When it comes to the tangible assets vs. stocks debate, the first asset class that most people think of is real estate. But after the real estate-induced recession of 2009, and the fact that most people were expecting the local housing market bubble to burst anyway, pandemic or not, it’s clear where investors are going to hedge their portfolio: gold.Gold and silver are on the rise. Silver&rs...Read More
Is the market heading for another crash? If the recent short sale report by the Investment Industry Regulatory Organization of Canada (IIROC) is any indication, it might be just around the corner. The IIROC produces a bi-monthly report that lists the shares short and the net change in number of shares short for all Canadian exchanges. Rising short sales is a sign of growing bearish sentiment....Read More
Economists, billionaires, and hedge fund managers are painting a gloomy picture, despite the current stock market rally. There’s a mystery happening, because stocks should be tanking in an economic downturn. Somehow, the market behaviour is defying logic.Don’t think you’re the only person noticing the odd situation. Robert Shiller, Mark Cuban, and Leon Cooperman are puzzled as yo...Read More
Simandou holds over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe which attracts premium pricing). (Image courtesy of Rio Tinto Simandou) Rio Tinto is in discussions with the UK's Serious Fraud Office (SFO) about a possible deal under which the miner would avoid prosecution on bribery allegations over dealings for the giant Simandou iron mine...Read More
Apart from tech stocks, gold miners have notably outperformed Canadian broader markets this year. Higher gold prices have boosted gold miner TSX stocks by more than 50% so far in 2020.Barrick Gold (TSX:ABX)(NYSE:GOLD), the second-biggest gold miner globally, has been on a solid uptrend recently and has soared approximately 70% this year. It hit an eight-year high on July 27 and closed at $40.Barri...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km to the south, which lie within the company's wholly-owned, 899-sq.-km Indin Lake gold property in Canada's Northwest Territories, about 200 km north of Ye...Read More
1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That's a significant round number, and the gold pric...Read More
Pure Gold's Red Lake mine site. Image from Pure Gold Mining. Pure Gold Mining's 30,000-metre program at the PureGold Red Lake mine in northwestern Ontario has returned high-grade results from underground, which extend near-term stopes and suggest new zones of gold mineralization.The company's latest release includes the assays for nine holes; drill highlights include 10 metres of 12.8 g/t gold,...Read More
Spanish Mountain core shack. Image from Spanish Mountain. Spanish Mountain Gold is aiming to release a pre-feasibility study (PFS) for its flagship, wholly-owned Spanish Mountain project in the province's Cariboo region in the first quarter of 2021.After closing a C$5-million non-brokered private placement with Eric Sprott in late July, the company is now looking to complete a field program this...Read More
Nexa's Aripuan?? will be the largest mine in the state of Mato Grosso. (Image courtesy of Nexa Resources.) Global technology company ABB is partnering with Nexa Resources, one of the world's top zinc producers, to provide state-of-the-art industrial automation systems at Nexa's existing and planned operations. The first step will include modernizing the company's existing mining and smelting p...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 28, 2020 Gold has arrived at significant resistance in the $1900-$2000 zone.Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market. Pleaseclick here now. Double-click to enlarge this December futures gold chart. In 2011, a ke...Read More
Despite beating average consensus forecasts for an adjusted loss per share of US34c and revenue of $219 million, the respective figures at -37c and $255.Read More
The JV company Minova Runaya Pvt Ltd (MRPL) is building a manufacturing plant at Bhilwara in Rajasthan to produce rock bolts, resin capsules, injection chemicals, wire mesh and ventilation products for the domestic and potentially offshore markets from early next year. The plant was said to have capacity to initially generate about US$60 million of products a year.India's mining industry has been...Read More
"Not surprisingly in this environment, we have been receiving daily inquiries from companies across the industry and world, from the West as well as China, and from streaming companies and various bank and non-bank lenders, inquiring about investing in these great projects," executive co-chairman Robert Friedland said.Ivanhoe said "a number of mining companies" had expressed interest in advancing...Read More
Share this articleCALGARY - Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in t...Read More
Share this articleMajor Positive Possibilities for Mining IndustryRENO, Nevada, July 28 2020 - Itronics Inc. (OTC:ITRO), an emerging "Cleantech Materials" growth Company that produces GOLD'n GRO Multi-Nutrient Fertilizers and Silver, updates its proprietary Rock Kleen Silver/Gold Tailings Processing Technology development which was described in detail in a press release dated April 2, 2020.Itronic...Read More
Gold and silver are running. Overnight gold hit $1,974 an ounce, and silver hit a high of $26.27 an ounce. Silver hit a low of $11.76 on March 15 before going on an epic 123% run over the next four months. This morning the precious metal duo has pulled back to $1,922 and $23.75, respectively.Here are five reasons to buy the dip: Yesterday, the U.S. Mint said it has reduced gold and silver coin s...Read More
The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.As you may have noticed, people just aren't making transactions with coinage like they used to. That's especially the case now in the age of the coronavirus. With many people sheltering-in-place, bil...Read More
Dear Friend of GATA and Gold:Thanks to Stephen Gandel at CBS News' Moneywatch bureau for inadvertently illustrating today the greatest power of governments and central banks in the financial markets.Gandel's commentary is headlined: "Gold Prices Hit All-Time High, and It's a Bit of a Mystery Why."Gandel writes: "Gold is usually seen as a safe haven when stocks are falling or when inflation is ri...Read More
Stewart Thomson, Graceland Updates1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That...Read More