Source: Osisko Mining Inc.Osisko Mining Inc. [OSK-TSX; OBNNF-OTC] was an active trader Tuesday May 15 after the company released the first mineral resource estimate for its Windfall Gold deposit located between Val-d'Or and Chibougamau in the Abitibi region of Quebec. The shares eased 20% or $0.54 to $2.16 in early afternoon trading Tuesday on volume of 3.2 million shares. The 52-week range is $5....Read More
Lumina Gold's diamond drill core facility. Source: Lumina Gold Corp.Lumina Gold Corp. [LUM-TSXV; ODMEF-OTC] has released an updated mineral resource estimate for its Condor Project in the Zamora-Chinchipe province, southeast Ecuador.Lumina Gold is a Vancouver-based precious and base metals exploration and development company focused on gold and copper projects in Ecuador.Its Cangrejos gold-copper...Read More
OPEC: Oil Demand RisingOil is priced at $70.05 for WTI, Brent is selling for $78, and Basra Light is going for $74.46. Iran Light is selling for $75.01 in Poland, and natural gas is at $2.883.It's interesting that, despite all the noise, Iranian oil is still selling at a premium...We Called ItJudging by the many new oil bulls popping up in media these days, you'd think that everyone would be readi...Read More
Turkish steel producers broke their silence in the deep-sea scrap markets with the purchase of a UK cargo on Tuesday May 15.A steel mill in the Marmara region booked the cargo, comprising 44,000 tonnes of HMS 1&2 (80:20) at $345 per tonne and 22,000 tonnes of shredded at $366 per tonne cfr.Shredded scrap usually trades at a $5 per tonne premium over HMS 1&2 (80:20), but the supplier said that the...Read More
A strange thing happens when you don’t trust the government. You take responsibility for your actions, instead of shirking your duty and handing off the burden to the collective.I’ve long suspected this. People assume the government will actually do what it says it will. If you think your tax dollars will feed the hungry, house the homeless, and provide for the poor, why bother donatin...Read More
Vancouver, British Columbia - May 15, 2018 (Investorideas.com Newswire) Resources for Future Generations (#RFG2018) will bring International, Canadian and Indigenous peoples to Vancouver for a collaborative and exciting conference dedicated to the availability of resources. The conference will be held on June 16-21, 2018 at the Vancouver Convention Center. RFG2018 will examine three critical resou...Read More
Shill AlarmOne well-known commentator this week opined about the US health care industry: "...the system is designed the churn and burn... to push people through the clinics as quickly as possible.The standard of care now is to prescribe some medication (usually antibiotics) and send people on their way without taking the time to conduct a comprehensive examination." From the annals of modern he...Read More
Vancouver, British Columbia - May 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver") reported today that drill crews have mobilized to the Area of the Cerro project to complete final preparations in advance of the arrival of the drill. The work is part of Southern Silver's $3 million 2018 exploration program on Cerro Las Minitas...Read More
Toronto, Ontario - May 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce initial deep auger soil sample results from its newly identified Caribe prospect in the Golden Triangle region of northeastern Nicaragua.The Caribe prospect forms a part of the Company's 50-50 Strategic-Alliance agreement (see...Read More
CloseGain/LossGold $1292.50-$21.00Silver$16.28-$0.24XAU81.77-2.04%HUI177.97-2.18%GDM623.33-2.21%JSE Gold1041.21-25.23USD93.24+0.62Euro118.46-0.92Yen90.78-0.50Oil$71.31+$0.3510-Year3.072%+0.079T-Bond141.28125-1.46875Dow24706.41-0.78%Nasdaq7351.63-0.81%S&P2711.45-0.68% The Metals: Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into th...Read More
Viewer Submitted Questions:Question 1. Awake 1 percent: If a person holds no debt, no mortgage, no car loan, student loan or credit card debt of any kind.......would you think they will be largely protected during and after the reset?Question 2. Eric V: Is there a difference in between investing in silver Peace Dollars and silver American Eagles? And would Peace Dollars be as liquid as silver Amer...Read More
Erik Townsend and Patrick Ceresna welcome Charles Gave to MacroVoices. Erik and Charles discuss the corporate yield curve and what it is telling us about the equity market. They then delve into the Hong Kong dollar peg and perspective on China's debt and related risks. They further discuss the risk parity trade with bonds and stocks selling off simultaneously and the return of secular inflation. T...Read More
Once seen as remote, British Columbia's Golden Triangle has opened up dramatically, with two mines now in production, three new hydro-power facilities, a link to the provincial power grid, and roads throughout the region. Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the changing mining landscape there and profiles a number of companies exploring that highly prospecti...Read More
The new and tighter regulatory environment has left bullion banks in a state of transformation, leaving exchanges to seize the new opportunities. Speaking at the Hong Kong Exchanges & Clearing (HKEX) precious metals seminar during LME Week Asia on Tuesday May 15, managing director of Scotiabank Sunil Kashyap highlighted the challenges bullion banks face following over-the-counter (OTC) regulations...Read More
By Craig HemkeAs we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average. Over the last two weeks, we've attempted to summarize the risk of this event through weekly columns that are distributed here by Sprott Money. If you haven't been following along, you should be s...Read More
Precious metals are selling off today. Gold is dipping below $1300. But Craig Hemke from TFMetalsReport says the metals markets are about to rally. He sees a similar setup to 2010, before silver skyrocketed to nearly $50 and gold to over $1900.As the world moves away from the Dollar, this will significantly decrease the demand for the Dollar and U.S. debt. Hemke says America is not prepared for th...Read More
An Edison Research report explained the crossroads this Australian multicommodity firm is at and reviewed its most recent quarter's financials. Alkane Tomingley Gold ProjectIn a May 4 research note, Analyst Tom Hayes with Edison reported that Alkane Resources Ltd. (ALK:ASX; ANLKY:OTCQX) saw "marked improvement" at its Tomingley gold operation in the most recent quarter, Q3 FY18. The company gener...Read More
Sakthi Trading Group has entered a public-private partnership with the government of South Kivu in the Democratic Republic of Congo (DRC) to establish mining service centers for conflict-free sourcing of gold.The goal is eco-friendly and responsible sourcing of gold, Sakthi Trading chief executive officer Hariharan Sundarajan said at the HKEX precious metals seminar here on Tuesday May 15.Sakthi T...Read More
By Dave KranzlerThe stock market has gone 74 days without making a new high but that hasn't stopped the bulls from boasting about how it is up or flat six days in a row. I still say to sell into strength - David Rosenberg, Gluskin-SheffThe narrative that the economy continues to improve is a myth, if not intentional mendacious propaganda. The economy can't possibly improve with the average house...Read More