Gold Stocks? Just let investors sell their gold shares if they want to! Wise and prudent advice? Three weeks ago I was speaking to a very successful and exceptionally wealthy investor whom I have known for many years. He has made substantial profits by investing in gold and gold mining stocks-including the small cap "juniors." As well, he was and has always been a "bottom fisher" i...Read More
Gold is suddenly back in favour and investors are wondering if the recent surge is the start of a new extended bull market.Let's take a look at the current situation and see if this is the time to buy Barrick Gold (TSX:ABX)(NYSE:ABX), the world's largest producer.Fear tradeGold is back in vogue, as investors dump high-flying stocks and rush into safe-haven alternatives. Gold's appeal as a place to...Read More
Three attractive industries; one somewhat bemused stock market: these are three of the riskiest ways to invest in the TSX index. Which do you hold positions in, and which have caught your eye lately?Legal Canadian potTo get behind a weed bears' tongue-in-cheek phrase, the pot-com bust is almost certainly about to happen - and very, very soon. As of October 17, disappointment with lower-than-expect...Read More
Mesquite gold mine in California. Photo source: New Gold Inc.Equinox Gold Corp. [EQX-TSXV; EQXGF-OTC] said Friday October 12 that it has closed the US$75 million equity financing for the acquisition of the Mesquite gold mine in southern California from New Gold Inc. [NGD-TSX, NYSE American]. News of the acquisition was announced on September 19, 2018.The financing was comprised of brokered and non...Read More
The Detour Lake Mine in northern Ontario. Source: Detour Gold Corp.Detour Gold Corp. [DGC-TSX] on Friday October 12 released details of an offer that aims to settle a dispute with dissident shareholder Paulson & Co., which has been pressing for wholesale changes to the Detour board as well as the outright sale of the company.In a press release, Detour said it has chosen to release details of t...Read More
CALGARY - A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that many producers are losing money on every barrel sold into the spot market.Analyst Matt Murphy of Tudor Pickering Holt & Co. says recent headlines have been focused on the falling value of the Western Canada Select price, but that measure is for a blend of heavy, sticky bitumen and...Read More
Unless you've been investing from under a rock, you know the two hottest investments of the past two years have been cryptocurrency and legal cannabis.But have you considered what these markets have in common?A few things, actually.They're both brand-new markets considered to be alternative investments. They're both being driven by hype and speculation. And both seem to appeal to younger investors...Read More
Perseus Mining Limited (ASX/TSX: PRU) is a diversified West African-focused gold production, development and exploration company, producing gold from its two mines in Ghana and C??te d'Ivoire, and developing the third gold mine in C??te d'Ivoire. Perseus' growth strategy aims to transform the Company into a 500,000-ounce per year gold producer, with three operating mines in West Africa by 2020. We...Read More
Colorado School of Mines has been awarded funding from the U.S. Department of Energy to develop an artificial intelligence-enabled robot capable of inspecting and repairing power plant boilers.Hao Zhang, assistant professor of computer science, is the primary investigator on the project, which will receive $400,000 over three years from the DOE's Office of Fossil Energy."Our goal is to develop an...Read More
Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.BEAR CREEK MININGBear Creek Mining (TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.The Vancouver-based junior describes its flagship, w...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company is already part-way through constructing an underground mine.The PEA consists of two phases. The first would cost an initial US$592 million and include a plant capable of processing 33,500 tonnes per day. It wou...Read More
Many countries issued dollar-denominated debt to bolster their economies as we emerged from the 2008 financial crisis.But now that the dollar is strengthening against their weakening currencies, those debt levels are becoming more burdensome.The end result is likely to be a wave of defaults and bailouts that echo similar collapses in Greece and Cyprus.So far this year, India's rupee is down 12.5%,...Read More
"The price of gold fell almost 5 percent in the third quarter, dipping below the US$1,200-per-ounce mark in mid-August, where it would stay for the majority of Q3. https://t.co/7GDXmHSK9v #Investing #Resource #Gold"Read full newsRead More
"Not sure whats happening with marijuana and the US Border? Check out the official Statement here : https://t.co/wqXmK2hI2H (It was updated two days ago)#marijuana #cannabislaws #canadianmarijuana #potstocks"Read full newsRead More
CloseGain/LossGold $1222.70+$29.60Silver$14.55+$0.25XAU69.97+6.80%HUI154.20+7.40%GDM550.29+6.40%JSE Gold1155.96+107.41USD95.02-0.52Euro115.98+0.75Yen89.21+0.27Oil$70.97-$2.2010-Year3.144%-0.050T-Bond138.71875+1.46875Dow25052.83-2.13%Nasdaq7329.06-1.25%S&P2728.37-2.06% The Metals: Gold held near unchanged for most of the day in Asia, but it then began a steady advance in London, accelerated...Read More
- Gold gains 2.5% as stock markets fall globally- EuroStoxx -2%, FTSE -1.9%, Nikkei -4%, Shanghai -5.3%- Gold, silver outperform all assets in stock market rout- Trump accuses Fed of going "crazy" by continuing to raise rates- Huge spike in VIX and volatility on deepening concerns of market correction or crash1 Day Relative Performance (Finviz)Gold has gained 2.5% today on safe-haven demand as...Read More
"Arctic Star Exploration Corp. Stakes 8 New Claims at Diagras Property -- #ArcticStar $ADD $ADD.CA $ADD.V #Timantti @ArcticStarExpl #Finland #Diamond #Mining --Read the News Release here: https://t.co/DwjtFXEETL"Read full newsRead More
"Montr?(C)al accueillera un sommet sur l'intelligence artificielle -- #ADK $ADK #Diagnos @DiagnosInc #AI #eyehealth #Diabetes #Retina #CHUM #artificialintelligence #health #medicalAI $IBM $GOOG -- Lisez l'article ici: https://t.co/GPOuMmr9so"Read full newsRead More
"HAWKEYE Acquires an Additional 1,360 Hectares Contiguous to the McBride Property in the BC Golden Triangle @GoldHawkeye https://t.co/6waYZY0oxH"Read full newsRead More
"Are Republicans Going Green? Pot CEO Meets with Lawmakers in D.C. -- $CROP @CROP_CSE #Cannabis #California #CRXPF #CropCorp #CSE #BNN #MarijuanaStocks #Potstocks #hemp #CBD #smallcap-- Read the Article here: https://t.co/7xUQdZcooh"Read full newsRead More