In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities...Read More
On March 16, Tesla Inc (NASDAQ:TSLA) took the internet by storm, revealing its long-anticipated Model Y, a fully-electric crossover with up to 300 miles of range. This model, of course, follows the Model 3, which quickly saw more than 250,000 pre-orders.If you watched the Tesla livestream during which Elon Musk unveiled the Model 3, you would have noted how the company views itself as the saviour...Read More
One of the first places investors turn when the market is looking uncertain is gold, and with prices of the yellow stuff set to rise in 2019, it seems as good a time to check out what's on offer as any. Let's see how some of the best Canadian metals and mining stocks are doing on their market fundamentals right now, as well as in a few other areas of pertinent data, such as outlook and balance sh...Read More
With more and more economists talking about the dreaded R-word — recession — along with the weakening housing market and record consumer indebtedness, investors are right to be concerned. But we should not use this as a reason to be scared of investing.Over the long term, we have seen time and time again that markets rise and that remaining invested is the right choice. But we need to...Read More
Commodity companies now trade at valuations that are extremely attractive, often at very low price-to-earnings (P/E) ratios or below book value. The investing world is littered with the corpses of commodity investors. Therefore, investors either need to be willing to hold these stocks for the long term or get out while the getting is good.A global recession could decimate commodity stocksDuring a...Read More
The mining industry has been in a winner-take-all mode over the past few years.For example, the S&P/TSX Global Mining Index has been roughly flat over the past five years, eking out an increase of a few percentage points over the past 12 months. However, that index is almost completely comprised of huge companies with large-cap market sizes.Smaller mining stocks have slipped through the crac...Read More
"No more rate hikes period...rate cuts to begin sometime this spring...tapering the balance sheet taper starting in May...QT ends in September even though our balance sheet has only been reduced by roughly 10% of the amount of money we printed...Quantitative Easing aka "money printing" to resume in October...our hidden dot plot shows that you should buy as much physical gold as you can afford an...Read More
Under a C$2.5 million (US$1.9 million) subscription agreement announced yesterday, Kinross will acquire 12.5 million shares in Wolfden at C20c each. Wolfden released an indicated 2.Read More
The uranium-rich Athabasca Basin of northern Saskatchewan. Source: Azincourt Energy Corp.Azincourt Energy Corp. [AAZ-TSXV; AZURF-OTC], said Wednesday March 20 that it has launched a Phase one drilling program at its East Preston uranium project in the western Athabasca Basin of northern Saskatchewan.Azincourt is currently earning towards a 70% interest in the 25,000-hectare Eastern portion of the...Read More
IAMGOLD'S Westwood gold mine 40 km east of Rouyn-Noranda, Quebec. Source: IAMGOLD Corp.IAMGOLD Corp. [IMG-TSX; IAG-NYSE] said Wednesday March 20 that the workforce at its Westwood Gold Mine in Quebec will be reduced by 32%, through a process which commenced this week.The decision results from both planned reductions due to the stage of mine development as well as realignment reductions due to the...Read More
Core Gold's Portovelo CIP processing plant in Ecuador. Source: Core Gold Inc.Core Gold Inc. [CGLD-TSVV; CGLDF-OTCQX] has clarified the circumstances surrounding the recent termination of its former President and CEO Keith Piggott, for cause. The company said in press release it was issuing the clarification in response to stakeholder inquiries.Core said Piggott was initially put on notice by the c...Read More
U.S. Gold Corp. (NASDAQ: USAU) is a U.S. focused junior gold exploration and development company with two flagship assets: The Copper King gold-copper-silver-zinc project located in Southeast Wyoming, and the early stage Keystone exploration property on the Cortez Trend in Nevada, 10 miles south of Barrick Gold's Cortez Hills Mine. We learned from Edward Karr, President, CEO and Director of U.S. G...Read More
When it comes to investing in oil, I know it's easy to get caught up in the excitement.Imagine being witness to one of the famous Texas gushers from the early 20th century.The Lucas Gusher, which spewed hundreds of thousands of barrels over 150 feet into the air at Spindletop, is the stuff of legend and has become an indelible image in our history books.But if you think those Texas oil booms are a...Read More
At PDAC 2019, we learned from Mark Jarvis, President and CEO of Giga Metals Corp. (TSX.V: GIGA, OTC: HNCKF, FSE: BRR2), that they are currently advancing their world class Turnagain nickel-cobalt project to the pre-feasibility study stage. Giga Metals recently sold a 2% NSR on future cobalt and nickel production at the Turnagain Project to Cobalt 27 Capital Corp. (TSX.V - KBLT) for US$1 million in...Read More
Colorado School of Mines continued its traditional strong showing at the annual meeting of The Minerals, Metals and Materials Society, winning the Materials Bowl and taking second place in the Bladesmithing Competition.Metallurgical and materials engineering students made up the team that won the Materials Bowl, a materials-themed knowledge and trivia competition that has been held yearly since 20...Read More
**UPDATE 4/10/19: Marv Kay Day location change - The Mines community will now be celebrating in the recreation gymnasium in the Student Recreation Center.**The generosity, leadership and influence of Marv Kay '63 is felt far and wide by the Mines community and beyond. Celebrate Kay's induction to the Colorado Sports Hall of Fame and all he has done and continues to do for the university to enhance...Read More
Global iron ore markets are under great stress in the wake of Vale's horrific tailings-dam disaster near Brumadinho in Brazil, which has resulted in 10% of the world's iron ore production being removed from the market.Matt SimpsonIron ore expert Matt Simpson, co-founder and CEO of junior Black Iron (TSX: BKI; US-OTC: BKIRF) and CEO of merchant bank Forbes & Manhattan, joins the podcast to explain...Read More
Continental Gold (TSX: CNL; US-OTC: CGOOF) has announced a discrete resource estimate for the Broad Mineralized Zone 1 (BMZ1) in the central-west portion of the Yaragua system at its Buritica gold project in Antioquia, Colombia.The zone contains 828,870 measured and indicated tonnes grading 14.15 grams gold per tonne and 22.9 grams silver for 377,000 oz. gold and 611,000 oz. silver. It also contai...Read More
Now that hemp-derived cannabidiol (CBD) is legal in the United States, the scramble is on to secure market share.It's legal because hemp contains little Tetrahydrocannabinol (THC) - the stuff that gets you high.As of December 20, 2018, as long as it's less than 0.3% THC, Uncle Sam says it's ok.The money is moving in.Last fall, Canopy Growth (NYSE: CGC)(TSX: WEED) paid C$429 million to acquire Ebbu...Read More
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