The Shale Revolution is strictly a North American game. Before the Great Commodity Collapse of 2014, it really never found its footing anywhere else in the world. Of all the plays I looked and of the few I covered, only one showed any real promise—the Vaca Muerta oil play in western Argentina. I’m now making… Continue Reading
By Nathan Weiss and Keith Schaefer Where is all the oil coming from? Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months. I mean really—look at these simple facts that have been staring the Market in the face for months: Year-to-date (YTD) production in 2015 in the U.S. is only 160,000… Continue Reading
When North Americans wake up to the dangers of relying on China and Russia for essential metals like zinc, rare earths, antimony, niobium and scandium, the juniors now suffering with anemic stock prices could turn into cash producing machines worth writing home to mom about. In this frank assessment of everything from gold and diamonds… Continue Reading
A nice little bump in gold this morning to 1197 in early trading. Here are my favourite news releases out this morning with some additional comments on each. Taseko – (TKO:TSX) – Taseko a copper/moly producer located in British Colombia is out with a new 43-101 updated mine plan at its flagship Gibraltar mine (75%… Continue Reading
Via Energy and Gold.com: Yesterday the new “Bond King”, Jeffrey Gundlach, spoke at the Ira Sohn Investment Conference and emphatically stated that interest rates have bottomed. This morning we are seeing more downside in Treasurys and the yield on the 10-year note is rising to test its falling 200-day moving average (most important indicator of… Continue Reading
Via Energy and Gold.com: I resided in the City of Baltimore for one thousand five hundred seventy-seven days. I actually pulled up to my husband’s medical school graduation in a U-Haul truck. I had enthusiastically packed. During my 4-year stint there, the city’s population dropped from 701,000 to 645,000. The mass exodus was marked by… Continue Reading
Here’s some smallcap statistics we shared with some fellow investors on Twitter: The second stat is eye-popping. Over 60%! There’s a pretty strong correlation here. Subscribers of SCD will know profitability is almost always a requirement for us. It’s one of only two criteria we won’t compromise on. The biggest winners we have seen have… Continue Reading
A good start to the week for gold up $12 a ounce to $1291 in early trading. Here are a few of the mining headlines that caught my eye this morning. Fission Uranium – (FCU:TSX) – Fission continues to intersect strong uranium mineralization at the the PLS project in Saskatchewan. This morning 10 angled drill… Continue Reading
Good morning, By the time you’re reading this, I’ll be on a plane with 10 of my oldest bros for a weekend bachelor party in Scottsdale. God help us. Please excuse the light postings Friday. My main man James Fraser said to expect a post from him. In the meantime, I’m proud of the diversity of our interview guests… Continue Reading
Via Energy and Gold.com: On Monday we highlighted in two different posts the precarious equity market situation and expressed concern that AAPL had a few too many fans among the retail crowd heading into its 1st quarter earnings report. We even put on a short trade in AAPL near the close on Tuesday (shared via… Continue Reading
Gold is down close to $25 in early trading this morning to $1180.56 per ounce following the FOMC minutes of yesterday and a positive US jobless claims report this morning. Copper and base metals are all doing well though with copper hitting a year to date high of $2.84. Goldcorp – (G:TSX) – Goldcorp has… Continue Reading
As the markets await the FOMC statement later today here are my top mining headlines of the day. Teranga Gold – (TGZ:TSX) – Teranga had a very solid first quarter earning a net profit of $15.27 million. Gold production came in at 48,643 ounces leading to a profit of 4 cents per share. Not bad… Continue Reading
On the back of a positive Preliminary Economic Assessment (“PEA”), one that demonstrated robust economics even at today’s gold prices, Toronto’s Continental Gold (TSX: CNL; OTCQX:CGOOF) is readying itself for another milestone at its flagship Buriticá mine – the completion of permitting by the end of Q2 2015. If you’re unfamiliar with Continental Gold’s Buriticá… Continue Reading
Orezone Gold (ORE:TSX) – Orezone has released a feasibility study for the Bomboré gold project in Burkina Faso. The study shows economics of a 24.4% after tax IRR and a NPV (5%) of $196 million using $1250 gold. Initial capital costs have risen since the PEA and now come in at $250 million. The rise… Continue Reading
Bakken oil production has already declined in 2015. There is compelling evidence that this decline is going to accelerate significantly in the next couple of months. If that happens the recovery we have seen in oil prices in recent weeks is also going accelerate. Being as the market likes the fact that U.S. production growth… Continue Reading
