The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, and at the 2008 lows I was emphatic that the US...Read More
The deadline for making final RRSP contributions for the 2019 tax year is March 2, 2020.With just over a month to go, Canadian investors are pulling together their paperwork and deciding how much money they can add to their retirement fund.The RRSP first came into existence in 1957 and has evolved over the years to become an important part of the retirement-planning process for most Canadians. Int...Read More
Markets are scared for the first time in about a year because of the virus outbreak, and it seems that they might be in for a bit of a fall in the near term. Of course, there is no way to know what will happen, but it would be a good idea to have an idea in mind of what to buy if markets start to fall and which sectors to avoid for the time being.Avoid buying expensive utilities I love utilit...Read More
Drilling at Windfall. Image: Osisko Mining Osisko Mining has released results from the completed Discovery 1 diamond drill hole, the longest diamond drill hole drilled to date in Canada. This hole reached a length of 3,467 metres and targeted down-plunge extensions of the gold zones at Windfall as well as the projected source of the deposit at depth.The most recent intersections of note from thi...Read More
As a global mining centre of excellence, Vancouver annually draws more than 6,000 industry professionals to the AME's annual Roundup conference. Image: Nelson Bennett. Given the importance of US institutional and retail investor capital for the province's mining industry, it's always instructive to hear what American investors like Rick Rule, president of Sprott US Holdings, think about the provi...Read More
Analysts were already bullish on a gold run in 2020, but the events of the last few weeks have nudged gold prices to plus-six-year heights. Not even a month into the new year, the uncertainty roiling the markets is hitting an unusual level, sending investors scrambling for textbook “safe haven” assets such as precious metals. Silver is also surging with gold, though the gold-silver rat...Read More
Development stage miner Lundin Gold (TSX:LUG), which was among my top picks for 2019, delivered a stunning 67% during the year outperforming the broader market, as illustrated by the S&P/TSX Composite Index gaining a modest 19%.I have been bullish on Lundin Gold since 2017, and there are signs that the miner, which is on the cusp of commissioning the Fruta del Norte mine and commencing commerc...Read More
Is Wheaton Precious Metals Corp (TSX:WPM)(NYSE:WPM) worthy of an investment? That’s the pressing question on the minds of investors at the moment. While there are obvious advantages to investing in precious metal streamers like Wheaton, there are also factors weighing against an investment.Let’s make a case for both views.The case for investingAs a precious metals streamer, Wheaton off...Read More
A month into the new decade, it is time to start anew and take another look at the stock market and your investment portfolio. It certainly looks like there are a lot of shares on sale lately since the announcement of last year’s U.S. Federal Reserve tax cuts and various geopolitical factors.2019 was a fantastic year for the TSX Index. It climbed to all-time highs, but also saw plenty of vol...Read More
Pricey weddings as gold hits record highs in local currency in 2019. Stock image. Global gold demand in the second half of 2019 showed robust growth, largely on the back of investor appetite for physically-backed exchange traded funds, according to a Refinitiv GFMS report released on Wednesday.However, jewellery, coin and and bar demand dropped around the world, Refinitiv reported. Retail invest...Read More
Image from archives. A new report by global consultancy McKinsey & Co. looks at three key questions the mining sector needs to address in light of climate change. Entitled Climate risk and decarbonization: What every mining CEO needs to know, the report details the potential physical risk to mining assets, outlines how a low-carbon economy will shift demand for minerals, and looks at how mining c...Read More
The Proyecto Touro project in Galicia, Spain. Credit: Atalaya Mining Plc Atalaya Mining (TSX: AYM) announced Wednesday that the regional government of Galicia, Spain, has turned down the company's Proyecto Touro environmental impact statement (EIS), citing concern over the mine's impact on the Ulla river and related protected ecosystems.As noted by a press release issued by the Galicia government...Read More
The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, and at the 2008 lows I was emphatic that the US...Read More
The move will result in a fourth quarter 2019 pretax charge of about US$530 million, mainly for asset write-offs and including severance charges.Read More
Buying Pit N Portal will open surface equipment hire-focused Emeco up to the underground mining market and to being a mining contractor in its own right.Read More
The regional government in Galicia said its decision was based on two reports which raise concerns the project would cause environmental damage to the Ulla river downstream.Read More
Today is Wednesday, January 29, 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 $1,570.60. It's up 0.22% from yesterday and up...Read More
Today is Wednesday, January 29, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Ovintiv (NYSE: OVV), Holly Energy Partners LP (NYSE: HEP), and Baytex Energy Corporation (NYSE: BTE).Ovintiv (NYSE: OVV)Ovintiv (NYSE: OVV) is a $4.245 billion company today with a one-year return of -74.12%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-va...Read More
Three years ago, a small, little-talked-about report was released by the Department of the Interior.It was written by a bureau of the department known as the U.S. Geological Survey.The goal of the report was simple: identify information on events, trends, and issues for each mineral commodity. After all, the non-fuel minerals they researched were vital to the U.S. economy.The value added to our GD...Read More
Gary ChristensonIntense sunshine beamed down upon the canyons of Wall Street, illuminating potholes, dark alleys, secrets and mass delusions. Most people paid no attention because phones, the impeachment circus, Facebook posts, stock prices, and money worries distracted them.It was a normal day.I took a random walk down Wall Street, checked my phone for useless news and accidentally stepped into...Read More