However RBC analyst Tyler Broda noted Vale's ability to draw down on stockpiles and tipped the Brazil-based miner would ship more tonnes into the seaborne market this year than in 2018, also pointing to the iron ore price easing. The benchmark 62% fines iron ore price is returning towards a record high due to recently-announced supply constraints, rising above US$90/t again yesterday to $90.1...Read More
Kirk WoodmanThe Islamic State in Iraq and Syria (ISIS) claims to have kidnapped and killed Canadian geologist Kirk Woodman while he was working in Burkina Faso, West Africa, according to published reports.Woodman's body was found on January 16, 2019, two days after his abduction by a dozen gunmen at a mining site operated by privately owned Vancouver company Progress Minerals.A report by Reuters n...Read More
The First Cobalt Refinery near the town of Cobalt, northeastern Ontario. Source: First Cobalt Corp.First Cobalt Corp. [FCC-TSXV; FTSSF-OTCQB; FCC-ASX) shares rallied sharply Wednesday April 3 after the company said it has successfully produced a battery grade cobalt suflate.The company said it achieved this result by using the First Cobalt Refinery flowsheet, a milestone that brings the company cl...Read More
Alamos Gold's 100%-owned Mulatos gold mine located 220 km east of Hermosillo, Sonora State, Mexico. Source: Alamos Gold Inc.Alamos Gold Inc. [AGI-TSX, NYSE] said Wednesday April 3 that its Mulatos Mine in Mexico produced its two millionth ounce of gold in March 2019. This milestone marks the end of the 5% net smelter royalty, representing a saving of approximately $65 per ounce at the current gold...Read More
Every young Saudi prince knows the story.The source of their family's oil wealth starts back during the 1930s, when a small group of wildcatters drilled the Dammam No. 1 well.It was the first oil well ever drilled in Saudi Arabia.And it turned out to be a dud.So was the next. And the next. And the next.You get the point.For these early drillers, the seventh time was the charm.On December 7, 1936,...Read More
You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold's latest 8-month chart bel...Read More
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Bitcoin's sharp rally on Tuesday was being described by some as a 'mystery surge', but it is no mystery at all for anyone who has seen the film Night of the Living Dead. Buffs may recall that the movie's flesh-eating zombies were activated by radioactive contamination from an exploding space probe that had visited Venus. Although no similar explosion has been reported by NASA, it seems entirely...Read More
Stocks have completely recovered from their flash bear market of late 2018.But now they face a hard question: Can already record high prices continue to rise in the face of falling corporate profits?Let's start with the "falling corporate profits" part:A business generates improving profits when the things it sells rise in price faster than the cost of production. So on the following chart you wan...Read More
Should middle America be thankful for all the "jobs" provided by the military in areas like the National Guard? That's the argument of some pro-war progressives. It's dead wrong. The massive military budget is driven by the idea that "debt doesn't matter" - a false notion that is leading us to economic devastation.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran fo...Read More
John Rubino with the popular financial website DollarCollapse.com, talks about the need to return to a gold backed monetary system with debt markets at false levels.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spen...Read More
Disappointing employment numbers, declining home sales and prices in Canada, the US and Australia, among others and bad US employment numbers, it's all happening. We'll see about the stock market. Earnings are certainly declining. There will be a day of reckoning and probably sooner than later. When that day comes, there will be tons of opportunities for amazing values. The key is to be prepared f...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Looking strictly at the numbers it's hard to work up much interest in whether Republicans or Democrats are in charge after 2020. Either way, trillion-dollar deficitsContinue...Read More
As hope for a U.S.-China trade deal increases, so have the prices of semiconductor stocks. Continue...Read More
Michael Ballanger discusses recent movements in the stock and precious metals markets. Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to the infamous "Thank God It's Friday!" bistro located about a fi...Read More
It’s possible last week’scascading selling rout in palladium ended its multi-year bull market. Theformerly white-hot metal lost more than $200/oz (but is beginning to rebound).For now, however,palladium prices remain in a long-term uptrend above the bullishly aligned 20-weekand 50-week moving averages – and physical supply remains tight. Regardless of whether the palladium market...Read More
In February, the World Gold Council released the newest edition of Gold Investor. What can we learn from the report? Let’s discuss gold’s role in the onslaught of the cashless society, its role as a portfolio diversifier, reverse asset and source of liquidity.Rogoff Wants Cashless Society, but Appreciates GoldAs a lot has happened recently, we didn’t have time to analyze the late...Read More
Stop me if you’ve heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let’s look at the t...Read More
You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold's latest 8-month chart bel...Read More