Look, I'm not the biggest fan of gold stocks.Their movement is largely tied to the price of gold, which makes them speculative bets in my book. For my long-term holdings, I much prefer "cash cows" with clear competitive advantages that aren't so leveraged to volatile commodity prices.But that doesn't mean I don't love a smart (and small) gold bet once in a while - particularly in my TFSA account....Read More
Lithium prices have been rising steadily over the last two years, as commentators have been catching on to the idea that electric vehicles (EVs) may finally start edging out gas-fueled standard vehicles. Eyeing a sea change in the auto industry, investors have begun looking to lithium and cobalt for exposure to a potentially explosive market and a tech boom hungry for component materials.However,...Read More
William Shakespeare at his creative pinnacle could not have written this screenplay:The first time I watched this I thought it was a joke - product of National Lampoon.Then the reality of it hit me like a ton of bricks. Is this really a productive use of Congressional time? The entire U.S. system is hurling toward a debt-induced financial and economic apocalypse. At the same time the Deep State, u...Read More
Diamond drill core from the COD Vein of GGX's Gold Drop property in British Columbia. Source: GGX Gold Corp.GGX Gold Corp. [GGX-TSXV; GGXXF-OTCQB; 3SR2-FSE] has received additional analytical results from the winter-spring diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-17 to COD18-26 whic...Read More
Eastbelt mineralized vein next to next to former producing Tom Mine at the Yellowknife City gold project 15 km north of Yellowknife, Northwest Territories. Source: TerraX Minerals Inc.TerraX Minerals Inc. [TXR-TSXV; TRXXF-OTC; TX0-FSE] announced assay results from its summer field program now underway on the Yellowknife City gold project 15 km north of Yellowknife, Northwest Territories.The first...Read More
I've recently been rereading Benjamin Graham's 1949 masterpiece, The Intelligent Investor. If this is a book you've never read yourself, I highly recommend picking up a copy. Warren Buffett calls it, "By far the best book on investing ever written."Graham's approach to investing is very levelheaded. He generally preaches investing in securities that appear underpriced by some form of fundamental a...Read More
Dear Mr. Chanos,First off I want to say I am a big fan. I like what you do.Anyone who knows anything about you knows that you are the most successful short seller of all time. I read about your Enron and Baldwin-United short sells with awe, asking myself if I would have ever uncovered what you did.It takes some serious skill to do what you have been able to do so successfully, for so long.But with...Read More
Chest BumpsOne of the more extraordinary things that investors have seen in living memory is unfolding at this precise moment. This goes for business leaders, money managers, veteran Wall Streeters, value investors, 401(k) holders, momentum traders, FX guys, gold bugs, technical gurus, chartists, pork belly speculators, quants, astrologists, Larry Summers, put option sellers, dweebs and geeks, mi...Read More
Russia already has 40 icebreakers opening up new shipping lanes in the Arctic. (By comparison, the United States has just two.)Now it's adding 15 more at a cost of $320 million apiece. That's nearly $5 billion just to extend Russia's lead in the developing "Eighth Continent."But as far as Russian President Vladimir Putin is concerned, the investment is well worth it."This is perhaps the largest st...Read More
Canada is the world's third-largest diamond producer in terms of volume in carats and value, according to production estimates of New York-based diamond analyst Paul Zimnisky. The Northern Miner has compiled the top-10 Canadian-headquartered diamond companies by market capitalization, as of June 29, 2018.Lucara Diamond's Karowe Mine in Botswana. Credit: Lucara Diamond1. Lucara DiamondMarket cap: $...Read More
During challenging financial environments, funding from alternative sources can be the lifeblood of a company's growth strategy.Read full newsRead More
CloseGain/LossGold $1247.10+$4.90Silver$15.94+$0.14XAU81.11+0.16%HUI174.82+0.17%GDM616.94+0.43%JSE Gold1055.99-16.37USD94.78+0.04Euro116.73-0.02Yen88.89-0.38Oil$70.33-$0.0510-Year2.849%+0.009T-Bond145.34375-0.125Dow24924.89+0.91%Nasdaq7823.92+1.39%S&P2798.29+0.87% The Metals: Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
Hallmark of an Economic Ponzi Schemeby John Hussman of Hussman FundsConsider two economic systems.In one, consumers work for employers to produce products and services. The employees are paid wages and salaries, and business owners earn profits. They use much of that income to purchase the goods and services produced by the economy.They save the remainder. A certain portion of the output represe...Read More
I expect higher physical demand in Asia to prevent further crashes. Use the current correction in gold and silver to invest for yearend or for a period of two years. I have been advising a ten percent investment in physical gold and silver. I am now asking you to increase the same to fifteen percent of your long-term investment. In India, the mark to market (MTM) value of my equity investment...Read More
Comstock Metals Ltd. (TSXV: CSL) (Read full newsRead More
LottoGopher Holdings Inc. (C.LOTO, OTCQB: LTTGF, Forum) is adding a new tool to its growing tool kit. The California-based lottery subscription service recently announced that it has entered into a binding agreement to acquire 88% of the issued and outstanding shares of one of the lar...Read full newsRead More
Off the back of its recent acquisition of Perth-based subsurface data logging company Surtech Systems, METS company Qteq has already won the first of many expected contracts to provide borehole data using new innovative measurement sensors and systems.The contract for environmental logging in the Northern Territory, will use Qteq's patented BMR (Borehole Magnetic Resonance) technology to provide r...Read More
"Brief note from @Roskill_Info on processing laterite ores into #nickel sulphate. Roskill reckons an incentive price of $20,000/t to meet the supply gap in nickel https://t.co/I7bC2xFVkO"Read full newsRead More
JAKARTA/TORONTO, July 12 (Reuters) - Freeport-McMoRan Inc said on Thursday it will sell a majority stake in the world's second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion.The agreement, which could still collapse, will see Freeport give up majority control but remain the operator of the Grasberg mine, l...Read More