"In light of the rapid spread of COVID-19 and its significant impact on global financial markets, Tranche 2 of AFC's equity funding (Tranche 2) will be deferred to allow for the stabilisation of market and global conditions," said Danakali.Danakali has already received an initial US$21.5 million tranche from AFC, which it said leaves the company "well-funded to complete current planned activities...Read More
The company has told the New York Stock Exchange that it is monitoring the situation closely and supply chain teams have been executing business continuity plans.Those plans include being alert to potential short supply situations, and, if necessary, using alternative sources and/or air freight; redirecting orders to other distribution centres, and prioritising the redistribution of the most impac...Read More
Today is Tuesday, March 31, 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 $1,592.75. It's down -1.88% from yesterday and up 2...Read More
Today is Tuesday, March 31, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Falcon Minerals Corporation (NASDAQ: FLMN), Brigham Minerals (NYSE: MNRL), and Diamond S Shipping (NYSE: DSSI).Falcon Minerals Corporation (NASDAQ: FLMN)Falcon Minerals Corporation (NASDAQ: FLMN) is a $182.24 million company today with a one-year return of -76.47%. Let's look at...Read More
J.P. Morgan about to bash a photographer with his caneLegend has it that in the Panic of 1907, with the world crashing about him, J.P. Morgan strode into NYSE, stood on a table, and with an hour to go until close, bellowed, "Buy!" thus saving his bank, all banks, Wall Street, and the U.S. harvest. This event, in turn, led to the creation of the Federal Reserve in 1913.This pithy anecdote is only r...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalI truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its "pledged gold" category which enabled technically insolvent banks like HSBC and JP Morgan - the only two Comex banks to have taken advantage of this new gold derivative product - to use paper gold to satisfy the performance...Read More
Gary TanashianThe simple answer is that is what they are doing, inflating.The slightly less simple answer is that they inflated in 2001 and it worked (for gold, silver, commodities and eventually stocks, roughly in that order). It also worked in 2008-2009 (for gold, silver, commodities and eventually stocks, roughly in that order).The more complicated answer is that we are down a rabbit hole of...Read More
Extraordinary times call for extraordinary measures, as they say, and the past number of days have been nothing if not total confirmation of that adage. As of Monday morning, the number of confirmed coronavirus cases in the U.S. stood at more than 143,000, with New York City appearing to have become the new global epicenter of the pandemic. Hospitals in the hardest-hit areas of the countr...Read More
Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More
Gary Savage Perma-bears are going to wrong. This is why:Read More
Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More
Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More
Peter Epstein of Epstein Research and Falcon Gold CEO Karim Rayani review prospects from the company's holdings in Ontario. Few investments are working these days. Oil, blue-chip stocks, cotton, lumber major mining companies. . .all have been decimated in the past six weeks. Teck Resources Ltd. (TCK:TSX; TCK:NYSE) is down 73% from its 52-week high. Copper is 27% lower than it was a year ago. Yet...Read More
Maurice Jackson of Proven and Probable discusses the future of DNI Metals with the company's executive chairman. Maurice Jackson: Today we will share a graphite development company set for production. Joining us for a conversation is Dan Weir, the executive chairman of DNI Metals Inc. (DNI:CSE; DMNKF:OTC). Mr. Weir, welcome to the show, sir. Delighted to have you back to provide us with a number...Read More
All key equipment needed to proceed is at the site of MAG Silver and JV partner Fresnillo's project. JuanicipioMAG Silver Corp. (MAG:TSX; MAG:NYSE A) provided in a news release an update on and recapped 2019 progress at its Juanicipio joint venture project with Fresnillo Plc (FRES:LSE) in Mexico."Construction and exploration drilling continue at the Juanicipio Project. We are fortunate that all t...Read More
Ely Gold Royalties has completed the purchase agreement and lease assignments for eight mining claims at the producing Gold Bar Mine located in Eureka County, Nevada. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) reported that it has closed the purchase agreement and lease assignments that the company previously announced in February 2020 through its wholly owned subsidiary,...Read More
Seabridge Gold will start work on the project with a review of historical data. In a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it agreed to acquire Golden Predator's 3 Aces orogenic gold project in the Yukon. The company has termed the project a "high-grade, near surface gold opportunity in an mining-friendly jurisdiction."For the project, Seabridge will pay Golden Predat...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalI truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its "pledged gold" category which enabled technically insolvent banks like HSBC and JP Morgan - the only two Comex banks to have taken advantage of this new gold derivative product - to use paper gold to satisfy the performance...Read More
Gary TanashianThe simple answer is that is what they are doing, inflating.The slightly less simple answer is that they inflated in 2001 and it worked (for gold, silver, commodities and eventually stocks, roughly in that order). It also worked in 2008-2009 (for gold, silver, commodities and eventually stocks, roughly in that order).The more complicated answer is that we are down a rabbit hole of...Read More
Extraordinary times call for extraordinary measures, as they say, and the past number of days have been nothing if not total confirmation of that adage. As of Monday morning, the number of confirmed coronavirus cases in the U.S. stood at more than 143,000, with New York City appearing to have become the new global epicenter of the pandemic. Hospitals in the hardest-hit areas of the countr...Read More