Telson Mining Corporation (TSXV: TSN) is a Canadian-based junior resource mining company, currently in pre-production at two Mexican gold, silver and base metal mining projects, and is advancing both towards commercial production, over the coming months of 2018. According to Ralph Shearing, President of Telson, the company is a new multi-mine producer in Mexico, delivering and selling metal concen...Read More
The good wife is in Las Vegas for work this week, leaving me home to be the bachelor. I've never much liked Vegas. It is shallow, rude, and noisy. It is a system set up to rob the stupid.And according to the latest numbers, it has undergone a tourist slump. For the first time in nine years, the numbers are down over last year.It seems that Las Vegas isn't what it used to be. When I first showed up...Read More
Teranga GoldCorp. (TSX: TGZ) announces the first drawdown, under the secured developmentfinance facility with Taurus Funds Management Pty Ltd., for construction of itssecond mine - the Wahgnion gold project. The facility totals $165 million, andthe first drawdown was for $70 million, $15 million of which was used to closeout a revolving credit facility with Soci?(C)t?(C) G?(C)n?(C)rale, Teranga sa...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 100...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 100...Read More
TORONTO - Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion.The sale of more than 97 million shares represents Shell's entire interest in Canadian Natural, a roughly eight per cent stake in the company.Shell said in a statement Monday night that proceeds from the sale will contribute to reducing net debt.The sale, which is being underwritten by Gold...Read More
Mayo Lake Minerals (MLM) is a private Ontario-based company that owns a 100 per cent interest in five claim blocks, presently consisting of 1,117 claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (TGB). We learned from Tyrell Sutherland, VP of Exploration for Mayo Lake Minerals, that these are all brand new prop...Read More
Gold is under pressure due to an appreciating U.S. dollar, says Lukman Otunuga, research analyst atFXTM. As of 9:09 a.m. EDT, spot metal was down $4 to $1,309.60 an ounce. The loss,despite U.S. President Donald Trump’s planned announcement on the Iran nucleardeal Tuesday afternoon, highlights a lack of buying sentiment at the moment,the analyst says. “There is a suspicion that market e...Read More
SASKATOON - Nutrien Ltd. says a tough winter that slowed potash shipments to Canadian ports and a late spring start to planting season in Canada and the U.S. are responsible for a first-quarter net loss of $1 million.The company formed at the start of the year out of the merger of Potash Corp. and Agrium Inc. earned 16 cents per share in the three months ended March 31, missing analyst expect...Read More
NEW YORK, May 8 (Reuters) - The dollar briefly pared gainsagainst a basket of currencies on Tuesday as U.S. PresidentDonald Trump said the United States will exit a current dealaimed at curbing Iran's nuclear weapon activity. At 2:26 p.m. (1826 GMT), the index that tracks the greenbackagainst the euro, yen, sterling and three other currencies wasup 0.39 percent at 93.109. (Reporting by Richard Leo...Read More
Vancouver, British Columbia - May 8, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pan Global Resources Inc. (TSXV: PGZ) ("Pan Global" or the "Company") The company is pleased to provide an update on exploration in the ??guilas Project in Andalucia, Spain. A new structure has been discovered with copper mineralisation and associated cobalt and silver identified over 1.8 km of strike so-far, a...Read More
The Double StandardWhen Volkswagen executives found out U.S. regulations would kill one of their diesel models, they pulled some tricks. They fooled U.S. regulators by installing software which misrepresented the emissions released.But the U.S. found out, and arrested the top executives involved.One of them, a German citizen, was sentenced to 7 years in prison late 2017 for his role in the scan...Read More
Turkish steel producers have resumed their deep-sea scrap purchases, trading two US shipments and a UK cargo in the past few days, sources said on Tuesday May 8.The mills in the country were waiting until the International Rebar Producers & Exporters Association (Irepas) conference in Warsaw, which ends today, to see which direction the market moves, and decided to pay slightly higher prices for d...Read More
Waiting for Permanent Backwardation The price of gold dropped 9 bucks, while that of silver rose 3 cents. Readers often ask us if permanent backwardation (when gold withdraws its bid on the dollar) is still coming. We say it is certain (unless we can avert it by offering interest on gold at large scale). They ask is it imminent, and we think this is with a mixture of fear and longing for a highe...Read More
ANKARA, May 8 (Reuters) - Turkey will continue its tradewith Iran as much as possible and will not be answerable toanyone else, Economy Minister Nihat Zeybekci said on Tuesday, asU.S. President Donald Trump said the United States waswithdrawing from the 2015 Iran nuclear deal."From now on, we will carry out our trade with Iran, withinthe possible framework, until the end, and we will not give...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More
May 8, 2018 (Investorideas.com Newswire) Ron Struthers of Struthers Resource Stock Report profiles a microcap company with a prospective cobalt property in BC's Golden Triangle.A key element in lithium-ion batteries (LIBs) is cobalt. I have focused a lot on graphite and lithium, but cobalt is unique in its own regard and probably has more bullish factors than graphite, lithium and nickel. There ar...Read More
NEW YORK (Reuters) - Oil prices slumped as much as 4 percent on Tuesday in volatile trading as media reports rattled markets with doubts about whether U.S. President Donald Trump would withdraw Washington from the Iran nuclear deal as most had expected.The New York Times reported that Trump told President Emmanuel Macron of France that he planned to withdraw the U.S. from the deal and that the U.S...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
By Craig HemkeLast week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail. If you missed last week's column, you should be sure to read it. It can be found here: https://www.sprottmoney.com/Blog/gold-going-on-sal... Ultimately, this is an issue of dollar strength. The pas...Read More