Bob Moriarty of 321 Gold comments on a company that has claims on land in the North Nevada Rift, the same formation as the Hollister Mine, which Hecla just acquired from Klondex Mines for $462 million. Gold companies often work for years and spend millions of dollars before hitting the jackpot. Today I'm going to talk about a company that did a deal on a project and hit the jackpot right out of t...Read More
By Clint SiegnerGold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.Many projects with marginal ore deposits...Read More
Just when you thought it was over, Trump is winning. The wall is going to be built. China just came to the table with trade concessions. North Korea appears to be malleable and will perhaps give up their nukes. Dodd Frank has been rolled back! Trump is prevailing on so many fronts that his opponents don't even know where to turn. If this is what losing is all about, then let's keep it going.John R...Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time.In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up by...Read More
Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is now up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.Sp...Read More
By Dave KranzlerIt feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hamme...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
If the latest COT report for silver getsany more bullish than the one released on March 23rd, commercialtraders will have to go ‘net long!’ Asit is, they reduced their ‘net short’ position to the lowest number in manyyears, down to just 4,000 contracts – barely 2% of the total openinterest! This is bullish action! Asrecently as January 16...Read More
Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States adopted a wait-and-see attitude toward the market in the week ended Monday March 26, trying to avoid price declines, sources told Metal Bulletin."Prices are coming down and the market [for CIS-origin flat steel] seems to be frozen," a trader said.Metal Bulletin's weekly price assessment for CI...Read More
By Daniel R. Amerman, CFAMovies can have quite predictable plot lines that we know in advance - but we love them anyway. It could be a romance, where the girl is going to end up with the right guy through a series of improbable events, even though that looks impossible to begin with. It could be an action movie, where our tough and underestimated hero overcomes seemingly impossible odds to just...Read More
Three weeks ago we called for stocks to revisit the February lows. At that time we were told we were "complete idiots" who were going to miss out on the next major Bull Run.Instead this happened:I don't know about you, but that sure looks like a revisit of the February lows to me.So where does this leave us now?Stocks are probably about to begin a massive bull run. Not because fundamentally things...Read More
In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes-as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.I forecast then that we could see another "Fed rally" this year following the rate hi...Read More
Goldsoared by the end of the week. Miners didn’t – the HUI didn’t even move abovethe previous March highs. Silver’s performance was rather mixed, but closer tothe one of miners than the one of gold. Why did gold rally? Why didn’t minersrally? How can the silver CoT numbers help in this case? Let’sstart with the first question. Why did gold rally in the final par...Read More
China's stainless flat steel exports experienced a sharp year on year increase in February, although they dropped month on month.China exported 243,205 tonnes of stainless flat steel products, up 46,767 tonnes or 23.81% from 196,438 tonnes a year earlier, according to Chinese customs data released on Monday March 26. Last month's volume, however, is down 42,095 tonnes or 14.75% from January's 285,...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
CloseGain/LossGold $1352.90+$7.20Silver$16.69+$0.16XAU82.50+1.22%HUI178.97+1.19%GDM626.21+1.46%JSE Gold1129.86-1.40USD89.05-0.40Euro124.54+0.98Yen95.00-0.70Oil$65.55-$0.3310-Year2.846%+0.034T-Bond144.5625-0.15625Dow24202.60+2.84%Nasdaq7220.54+3.26%S&P2658.55+2.72% The Metals: Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into th...Read More
Three weeks ago we called for stocks to revisit the February lows. At that time we were told we were "complete idiots" who were going to miss out on the next major Bull Run.Instead this happened:I don't know about you, but that sure looks like a revisit of the February lows to me.So where does this leave us now?Stocks are probably about to begin a massive bull run. Not because fundamentally things...Read More
Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011:The United States of America depends on imported supplies for most of its industrial metals, minerals, and materials demand.I spoke and wrote extensively about the US of A's dearth of domestic production and...Read More
2018-03-26 07:24 ET - News ReleaseSee News Release (C-DVT) Divestco IncMr. Stephen Popadynetz of Divestco reportsDIVESTCO AND BIRD RIVER RESOURCES ANNOUNCE COGENERATION JOINT VENTURE TO GENERATE LOW-COST ELECTRICITYDivestco Inc. and Bird River Resources Inc. have set up a cogeneration joint venture which will convert natural gas to electricity via a boiler-turbine at an industry low cost of 1.4 ce...Read More