By Henry Bonner (hbonner@sprottglobal.com) Read online > At around $1,200 per ounce as of May 20, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides. India in particular has been a major purchaser of physical gold. In 2009, the Indian government made… Continue Reading

“There’s something happening here What it is ain’t exactly clear” – Buffalo Springfield “The banks’ dominance in financial services is over unless interest rates rise.” This from Roy Sebag, a 29-year-old former hedge fund manager and the CEO of BitGold Inc ($XAU.V), a web-based payments and savings platform for gold that has taken the Canadian… Continue Reading

Via Energy and Gold.com: One of the things I noticed early on in investing in junior mining equities is that they follow technical patterns fairly well. In other words, the charts are much cleaner indications of investor supply & demand with much less influence from HFT (high-frequency trading) and hedge funds than one sees in… Continue Reading

Earlier this week, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock Analyst and Ross Hansen of Northwest Territorial Mint, I shared my thoughts on how we arrived in the current bear… Continue Reading

It was a good week for precious metals as April economic data from the U.S. failed to impress, while the U.S. dollar fell against other major currencies. While employment data was favourable, retail sales in particular were flat last month according to the Commerce Department on Wednesday, well below the 0.3% increase projected by economists… Continue Reading

Listen to full audio (Mp3) > Read online > Rick Rule, Chairman of Sprott US Holdings, sat down with Tekoa Da Silva to discuss his early experience investing in natural resources.  What lessons did he learn from those early days? What are some of the principles for investing in individual companies, not just commodities as… Continue Reading

Tonight I spoke to the CEO of Petroamerica Oil (TSXV:PTA), Ralph Gillcrist. The market is valuing Petroamerica at about C $100 million. With about US $26 million in the bank, its enterprise value is about C $69 million. PTA owns light and medium oil interests in Colombia. Since the start of the oil crisis in… Continue Reading

Yesterday on CNBC, I was asked about my investment firm’s previous investment in Uranium One, “Were you in a position to benefit from approval of this deal at the same time that you were writing checks to the Clinton Foundation?” My answer was clear. I said, “No.” It would be unusual for any Chief Investment… Continue Reading

By Henry Bonner (hbonner@sprottglobal.com) Read online > John Ciampaglia, our head of ETFs, rang the bell at the New York Stock Exchange on Monday – see the videohere. Our gold mining ETFs — SGDM (large stocks) and SGDJ (smaller stocks) — are now trading on the NYSE. Our main subject today, though, is a trend… Continue Reading

Via Energy and Gold.com: We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date:   CNL carved out a head & shoulders bottom pattern between February and April of… Continue Reading

“Over the next 6 weeks we expect to complete construction and commence commissioning of what we believe will be the newest, and one of the largest, industrial gold milling plants in Peru” says Greg Smith, CEO of Anthem United Inc (TSXV:AFY), of their 350 tonne per day Koricancha gold mill. This is a key milestone… Continue Reading

TORONTO • Several mining industry heavyweights have teamed up in a deal they hope will be the first of many as they seek to build a new mid-tier gold producer. Newmarket Gold Inc. and Crocodile Gold Corp. announced a friendly $190 million merger on Monday that will give Newmarket control over most of the combined… Continue Reading

Enter mining legend Robert Friedland to one of South America’s most promising exploration projects. High Power Exploration (HPX), a private company controlled by the billionaire mine developer, is making moves in one of Colombia’s most fertile copper and gold exploration districts. This morning, Cordoba Minerals (TSXV:CDB), a TSX-Venture listed and Toronto-based mineral exploration company, announced… Continue Reading

On Monday, the UxC weekly Spot price of uranium recorded its biggest 1-week decline since November 2014, falling 6.5% week-over-week, culminating in a drop of 10.5% over the last five weeks. However, throughout this week, the daily UxC Broker Average Price (BAP), which is closely correlated with spot price, gained 3%. Despite the rise in… Continue Reading

Tekoa Da Silva recently spoke with Rick Rule, Chairman of Sprott U.S. Holdings, on video for our readers. In this discussion, Tekoa and Rick get into the ‘nuts and bolts’ of speculating in exploration stocks. What’s the right amount to have in these stocks? What should a resource portfolio look like in different market cycles?… Continue Reading