>>From the VC Market Trends Blog It is often said that history doesn’t repeat itself, but it does rhyme. Bitcoin, in just nine months, has done something absolutely tremendous in that respect. Even by just checking out sites like Bitcoin.co.uk, seeing how much of an impact Bitcoin has had and continues to do so for… Continue Reading

NGEx Resources (NGQ:TSX), the only mineral exploration vehicle in the multi-billion dollar Lundin Group, has begun the 2013-2014 exploration program at their Josemaria and Filo del Sol projects in San Juan, Argentina.  In 2013, NGEx dramatically increased the resource base at their Josemaria and Los Helados projects.  Josemaria now hosts over 6 billion pounds of copper and… Continue Reading

Platinum Group Metals (PTM:TSX) is set to resume trading this morning after announcing yesterday that it would be completing a $175 million bought deal financing led by BMO Capital and GMP Securities.  The stock has performed well this year, up over 50% YTD thanks to successful development of their Western Bushveld Joint Venture where they… Continue Reading

Apparently, Colossus Minerals (CSI:TSX) will no longer be “Building Brazil’s Next Gold Mine” as they state on the front of their corporate presentation.  Late last week, CSI announced that they would be revising their plans for the Serra Pelada gold-platinum-palladium development project in Brazil following financial liquidity concerns and meetings with key stakeholders.  On Friday, the company… Continue Reading

For the 3rd time in 2013 small speculators have moved to a net short position in gold futures (as of Tuesday December 3rd): Click to enlarge The last time the ‘dumb money’ moved to a net short position in gold futures was during the week of July 29th, which happened to be within one week of… Continue Reading

A few days after announcing the signing of a definitive agreement to buy the Midas mine and mill complex in Nevada from Newmont, Klondex Mines (KDX:TSX) has an idea to finance the acquisition and development of that project with a gold, equity and note financing package.  KDX agreed to pay Newmont a total of $83… Continue Reading

Calandra: Junior Miners Need Consolidating By Hannah Tool | Index Universe Thom Calandra was co-founder and chief columnist of MarketWatch before it was sold to Dow Jones in 2005. After taking a few years off, he returned with The Calandra Report, a mining-focused newsletter. Calandra spoke to IndexUniverse contributing writer Hannah Tool about the downturn of… Continue Reading

“You want me to be a wilting flower? I mean, wilting flowers don’t build companies.” “If nobody would try, of course nobody would make it,” Mr. Munk said. “I must have given 25 lectures at business schools and my theme number one is: dream big, dream big. Put all your efforts into realizing your dreams.… Continue Reading

Since August 2011 the S&P 500 has risen more than 700 points while the price of gold has fallen over $700: Click to enlarge At the gold peak in August 2011 the negative correlation between stocks and gold reached an unsustainable extreme (roughly 90% negative correlation depending on the time frame). As crazy as it… Continue Reading

After the close yesterday, Reservoir Minerals (RMC:TSXV) released assay results for five drill holes from the Timok project (joint venture with Freeport McMoran).  Two of the five holes intersected high-grade copper-gold mineralization in the high-sulphidation epithermal zone in the Cukaru Peki target.  The highlight was drill hole FMTC 1341 which intersected a massive, 166 metres (from 557.0… Continue Reading

The West African gold producer and developer, Endeavour Mining (EDV:TSX), announced late last week that it has poured first gold at the company’s Agbaou Mine in Cote d’Ivoire.  Endeavour planned on pouring first gold within the first quarter of 2014, so they are well-ahead of schedule.  The mine is now advancing in its commissioning phase with ore… Continue Reading

Last night around Midnight New York time Bitcoins transacted at $1242, coincidentally February gold futures were trading at almost the exact same price level: Click to enlarge 1-day Bitcoin chart (Mt. Gox) February Gold Futures (Green oval) Which would you rather own, a bitcoin or an ounce of gold?        

As the gold price continues to slump, two things in the gold market matter the most: grade and capex intensity.  Dalradian Resources (DNA:TSX) is developing an extremely high-grade Curraghinalt gold mine in northern Ireland and today announced an update on the permitting process there.  According to the release, the strategic planning division of the Department… Continue Reading

Gold rallied $25 during today’s session after falling to as low as $1225.70 overnight. The gold market has undergone a dramatic transformation throughout 2013; from fairly bullish sentiment with price near $1700/ounce to begin the year (remember Bill Gross vocally called for gold to rally during 2013), to extremely bearish sentiment and despondency among the… Continue Reading

Although maybe not surprising given the share price performance, the market doesn’t like the fact that Gerald Panneton has resigned as President and CEO of Detour Gold (DGC:TSX) with shares down over 30% at the time of writing.  Given the year-to-date share price performance (down over 80%) and the fact the stock has dramatically underperformed both the… Continue Reading