Since slipping to a multi-year low of just over US$14 an ounce last month, silver remains weak. Even after rallying 3% over the last month, silver is still down by 15% for the last year. This is weighing heavily on the performance of many silver miners, dragging the Global X Silver Miners ETF down by a whopping 26%.Even primary silver miners with high-quality assets and strong balance sheets are s...Read More
Gold's latest weakness, which sees the yellow metal down by 8% over the last year, has caused the market to punish gold mining stocks and force the VanEck Vectors Gold Miners ETF down by a whopping 20% over that period. Some precious metals miners and streamers such as Osisko Gold Royalties (TSX:OR)(NYSE:OR) have been hit even harder. Its stock has plummeted by over 38%, as rumours swirl that the...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] rallied on heavy volume Thursday October 11 after the company said it has agreed to a settlement proposal with the Bolivarian Republic of Venezuela, by which Venezuela agreed to pay Rusoro over US$1.28 billion to acquire the company's mining data and for full release of the arbitral award issued in favour of the company in August, 2016.The arbitral award...Read More
The Gladitaor gold deposit in the Urban-Barry Camp of northwestern Quebec. Source: BonTerra Resources Inc.When Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR1-FSE] recently snapped up Metanor Resources Inc. in a $78 million deal, the plan was to create a new gold exploration and development company with a focus on Quebec's Urban Barry mining camp.By attaining control of three advanced high-grad...Read More
Capstone Mining's mill at the Minto copper mine in the Yukon which has been placed on care and maintenance. Source: Capstone Mining Corp.Capstone Mining Corp. [CS-TSX said Thursday it is terminating a deal to sell its Minto Mine in the Canadian Yukon to Pembridge Resources Plc. [PERE-LON]. Capstone also said it is immediately putting the mine on care and maintenance while it waits for copper and e...Read More
The Canadian government says it will impose a 25 per cent surtax on some foreign steel products in a bid to head off dumping.The Finance Department said "excessive imports" are harming the steel industry, prompting it to impose a surtax on seven products that range from rebar to wire rods.The surtax, which begins Oct. 25, will be in place for 200 days, pending an inquiry by the Canadian Interna...Read More
WASHINGTON - President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices."It's a correction that I think is caused by the Federal Reserve with interest rates," Trump said when asked by reporters in the Oval Office about the stock market swoon.He added, "We...Read More
VANCOUVER - A Vancouver-based mining company says soft copper and equity markets have combined to undermine the sale of its property in central Yukon, so it plans to shut the Minto Mine until a better opportunity is found.Capstone Mining Corp. says in a release that Pembridge Resources has been unable to arrange financing to purchase the copper mine, and the two companies have terminated the ag...Read More
Today I've decided to avoid the lengthy introductions and cut right to the chase.If you're a regular reader of these pages, you've been listening to me sing the praises of the cannabis market for nearly four years now.You've listened to me bitch and moan about the prohibition of cannabis.You've watched videos of me speaking to large groups of investors about why every single person should have som...Read More
Nevada Copper Corp. (TSX: NCU) is focused on the near-term commencement of copper production at the Pumpkin Hollow copper project near Reno, Nevada in the Yerington District. There are two fully-permitted adjacent projects at Pumpkin Hollow: the high-grade underground project, which is in construction. Initial production is planned by the end of 2019, and the open pit project, a large-scale copper...Read More
CloseGain/LossGold $1222.70+$29.60Silver$14.55+$0.25XAU69.97+6.80%HUI154.20+7.40%GDM550.29+6.40%JSE Gold1155.96+107.41USD95.02-0.52Euro115.98+0.75Yen89.21+0.27Oil$70.97-$2.2010-Year3.144%-0.050T-Bond138.71875+1.46875Dow25052.83-2.13%Nasdaq7329.06-1.25%S&P2728.37-2.06% The Metals: Gold held near unchanged for most of the day in Asia, but it then began a steady advance in L...Read More
By Alasdair MacleodWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the early-1980s. There are enough similarities with the post-Bretton Woods era of the 1970s to give us some guidance as to how markets are likely to evolve in the foreseeable future.The chart above says much. Last week, the yield on the 10-year US Treasury b...Read More
VANCOUVER, British Columbia, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company", is pleased to announce that it has signed Definitive Agreements to acquire the 3,450 hectare Atlantida Copper-Gold Project ("Atlantida" or the "Project") in Chile's 3rd Region. Atlantida is an advanced project which combines mi...Read More
STATE of EMERGENCY: FL / NC / SC / GA: Hurricane Michael (2018) Makes Landfall in Panama City FL - 155 MPH Winds - CAT 4.Axel Merk, head of Merk Investments returns to the show after a two year hiatus with a unique and positive outlook on the gold sector. Merk Investments is monitoring the yield curve closely; while inversions typically mark recessions, occasional false signals are still possibl...Read More
By Avi GilburtRising interest rates are good for metals. Rising interest rates are bad for metals. We have heard the arguments from both sides. In fact, I think it is no different when people claim inflation is good for gold relative to those who believe deflation is good for gold.Personally, I don't think either side is correct, as we have seen periods of time where both sides were seemingly co...Read More
The bears have awakened. Dow dropped 3.6 percent. Are bears friends of gold? What Happened? Yesterday, U.S stocks experienced their worst performance since February. The Dow Jones closed down 831 points, or 3.6 percent. It was its second worst day of the year, as one can see in the chart below. Chart 1: Dow Jones over the last twelve months. The bears did not spear the S&P500. The index plun...Read More
By Avi GilburtI have been hearing for years how gold is manipulated to go down, and is expected to rise when allowed to trade freely. So, according to these manipulation theorists, gold is really only supposed to move in one direction and would never see any corrections.Yes, I know that sounds ridiculous, but this is a perspective in the market. And this is why so many were not able to foresee t...Read More
- Gold gains 2.5% as stock markets fall globally- EuroStoxx -2%, FTSE -1.9%, Nikkei -4%, Shanghai -5.3%- Gold, silver outperform all assets in stock market rout- Trump accuses Fed of going "crazy" by continuing to raise rates- Huge spike in VIX and volatility on deepening concerns of market correction or crash1 Day Relative Performance (Finviz)Gold has gained 2.5% today on safe-haven demand as...Read More
?>>?Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College summa cum laude holdin...Read More
A funny thing happened in the middle of one of Mike Maloney's deep-research sessions recently. As you know, he just released a brand new presentation, but while analyzing the stock market he wasn't satisfied with the way most valuation measures were calculated. With all due respect to Warren Buffet, even his indicator fell short in Mike's view. It was time for something new, something more insight...Read More