Claims of the two companies are adjoining and, thus, allow for potential synergies. Granite Creek Copper Ltd. (GCX:TSX.V) announced in a news release it entered an agreement to acquire about 30% of the outstanding shares of Canada's Copper North Mining. For 26,146,233 Copper North common shares, Granite Creek will pay 10,529,663 of its own common shares."We believe this acquisition will be accret...Read More

Mike Gleason: It is my privilege now to welcomeback our good friend David Morgan of The Morgan Report. David, it'sgood to have you on as always and we appreciate the time today. How are you? David Morgan: Mike, I'm well. Thank you forhaving me.Mike Gleason: Well, we've had a significantcorrection in precious metals prices, especially in silver, and I wanted to getyour thoughts...Read More

Sincethe Federal Reserve detached the dollar from the gold standard in 1971, theworld's central bankers – with the Fed leading the charge, have flooded theworld with fiat currency to the point of diminishing its purchasing power toshadow status.Acommon belief during the early decades of the former Soviet Union's rise after1917 was that, according to Marxist-Leninist theory, the West and capi...Read More

Some analysts see the world dodging a recession next year, which provides some upward room for oil prices.Last week, the IEA warned last week that “the hefty supply cushion” building up in the first half of 2020 will cause OPEC+ problems as the group tries to balance the oil market. Part of the reason for another potential surplus is the steep drop in demand growth this year, forcing o...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More

The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time,...Read More

- David Smith, The Morgan ReportSince the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers - with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxis...Read More

By: Avi GilburtMany people feel that the metals are too hard to trade. Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.On Friday, one of our members pointed out to me that the GLD fund has seen its largest withdrawal since late 2016. And, as we now know, that was right before t...Read More

Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More

SD Friday Wrap: The impeachment inquiry's over? The Fed's suddenly tightening? No and no. It's just the cartel preparing for a good old-fashioned beating...Wow!How quickly things change.Of course, nothing in the real world has changed to anything that would be "bearish" for gold & silver.Case in point.Well, actually, cases in point:The impeachment inquiry and political in-fighting goes on.The Fed...Read More

PERTH (miningweekly.com) – Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia.The 2019 collection, the thirty-fifth tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries, the miner said.Advertisement“The 2019 Argyle p...Read More

With confusing news over United States-China trade talks, the markets are unsettled this morning, Friday November 22; the path of least resistance for the metals is to the downside, but with prices already weak, support is being encountered.With gold prices weaker and US 10-year treasury yields firmer, havens are in less demand. The release of flash purchasing managers’ index (PMI) data...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.The Canadian Dollar added 0.14 to U.S.75.43 cents following release of Canadian September Retail Sales at 8:30 AM EST. Consensus was an increase of 0.3% versus a decline of 0.2% in August. Actual was a decrease of 0.1%.Nordstrom gained $2.86 to $37.18 after reporting higher than consensus...Read More

Exceptional diamonds are nothing new for Lucara Diamond's (TSX: LUC) Karowe mine in Botswana, but this fall has seen the miner unearth coloured gems as well as large high-value Type IIa stones. Lucara recently reported it has recovered a 123-carat Type IIa diamond, a 9.74-carat blue diamond and a 4.13-carat pink diamond - all from the South Lobe of the AK6 kimberlite.The company also recovered a 3...Read More

Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine operate during corporate restructuring, after the company's failure to generate positive free cash flow in 2019.In October, the Superior Court of Quebec granted Stornoway an approval and vesting order from, a key condition for the company to execute transactions outlined in a letter of intent announ...Read More

The second annual Diamonds in Canada Symposium, organized by The Northern Miner, took place in Toronto in June. This year's featured speakers included Chris Jennings, chairman of North Arrow Minerals, and Paul Zimnisky, independent diamond analyst and consultant. While the day was full of insights about the diamond market and diamond exploration and mining, three themes were particularly prominent...Read More

McEwen Mining (TSX: MUX; NYSE: MUX) has closed a public offering of US$50 million issuing 37.8 million units at $1.325 per unit.Each unit consists of one common share and one half of a warrant to buy one common share. Each full warrant can be exercised for one common share at $1.7225 per share within five years from the date of issuance.Underwriters have a 30-day option to buy an additional 5.7 mi...Read More

US takes long-term position on mineral supplySPONSOREDverisk maplecroftMacarthur's high-grade iron project set to rollSPONSOREDArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesManagement will no doubt be pleased with this year's third quarter, with figures for revenue, goods sold and profit all up year on year. ...Read More

Rick Rule, CEO of physical precious metals fund leader Sprott Asset Management, returns to Reluctant Preppers to answer YOUR questions on the Fed Bind Repos, what might happen to metals and mining shares during a major stock market selloff, tried & true principles for strategically protecting your family's financial future, investing, and more!Rick Rule, founder and chairman of Sprott Global Resou...Read More

The advance decline line is a reliable leading indicator. The GDX advance decline line is showing a strong positive divergence.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as The...Read More