Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES VICE PRESIDENT OPERATIONS AND PROVIDES UPDATE ON WINTER DRILL PROGRAM AND METALLURGICAL STUDIES Bonterra Resources Inc. has appointed Peter A. Ball as vice-president of operations and is providing an update of the continuing winter drill program and metallurgical studies."I am pleased to have Peter formally join the Bonterra team, as he has been a board...Read More
Gold is trading under pressure today, resulting in a $10 decline. As of 4:00 PM Eastern standard time, gold futures (April futures contract) are currently off by $11.10 (-0.82%).Physical gold is also under pressure, currently trading off by $9.20. Today’s decline is the result of a combination of U.S. dollar strength as well as selling pressure. According to the Kitco Gold Index, today&rsquo...Read More
The Oreninc Index fell in the week ending March 23rd, 2018 to 26.70 from an updated 52.33 a week ago as financings once again dried to a trickle.The week was full of news that was generally positive for gold led by the US Federal Reserve's latest monetary policy decision that confirmed the long-expected interest rate increase, but more importantly, the Fed indicated that it will only make three ra...Read More
(Kitco News)- Bitcoin’s fall below $8,000 on Tuesday, hitting atwo-week low, could reignite interest in the silver market, according to onecommodity analyst. Andrew Hecht, creator of the Hecht Commodity report wrotein a recent post on seekingalpha.com that one of the reasons why silverunderperformed within the precious metals sector, is because it faced toughcompetition from cryptocurrencies...Read More
France has demonstrated a strong commitment to nuclear security, according to the International Atomic Energy Agency (IAEA). The Vienna-based agency carried out a two-week International Physical Protection Advisory Service (IPPAS) follow-up mission at the French government's request.The team completed the mission on 23 March to review the legislative and regulatory framework for nuclear security i...Read More
(Kitco News) - Gold andsilver prices ended the U.S. day session lower Tuesday, on profit taking fromrecent gains. Gold prices hit a five-week high overnight, while silver notcheda three-week high. A rebound in the U.S. dollar index today also worked againstthe precious metals market bulls. April Comex gold futures were last down $12.70an ounce at $1,342.40. May Comex silver was last down $0.149 at...Read More
Ann Saphir(Reuters) - The head of the Federal Reserve Bank of Atlanta, Raphael Bostic, waded into a potentially contentious debate at the U.S. central bank on Tuesday over whether to replace its 2 percent inflation target, saying he favors a new and nearly untested monetary policy strategy known as price-level targeting.That strategy, unlike the inflation-targeting approach in current use by the F...Read More
The Czech government is expected to reach a decision on the best way to finance new nuclear projects by the middle of the year, after a Ministry of Industry and Trade committee agreed yesterday to finalise its recommendations to government.Dukovany (Image: ?OEEZ)The Standing Committee on Nuclear Energy met to consider investor models and financing for the construction of new nuclear reactors. Mini...Read More
Source: Michael Ballanger for Streetwise Reports 03/24/2018Precious metals expert Michael Ballanger believes silver is poised for a "massive move to the upside."Would it be that a picture is worth a thousand words? In the case of the graphics posted below, in a word, yes!Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of reg...Read More
Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down. Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going...Read More
Ben Blanchard, Shu Zhang, Christine KimBEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un was part of a secretive delegation that arrived in Beijing by train on Monday and left on Tuesday, according to a source familiar with the matter and foreign media reports.The visit, which would be Kim’s first known journey abroad since he assumed power in 2011, was not announced by North Korea o...Read More
Copper-gold miner Newcrest has restarted mining operations at its Cadia project in Australia, two weeks after a tailings spill caused a shutdown.Processing at the Cadia complex will remain suspended yet Newcrest will stockpile the mine ore at the mine's surface until processing is able to...Read More
Bob Moriarty ArchivesMar 27, 2018Gold companies often work for years and spend millions of dollars before hitting the jackpot. Today I’m going to talk about a company that did a deal on a project and hit the jackpot right out of the box.Years agoI wrote a short piece about some people I named the heroes of mining. By chance the first person I talked about is named Carl Pescio from Nevada. At...Read More
Main ConclusionsThe Government of Alberta has run nearly uninterrupted deficits since 2008/09 including deficits expected to average over $9 billion annually between 2016/17 and 2018/19.Alberta's deficit today is much larger than the deficit the current government inherited (about $6 billion) when it took office in 2015/16.Blaming depressed oil prices or fiscal challenges that pre-date the recent...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 27, 2018I’ve predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size. Pleaseclick here now. Double-click to enlarge this interesting chart of the US stock market. Clearly, these mini-crashes are starting to...Read More
Trade wars historically have been symptomatic of more profound underlying problems. Primarily economic in nature. Any big war in history can be tied to economic roots.The degree to which the U.S. financial and economic system is self-destructing varies inversely with the amplitude of the propaganda promoting the opposite.Yet, in 2016 based on the latest annual W-2 numbers available (SSA.Gov), 55%...Read More
Weekly Reports |Mar 27 2018The Trump administration has suspended government sales of uranium in FY18, previously undertaken to fund an environmental clean-up.-DoE suspends US government uranium sales-Global price gap begins to close-Japan restarts number sevenBy Greg PeelThe US Department of Energy announced last week it would suspend government sales of uranium from excess inventories, which had...Read More
It is difficult to say when the ‘free’ gold market came into existence, since there always has been one. Yes, the goldprice has been set and fixed by governments for long periods of time throughout history, as part of various types of goldstandards. However, gold prices always have fluctuated around those official prices.Setting such nuances aside, the modern gold market 50 years ago t...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
The higher consumption of manganese alloys witnessed globally in 2017 is likely to spur increased production of silico-manganese this year, according to the executive director of the International Manganese Institute (IMnI).During a panel discussion at the 19th Asian Ferro-Alloys Conference in Hong Kong on Wednesday March 21, Aloys d'Harambure said that global silico-manganese producers were incre...Read More