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
The U.S. Department of Energy recently released a roadmap for rebuilding the country's nuclear energy sector, including commitments to bolster domestic production of uranium, increase its enrichment as a fuel source and expand the export market for nuclear technologies.U.S. Secretary of Energy Dan Brouillette unveiled the strategy on April 23. The report: Strategy to Restore American Nuclear Ener...Read More
(IDEX Online) - India's diamond polishing revenue is set to plunge next year from $24bn in 2019 to as little as $13bn in fiscal 2021, according to the latest forecasts. That's a drop of almost half to the lowest level in a decade. Exports to the US and Europe - over 45 per cent of India's market - fell 41 per cent year-on-year in February as the coronavirus pandemic inte...Read More
(IDEX Online) - De Beers says its total production of rough diamonds across its mines in Botswana, Canada, South Africa and Namibia in the first quarter of this year was in line with expectations. The impact of coronavirus was negligible, as lockdowns only came into effect at the end of March, during the final days of Q1. An on-target total of 7.75 million carats were recovered, according the mine...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe testwork showed gold recovery improved by 7% compared with the November 2019 preliminary economic assessment and showed the ability to produce a 26%-30% copper concentrate with gold and silver."The results … are being used to assess potential refinements to the flowsheet and our operating and capital cost estimates as we...Read More
Metals prices generally seem to be consolidating this morning, Wednesday April 29, and for the most part look well placed to extend gains, but whether underlying confidence is strong enough in these uncertain times remains to be seen. * Asian-Pacific and pre-market major western equity indices are all positive, as are oil prices that are up around 3%.* Market participants likely to focus on US gro...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 44 points in pre-opening trade. Investors are waiting for news from the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund Rate will remain unchanged.Index futures were virtually unchanged following release of first estimate of U.S. first quarter GDP at 8:30 AM EDT. Consensus was a drop of 4.0% versus a gai...Read More
Vale (NYSE: VALE), the world's top producer of nickel and iron ore, has received non-binding offers for its operations on the Pacific island of New Caledonia, it said on a conference call on Wednesday.The Brazilian mining giant said it expected to have "relevant news" on the topic within a month or two.Vale put its New Caledonia nickel assets on the block in December. The decision came after it ha...Read More
Since mid-March, the response of governments worldwide to the COVID-19 pandemic has led to disrupted mining activities across the globe.Thirty-two countries have passed partial or complete lockdown orders, leading to the temporary suspension of activities at over 1,600 mines as of April 3, though that number has since dropped down to 729 as restrictions begin to ease in certain areas, analysts at...Read More
Nicaragua-focused Condor Gold (TSX: COG; LSE: CNR) has been granted an environmental permit for the development and exploitation of the Mestiza gold asset, a complementary open pit to the company's flagship La India gold project, in the country's west.The high-grade Mestiza deposit hosts more than 100,000 contained oz. gold resources and is one of the two satellite pits of the fully permitted La I...Read More
In its first drill program at its wholly-owned Raney gold project, 110 km southwest of Timmins, Ont., Rockridge Resources (TSXV: ROCK; US-OTC: RRRLF) cut 6 metres of 28 grams gold per tonne at 95 metres vertical depth, the project's best hole ever.Raney was last explored about 10 years ago, with a best intercept of 8 metres of 6.5 grams gold. The project's new best intercept, in hole 20-06, repres...Read More
Since Echo was banned in Week 12 of Overwatch League, we at NYXL took it upon ourselves to find who's the best Echo main. Watch as the team battles through Round One of our Echo 1v1 tournament.Follow us:http://instagram.com/nyxlhttp://twitter.com/nyxlhttp://instagram.com/andboxhttp://twitter.com/andbox_officialIf you see this, leave "Libero made me an Echo main" in the comments below. --#Overwatch...Read More
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The United Kingdom is not doing too bad, it's a lovely country at this time. But then, seemingly out of nowhere, some random ginger comes along and takes over as head of state. The people are confused, but they decide to give this young man a shot at leading the great British Empire. What happens next? Well, I think you are gonna have to see that for yourself in this new edition of HOI4 Multiplaye...Read More
Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold prices even higher, this according to Frank Holmes, CEO of U.S. Global Investors. Stocks are going up "because of the trillions and trillions of dollars of money printing from the helicopters of central bankers. The G20 central bankers, the G20 finance ministers, that's a cartel, like...Read More
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