“You want to be a trader, come be a trader,” he says. “The door’s open. You want to travel six days a week, you want to travel the world, the door’s open. I earn more than you. Come be a trader. Please, the door’s open.” Article: John W. Miller, Wall Street Journal

Speaking on the 25th anniversary of the launch of the BlackRock Gold & General fund, Evy Hambro, CIO of the Natural Resources Team at the manager, said that a new era beckons for equity investors in gold mining companies, which have started to focus on profitability rather than size. Article: Jonathan Boyd, Investment Europe

“I wouldn’t be surprised if the market in several months is disputing whether the oversupply will be achieved at all,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Oversupply is pretty much priced in.” Article: Claudia Carpenter, Bloomberg

Mid tear Colombian oil and gas producer Pacific Rubiales Energy (TSX:PRE) today announced plans to buy back up to 10% of their public float, which would cost over $650 million at current prices. Read the press release here. Colombia’s oil producers in general are undervalued, according to the analysts we talk to. Frank Giustra backed Petroamerica… Continue Reading

Billionaire Eric Sprott suspects sovereign wealth funds have been significant buyers of precious metals in recent weeks, particularly those funds who were heavy buyers of gold and silver in recent years at higher prices. He also expects miners profit margins to explode as bullion prices increase, which he sees going to $3000 soon. “Gold stocks at… Continue Reading

Our friends at Pinnacle Digest published a great 24 minute audio interview with veteran mineral exploration analyst John Kaiser, whose Bottom Fish service tracks over 1800 junior resource companies listed on the TSX-V. Listen: 686 Junior Resource Companies on the Brink | John Kaiser Apr 17, 2013 Interview Kaiser sees commodity prices trending lower. He is… Continue Reading

Like the iron ore producers, copper miners have invested so much bringing new supply to the market that a surplus of copper is now expected for the first time in many years. Article: Garry White and Emma Rowley | Telegraph

Copper has been kind to Chile. It provides 20% of GDP and 60% of exports. Thanks to it, Chile’s economy is expanding by nearly 6% annually, while inflation and unemployment are enviably low. Poverty rates have tumbled; public services are mostly good. Chile has other strengths, such as agriculture, tourism and even high-tech. But small… Continue Reading

Zimbabwe’s dollar had been too liberally printed: a swollen stock of local banknotes was chasing a diminished supply of goods. Now the American banknotes the economy relies on have to be begged, borrowed or earned. Even so, the monetary system works surprisingly well. A scarcity of greenbacks keeps inflation in the low single digits. The… Continue Reading

Barbara Yaffe: If B.C.’s NDP wins, those of us needing to work can always move to Alberta Article: Vancouver Sun

Topics include NexGen Energy, Fission Energy, Alpha Minerals and Denison Mines. Recorded April 24, 2013.

“We are in a supercycle for lumber,” suggests Raymond James Ltd. forestry analyst Daryl Swetlishoff, who has been expecting the impact of this confluence of events since publishing his “peak lumber” report in 2010. “We are in the third inning, and we see a lot of upside… A rising tide will lift all boats,” he… Continue Reading

Pretium Resources Inc (PVG) announce this morning that it has entered into a subscription agreement with Liberty Metals & Mining Holdings, LLC (“LMM”), a subsidiary of Boston-based Liberty Mutual Insurance, to issue to LMM by way of a private placement 5,780,346 common shares of Pretium (the “Purchased Shares”) at a price per share of C$6.92… Continue Reading

Tim Kiladze and Jacqueline Nelson have a tough new article out about gold fund manager Eric Sprott. While it’s definitely worth a read, reports like these tend to mark market bottoms, historically. We believe the best days for Sprott Inc. lie ahead. Read the article at Globe and Mail ->

Petroamerica Announces Initial Test Results of more than 3,250 BOPD of Light Oil from the Mirador with its Las Maracas-8 Well This is another spectacular well from Petroamerica, our largest position. Press release, Stock quote.