I had the chance to visit once again with Rick Rule, Chairman of Sprott US Holdings. It was a great conversation, focusing on the state of metals and mining, a $20 billion opportunity now available due to market chaos, and ‘multiples of potential return’ in mining equities, should historical measures reassert themselves. “I’ve seen this… Continue Reading

Michael Berry of Disruptive Discoveries Journal is out with a good slide deck on macro and metals themes that he presented earlier this month for the Quebec Mineral Exploration Association. Mining investors know the story well – excess supply and insufficient demand have hit commodity prices hard, as well as the energy-reliant Canadian economy. Meanwhile, debt… Continue Reading

After flying into Mayo, central Yukon, from ATAC Resources (Part 2) we packed into a shuttle van to head toward the Keno Hill Silver District. Keno Hill is an extraordinary part of the Yukon; it is the largest and richest silver district in Canada. From 1913 to 1989 there were 35 producing mines which yielded 217… Continue Reading

Via Energy and Gold.com: Silver broke out in impressive fashion from a 4-week old falling wedge on Friday: It’s no coincidence that the measured move from the falling wedge breakout targets the $18.50 area which also happens to be major long-term support/resistance. Lets take a look at the weekly chart to put the major test… Continue Reading

A few weeks after rumours began swirling that the largest US silver producer, Coeur Mining, was in talks to acquire Canadian-listed Paramount Gold and Silver (PZG.TSX), the two companies announced this morning that the merger is real. Coeur announced it will absorb Paramount in an all-stock transaction that values Paramount at $0.90 per share or $146 million (based… Continue Reading

The Central Fund of Canada (NYSE:CEF, TSX:CEF.A) is a $3 billion closed-end fund whose sole mandate is to invest in gold & silver bullion. As of yesterday’s market close the Central Fund had 61.1% of its assets in gold bullion and 38.4% of its assets in silver bullion: Click to enlarge CEF trades like a regular… Continue Reading

Nelson Bunker Hunt passed away this morning at the age of 88 after a battle with Alzheimers disease. Nelson and his brother  W. Hebert Hunt are famous for trying to corner the silver market back in 1980. The Hunt brothers managed to drive the price of silver to a record high of $49.45 per ounce… Continue Reading

A fantastic article on silver production was recently published by SRSrocco Report comparing financial results and production levels from the 12 primary silver producers to previous results.  I won’t spoil it for you but the analysis reveals a couple of alarming trends for silver producers. The Primary Silver Mining Industry continues to suffer from manipulated low metal prices.  However,… Continue Reading

While it’s big brother gold struggles to keep its head above the $1200/ounce mark, silver has cleanly snapped support and broken down to its lowest levels since Spring 2010: Click to enlarge SLV (Weekly) The breakdown from the descending triangle currently targets the $15-$15.50 area – it is important to note that, according to Bulkowski, breakdowns… 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

ECB President Mario Draghi brought the “goods” this morning and the only question that remains is whether any of this “stimulus” will actually flow through to the real economy – once again the ECB staff projections were very weak and pushed out advances in growth to 2015: Draghi: staff projections 0.7% 2014, 1.1% 2015, 1.4%… Continue Reading

Toronto-based Continental Gold (TSX:CNL) released a corporate update Thursday afternoon showing strong operating results for the year 2013, including 59,109 metres of drilling (adding to 215,300 metres for the project total), discovery of several new veins, four new precious metal-mineralized systems and – oh yeah – $117.5 million in hand with no debt to service. In… Continue Reading

Silver miners have failed to replace reserves over the past three years. This from Tim Barry, President and CEO of Silver Bull Resources (TSX:SVB, NYSE:SVBL). Barry and I met at his Vancouver office Friday, before the New Zealand born geologist, 37, flew to Toronto to present at this week’s PDAC, where 25,000+ are set to… Continue Reading

After a very impressive rally in precious metals and mining shares during the past couple of weeks, there is some cause for near term concern as sentiment has suddenly turned bullish on the sector. The latest Commitment of Traders data from the CFTC clearly shows a massive amount of short covering and some renewed speculative… Continue Reading

A couple days ago we pointed out the huge upside potential in the silver chart, especially relative to gold. This morning Silver is breaking out with a nearly 4% gain: Click to enlarge Silver futures are testing the 38.2% Fibonacci retracement level of the entire August-December decline. Over $21.25 silver should quickly head up to… Continue Reading