The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more importan...Read More
South Africa's labour court ordered the Ghana-focused developer to pay former exploration director Hendrik Schloemann $140,000 plus interest and legal costs in December. GoldStone told shareholders it would consider an appeal after the ruling, but withdrew its application for leave to appeal on February 5 in secret. In the case, Schloemann successfully argued he had not resigned, as the...Read More
DRA Global, the Perth-headquartered parent company of the Johannesburg-based DRA Engineering business, is close to wrapping up its important strategic purchase of fellow South African company SENET,Read More
Paul Pint, Executive Chairman of Aguia Resources. Source: Aguia Resources Ltd.Aguia Resources Ltd. [AGRL-TSXV; AGR-ASX] shares were active Monday March 18 after the company released a maiden resource estimate for its Andrade copper project in Brazil.The company said total inferred mineral resources are estimated at 10.8 million tonnes with an average grade of 0.56% copper and 2.56 grams/tonne silv...Read More
The exploration crew working at Northern Dynasty's Pebble Project in southern Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] said Monday March 18 that it has raised US$11.5 million from a share offering that was completed on a bought deal basis.The offering consisted of 17.9 million common shares priced at 64 cents a share and was completed under a...Read More
Carolina Sanchez, Secretary of Mining Policy, Ministry of Production and Labor. Photo courtesy Argentina government Mining Policy Secretariat ?s Press office.During the recent PDAC Convention in Toronto, Carolina Sanchez, Secretary of Mining Policy,Ministry of Production and Labor, Argentina, spoke to Resource World about her country's efforts to grow their mining industry.RESOURCE WORLD: Vanadium...Read More
This is the biggest crisis facing mankind today...You and I grew up with running water. And it's something we take for granted.But the fact is that around the world today, one in nine people - more than 844 million, according to Water.org - lack access to safe, clean drinking water.Meanwhile, one in three lack access to a modern toilet.Take a minute to appreciate the scale of this crisis here...We...Read More
StrengthsThe best performing metal this week was palladium, up 2.42 percent, despite speculators cutting their bullish view to a four-month low. Gold traders were bullish this week, after two weeks of being neutral on the outlook for the yellow metal, on the expectation that central bank policies will help spur demand, according to the weekly Bloomberg survey. Gold climbed back above the $1,300...Read More
By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More
By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...Read More
Probably not much. It's in their interest to just sit back and wait while the rest of the world opens up the money spigot. They'll probably wind up doing that too, but right now they can just keep the machine idling until the direction becomes clearer. We also had a discussion about Basel III. It could be that once again gold reserves will be considered money. Is that too much to hope for and woul...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
One of history's hard lessons is that collapsing financial systems beget authoritarian politics. Today's world, alas, is following this script, as rising debts lead to wrenching politicalContinue...Read More
Jason talks about how and why DC is so adverse to meaningful change and good ideas.Jason talks about how a small army of highly paid consultants, lobbyists and federal government bureaucrats are leaking, sabotaging and delaying President Trump's policies and working on getting Trump's political appointees fired. Read More
There's many changes afoot in the gold mining sector. The so-called GDX-J appears to be ready undergo another makeover. This time non-cashflowing companies will be removed from the index. Only producers and royalty companies will be included. What about all those exploration companies? How will this impact their ability to raise capital? We talk extensively about Barrick-Newmont-Goldcorp and where...Read More
Jason talks about the how President Trump is lying about how well the US economy is doing based on a really poor Atlanta Fed Q1 2019 GDP number. Construction spend also declined 6% according to the most recent data released. All signs are pointing to serious trouble for U.S. economic activity. There is zero data that supports economic activity is strong or even sustainable, only words.What is trou...Read More
Gold is back above $1300 per ounce to start the week as the market lookgs forward to the next Fed meeting Continue...Read More
Aftergold’s plunge on Thursday, it made a comeback attempt on Friday. But thaterased only half of Thursday’s vigorous decline. The situation in silver and goldminers doesn’t provide much ground for optimism either. The silent scream wewrote about in the Wednesday’s Alert for our subscribers brought seriousrepercussions. Both immediately and step-by-step as in a trainwreck i...Read More
It’s been years since the gold and silver topped out in 2011. We have been waiting for a new bottom form and a new bull market to emerge for nearly 8 years. In this article, I’m going to compare palladium, gold, platinum, and silver and show you which of these precious metals I feel is the best long-term investment and also the best trade for 2019.The analysis presented below is based...Read More