1. The crude oil chart is not encouraging at all; bounces have been shallow and the decline since the summer has been orderly:   2. US crude oil production (mostly from shale oil) continues to explode higher while crude oil imports are in a clear downtrend:   3. OPEC left production quotas unchanged this morning in… Continue Reading

Quebec is one of the most prolific gold mining jurisdictions in the world.  It is home to Canada’s largest gold mine, the Canadian Malarctic mine.  It is also home to a plethora of promising junior explorers and developers all of which hope to find the next gold mine. One of these companies has been quietly growing an impressive deposit in… Continue Reading

Since hearing of the passing of the mighty Pat Quinn yesterday media tributes have poured in from all over the continent.  In Vancouver especially there are heavy hearts, as most of us here considered the ex Coach and Manager of the Canucks one of our own. Vancouver writer Gary Mason penned a tribute to Pat… Continue Reading

Ian Hannam, often referred to as the “The Rainmaker” (also “the King of Mining”), headed up JPMorgan’s mining business and has advised on most of the major mining deals over the past 15 years, including the $90 billion merger between Glencore and Xstrata in 2012.  Nobody has done more mining deals than Hannam. Now he is back, after a brief hiatus, and… Continue Reading

In case you missed it, NY Giants receiver Odell Beckham Jr. caught this pass one-handed from Eli Manning and scored a touchdown in last night’s game vs. Dallas. Dallas ended up winning the game 31-28, and if you believe what sports commentators are saying about the catch, Odell Beckham Jr. just made history. Rumor has it… Continue Reading

Today’s young men (and sometimes women) have unlimited access to pornography through the internet, and while viewing online porn via sites like Tube V sex may be educational (right) or simply entertaining for many, there is a growing number of women complaining that their lovers cannot perform real life sex in the bedroom. Leah McLaren… Continue Reading

Self-help guru Tony Robbins is out with a new book which offers a slew of financial advice including an “All Weather Portfolio” (AWP). Without delving into too much detail (others have already done this favor for us….), the crux of Robbins’ All Weather Portfolio is a recommendation to allocate 55% of ones portfolio into US Treasury… Continue Reading

Carlisle Goldfields (CGJ.TSXV) updated investors on two recently announced transactions involving the junior developer; one a strategic investment and joint venture with AuRico Gold and the other being an all-cash takeover proposal by London-listed Nordgold. After mulling over the request by Nordgold which would allow them to offer $0.096 per share in cash to each shareholder of Carlisle (representing a… Continue Reading

A few weeks ago I alerted readers to Derek Jeter’s new website, theplayerstribune.com. The now retired baseball superstar created the site to enable professional athletes to have a vehicle to communicate directly with fans without a biased media filter. Since then contributors have included Danica Patrick, Kevin Love, and Brendan Shanahan, and their posts have… Continue Reading

After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa. The company says it has sent out formal notifications to provincial authorities and landowners to return to work.   They have begun moving the required plant and… Continue Reading

With $36.4 billion in assets, Harvard University’s endowment fund is the largest in the world and has returned an average of over 12% annually over the past two decades.  In a recent regulatory filing, the Massachusetts-based fund picked up new positions in a dozen Texas-based oil and gas companies in the third quarter amid steeply… Continue Reading

After market today, Continental Gold (CNL.TSX) delivered their first economic study ever completed on the ultra high-grade Buritica gold project in Colombia.  Their maiden Preliminary Economic Assessment (PEA) delivered industry leading economics with an after-tax NPV (5%) of $1.08 billion and an IRR of 31.5% on initial capital of $390.3 million (based on $1,200/oz Au… Continue Reading

Three years ago 48-year-old stockbroker John Nelson had had enough. It was 2:30 pm on a Friday, and his back, long a source of pain during his workdays and weekly rounds of golf was killing him. Researching an array of latex mattress brands helped John realize some of the pain could be alleviated by switching… Continue Reading

During the past 18 months we have seen a massive shift in holders of gold. The following 3 charts tell the story quite well: Click to enlarge Retail investors and portfolio managers have dumped more than 1,000 tonnes of gold from gold exchange traded funds during the last two years. Meanwhile central banks have purchased… Continue Reading

In a shocking move, the world’s largest producer of thermal coal, Glencore (GLEN.LON), announced yesterday that it will shut down its Australian coal operations for three weeks starting in mid-December. An estimated 5 million tonnes of output (roughly 6% of Glencore’s annual Australian coal output) will be cut from the markets as a result. Seaborne thermal-coal prices remain at… Continue Reading