Recent News

'The risk takers have gone': Junior gold companies irked by bitcoin and cannabis stocks' hotness

January 01, 1970 / business.financialpost.com

On Tuesday morning, Chris Haldane, of Marathon Gold Corp., was looking at the price of gold and looking at his stock price: Gold had climbed US$17 per ounce, but the company stock was barely moving."It just seems like the junior gold space has gone into a pause mode," said Haldane, who handles investor relations for Marathon, and had just issued a press release touting positive drill results for i...Read More

Women live healthier, longer and more independently in countries with higher levels of economic freedom

January 01, 1970 / www.fraserinstitute.org

Economic freedom, the ability of individuals to make their own economic decisions, is key to economic and social progress. Hundreds of academic studies have shown that economic freedom leads to higher rates of economic growth, higher levels of income, increased trust and honesty in government, protection of civil liberties, reductions in poverty, and improvements in health and educational outcomes...Read More

Gold Seeker Closing Report: Gold and Silver Chop Near Unchanged

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45%  The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the c...Read More

How Mattresses Went Online and How To Profit From Them

January 01, 1970 / avalaresources.com

The idea of selling mattresses online has remained largely ignored for decades, which is not really surprising. If you think about it, shipping these bulky and huge beddings seem like a ridiculous idea with how unwieldy they are. It's not like you can just squish them into a box, ship them off and be done with it. Traditionally, to get mattresses delivered, you'll need to have burly guys carry the...Read More

'Bad policy': Commodity producers push back against calls for Ottawa to intervene in grain backlog

January 01, 1970 / business.financialpost.com

OTTAWA — A coalition of business associations are urging Ottawa not to intervene in a months-long backlog of grain shipments, saying the move would only cause widespread delays for other commodity shippers on Canada’s highly integrated rail system.In a letter obtained by the Financial Post Tuesday, a coalition of seven business associations urged Transportation Minister Marc Garneau to...Read More

The fifth-largest diamond in history sells for $40 million

January 01, 1970 / business.financialpost.com

One of the biggest diamonds found to date has been sold for US$40 million.The 910-carat Lesotho Legend was sold in a tender in Antwerp, Gem Diamonds Ltd. said Tuesday. The company found the stone, which is about the size of two golf balls, at its Letseng mine in the African country this yearWhile it’s the most Gem has yet received for a diamond, other companies have sold for more. Lucara Dia...Read More

Trudeau floats tariffs to prevent flood of steel through Canada

January 01, 1970 / business.financialpost.com

Prime Minister Justin Trudeau said Canada could use tariffs to fight any “increased pressure” of steel dumping into Canada aimed at circumventing new U.S. restrictions.The tariffs Donald Trump unveiled last week could prompt steel to be shipped instead through Canada to skirt the levies, Trudeau said Tuesday at an ArcelorMittal Dofasco plant in Hamilton, Ontario. The prime minister is...Read More

Ontario needs more than one year of improved economic growth to make-up for stagnant decade

January 01, 1970 / www.fraserinstitute.org

SummaryBetween 2007 and 2016, Ontario was mired in a prolonged period of economic weakness during which it lost ground compared to the rest of the country on many important economic indicators.This bulletin examines the extent of Ontario's economic weakness during this decade by examining a range of economic metrics.Ontario underperformed the rest of the country in each of the metrics examined in...Read More

Gold rush in -24 C as $368 million in gold bars falls off plane in Siberia

January 01, 1970 / business.financialpost.com

MOSCOW — There was a gold rush in Siberia Thursday when the hatch of a cargo plane accidentally flew open upon takeoff — scattering tons of gold bars on the runway, Russian news reports say.An AN-12 plane operated by the airline Nimbus took off for Krasnoyarsk carrying 9.3 tons of gold and other precious metals, said to be worth $368 million, according to a statement from the state Inv...Read More

'Ironic twist': #MeToo strikes mining industry in its own way after PDAC scraps panel on women

