Expert Clive Maund reviews silver's 4-month and 1-year charts to tell you why he believes it is a good time to load up on this precious metal. Silver has three irresistible attributes at this time, one is that it is very cheap historically, especially when you factor in mounting inflation in recent times. Another is that, in common with metals generally, it looks set to enter a robust bull market...Read More
Less than a month from now – onDecember 5 – an embargo on maritime exports of Russian crude oil to theEuropean Union will come into force, as I explained in mylast article.As a result, global oil supply isexpected to tighten significantly, with Russia being the world’s largestexporter of oil and fuels.Therefore, energy markets are bracing forturbulence, as they may face a new sto...Read More
Gold, silver and mining stocks’ pricessoared on Friday. Let’s see if the dollar may have had something to do withthis movement.Very little happened in the preciousmetals market yesterday, and what Iwrote and said yesterday remainsup-to-date.I got a request to comment on the USDIndex (and its link withgold), and I’ll be happy to deliver. The Flag PatternIn short, the USD Index rem...Read More
The key yield curve has inverted, shouting loudly that a recession is coming - and with it, better times for gold.I activated the high-degree recession alert! I’ve been writing about the downturn for some time, but in October, another important indicator flashed a red light. As you can see on the chart below, the key yield curve has inverted. Earlier this year, the spread between 10-year and...Read More
Mp>The Fed delivered another 75-basis points hike. Gold didn’t like the FOMC meeting and declined further.November’s FOMC gathering is behind us. It was quite boring. You know, another meeting, another 75-basis points hike…The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided...Read More
Oil prices are trading this Friday attheir highest in nearly a month, benefiting from the looming tighter supply asan effect of market speculation around potential zero-Covid policy relief inChina.Availableto premium subscribers only – New trading projections on Crude Oil FuturesDEC22 In addition to the reduction in the OPEC+production target of 2 million barrels per day for the month of Nov...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Precious metals investors remain cautious following the Federal Reserve’s latest jumbo rate hike.On Wednesday, the Fed announced another three-quarter point bump up on interest rates. It’s the sixth straight hike by central bankers and brings the Fed funds rate up to 4%. That’s the highest it has been since...Read More
Macro changing in favor of the gold stock sector is and has been a processThe process began with the leveling off of inflation’s momentum and continued as the global economy began to show signs of weakness (e.g. US manufacturing deceleration and developing supply chain slack among several other problem areas as exposed during the current earnings season).While the nominal sector (HUI or the...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingLaw 21,420, enacted in early 2022, amended the Mining Code and aims to increase the government take from mining concessions and surface...Read More
Look beyond market approach to project valuations: van ZylLeadershipCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe LME announced on January 5 that Huey Evans will not seek re-ele...Read More
The early repayment of its gold prepay facility to Newcrest Mining was the first step in debt reduction at the firm.Read More
"The severe cold temperatures of -35° Celsius (-31° Fahrenheit) immediately froze a number of essential systems in the mills, which delayed the restart of milling operations for several days,"Read More
Throughout the downtime, which resulted from the attack on its IT systems, the firm has been shipping copper concentrate to the Port of Vancouver from mine inventory and has maintained its plannedRead More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingSubsequent to the grant of the extension in 2021, SEMARNAT suggested it had made a typographical error and that the correct term was tw...Read More
"Freeport is successfully ramping up underground mining in Indonesia - our base case assumes progress according to guidance - and growing volumes in 2023 that should support free cash flowRead More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming"International geopolitics has become an important factor affecting China's resource supply," the country's minister of natural resourc...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 20 point in pre-opening trade.Index futures moved higher following release of the December Non-Farm Payrolls at 8:30 AM EST. Consensus was an increase of 200,000 versus a downwardly revised gain of 256,000 in November. Actual was an increase of 223,000. December Unemployment Rate was expected to remains unchanged from N...Read More
The calendar has scrolled to 2023... for good ... or ill.As a financial newsletter, we are duty-bound to hazard our annual market forecast - such as it is.So today we fetch our crystal ball from storage, blow away the dust... and gaze for images of the year ahead.How will the economy fare in 2023? Where will the stock market end the year? Gold? Oil? Bitcoin?The answers - the guaranteed answers - a...Read More
Sun Summit Minerals (TSXV: SMN; US-OTC: SMREF) says 2023 could be a decisive year for the company's Buck gold/silver/zinc project in north-central British Columbia. A set of 3,000 metres of outstanding drill results will shed light on how large the emerging epithermal system is, and company president Sharyn Alexander says an initial resource could be ready before the year is out."With the results...Read More
Arctic Canadian Diamond, operator of the Ekati mine in the Northwest Territories, is on track to expand revenue by more than half as it aims to be the only miner using a remote underwater vehicle with a cutting drum. The Calgary-based unlisted company will likely record 2022 income of about $500 million, an increase of more than 60% from the previous year's 11 months of operations, because of h...Read More