Moneta Porcupine Mines (TSX: ME) has released a positive preliminary economic assessment (PEA) for the South West deposit at its Golden Highway project, near Timmins, Ontario.The study outlines a 1,750-tonne-per-day underground mine that would produce an average of 76,000 oz. gold per year over a mine life of 11 years at all-in sustaining costs (AISCs) of US$747 per ounce. Mining would be via ramp...Read More
FPX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company's Decar nickel district, in B.C., which, according to Martin Turenne, the company's president and CEO, "establishes Baptiste as a premier large-scale nickel project."The study suggests a 35-year, 120,000-tonne-per-day open-pit operation, with an onsite magnetic s...Read More
Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More
"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More
Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fun...Read More
Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breath...Read More
RESEARCH HIGHLIGHTS:Breakdown in Crude Oil sparks talk of sub $30 price targets.Initial support likely near $32 to $33.Predictive Modeling suggests deeper price lows may be reached before November 2020.Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 su...Read More
Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.A close below the $1,900 level would carry bearish implications for the near term.Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz. These breakout...Read More
As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions. For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower.Now the question is: Where can investors look for leadership going forward? As would be expected during big down days for equities, g...Read More
The gold miners’ stocksare mired in correction mode, which isn’t surprising after their mightypost-stock-panic upleg. Huge buying catapultingthem higher left this sector extremely overbought. Corrections are normal and healthy after pricesget too stretched technically. They eradicateupleg toppings’ excessive greed, rebalancing sentiment. That paves the way...Read More
“Those who plan, invest and execute long-term win,’ says long-time market analyst R.E. McMaster in A Layman’s Guide to Golden Guidelines for Wise Money Management. “Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life – short-term sacrifice for long-term benefits, deferred gratific...Read More
Would you like to know one simple way of achieving investment successes and getting rich? That’s great, I will reveal this secret to you – and you even don’t have to click anything! The trick is to find a bull market and go long! And, what a coincidence, gold is right now in the bull market… If you don’t believe, then look at the chart below. If the chart does not p...Read More
Hope you have all had good August holidays despite the fast materialising Covid-19 second peaks across the world with the United States leading the way by galloping ahead of the rest. Though much of Europe has also taken it's eye off the ball and is fast seeing it's 2nd peaks materialising with the UK managing to fair better largely due to intelligence of it's citizens rather than any actions from...Read More
Those in favor of Judy Shelton’s approval by Congress, pursuant to her nomination to the Federal Reserve Board Of Governors, should not be surprised by the torrent of criticism directed at her.A letter published and signed by former Federal Reserve officials and staffers called on the Senate to reject her nomination, stating that “Ms. Shelton’s views are so extreme and ill-consid...Read More
Peter Krauth discusses the Fed's inflation target and what that means for gold.Make no mistake, higher gold prices are coming.By pulling yet another arrow from its quiver, the Fed's just helped move us closer that target.The Fed wants inflation, so it's going to get it. Problem is, we the people, will have to live with it.Fed Chair Jerome Powell told us last week they will let inflation run higher...Read More
According to the WGC, the latest leg of gold’s 2020 bull run has come too fast, but gold has still potential for further upside. The World Gold Council has recently published a few interesting reports. Let’s analyze them and draw important conclusions for the precious metals investors! I’ll start with the July Investment Update: “Gold hits record high: sprint or marathon?&r...Read More
August 13, the Market Oracle publishes my article on Gold, Silver, the Black Rock and the Twins. I claim something is going on that can’t be explained without knowing what happened in 2015 that changed the precious metals and mankind’s destiny.I am still waiting to see if Silver tests the $21 resistance but what happened yesterday (August 11) and the next day is perplexing. Augus...Read More
Public and private pensionplans face a dual crisis.The first and most obviousthreat to pensioners is that defined-benefit vehicles are severely underfunded.By one estimate, pension systems taken as a whole are $638 billion in the red.Some are in better shapefinancially than others. But all pension plans will have to reckon with asecond huge challenge going forward.Namely, they are alreadyentirely...Read More
Fed adopts a new strategy that opens the door for higher inflation. The change is fundamentally positive for gold prices.So, it happened! In line with market expectations, the Fed has changed its monetary policy framework into a more dovish one! This is something we warned our Readers in our last Fundamental Gold Report:the Fed could change how it defines and achieves its inflation goal, trying, f...Read More