The Amulsar gold project is located in the mountainous south of Armenia. The area is home to several endangered animal species. (Image courtesy of Lydian International) Lydian International made further progress in the proposed restart of its controversial Amulsar gold project this week, as the Administrative Court of Armenia has ruled in favor of the company and invalidated eight out of ten fin...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of the year...Read More
Forrest bought 22.1 million shares on market between last Friday and yesterday. FMG shares peaked at $12.Read More
"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron ore down to $70/t," it said.Read More
Share this articleVANCOUVER - February 28- GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) has announced it is preparing and planning to submit an application for Phase 2 diamond drilling at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling is planned for 2020 at the Jaclyn Zone, specifically the Jaclyn Main Zone (JMZ) and along projected strike east of the...Read More
Share this articleOTTAWA - A human-rights lawsuit against a Canadian mining company can be heard in British Columbia, even though it involves events in Africa, the Supreme Court of Canada says.The high court ruled Friday against B.C.-based Nevsun Resources (TSX:NSU), which had argued the claim should not proceed because a Canadian court could not decide the legality of acts by foreign sta...Read More
Today is Friday, February 28, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,585.85. It's down -3.60% from yesterday and up...Read More
AbraPlata (TSX-V: ABRA) is focused on the Diablillos silver-gold property, located in the mining friendly province of Salta, Argentina, that holds 140 million silver-equivalent ounces or 1.7 million gold-equivalent ounces in indicated resource, with significant expansion potential. This is a very large advanced-stage project, with a robust initial open pit PEA, completed in 2018, and an ongoing dr...Read More
Today is Friday, February 28, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of DMC Global (NASDAQ: BOOM), Canadian Natural Resources (NYSE: CNQ), and Ovintiv (NYSE: OVV).DMC Global (NASDAQ: BOOM)DMC Global (NASDAQ: BOOM) is a $531.16 million company today with a one-year return of -25.07%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-v...Read More
Every major media and financial outlet has been blaming this week's market sell-off on growing coronavirus fears.Too bad that's mostly BS.Let's take a look at some headlines from Monday:"Dow Industrials Close 1000 Points Lower as Coronavirus Cases Mount" - Wall Street Journal"U.S. Stocks Plunge as Coronavirus Crisis Spreads" - The New York Times"Coronavirus Is Cratering the Stock Market. Why It Ca...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of...Read More
By: Gary Savage I have to laugh at two things:Perma-bears are calling for the end of the bull market. But it is not the end, not yet!Other people are trying to take credit for the crash.The Fed prevented the market from correcting in December and now look..https://blog.smartmoneytrackerpremium.com/ Read More
David HaggithThat didn't take long. Just a month ago, I wrote, "Stock Market More Overpriced and Perilous Than Anytime in History," stating that the market was poised for a big fall because "some of the market's most fundamental valuation metrics are now printing at levels never seen before.... This market is tripping on some pricy hallucinogens."[Note: I've added an end-of-day update to this ar...Read More
By: Ira EpsteinCovid19 is causing panic, but do not panic! Gold, you would think, would be up more, but it is not. $1626.6 is key to short-term to watch as a support zone, but if it goes below then what?Read More
Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
The findings will help Nexus Gold's geologists identify targets for future drilling. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) reported in a news release early results of samples taken from its recently acquired Manzour-Dayere gold exploration consession in Burkina Faso. Available results are for 12 samples taken from an active artisanal zone in the 19,053-hectare concession's northeast corner. T...Read More
The Canadian explorer, Galway Metals, hits one of its best intercepts in the company's history. In a news release, Galway Metals Ltd. (GWM:TSX.V) reported results from three highlight holes drilled at its Clarence Stream project in southwest New Brunswick. "Galway's strong drill results demonstrate that Clarence Stream is an emerging new gold district in North America," President and CEO Robert H...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of...Read More