The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
Of all the stocks I have invested in over the years, Labrador Iron Ore Royalty (TSX:LIF) is one of the most painful to remember. This is one I held for years before committing the cardinal mistake of selling when the news is the gloomiest, just the time that I should have been buying.From 2013 to 2016, I held shares of this company. When I first heard of it, LIF was trading for around $30 a shar...Read More
With nearly two-thirds of its revenue coming from copper, Lundin Mining (TSX:LUN) could be poised to go on steroids over the next decade. At least that's the opinion of one Citigroup analyst."Prepare for a decade of Dr. Copper on steroids," noted a recent Citigroup report, which forecasted prices of US$8,000 per tonne in 2022, rising to $9,000 per tonne by 2028."We look beyond the potential tra...Read More
Gold miner Continental Gold (TSX:CNL) has been mired in controversy since three of its employees were murdered in September 2018, leading to media claims that management was derelict in caring for their well-being. This - along with an armed attack on two engineers near its flagship Buritica project, changes to financial projections, including projected operating costs and the need for an addition...Read More
Last summer I'd discussed the rise in interest for lithium producers, which was largely powered by the excitement for the coming electric vehicle boom. In a follow-up article in July, I'd discussed how the market could behave in the near term. With supply expected to flood the market, I'd warned investors that lithium prices had likely peaked in 2018 and were expected to fall in 2019.This meant th...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
Seasonal financial analyst Don Vialoux says his 'best buy' for the coming months is the base metals sector, and the easiest way to play the sector is through exchange-traded funds, he adds. He picks three global base metals ETFs and two copper ETFs, a metal he is especially bullish on.Copper inventory and prices are low. A US-China trade agreement could create a surge in demand for the 'red metal'...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 19, 2019As US markets re-open after the holiday, the world’s “queen of assets” continues her glorious ascent to higher prices.Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target:...Read More
Heath laughs at this now, but it underlines the oddity of his company, which has two royalties on producing mines and sends half of its cashflow back to investors. That will see a C0.15c (US0.Read More
The Choco Precious Metal Project in Colombia. Source Max Resource Corp.Max Resource Corp. [TSX.V: MXR; OTC: MXROF; Frankfurt: M1D] is pleased to announce the appointment of Dr. Chris Grainger to the MAX Advisory Board. Dr. Grainger resides in Medellin Colombia and has over 20 years of experience as a geologist with extensive experience in South America, including Colombia, specializing in grassr...Read More
Olympic Dam is a multi-mineral ore body containing uranium oxide, copper, gold and silver. Source BHPBHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] CEO Andrew Mackenzie is urging the global mining industry to ensure there is no repeat of the recent collapse of a tailings dam at Vale SA's [VALE-NYSE], Brumadinho iron ore operation in Brazil.The Brumadinho dam breach, which occurred on Friday, January 25...Read More
Yesterday was President's Day, a holiday celebrated by Wall Street and middle schools alike with a day off. Given this unique opportunity, I took my 12-year-old daughter to the Air and Space Museum on the Mall in Washington, D.C.Air and Space is the most popular of all the Smithsonian museums, averaging 9 million visitors a year, which beats out the Louvre's 8.1 million.My daughter touched the moo...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
StrengthsThe best performing metal this week was palladium, up 2.05 percent on a strong market outlook. Gold traders and analysts were split between bullish and bearish this week as gold struggles to get back up to highs seen in January, according to the weekly Bloomberg survey. However, the yellow metal remarkably gained this week even as both the U.S. dollar and equities rose on the news that...Read More
By: Stewart Thomson, Graceland Updates: 1. As US markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.2. The rise above $1332 ushers in my new short-term target: $1355!3. Please click here now. Gold is well on its way to be...Read More
By: Daniel R. Amerman, CFAThe Federal Reserve is currently communicating to the markets that it will likely pivot, and pause two strategies. The first pivot is to stop increasing interest rates. The second pivot is to stop unwinding the Fed balance sheet.While the interest rate pause is getting the most attention - the balance sheet pause could be the most important one for investors over the co...Read More
By: Captain Ewave GOLD: Short Term Update: Gold reached a low of 1305.30 this past week, but by the end of week we had moved higher to close in the 1324.80 area. We also had a key weekly reversal higher which is bullish and suggests higher prices are coming in the short term! We updated our count this week to a more bullish count that is suggesting that all of wave ?iii? of !iii! ended at...Read More
By: Jordan Roy-Byrne CMT, MFTARoughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years....Read More
By: David HaggithBears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year of "global synchronize growth." We bears bawled that this was euphoric nonsense.Global economies fell off a cliff as soon as the bulls' narrative took hold, and all economies...Read More