Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.Read full newsRead More
Outflows of North American gold-backed exchange traded funds (ETFs) rose in May, as volatility in the gold market dragged prices lower, the World Gold Council said on Wednesday.The ETFs lost nearly 30 tonnes worth $1.2 billion, compared with inflows of 43.7 tonnes worth $1.9 billion in April, as the dollar in which gold is priced rose and prospects of higher U.S. interest rates made gold less attr...Read More
Angola, the world's fifth-largest diamond producer, is working on easing up its restrictive legislation over the industry in order to attract more foreign investment, up production and secure higher government revenue.The country has historically had in place limiting rules over diamond operations, including not allowing foreigners to hold a majority stake and a requirement to sell all precious s...Read More
Goldcorp Inc. (TSX:G)(NYSE:GG) is down 0.66% today to $18.07, which may have some folks eyeing the stock in light of its recent announcements. Meanwhile, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) is up 0.28% to $7.20, as silver stocks continue to oscillate. But like most silver stocks on the TSX, it's still fairly cheap.So, are these stocks a buy? Let's take a closer look.Can junior miners of...Read More
Canadian steel stocks took a beating after the White House announced that it would impose tariffs on steel imports of 25% on Canada and other key allies. This represented another stage in what has been a roller-coaster year for the industry. The Trump administration had originally exempted Canada from steel tariffs, but elected not to extend the exemption after NAFTA talks failed to net a deal in...Read More
'Buy high, sell low, repeat until broke' is an emotional investment strategy best left to lemmings. The MoneyLetter's behavioural finance columnist Ken Norquay says feeling emotions is okay: reacting to those emotions is not okay.Most of the time, our investment minds do what they have always done and think what they have always been thinking. But every once in a while some unexpected financial jo...Read More
The seaborne thermal coal market's recent strength is expected to continue, with significant supply constraints adding to a positive demand outlook."Rumours of coal's death are premature", according to Jefferies analysts06 JUNE 201806/06/2018commentsshare Jefferies analysts lead by Christopher LaFemina said "rumours of coal's death are premature" and they increased their seaborne price f...Read More
US Cobalt's Iron Creek Project in the Idaho Cobalt Belt. Source: First Cobalt Corp.First Cobalt Corp. [FCC-TSXV; OTCQB-FTSSF; FCC-ASX] recently enhanced its position as a pure-play North American cobalt company by acquiring all of the issued and outstanding shares of US Cobalt Inc. [USCO-TSXV, USCFF-OTCQB].The deal puts First Cobalt in a position to benefit from protectionist trade policies rather...Read More
The Lac Gueret Graphite Project in northern Quebec. Source: Mason Graphite Inc.Mason Graphite Inc. [LLG-TSXV; MGPHF-OTCQX] said Wednesday June 6 that it has received the main environmental permit for its Lac Gueret Project in northern Quebec.Mason is a graphite mining and processing company focused on developing the Lac Gueret Project where the graphite grade is believed by management to be among...Read More
The Copper Mountain copper-gold mine near Princeton, southwest British Columbia. The mine is 75%-owned by Copper Mountain Mining and 25% owned by Mitsubishi Materials Corp. Photo courtesy Copper Mountain Mining Corp.On 18 April this year, copper-gold producer Copper Mountain Mining Corp. [CMMC-TSX; C6C-ASX] completed a significant transaction by closing its acquisition of the Queensland focused Al...Read More
CALGARY - The CEO of Suncor Energy Inc. says it will continue to avoid spending on large growth projects in Canada despite the federal government's move last week to purchase the Trans Mountain pipeline system and its stalled expansion from Kinder Morgan Canada Ltd.The $4.5-billion sale to ensure the project is built doesn't change his view that Canada is falling behind other nations, notably...Read More
January 13, 2017.Keep that date firmly ingrained in your mind after you cash out on the next resource war.That was the day H.R. 520 was introduced to the 115th Congress. But to be fair, the name instantly gives things away...The National Strategic and Critical Minerals Production Act.It took less than four weeks after President Trump wrote an executive order regarding the country's supply of a ver...Read More
June 6, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold dissects this gold developer's agreement with a large-cap miner that he sees as mutually beneficial.Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) has made a major change in direction and it seems to be paying off. I wrote about them in November when the price seemed stuck in molasses. SVB has a giant 43-101 resource in silver...Read More
Vancouver, British Columbia - June 6, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Power Americas Minerals Corporation (TSXV: PAM) ("Power Americas" or the "Company") is pleased to announce the final results of their winter diamond drilling program on their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.A total of 17 drill holes, totaling 1,75...Read More
June 6, 2018 (Investorideas.com Newswire) Vancouver-based miner collaborates with partners to advance mine development and the gold processing plant.Lion One Metals Limited (LIO:TSX.V; LOMLF:OTCQX) recently announced it has signed an indicative term sheet with Sinosteel Equipment & Engineering Co., Ltd. and Baiyin International Investment Ltd. It combines an EPC (engineering, procurement and const...Read More
I have avoided writing about David Hogg up to this point because I don’t find him particularly relevant. His stale arguments in favor of gun control are not novel or compelling. He uses bully tactics to force businesses and people to bend to the will of the anti-gun lobby.But something just happened to David Hogg that is a bigger threat to Americans than mass shootings. He was “Swatted...Read More
Students from Colorado School of Mines took first place in the 2018 Applied Collegiate Exoskeleton Competition, beating out teams from four other universities in the first-time event held May 5 at the University of Michigan.Exoskeletons - powered mechanical suits that augment the wearer's strength and abilities - could be used in the future to improve mobility for people with disabilities, help a...Read More
Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as more such data accumulates, a growing number of people come to expect the new trend to continue. In economist-speak, "expectations" change, and these become self-fulfilling prophecies, as people start behaving in ways that ant...Read More
I've raised a couple million bucks for a few cannabis companies that have gone on to do quite well.My group of accredited investors funded Emblem (TSX-V: EMC) while it was still private, getting shares at 75 cents.Those shares subsequently went as high as $4.60 - a 513% gain - and Emblem is one of the fastest-growing producers in Canada, currently undergoing an expansion to 17,000 kilograms of ann...Read More
CloseGain/LossGold $1296.50+$4.70Silver$16.49+$0.09XAU83.05+1.06%HUI178.67+0.97%GDM623.77+0.53%JSE Gold1025.63+18.59USD93.91-0.14Euro117.17+0.19Yen91.16+0.03Oil$65.52+$0.7710-Year2.920%-0.023T-Bond144.375+0.25Dow24799.98-0.06%Nasdaq7637.86+0.41%S&P2748.80+0.07% The Metals: Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close...Read More