Bob Moriarty ArchivesFeb 21, 2018 Novo shares are going to be on the sales rack from now until March 8th with about 3 million warrants at $.85 expiring then. It's perfectly normal for warrant holders to sell shares in order to exercise the warrants. For the past three weeks about 300,000 to 400,000 shares per day have traded on average. Selling warrant holders don't need to sell one share for each...Read More
Unseasonably strong demand in China propelled low grade manganese ore prices higher, while alloy markets flatlined everywhere but the United States. Low grade manganese ore price gained 32 cents per dmtuHigh grade manganese ore prices lag Alloy prices static in China, India and EuropeAlloy prices strengthen in the US while supply tightens Low grade manganese ore prices kept rising on Fr...Read More
NuLegacy Gold (NUG.V) has provide more specifics on its widely-anticipated 2018 drill program on the Red Hill property in Nevada. The company expects to get back in the field for a 12,000 meter drill program in March with a specific focus on discovering new gold zones.This announcement isn't entirely unexpected after what could best be described as a 'very successful exploration season' in 2017, w...Read More
Aztec Minerals (AZT.V) is working through a 15 hole drill program at its Cervantes copper-gold project in Mexico's Sonora state, and the drill results of the first few holes are very encouraging. Whilst hole 1 and 2 didn't return any significant metal values (not unexpected, considering this is the first drill program on the property, so the hit rate wasn't expected to be high) whilst hole 4 did c...Read More
Tesla electric automobiles utilize lithium-ion batteries. Photo courtesy Tesla, Inc.It is no secret that speculation in the mineral exploration is currently being driven by optimistic forecasts about the market penetration of electric vehicles and the future impact on demand for lithium ion batteries. That, in turn, is driving investor interest key battery ingredients, including lithium, cobalt an...Read More
Merger and acquisition activity in lithium, copper and cobalt is expected to feature high on the agenda of management teams across the industry given the buzz around new world critical minerals, according to a report by consultancy group EY. Environmental regulations and the electric vehicle (EV) revolution ignited various players to consider investment into the future supply of commodities used i...Read More
Cannabis Wheaton Income Corp. (TSXV:CBW) announced recently a joint venture to develop 1.4 million sq. ft. of greenhouse space in the Leamington areaSmallCapPower | February 21, 2018: Cannabis Wheaton Income Corp. (TSXV:CBW) announced Friday that it has inked a joint venture agreement with Peter Quiring via a newly-formed subsidiary "GreenhouseCo" to develop a purpose-built greenhouse for cannabi...Read More
The Guyana Goldfields Aurora gold mine in northwest Guyana, South America. Source: Guyana Goldfields Inc.Guyana Goldfields is a Canadian mid-tier gold producer, primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and nor...Read More
Glencore is positive on the outlook for copper, zinc, nickel and cobalt amid optimism over growth in the electric vehicle (EV) market, while its net income jumped more than four-fold to $5.78 billion in 2017 on higher commodity prices."The electric vehicle upheaval continues to unfold, with the scale of market penetration and investment by battery and automotive manufacturers and infrastructure pl...Read More
The Tahoe Resources La Arena gold mine 480 km northwest of Lima, northern Peru. The La Arena II Project is adjacent to the mine. Source: Tahoe Resources Inc.Tahoe shares rose 4.37% or $0.22 to $5.26 on Wednesday February 21.The company said it expects to continue its evaluation of La Arena II Project with the intent of advancing it to a pre-feasibility or feasibility stage. The timeline and estima...Read More
As stocks tumbled, gold rallied…Copyright and other rights (C) 2018 World Gold Council. All rights reserved. World Gold Council and the Circle device are trademarks of the World Gold Council or its affiliates. All references to LBMA Gold Price have been provided for informational purposes only. ICE Benchmark Administration Limited accepts no liability or responsibility for the accuracy of t...Read More
Turkish steel mills paused their deep-sea scrap purchasing activity on Wednesday February 21 after news broke of the delivery of the Section 232 report in the United States, according to market sources.The mills in the country were expected to book more cargoes for March but they have slowed down their transactions and have booked only one cargo since the US Department of Commerce delivered its re...Read More
Location Map.Mustang Minerals Corp. (TSX-V: MUM) announced that it has acquired the mineral rights to several lithium and rare metal bearing pegmatites located immediately adjacent to its Mayville claims which are part of the Makwa Mayville Nickel-Copper-Cobalt-PGM property in south eastern Manitoba. Mustang has optioned 100% of the mineral rights from Tantalum Mining Corporation of Canada Ltd....Read More
Listen to or Download the podcast on Sovereignman.comOn the morning of May 18, 1927 in Bath Township, Michigan, a 55-year old municipal worker named Andrew Kehoe used a timed detonator to set off a bomb he had planted at the local school.Kehoe was Treasurer of the School Board, so he had unfettered access to the school.According to friends and neighbors, he was having personal issues with his wife...Read More
Comex copper prices were in negative territory on Wednesday February 21, with a stronger dollar and lack of market action weighing on base metals prices generally.Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 0.9 cents or 0.3% to trade recently at $3.1815 per lb."The USD continues to be the main game in town as its recent rally continues ahead of some key...Read More
Via Sovereignman.comIf you've been following much international news, you've probably heard that, after literally years of scandal, abuse, and incompetence, South Africa's president Jacob Zuma was finally forced to resign last week.This is a big deal for South Africa.The country has been suffering for nearly a decade under Zuma's corruption.And people are certainly hoping that the new President, C...Read More
WhipsawedFrank Roellinger has updated us with respect to the signals given by his Modified Ned Davis Method (MDM) in the course of the recent market correction. The MDM is a purely technical trading system designed for position-trading the Russell 2000 index, both long and short (for details and additional color see The Modified Davis Method and Reader Question on the Modified Ned Davis Method)....Read More
The metals prices on the London Metal Exchange are mixed this morning, Wednesday February 21, with nickel and tin prices firmer by 0.4%, while the rest are lower by between 0.1% and 0.5%. Copper prices are off 0.1% at $7,068 per tonne. Volumes remain light with 1,862 lots traded as of 07:05 am London time - we expect this to change tomorrow with China returning from the Lunar New Year holiday...Read More
Economic Activity Seems Brisk, But...Contrary to the situation in 2014-2015, economic indicators are currently far from signaling an imminent recession. We frequently discussed growing weakness in the manufacturing sector in 2015 (which is the largest sector of the economy in terms of gross output) - but even then, we always stressed that no clear recession signal was in sight yet. US gross outpu...Read More
CloseGain/LossGold $1324.50-$6.20Silver$16.48+$0.01XAU80.51-0.39%HUI178.65-0.19%GDM611.03-0.78%JSE Gold1147.05-5.55USD90.05+0.34Euro122.92-0.45Yen93.03-0.34Oil$61.68-$0.1110-Year2.936%+0.055T-Bond142.6875-1.1875Dow24797.78-0.67%Nasdaq7218.23-0.22%S&P2701.33-0.55% The Metals: Gold dropped $5.20 to $1325.50 in late Asian trade before it rallied up to $1332.90 in midmorning New York trade and...Read More