Gold stocks have been terrible investments over the last two years, even as gold prices have increased 9%. But they are looking more and more attractive as a safe haven, as geopolitical and stock market risks seem to be intensifying.So, if you are one of those investors searching of a safe haven, let's take a look at two gold stocks that are attractive buys at this time. The right one for you will...Read More
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators' silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver b...Read More
When it comes to your TFSA, you should own high-quality blue-chip stocks that will allow you to unlock the true power of tax-free compounding over the long haul. Keep your speculative stocks out of your TFSA, because should such holdings sour in a hurry and you hit the sell button, you won't be able to use the capital losses to your advantage come tax time. Not to mention the fact that you'd also...Read More
Readers know that I have beaten this drum all too often. Gold's major fundamental driver is declining or negative real rates. There is a strong inverse correlation because Gold is money. That's what JP Morgan said and he's far more qualified to understand than quotable celebrities like Mark Cuban. But I digress.When real rates are increasing or strongly positive (during most of the 1980s and 1990s...Read More
There's been an abundance of commentary on the net long position of the "Swap Dealers" in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedented. At the same time, the "Large Speculators," the majority of which is comprised of the "managed money" (hedge funds) sub-component, are net short nearly 1...Read More
Gold output from Centamin's (LN:CEY) Sukari gold mine in Egypt rose year-on-year in the March quarter, although missed targets.The openpit of Centamin's Sukari' mine in Egypt09 APRIL 201809/04/2018commentsshare It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More
Caledonia Mining (CN:CAL) has maintained its full-year production guidance for 2018, after fulfilling output expectations from its 49%-owned Blanket mine in Zimbabwe during the March quarter.The sinking of Blanket's central shaft is continuing according to plan09 APRIL 201809/04/2018commentsshare The miner produced 12,924 ounces of gold during the January-March period, up a marginal 1% year-on-yea...Read More
Spot gold prices have climbed more than US$11 an ounce from Friday's low of $1,321.82 as US-China trade tensions continue to dominate.Staff reporterRandgold was among the market risers09 APRIL 201809/04/2018commentsshareGold stocks have fared well among the fluctuations, with Torex Gold Resources (CN:TXG) the standout on Friday in Toronto, rising more than 51% as it regained full access to its Mex...Read More
Australia's Department of Industry, Innovation and Science expects Japanese utilities to settle annual thermal coal contracts with Australian miners at a six-year high.JFY contracts cover high-grade Australian coal shipped from Newcastle to Japanese utilities09 APRIL 201809/04/2018commentsshare The department said in its March Resources and Energy Quarterly report the Japanese fiscal year (JFY) be...Read More
Anglo American should decide on a partner to develop its Quellaveco copper project in southern Peru in the coming months ahead of a board decision on construction, the CEO of the company's copper business Hennie Faul told Mining Journal.Tom Azzopardi in Santiago Site visit at Quellaveco in Peru09 APRIL 201809/04/2018commentsshare Just back from Peru and speaking ahead of the 17th World Copper Conf...Read More
Bankers Cobalt project claim map, Democratic Republic of Congo. Source: Bankers Cobalt Corp.Bankers Cobalt Corp. [BANC-TSXV; BC2-FSE] said it has discovered elevated cobalt and copper in soil sampling at the Kabolela South project in the Democratic Republic of Congo.Bankers Cobalt is a cobalt and copper exploration and development company focused on advancing a portfolio of permitted concessions i...Read More
Escondida operator BHP (AU:BHP) has officially opened a new US$3.43 billion desalination plant which it says will help maintain output at the world's largest copper mine in Chile.Staff reporterBHP officially opens Escondida's new desal plant09 APRIL 201809/04/2018commentsshareThe project is part of the company's plans to stop using fresh water altogether in Chile from 2030.The new 2,500l/s plant i...Read More
During the past week, Cannabis Wheaton Income Corp. (TSXV:CBW) said it would acquire two pending cannabis producers located in Eastern CanadaSmallCapPower | April 9, 2018: Cannabis Wheaton Income Corp.'s (TSXV:CBW) last two announced acquisitions appear to be positioning the Company as a force to be reckoned with in Canada's Maritime provinces. On April 9, 2018, Cannabis Wheaton said it would acq...Read More
Proposed Kinder Morgan Trans Mountain twinned pipeline expansion project. Source: Kinder Morgan.In spite of assurances last week from Prime Minister Justin Trudeau, who said the pipeline "will get built," the company said the decision was prompted by continued opposition by the British Columbia government and lack of clarity about the way ahead for the $7.4 billion project, which the company said...Read More
Evrim Resources Corp. (TSXV:EVM), a gold explorer, moved sharply higher after announcing exploration results from its Cuale gold project in MexicoSean Mason | April 9, 2018 | SmallCapPowerMore than a few speculators took a shine to a gold explorer Monday following promising drill results. Here's some small stocks making big moves on Monday, April 9, 2018 (as of 4 pm EST):Evrim Resources Corp. (...Read More
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,227.70, up 20.29 points)Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at eight cents on 21.4 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 70 cents, or 8.64 per cent, to $7.40 on 11.5 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.95, or 7.04 pe...Read More
The Canadian industrial stocks on our list service U.S. auto companies and consumersSmallCapPower | April 9, 2018: Many American automotive companies produce their parts in Canada. The Trump administration, in its plans to renegotiate NAFTA, could target automotive parts in an attempt to move manufacturing jobs to the U.S. Changes to the agreement, or the revocation of the agreement entirely, coul...Read More
I've been in the cannabis game for about four years now.And I've made a ton of money.I don't say this to chest-pound, by the way.This is merely an observation of truth, and a reminder to those who are looking to profit from the burgeoning legal cannabis industry that if you follow my advice, you're likely to do very well.Just ask those who took my advice to buy Canopy Growth Corporation (TSX: WEED...Read More
Base metals interest cools, led by a falling copper priceThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Base Metals 20 Index eased 9% since our last report dated February 5, 2018, underperforming its benchmarks, the TSX-V and the Base Metal Juniors indices, which have declined 4% and 3%, respectively, over the same period. Notable performers for this report...Read More
Vancouver, British Columbia - April 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) ML Gold Corp. (TSXV: MLG) ("ML Gold" or the "Company") is pleased to announce it has recommenced its diamond drilling program at the Stars Property in Central BC. The current drilling program intends to test magnetic targets within the recently identified (approximately 1 kilometer in diameter) Central target...Read More