Diamonds are penetrating Chinese and Indian jewelry markets, but reports on mine supply say diamond production may peak in the next two years and begin to decline. The graph below from McKinsey & Company shows expected future production1: Goldman Sachs reports that if current growth continues unabated, demand for diamonds should rise at a compound… Continue Reading
Nevsun Resources (NSU.T) is out with fourth quarter results this morning, producing 52.5 million pounds of copper, bringing 2014 production to a total of 196 million pounds. Nevsun has successfully transitioned from a gold producer to a copper miner and has achieved the high end of management’s 2014 guidance of between 180-200 million pounds in the first year of commercial production. Financial… Continue Reading
Via Energy and Gold.com This is from the latest Morgan Stanley “Commodity Manual”: This is part of the gold note contained in this report and also happens to be the sort of consensus sell-side research which offers zero negative value to its readers. Let’s break down the 3 components of this bearish gold outlook: 1. Oil price… Continue Reading
Fission Uranium (FCU.T) released results from a maiden independent resource estimate on its Triple R deposit on the company’s 100% owned Patterson Lake South property in the Western Athabasca Basin, Saskatchewan. The resource estimate was larger than expected, coming in at just over 105 million pounds in the indicated and inferred categories. Highlights: 79,610,000 lbs U3O8 indicated… Continue Reading
Gold Price/Mining Equities Surge in New Year The New Year has begun on a positive note, with both the gold price and mining equities gaining ground after what was a tumultuous 2014. The gold price and mining equities surged on the back of slightly negative factory data from the U.S., although other macroeconomic indicators, including… Continue Reading
There is a unique confluence of forces lining up simultaneously in the US dollar now: Commercials have a massive short position in US Dollar Index futures while small speculators have never been longer The US Dollar Index is working on its 7th consecutive up month, the longest streak since 2010 which was coincidentally when the dollar put… Continue Reading
Via Energy and Gold.com: Gold miners (GDX) just completed their biggest weekly gain in nearly a year, finishing up 9.35% for the week on above average volume: Today’s rally also moved the goldies back up to levels not seen since the late-October plunge which brought many gold mining shares to below their 2008 Global Financial… Continue Reading
If you like to speculate, Mart Resources (MMT.T) is a junior oil producer that should be on your radar screen. The company is out with a brief corporate update this morning on UMU-13 well results and an announcement they will be cancelling the dividend for the fourth quarter. Mart is currently (at press time) down 10 cents… Continue Reading
Via Energy and Gold.com It is now a virtual certainty that the ECB will announce some sort of large scale asset purchase program (LSAP) on January 22nd. What’s not clear is the exact size of the program and which assets will be targeted. There is a lot of speculation calling for the ECB to snap up… Continue Reading
CHAT.CEO.CA is now live… I have a confession to make: I have never been a confident writer. Seriously, for someone who is supposed to be a blogger, I am finding increasingly that I often spend hours editing sometimes even the most basic of posts, with the outcome being only marginally better than the original. The… Continue Reading
Deutsche Bank is out with some compelling slides on the Canadian housing market that should cause any good Canuck to sit up and take notice: There are more slides in the report but the picture is pretty clear. Canada has undergone a tremendous real estate boom during the past decade and prices in certain places… Continue Reading
Richmont Mines (RIC.T) is a gold producer whose share price showed an impressive increase in 2014, from the $1.40 level to over $4. This morning Richmont announced high grade drill results from the Island Gold mine and an aggressive exploration budget of $7.6 million for 2015. The two main reasons for share price appreciation in 2014 were: 1.… Continue Reading
Junior gold producer Argonaut Gold (AR.T) stock has doubled in the last 3 weeks. The shares bounced off an all time low of $1.26 on Dec 16th and are currently trading at $2.46 (at press time). Argonaut released record fourth quarter results this morning, producing 44,321 gold equivalent ounces. Three reasons why Argonaut has doubled recently: 1.… Continue Reading
Greg Smith, CEO of Anthem United Inc. (www.AnthemU.com) (TSX.V: AFY) is a Canadian Chartered Accountant (CA) making a name for himself as a rainmaker in the Vancouver exploration industry. With 3 large value transactions under his belt, Mr. Smith has earned a reputation for coming through on promises and acting in the best interests of… Continue Reading
The past week has been a powerful one for gold and gold mining equities: We saw gold dip under $1170 on the first trading day of the year only to reverse $50+ higher during the subsequent 3 sessions The gold miners as measured by the GDX have begun 2015 with a rip roaring 11%+ rally… Continue Reading
