The North American markets have been roaring on. While the markets are persistently going higher, precious metals stocks have been underperforming. When markets fall, these precious metals stocks tend to run up.Among gold and silver stocks, the precious metals royalty and streaming companies, including Franco-Nevada (TSX:FNV)(NYSE:FNV) and Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) are the safest...Read More
A bearish brew of a strong U.S. dollar, higher interest rates and firmer economic growth are all creating formidable headwinds for precious metals. Even fears of an emerging market crisis and Trump's inflammatory rhetoric regarding trade have all failed to breathe life into gold and silver.While gold recently recovered to be trading at over the psychologically important US$1,200 per ounce mark, si...Read More
If you have a bit of a contrarian leaning, now might be an excellent time to start looking at precious metals stocks. The metal price has gone down quite a bit over the past several weeks and stocks have come down with it. It's starting to get to the point once again where even the best companies are becoming attractive. With all the geopolitical risks, at this point it may be wise to look into co...Read More
Since the start of 2018 the price of silver has collapsed, plummeting by 14% to be trading at under US$15 an ounce. This has dragged down many primary silver miners to see the Global X Silver Miners ETF lose a whopping 23% over the same period. One of the hardest hit is First Majestic Silver Corp. (TSX:FR)(NYSE:AG), which saw its market value dive by 17% or slightly greater than silver has dropped...Read More
Drilling in the Upper Alteration Zone at Golden Ridge's Hank Project in BC's Golden Triangle region. Source: Golden Ridge Resources Ltd.Golden Ridge Resources Ltd. [GLDN-TSXV] was among the most actively traded stocks Monday after the company released final results from a recently completed Phase 1 induced polarization survey on its Hank project in British Columbia's Golden Triangle district.The c...Read More
Financial Potemkin VillageA rising stock market has the illusory effect of masking the economy's warts and blemishes. Who cares if incomes are stagnant when everyone's getting rich off stocks? Certainly, winning wealth via the stock market beats working for it. Learning from history, 2018 style [PT] Without question, the pleasure that comes when opening an inflated quarterly brokerage statem...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) has tabled a new preliminary economic assessment (PEA) that extends the life of its El Gallo gold-silver complex in Mexico by 12 years with low initial capital costs.The mine produced 23,025 equivalent oz. gold in the first half of 2018, in line with its 2018 guidance of 32,000 equivalent oz. gold, but had stopped mining and crushing by the end of 2018's second...Read More
Part 2: I took too much risk."That's the problem with this business: people drink their own Kool-Aid."Margaret KentFinancial Times of Canada editorial cartoon of Peggy Witte from 1991.We continue with Part 2 of our exclusive, in-depth interview with Stratabound Minerals chairman Margaret "Peggy" Kent, carried out by Northern Miner senior staff writer Trish Saywell on the sidelines of the PDAC conv...Read More
Markets ended the trading week in positive territory, with the S&P/TSX Composite Index climbing 0.20% to finish at 16,356.05. The S&P/TSX Global Gold Index rose 2.03% to 161.26 and spot gold increased 1.75% to US$1,205.30 per ounce. The S&P/TSX Global Mining Index advanced 1.70% to 54.12.Labrador Iron Ore Royalty (LIORC) jumped $1.10 per share to $25.68 on no news. The company is still riding high...Read More
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) plans to earn an 80% interest in Bell Copper's (TSXV: BCU) Kabba porphyry copper project in northwestern Arizona by investing $200,000 via a private placement and spending up to $17.3 million on the project over the next seven and a half years.The Kabba project, 241 km northwest of Phoenix, is where Bell Copper has been pursuing the faulted-off top of a...Read More
Back in June Jay Taylor's Gold, Energy & Tech Stocks newsletter published a nice write-up on a junior gold miner called Great Bear Resources, which included the following: What struck me initially about Great Bear was not only the high-grade gold drill intercepts but also the consistency of economic grade intercepts in the Red Lake Gold camp known for its elephant-sized gold deposits. They ha...Read More
Seems like every few days a new developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal:Nation That Sparked Arab Spring Finds Itself a Springboard for Illegal MigrationAL ATAYA, Tunisia-More than seven years aft...Read More
We're long-term energy bulls.That's simply because nothing happens without energy.It doesn't matter if we're talking oil, electricity, hydrogen, or corn... The world has and always will need some way to generate, distribute, and use energy.In particular is the need for energy to transport both people and goods. Today, that's your basic planes, trains, automobiles, ships, and Segways.Fred Flintston...Read More
Tudor Gold (TSXV: TUD; US-OTC: TDRRF) has reported the results of the first two drill holes of 2018 from the Copper Belle zone at its 60%-owned Treaty Creek gold project in northwestern B.C.'s Golden Triangle district.Gold, copper and silver were found in the two holes. The gold assays indicate a 300-metre interval of mineralization.Tudor drilled the holes to test a 0.3 sq. km magnetic high that h...Read More
"$silver may also provide a good clue for gold this week.All last week, silver toyed with 1485-1490.It may serve as a pivot point this week.Above 1490 and the bulls have control, below 1480 the bears have control. This is the 5th test, odds are high for short term decision."Read full newsRead More
"@GlennGriffith79 Interesting time points -- we have just about completed 61.8% of this year. And -- we are only 2 weeks away from 144 weeks from the 2015 low."Read full newsRead More
"@42baklava While 1122 can stillbe seen, the power of the 2011-2017 downtrend line could also produce the low for the year. Those are the two odds favored places.Ideal cycle turn would be September as we arrive at 144 weeks from the Gold low (2 weeks from now) We're in range for time low"Read full newsRead More
"@sich8 @johnpagnotta Those who have looked indicate the head & shoulder pattern only works about 60% of the time ---- only a little better than 50/50."Read full newsRead More
"The two most important trend lines in $goldOnce the 2015 uptrend line gave way & we closed below 1222, our projection for 1172 came from the 2011-2017 downtrend line.Gold is bullish above the 2015 uptrend line, bearish below the 2011-2017 downtrend line & neutral in the middle"Read full newsRead More
The gunman who opened fire during a Madden 19 video game tournament in Jacksonville, leading four dead including the suspect, has been identified as David Katz. Read full newsRead More