We hope Mr. Jerome Hayden Powell enjoyed his first day on the job…After the Dow plunged an ominous 666 points Friday - and over 1,000 for the week - the Dow ended today 1,175 points lower.It was down 1,500 at one point.The S&P also plunged 113 crimson points today.The Nasdaq, 273.For these past boozy years investors have "bought the dip" after every substantial sell-off.Today... they did...Read More

It's been a rough ride recently for crypto traders.As of this morning, 49 out the largest 50 cryptocurrencies by market cap were in the red over the past 24 hours, according to Coinmarketcap.com.The No. 1 crypto, bitcoin, has dropped over 60% since its meteoric rise to $19,343 in mid-December.As I write, the coin is sitting at $7,360.Fast action, speculation and the dream of striking it rich spurr...Read More

“It's not real money!”My coach was now yelling over the sound of the wind through my helmet and our bike wheels humming on the road...“Can you buy Dunkin Donuts with Bitcoin? How about a new tire for your bike? If you can't buy stuff with it, it's not real money!”For the last two weeks, our triathlon team has had a spirited debate over Bitcoin and whether it's a fad or here...Read More

We have a stock market bubble.That's what former Fed Chair Alan Greenspan told Bloomberg TV last Wednesday during a second day of what turned out to be the beginning of a jarring market pullback.Jim Paulsen sees the possibility of a 15 percent correction. Goldman Sachs said conditions point to a correction of 10% to 20% in the next few months. After Friday's big drop, I suspect more prognosticator...Read More

Exiting 2016, GORO's most promising deposit, the Switchback, had a strike length of 300m and P&P reserves of 203,500 tonnes.Drilling through 2017 and into January of 2018 has tripled the strike length and greatly increased confidence in the continuity and commercial value of the deposit.The idea that the Switchback may be a larger deposit than GORO's cash cow Arista deposit is now very...Read More

Exiting 2016, GORO's most promising deposit, the Switchback, had a strike length of 300m and P&P reserves of 203,500 tonnes.Drilling through 2017 and into January of 2018 has tripled the strike length and greatly increased confidence in the continuity and commercial value of the deposit.The idea that the Switchback may be a larger deposit than GORO's cash cow Arista deposit is now very...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange dropped 8.45 points to 803.23 Monday, comparatively a stellar performance. Jeffrey Sharpe's NEX-shell Movit Media Corp. (MV: $0.15) has a new deal. The company is planning to roll back 1 for 12.5, and then issu...Read More

Lloyds joins U.S. banks in prohibiting purchases with cardsValue of the biggest cryptocurrency drops by as much as $1,990Bloomberg's Ed Robinson reports on crashing Bitcoin prices.Bitcoin tumbled for a fifth day, dropping below $7,000 for the first time since November and leading other digital tokens lower, as a backlash by banks and government regulators against the speculative frenzy that drove...Read More

Gold has rallied strongly off the December bottom.However, gold appears to have stalled, and is now at risk of reversing.There are plenty of favorable fundamental factors surrounding gold right now, but are they enough to overcome the headwinds?The bottom line: the gold bull market that started 2 years ago has only just begun.Source: Pocketsense.com The Gold Bull Market Is Just Getting Started SP...Read More

ASX: WAFwww.westafricanresources.com Mr. Richard Hyde reports:Scarborough, WA / February 6, 2018 / JMN Wire / Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.HighlightsHigh-grade results from depth at M1 South include;TAN17- DD174A 14m at 39.33 g/t Au from 448.5m incl...Read More

Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions.Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but domes...Read More

The latest news and price moves to start the Asian day on Tuesday February 6.Base metals prices on the London Metal Exchange were mostly higher at the 5pm close on Monday February 5, although lead again bucked the trend. Read more in our live futures report.Here are how LME prices looked at Monday's close:Peru's copper production grew nearly 4% in 2017 thanks to higher output at the MMG's Las Bamb...Read More

Russia has today brought unit 1 of the Leningrad Phase II nuclear power plant to the minimum controllable power level, state nuclear corporation Rosatom has announced. The reactor vessel for the unit, which is in Sosnovy Bor in western Russia, was installed on 30 November.Leningrad plant workers mark the milestone (Image: Rosatom)The existing Leningrad plant site has four operating RMBK-1000 units...Read More

Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More

The benchmark Rotterdam duty-unpaid premium touched a fresh one-year high of $100-107 per tonne on Monday February 5, fuelled by a surging US Midwest premium. The aluminium P1020A in-warehouse Rotterdam, duty-unpaid premium touched highs of $105 per tonne in February 2017. Participants short of material and some who want to ship metal to the Midwest, where the premium is at a four-y...Read More

Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More

Yesterday was amusing. The meat with mouths on the so-called financial networks were crying, "how could this have happened." Funny thing, that. They don't raise the slightest doubt of conviction when the Dow soars 2,676 points in less than two months - 23,940 on November 29th to 26,616 on January 26th. But when the market takes back that move in 6 trading days it's a problem that Congr...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 6, 2018The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.I’ve announced a long term target for GDX of $15,000. That really isn’t very high... given the strong inflation num...Read More

The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More

We have seen the initial stage of a bull market in gold and other hard asset commodities which beginning in 2015 has already carried some small to mid cap gold stocks up 800% and more. But the majority of mining and exploration stocks have languished. Yet at the same time experienced shrewd investors have been accumulating the mining shares. The price weakness has offered patient value oriente...Read More