Base metals prices on the London Metal Exchange were mixed on the morning of Monday March 14, albeit with nickel still suspended from trading on the exchange, while prices on the Shanghai Futures Exchange were all weaker.* US dollar holding at close to 2022 high* US 10-year treasury yields back above 2%* Markets bracing for interest rate rises this weekBase metalsThree-month base metals contracts...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperThe SMA said the infractions occurred in February and March 2021, of which it deems one as a minor inf...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Index futures responded to a drop in crude oil prices. WTI crude oil fell $4.41 to $104.89 in pre-opening trade. Loblaw Companies' Shoppers Drug (L Cdn$114.38) subsidiary announced purchase of Lifemark Health Group for Cdn$845 million.FedEx slipped $6.03 to $213.08 after KeyBanc Capital...Read More
Rio Tinto has offered around US$2.7 billion for the outstanding 49% of shares, at a 32% premium to share prices at close on Friday, leaving it will with full ownership of Turquoise Hill, which owns 66% of Oyu Tolgoi, with the balance held by the Mongolian government."Rio Tinto strongly believes in the long-term success of Oyu Tolgoi and Mongolia, and delivering for all stakeholders over the long-t...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has offered US$2.7 billion for the 49% of shares it doesn't already own in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.The world's second-largest miner is offering $34 per each outstanding share of Turquoise Hill Resources it does not already ow...Read More
As exploration continues on its Valentine gold project in central Newfoundland, Marathon Gold (TSX: MOZ) has purchased for cancellation the historical 7.5% net profit interest royalty covering certain mineral resource areas on the property.The royalty relates to certain properties at the Valentine project initially granted to Reid Newfoundland Company in the early part of the last century, in conn...Read More
FPX Nickel (TSXV: FPX; US-OTC: FPOCF) has released results from its summer 2021 infill drill program at the Baptiste project, part of the company's 100%-owned Decar nickel district in central British Columbia.The Decar district covers 245 sq. km of area in the Mount Sidney Williams ultramafic/ophiolite complex, and is located 90 km northwest of Fort St. James. The Baptiste nickel deposit is the mo...Read More
Australia's Mineral Resources (ASX: MIN) will pump A$13.6 million (US$9.80 million) into fellow explorer Global Lithium Resources (ASX: GL1) as part of a A$30 million (US$21.61 million) placement that seeks to speed up exploration programs at Marble Bar and Manna lithium projects in Western Australia.The move gives Mineral Resources 10.1 million shares or a 5% stake in Global Lithium. It also gran...Read More
The S&P/TSX Venture Exchange rose 6.14 points or 0.725% to 846.35. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per oz. Shares of Vizsla Silver rose 34 ? to $2.79. The company released assay results from seven new drill holes targeting the Copala and Christiano veins, located east of the Tajitos resource area, at its 100%-owned Panuco silver-gold project in Mexico. Highlights included 7...Read More
The S&P/TSX Composite Index rose 157.43 points or 0.73% to 21,462. The S&P/TSX Global Mining Index decreased 2.96 points or 2.4% to 122.83 and the S&P/TSX Global Base Metals Index fell 3.79 points or 1.79% to 211.22. The S&P/TSX Global Gold Index fell 0.72 points or 0.2% to 355.42 and spot gold fell US$2.25 or 0.11% to US$1,978.70 per ounce. Shares of Augusta Gold rose by 19% to $1.45 on the re...Read More
The Dow Jones Industrial Average fell 670.61 points or 1.99% to finish the March 7-11 trading week at 32,944.19 and the S&P 500 dropped 124.56 points or 2.88% to 4,204.31. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per ounce. Intrepid Potash topped the charts, climbing US$13.63 to US$84.19 per share. The company reported net income for the 2021 calendar year of US$249.8 million or US$...Read More
George Gammon, Released on 3/14/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
Liberty and Finance, Released on 3/14/22Steve Penny will be here LIVE to share insight into why metals are falling after last week's rally and what to expect next.Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silverchartist.com. gold, silver, steve pennySteve Penny: What's Next For Gold & Silver? added by Herman James on...Read More
Stansberry Research, Released on 3/14/22Real inflation readings are showing, "about 10%," which is detrimental for bank accounts and a really bad scenario for individuals, asserts E.B. Tucker, bestselling author of "Why Gold, Why Now?" Right now, "a net zero carbon economy is emerging," Tucker says to our Daniela Cambone, and the carbon credit market will exponentially take off as we near 2030. "E...Read More
WinterOak.org.uk (via Zero Hedge), Released on 3/14/22Welcome to the second phase of the Great Reset: war.There are few coincidences in politics.Continue... 10 Signs The War In Ukraine Is Part Of The Great Reset added by Herman James on 03/15/2022View all posts by Herman James ?+'Read More
The Daily Gold (via Dollar Collapse), Released on 3/14/22This is only the third time in Gold's history in which it corrected after reaching or approaching the previous all-time high.Continue... Jordan Roy-Byrne: Gold Has Done This Only Twice added by Herman James on 03/14/2022View all posts by Herman James ?+'Read More
Zero Hedge, Released on 3/14/22If the market volatility persists and credit continues to take it on the chin, expect many more CLO defaults, which incidentally may be just what bulls need. Continue... Credit Has Cracked, And Now The CLO Defaults Begin added by Herman James on 03/15/2022View all posts by Herman James ?+'Read More
Zero Hedge - Twitter, Released on 3/14/22For the past two years, China had at most 50-100 new daily covid cases. Now it's 5000, and it is shutting down key supply chain arteries that feed the US economy. So bizarre- zerohedge (@zerohedge) March 15, 2022 China is now using covid lockdowns as a weapon to shut down key supply chains to the US? added by Herman James on 03/15/2022View all posts by...Read More
In retrospect, nothing much has changed since I published my original article $100 Silver Has Come And Gone in October 2019.The price is higher than it was at the time the article was written, and that is certainly positive. However, the net change since then does not alter the fundamental arguments stated in the original article. Let’s review the salient points now. SILVER PRICE HISTORY &...Read More
CopperThe global copper supply crisis is getting deeper with each passing day.Even disregarding the military crisis in Europe and the piling sanctions against Russia that have rocked the commodity markets, copper has always been in a tough spot simply because of its fast-rising demand and the critical role in the modern economy.More than 20 million tonnes of the metal are being consumed each year...Read More