Barrick Gold has received a lease to restart production at the New Porgera mine. Read on to see why analysts like this company's stock right now.Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) announced in a press release that the company has received a special mining lease from Governor General Bob Dabae. The press release specified that this lease would allow Barrick to begin production at the New Porge...Read More
Several larger mining companies reported preliminary quarterly results this week, mostly production numbers, with full financials to follow, as has becomethe norm in recent years. Below, Global Analyst Adrian Day looks briefly at these, as well as the gold market in general.The gold price has moved up $100 since the horrific events of last weekend, partly, of course, out of concern about a spreadi...Read More
I was looking through my old files and remembered that I hadn't told you this story yet.When people ask me why I'm so against shorting options, this is what I tell them.I'll elaborate on what can happen though admittedly very rarely does – when you're short volatility and you don't know what you're doing.The Rogue TraderNick Leeson was an ordinary boy from the ordinary London suburb of Wat...Read More
LONDON, 19 October 2023 - Higher long-term interest rates are depressing Western investor demand for gold says German newspaper Handlesblatt today, quoting analysis from BullionVault."The market is now expecting interest rates to stay high for an extended period," says director of research Adrian Ash, "and the yield curve is much steeper than before."That offers investors a better interest rate on...Read More
Michael Ballanger of GGM Advisory Inc. takes a look at one silver company's stock, which he believes is a rare jewel in this market.I draw your attention to the benchmark for junior resource stocks the TSX Venture Exchange which hit a yearly low on October 5, ironically the same day that gold bottomed under US$1,825.The 52-week low was 524.42, yet despite Friday's massive uptick in gold bullio...Read More
This past weekend we entered a local park hard upon the Chesapeake Bay.At water's edge stood several head of fishermen.Each extended a line to pluck aquatic beings from the "immense protein factory" as H.L. Mencken labeled the fruitful Chesapeake Bay.All was peace.Of a sudden a vehicle of the Maryland Natural Resources Police came pulling up.From it emerged an officer of the same authority. He w...Read More
Technical Analyst Clive Maund reviews current movements in the silver market. At this point, given what is going on in the world, silver is regarded as probably the best value investment around, with very little downside and huge upside. It is still significantly undervalued relative to gold, which reflects the recent negative sentiment towards the Precious Metals sector that is characteristic of...Read More
With crashing bonds and soaring gold, Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, and one silver stock he believes would be worth looking into.The major theme of this week's missive revolves around the primary reason that gold exploded from US$1,881 to US$1,945 per ounce in Friday's session. The answer is in four words I have no idea. Notwiths...Read More
Newmont Corp. has acquired Newcrest Mining Ltd., which may represent a unique opportunity for shareholders. See why analysts like this company's stock. Newmont Corp. (NEM:NYSE) announced in a press release that Newcrest Mining Ltd.'s (NCM:ASX) shareholders have voted to approve the acquisition of the company by Newmont Corp. The shareholders voted by a margin of 84.74% of those present for the vot...Read More
Ecuador's election finally has a winner. Find out why this green technology company seeking approval for a groundbreaking bioleaching plant there likes the results.As BacTech Environmental Corp. (BAC:CSE;BCCEF:OTCQB;OBT1:FRA) continues to wait out a decision from Ecuador's Constitutional Court on the fate of the environmental consultation process for its bioleaching plant there, the Latin American...Read More
Today we run a warning flag up our flagpole…For we have detected "zombies." Zombies?Mr. Robert Burrows of BondVigilantes.com:Zombie firms are essentially companies that exist on borrowed time.They struggle to generate enough profits to cover their debt obligations, yet manage to stay afloat thanks to lenient borrowing conditions. The prolonged period of ultra-low interest rates following the...Read More
Jeffery Hunter, writer of BullishBriefs, shares his thoughts on Newlox Gold Corp. to tell you why he believes this is a company worth looking into.Newlox Gold Ventures Corp. (NWLXF:OTCMKTS;LUX:CSE;) is an environmental remediation and gold recovery company nearing profitability with the ramp-up of its first processing plant in Costa Rica. Unlike traditional gold mining, which generates tons of che...Read More
Nascent silver miner Summa Silver Corp., which saw its IPO just a month before the COVID-19 pandemic began, has found strong evidence of considerable gold holdings at its Hughes project. You may know Summa Silver Corp. (SSVR:TSX.V; SSVRF:OTC) as the Canada-based junior mineral exploration company engaged in acquisition, exploration, and evaluation activities at two U.S. sites: the Hughes property...Read More
I-80 Gold Corp. released an update on the company's progress in Nevada. Read on to see why analysts like this company's stocks.I-80 Gold Corp. (AU:TSX; IAUCF:OTCQX) recently put out a press release providing an update on its progress with the Granite Creek project, located in Humboldt County, Nevada. The company reports that its focus is on the Ogee and the South Pacific Zones, which both host dep...Read More
Barry Dawes of Martin Place Securities takes a look at the current state of gold and where he believes it is headed.KEY POINTSGold up US$64 to US$1932Closed near the highsGold in other currencies regained parabolasStarting next 60-year cycleSoon to test previous highsThis is a Wave 3Short covering should be very strongGold stocks up 4.5%Important cyclical low in placeExpect 100% returns over next...Read More
Nascent silver miner Summa Silver Corp., which saw its IPO just a month before the COVID-19 pandemic began, has found strong evidence of considerable gold holdings at its Hughes project. You may know Summa Silver Corp. (SSVR:TSX.V; SSVRF:OTC) as the Canada-based junior mineral exploration company engaged in acquisition, exploration, and evaluation activities at two U.S. sites: the Hughes property...Read More
With crashing bonds and soaring gold, Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, and one silver stock he believes would be worth looking into.The major theme of this week's missive revolves around the primary reason that gold exploded from US$1,881 to US$1,945 per ounce in Friday's session. The answer is in four words I have no idea. Notwiths...Read More
Is the world coming apart at the seams? It would seem so.Of course, there are always wars going on somewhere and hot spots waiting to erupt. That's the steady state of the world. But some periods are far more dangerous either because the conflicts are more intense, or there are more of them or both.The best analytic approach in such situations is not just to compile a list of conflicts but to cons...Read More
We're searching for snapbacks as the October market chop continues this week...Stocks are already attempting to recover from last week's slump as the major averages all posted strong gains on Monday. The much-needed September pullback has passed and traders are waiting and watching for the market to tip its hand.Some market pundits are convinced stocks are gearing up for a big year-end rally. Othe...Read More
This company exploring for gold near the historic Homestake Mine in South Dakota has entered a partnership with Orion Mine Finance that comes with a US$17 million investment in the company. One analyst says this company is making "significant" discoveries.Dakota Gold Corp. (DC:NYSE American) announced it has entered a binding agreement with Orion Mine Finance for a US$17 million investment in the...Read More