As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the U.S. dollar.Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.They view gold and the Japanese yen as the main risk-off assets. So, when the d...Read More
When investors think of acquiring mining stocks, they usually look to larger miners with mature, stable operations. While senior and intermediate miners offer greater stability and come with lower risk, junior miners and explorers offer the potential to obtain outsized returns. One junior miner that stands out, offering an exciting opportunity for investors to gain exposure to high-quality preciou...Read More
Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th, 2016).There's a quiet bull market unfolding in the precious metals sector. But don't expect to hear about it on CNBC, Bloomberg TV...Read More
Gold and gold stocks, It is "high noon" at $1300About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a "large east coast North American city." Those attending the confidential meeting were representatives of central banks and large c...Read More
Indicators for China's economic strength have been weak and central bank efforts to boost spending are getting less effective, analyst Christopher LaFemina said, and metals demand will fall as a result."Broad credit growth in China has been on a declining trend since 2017 … credit growth tends to lead economic activity by 3-6 months, and credit growth is unlikely to accelerate until more ag...Read More
BMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
Yamana Gold's Cerro Moro gold-silver mine is southern Argentina, which has one of Sandstorm's many streaming agreements. Source: Sandstorm Gold Ltd.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Friday January 4 that it sold approximately 57,600 attributable gold equivalent ounces in 2018, the highest yearly total in the company's history. That number includes approximately 14,150 attribut...Read More
SolGold tables updated estimate for Alpala DepositSolGold Plc [SOLG-TSX, LSE; SLGGF-OTC] shares were active Friday January 4 after the Brisbane-based company released a NI 43-101-compliant technical report containing an updated resource estimate for the Alpala Deposit, located on the company's Cascabel Project in northern Ecuador.According to the technical report, the Alpala mineral resource now s...Read More
2019 is going to be a windfall year for you.You're going to make a lot of money this year - possibly more than you ever have in your entire life.I'm not kidding. You're going take your wealth to an entirely new level this year.So... how are you going to do that?Easier than you think: You're going to change your perception about most things in your life. And it starts right here, right now...Say th...Read More
Jared Atkinson, a PhD student in geophysics and researcher in the Center for Space Resources at Colorado School of Mines, was recently interviewed by NBC News about a study he co-authored on mining water on the moon, for an article about NASA's plans to build a moon-orbiting space station and permanent lunar base. From the article: Scientists know the ice is there, but they aren't sure how much....Read More
Cold water was thrown on the lithium market in 2018, with prices falling and lithium miners' equity prices falling alongside. We at Fastmarkets believe the price weakness has been front-loaded with the market deleveraging into the prospect of two-to-three years of supply surplus.We expect further price weakness in 2019, though not as much as seen in 2018. However, it may take a while for a bullish...Read More
The gold price continued a strong December push, rising 1.9% to US$1,280.40. The Philadelphia Gold and Silver Index rose 1.4% to 69.68 and the Dow Jones Industrial Average rose 2.7% to 23,062.40. The S&P 500 Index rose 2.8% to 2,485.74.Shares of Endeavour Silver rose 7% to US$2.15. To prolong its El Cubo silver mine life, the company announced in December 2018 that it would halve its production ra...Read More
The S&P/TSX Venture Composite Index rose 4.12% to close the trading week at 552.09, and has continued to rise over the start of 2019. Shares of Novo Resources rose 48 ? to $2.80 after the company announced positive results from mechanical ore-sorting trials on four bulk samples from its Karratha gold project in Australia. The company crushed and screened the samples into concentrates ranging from...Read More
The S&P/TSX Composite Index rebounded 2.1% over the week to finish at 14,222 on Dec. 28 and finish the year at 14,322.90 on Dec. 31 - or an 11.6% drop year over year. The S&P/TSX Global Mining Index surged to 66.98 on Dec. 28 and closed the year at 67.77, off 6.3% over the year. The S&P/TSX Global Base Metals Index rose to 101.48 on Dec. 28 and closed the year a 102.58, or down 23.6% from the end...Read More
2019 is going to be a windfall year for you.You're going to make a lot of money this year - possibly more than you ever have in your entire life.I'm not kidding. You're going take your wealth to an entirely new level this year.So... how are you going to do that?Easier than you think: You're going to change your perception about most things in your life. And it starts right here, right now...Say th...Read More
"Jeffrey Christian, managing director of CPM Group @CPMGroupLLC , discusses his outlook on gold and copper as 2019 begins - https://t.co/TqtTK2fIih"Read full newsRead More
"Jeffrey Christian, managing director of CPM Group @CPMGroupLLC , discusses his outlook on gold and copper as 2019 begins - https://t.co/TqtTK2fIih"Read full newsRead More
"$AGNC - AGNC Investment's Q4 2018 Income Statement And Earnings Projection - Part 1 (Includes Net Spread Income Trend) https://t.co/5hvwgMzqGZ"Read full newsRead More
Small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years, according to new research.Read full newsRead More
CloseGain/LossGold $1294.60+$11.60Silver$15.73+$0.22XAU72.17+1.73%HUI163.37+1.65%GDM597.67+1.98%JSE Gold1445.45+47.57USD96.25-0.54Euro113.99+0.55Yen93.40+1.71Oil$47.09+$0.5510-Year2.560%-0.095T-Bond148.4375+1.6875Dow22686.22-2.83%Nasdaq6463.50-3.04%S&P2447.89-2.48% The Metals: Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST, but it then climbe...Read More