Weekly Reports |Apr 29 2020The virus has curbed uranium production, but also utility demand. Prices continue to rise ahead of an expected return of utility demand.-Utilities focused on safety management-Supply curtailments continue to underpin uranium prices-Trump's Working Group Report finally publishedBy Greg PeelWhile nuclear power generation is deemed an essential service at this time, allowin...Read More
FYI |Apr 29 2020-The below is a company sponsored announcement-In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023.In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a...Read More
The St Louis, Missouri-based Fortune 500 company, with operations across the main US coal basins and Australia, experienced severe margin compression during the period, resulting in weak results across the board.Consolidated revenues fell 32% year-on-year to $846.2 million, from $1.25 billion in the comparable quarter last year, reflecting the impact of lower volumes, mainly owing to the closure o...Read More
More than 70 of the companies in the latest Global METS Investment Report top-100 METS companies listing are publicly traded, or part of public-listed entities.Read More
It had recently appointed drilling executive Ronald Goguen as president, CEO and director, effective March 1, as it accepted the immediate resignation of Karl Boltz.Read More
These COVID-19 days that have turned into weeks have now officially turned into months as we approach the end of April.Push aside all of the fiery rhetoric being flung from both sides of the political spectrum, and if there's truly one takeaway here, it's how woefully unprepared we were for this kind of crisis.It also showed us how badly we rely on the international community for even the basic we...Read More
By Hubert Moolman 29 April 2020 It is reasonably well known that many Roman emperors debased their currency (coinage). This was a very bad practice, since it is really a reflection of the debasement of the value of the kingdom (empire or country); going from a honest and just society to a corrupt and unjust society. One of the reasons (effects) of debasing the currency was the transfer of wea...Read More
Things appeared normal, and then everything changed...By: Gary Christenson, The Deviant InvestorU.S. COVID-19 official cases on March 7: 338.U.S. COVID-19 official cases on April 28: over 1,000,000, if you believe the Johns Hopkins numbers. Exponential growth in sickness, debt, and expenditures are "killers."The economic, emotional, and physical scars from the virus will torture us for a long ti...Read More
Craig Hemke, TF MetalsIn the annual forecast that we issued back in January, we wrote that "out-sized gains" would likely be coming for the mining shares in 2020. Well...so far, so good.Let's start as we often do, with a look back at some of the previous posts on this topic. First, here's a link to an interview on the TD Ameritrade Network that was recorded on December 18, 2019. Below that is a...Read More
Dave Kranzler, Mining Stock JournalAnd this could usher in the "suddenly" moment: "The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally." - Reuters, April 28, 2020Chris Marcus of Arcadia Economics and I discuss the potential of a Comex...Read More
Ira EpsteinGold's daily chart shows a pattern of an inside consolidation defined by the short-term swing lines..Read More
I expect some more additional stimulus measures today. Federal Reserve will copy its counter parts of bank of Japan and bank of England on additional stimulus measures. European central bank meeting tomorrow will have least impact on gold and silver. It can impact Euro versus the US dollar and Euro versus the Yen. In the month of May more and more nations will allow factories and businesses to f...Read More
Money manager Adrian Day reviews a exploration company that he rates a "strong buy." Lara Exploration Ltd. (LRA:TSX.V, 0.54) is a diversified prospect generator, mostly with copper and copper-gold projects in Brazil and Peru. It aims to generate royalties from properties it generators, whether by staking or in some cases acquiring. Its main assets include a 30% free-carried interest, plus royalty...Read More
Maurice Jackson of Proven and Probable discusses the latest news from Millrock Resources with the company's CEO. Maurice Jackson: Today we will provide an update on Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB), as we will discuss their initial assay results on the Aurora targets located in the prolific Tintina gold province in Alaska. Joining us for our conversation is Gregory Beischer, the C...Read More
The metals complex showed relative stability this week asthe oil market suffered a historic meltdown. West Texas Intermediate Crudecrashed 70% at one point this week on the continuous contract, bringing pricesbriefly below $7 per barrel. By Thursday, prices were trading between $14 and$18 per barrel.The volatility on the May futures contract was even moreextreme. On Monday, May futures for crude o...Read More
It is reasonably well known that many Romanemperors debased their currency (coinage). This was a very bad practice, sinceit is really a reflection of the debasement of the value of the kingdom (empireor country); going from a honest and just society to a corrupt and unjustsociety.One of the reasons (effects) of debasing thecurrency was the transfer of wealth from the citizens to the ruling class....Read More
The gold miners’ stockssurged to a major bull-market breakout this week! Powering decisively above their years-oldsecular resistance is a hugely-important technical event. It proves this gold-stock bull is alive andwell, greatly improves sentiment, and puts this high-flying sector on countlessmore traders’ radars. New bull highs fuelself-feeding bullish psychology, as...Read More
This week Treasury Secretary Steven Mnuchin called out "mismanaged" states, suggesting that the federal government should not be responsible for bailing out states that had poorly managed budgets before the coronavirus pandemic brought business activity to a halt, triggering a deep recession.Mnuchin's comments echoed those of Senate Majority Leader Mitch McConnell, who earlier said that he w...Read More
By Hubert Moolman 29 April 2020 It is reasonably well known that many Roman emperors debased their currency (coinage). This was a very bad practice, since it is really a reflection of the debasement of the value of the kingdom (empire or country); going from a honest and just society to a corrupt and unjust society. One of the reasons (effects) of debasing the currency was the transfer of wea...Read More
Things appeared normal, and then everything changed...By: Gary Christenson, The Deviant InvestorU.S. COVID-19 official cases on March 7: 338.U.S. COVID-19 official cases on April 28: over 1,000,000, if you believe the Johns Hopkins numbers. Exponential growth in sickness, debt, and expenditures are "killers."The economic, emotional, and physical scars from the virus will torture us for a long ti...Read More