Unionized workers at Codelco's Chuquicamata operation rejected on Saturday the miner's final contract negotiation offer and announced that on Tuesday and Wednesday they will be voting on a proposal to go on strike.In a communiqu?(C) made public via social media, the union's leadership said the proposal presented to them by the world's No. 1 copper producer was a 'joke' aimed at suppressing workers...Read More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
Researchers at Russia's Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.In such ores, valuable components like gold and platinum group metals may be present as nanoscale particles, they may be disseminated into the minerals' sulfide matrix, or there may be rich in highly-toxic compounds as arsenic or...Read More
While drugs and gold were the two most popular forms of payment for votes in the recent election in India, portfolio manager Elvis Picardo proffers far better reasons for picking a pharmaceutical stock and a gold stock as his two current 'best buys'.Big gains since the lows of December have kept clients confident, hopeful and invested, observes West Coast portfolio manager Elvis Picardo. "It's gre...Read More
Again we will say that Napoleon Bonaparte once advised to "never interfere with an enemy when he is making a mistake." Some gold companies' shareholders may now be making serious mistakes by selling shares in stocks that they have lost patience with yet that is normal in a bear market. They should ask themselves "who is buying?" as there is a strong possibility that they are literally givi...Read More
Agnico increased its position from 9.435% to 19.9% through the acquisition of an additional 26.1 million shares priced at C20c for a total investment of $5.2 million. It now owns 42.5 million shares in Royal Road.In addition, Agnico and Royal Road entered into an investor rights agreement under which Agnico has the right to participate in future equity financings to maintain its pro rata ownership...Read More
Breaker Resources NL (ASX: BRB) is focused on discovering and developing large new gold deposits, hidden by transported cover, in Western Australia's Eastern Goldfields' Super-terrane, where the Company made three separate high-grade gold discoveries in 2016. We learned from Tom Sanders, Executive Chairman of Breaker Resources, that they have been drilling non-stop for the past two years, and have...Read More
In my May 23rd interview with Jim Goddard I tackle some key themes that we have been developing over the past week. I start off the broadcast highlighting the warning sign being sent by the losing streak of the mid-cap-oriented INK Canadian Insider Index versus the large-cap S&P/TSX 60 Index. As we display in the chart below, the INK CIN has not underperformed the 60 this long since the lead up t...Read More
May 24th, 2019(S14-E697)Featured GuestsProfessor Laurence Kotlikoff &Professor Alexander KosovichevPlease Listen Here Interview RecapStanford University professor, Alexander Kosovichev makes his show debut with an overview of his unique solar research.Using NASA space craft readings of our nearest star, the Sun, our guest adjusted the acoustic waves.The debate continues over the true nature o...Read More
By: David Haggith...when the stock market's decade-long bottom trend becomes its new top trend and then it can't even make it back up to that line as a top trend.We're sloughing away now, and it can be a long slide to the bottom or endless side-winding of big ups and downs that go nowhere, just as the market has now gone nowhere for fifteen months.Yes, if you bought in January, 2018, (when I...Read More
By: SRSrocco As the markets sold off on Thursday, gold, and silver were few of the only assets that remained in the green for the entire day. Thus, the notion that the precious metals will crash with the markets continues to be proven wrong. And what an ugly day it was as the Dow Jones fell 450 points at its low, while the Dollar, oil, and shale stocks were clobbered. Of course, there was...Read More
Missing InflationDebt RubiconVelocity FallingThe Complex Debt and Currency Dance"Too High and Getting Wider"They Shall Not Grow OldModern technology was supposed to make travel less necessary. We can meet by phone, video, and now in virtual reality. But we're still traveling more than ever. I certainly am.The reason is simple: Technology can't yet replace face-to-face conversation, and especiall...Read More
Global steel billet markets continued to improve during the week ended Friday May 24 following the United States' removal of additional import duties against Turkey.Mills in Turkey fully returned to the scrap markets and paid higher prices after the United States removed the additional duties, which means that Turkey is once more on a level playing field with other prospective exporters to the US,...Read More
A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols.The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The U.S. Geological Survey put the epicenter at 75 kilometers (47 miles) south-southeast of the village of Lagunas.Tremors were moderately felt in the capital...Read More
Again we will say that Napoleon Bonaparte once advised to "never interfere with an enemy when he is making a mistake." Some gold companies' shareholders may now be making serious mistakes by selling shares in stocks that they have lost patience with yet that is normal in a bear market. They should ask themselves "who is buying?" as there is a strong possibility that they are literally givi...Read More
South Africa's long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent's worst polluters transitions to lower emissions in its efforts to meet agreements on global climate change.The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode prof...Read More
Researchers at Russia's Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.In such ores, valuable components like gold and platinum group metals may be present as nanoscale particles, they may be disseminated into the minerals' sulfide matrix, or there may be rich in highly-toxic compounds as arsenic or...Read More
XLF has a flawless record of positive summertime returns over the past 10 yearsThe following is a reprint of the market commentary from the June 2019 edition of The Option Advisor, published on May 24. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Volatility seems to have returned to the stock market just in time...Read More
May 24th, 2019(S14-E697)Featured GuestsProfessor Laurence Kotlikoff &Professor Alexander KosovichevPlease Listen Here Interview RecapStanford University professor, Alexander Kosovichev makes his show debut with an overview of his unique solar research.Using NASA space craft readings of our nearest star, the Sun, our guest adjusted the acoustic waves.The debate continues over the true nature o...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up the top trends forecaster Gerald Celente of the Trends Journal joins me to discuss a myriad of topics. Gerald gives us more insight on why the precious metals are struggling, why he recently changed his economic forecast and also shares why he believes a continuation of the rising tensions in both Venezuela and the...Read More