Someone or some entity - likely a hedge fund - bought 4500 September $35-strike puts on XHB on Thursday last week when XHB was trading just above $39. That's a $225,000 speculative bet that the XHB drops more than 15% by mid-September.This morning Toll Brothers stock plunged over 7% this morning after reporting its FY Q2 earnings, missing the Wall Street brain trust consensus estimates on both rev...Read More
Two gold nuggets recovered from Pacton Gold's Arrow Project in the Pilbara region of Western Australia. Source: Pacton Gold Inc.Pacton Gold Inc. [PAC-TSXV; PACXF-OTC] shares rallied sharply Tuesday May 22 after the company said it has become the third largest land holder in Australia's Pilbara Gold Rush. The company said it has significantly expanded its gold-bearing conglomerate portfolio.Investo...Read More
Nighthawk Gold's exploration camp for its Colomac Project in the Northwest Territories. Source: Nighthawk Gold Corp.Nighthawk Gold Corp. [NHK-TSXV; MINZF-OTC] on Tuesday May 22 announced results from ongoing preliminary testwork its 100%-owned Colomac gold project in the Northwest Territories.Nighthawk Gold is taking a fresh look at Colomac amid speculation that former operator Royal Oak Mines may...Read More
Notes: 1. $/t is based on milling ore throughput of 2.5 Mtpa. 2. $/t is based on heap leach ore throughput of 3.0 Mtpa. 3. $/t is based on total throughput of 5.5 Mtpa. 4. Includes consumables for common elution, carbon regeneration & gold room areas. 5. Includes power for elution and carbon regeneration of carbon from heap leach and mill, gold room, and mine surface loads 6. Figures are round...Read More
Get ready for an expensive summer...The price of oil is still powering higher. Crude prices have increased over 15% since the beginning of April. And it seems there's nothing to slow down oil's march back to $100 per barrel.That's probably going to mean the cost of everything will be going up.Gas prices are already expected to break record highs this summer. The nationwide average for gas is alrea...Read More
May 22, 2018 (Investorideas.com Newswire) Calling it "one of the hottest exploration regions in Canada," Thibaut Lepouttre of Caesars Report describes how one company is preparing for the short summer exploration season.One of the hottest Canadian exploration regions in Canada in the past few years has been the Golden Triangle in British Columbia. Unfortunately the exploration season is pretty sho...Read More
Toronto, Ontario - May 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to provide an update on exploration at the San Javier Project.Samples taken from the northeast portion of the San Javier mineralized corridor (SRMC) returned high grade silver results of up to 625 g/t Ag over 1.5 metres from breccias at the Chi...Read More
Via Sovereignman.comWe just finished a really -sensational- conference here in San Juan over the weekend showcasing Puerto Rico... with all of its challenges and opportunities.We've talked about this before- Puerto Rico is an attractive place to live and do business thanks to some forward thinking tax incentives which stem from its unique status as a US territory.All US territories, including Puer...Read More
Tightening Credit MarketsDaylight extends a little further into the evening with each passing day. Moods ease. Contentment rises. These are some of the many delights the northern hemisphere has to offer this time of year. As summer approaches, and dispositions loosen, something less amiable is happening. Credit markets are tightening. The yield on the 10-Year Treasury note has exceeded 3...Read More
Toronto, Ontario - May 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Palamina Corp. (TSXV: PA) has contracted New-Sense Geophysics Limited to conduct heliborne geophysical aeromagnetic-radiometric surveys on its Coasa, Gaban and Cori gold projects in south-eastern Peru. To date Palamina has acquired 5 projects in the Puno Orogenic Gold Belt ("POGB") including Coasa, Gaban and Cori. Known...Read More
May 22, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund looks at gold, silver and the dollar after reviewing the latest COT Charts.Gold's breach of nearby support last week freaked out some longs of a nervous disposition, but it did no technical damage of any significance, as we can see on our latest 3-year shown chart below on which we can observe that it is still above important...Read More
Voting with their FeetA couple of recent articles have once more made the case, at least implicitly, for political decentralization as the only viable path which will begin to solve the seemingly insurmountable political, economic, and social crises which the Western world now faces. Fracture lines - tax and regulatory competition allows people to "vote with their feet" - and they certainly do. [...Read More
May 22, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund takes a look at miners working in British Columbia's Golden Triangle.We have looked at three exploration stocks working in British Columbia's Golden Triangle in recent months. Two of them are at about the same price as when we bought them, while the third is up significantly, and all three are expected to advance in coming mon...Read More
Gold Lending and Arbitrage There was no rise in the purchasing power of gold this week. The price of gold fell $22, and that of silver $0.19. One question that comes up is why is the fundamental price so far above the market price? Starting in January, the fundamental price began to move up sharply, and the move sustained through the end of April. 1-month LIBOR (London Interbank Offered Rate - th...Read More
May 22, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan updates his gold and silver charts.Our proprietary cycle indicator is up.The gold sector is on a long term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are m...Read More
The Colorado School of Mines Hyperloop team is headed to Arizona for three days of integrative testing on a 150-foot open-air test track at Arizona State University's Polytechnic campus.DiggerLoop qualified earlier this year for the 2018 SpaceX Hyperloop Pod Competition, the second year in a row that Mines will send a team to the international collegiate design competition. A total of 20 teams fro...Read More
Anglo American (LSE:AAL) subsidiary De Beers Group has reported US$550 million in provisional sales for its fourth cycle of 2018.Staff reporterDe Beers says Americans are buying more diamonds than ever22 MAY 201822/05/2018commentsshare This is an increase on the previous cycle's $524 million but an 18% and 2.3% drop from the first and second cycles of the year, respectively, with the first cycle u...Read More
One of the greatest times to buy stocks was in 1980, when the Dow Jones Industrial Average was at 850. By September of 1987, it was at 2,580, a 235% gain in seven years.This massive bull market was preceded by 16 years of zero growth - the Dow was at 850 in 1964. By 1980, stocks were extremely undervalued. The price-to-earnings ratio was just 7.39.When interest rates started falling from 14%, the...Read More
Back in April, I sent out an update to JMM subscribers outlining the news out of Russia that sent uranium stocks noticeably higher.Since then, the stocks have once again consolidated but looked poised to continue higher.Some of the consolidation is due to news from Reuters that Kazakhstan's state uranium miner, KazAtomProm, had delayed its plans to list in London this year due to falling prices of...Read More
Everyone in the market asks the same question.I do. So does everyone I work with. So do Buffett, Soros, Paulson, investment bankers, and everyone with money to save.Any attempt at nuance in your answer to "The Question" has seemed like equivocation over most of the last decade. Even the pros just wanted the elevator pitch."What's your favorite [stock/ sector/ trend/ etc.]?"Money poured in and debt...Read More