O3 owns 435,000 hectares of ground in Qu?(C)bec, including 61,000 hectares in Val d'Or. (Image by Tobie Charette, Wikimedia Commons) O3 Mining (TSXV:OIII) announced Thursday it has expanded its current drill program in Val d'Or, Qu?(C)bec, by 200%, which include the Malartic, Alpha and East Cadillac properties.So far, the company has drilled approximately 26,000 metres as part of a 50,000-metre p...Read More
Bob Moriarty ArchivesJun 4, 2020Gold bullion is having a moment right now. The metal is trading at $1,740 an ounce, seeking to crack its 52-week high of $1,765. The next stop is its all-time high of $1,921, set in September 2011.With global central banks and finance ministers printing trillions of dollars out of thin air, investors are buying gold as a hedge against inevitable inflation and negati...Read More
Flows in the region are historically more correlated with gold's price behaviour and while much of the March volatility has receded, many of the same price drivers remain in place, including new ones such as questions over how the lower, or negative, rate environment, coupled with a quick uptick in inflation expectations, augurs for gold.Also impacting demand is the continued social and economic u...Read More
The Environmental Protection Authority recommended the project for approval late last year, but an appeal was lodged.Read More
It wasn't easy to write today's article.It hasn't been easy to do much of anything lately, to be honest.Mornings are now spent sifting through the news of violence and intolerance.Afternoons are spent trying to pull me out of a state of depression and frustration long enough to get in a workout. And at night, after dinner, I take long walks, smoke a little weed, and try to forget about all the sh...Read More
Daniel R. Amerman While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine the relative performance of gold and stocks (as represented by the S&P 500) between early February and late May, as the coronavirus pandemic and the resul...Read More
RambusFrom the March 23rd low in the PM complex we've enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the...Read More
By: Ira EpsteinGold still not in a new trend short-term, higher high and lower low. If sell-off continues, the 100 DMA is near $1,655:Read More
Daniel R. Amerman While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine the relative performance of gold and stocks (as represented by the S&P 500) between early February and late May, as the coronavirus pandemic and the resul...Read More
RambusFrom the March 23rd low in the PM complex we've enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the...Read More
By: Ira EpsteinGold still not in a new trend short-term, higher high and lower low. If sell-off continues, the 100 DMA is near $1,655:Read More
Hong Kong emerging as important trade center with some post-coronavirus demand from China. US market mostly shut. New York and other regional centers closed due to Covid-19. Riots and looting are keeping jewelry stores closed following tragic death of George Floyd. India slowly reopening with Surat operating at 70% but Mumbai in lockdown except for limited staff handling exports. Rough markets at...Read More
RAPAPORT... BlueRock Diamonds has reached record production at its Kareevlei mine in South Africa, after resuming operations last month.Output since May 11, when the deposit reopened following a Covid-19 lockdown, totaled 41,500 tonnes of ore, averaging 2,000 tonnes a day, the company said Wednesday. The new daily average is 65% higher than the previous record, which it achieved in the fourth...Read More
RAPAPORT... The LVMH board met on Tuesday to discuss its takeover of Tiffany & Co., fueling rumors that the $16.2 billion deal was less certain than before Covid-19.The panel of directors "focused its attention on the development of the pandemic and its potential impact on the results and perspectives of Tiffany & Co. with respect to the agreement that links the two groups," LVMH said...Read More
RAPAPORT... Many US jewelers are coping with stolen property and the destruction of their premises following major looting sprees amid protests over the death of George Floyd."It was like a war zone," said Mark Clodius, owner of Clodius & Co. Jewelers in Rockford, Illinois, whose store was hit. "This has nothing to do with the protest. It was entirely for ill-gotten gain." Clodius, who ha...Read More
(IDEX Online) - British miner BlueRock reports record output since it re-opened Kareevlei, in South Africa, after COVID-19 restrictions were eased.Production has been averaging almost 2,000 tons a day since 11 May 2020, up almost two-thirds on Q4 of 2019.Modifications to its ore-processing equipment have increased production at minimal cost and reduced operating costs at Kareevlei where five...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesBuoyant iron ore prices have been driven by strong Chinese demand and weak Brazilian shipments. Copper prices have also risen, but remain below pre-pandemic levels at just over US$5,500/tonne.Read More
The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger. * While Asian-Pacific equities were firmer, pre-market major western equity index futures were showing losses.* Germany provides its economy with a €130 billion ($145.8 billion) stimulus package, including a 3 percentage point cut in value-added tax (VAT) and a doubling of rebat...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade.The European Central Bank maintained current interest rates after releasing its monetary statement.Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for First Quarter Non-farm Productivity was a drop of 2.7% versus a gain of 1.2% in the fourth quarter...Read More
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) is bolstering its defences against a takeover by fundraising to raise a minimum of ?16 million (US$20 million) as top miners try to take advantage of the global economic downturn caused by the coronavirus pandemic.The move follows a royalty financing agreement with streaming company Franco Nevada (TSX: FNV; NYSE: FNV), inked in May. The deal gu...Read More