I have said since you interviewed me over one year ago, this will continue and now is becoming a global phenomenon. The Fed has worked itself (and now most of the world) into an inescapable trap. I believe hard assets will go higher, including gold and commodities. http://www.bloomberg.com/news/2013-10-23/central-banks-drop-tightening-talk-as-easy-money-goes-on.html
With gold set for its first annual decline since the year 2000, Goldman Sachs, the outspoken pessimist of the gold markets, put out a report summarizing their expectations for third quarter earnings. The focus of the piece was Europe, Middle East and Africa (EMEA) gold miners and was titled “3Q earnings previews: Lower gold price… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly October 22, 2013 Most everyone likes an under-fished story. Even regulators. So, this is Day 9. Barkerville Gold Mines’ return to trading brings a doubling of the stock price for those who bought the tarnished stock in America’s pink-sheet market (symbol BGMZF) whilst the Canada shares were halted. Those… Continue Reading
The Globe and Mail has published commentary from Gluskin Sheff and Associates Chief Ecnomist and Strategist David Rosenberg, a well known, bearish leaning investor, highlighting compelling valuation metrics in Canada’s commodities sector. “One would have to believe that the commodity equity space has tremendous valuation support. And imagine what sort of re-rating we would ever… Continue Reading
Andrew Ross Sorkin’s Dealbook (The New York Times) is out with a new article on the latest betting scheme being proposed by Wall Street; a market to buy and sell real financial interests in entertainment stars. Fantex Holdings announced today that it will open a marketplace in the US where investors can trade an interest in the… Continue Reading
A light news day. A good read with some interesting facts on private equity’s growing importance in the mining industry from the Financial Post. In 2012, private equity was involved in eight mining deals worth $8.5 billion and that is expected to grow to $10-$15 billion over 2013. Contrastingly, miners in Canada are expected to… Continue Reading
Resource consulting firm, Wood Mackenzie put out a report Monday stating that by 2020, coal will surpass oil as the key fuel for the global economy. Global coal consumption is expected to rise by 25% on the backs of China and India as they fill demand for cheaper energy sources to meet their fuel needs. By… Continue Reading
This morning graphite developer, Mason Graphite (LLG:TSXV) announced some surprising results which are not likely to be picked up by the markets. The company received results from the preliminary purification of the graphitic carbon concentrates from the company’s Lac Gueret project located in Quebec. Using conventional hydrometallurgical processes, in lock cycle tests, the company received… Continue Reading
Ivanhoe Mines (IVN:TSX) intends to raise up to $108 million for the development of its Kamoa copper discovery and Kipushi copper-zinc project, both located in the Democratic Republic of Congo’s Katanga province. The raise is comprised of 50 million Class A common shares at a price of $2.00 per share. Billionaire founder and Chairman, Robert… Continue Reading
Burkina Faso gold developer, True Gold Mining (TGM:TSXV) received its environmental permit for its Goulagou I, Goulagou II and Rambo deposits which make up the company’s Karma gold project. The next and final step to bring Karma into production is the receipt of the exploitation permits which the company expects getting in 2 months. In… Continue Reading
Global demand for platinum as an investment has increased 30x since 2003. Learn about platinum’s investment potential in Part 3 of The Platinum Series. VC Infographic | Platinum Series: Platinum as an Investment http://t.co/7AcI5FCrnu — Visual Capitalist (@VisualCap) September 19, 2013
NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project. The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III. The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading
This morning Dale Corman’s Western Copper and Gold (WRN:TSX) provided an update on the developments of their Casino project in the Yukon (see Dale Corman’s Western Copper and Gold Challenge: Developing a Low-Risk Casino). WRN has completed their 2013 field program which is the end of a six-year long engineering and baseline data collection program… Continue Reading
Torex Gold (TXG:TSX) put out its highly anticipated maiden resource at its Media Luna target, south of the river at its Morelos gold project in Guerrero State, Mexico. The company announced an initial inferred resource comprised of 39.9 million tonnes at 2.63g/t gold, 24.46g/t silver and 0.97% copper which equates to 5.84 million gold equivalent… Continue Reading
Oceanic Iron Ore (FEO:TSXV), the small cap iron ore developer, has received the results of a shipping optimization study to determine whether the benefit justifies the costs of year round shipping from the Company’s Hopes Advance project located in the Canadian Arctic. The study includes direct shipping during summer months and transshipment during winter months.… Continue Reading
