Bob Moriarty ArchivesMar 16, 2020We have sailed off the map of the known world into totally uncharted waters. No one, including me, knows exactly where we are or where we are headed. Buthic sunt draconesis an excellent warning, here be dragons. If I was still flying and needed to give a brief to my passengers, I’d be saying, “I have some good news and some bad news. First the bad news....Read More
Data out of China for February was "worse than many pessimistic forecasts and interest rate cuts from China and the US only underscored the massive challenge the coronavirus poses for world growth," Marex Spectron's Anna Stablum said from the LME desk (Singapore).The S&P 500 closed down 11.98%, the Nasdaq lost 12.32%, and the S&P/ASX 200 closed down 9.7% yesterday.London's FTSE 100 fe...Read More
Minister Aleksandar Anti?? said the figure would be reached by spending on projects such as the ?OEukaru Peki copper and gold mine (US$500 million), together with Rio Tinto's Jadar lithium mine nearRead More
The company has been conducting a review into Downer Mining, which it said continued to perform well, since August last year.Read More
It follows fellow Toronto-headquartered Kinross Gold closing its head office last week for the same reason. Iamgold said on Saturday its employee had last been in its Toronto office on March 6 and was now in self-quarantine at home, in a stable condition.It said the person had attended two private company events and the Northern Ontario Night at the Steam Whistle Brewery but had not been to P...Read More
We learned from Mike Mutchler, President and CEO of Amarillo Gold Corp. (TSXV: AGC, OTCQB: AGCBF), that they are developing two gold properties in mining-friendly Brazil. The open pit Mara Rosa Project, in the Goias State, has a NI 43-101 compliant resource of 1.1 million ounces of open-pit reserve at 1.4 grams per ton, and is open along a 20 kilometer trend. The Lavras do Sul Project, in the stat...Read More
Today is Monday, March 16, 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 $1,516.10. It's down -0.89% from yesterday and up 16...Read More
Today is Monday, March 16, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Southwestern Energy (NYSE: SWN), Dorian LPG (NYSE: LPG), and Plains All American Pipeline LP (NYSE: PAA).Southwestern Energy (NYSE: SWN)Southwestern Energy (NYSE: SWN) is a $1.028 billion company today with a one-year return of -60.4%. Let's look at its price-to-earnings (P/E) ra...Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Steve St. Angelo, SRSrocco Report The world is heading towards a global depression, but the market hasn't quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will be generally short-lived, suggesting growth will return in the second half of the year. A perfect example is the overly optimistic forecasts of global oil demand by...Read More
Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More
The findings come from Maya Gold & Silver's 2020 exploration program, in progress. In a news release, Maya Gold & Silver Inc. (MYA:TSX.V) reported recent results from the 2020 drill program underway at its Zgounder silver project in Morocco.The Canadian company's drilling focused on the Eastern zone, which has never been explored and which corresponds to a virgin zone of about 200 x 150 meters (2...Read More
Falcon Gold reported that it received an exploration drill permit for 20 drill pad locations at its Ontario project. In a news release, mineral exploration company Falcon Gold Corp. (FG:TSX.V) announced that "it has received an exploration and drill permit to carry out activities on its gold, silver and copper prospects on its central Canada project in Atikokan, Ontario." The firm indicated that...Read More
Shares of Alamos Gold traded 15% higher after the firm reported that it has repurchased a 3% net smelter return royalty on its Island Gold mine located in northern Ontario. Intermediate gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE) today announced that "it has entered into an agreement to acquire and cancel a 3% net smelter return royalty payable on production from the Island Gold mine for t...Read More
Ely Gold Royalties closed a 15% net profit royalty interest on Nevada claims. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that it closed the acquisition of a 15% net profit royalty interest from Liberty Gold Corp.The percentage stake encompasses net profits from the recovery and sale of minerals from specific unpatented mining claims in Nevada's Mineral County. It...Read More
Sector expert Michael Ballanger breaks down the latest market moves and charts a "course of action." As I begin the weekly missive here on Thursday, the U.S. equity markets are experiencing the worst daily assault since that fateful day back in 1987, when the Dow lost 23% in a single trading session, sending thousands of Gucci-clad stockbrokers to the Sears re-fit aisle. Being the incredibly pres...Read More
Below is a monthly chart of HUI telling some stories of the past.The 2003 to 2008 bull rally ended with Huey’s “crown of thorns” as I used to call it back then. An H&S that formed at the end of a great inflationary phase in the markets.The great crash of 2008 (Armageddon ’08) was completely deserved because as I’ve belabored for so many years now, you don’t...Read More
Ron Struthers of Struthers' Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold.Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won't have a recovery in their portfolios for many, many years. Gold is being sold down too at tim...Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Steve St. Angelo, SRSrocco Report The world is heading towards a global depression, but the market hasn't quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will be generally short-lived, suggesting growth will return in the second half of the year. A perfect example is the overly optimistic forecasts of global oil demand by...Read More