By Henry Bonner (hbonner@sprottglobal.com) Read online > At around $1,200 per ounce as of May 20, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides. India in particular has been a major purchaser of physical gold. In 2009, the Indian government made… Continue Reading
Independence Gold- (IGO:TSXV) – Cash rich Independence Gold is out with a $1.8 million exploration budget for summer work in the Yukon. Work will be completed on the Boulevard and Henderson projects located in the White Gold area south of Dawson City. The drill programs are expected to begin in the middle of June and total… Continue Reading
“There’s something happening here What it is ain’t exactly clear” – Buffalo Springfield “The banks’ dominance in financial services is over unless interest rates rise.” This from Roy Sebag, a 29-year-old former hedge fund manager and the CEO of BitGold Inc ($XAU.V), a web-based payments and savings platform for gold that has taken the Canadian… Continue Reading
“Whosoever desires constant success must change his conduct with the times.” ― Niccolò Machiavelli Standing on Palatine Hill last week, I tried imaging six-storey gleaming marble arches and gilded statues in place of the weathered foundations, chipped arches and shattered marble floors built in the centuries following Rome’s founding in the eighth century B.C. Now… Continue Reading
A morning post on some of the top mining news releases out this morning and my thoughts on each. True Gold Mining – (TGM:TSXV) – True Gold has restarted construction at the Karma project in Burkina Faso. First gold pour is expected 10 months from now in March 2016. Site clean up and some repairs… Continue Reading
Globe and Mail capital markets reporter Tim Kilazde published a fun new interview with Michael Lee-Chin this morning. Mr. Lee-Chin, who became a billionaire building mutual fund manager AIC Ltd., which sold to Manulife in 2009, thinks regular investors should invest in private asset classes. “There is an absolute ‘dysfunctionality’ that is perverse and universal and systemic in… Continue Reading
Via Energy and Gold.com: One of the things I noticed early on in investing in junior mining equities is that they follow technical patterns fairly well. In other words, the charts are much cleaner indications of investor supply & demand with much less influence from HFT (high-frequency trading) and hedge funds than one sees in… Continue Reading
Via Energy and Gold.com: If I didn’t know better I could have never guessed that crude oil is down nearly 50% in less than a year. The Houston real estate market is white hot with residential listings regularly going for above asking price and sellers are finding eager buyers in a matter of days. Houston… Continue Reading
Investors can’t say definitively that the price of oil bottomed in the third week of March, but some very recent data released by the International Energy Agency (IEA) that supports the premise that a bottom is in. More on that in a moment. From a low near $43 per barrel WTI has been bumping around… Continue Reading
Earlier this week, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock Analyst and Ross Hansen of Northwest Territorial Mint, I shared my thoughts on how we arrived in the current bear… Continue Reading
It was a good week for precious metals as April economic data from the U.S. failed to impress, while the U.S. dollar fell against other major currencies. While employment data was favourable, retail sales in particular were flat last month according to the Commerce Department on Wednesday, well below the 0.3% increase projected by economists… Continue Reading
Listen to full audio (Mp3) > Read online > Rick Rule, Chairman of Sprott US Holdings, sat down with Tekoa Da Silva to discuss his early experience investing in natural resources. What lessons did he learn from those early days? What are some of the principles for investing in individual companies, not just commodities as… Continue Reading
Via Energy and Gold.com: The EUR/USD currency pair is fast approaching a key technical crossroads : The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also easily discern a fairly clean bottoming pattern similar to a complex… Continue Reading
News on Friday includes Q1 financials from Osisko Royalties and B2Gold. Osisko Royalties (OR:TSX) – First quarter net earnings of $10.2 million (15 cents per share) for Osisko royalty shareholders. The $10.6 million in revenue was all from the 5% NSR royalty held on the Canadian Malartic Mine. Revenue from Goldcorp’s newly producing Eleonore mine have… Continue Reading
Tonight I spoke to the CEO of Petroamerica Oil (TSXV:PTA), Ralph Gillcrist. The market is valuing Petroamerica at about C $100 million. With about US $26 million in the bank, its enterprise value is about C $69 million. PTA owns light and medium oil interests in Colombia. Since the start of the oil crisis in… Continue Reading
