Teck currently has four steelmaking coal operations in the Elk Valley region of British Columbia. Credit: Teck ResourcesTeck Resources is facing allegations of putting workers at risk of contracting covid-19 and spreading the virus into the nearby communities by keeping coal operations open in the east Kootenay region of British Columbia.According to The Globe and Mail, a local resident wrote a le...Read More
Like any sport, investing strategies need to adjust depending on the situation. When it’s time to play offense, pull the goalie and go for it. When it’s time to play defense, collapse to the net.Right now, we’re in an obvious defensive environment. The preservation of capital and corporate survival have become key priorities for many companies. Just a few months ago, many high-fl...Read More
Thor-Kallestad, founder and CEO, Datacloud. Image from Datacloud. Seattle-based mining technology company Datacloud has partnered with Trevali (TSX:TV) on orebody evaluation at their Caribou mine in New Brunswick, Canada and at Rosh Pinah in Namibia, using cutting edge technology to provide information on ore-waste boundaries and to identify mineralized zones. The Caribou zinc-lead-silver mine is...Read More
Proposed Black Butte copper mine in Meagher County, Montana. Credit: MTDEQ The Montana Department of Environmental Quality (MTDEQ) has issued a positive Record of Decision (RoD) to Sandfire Resources America (TSXV: SFR), granting the company an operating permit for its proposed Black Butte underground copper mine.Concurrently with the RoD, the company has also received its preliminary air quality...Read More
The talking heads are acting like this is all something new. $2 trillion handed out in free money.Economists and "journalists" are picking sides and acting like something changed with the pandemic.Some say it is great. They say debt doesn't matter anymore. Maybe it never did. The alternative is so much worse we won't even explain it.Some say it sets a new and dangerous precedent. That nothing the...Read More
Northwest British Columbia. Stock image. The mining industry is fraught with capital cost overruns. A quick internet search will turn up many examples. The results quickly high-light that as many as two-thirds of mining projects see cost overruns. Moreover, the researcher can see that it is a decades-long problem. That is, the industry doesn't seem to be getting better at their cost...Read More
Adam HamiltonArchivesApr 10, 2020Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won't be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for year...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
We recently talked with Trent Mell, President and CEO of First Cobalt (TSX.V: FCC, OTCQX: FTSSF). First Cobalt is positioned to have its Refinery producing Cobalt as early as Q4 2020.First Cobalt has partnered with Glencore and they have been working on a feasibility study that will be released in a few weeks. The Company has the only permitted cobalt refinery in North America capable of producing...Read More
It's clear now the coronavirus will leave many permanent effects on society and be remembered for generations.Like 9/11 or the financial crisis of 2008, we will tell future generations about a time before coronavirus ("B.C.") and compare it to the new social order.Many have already begun speculating about what a post-lockdown world will look like. Speaking on a Wall Street Journal podcast, the Dir...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won't be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for years. It will catapult gold...Read More
By Gary Tanashian[edit] It goes without saying that gold miners and the royalty companies that live off them will be shown to have been impaired like many other companies by the coming Q2 numbers due to shutdowns. An emailer questioned my view on this and it has been one of my personal caution points. Markets should be looking ahead, but during this euphoric sentiment release across broad market...Read More
By David HaggithToday the bulls did it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return.The U.S. stock market secured another strong advance on Thursday, despite an economic bombshell of historic proportions. The Dow Jones Industrial Average...Read More
By Mike GleasonWild price action and unprecedented interventions once again characterized this holiday-shortened trading week.Oil prices whipsawed lower Thursday on concerns about expected oil production cuts from Russia and Saudi Arabia. But the general trend for most other assets, including metals and equities, was up - way up.Stocks finished out the week with the major averages posting their...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
Gold has been misunderstood and ignored by retail investors, financial advisors and pension managers as a critical portfolio asset during normal market conditions. However, during periods of market stress, such as we are experiencing now, gold becomes a safe haven asset that will mitigate losses in the portfolio. For a number of years, many experts have been warning about overinflated market...Read More
Back at the 2008 crash low in the HUI there was a reversal pattern, that is pretty rare, which helped confirm that very important low. If you ever wondered what the 2007 – 2008 top looked like and the decline that followed to the 2008 crash low this daily chart for the HUI paints the Chartology I posted at the tent, in real time, as the impulse move to the downside took place.The 2007 &ndash...Read More
From Wikipedia: “In English, the phrase fly in the ointment is an idiomatic expression for a drawback, especially one that was not at first apparent, e.g. We had a cookstove, beans, and plates; the fly in the ointment was the lack of a can opener.” For four centuries, ‘a fly in the ointment’ has meant a small defect that spoils something valuable or...Read More