increase its interest to 70% by spending US$5 million and completing a preliminary economic assessment over an addi...Read More
Gold topped out around US$1,900 in 2011 before dropping into a multi-year downturn that bottomed out below US$1,100 in 2015.Since then, gold has bounced around in a narrow range, but recent strength has some pundits wondering if we could be in the early stages of the next big rally.Let's take a look at the current situation in the market and see if this might be a good time to put the miners in yo...Read More
* A fire at hydrogen plant in Ambatovy kills one personRead full newsRead More
In Nevada, the Walker Lane gold trend has the potential to spark further growth in America's most popular gold market.Read full newsRead More
By: IRA EPSTEINFOMC today - Fed dot plot will be a focus. Gold stocks need to be careful here, can turn bearish..Copper options at an all-time record:Read More