Anyone looking to stack up shares in Canadian miners may have been forgiven for watching the sector pick up speed in recent weeks and wishing they'd got in sooner. The following diversified stock is a true Canadian classic in the metals sector: a base metals mining company with a presence in South and North America, Portugal, and Sweden. It's gained over 5% over the last five days, only to dip alm...Read More
The suspensions come after it could not complete a conditional US$4 million extension to its working capital facility with Fujax Minerals and Energy.Cradle Arc said the working capital facility extension for its 60%-owned subsidiary Leboam, which operates Mowana, had been conditional on the completion of certain documentation and final approval from Fujax's credit committee.All had seemed fine, wi...Read More
Tanami was Australia's fifth-largest gold producer in 2017, delivering 419,000 ounces of gold, just as Newmont completed the US$125 million Tanami Expansion 1 to add 80,000oz per year between 20...Read More
Microcap drillers Cabo Drilling and Energold - both Toronto Venture exchange listed - were among the handful of METS companies to finish with a higher share price than a year earlier.Cabo appears to be turning into an industrial minerals miner in Mongolia under a proposed reverse takeover arrangement with Mongolian businessman Khurlee Ankhbayar's Phoenix Capital Enterprises, though stalwart Cabo c...Read More
The 670 metre adit at the Pinargozu zinc mine in Turkey, Source: Pasinex Resources Ltd.Pasinex Resources Ltd. [PSE-CSE; PNX-FSE] said Friday December 7 that it has retracted a technical report for its Pinargozu zinc mine in Turkey following a review by the British Columbia Securities Commission (BCSC).The company said it has been advised by the BCSC that the December 20, 2017 technical report does...Read More
Diamond Drill Hole 18-SD - 421-545 metres showing chalcopyrite (copper) mineralization from the Stardust Project. Source: Sun Metals Corp.Sun Metals Corp. [SUNM-TSXV] said Friday DEcemver 7 that it is raising $5.16 million by way of a private placement to fund exploration at the Stardust polymetallic project in British Columbia.The company said it has struck a deal with PearTree Securities Inc., w...Read More
Markets around the world extended their losses this morning as trade tensions between the United States and China flare up.Just two weeks ago, the Federal Reserve warned that trade disputes and geopolitical uncertainty could result in a "particularly large" drop in the stock market.In the Fed's first-ever Financial Stability Report, the agency said:An escalation in trade tensions, geopolitical unc...Read More
Leagold Mining (TSX: LMC, OTCQX: LMCNF) is a mid-tier gold producer, with a focus on Latin America. Leagold owns four gold mines and two development projects in Mexico and Brazil. We learned from Meghan Brown, Vice President of Investor Relations at Leagold Mining, that their four mines, in total, produced 93,000 ounces of gold in the third quarter for revenue of $111 million and net income of $15...Read More
Gran Colombia Gold Corp. (TSX: GCM) is currently the largest underground gold and silver producer in Colombia, with several underground mines in operation at its Segovia and Marmato properties. The company's 2018 gold production is expected to surpass 210,000 ounces. We learned from Mike Davies, the CFO of Gran Colombia, that the high grade Segovia operations were recognized as one of the top five...Read More
CloseGain/LossOn WeekGold $1248.40+$10.10+2.19%Silver$14.63+$0.25+3.25%XAU67.94+2.40%+5.40%HUI153.93+2.58%+6.13%GDM560.05+2.34%+5.32%JSE Gold1201.13-0.09+9.31%USD96.60-0.14-0.61%Euro114.10+0.24+0.80%Yen88.80+0.01+0.67%Oil$52.61+$1.12+3.30%10-Year2.856%-0.031-4.86%Bond143.90625+0.34375+2.27%Dow24388.95-2.24%-4.50%Nasdaq6969.25-3.05%-4.93%S&P2633.08-2.33%-4.60% The Metals: ...Read More
By Gary TanashianThe macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was 'on'. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.As I have belabored again and again, the right time is when the inflation view is on the outs, gold is rising vs. stock markets,...Read More
By David Brady, CFAUntil the arrest of Huawei's CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive issues, and certainly not in writing. However, the Chinese followed up the meeting by confirming the 90-day deadline to meet commitments they...Read More
By Jordan Roy-Byrne CMT, MFTA In recent days we've seen the beginnings of an inversion in the yield curve. The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon. We know that an inversion of the yield curve precedes a r...Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous st...Read More
By Marin KatusaI've been a professional speculator in the resource industry for almost two decades now.One year ago, I wrote a cautionary article on the cryptocurrency sector. I got more hate mail in my inbox that week than I had for any other article, "You're a moron", "This is the future" "You're crazy" etc...At the January 2018 VRIC, which is cohosted by Katusa Research and Cambridge House, I...Read More
There are two ways of looking at the intersection of debt and population. One way says that if debt is rising population should also rise to allow future workers to pay for the retirement of today's. More people thus make debt easier to manage. The other point of view is that debt and population soaring simultaneously creates a negative feedback loop that eventually destroys a culture. Today's L...Read More
Trade wars and lax fiscal policy are negative for the US dollar and positive for gold. Myth or fact? We invite you to read our today's article about the effects of Trump's actions on the greenback and find out whether weak dollar will save gold. Let's look at the chart below. As one can see, the greenback has been in a bull market since February 2018. Yup, the chart does not lie. The US Congre...Read More
The Dow Industrials reversed 700 points yesterday, turning a morning disaster into an afternoon wilding spree that has the potential to end the week on a bullish note. The rally was purely technical, beginning as it did a millimeter beneath an important low recorded on November 23 that had served as a 'structural' support. As is the case so much of the time, the downtrend had to penetrate the su...Read More
- As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves- No date given for removal of "commercially sensitive" gold reserves from Bank of England vaults- Bank of England vaults in London believed to hold almost EUR200 million of Irish gold- Ireland's financial system & economy is hugely exposed to a Brexit downturnvia Irish Independen...Read More
Keith Bronstein, commodities guru and president of TradeLink Holdings, LLC, calls in to discuss futures, interest rates and his latest big idea. 2:12 An opportunity in #eurodollar futures?9:50 No-bid futures and modern finance13:25 "Instability isn't considered instability when prices rise"20:01 Assessing the #Fed's next movesJames "Jim" Grant is an American writer and publisher and the founder of...Read More