Silver continues to languish, despite gold remaining firm and trading at over US$1,300 per ounce. While the global economic outlook is upbeat, which is not a positive for precious metals, rising geopolitical tensions in the Middle East bode well for gold and silver.Another factor that will give silver a boost is rising industrial demand for the white metal. Because of its conductive properties, si...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extremely...Read More
Other people's money is always more fun to play with recklessly than your own. As such there's been a quiet escalation in number of private capital pools offering mortgage (and auto) financing to subprime quality borrowers. "Special Circumstance Lending" is one such lender in Denver. It constantly runs ads on Denver radio.The proprietor of Special Circumstance Lending was an aggressive par...Read More
Exploring Argentina Lithium & Energy's 20,500-hectare Arizaro Project in northwest Argentina. Photo courtesy Argentina Lithium & Energy Corp.With the impending advent of the widespread use of electric cars, trucks plus the millions of rechargeable consumer electronic devices that utilize lithium ion batteries, it is no wonder that numerous exploration companies have turned their attention...Read More
Gold's Mercedes Mine in Sonora, Mexico. Source: Premier Gold Mines Ltd.Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] on Friday May 11 filed a technical report that was prepared for its Mercedes gold-silver mine in Mexico in compliance with NI 43-101 standards of disclosure. The technical report provides more details about previously announced reserves and resources at the 100%-owned Mercedes Mine in...Read More
Drilling at Almaden's Tuligtic Project in Pueblo State, Mexico which covers the Ixtaca gold-silver deposit. Source: Almaden Minerals Ltd.Almaden Minerals Ltd. [AMM-TSX; AAU-NYSE] on Friday May 11 announced a proposed non-brokered private placement financing of up to seven million units. The aim is to raise $7 million at a price of $1 per unit. Almaden said it intends to use the proceeds of the off...Read More
The price of crude oil is rapidly on the rise.Oil recently broke past $70 per barrel for the first time since 2014 after President Trump pulled out of the Iran deal. And many believe the black stuff is set to top $100 per barrel again shortly.For summer vacationers, that means a much more expensive drive to the beach. But for the savvy investor, this summer's oil prices could mean huge gains.Here'...Read More
Two technologies commercially launched within a week of each other promise to be game-changing ore examination tools.Noel Dyson* Chrysos Photon Assay unit. Photo: Tony McDonough11 MAY 201811/05/2018commentsshare Perhaps the most exciting thing about the Orexplore GeoCore X10 core scanner and Chrysos Corporation's photon assay tools is that nobody is really sure where their biggest impacts will be.Read More
Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 148,100 hectares on Li-rich Salars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. The portfolio includes projects, with high-grade lithium brines and excellent chemistry, at shallow depths - all of which have good access to infrastructure. The company is well-funded and h...Read More
Rio Tinto and Alcoa - with the backing of Apple - have announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.Kristie Batten*Announcing the creation of Elysis11 MAY 201811/05/2018commentsshareRio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and...Read More
May 11, 2018 (Investorideas.com Newswire) The first quarter saw some high-profile M&A activity in the precious metals sector. In this interview with Streetwise Reports, Ralph Aldis, portfolio manager of U.S. Global Investors, discusses the market landscape and some companies that could be takeover targets.The Gold Report: Ralph, there have been some high-profile mergers and acquisitions (M&A) in t...Read More
May 11, 2018 (Investorideas.com Newswire) CIBC reviewed this mid-tier company's Q1/18 results.In a May 7 research note, CIBC analyst David Haughton reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) "continued the recent positive operating momentum with strong Q1/18 results, and these good results should be well received."The miner's adjusted earnings per share for the quarter were $0.09, higher than...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
May 11, 2018 (Investorideas.com Newswire) Edward Sterck, an analyst with BMO Capital Markets, discussed the implications of its recent suspension of shipments for this Chilean firm in the short and medium term.In a May 8 research report, analyst Edward Sterck with BMO Capital Markets relayed that Antofagasta Plc (ANTO:LSE) has resolved the blocked concentrate pipeline at Los Pelambres that caused...Read More
Colorado School of Mines celebrated its Spring 2018 Undergraduate Commencement on May 11, conferring a total of 910 bachelor's degrees as it welcomed its newest class of graduates into the Oredigger alumni community. At the ceremony, held at Marv Kay Stadium at the Harold M. and Patricia M. Korell Athletics Center, 16 outstanding students representing each of Mines' academic departments recei...Read More
In the middle of Idaho, there's a historic mining area that produced huge amounts of gold for 100 years before being abandoned in the 1990s.They thought it was dried up. They thought it was kicked. They thought it was done.They thought wrong.One small company (It trades for less than $1.00 a share!) trekked out there. It applied for the permits, it put in the work, and what it found was astonishin...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ENTERS INTO AGREEMENT TO ACQUIRE SHARES OF NOVO RESOURCES CORP.Kirkland Lake Gold Ltd.has entered into a share purchase agreement with Artemis Resources Ltd. to acquire four million common shares of Novo Resources Corp. at a price of $5 per share for a total purchase price of $20-million. The Acquisition is scheduled to close on or before May 31, 2018.C...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then ra...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More