January 01, 1970 / business.financialpost.com

Maria Ezpeleta was planning to fly to Toronto earlier this month to speak about the impact of mining projects on women when she heard the news: The panel session, on "tackling gender bias" in the mining sector, was called off.In an ironic twist, the discussion of gender bias had been ensnared by #MeToo - the growing movement to stop sexual harassment - because new accusations were surfacing again...Read More

Gold miner Klondex jumps 61% on merger news as junior space heats up

January 01, 1970 / business.financialpost.com

A flurry of new deals announced Monday suggests that mergers and acquisitions among junior mining companies, particularly in the gold space, could be heating up after several slow months.In the biggest mining deal announced so far this year in Canada, the 127-year old Idaho-based Hecla Mining Co. proposed what it estimated as a US$462 million cash-and-share acquisition of Nevada-based Klondex Mine...Read More

'Like a Yukon gold rush': Marijuana is the new gold as former mining companies go to pot

January 01, 1970 / business.financialpost.com

Turns out, it may be easier to strike gold by growing green.Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup public, advisers suggested partnering with Newstrike Resources Inc., a Toronto-based firm that had been looking...Read More

Why Silver and Gold will go up, and by How Much

January 01, 1970 / silverstockreport.com

The government is spending $1500 billion more per year than they are getting in taxes. They are not borrowing this money; they are printing it. There is no political will to fix the problem. The "Occupy Wall Street" protests are about a protest against the Wall Street bailouts, but also, it's about the 99% wanting more government handouts than they are already getting, and already 43 milli...Read More

Peak Oil or Peak Silver?

January 01, 1970 / silverstockreport.com

There is a 50 year supply of oil in the ground, but only a 13 year supply of silver. This means that if peak oil is true, then peak silver is more true, that we will run out of silver, first. If that happens, you can forget about peak oil, because without silver, we won't have any computers or electronics to be able to go out and explore for, or pump, or deliver, any oil.But wait, see, 10 year...Read More

Canada's health-care system stands in stark contrast to more successful universal systems around the world

January 01, 1970 / www.fraserinstitute.org

Canada has one of the most expensive universal health-care systems in the developed world. However, there is an imbalance between the value Canadians receive and the relatively high amount of money they spend on their health-care system. Of particular concern is the fact that Canada has significantly fewer physicians and acute-care beds, and also ranks poorly for the availability of important medi...Read More

Why World Central Banks Hold Gold - In their Own Words.

January 01, 1970 / www.bullionstar.com

Collectively, the central bank sector claims to hold the world's largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.This worldwide central bank group, also known as the official sector, spans central banks (suc...Read More

UPDATE 1-Zambia targets one million tonnes copper output this year

January 01, 1970 / in.investing.com

(Adds quotes, details)LUSAKA, March 20 (Reuters) - Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday.Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the me...Read More

Gold / Silver / Copper Prices - Weekly Outlook: March 19 - 23

January 01, 1970 / in.investing.com

Investing.com - Gold prices fell on Friday to settle at their lowest level in two weeks as the dollar remained supported by expectations for a rate hike at the upcoming Federal Reserve meeting this week.Gold futures for April delivery settled down 0.27% at $1,314.20 on the Comex division of the New York Mercantile Exchange. It was the lowest close since March 1. For the week, prices were down 0.88...Read More

GLOBAL MARKETS-Markets watchful as U.S. turmoil tests investors' nerves

January 01, 1970 / in.investing.com

(Adds US stock index futures, updates prices)* Stocks waver after three days of losses* World stocks set for weekly loss despite record inflows* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eased on Friday as...Read More

GLOBAL MARKETS-Markets watchful as fresh U.S. turmoil tests investors' nerves

January 01, 1970 / in.investing.com

* World stocks waver after three days of losses* European shares livened up by dealmaking, set for weekly loss* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Weaker dollar lifts copper prices, oil edges up* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eas...Read More

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