Barrick Gold (TSX: ABX; NYSE: GOLD) has abandoned its hostile takeover bid for Newmont Mining (NYSE: NEM), after the companies struck a joint-venture deal on their Nevada assets.Barrick will own 61.5% and Newmont, 38.5%, of the new joint venture, which will be operated by Barrick, and will allow the two partners to "tear down the fences and operate our assets as one mining complex," Barrick's new...Read More
Please support Tommy's family and fighting his case http://www.freedomfortommy.comRead More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely lead to the funda...Read More
Growth investors have some strong options at the moment, with everything from gold to cannabis to energy stocks offering high expected growth in earnings as well as a mix of upside and passive income. Let's take a look at five of the best Canadian stocks to buy now for capital gains as well as some dividends.Wesdome Gold Mines (TSX:WDO)On a tear since May, Wesdome Gold Mines is as subject to wild...Read More
Metals and mining stocks remain some of the best routes to high growth on the TSX index, with enough upside potential to satisfy momentum investors. With prices of precious metals possibly set to climb in 2019, here are some of the best mining stocks to buy now for significant capital gains further down the road.Wheaton Precious Metals (TSX:WPM)(NYSE:WPM)A top choice for fans of precious metals st...Read More
Predicting the outlook for iron ore and steel has become something akin to gazing at tea leaves and trying to determine what the future holds. Fears of a trade war between the U.S. and China coupled with less-than-stellar economic data from Beijing as well as slowing global growth were all weighing on the outlook for metals.The base metal has been extremely volatile since the recovery in commoditi...Read More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely lead to the funda...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 12, 2019With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now.Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series...Read More
James Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that "the economy is in...Read More
This means the Jersey-registered company, which has a market cap of £5.37 million (US$7 million) is on the hook for US$140,000 plus 10% annual interest and both sides' costs.Read More
Drilling a potential kimberlite pipe on the Bishop Nipissing properties near the town of Cobalt, northeast Ontario. Source: RJK Explorations Ltd.RJK Explorations Ltd. [RJX.A-TSXV; RJKAF-OTC] said Tuesday March 12 that it has commenced drilling to test two potential kimberlite targets at its Bishop Nipissing diamond properties south of Cobalt, Ontario.The company also said Robert J. Mackay, a min...Read More
Goldcorp's Cerro Negro mine in Argentina. Source: Goldcorp Inc.Goldcorp Inc. [G-TSX; GG-NYSE] has ceased mining at its Cerro Negro mine in Argentina as a result of an illegal work stoppage by the AOMA mining union, the company said in a press release, Tuesday March 12."All mining ceased when the work stoppage began late on March 9, 2019, and processing activities have now been discontinued with th...Read More
Shannon Stubbs, Conservative Member of Parliament.Shannon Stubbs, Conservative Member of Parliament who represents the riding of Lakeland, Alberta, provided Resource World Magazine with her thoughts on mineral development during an interview at the recent Prospectors and Developers of Canada annual conference in Toronto.RESOURCE WORLD: How would you characterize the current state of the mining ind...Read More
Well, it's been a heck of a year. The S&P 500 went from a low of 2,350 in December back up to around 2,800 in an attempt to break though some stubborn resistance. This is known as a short-covering sucker's rally.Meanwhile, the price-to-earnings ratio dropped from 26.5 to 21.35. It is still well above the mean P/E of 14.75 but not quite as stratospheric as it has been.Was it only 10 years ago tha...Read More
- Clint Siegner, Money MetalsA year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs "extraordinary measures" to fend off default.The federal deficit is mushrooming once again. The 2017 tax cuts have taken a bit...Read More
By: Dave KranzlerJames Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that...Read More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely precede the fun...Read More
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More