Independent financial analyst Matt Badiali discusses what the Fed chairman's comments mean to precious metals. My grandfather is rolling over in his grave right now.He was a proud American. Born on the fourth of July to an Italian immigrant family. He spent most of his life in the U.S. Air Force. He rescued downed airmen in England, went to Eniwetok Atoll for the nuclear bomb tests, and even spen...Read More
Bob Moriarty of 321gold discusses corrections in the precious metals market and profiles an explorer that's about to start a drill campaign. If you read the writing of the vast majority of those talking about the resource sector there is one word you rarely chance across. You can hear all about manipulation just as if nothing else in the financial world is manipulated. Everything it seems is some...Read More
I want to try to answer a subscriber’s question as clearly as I can because it really does seem to be more confusing than it actually is. It’s always made sense to me but I understand there is a promotion machine out there selling viewpoints and in the gold sector especially, it is often wrong-headed, lazy analysis using tired assumptions.“I do have a couple of questions that rel...Read More
We've got 100% PAIN for the big shorts!by Bix Weir of Road to RootaWe got a "half-&-half" result for the last day of Aug COMEX Silver but 100% PAIN for the big shorts! Since the shorts don't have the metal they had to close out over 74M oz of shorts yesterday with losses over $350M and STILL will need to deliver over 70M oz in physical silver in September!Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMTV's senior lenders, shareholders and unsecured creditors participated in finding a solution creating a path towards profitability and sustainability.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening tradeU.S. equity indices were virtually unchanged following release of economic news at 8:30 AM. Consensus for July Personal Income was an ease of 0.2% versus a decline of 1.1% in June. Actual was a gain of 0.4% Consensus for July Personal Spending was an increase of 1.5% versus an increase of...Read More
For over a century, the mines of Silver Valley in the Coeur d'Alene Mountains in northern Idaho have been a source of tremendous mineral wealth.From the mid-1880s, those mines have yielded almost 10 million tonnes of zinc, lead and silver.The region's most famous mine, Bunker Hill, was first discovered in 1885 by Noah Kellogg. (In 1894, the nearby Milo prospecting camp was renamed in his honour, e...Read More
Canada's Barrick Gold (TSX: ABX; NYSE: GOLD) said it would challenge the Papua New Guinea (PNG) government's reported move to grant a 20-year lease for the Porgera gold mine to a state-backed firm.The world's second-largest gold producer and its Chinese partner, Zijin Mining, are embroiled in a dispute with Prime Minister James Marape, who in April rejected their application for a lease exte...Read More
OceanaGold (TSX, ASX: OGC) said that the outlook at its Haile gold mine in South Carolina is "uncertain" after 18 staff members tested positive for Covid-19 since June.According to the company, approximately 220 workers have been required to self-isolate for a two-week period at some point since the beginning of March."This has had an impact on material movement, which is key to accessing some of...Read More
Lithium Americas (TSX, NYSE: LAC) has completed its previously arranged transaction with partner Ganfeng Lithium on the ownership structure on the Cauchar?--Olaroz lithium project under development in Jujuy, Argentina.As part of the agreement, Ganfeng has subscribed for new shares of Minera Exar SA, the joint venture company that holds the Cauchari-Olaroz project, for cash consideration of US$16 m...Read More
Canada will have its first rare earth processing plant in operation by the end of 2022, as the province of Saskatchewan has committed $31 million to build a new facility to provide a domestic supply of the key ingredients for military weapons, electric vehicles and smartphones.The process of turning rare earth elements (REE) ore into individual products is done in two main stages. The first is the...Read More
Aug 30, 2020 Guest(s): David Barse Founder & CEO, XOUT Capital Investors have 'nowhere to go but equties' as risks for the stock markets are skewed to the upside, David Barse, founder and CEO of XOUT Capital, who noted that investors should be careful to stay away from value traps. Barse's investment strategy with the XOUT index is to eliminate the worst performing large-cap stocks that have a "...Read More
OceanaGold has now forecast Haile's 2020 production to be in the range of 135,000-175,000oz at a site all-in sustaining cost of between $1100-1400/oz, with the wide output range a functionRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUpdated production guidance resulted in a forecast output reduction of 885,000 tonnes to 11.8 million tonnes, down from 12.7Mt prior to COVID-19, according to the analysis of 15 copper producers.Read More
Aug 31, 2020 Guest(s): Kenneth Berry CEO, Northern Vertex Mining Corp. Gold prices holding above critical support above $1,900 an ounce have breathed new life into the mining sector and investor sentiment has come a long way in the last two years, according to one mining executive. On the sidelines of the Mines and Money Online Connect virtual mining conference, Ken Berry, CEO of Northern Vertex...Read More
Aug 31, 2020 Guest(s): Peter Marrone Executive Chairman, Yamana Gold Although gold equities have seen a substantial rally this year, with the VanEck Vectors Gold Miners ETF (GDX), up 45% year to date, the sector as a whole is still undervalued, according to Peter Marrone, executive chairman of Yamana Gold. "I think that this is the time to be invested in equities, more than the time to be invest...Read More
MTV's senior lenders, shareholders and unsecured creditors participated in finding a solution creating a path towards profitability and sustainability.Read More
I've heard plenty of people say that 2020 is a year to remember - but for many more, it's going to be a year to forget...The COVID-19 pandemic has already cost us thousands of lives, millions of jobs, and added trillions to our national debt. In a heated election year, politicians from every side are scrambling to figure out how to repair the damage that the virus has done to the United States.We'...Read More
I want to try to answer a subscriber’s question as clearly as I can because it really does seem to be more confusing than it actually is. It’s always made sense to me but I understand there is a promotion machine out there selling viewpoints and in the gold sector especially, it is often wrong-headed, lazy analysis using tired assumptions.“I do have a couple of questions that rel...Read More
Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.Read full newsRead More