Oil Price/Equities Tumble Further as U.S. Economy Surges The price of WTI crude and light crude dropped below the US$60 per barrel support level during the week, with WTI crude finishing at US$57.48 (down 14%) per barrel on Friday. The price of WTI crude has dropped >40% since June, as a supply glut continues to… Continue Reading
I had to shake my head while reading news from International Tower Hill Mines (ITH.T) this morning that they successfully closed an $8.4 million financing. The investors who bought this financing are throwing money away in my humble opinion. On July 23rd, 2013 International Tower Hill released the Feasibility Study on the Livengood Project. Let’s take… Continue Reading
The massive decline in the price of crude oil turns out to be a significant net positive for multinational miners. Not only are the lower oil costs are a huge positive on the costs side, but the resulting currency moves (big drops in AUD/USD and CAD/USD) also turn out to benefit miners whose revenue comes… Continue Reading
Guyana Goldfields (GUY.T) is on track to become the next gold mine in Guyana. A 5000 tonne per day SAG mill has been successfully delivered to the site and construction is ramping up. Production is expected to begin in mid-2015. Construction is fully funded through the October closing of a $185 million project finance facility. Over… Continue Reading
It seems like everyone’s got an opinion on oil these days. Some people think oil is heading to $40 while others are of the opinion that the sell-off has been too harsh and prices should rebound rapidly. Sorry to disappoint but I don’t fall into either camp. Here are my thoughts on crude oil in… Continue Reading
“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week. I was there for the 12th annual Mines and Money show. And if you’re in the mining business and haven’t been to London lately, the Mines… Continue Reading
Probe Mines (PRB.V) has acquired 100% ownership of all claims it did not previously own at the Borden gold project in Ontario, Canada. The deal comes at the steep price of $25 million in cash and 6 million common shares of Probe. The 6 million shares are worth ~$15-$18 million and represent 6.6% of Probe’s… Continue Reading
What would you say if I told you that gold is up on the year? Yes that’s right, despite all the doom & gloom surrounding gold and the seemingly incessant bearish media coverage the yellow metal is actually up on the year – gold ended 2013 at $1204.80/oz and is now trading a little more than… Continue Reading
To a packed crowd in Vancouver yesterday, veteran junior resource analyst John Kaiser gave a presentation hosted by AME BC entitled, Confronting the Potential Extinction of a Canadian Institution. Here is a link to the 59 slide PDF presentation, courtesy John Kaiser. Mr. Kaiser has been closely involved with Canada’s venture capital markets for over thirty… Continue Reading
From Stock Trader’s Almanac: “Copper has a tendency to make a major seasonal bottom in December and then a tendency to post major seasonal peaks in April or May.” This is one of the strongest seasonal patterns in any market and it’s all the more interesting this year given that copper made a low of… Continue Reading
Paramount Gold and Silver Corp (PZG.T) is continuing to drill high grade holes at the Don Ese zone, which is part of the San Miguel project in Northern Mexico. The news today caught my attention as there was an article out last week speculating on a takeover possibility from neighbour Coeur Mining. The Don Ese zone is… Continue Reading
“Wise investors won’t try to outsmart the market. They’ll buy index funds for the long term, and they’ll diversify.” That’s what Jack C. Bogle says. He is the pioneer of low-cost index investing and founder and former CEO of Vanguard which now manages over $3.3 trillion in assets globally. Bloomberg has a new interview with him… Continue Reading
Renowned portfolio manager Jeffrey Gundlach of DoubleLine Funds gave his latest presentation on the state of the market this afternoon. Here are the key takeaways: Economist forecasts are always too optimistic with regard to growth and inflation Oil could continue falling in yet another sign that global economic growth is weak Bond yields have more risk… Continue Reading
Like it or not, we are all Internet marketers now. Chances are you own a domain name or two and even host a web site for your business, hobby or personal brand. About five years ago, I set up a shared server to help a few family, friends and non-profits host web sites. One of… Continue Reading
Pilot Gold (PLG.T) is out with an update on the Kinsley mountain project including more drill assays. 2014 exploration has built on the success of the 2013 high grade discovery at the Western Flank Target. The project is owned 79% by Pilot Gold and 21% by joint venture partner Nevada Sunrise (NEV.V). Pilot geologists have… Continue Reading
