Marigold mine. (Image courtesy of SSR Mining) SSR Mining (NASDAQ, TSX: SSRM) announced Friday it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals (TSX: SIL) to purchase - on a private placement basis - 1.82 million common shares of SilverCrest at a price of C$7.28 per share for total consideration of C$13.2 million.In conjunction with the p...Read More
Sierra Metals' Piedras Verdes mill, which processes ore from its Bolivar copper-silver-gold mine in Chihuahua, Mexico. Credit: Sierra Metals. Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has updated the resource for its Bolivar underground mine in Chihuahua state, Mexico based on 13,698 metres of infill drilling and 41,553 metres of exploration drilling between November 2017 and September 2019.Boliva...Read More
The Castle mine. Photo by Canada Cobalt Works Canada Cobalt Works (TSXV: CCW) announced the discovery of unexpected high-grade gold in addition to more high-grade cobalt, silver and nickel at its Castle mine in Ontario, Canada.In a press release, the company said the unanticipated finding was made following initial assay results from multi-directional and very short underground drill holes on the...Read More
Bob Moriarty ArchivesJan 3, 2020We have a young new year; gold and silver are having their usual post Christmas boost as the end of year artificial selling stops. Investors should look forward to a number of companies releasing interesting and perhaps even exciting news in the next couple of weeks.I wrote extensively aboutan interesting Wits analog deposit in Brazila couple of years ago owned by T...Read More
The debate over climate change has turned eyes to the sky.According to the U.S. Department of Energy, air travel is responsible for 2% to 3% of total domestic carbon emissions in America. They say U.S. air travel consumes about 3.5 quadrillion BTUs of jet fuel, which produces 175 million metric tons of CO2 per year.To put that into perspective, the EPA says a typical passenger vehicle emits about...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
With sufficient funds in place, the Vancouver-based company intends to start exploring the property this year. Dixie Gold Inc. (DG:TSX.V; YWRLF:OTCMKTS) acquired the Red Lake gold project in Ontario, it announced in a news release. The cost equaled that of claim staking fees paid to the Ontario government. Dixie Gold assumed the existing 2% royalty on the claims.The Red Lake project spans 52,507...Read More
The year ahead promises to be an eventful one. It will, ofcourse, be dominated by political headlines leading up to the 2020 election. Itcould also be a big breakout year for precious metals. In the second part of Money Metals' 2020 Outlook, we’ll drilldown on the fundamental and technical setup for gold and silver…However, in this first part, we’ll set the stage by digging int...Read More
The Gold rally we predicted to happen inlate 2018 took place, almost perfectly, based on our ADL predictive modelingsystems results. This rally took placein May through September 2019 and pushed Gold up to levels near $1600. Therest of the year, Gold consolidated near $1500 as a strong US Stock Marketrally took hold in Q4 of 2019. Ouroriginal prediction was that Gold would r...Read More
Although oil bullsmanaged to push the futures higher and broke above the upper border of therising green trend channel during yesterday’s session, Monday’s upswing turnedout only temporary. Earlier today, crudeoil futures opened the day with the bearish pink gap, invalidating yesterday’s breakout above the channel. This bearishdevelopment triggered further deterioration in the f...Read More
The King is dead, long live the King - 2019 is over,long live the 2020! As tumultuous as they have been, what have we learned aboutthe gold market in the past twelve months? And what can we glean from this knowledgefor the times ahead?Key LessonsFor Gold Investors from 2019Today is the last day of2019. It was a good year for the gold bulls, as one can clearly see in thechart below. The price of th...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
U.S. equity index futures were lower this morning following news that a U.S. airstrike killed an Iranian general and a top Iraqi commander. S&P 500 futures were down 36 points to 3,222.75.Iran warned retaliation for the U.S. airstrike. Commodity markets responded. WTI Crude Oil jumped $2.27 to $63.45 per barrel. Energy stocks are expected to open higher. . Gold jumped $36.00 to $1,548.30 per o...Read More
Dear Reader,Yesterday we snuck into the future… and smuggled out a worrisome vision:The S&P will end the decade 50-60% lower than where it began the decade.Our snooping revealed that "mean reversion" will run down the elusive stock market at last.That is, the long arm of statistical law will finally collar its man.Yet as we wondered yesterday: Can a "trade of the decade" lock in your wea...Read More