Daniel Litvin, founder, Critical Resource and ERM Group CEO Keryn James. Image from Critical Resource. London-based Critical Resource and global sustainability consulting firm Environmental Resources Management ERM, have joined up in a deal that is a significant development in terms of the market for ESG and sustainability consulting services. In late February, ERM acquired Critical Resourc...Read More
Artist's rendering of an expanded LNG plant at Tilbury Island. | FortisBC. FortisBC is still putting the finishing touches on a $400 million expansion of its Tilbury Island LNG plant in British Columbia, but is already pushing ahead with a second phase expansion.When complete, the $3 billion expansion would mean the Tilbury Island plant would produce more LNG than the Woodfibre LNG plant in Squam...Read More
"The issue price and size of the offering will be determined by considering investment intentions expressed by institutional investors during the book-building process," Aura said, adding its shares would continue to trade on the TSX.It plans to use the proceeds to fund operating assets, for exploration and development and to reinforce its capital structure.Aura has the San Andres gold mine in Hon...Read More
The 88th edition of the global event saw registrations by 23,144 people, compared with 25,843 last year, and a record 30,369 attendees back in 2012.Several notable exhibitors took the last minute decision to cancel their attendance, such as McEwen Mining, which said: "Just as our company holds high safety standards, the well-being of our investors and mining colleagues remains a priority."Several...Read More
Have we averted an oil crisis?All this week, it's been nothing but dead cats and learning how to shake hands with your feet.Some see the doom-and-gloom ahead for the markets as the number of cases in China swells to nearly 100,000, with more than 3,200 succumbing to the virus.Look, we can talk all day about faux fracking bans and the latest pipeline protests, but when it comes to oil, no other cat...Read More
Keith Weiner, Monetary MetalsMost people assume that the central bank prints money when it buys bonds. They further assume that this increase in the quantity of money causes an increase in the general price level. And, this leads them to assume that the value of the money is 1 / P (P is the general price level). Therefore, when the central bank prints money to buy bonds, it is diluting th...Read More
By: David HaggithThe Federal Reserve on Tuesday gave the market a double-dose of exactly what it thought the market needed, and the market just about died! On the theory that, if a little is good, more is better, the Fed gave a double cut of interest. It did not go as planned.At first, the medicine hit like nitroglycerin tablets, and the patient's heart leaped. You can see how instantly the pati...Read More
Oops, the coronavirus expanded into a bubble of illness and deaths. Like all bubbles, financial or otherwise, this one will expand, burst, collapse and cause collateral damage. When will the "everything" bubble collapse? When will the coronavirus be contained? How much damage will these bubbles inflict upon the economy, people and personal savings? We don't know. Stay tuned.BUBBLES IN THE PAST...Read More
Avi GilburtEarly Tuesday morning, I put out an update to our members that noted that the 3135 region as the top of our resistance region, which can point us lower once struck.Now, we all know that the "surprise" rate cut by the Fed should have been viewed as a positive to the market. In fact, most expected the Fed to act soon, and were certain how this would send the market soaring again.Howeve...Read More
In the latest update to the Rick's Picks home page, I've revised an interest rate forecast for the 30-year bond to better sit down for this 0.73%. This is an implied recession/depression away from the current 1.60%, so you may want to jot the new number down. I got a wake-up call on this from my friend Doug Behnfield, whose name will be familiar to anyone who has followed Rick's Picks for...Read More
Steve St. Angelo, SRSrocco Report The Fed injected a record amount of liquidity this morning via its Repo Market Operation to supply dealers in the interbank market. While investors may be reassured by the huge 1293 point rally on the Dow yesterday, the global contagion and its impact are just beginning. Don't be surprised to see a 40-50% correction in the Dow Jones over the next month. I'...Read More
By: Ira EpsteinFed hasn't done anything like this since 2008. The 50 basis point cut was 100% priced in this month by the market. So the Fed used some of its bullets and now..Read More
Reduction in interest rate differential (after the Federal reserve interest rate cut of 0.50%) has resulted in US dollar index falling and gold/silver prices rising. Copper and crude oil are firm on hopes that negative economic impact will be short lived. All monetary measures will be useless in the very short term by central banks if the corona virus infects more and more people worldwide. Last...Read More
The results should expand the resource and extend the mine life of the project co-owned by MAG Silver. JuanicipioIn a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) announced results from its 2019 diamond drill program at the Juanicipio property in Mexico.MAG owns 44% of Juanicipio, and Fresnillo, the operator, owns 56%.The 28-hole, 33,864-meter (33,864m) program expanded and upgraded the w...Read More
Balmoral Resources is to be acquired in an all-stock transaction with an equity value of about CA$110 million. Balmoral Resources Ltd. (BAR:TSX; BALMF:OTCQX) agreed to be acquired by Wallbridge Mining Co. Ltd. (WM:TSX) in an all-stock transaction, the two companies announced in a news release.In the deal, Wallbridge will acquire all of Balmoral's issued and outstanding shares. Each Balmoral share...Read More
This is the final part of my Gold price analysis that concludes in a detailed trend forecast for 2020 that was first made available to Patrons who support my work. Gold Price Trend Forecast 2020 Gold Price Trend Forecasts 2019 ReviewSEASONAL ANALYSISQE4EVERUS DOLLARLONG-TERM TREND ANALYSIS Gold / SIlver RatioTrend Analysis ELLIOT WAVESGold Price Trend Forecast 2020 Conclusion Formu...Read More
Keith Weiner, Monetary MetalsMost people assume that the central bank prints money when it buys bonds. They further assume that this increase in the quantity of money causes an increase in the general price level. And, this leads them to assume that the value of the money is 1 / P (P is the general price level). Therefore, when the central bank prints money to buy bonds, it is diluting th...Read More
By: David HaggithThe Federal Reserve on Tuesday gave the market a double-dose of exactly what it thought the market needed, and the market just about died! On the theory that, if a little is good, more is better, the Fed gave a double cut of interest. It did not go as planned.At first, the medicine hit like nitroglycerin tablets, and the patient's heart leaped. You can see how instantly the pati...Read More
Oops, the coronavirus expanded into a bubble of illness and deaths. Like all bubbles, financial or otherwise, this one will expand, burst, collapse and cause collateral damage. When will the "everything" bubble collapse? When will the coronavirus be contained? How much damage will these bubbles inflict upon the economy, people and personal savings? We don't know. Stay tuned.BUBBLES IN THE PAST...Read More
Avi GilburtEarly Tuesday morning, I put out an update to our members that noted that the 3135 region as the top of our resistance region, which can point us lower once struck.Now, we all know that the "surprise" rate cut by the Fed should have been viewed as a positive to the market. In fact, most expected the Fed to act soon, and were certain how this would send the market soaring again.Howeve...Read More