New Gold Inc. is a multinational mining company with gold, silver and copper containing assets. It engages in both exploratory and production activity in North AmericaContinue...Read More
With major financing from Sprott Private Resource Lending and a private placement, a mining company arranges to further develop its high-grade gold project in Arizona. Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) just announced that its phase 2 resource expansion plan designed to extend mine life at its flagship Copperstone Mine in Arizona will begin in mid-January. The company also noted that...Read More
December payrolls were strong – but gold prices rose. What happened? Job Creation Surprises PositivelyU.S. nonfarm payrolls accelerated in December, beating expectations. The economy added 312,000 jobs last month, following a rise of 176,000 in November (after an upward revision) and significantly above 182,000 forecasted by the economists. The number was the biggest increase since February...Read More
Early trading on January 4, 2019, saw Gold reach just above $1300 per ounce – confirming our price target from our research and posts on November 24, 2018. The importance of this move cannot be under-estimated. Traders and investors need to understand the recent rally in the metals markets are attempting to alert us that FEAR is starting to re-enter the market and that 2019 could...Read More
By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So will rates continue to rise in 2019? If so, the dollar will follow suit, putting ad...Read More
By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More
By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
"All we have left is to wipe the slate clean and say, you know what, this thing did not work. It's a 60 year experiment that turned out to have a fatal flaw, which is you can't hand a printing press to a government."John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collap...Read More
"You can set up monitoring with control over the weeks, days and even hours that location on a device is checked as well as the start and end dates of monitoring," aContinue...Read More
The case for a pending financial collapse is well grounded. Financial crises occur on a regular basis including 1987, 1994, 1998, 2000, 2007-08. That averages out to about once every five years for the past thirty years. There has not been a financial crisis for ten years so the world is overdue. It's also the case that each crisis is bigger than the one before and requires more intervention by th...Read More
Today, additional evidence that recession - or worse - is in sight.But first, it appears the "Powell put" may extend the countdown clock…Since Jerome Powell's dovish comments on Friday, the Dow Jones has been up and away... as an addict thrills to the promise of additional stimulant.It leaped another 256 points today.Both S&P and Nasdaq have been similarly seduced.The S&P ended the d...Read More
*This interview was recorded last weekWalter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and Investor's Business Daily. He received a bachelor'...Read More
One of the last places a human being can be somewhat alone is about to be invaded Continue...Read More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) is nearing an updated resource estimate and feasibility study (FS) at its 86 sq. km Pastos Grandes lithium project in Salta, Argentina.The company is aiming for a 25,000 tonne per year lithium carbonate equivalent operation at Pastos Grandes. It expects to table the FS, which will include the updated resource estimate, by the end of 2019's second quarte...Read More
The precious metals complex has enjoyed a nice run in recent months.GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.The Gold community is getting excited again. They think the equity market is doomed and Gold has started a real bull run. That may be true but in th...Read More
It has been a tough year for investors in intermediate gold miner Detour Gold (TSX:DGC). Even after gold's latest rally, it is down by 16% over the last year. The miner's poor performance recently triggered a boardroom spill led by dissident shareholder and famed hedge fund manager John Paulson, who owns a nearly 6% interest in the miner. This saw the removal of CEO Michael Keyon and the replacem...Read More
A US-style government shutdown has reportedly been threatened by some British MPs concerned about leaving the EU without a deal.Meanwhile US and China officials are holding trade talks, while the US dollar is lower amid indications from the Federal Reserve of "flexibility", or the possibility of fewer rate hikes in 2019. The gold price is about US$7 an ounce lower than this time yesterday, around...Read More
The Imperial Metals Mt. Polley copper-gold mine in the Cariboo region of south-central British Columbia. Source: Imperial Metals Corp.Imperial Metals Corp. [III-TSX; IPMLF-OTC] is suspending operations at its Mount Polley copper-gold mine in south-central British Columbia due to declining copper prices.The suspension of the mine includes milling of low-grade stockpiles which are expected to exte...Read More