Patricia Mohr is Scotiabank’s Vice President of Economics and Commodity Market Specialist who, in 2012, won the Metal Bulletin Apex award for the top gold and overall precious metals price forecasts when she was 99.63% accurate in her call on the price of the yellow metal that year. Yesterday, she published a succinct report noting that a… Continue Reading
I still own all of the shares from my first ever private placement. It was 1994, and I was working for Lac Minerals at the Red Mountain project, which I now manage for IDM Mining Ltd. (IDM.v). A few kilometers to the east of us, my Uncle Don McLeod had the Willoughby gold project in… Continue Reading
Here are a few of the junior mining headlines worth looking into this morning: Ivanhoe Mines has hired BMO and Morgan Stanley to help them find partners and or money for their DR Congo copper projects (IVN). Kaizen Discovery, also within the Ivanhoe group, has another $4 million for exploration from Japan’s ITOCHU Corp., this time… Continue Reading
One of the best ways to invest in mining stocks with the current market environment is to find companies with strong cash positions. With all stocks on the TSX having to release Q2 financials before August 15th we have found some of the best cash rich mining stocks. Companies on the TSX Venture have until… Continue Reading
Ukrainian Attack on Russian Convoy Sends Markets Lower Markets were relatively flat for most of the week until Friday, when Ukrainian troops attacked a Russian convoy and concerns over the stability of the latest ceasefire between Israel and the Palestinian ministry. Despite Moscow’s insistence that the convoy is part of a humanitarian mission, the… Continue Reading
Our friend Brent Cook recently published this fantastic primer on his process for identifying the few junior exploration companies who stand to generate real returns for investors. It appeared in his Exploration Insights on August 10th, and we believe it is worth the read if you are interested in analyzing resource stocks (edited from the… Continue Reading
While on a plane headed to NexGen’s Rook I property this week for a well attended inaugural analyst site visit (more to come on this), I read an article, titled “Renewables Aren’t Enough. Clean Coal is the Future” in Wired Magazine that was absolutely fascinating. The article discussed something I was familiar with on a very… Continue Reading
Science has a new piece out on Afghanistan’s mining potential. Read: Mother of all lodes (behind paywall) According to the article, the US Department of Defence has the country’s mineral wealth tapped at $908 billion. The Afghans prefer the figure of $3 trillion. That bounty is a product of a tortured tectonic history: Afghanistan is an amalgam… Continue Reading
The wild excitement and crazy price fluctuations of 2011 seem to be a distant memory. Meanwhile, the mainstream financial media barely talks about gold and most portfolio managers are underweight precious metals and mining shares. While the casual observer might interpret this relative lack of interest in gold as a sign that the yellow metal has… Continue Reading
After some thousand blog posts on this site and others, I have just hit send on my first premium post for subscribers of Resource Opportunities, the investment newsletter we recently teamed up with. The Interim Update discusses an emerging Canadian mining discovery which your author is a shareholder of, and is on the cusp of receiving significant attention. For a… Continue Reading
A lot of observers are wondering when the bottom will come for the gold market. And evidence globally is starting to suggest it could be soon. One of the main reasons is struggling production, as many of the world’s most important production centers are now being pinched by lower metals prices. News this month shows that… Continue Reading
Recently CEO analyst Travis McPherson and I had the opportunity to attend the Sprott Natural Resource Symposium at the historic Fairmont Hotel Vancouver. The conference gave us the opportunity to hear from and rub shoulders with some of the best names in mining. From Robert Friedland’s keynote address, to Ross Beaty’s keen insights and Rick… Continue Reading
The last word at Brent Cook’s exploration panel at the Sprott conference last week belonged to geologist Miles Thompson, currently chairman of Resevoir Minerals, developing one of the world’s richest undeveloped copper deposits in Serbia, and is CEO of Lara Exploration, which explores for minerals in Brazil and Peru. Mr. Thompson is someone highly respected by Mr. Cook,… Continue Reading
In recent weeks silver has quietly pulled back into an area of important support/resistance: Click to enlarge Not only does the $20.00-$20.50 area represent important support/resistance, there are also a couple of other technical developments which make this a potential sweet spot for silver; the rising 50-day SMA is on the verge of crossing above… Continue Reading
Geopolitical Uncertainty Prompts Further Market Jitters A number of geopolitical factors resulted in volatile market conditions during the week (S&P500 VIX: +33%). Russia was hit with further sanctions for its alleged role in arming pre-Russian militants, who were blamed for the downing of flight MH17 two weeks ago. Israel’s military campaign in Gaza continued,… Continue Reading
