This commentary is emphatically not an endorsement of Trump as President. I have not voted since 1992 because, when the system gives the public a Hobson's Choice, voting is pointless.An age-old adage states that "people vote with their wallets." The chart below suggests that this adage held true in 2016:The graphic above (sourced from Northman Trader) was prepared by Deutsche Bank and the da...Read More
Three known copper-rich Kuroko-type VMS deposits, aligned in a westerly-plunging linear trendAs part of the previously announced precious metals purchasing agreement with Wheaton Precious Metals (WPM.TO, WPM), Kutcho Copper (KC.V) has now received a first tranche of US$3.5M (C$4.5M using the current exchange rate). The payment was made right in time before the field season kicks off, and Kutcho Co...Read More
First Cobalt (FCC.V) has found more cobalt in two new holes it has completed at the Woods Extension zone in the Canadian Cobalt Camp. The intervals are relatively short (0.65 and 0.3 meters) but the grades (respectively 0.47% Cobalt and 0.50% copper and 0.77% Cobalt and 2.67% Nickel) are very interesting as one hole seems to have intersected a cobalt-copper zone whilst the other hole was drilled i...Read More
On April 3rd the Department of Homeland Security posted an ad to FedBizOpps.gov (Federal Business Opportunities). That is the government’s website where they post contractor work.DHS is looking for “Media Monitoring Services.”They want a database with built-in search and alert features. The DHS is looking for something that they can search to see which publications, journalists,...Read More
Interesting Times Arrive"Things sure are getting exciting again, ain't they?" The remark was made by a colleague on Tuesday morning, as we stepped off the elevator to grab a cup of coffee. Ancient Chinese curse alert... [PT] "One moment markets are gorging on financial slop like fat pigs in mud. The next they're collectively vomiting on themselves. I'll tell you one thing. President Trump'...Read More
Peter Munk in 2007In this episode Northern Miner editor-in-chief John Cumming and senior staff writer Trish Saywell take a look back at the remarkable life and career of Barrick Gold founder Peter Munk, who died on March 28.From humble origins as a immigrant to Canada, Munk showed an acute business savvy that shone bright through a series of ventures that ranged from consumer electronics and South...Read More
The stock market built on Wednesday's reversal and rallied Thursday, ahead of Friday's key jobs report. Investors were hoping for a strong jobs report, so we saw more short covering again on Thursday.It turned out to be a disappointing report. Forecasters were only looking for 170K or so new jobs in March versus the 313K new jobs reported last month. The report showed only 103K.A low jobs report c...Read More
On April 3rd the Department of Homeland Security posted an ad to FedBizOpps.gov (Federal Business Opportunities). That is the government’s website where they post contractor work.DHS is looking for “Media Monitoring Services.”They want a database with built-in search and alert features. The DHS is looking for something that they can search to see which publications, journalists,...Read More
On April 3rd the Department of Homeland Security posted an ad to FedBizOpps.gov (Federal Business Opportunities). That is the government’s website where they post contractor work.DHS is looking for “Media Monitoring Services.”They want a database with built-in search and alert features. The DHS is looking for something that they can search to see which publications, journalists,...Read More
Red Pine Exploration Inc. (TSXV:RPX) ('Red Pine' or the 'Company') announces that is has completed a non-brokered private placement of 10,526,315 units (the "Units") of the Company for gross proceeds of approximately $1,000,000 (the "Offering"). Red Cloud Klondike Strike Inc. acted as the finder in connection with the Offering (the "Finder").Read full newsRead More
Aben Resources Ltd. (TSXV:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the "Company") announces a non-brokered private placement of up to 4,000,000 units at a price of $0.125 each to raise gross proceeds of up to $500,000.Read full newsRead More
CloseGain/LossOn WeekGold $1333.00+$6.70+0.54%Silver$16.36-$0.03+0.12%XAU81.54+0.09%+0.52%HUI177.59+0.71%+1.24%GDM616.10+0.66%+0.61%JSE Gold1118.06+32.49-0.83%USD90.10-0.38+0.04%Euro122.83+0.45-0.17%Yen93.61+0.51-0.47%Oil$63.54-$1.48-2.16%10-Year2.777%-0.059+1.28%Bond146.03125+1.125-0.26%Dow23932.76-2.34%-0.71%Nasdaq6915.11-2.28%-2.10%S&P2604.47-2.19%-1.38% The Metals: Gold fell $6 to $132...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
- JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record...Read More
After several years of unprecedented low volatility and with most markets trending upward, global markets have been behaving in a precisely opposite manner in recent weeks. Volatility is back. Markets around the world have been see-sawing erratically.Not only does this imply the need for greater c...Read full newsRead More
During a legislative forum organized by the Dominican Republic's Lower Chamber in the city of Cotu?-, which is located in the central province of S??nchez Ram?-rez, residents, community members and activist groups said that the federal government should transfer the province 5 per cent of the royalties it receives from Barrick Gold and that MPs should push for this to happen.Barrick (NYSE, TSX:ABX...Read More
FTSE 100 down around 16 at 7,183US jobs report weaker than expectedTrade war rhetoric keeps investors in a nervous stateMining stocks weak after Trump proposes more trade tariffs against ChinaLondon's top-shares index faded in the final furlong to close in the red.The FTSE 100 closed at 7,183, down 16 points, weighed down by weak mining stocks."The calmer reaction to escalating trade tensions on F...Read More
CBLT Inc. (TSXV: CBLT) announced that it will sell two claims in the historic Cobalt-Gowganda silver-cobalt mining district of Ontario to Australian miner Krakatoa Resources (ASE:KTA).In a press release, the Burlington-based company explained that the claims are located peripheral to a cluster of former silver-cobalt mines at Gowganda, 85 kilometres northwest of the town of Cobalt, whose mines ope...Read More
CBLT Inc. (TSXV: CBLT) announced that it will sell two claims in the historic Cobalt-Gowganda silver-cobalt mining district of Ontario to Australian miner Krakatoa Resources (ASE:KTA).In a press release, the Burlington-based company explained that the claims are located peripheral to a cluster of former silver-cobalt mines at Gowganda, 85 kilometres northwest of the town of Cobalt, whose mines ope...Read More
AIM Journal's Andrew Hore discusses the luxury interior furnishings group Walker Greenbank plc's (LON:WGB) results for the year to the end of January 2018.Hore also talks through AdEPT Telecom plc's (LON:ADT) trading statement released yesterday, AppScatter Group PLC's (LON:APPS) acquisition of German firm Priori Data for ?13.5mln, the recent management changes at ECSC Group PLC (LON:ECSC) as wel...Read More