I wrote my article on Robert Friedland so fast on Saturday I forgot to include a critical part of the story, notably, how he’s going to finance platinum production at Platreef in South Africa, amidst abysmal capital markets for mining projects. This is what he said: “We’re still running one of the world’s greatest exploration programs… Continue Reading

I was able to catch up with billionaire Ivanhoe Mines (TSX:IVN) Executive Chairman Robert Friedland in Toronto yesterday. The Singapore-based mining legend was in Toronto this week to announce the launch of Ivanhoe Pictures, a new film and TV finance and production company, and to host the first investor presentations for his Ivanhoe Mines after… Continue Reading

With excerpts from today’s Ivanhoe Mines news release. Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that the company is proceeding with the sinking of a bulk-sample shaft to access the underground Flatreef platinum, palladium, nickel, copper, gold and rhodium discovery at its Platreef Project in… Continue Reading

Billionaire mining tycoon Robert Friedland has launched Ivanhoe Pictures with Hollywood producer John Penotti and Beijing-based media executive Ray Chen. “Ivanhoe Pictures will finance and produce film and television projects that have broad appeal to a global audience,” said Sunday’s news release. “Initially, the company will bridge production opportunities in America and Asia, focusing on China,… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly and rising JOHANNESBURG — Ivanhoe Mines (TSX:IVN) this week began what looks like a two-year strategy to fortify deposit estimates and tune technical criteria for its Platreef/Flatreef platinum group metals properties in South Africa’s Limpopo Province. A bulk mining permit is in the works, one of perhaps 16 applications,… Continue Reading

US equity markets are experiencing capital inflows from around the world for three fundamental reasons: 1) A strengthening currency 2) Growth on the margin; and 3) Capacity. These three characteristics make US equities as extraordinary as an honest politician, and are the basis of an extremely compelling case for US Growth and Consumption stocks as… Continue Reading

Peter Koven of the Financial Post covers uranium’s 14% price correction over the previous two months, last at $US.34.50 per pound, the lowest level since 2006. The Fukushima Nuclear disaster in Japan continues to take its toll, with excess supplies in Japan being reportedly dumped onto the open market. Read: Uranium spot price sinks amid… Continue Reading

There’s a lot going on in the world right now, more than usual. In all seriousness, today’s equity market losses were modest relative to what could go wrong in the various simmering global hot spots. The NSA story is nothing short of HUGE, Turkey is indicative of a much larger feeling of uneasiness coursing throughout the… Continue Reading

2013 has been a challenging year for gold investors and the current macroeconomic environment appears to be highly unfavorable for the yellow metal – gold currently faces its most challenging fundamental backdrop in at least two decades: US 10-year real rates have risen 77 basis points in the last two months US 10-year real rates… Continue Reading

Why the gold bull thesis is wrong on a near-term (3-months or less) and medium-term (6-months or more) basis. I am and always will be a student of the market, and nothing is more valuable to me than credible, accountable and transparent sources; Keith McCullough of Hedgeye Risk Management taught me that. He has also taught… Continue Reading

“One drill hole changes the game. It’s very hard to decide who gets to make it and who doesn’t. It’s a big gate, and yet very few make it through. But you have to let them try.” — Lukas Lundin “Did you know you were getting the better end of that deal with Kinross?” I… Continue Reading

Despite dramatic headwinds in both the uranium and exploration industries, Canadian explorer NexGen Energy has cornered the Athabasca Basin’s two best, recent uranium discoveries. On March 11, 2011, the uranium industry was devastated by the nuclear catastrophe at the Fukushima power plant on the west coast of Japan. The black swan event also coincided with… Continue Reading

A noted trading author, Mark Douglas, once wrote “every moment in the market is unique” – you can definitely say that again! And perhaps there has never been a market dynamic as unique as the current one. We have US equity markets near all-time highs while roughly 80% of global equity markets are in confirmed… Continue Reading

“The era of money printing is young yet. Gold will have its day again.” Article: Ambrose Evans-Pritchard, Telegraph

Today we had a very significant breakdown in the gold market. Market pundits will go through lists of reasons in an attempt to explain gold’s massive plunge below $1500/ounce. While the fundamental reasons are likely to be quite lengthy, the technical explanation is quite simple; gold had tested the $1550 support level multiple times in… Continue Reading