An example of the bonanza-grade gold at the Beta Hunt Mine in Australia. Source: RNC Minerals.RNC Minerals Corp. [RNX-TSX] on Wednesday said gold production at its Beta Hunt gold mine in Australia reached record levels in the third quarter of 2018.The company said production of 31,360 mine gold ounces in the quarter marked a 199% increase compared to the third quarter of 2017. That brought product...Read More
TORONTO - Canada's main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada.The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading.In New York, the Dow Jones industrial average was down 123.52 points at 25,067.91. The S&P 500 index was down...Read More
Crude oil got crushed yesterday.Just when you thought it was safe to look at WTI prices hitting a four-year high, the geopolitical monster in the Middle East reared its ugly head.And just when you thought the oil bulls were finally back in the driver's seat, the bears wrestled away control.Yeah, it's been that kind of October so far.The story behind the death of journalist Jamal Khashoggi seems to...Read More
When people think of energy investing, they first think of oil and the big dogs in the industry, like Exxon Mobil (NYSE: XOM) or BP (NYSE: BP). But what you may not know is that coal, though it may not be sexy, is one of the best energy investment vehicles in the world.Over the past 10 to 15 years, you could have made your fortune on lowly coal investments.For example, the blue-chip stock Peabody...Read More
Peel Mining Limited (ASX: PEX) is an Australian company focused on exploring and developing precious and base metals resources in New South Wales. Since listing in May 2007, Peel has identified and acquired several valuable mineral assets, including the Wagga Tank - Southern Nights project near Mt Hope, NSW, the May Day-Gilgunnia project (includes Mallee Bull) near Cobar, NSW, and the Cobar Superb...Read More
An interdisciplinary team of Colorado School of Mines researchers has been awarded National Science Foundation funding to develop a prototype of a "smart" irrigation system that can consider sensor data, user-defined thresholds and weather forecasts to determine when and where to water.Junko Munakata Marr, professor of civil and environmental engineering, and Qi Han, associate professor of compute...Read More
Roderick Eggert, Viola Vestal Coulter Foundation Chair in Mineral Economics and deputy director of the Critical Materials Institute at Colorado School of Mines, was recently featured in a story on CNBC about the growing demand for the rare earth element neodymium and the one country that dominates its production worldwide.Watch the full segment below:Tesla Model 3 and other electric cars are drivi...Read More
Addressing the topic of innovation in mining and mineral exploration was the order of the day at The Northern Miner's second annual Progressive Mine Forum (PMF) held at the MaRS Discovery District in downtown Toronto in mid-October.The first panel discussion, moderated by Northern Miner staff writer Richard Quarisa, focused on "Clean Mining" - looking at how far we've come over the past few decade...Read More
Attendees of The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October had the opportunity to hear the views of three sharp-minded keynote speakers on the topic of innovation. After accepting his commemorative Welsh mining lamp as The Northern Miner's Mining Person of the Year for 2017, Sean Boyd, vice-chairman and CEO of Agnico Eagle Mines...Read More
One metal is defying the general gloom of the mining markets.Its price is up more than 800% in the past two years and is now near an all-time record high.All-time is a long time for this metal. It has roots in the BC era as the material that allowed Damascus swords to be so strong and flexible.In the modern era, it was one of the ingredients that allowed Henry Ford's "Model T" to be such an early...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Tuesday after earnings disappointed. The S&P 500 declined for the 12th time in 14 sessions.Caterpillar Inc. (CAT) fell 7.6% despite beating third-quarter earnings and revenue estimates.3M Co. (MMM) tumbled 4.4% after third-quarter profit missed expectations and the...Read More
The Tuesday Market Minute Global stocks slump as investors shift focus to slowing economic growth and fading corporate earnings ahead of the busiest week of the third quarter reporting season.U.S. stocks poised for sharp declines, with Dow futures indicating a 380-point opening bell decline, following heavy selling in Europe and Asia.Safe haven currencies, such as the dollar and the yen, hoard g...Read More
It's proving to be an ugly day for the market. As of this writing, all major stock market indices are down at least 1.5%, dragging stocks to the lowest levels seen since the start of this summer. Simply put, the price action we're seeing in the broad market Tuesday doesn't paint a particularly rosy picture for stocks' staying power during the rest of 2018. But while Mr. Market gets gut-punched t...Read More
Investing.com - Gold prices inched up on Tuesday morning in Asia as Asian stock markets fell amidst escalating geopolitical tensions over the killing of journalist Jamal Khashoggi and concerns over Italy’s budget. Gold Futures for December delivery rose 0.16% to $1,226.7 per troy ounce by 11:15PM ET (03:15 GMT) on the COMEX metals division of the New York Mercantile Exchange. Gold prices wer...Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways t...Read More
CloseGain/LossGold $1232.60+$2.50Silver$14.67-$0.06XAU68.04-2.10%HUI152.65-1.75%GDM552.92-0.94%JSE Gold1210.21-17.80USD96.37+0.44Euro113.98-0.73Yen89.00-0.14Oil$66.82+$0.3910-Year3.104%-0.066T-Bond139.09375+0.90625Dow24583.42-2.41%Nasdaq7108.40-4.43%S&P2656.10-3.09% The Metals: Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM...Read More
By Ira EpsteinGold hold up in a day where it first broke down.https://www.iraepstein.com/ Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, it's been too long. How are you my friend?David Smith: I'm very good. It's been a while since we've spoken Mike, and I'm really looking forward to chatting with you again.Mike Gleason: Well, David, the vola...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Part one is available here.Part one discussed the "what" and "why" of unpayable debt, an inevitable "reset" or the end of the current financial world. Part two addresses when.REVIEW FROM PART ONE:A risk/reward analysis for 2018 202? points toward gold and silver, not stocks, bonds, corporate debt, student loans or m...Read More