Canadian savers are constantly searching for reliable stocks to add to their RRSP portfolios.For much of 2018, the market appeared expensive, but the recent correction is finally giving buy-and-hold investors an opportunity to pick up some top names on the TSX Index at attractive prices.Let's take a look at Suncor (TSX:SU) (NYSE:SU) and Nutrien (TSX:NTR) (NYSE:NTR) to see if one deserves to be on...Read More
This year has been a very difficult time for silver investors and miners. The white metal has fallen by over 16% since the start of 2018 to be trading at around US$14.60 per ounce, and there are signs that a recovery is a long way off.Nonetheless, this shouldn't deter investors from acquiring primary silver miner Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS). Recent developments indicate that...Read More
I continue to receive questions regarding the direction of the market, to which I can only reply "I don't know." I certainly have thoughts about the factors affecting metals markets, but am not under the illusion that I KNOW where the market is headed.What I do know is that my money is best invested, in tranches, in the best companies in the sector. The best companies are led by the best managemen...Read More
November 30, 2018GOLD:Short Term Update:What a day! This is incredible! We called it with our wave counts, and now it's really happening as the Fed may have just blinked!Within wave .iii. we are now working on our first impulsive sequence, as shown on our "Daily Gold Chart".Within that first impulsive sequence we believe that we are working on a subdividing wave $iii$. Within wave $iii$, wav...Read More
Note: New homes sales, based on the seasonally adjusted annualized rate metric, are down over 23% from their peak in November 2017. Pending home sales, which translate into existing home sales less canceled contracts (typically failed financing), are down on a year-over-year basis 11 out of the last 12 months. But it's not just interest rates, which aren't up much from their lows in the context of...Read More
The company has the Elandsfontein phosphate project on South Africa's west coast, is in the process of buying the Hinda phosphate project in the Republic of Congo and also has the rights to the Aflao prospect in Ghana. Elandsfontein is currently under care and maintenance after six weeks of operation in 2017, and needs around US$16 million to get back into production. The compa...Read More
The surprise was not in the results themselves from the four-hole program at the unnamed discovery, assumed to be the historic Oak Dam West anomaly.The surprise was that BHP announced t...Read More
"This gives them the ability to analyse and upload field data in real-time from the most isolated locations around Australasia," Inmarsat said in a statement.Imdex's (ASX: IMD) cloud-based hub aggregates and transmits field data from subsurface instrumentation and mobile units, allowing an automated and instant upload of the data to a company's headquarters.Imdex's general manager product developm...Read More
The BMW i3 battery-powered automobile. Source: BMW Group.BMW Group is teaming up with BASF SE, Samsung SDI and Samsung Electronics to launch a cobalt pilot project in the Democratic Republic of Congo (DRC) in a bid to improve working conditions in artisanal mining operations as well as living conditions in surrounding communities.Cobalt, which is produced primarily as a by-product of copper and ni...Read More
Goldcorp's Pe??asquito gold mine about 200 km northeast of Zacatecas, Mexico. Source: Goldcorp Inc.Goldcorp Inc. [G-TSX; GG-NYSE] says it has produced the first dor?(C) gold bar from the Pyrite Leach Project (PLP) at its 100%-owned Pe??asquito mine in Mexico. The aim of the project is to allow Pe??asquito to process ore which was previously considered uneconomic, including significant amounts alre...Read More
Working underground at SilverCrest's Las Chispas Project in Sonora, Mexico. Source: SilverCrest Metals Inc.SSR Mining Inc. [SSRM-TSX, NASDAQ] is acquiring a 9.9% stake in SilverCrest Metals Inc. [SIL-TSXV, SVCMF-OTCQX] by purchasing 8.2 million common shares of the company via a private placement.The total consideration is $30.7 million or $3.73, marking a 19% premium on the closing price of Silv...Read More
Quartz carbonate vein breccia with pyrite and chalcopyrite from the first ever drill hole on the Cole Target, KH18-18Metallis Resources Inc. [TSX-V: MTS; OTCQB: MTLFF] is pleased to announce the second set of assay results from the Company's 2018 drilling program at its 100%-owned Kirkham Property in the prolific Golden Triangle of northwest British Columbia. The first ever drill program at the Co...Read More
The price of oil remained soft this week.Data from the EIA released Wednesday showed American crude inventories unexpectedly increasing to a one-year high.The market had actually expected a decline in inventories. Wednesday's data marks the 10th consecutive weekly increase in U.S. oil stocks and frightened off investors, pushing prices down to just $50 per barrel yesterday.Of course, OPEC was ther...Read More
CloseGain/LossOn WeekGold $1221.70-$2.20-0.09%Silver$14.17-$0.13-0.49%XAU64.46-0.52%-1.24%HUI145.04-0.93%-1.88%GDM531.74-0.56%-1.54%JSE Gold1098.81-25.26-3.68%USD97.19+0.41+0.29%Euro113.20-0.69-0.08%Yen88.21-0.09-0.62%Oil$50.93-$0.52+1.01%10-Year3.002%-0.027-1.22%Bond140.71875+0.59375+0.49%Dow25538.46+0.79%+5.16%Nasdaq7330.54+0.79%+5.64%S&P2760.16+0.82%+4.85% The Metals: ...Read More
By Ira EpsteinThe outcome of the G-20 Meeting will determine metal prices come Sunday night.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort156,779154,90865,544172,358188,458394,681408,910Change from Prior Reporting Period -8,727-1,702-49,840-28,901-35,941-87,468-87,483Traders139101865152239199 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,12033,891442,801 4,3294,344-83,139 non reportable positionsC...Read More
By Marin KatusaOne of the biggest stories in the resource sector this year is how well Australian gold stocks have performed.They've absolutely crushed their peers in the western hemisphere.Below is a chart which shows the huge out performance of the Australian gold producers over their North American listed cohorts. You can see the gap in returns is very wide.While the gold market has been lous...Read More
By David Brady, CFAThe Fed was notably more dovish in its tone this week. On Wednesday, Fed Chair Powell warned of "generally elevated" asset prices. But then he followed that with: "The resulting drop in asset prices might be particularly large, given that valuations appear elevated relative to historical levels." We also got the headline: "Fed warns that a 'particularly large' plunge in market...Read More
The junior gold miners' stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies' battered stock prices aren't fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than stock prices imply, they need...Read More
HighlightsIn Part I. of this discussion with Bob Hoye of Institutional Advisors includes a startling sea change in attitude towards the PMs sector. After years of bearishness, Bob Hoye announced the potential for an epic GOLD RUSH on the horizon in the PMs sector, in particular, the mining shares.Lower expenses and deflation in typical shares enhance their appeal of PMs equities to the benefit o...Read More