"Despite Western sanctions along with Russia's retaliatory measures the volume of investments by German corporations into the Russian economy last hit a record high in 2008," Continue...Read More
Former U.S. interior secretary Ryan Zinke has joined the board of a tiny gold mining company with projects in Nevada and Wyoming.U.S. Gold Corp., based in Elko, Nevada, has a market capitalization of about $20 million. Zinke is one of six board members for the company, according to its website.Zinke left his post in January amid several federal investigations into his travel, political activity an...Read More
"Despite where the markets are in equities, we have not seen money being put to work," Fink said. "We have record amounts of money in cash."Continue...Read More
The Department of Defense is the world's worst bookkeeper. The books are so atrocious that they are wrong about everything and it's impossible to detect just how bad Continue...Read More
Venezuela plans to sell 15 tonnes of its Central Bank gold reserves despite warnings from the U.S.Continue...Read More
Gold is threatening to break down below key support near $1280 and erase all of its gains for 2019Continue...Read More
Aztec Minerals (TSXV: AZT) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow up work by the company will initially target four main targets: California, Estrella, California North and Purisima East.The survey supports the company's belief that the project contains multiple porphyry cells along a nor...Read More
The writing is on the wall for Canadian mining companies and it has been for quite some time. Their glory days as a global leaders are fading - and mega-mergers won't bring salvation.Market signals are already showing troubling signs of this shift in the sector. While Canada's GDP saw a 0.3% lift in January, which was the biggest gain in eight months, this dramatic uptick didn't spill over into ev...Read More
Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced several changes to its senior leadership structure on Tuesday, including the appointment of Paul Tomory as EVP and CTO.Lauren Roberts, SVP and COO, and Gina Jardine, SVP, Human Resources, will be leaving the company by mutual agreement. As well, the SVPs of the company's three operating regions - the Americas, Russia and West Africa - will...Read More
New Gold Inc. (TSE: NGD) has received federal environmental approval for its 100% owned C$1.8B Blackwater gold project proposal in British Columbia, Canada.The Minister of Environment and Climate Change announced that the proposed project can proceed following an environmental assessment process that concluded the project is not likely to cause significant adverse environmental effects when miti...Read More
The price of gold came under pressure on Tuesday ahead of a long weekend for North American markets, dropping to its lowest level yet in 2019. Gold for delivery in June fell to $1,275.50 per ounce in heavy volume of nearly 30m ounces traded as investors rotate money out of gold and into US stock markets, which are slowly creeping back into record territory.Also weighing on sentiment is a new repor...Read More
Ahead of the Herd has been digging into why central banks are buying a lot of gold recently. What we've found is eyebrow-raising, to say the least. It may be the best reason you've ever read for wanting to buy gold.Take this headline from the Northern Miner: "Editorial: Central banks are major gold buyers in 2019". Citing statistics from the World Gold Council, the Northern Miner reports that cent...Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
The UG2 chrome ore price fell again on Friday April 12 after activity lessened due to market participants waiting for Chinese mills' next ferro-chrome tender releases; meanwhile falling demand pushed down the high-carbon ferro-chrome assessment in Europe. UG2 and Turkish lumpy ore prices in China drop Domestic alloy price in China weakens Alloy markets in Japan, South Korea, Europe fa...Read More
Community activists who oppose mining projects in South Africa live in constant fear as they are often harassed, threatened and sometimes killed, a group of human rights advocates says.In a joint report and video released on Tuesday, the Centre for Environmental Rights, groundWork, Earthjustice, and Human Rights Watch say locals who mobilize to raise concerns about potential environmental and heal...Read More
Hudbay Minerals' (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner in a bid to constrain its ability to solicit proxies.Waterton alleges that the company's management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations.The private-equity fi...Read More
The noted engineer, who has a track record of building companies and increasing their value, is now focusing on Nexus Gold. Bouboulou Gold Concession - West AfricaJ. Ian Stalker, who has had a long more than 45 years and storied history in mining exploration, development and operations, including working in West Africa for more than a decade, has become the non-executive chairman of Nexus Gold Co...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:IRCAUDDescriptionIntermin Resources are a gold focused junior, late stage development companyLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/15/2019LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$21.61M$21.56M04/15/2019$-0.05MTotal Assets:$17.93M$17...Read More
A bearish reversal from UNH kept a lid on the Dow's gains, thoughStocks finished the day higher, with the Dow seeing a late push from a Reuters report that said the Federal Aviation Administration's review board deemed Boeing's (BA) software fix for its 737 Max aircraft to be "operationally suitable" -- news that sent BA stock up 1.7%. A bearish reversal for UnitedHealth Group (UNH) kept a lid on...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More