“Historically gold has been an excellent currency alternative in times of inflation…people that bought gold in anticipation of inflation, some of them have grown impatient,” John Paulson (Founder of Paulson & Co at this year’s Delivering Alpha Conference). Paulson & Co owns over $1 billion worth of the SPDR Gold ETF which represents 5.5% of their $18.5… Continue Reading

Amir Adnani’s Brazil Resources (BRI:TSXV) has closed its acquisition of Brazilian Gold (BGC:TSXV) which it announced in late September.  BRI purchased BGC using its shares in an exchange ratio of 0.172:1 putting a value of roughly $13.5 million on BGC and their extensive gold exploration asset portfolio in Brazil.  Along with building Uranium Energy Corp (UEC:NYSE), Adnani… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) should see some much need relief this morning after announcing they have surpassed their 4,000 ounce target production rate from the 10,000-tonne bulk sample being done on the Valley of the Kings material.  PVG has produced 4,215 ounces of gold from 8,090 dry tonnes of material with approximately 1,815 wet… Continue Reading

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

Gold volatility, both realized and implied via GLD options, has dropped to the lowest levels since the April crash: Click to enlarge The average true range (Daily ATR-14) and CBOE gold volatility index (GVZ) are at their lowest levels since the April crash as gold flounders near the $1275 level. Major support remains near $1250… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Thursday November 14, 2013 Mines are made, not found. That is Barkerville Gold Mines’ tagline for investor brochures. James Francis Gerard Callaghan spent upwards of $120 million making Barkerville mines and properties along central British Columbia’s Cariboo trend in Canada. Do you know the restaurant Max’s in northern California? “This… Continue Reading

Highlights: Jewellery: The sector delivered another quarter of solid year-on-year growth as consumers across the globe, encouraged by lower average prices, showed an increasing demand for higher carat pieces. Investment: Demand for bars and coins grew 6% to 304.2 tonnes, with growth mainly coming from Asia and the Middle East, including Turkey. Outflows from ETFs… Continue Reading

After markets closed yesterday, West African gold producer, Endeavour Mining (EDV:TSX) released significantly improved third quarter results which included record gold production of 88,445 ounces in the quarter which is their largest quarter to date and represents a 17% from second quarter production of 75,421 ounces.  The company was able to slightly lower cash costs in the quarter, down… Continue Reading

According to a private source close to China’s largest gold producer, China National Gold Group, that group is looking at investing in Robert Friedland’s Ivanhoe Mines (IVN:TSX).  The source claims the state-owned China National Gold is interested in acquiring a stake in Ivanhoe’s Platreef project.  The Platreef project is a thick, high-grade Flatreef platinum-palladium-gold-nickel-copper-rhodium deposit in South… Continue Reading

For months we’ve been writing about the major bottom to come in precious metals. It appeared we finally saw it in late June as the metals and the stocks surged during the summer. Yet, these markets trailed off in August and it continued into October. The equities were down seven straight weeks. That gave way… Continue Reading

With the gold price unable to meaningfully breakout this year, gold miners have been increasingly conscious of the quality versus quantity of the ounces they produce.  The West African gold miner, Endeavour Mining (EDV:TSX), led by Neil Woodyer (Founding Partner of mining finance firm Endeavour Financial) and a slew of other mining executive powerhouses, has been consistently lowering… Continue Reading

Cashed up Latin American silver producer and developer, Silver Standard (SSO:TSX) has agreed to divest one of its non-core assets to Argonaut Gold (AR:TSX) for $75 million.  The asset is the advanced-exploration stage San Agustin project located in Durango state, Mexico.  According to a 2009 resource estimate prepared for Silver Standard, the project hosts 1.6… Continue Reading

Clive Johnson’s B2Gold (BTO:TSX) has released additional results from their 134 hole, 23,500m 2013 drill campaign at the company’s near-term Otjikoto project in Namibia.  The latest results were from the Wolfshag zone which sits immediately east and northeast of the planned open pit for the project.   Results from the Wolfshag zone highlight the potential to… Continue Reading

First posted on PennyMiningStocks.com. Follow James Fraser @MiningStocks How the Price of Gold Reflects the Value of the US Dollar It is undeniably true that the price of gold is related to the value of the US dollar, so it is essential to understand how this association has come about and exactly how the dollar influences the… Continue Reading

Since its April plunge gold has had an uncanny attraction to a particular price level: Click to enlarge Since the April 15th plunge in gold, the gold price has touched the $1321 level on 35 different trading days. The $1321 level is significant for a number of reasons: It was the April 16th crash low… Continue Reading