(Bloomberg) - Gold Fields Ltd. shareholders getting impatient over the company's failure to stem losses at the huge South Deep deposit in South Africa shouldn't lose hope, said Chief Executive Officer Nick Holland.Gold Fields said in August it's embarking on yet another turnaround plan at the operation, its only one left in South Africa. South Deep's disappointing performance has been a drag on t...Read More
LONDON, Oct 12 (Reuters) - Donald Trump didn't make it to LME Week, the annual jamboree of the global metals trading community.But the U.S. president was the hot topic at the myriad seminars, cocktail parties and private meetings across London this week.The industrial metals traded on the London Metal Exchange (LME) have found themselves at the heart of the escalating trade tensions between the U...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More
Oct 11 (Reuters) - Coal miner Peabody Energy said on Thursday it intends to permanently seal the area where high methane levels have been concentrated after it reported fire in parts of its North Goonyella mine in Australia's Queensland last month.The company said three of the mine's five openings remain temporarily sealed to reduce air flow into the mine and issued force majeure notices to coal...Read More
Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More
After the market sell-off we have seen last week, investors are surely left feeling a little jittery and apprehensive when considering their portfolios.But this is a good time to re-evaluate things, re-balance our portfolios, and make sure we are well positioned for the coming years.Let's take a look here at two stocks in particular that have rallied big in the last year.Labrador Iron Ore Royalty...Read More
Silver miners are being pummeled because the white metal remains weak, down by 14% over the last year, which has triggered a sharp sell-off of miners, as illustrated by the Global X Silver Miners ETF losing a whopping 28% over that period. While the immediate future for silver appears gloomy, it shouldn't deter investors from considering primary silver miners with high-quality assets, robust bala...Read More
Gold prices ended lower on Friday, pulling back from their highest level in more than two months as U.S. and global stocks moved up in the wake of a two-day downturn that drove investors to the perceived safety of the precious metal. December gold GCZ8, -0.49% declined by $5.60, or nearly 0.5%, to settle at $1,222 an ounce, a day after its highest finish since Aug. 1, for a most-active contract,...Read More
Gold is the perfect antidote for the fascist state and its pervasive penetrating corruption laced with bellicose global actions. Gold eliminates (or rather vastly reduces) the potential for pilferage and theft in the financial management offices. Gold eliminates the potential (or vastly reduces) the potential for endless war with the vast slush funds for the military industrial complex. Gold eli...Read More
Is this week's 6% market drop the start of the Big One? By Chris MartensonWith the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?It's hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week.After nearly a decade of endless market boosting, manipulation and r...Read More
The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they've ever been and commercials going even more long. Here's the gold data in chart form:These are historically huge imbalances that - if the action in the paper markets still has predictive value - point to a gold short squeeze in which the specula...Read More
By David MorganThe Morgan Report's Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.Join our Free weekly e-letter...http://www.themorganreport.com/joinfreelist Read More
A Fundamental Research Corp. report relayed this company's investment highlights. Pirquitas Mill FacilityIn an Oct. 9 research note, Fundamental Research Corp. analyst Siddarth Rajeev indicated that Golden Arrow Resources Corp.'s (GRG:TSX.V; GAC:FSE; GARWF:OTCQB) recent share price drop represents a current buying opportunity. Fundamental has a CA$0.98 per share fair value estimate on Golden Arro...Read More
This discovery further expands the Canadian company's pipeline of exploration opportunities in the Railroad District. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) delineated another oxide gold target with further exploration potential at its Railroad-Pinion project in Nevada's Carlin Trend. The new LT target, 3 kilometers north-northwest of the company's Pinion deposit, was revealed in the...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
Thanks to yesterday’s session crudeoil lost 3% and approached the previously-broken barrier of $70. In this areaoil bears met several other short-term supports, but are they stable enough tostop the sellers in the coming days?Let’s take a look at the chartsbelow (charts courtesy of http://stockcharts.com). Long-termPerspective – Invalidations!In our last Oil Trading Alert, wewrot...Read More
By John MauldinPredatory PracticesWar TalkQuality ControlManifest DestinyPuerto Rico, Frankfurt, and Parts Here and ThereAn odd aspect of being a writer is you never know in advance what will excite readers. I've written letters I thought very provocative only to draw mostly yawns.Last week's trade deficit letter lit some fireworks. The response was immediate and, in many cases, quite passionate...Read More
Is this week's 6% market drop the start of the Big One? By Chris MartensonWith the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?It's hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week.After nearly a decade of endless market boosting, manipulation and r...Read More
The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they've ever been and commercials going even more long. Here's the gold data in chart form:These are historically huge imbalances that - if the action in the paper markets still has predictive value - point to a gold short squeeze in which the specula...Read More
By David MorganThe Morgan Report's Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.Join our Free weekly e-letter...http://www.themorganreport.com/joinfreelist Read More