Tony Barresi has resigned as a director and the President of theRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
SourceAt the time of writing, Gold is up for the second week in a row, trading around the $1,745 level, which has acted as an important resistance level since mid-April. Rebounding Covid-19 infection rates and recent mitigated macroeconomic figures have sent the markets into risk-averse mode, which have sent Gold's price higher. Most investors are now wondering if Gold will have enough bullish mo...Read More
Markets are gyrating again. Volatility is on the rise. Many analysts worry that another bear market is just around the corner. If you want to sleep easy at night, take a close look at gold stocks.Metals companies are proven safe havens during times of trouble. Let’s look at the facts.In 1970, gold was priced at US$230 per ounce. Today, an ounce trades for US$1,730. That’s a seven times...Read More
The COVID-19 pandemic has introduced market volatility like no other time in history. Some industries, like airlines, have been completely decimated. Many airlines are now flying with a 10% capacity, as passengers continue to avoid traveling. Restaurants and entertainment businesses also saw their revenue streams evaporate. Interestingly enough, there is one stock that is up over 18% year to date,...Read More
A lot has been going on in the last few months that has affected investors and their TSX stocks. And as much as the current environment is a combination of several factors, the biggest change has come from the coronavirus pandemic.The coronavirus has changed almost every way that we live our lives, and the same is true with investing. Companies that were thought of as high quality are seeing huge...Read More
A surge in demand for copper and other base metals could arrive early next year. That has contrarian investors wondering which mining stocks might be attractive picks.Copper boomCopper prices took a hit when governments around the world put their economies in lockdown to slow the spread of the coronavirus.The metal has recovered ground and is now trading close to a five-month high. Pundits suggest...Read More
Looking northeast at drill rigs at Arizona Metals' Kay mine project, Yavapai County, Arizona. Photo Credit: Arizona Metals. Drilling has intersected massive sulphide mineralisation at the South zone of Arizona Metals' (TSXV: AMC) Kay mine property, about 69 km north of Phoenix and adjacent to Black Canyon City in central Arizona's Yavapai County.Highlights from the drill program included drill h...Read More
Over the past few years, China has gotten increasingly aggressive...It's launched large-scale cyberattacks against rival governments and private companies, stealing vital information. It's attempted to seize control of the South China Sea - a body of water it shares with half a dozen neighboring countries.It's sent its navy and air force to harass those same neighbors, instigating conflicts with...Read More
Credit: bebouchard via Flickr. Gold prices surged again on Tuesday to the highest in more than seven years as the World Health Organization cautioned that the worst of the coronavirus pandemic is yet to come.Spot gold was up 0.5% to $1,780.64 per ounce by 2 p.m. EDT, after reaching $1,785.85 an ounce earlier in the session - its highest since October 2012.US gold futures also surpassed the $1,800...Read More
The International mine in Russia. Image from Alrosa. Alrosa (MCX: ALRS) announced on Tuesday that operations have restarted at its International underground diamond mine near Minry, Russia.The world's top diamond producer by output suspended works at the mine last week, after several employees tested positive for covid-19.The mine's operations have resumed in a two-shift mode so mine staff don't...Read More
Helicopter supported exploration at James Bay region (Credit: Azimut) Azimut Exploration (TSXV: AZM) announced the expansion of the drilling program on its wholly owned Elmer property in the Eeyou Istchee James Bay region of Quebec.A total of 6,399 metres (32 holes) have been drilled since late May. The company said it has decided to expand the program to 10,000 metres, to further assess the main...Read More
Sabina's Goose camp, Back River, Nunavut. Credit: Sabina Gold & Silver Corp. Sabina Gold & Silver (TSX: SBB) announced Tuesday that the company has received final authorization for its first mine at the Back River gold project in Nunavut.Sabina recently received final operational approval for the placement of the tailings into the project's proposed tailings storage facility. The company is now i...Read More
SourceAt the time of writing, Gold is up for the second week in a row, trading around the $1,745 level, which has acted as an important resistance level since mid-April. Rebounding Covid-19 infection rates and recent mitigated macroeconomic figures have sent the markets into risk-averse mode, which have sent Gold's price higher. Most investors are now wondering if Gold will have enough bullish mo...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a "deep disappointment," European steel association Eurofer and European trade union IndustriAll said in a joint statement on June 30.Chine...Read More
The London Metal Exchange three-month copper price closed above $6,000 per tonne for the first time since January 23 on Tuesday June 30.The price was buoyed by high-volume trading amid supply concerns brought on by the closure of Codelco's Chuquicamata smelter in Chile amid the Covid-19 infection in the country.The LME three-month copper price closed up by a fairly modest 0.8% at $6,015 per tonne...Read More
Swiss metal merchant MRI Trading has appointed Markus Nunnenmacher as its new chief executive officer, with longstanding head Iain Paterson stepping down from the role effective from July 1."This change represents an agreed retirement transition process whereby Iain Paterson will continue to serve as the President of the Board of Directors of MRI for...Read More
Bob Moriarty ArchivesJun 30, 2020Yesterday I promised I would be boring so here it is. We are in a depression. The Fed is doing the opposite of the right thing. They are destroying the currency. Their stupidity will take down the stock market as well as the bond market and leave most of the 99% broken. We will see the banks close. We will have hyperinflation. You can still protect yourself and it&...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 30, 2020Investors ignore cycles... at their peril.When I calmly suggested that a key virus cycle year of 2020 would see a “carpet bombing” of markets, most investors were not listening to the cyclical message of the markets.Sadly, they were wasting time watching the govern...Read More
The S&P 500 finished the June quarter strongly, closing up 1.54% yesterday to mark its best quarter in more than 20 years.Coming off a drop of 20% in the first quarter, the biggest quarterly decline since the financial crisis in the fourth quarter of 2008, the S&P rallied more than 19.95% to notch its biggest quarterly gain since 1998 which was at the height of the tech boom, Reuters repor...Read More