South African state power utility Eskom was forced to implement stage 6 load shedding for the first time ever on Monday December 9 amid a severe lack of generating capacity.Eskom implements load shedding - controlled power blackouts - to reduce pressure on the country's power grid when power is severely constrained.Eskom had previously outlined plans for stage 5 and 6 load shedding but, prior to M...Read More
Reversing a recent re-commitment to its New Caledonian operations, Brazilian miner Vale told investors it would "exit VNC (Vale New Caledonia)", but some analysts wonder if or how Vale will extricate itself from the long-troubled South Pacific island venture.Vale did not specify at its annual investor briefing how it would exit the nickel and cobalt mine. "By the first half of 2020, we will tell y...Read More
Mogale Alloys has issued a Section 189 notice - a South African legal requirement representing an intention to retrench staff - amid low chrome ore and ferro-chrome prices. Ilitha Mining, another subsidiary of Afarak, has also issued a Section 189 notice, the company said. Helsinki and London-listed mining and metallurgical group Afarak said on Monday December 9 it has been forced to scale down op...Read More
Vancouver-based, Solaris Resources Inc., announced the appointment of former star research analyst, Daniel Earle, as President and CEO on November 7, 2019. The company is reportedly advancing a portfolio of exploration projects in the Americas.Mr. Earle has more than 17 years of experience in the mining industry and capital markets, but rose to prominence as a Bay Street analyst known for making p...Read More
Vancouver-based, Solaris Resources Inc., announced the appointment of former star research analyst, Daniel Earle, as President and CEO on November 7, 2019. The company is reportedly advancing a portfolio of exploration projects in the Americas.Mr. Earle has more than 17 years of experience in the mining industry and capital markets, but rose to prominence as a Bay Street analyst known for making p...Read More
Save Canadian Mining...Restore the uptickrequirement If someone wanted to destroy the Canadian junior mining industry, that person couldn't do a better job than is currently being done by banks, brokers, traders and regulatory agencies. Permitting stocks to be shorted on downticks (as a stock is moving down in price) is outrageou...Read More
Key market indices closed higher around the globe yesterday and most futures were looking up at the time of writing.News out of Indonesia boosted copper and nickel prices in London, Marex Spectron said, referring to reports the country's copper concentrate output was below target and it would double royalties on sales of nickel ore to 10%.Copper closed almost 1% higher while nickel rose 3.4%...Read More
The JORC resource for Koroua Island is 52.7 million tonnes at 13.3% heavy minerals, which includes over 1Mt of iron minerals, largely magnetite, plus there are traces of gold and rare earth minerals that require further investigation. The total resource for Sigatoka is now over 184Mt across Koroua Island, Sigatoka River and Kulukulu. The Kulukulu foreshore appears to be more concen...Read More
The company has added more than 1,100 new staff over the past two years and has outgrown its Applecross office. Its new facility in Subiaco is currently being fit out.Read More
Stewart Thomson, Graceland Updates 1. Can gold take out the 2019 highs and carry the miners on a mighty bull run that will stun all the naysayers? 2. Well, please click here now. Goldman analysts think it will happen!3. Some gold bugs view the big banks as "banksters". I like to differentiate between the bank algo traders that operate on the COMEX and the fundamental ana...Read More
COLORADO SPRINGS, Dec. 11, 2019-- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the expansion of its Mirador Mine with fifteen (15) exploration drill hole results from its 2019 Alta Gracia projects drill program located at its Oaxaca Mining Unit, Mexico. Highlights include 3.72 meters grading 1.44 grams per tonne (g/t) gold and 990 g/t silver, including 1.00 m...Read More
By: Daniel R. Amerman, CFAAs can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government.Total deficit spending, the extent to which monies spent by the federal government exceeded taxes co...Read More
Stefan Gleason, Money MetalsGold-linked exchange-traded products are growing in popularity with investors. Assets held by gold ETFs have grown 38% globally in 2019.In October, according to the World Gold Council, gold ETFs attracted $1.9 billion in net inflows to reach a new record high total gold holding of 2,900 tonnes - at least on paper.There is good reason to be skeptical of whether all the...Read More
- Craig Hemke, TF MetalsThough we're still three weeks away from flipping the calendar, let's begin to look forward to 2020 and attempt to decipher whether or not the precious metals can build upon their 2019 gains.For precious metals enthusiasts, this time of year is always difficult. Often, holdings in mining shares get beaten backward due to tax loss selling. Mainstream "analysts" and inves...Read More
By: Ira EpsteinImpeachment in the news. US/Chinese trade deal still unknown. Gold weekly chart has gone flat. Gold needs to hold above $1,450 area..Read More
Everything will depend on trade deal and impeachment news of Trump. UK election result will have only a temporary effect. Traders will start taking positions for early January from next week. Forget your bullish or bearish biases for any investment and be ready to make some good profit. The next four days for the investment world will be similar to playing a T20 cricket match. I was a bit disapp...Read More
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More
*This interview was recorded on 10/10/19Rick Rule, president and CEO of Sprott U.S. Holdings Inc., shares how the worldwide explosion of negative yielding debt shapes his bullish outlook on gold. He examines the impact that a "war on savers" has on the global financial system and on precious metals, and he shares his ideas on where inflation fits into the equation. Rule explains his outlook for th...Read More
Jeffrey Gundlach gives his predictions for the Fed's rate decision, the state of the world economy, what he means when he says investors should be playing defense, the 2020 presidential candidates and how he sees the 2020 election playing out, the U.S.-China trade deal and his thoughts on the negotiations so far, predictions for the next recession, and the Fed sending inflation higher and the im...Read More
In this speech, given in Brussels to the Ludwig von Mises Institute Europe on 18 November, Alasdair Macleod, Goldmoney's Head of Research, explains how the expansion of bank credit evolved following the 1844 Bank Charter Act in English law. Alasdair explains why bank credit expansion always leads to a crisis, and why the cycle of boom and bust has been repeated ever since.Special emphasis is given...Read More