By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
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Bob Moriarty ArchivesMay 4, 2020I like to read. I read fast and that helps. I can’t quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be noise, meaningless crap...Read More
Bluestone had announced the bought-deal offering at $1.75 per share last month and said on Friday the over-allotment option was exercised in full.Read More
With the Chinese company to have less than a 10% stake and no board seat, AVZ won't have to get Foreign Investment Review Board permission for the deal. Yibin Tianyi will pay 4.Read More
Today is Monday, May 4, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Pembina Pipeline Corporation (NYSE: PBA), Montage Resources Corporation (NYSE: MR), and Earthstone Energy (NYSE: ESTE).Pembina Pipeline Corporation (NYSE: PBA)Pembina Pipeline Corporation (NYSE: PBA) is a $12.73 billion company today with a one-year return of -38.05%. Let's look at...Read More
The coronavirus epidemic has created fertile ground for scams.And it's already costing Americans tens of millions of dollars.A March memo from the U.S. Department of Justice reads:As you know. we have seen an unfortunate array of criminal activity related to the ongoing COVID~19 pandemic. Capitalizing on this crisis to reap illicit profits or otherwise preying on Americans is reprehensible and wil...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 4, 2020 "COVID-19. A pandemic or a surveillance and banker's dream? Anthony T. Hincks, aka Anthony Hawes, author, An Author of Life, Volume 1, and many more "Who benefits from all the money that is b...Read More
StrengthsThe best performing metal this week was platinum, off slightly by 0.32 percent, with investors increasing their bullish platinum outlook to the highest in three weeks. Retail investors can't get enough of gold coins. Consumers typically pay a little more for gold coins than the per-ounce prices quoted on financial markets in London and New York. That premium has surged to $135, more tha...Read More
By Keith Weiner The price of gold dropped $29 and the price of silver dropped $0.27. We'll get back to where we think the prices are likely to go in a bit. In recent Reports, we've looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis. As an aside, we continue to see articles that get the high gold b...Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More
Great Bear Resources finished drilling one-third of the planned holes for the LP Fault at its project in Ontario. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release the latest results from the LP Fault at its Dixie project in the Red Lake District of Ontario."As we approach the one-year anniversary of the discovery of the LP Fault and our 100th drill hole into this tar...Read More
Technical analyst Clive Maund charts the markets and discusses what he believes is ahead for stocks, the dollar and commodities. Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stock market, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings, etc., all the charts we are going to look at here point...Read More
Sector expert Michael Ballanger reflects on how Rodney Dangerfield's famous one-liner applies to today's gold market. Rodney Dangerfield Wikimedia CommonsIn March 1967, for most of the adult population in North America, the most popular comedians were almost all television series personalities, such as Carol Burnett, Buddy Ebsen and Dick Van Dyke. These stars were the softcore comics enjoyed by...Read More
Pretium Resources' flagship mine continues to generate free cash flow. Pretium's Brucejack MinePretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release its Q1/20 results.With operations unaffected by COVID-19, according to the company, Pretium produced 82,888 ounces of gold at its Brucejack mine at an all-in sustaining cost (AISC) of $996 per ounce of gold sold. The number of tons m...Read More
Lion One Metals plans to have three rigs at work there during the dry season. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced that three diamond drill rigs are being mobilized for the planned 2020 dry season exploration program at its Tuvatu gold project on Fiji. The aim of the upcoming drill program is to further confirm presence of a large-scale alkaline gold system w...Read More
Megastar Development agrees to extend the due date of the final payment until year-end 2020. In a news release, Megastar Development Corp. (MDV:TSX.V; MSTXF:OTC; M5QN:FSE) announced it amended its 2017 agreement that affords DeepRock Minerals the option to purchase a 50% interest in Megastar's Ralleau zinc-copper-silver property in Quebec's Abitibi Greenstone Belt.The companies made two changes t...Read More
Newrange Gold is preparing to restart operations as soon as COVID-19 restrictions are eased. In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) provided an update on operations at its Pamlico project in Nevada and its North Birch Project in Ontario, both of which continue to be affected by COVID-19 mandates.With the prospect of those restrictions being lessened in the near future, the...Read More
10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as h...Read More