Earlier this month, the Mining Court of Salta granted Millennial Lithium's (TSX-V: ML) / (OTCQX: MLNLF) Argentine subsidiary four mining licenses on its 100%-owned Pastos Grandes project in Salta province. Readers may recall that Millennial recently delivered a Bank Feasibility Study ("BFS") and expects to reach initial production in 2022 (subject to funding & permits), ramping up to nameplate...Read More
Gold has started off 2020 on a positive note and continues to look well placed ahead.Rising geopolitical tensions could push investors towards traditional safe havens. However, the U.S. has reached a partial trade deal with China, a complete resolution to the trade dispute could take more time. Also, how Iran-U.S. tensions pan out remains to be seen. U.S. presidential elections this November will...Read More
Left to right: Moderator and AME CEO Kendra Johnston, Peter Robb, Assistant Deputy Minister, Ministry of Energy, Mines & Petroleum Resources, Kristina Howe, VP, Investor Relations, Ascot Resources and Corinne McKay, Secretary-Treasurer, Nisga'a Nation. Photo: Amanda Stutt. AME, the lead association for the mineral exploration and development industry in resource - rich British Columbia (BC), host...Read More
Most of the stock market is extremely expensive today. While there may be some upside, it seems to me that massive global debt loads and inflated asset prices put the odds in favour of a sharp downturn in stock prices. We never know when tough times are going to hit global markets, but the one thing we do know from past experience is that when things go bad, they go bad in a hurry.One way to prote...Read More
In 2019, gold charted its best year in 10 years. Also, the precious commodity ranked as one of the best investments in 2019. Bonds and stocks in emerging markets were outperformed. Also, the World Gold Council remains bullish this year.Besides its high price, owning gold bars is difficult. Hence, the next best alternative for retail investors to have exposure to gold is through gold stocks.On the...Read More
Processing facilities at Kerr Mines' Copperstone gold project in Arizona. Credit: Kerr Mines. The US Bureau of Land Management (BLM) has formally approved Kerr Mines' (TSX: KER) plan for the Copperstone gold project in Arizona.Following Kerr's application in June 2018, the BLM conducted an environmental assessment on the Copperstone project as required by National Environmental Policy Act. This p...Read More
What do lower oil and natural gas prices, Brexit, and coronavirus have in common? They all have the potential to put a serious crimp in your stock portfolio this year.A wildcard such as a rapidly spreading virus is exactly the kind of black swan that investors already eyeing mounting doubt in the markets doesn’t need right now.The coronavirus is already impacting markets, and if the disease...Read More
If you’re wary of putting money to work with as the markets flirt with all-time highs, consider looking to the 52-week-low list for potential value stocks.Be careful, though, as the real bargains are likely surrounded by cigar butts, value traps, and perennial underperformers that could continue to drag.In this piece, we’ll look at two stocks at 52-week lows that I believe are a great...Read More
The global stock markets are making the hair on the back of my neck stand up on end. Day after day, markets go up. Good news or bad, markets go up. Every day we are hitting all-time highs. Up and away it goes, and where it will stop, nobody knows.It is not the fact that global markets are going up that is worrisome. A rising global market with increasing stock prices is, after all, the very reason...Read More
Maricunga is less than 5% of the size of the vast lithium-rich Salar de Atacama in northern Chile. (Image courtesy of Sergejf |Flickr.)Chile's state-owned Codelco, the world's no.1 copper producer, filed with regulators on Friday a request for environmental permits to start exploring for lithium at the Maricunga salt flat, the country's second largest in terms of reserves.The sought licences woul...Read More
Newmont staff in Ghana. (Image courtesy of Newmont Goldcorp). Newmont Goldcorp (NYSE: NEM) (TSX: NGT), the world's No. 1 gold miner, announced this week that it earned a 'B' in CDP's (formerly known as the Carbon Disclosure Project) climate change assessment. In a press release, the miner said that the designation recognizes its strong climate governance and financial planning in response to clim...Read More
Earlier this month, the Mining Court of Salta granted Millennial Lithium's (TSX-V: ML) / (OTCQX: MLNLF) Argentine subsidiary four mining licenses on its 100%-owned Pastos Grandes project in Salta province. Readers may recall that Millennial recently delivered a Bank Feasibility Study ("BFS") and expects to reach initial production in 2022 (subject to funding & permits), ramping up to nameplate...Read More
Steel inventories in China, the world's top producer, finished last year at historically low levels as demand remained robust in the fourth quarter while production tapered, setting iron ore up for aRead More
Share this articleTORONTO - Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country.The Toronto-based gold miner signed the deal with United Republic of Tanzania President John Pombe Magufuli that will give the government "full visibility of and participation in opera...Read More
Today is Friday, January 24, 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 $1,573.55. It's up 0.66% from yesterday and up 22....Read More
Today is Friday, January 24, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Helix Energy Solutions Group (NYSE: HLX), Crestwood Equity Partners LP (NYSE: CEQP), and Tellurian (NASDAQ: TELL).Helix Energy Solutions Group (NYSE: HLX)Helix Energy Solutions Group (NYSE: HLX) is a $1.277 billion company today with a one-year return of 28.63%. Let's look at its...Read More
The U.S. Energy Information Administration (EIA) says the American energy market will continue thriving over the next 48 months.In the agency's recently released Short-Term Energy Outlook, the EIA concludes the United States will remain a net exporter of crude oil and other petroleum products through at least 2021. Secretary of Energy Dan Brouillette said in a statement:From being a net exporter o...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 374,79357,098141,474212,445564,348728,712762,920 Change from Prior Reporting Period -2,016-4764,355-8,913-6,829-6,574-2,950 Traders 23370845859326186 Small Speculators LongShortOpen Interest 65,11730,909793,829 3,520-104-3,054 non reportable positionsChan...Read More
- Gary TanashianI most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart showing the Gold/Silver Ratio (GSR) and the S&P 500 (SPX), as it works better in providing a percentage-based relationship between an indicator of market liquidity and inflation when declining and lack of liquid...Read More
The gold miners' stocks have spent the past half-year mired in a high consolidation. They haven't been able to break out, but aren't breaking down either. This technical purgatory is working to slowly bleed off overboughtness and rebalance sentiment. This necessary process to eradicate greed from the last upleg peak is never exciting. But today's low gold-miner valuations reveal great...Read More