Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday April 5, but trading was light with China on holiday.* Market now focused on the next round of sanctions against Russia and whether they will include a ban on importing Russian oil* Firmer metals prices underpinned by higher energy prices and concerns about shortagesBase metalsThree-month base metals price...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures were virtually unchanged following release of the February U.S. Trade Deficit at 8:30 AM EDT. Consensus was $88.50 billion versus $89.70 billion in January. Actual was $89.20 billion.The Canadian Dollar was virtually unchanged at US80.35 cents following release of Canada's...Read More
According to an independent study, the CK Gold Project is estimated to create 324 long-term direct jobs and up to 1,024 local jobs throughout the region as a result of estimating the greater effect of the direct investment in the proposed developmentTotal taxes generated during the construction, operation, and closure phases of the project over 13 years were estimated at $75 million in the studyC...Read More
Chengxin Lithium, a Chinese public company, will increase its stake in Lithium Chile (TSXV: LITH; US-OTC: LTMCF) to 19.86%, up from 5%, as the Calgary-based miner plans to complete a private placement of 29.3 million shares for $27.9 million. The Chinese company will also be able to nominate two directors at the board of Lithium Chile. Chengxin has also agreed to help the company in exploration a...Read More
Shares of Grid Metals (TSXV: GRDM; US-OTC: MSMGF) witnessed a 16% increase after the company released results from two out of 11 holes it has drilled on the Northwest Dyke at its Donner Lake lithium property in southeastern Manitoba. The results, which came from the first drillholes to be conducted on the Northwest Dyke since 1955, included 13.8 metres grading 1.53% lithium oxide (Li2O) startin...Read More
As it works towards a 2023 prefeasibility study for its Val-d'Or East gold project in Quebec, Probe Metals (TSXV: PRB; US-OTC: PROBF) has announced the last set of results from its 34-hole drill program conducted last year at the Monique gold project on the property. Highlights from the 29 drill holes completed as part of the expansion drill program about 500 metres southeast of the past-producin...Read More
This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli on the inner mechanics of the gold market and the various methodologies that can be used to estimate the size of a country's gold reserves. He also shares his surprising views on Russia's gold holdings, how sanctions may impact the global economy, as well as his outlook on precious...Read More
Albemarle (NYSE: ALB) and its partner Mineral Resources (ASX: MIN) will speed up the restart of production at their jointly owned Wodgina lithium mine in Australia to respond to "unprecedented" demand for the battery metal.The companies, which modified in February their ownership of Wodgina to make it a 50-50 split, now expect first spodumene concentrate production from Train 1 operations in M...Read More
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after suspending its operations in the country.Along with needing to comply with Western sanctions against Moscow over its invasion of Ukraine, several companies with exposure to Russia have taken steps to avoid reputational damage...Read More
On a Thursday afternoon, I walked single file into a room with about a hundred other people. A TV was carted in - one of those big ol' cathode ray tubes with the faux wooden case.We watched history unfold. Not that we knew it.We were all seven years old, minus a handful of teachers. Here is what we saw: The fall of the Berlin Wall. The inevitable result - according to today's narrative - of a 40-...Read More
Ken Norquay notes that small investors can move in and out of markets without disturbing a thing. Large investors can't. Our plans should take this into account.Today the press is highlighting the Russian invasion of the Ukraine. Last month it was convoys of protesting truckers and the prime minister's declaration of an emergency. Maybe next month it will be China invading Taiwan. Or the FED raisi...Read More
The placement, priced at 13c per share, with one 18c option per two shares expiring in 2025 also offered, comes just two months after the company raised $7 million at 5c in another placement. EUR said the cash would be used for "strategic land acquisition", extensional drilling and metallurgical test work at Wolfsberg, and resource studies at could add to the existing 12.8 million tonne at 1%...Read More
Share this article VANCOUVER - Westhaven Gold Corp. [WHN-TSXV; WTHVF-OTC] reported drill results from its continuing drill campaign at its 10%-owned, 17,623-hectare Shovelnose gold property located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of Merritt, southwestern British Columbia.Gareth Thomas, President and CEO, commented: "We are p...Read More
When you amass a $267.3 billion hoard of wealth like Elon Musk, sometimes it's hard to make a wrong move. At that point, everything you touch turns to pure gold.When news came out on recently that Musk snagged a 9.2% stake in Twitter and became its largest shareholder, the stock popped 30% higher. Everyone wanted a piece of Musk's fortune, and rightfully so.However, investing in Twitter because...Read More
Beyond Mystic, Released on 4/6/22Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Rob Kirby is a financial commentator and former brok...Read More
Peak Prosperity, Released on 4/6/22Want to hear part II of this episode? Join Peak Prosperity for as low as $7.50 per month. Click here: https://peakprosperity.com/membership/The inflation riots have begun. Peru and Sri Lanka both are experiencing violence as inflation spirals the prices of basic necessities higher and higher. We've been here before, and recently. The Arab Spring was a period of s...Read More
Wall Street Silver - Twitter, Released on 4/5/22More on Rob's death from Jim Willie: https://marketsanity.com/jim-willie-discusses-the-death-of-rob-kirby/One of the greatest advocates for freedom & sound money, ROBERT 'Rob' KIRBY passed away on April 3, 2022. pic.twitter.com/yaKdt5pyg0- Wall Street Silver (@WallStreetSilv) April 6, 2022 Rob Kirby has passed away added by Herman James on 04...Read More
Kitco News, Released on 4/6/22Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the upside potential gold has before a correction takes place.Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of "Th...Read More
Stansberry Research, Released on 4/6/22Shark Tank star Kevin O'Leary, also known as Mr. Wonderful, says regulatory policy toward cryptocurrencies will be on hold until the next general election due to the "gridlock in Washington." Bitcoin is worth less than a trillion dollars, "which is nothing in the context of assets," and in order for that to increase, the SEC and regulators need to rule in ord...Read More
USA Watchdog, Released on 4/6/22"The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter...Read More