Trevali Mining's Caribou zinc mine in the Bathurst Mining Camp of New Brunswick. Source: Trevali Mining Corp.Trevali Mining Corp. [TV-TSX, TREVF-OTCQX, 4T1-Frankfurt, TV-LMA] on Tuesday said it has downgraded the production guidance for its Caribou mine in New Brunswick due to challenging rock mass conditions. However, the company said increased zinc production from its Perkoa operation in in Burk...Read More
Quartz-carbonate veining and vuggy pyrite mineralization in drill core hole ESO-06-03Aurelius Minerals Inc. [AUL-TSXV] shares rallied sharply Tuesday after the company released additional drilling results from its Mikwam Property in Ontario.Aurelius is a gold exploration company with a focus on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, which ranks as one...Read More
The White House is downplaying the murder of this Khashoggi fellow.That's because they know it could lead to another all-out trade war with Saudi Arabia. Or worse.If you're not already familiar with the story, let me bring you up to speed:Jamal Khashoggi was a Saudi journalist and longtime critic of the kingdom's government. His last position was as editor-in-chief of the Al-Arab News Channel, a p...Read More
Troilus Gold Corp. (TSX-V: TLG) is an advanced-stage exploration and early-development company, focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The 4,700-hectare Troilus property is located Northeast of the Val-d'Or district, within the Frot??t-Evans Greenstone Belt in Quebec, Canada. We learned from Justin Reid, CEO of Troilus Gold Corporat...Read More
Minotaur Exploration Ltd (ASX: MEP) has extensive minerals exploration tenements in South Australia, Queensland and Western Australia. We learned from Andrew Woskett, Managing Director of Minotaur Exploration, that they are a grassroots copper/copper-gold exploration company that relies upon joint ventures to provide working capital. We learned from Mr. Woskett that the company was founded and est...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
By Ira EpsteinGold breaks out of bullish pennant formation.https://www.iraepstein.com/ Read More
By Craig HemkeThe price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead. Back in 2001, the price of palladium spiked to highs above $1100/ounce. At the time, major physical palladium shortages appeared and tremendous strain was put upon the LBMA palladium market in London. Lease rates soared, and it appeared...Read More
Source: Michael Ballanger for Streetwise Reports 10/22/2018 Sector expert Michael Ballanger explores the impacts of several historic market crashes. -->Q: How do you get your broker out of a tree?A: Cut the rope. Common joke from October 1987It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation...Read More
Source: Maurice Jackson for Streetwise Reports 10/22/2018 Brien Lundin, publisher of Gold Newsletter, sat down with Maurice Jackson of Proven and Probable to discuss precious metals and their relationship with recent Fed actions and the dollar. -->Maurice Jackson: Joining us for a conversation is Brien Lundin, the president of Jefferson Financial, helping to protect your world.Please tell u...Read More
Graceland UpdatesBy Stewart Thomson 1. Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?2. For the likely answer to that interesting and potentially enriching question, please click here now. Double-click to enlarge this daily gold chart.3. Gold has formed an important double bottom pattern. After an initial breakout to...Read More
By Dave KranzlerIt's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration...Read More
By Ricky WenMonday's session was a doji range day with the S&P 500 repelled at the morning high near 2780, dropping towards Friday's low around 2750, and then consolidating around the intraday lows for most of the day. Basically, the price action couldn't get out of the danger zone as it remained below 2770-2780 for the EOD close for the daily W-shape pattern.Fast forward to the overnight Globex...Read More
There is an age-old relationship between prices and interest rates that Keynesian economists have called a paradox ("Gibson's Paradox"). The relationship was clearer during the Gold Standard era, but as I explained in a previous post it is still apparent if prices are measured in gold.To understand "Gibson's Paradox" and why it actually isn't a paradox, refer to the earlier post linked above. Su...Read More
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal? Only One Notch Above Being Junk Italian drama continues. On Friday, Moody's, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
- Gold rallied "as stocks retreated" and "market risk became more systemic"- As stock sell-off became systemic globally, gold rose meaningfully - World Gold Council- IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics - WGC Investment Update*Happy 15th Birthday GoldCore*via Gold.orgThe latest IMF Global Financial Stability report (release...Read More
By Avi GilburtI have now been a contributor at Seeking Alpha for seven years, during which time I have written for approximately six years, as I took a one-year hiatus. And, during that time, I have had the honor of penning almost 400 articles.During the six years I have been actively writing on Seeking Alpha, 30,000 of you have trusted me enough to begin following my work, as I just hit the 30,...Read More
Anyone hoping Treasury rates will ease, cutting stock-market bulls some slack, must first reckon with the chart shown (see inset). It implies that a significant rise in yields on the 30-Year Bond is coming, and that they will hit 3.59% before borrowers get any relief. If this occurs as appears likely, 30-year mortgages will be pushing above 5%, causing an already shaky housing sector to implode,...Read More
By Frank HolmesHungary isn't known today as one of the world's top gold producing countries. There was a time, though, when it accounted for around three-quarters of Europe's entire output of the yellow metal, if you can believe it. According to historian Peter Sugar's A History of Hungary, the central European country was a "veritable El Dorado" in the 14th century, and its gold pieces circulat...Read More
By Ira EpsteinGold pulls back a bit but still looks on bullish footing.https://www.iraepstein.com/ Read More