Hugo Salinas Price is a Mexican business magnate, investor, and philanthropist. He is the founder of Mexico's Elektra retail chain. Continue...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
South Africa's DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) early this year.The project is a large-scale, long-life surface tailings retreatment that will retreat material with a 35% higher gold content t...Read More
China's rebar prices retreated on Tuesday December 4 on an inactive market, just a day of a surge due to a pause in the country's trade war with the United States.Domestic Eastern China (Shanghai): 3,910-3,950 yuan ($566-572) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, down 120 yuan per tonnePrices failed to breach the 4,000-yuan-per-tonne mark, with buye...Read More
Klondike Gold (TSX-V: KG; FRA: LBDP) reported that, in 2018, it drilled 87 holes totaling 9,511.93 metres at the Lone Star Zone of its Klondike District Property. To date, the company has received final assay results from 51 of the diamond drill holes. Such results have prompted a plan to continue exploration to affirm multiple local sources of bedrock gold mineralization. "Hole LS18-201 on 12300E...Read More
This Canada-based exploration company makes headway in southeastern Peru as it completes a major milestone and releases more information on its biggest projects.Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS), a Canada-based precious metals exploration company, released information about developments that could propel the company forward. According to the company, Palamina is looking for the hard rock s...Read More
Several weeks ago I sent you a video commentary on how important money velocity is and why Dr. Lacy Hunt is the master of this concept, which I now call the "acid test" for developed and emerging country economies.Continue...Read More
As green energy initiatives boost the need for graphite, one company continues to explore for the element in an unlikely place. Graphite is the most common non-metal substance that can conduct electricity with significant heat resistance. It is no surprise that strong demand for graphite is fueled by the new economy: green energy initiatives, including lithium-ion batteries (electric vehicles and...Read More
Sector expert Michael Ballanger explores the latest news regarding this company's Colorado mine asset. As a preface to my remarks, it should be known that Western Uranium & Vanadium Corp. (WUC:CSE; WSTRF:OTCQX) CEO George Glasier was the founder of U.S.-based Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American), currently the second-largest producer of uranium in the U.S. George departed EF in 2010. A...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...Read More
Right now, the demand for marijuana is now through the roof and this small-cap cannabis company could rise as a major player! The marijuana industry is close to wrapping up a very exciting year for investors. Many solid cannabis companies hit major markets expanding their exposure.Also, with former attorney general Jeff Sessions out of office, this could provide the next marijuana boom for U.S com...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
President Trump and President Xi Jinping agreed to haltescalation in their trade conflict. At the same time, the Fed officials becamemore cautious about the pace of future interest rate hikes. How will thesoftening of the US trade and monetary policies affect the gold market?Trade Truceand GoldHave you heard about the Christmas truce? It was aseries of unofficial ceasefires across the Western Fron...Read More
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now,...Read More
Three things have tweaked the fundamentals for gold.1) Bitcoin is not attracting the hot cash, unlike 2016.2) Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019. 3) China to import more goods from the USA, hence more US Dollars required.The question now is will this move gold back to resistance before year end? Gann angles look good, cycle looks attractive, now we wa...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
The 10-year Treasury yield spooked investors todayIt was a bloodbath on Wall Street today, with the Dow closing nearly 800 points lower as trade tensions between the U.S. and China reared their ugly head again. Concerns remain that the two global superpowers are actually quite far from any concrete trade deal, despite a 90-day cease-fire, as President Donald Trump took to Twitter today to proclaim...Read More
How oil and stocks perform after a sharp drop in crude pricesOil has been in the headlines lately as prices have collapsed over the past couple of months. For us, the question is always, "How will this impact stocks?" To answer this, I'm going look at how the stock market has performed after prior instances of oil declines of 30% or more. Additionally, I'll look at individual stocks that might do...Read More
The financial sector is falling alongside the 10-year Treasury yieldBank stocks are getting blasted today, as the 10-year Treasury yield sinks. At last check, the Financial Select Sector SPDR Fund (XLF) was down 4.5% to trade at $25.99 -- pacing for its biggest one-day loss since Feb. 8. Against this backdrop, put volume is popping, with one trader targeting even bigger short-term losses.At last c...Read More