Armenian gold developer, Lydian International (LYD:TSX) has appeared to be on the mend after a disastrous announcement by the Armenian authorities recently which saw LYD have to completely redesign their mine plan for the Amulsar gold project.  The reason was due to them reclassifying catchment basins for the important Lake Seven which provides fresh water for much of the… Continue Reading

Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading

Bob Quartermain’s beat up, Pretium Resources (PVG:TSX) has released assay results from ten underground holes and provided a more positive update on the ongoing 10,000-tonne bulk sample work.  Highlight assay results include 12.22m of 201.21g/t gold uncut including 0.5m of 4,830g/t gold uncut.  The drilling continues to intersect super high-grade and narrow veins of roughly… Continue Reading

If everyone is long equities and thinking the Fed will be dovish and continue to talk back the taper, how can markets continue higher tomorrow after the FOMC announcement? The answer is they can’t, UNLESS the Fed offers the prospect of QE-infinity for longer OR an INCREASE in asset purchases. So unless the Fed surprises… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly What follows is probably the most emotional, and highly charged, subsistence mining drama taking place in the gold world. The drama is running in Colombia. We have been tracking Buriticá — because I know the company, I know the project, I think I understand the shades of green and… Continue Reading

Oct. 28 (Bloomberg) –- Principalis President & Founder Pippa Malmgren discusses the possibility the Fed may begin tapering in March of 2014 with Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg) Also: Pending Sales of Existing Homes Slump by Most in Three Years

After much speculation surrounding B2Gold’s (BTO:TSX) current M&A mandate, Clive Johnson has pulled the trigger on a relatively small acquisition; agreeing to buy Volta Resources (VTR:TSX) and their Kiaka gold deposit in Burkina Faso for shares with a total deal value of $63 million.  BTO has agreed to purchase VTR using their shares in an… Continue Reading

The forces are strong in this market, and growing stronger by the day. Margin debt is at all-time highs, flows into equity mutual funds & ETFs continue to be robust, retail investor participation in the stock markets is steadily growing (as measured by flows into leveraged bullish ETFs, and almost insatiable retail investor thirst for… Continue Reading

The Globe and Mail, Canada’s national newspaper, has published a story I wrote about Canaccord Genuity’s Global Resources Conference and why four veteran investors (Frank Giustra, Frank Holmes, Randall Oliphant and Paul Reynolds) are optimistic for gold and resources shares. The article is behind the Globe Unlimited paywall, which is worth the $30 per month for… Continue Reading

(Kitco News) – (Spokane) — The famed whistleblower who allegedly told U.S. regulators that gold and silver prices are manipulated by the likes of JPMorgan Chase has no background as a metals trader, according to precious metals research firm CPM Group. It is unclear at this point if any legal action will be taken against… Continue Reading

West African gold developer, Asanko Gold (AKG:TSX) (previously Keegan Resources) has announced the final piece of funding needed to build their $290 million Esaase gold mine in Ghana.  AKG has signed a definitive agreement with Red Kite Mine Finance for a $150 million project debt facility comprised of $130 million project facility (LIBOR + 6)… Continue Reading

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 best investment opportunities usually present themselves when the market fundamentals & technicals align in the same direction. Such is the case with the Toronto Venture Composite Index (TSX-V): Click to enlarge The TSX-V is testing double-top resistance from May, if it can break above 972 it will trigger upside targets of 1020 and 1080.… 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