Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold is unlikely to breakout now. In fact, if Gold were to correct here the gold stocks could threaten support and...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
European zinc premiums dropped into a wider range, which reflects a retreat by traders from physical positions, while Asian markets held steady in quiet Lunar New Year holiday trading. European zinc market splits, some stockholders offload tonnes. Backwardation comes in but some offers for units in Rotterdam $10 lower. Asian markets quiet for Lunar New Year holidays US premiums unchanged but freig...Read More
Nickel was again the star performer on the London Metal Exchange at the 5pm close on Wednesday February 21, ending with gains of more than 2%.The three-month price recovered $235 per tonne from its previous closing level after significant declines earlier this week - the metal is looking to push back up to $14,000 per tonne."Rising premiums signal demand remains robust, while the limited nature of...Read More
A colleague of mine pointed out that Trump has not been tweeting his flatulence about the economy recently. This thankful hiatus is after he just passed a tax cuts and a spending budget that is supposed to be stimulative. As it turns out, the economy is hitting the headwinds of marginally higher interest rates and a consumer that is bulging from the eyeballs with debt. Windfall tax rebat...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
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