Via Energy and Gold.com: Tomorrow morning (North American time) the ECB will make its much awaited announcement which is almost sure to include some form of quantitative easing program. A series of leaks this morning, the most market moving of which was reported by Bloomberg, disagrees on the size and duration of the program to… Continue Reading
The worst day in my life as an entrepreneur was… every single day. You sucked the soul out of me. Like the day I had to fire my sister. Bad. Or the day that my second biggest client, who owed me a ton of money, simply said he wasn’t going to pay. He represented a… Continue Reading
There are just a handful of people in the world who have found gold deposits hidden underground profitably. Those that do, often make multiple discoveries. One such goldfinder now entering the sweet spot of his career is Matt Lennox King, 38, CEO of Pilot Gold (TSX: PLG) (www.PilotGold.com), one of the most dynamic mineral exploration… Continue Reading
Via Energy and Gold.com: From Bloomberg Briefs: Iraqi oil production has absolutely exploded during the last 6 months to now more than 4 million barrels of oil per day. This is occurring even as ISIS continues to conduct its insurgency throughout much of the country. Moreover, Iraq plans to continue to boost exports of its… Continue Reading
Via Energy and Gold.com: As pointed out a couple of weeks ago gold and gold stocks have been closely following the price pattern from August/September 2012 just before the Fed announced QE3. The analog is now reaching a potentially key inflection point: GDX (June-December 2012) Gold miners as represented by the GDX staged a ~36% rally… Continue Reading
Alacer Gold (ASR.T) has released fourth quarter production numbers and guidance for 2015. The good news for Alacer shareholders is 2014 was another strong year of production generating free cash flow at the Copler mine in Turkey. The bad news is production fell off sharply from 2013 production of 271,063 ounces with 227,927 ounces produced… Continue Reading
EnergyandGold.com attended the 2015 Vancouver Resource Investment Conference today put on by Cambridge House, where 300+ junior mining companies and over 5000 investors assembled to hear from top experts and network amongst each other. The mood was up-beat considering the bear market in mining shares is getting pretty long in the tooth, four full years to be… Continue Reading
Shares in Athabasca-Basin uranium explorer NexGen Energy (NXE.V) climbed 13.8% in early trading Tuesday, last at $0.37, following a news release announcing a large new radon anomaly 400m NE and along strike of the company’s 2014 Arrow Zone discovery. Radon in water is no guarantee of an additional discovery, but the surveys were successful in… Continue Reading
Via Energy and Gold.com Morgan Stanley is out with some interesting research this morning highlighting the strong positive correlation between copper and oil prices: Aside from the fact that both commodities are greatly affected by global economic growth there is another important factor as to why the oil price can end up having a large… Continue Reading
Via Energy and Gold.com: There is an interesting piece on palladium up on Bloomberg this morning entitled “Palladium is a Metal Rarer Than Gold. Now It’s Even More Rare, Thanks to Cheap Oil”. The article makes some logical points regarding global auto demand and the global palladium supply/demand dynamic. The article even includes quotes such as… Continue Reading
“We got involved with Wheaton River at a time when the gold price was depressed. We had the sense of urgency that the gold price was going to up, and we didn’t have enough gold assets to take advantage of it.” Ian Telfer, Chairman and former CEO of Goldcorp, the world’s top gold miner. Goldcorp… Continue Reading
“In our business, you make it taking shots.” Ron Netolitzky 2015 Ronald Netolitzky Tribute | Canadian Mining Hall of Fame
Gold/Silver Prices Continue To Surge While Base Metals Continue To Stumble There is a sense of déjà vu for early 2015, where the rise in precious metal prices reflects the early year surge experienced in 2014. In January last year, the price of gold rose 3.5% during the month, after falling 28% during the 2013… Continue Reading
Mining venture-capital trade show, Cambridge House International’s Vancouver Resource Investment Conference, returns this Sunday and Monday at the Convention Centre and the CEO.ca will be there. This is the largest gathering of junior mining companies and their investors in Vancouver, with 8000 delegates expected, including representatives from over 300 public companies. I am hosting a panel… Continue Reading
Via Energy and Gold.com The rally in gold miners which began in mid-December now measures over 31% and the GDX is threatening to move back above its 200-day moving average for the first time since early September: Given that other ‘bear market rallies’ during the past couple of years have ended at around the 40%… Continue Reading
