Barrick Gold may just be trying to lower Newmont MIning's share price enough in order to do a proper bid, said Pierre Lassonde, chairman of Franco-Nevada. "What's happening has never been seen in history. Frankly, it's the first time I've ever seen a hostile [takeover] at a discount to the stock price," Lassonde told Kitco News at the BMO Global Metals & Mining Conference.Read More
The findings suggest the potential for additional discoveries in this metals-laden district. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC) reported in a news release it intercepted platinum and palladium mineralization at the Chrome Mountain and East Boulder targets at Stillwater West, its flagship project. These results are from 2018 Stillwater exploration programs, historical data analyses and...Read More
Sector expert Michael Ballanger muses on current money market conditions and their impact on prices for the precious metals. I was poring over the Federal Reserve minutes from Feb. 21, and as I was rolling my eyes and looking around my den for something to throw, I was reminded of the comments from then-Fed chairman Ben Bernanke years ago when he was asked if the Fed was "monetizing debt." The re...Read More
A new target for the share price reflects the potential of new targets for the firm, a ROTH Capital Partners note explains. In a Feb. 20 research note, analyst Joe Reagor reported ROTH Capital Partners increased its target price on Auryn Resources Inc. (AUG:TSX; AUG:NYSE) to US$3.25 per share from $3 because "2019 could be a significant year for the company as it examines new targets at Committe...Read More
The Critical Investor explains why this company is one of his favorite holdings. Drilling at Rupice1. IntroductionOne of my favorite holdings, Adriatic Metals Plc (ADT:ASX; 3FN:FSE), is still under the radar for a lot of North American investors, being an Australia listed company. It is my strong conviction this is not really deserved, and this situation might potentially not last very long. As i...Read More
Like all bull markets, the silver bullmarket has different phases, and theses phases have different intensities ofprice growth.There are various indications/signs that silver is going into aphase of the bull market where prices will rise much faster than before. I havecovered some of them in previous articles.Here are a few things to look at. A Drop in the USD/ZAR rate (probablybelow 12)Due to the...Read More
By: Jim Willie CB The Gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). These factors can be identified, each very powerful, each with a very new recent twist to alter the landscape. All three forces are positive in releasing Gold from the corrupt clutc...Read More
"A statistician is someone who can draw a straight line from an unwarranted assumption to a foregone conclusion." Anonymous "You know a country is falling apart when even the government will not accept its own currency." Jim Rogers, financier, adventure capitalist, b. 1942 "The generally accepted view is that markets are always right - that is, market prices tend to discount future development...Read More
By: Keith Weiner, Monetary MetalsAyn Rand famously defended money. In Atlas Shrugged, Francisco D'Anconia says:"So you think that money is the root of all evil? . . . Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal wit...Read More
SWOT Analysis: Will Hedge Funds Ramp Up Their Bullish Gold Bets? StrengthsThe best performing metal this week was palladium, up 4.74 percent with platinum on its heels up 4.32 percent with the South African mining industry warning of a week-long strike threat. Gold makes a second consecutive weekly gain. Futures of the yellow metal rose as much as 1.6 percent on Tuesday to the highest for a mos...Read More
By: Ira Epstein$1,301.60 swing point key to current uptrend:Read More
Feb. 22nd, 2019(S14-E684)Featured GuestsDr. Stephen Leeb& Michael PentoPlease Listen HereBest selling author, and show Mentor, Dr. Stephen Leeb returns with an even more robust outlook on precious metals.Dr. Leeb feels the trade war between the US / China will be resolved amicably without undo distress to either nation.The narrative includes the musical accomplishments of Glenn Gould, a most r...Read More
I'd love to tell you that bulls have been sniffing glue and that they are long overdue for a brutal comeuppance. However, it turns out they are anything but wild-eyed, and their expectations are relatively subdued. AIAA's most recent survey found that 35.3% of investors are 'neutral' right now the highest percentage in seven months. As for bulls, they are at 39.3%, only slightly above the...Read More
Two prestigious conferences are just around the corner, PDAC and Thinking North. I am honoured to be speaking at both and I hope to see you there.The annual PDAC Convention is regarded as the premier international event for the mineral industry. In recent years, it has attracted more than 25,000 people from 125 countries and will next be held on March 3-6, in Toronto at the Metro Convention Centre...Read More
SRSrocco says, "while it has been a long and frustrating road for precious metals investors, I can assure you; we will have the last laugh". Here's an update...by Steve St Angelo of SRSrocco ReportSales of Silver Eagles continue to be strong as demand for the official coins surged in February. Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S...Read More
Mining stocks are facing an opportunity they haven't seen many times in the past 8-years!This 2-pack looks at the Gold Bugs Index (HUI) and the Gold & Silver Miners (XAU) Index over the past 12-years. Since the highs in 2011, both have created a series of lower highs and lower lows along each (1) line. The counter-trend rally the past couple of months has each mining index facing long-term fallin...Read More
RAPAPORT... Profit at Sarine Technologies plunged sharply in the fourthquarter, amid weaker industry sentiment that impacted consumer spending, theequipment maker said Sunday. Profit dropped 85% year on year to $93,000 for the threemonths ending December 31, as uncertainties in China and tightening bank creditto India's manufacturing sector resulted in lower capital-equipment sales andreduced...Read More
RAPAPORT... Actress and singer Lady Gaga sported a 128.54-carat yellowdiamond and platinum Tiffany necklace at the 91st Academy Awardsshow Sunday night. The Oscar winner wore the 141-year-old cushion-cut TiffanyDiamond - which originated in the Kimberley mines in South Africa - was last seen on Audrey Hepburn at the publicity shoot for the 1961 movie Breakfast at Tiffany's. It's th...Read More
RAPAPORT... Signet Jewelers is offering employees at its Ohioheadquarters benefits and assistance to leave the company voluntarily, in aneffort to reduce costs. The Voluntary Transition Program (VTP) is available tosupport-center and field team members at the district-manager level or above,who have been with the company for more than two years, chief people officerMary Liz Finn told employee...Read More
Bloomberg reports that Beny Steinmetz has ended a seven-year-old dispute with Guinea, a mineral rich country in West Africa. Reportedly, the settlement was brokered by former French President Nicolas Sarkozy. As a result of the agreement, Steinmetz-controlled BSG Resources Ltd. and Guinean President Alpha Conde have both withdrawn allegations of corruption and agreed to drop a two-year-old arbitra...Read More