Investing is hard. What makes it so difficult is the fact that you need to have a long-term plan and you need to stick with it for the long term. My biggest mistakes happen when I fail to stick to my plan. That’s right. When you decide you are going to invest as a contrarian, you need to put your plan into place with a small percentage of money and stay the course.A hard lessonThe best examp...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Massive Canadian gold mine gets green light - Read moreTeck's Chile expansion delayed by up to six months - Read moreTesla offers "giant contract" to responsible nickel miners - Read morePentagon resumes rare earths funding program - Read moreMap shows global mining "relatively...Read More
I have stressed the fact that you don’t need a lot of cash to start investing. Even a small but regular investment in stocks with high-growth potential can help you build decent capital in the long run. So, if you’re new to the stock market and plan to start investing with smaller dollar amount stocks, consider buying these TSX stocks trading under $20.These companies have strong funda...Read More
Petra's South African operations have been severely hit by the pandemic. (Image of Koffiefontein mine. Courtesy of Petra Diamonds.) South Africa's Petra Diamonds (LON:PDL), which put itself up for sale in June, sold 23% fewer carats for 36% less revenue in the year to June 30, as the coronavirus pandemic wreaked havoc on an already struggling diamond industry.Petra, which has been hit by a tripl...Read More
Investing in a Tax-Free Savings Account (TFSA) ought to be a long-term endeavor. Being able to take advantage of tax-free capital appreciation and dividend growth is not something investors should put aside. Few things are more rewarding than seeing one’s TFSA balance increase it each year.As such, I’ve got three top picks every investor ought to consider in this current environment.Fo...Read More
Piling up gold. Image: Generation Grundeinkommen Gold rose for a fifth straight session on Thursday, reaching another nine-year high and approaching the $1,900/oz level, as rising geopolitical risks and a weakening US dollar continue to increase the metal's safe-haven appeal. Spot gold rose 1.2% to $1,894.70/oz by 11:45 EDT, its highest since September 2011. US gold futures for August delivery ad...Read More
Paying a meaty 8.8% dividend based on a share price of $17.42, Russel Metals (TSX:RUS) is one of the richest-yielding stocks on the TSX. A play for infrastructure, construction, and North American industry as a whole, this stock is more diversified than meets the eye. Here’s why Russel Metals is also a better pick for 2020 than nine out of 10 other high-yielding Canadian dividend stocks.Forg...Read More
Morenci mine, Arizona. Source: Flickr. Shares in US copper giant Freeport McMoRan (NYSE:FCX) declined by as much as 2.3% in New York trading on Thursday after the company released results that disappointed markets despite a swing to profit.The company announced net income attributable to common stock of $53 million, or 3 cents per share, in the second quarter, compared with a loss of $72 million,...Read More
Bob Moriarty ArchivesJul 23, 2020At the point where you start believing you are smarter than the market, it will whip your donkey. Brains are not the same as a bull market. But even in the bullish of bull markets there will be corrections. We are near a correction in the metals.I’ve never understood how the “Experts” insist on confusing just who it is that moves markets. The comm...Read More
Share this articleTeck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut down operations and halt construction at some sites.All mines are now producing, and the company has issued an updated guidance a...Read More
I have a friend who is an adult film star.She's been in the business for about 15 years, doing photo shoots, video shoots, live appearances, and even hosting a radio show on SiriusXM. She's developed a loyal following over the years and has made a decent living. She's also invested a lot of her money - mostly in my stock picks. Most notably, Canopy Growth Corporation (TSX: WEED), which turned h...Read More
Jan Nieuwenhuijs, VOIMAThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June mor...Read More
The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More
By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More
McAlinden Research examines the investment opportunity afforded by copper in the evolving pandemic and post-pandemic economy. The coronavirus has disrupted copper mines and delayed new builds, throttling current and future supply. Meanwhile, demand is bouncing back as the world's biggest consumers of copper reboot their economies. Stimulus packages being unleashed across the world also promise to...Read More
Blackrock Gold will use the gross proceeds to expand the exploration program at one of its Nevada projects. In a news release, Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) announced a nonbrokered private placement that includes an investment by Eric Sprott.The private placement is for 10,416,667 units at CA$0.72 per unit for gross proceeds of about CA$7.5 million. Each unit consists of one com...Read More
HighGold Mining announced that it has upsized its drill program to 15,000 meters and added a 3rd drill rig at its Johnson Tract Gold project in Southcentral Alaska. High Gold Johnson TractIn a news release HighGold Mining Inc. (HIGH:TSX.V; HGGOF:OTCQX) announced that it has "increased the scope and budget for the 2020 exploration program at its flagship Johnson Tract Gold project in Southcentral...Read More
Scottie Resources is finding its past-producing mine to be fertile ground for new discoveries. It was in 1989 that Bradley Rourke first traipsed the wilderness of the Golden Triangle located in the cold, sharp-toothed mountains of British Columbia. In the subsequent 30 years, Rourke built a career as a successful real estate, mineral resource and energy investor. But the wild still calls.In his c...Read More
Lion One Metals is exploring the hypothesis that lodes it uncovered "connect to form a possible feeder structure." Gold veining on hole TUDDH500Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that it encountered significant gold mineralization at its Tuvatu project in Fiji through one of its diamond drill holes.Hole TUDDH500 intercepted the mineralization in a network of...Read More
With gold and silver "climbing to the moon," Bob Moriarty of 321gold discusses four juniors. My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. There are probably...Read More