Gold FeatureFeed

Gold articles written by MiningFeeds and our contributing editors about the gold mining sector.

Gold Stocks Shine in 2015

Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits. The fundamentally-absurd disconnect between gold-stock price levels and... Read more »

Graceland Updates: Janet Yellen: Gold Rally Catalyst?

1. Is Santa Claus coming to town this year? To find out, please click here now. For US stock market investors, it looks like the Grinch just stole Christmas! 2. Stock markets around the world are reeling, under pressure from the... Read more »

Precious Metals Starting to Show Bullish Signs

We’ve believed that Gold would need to break $1100 before we thought a bottom could start to develop. While that could still be the case, we are starting to see building evidence that precious metals could be forming a bottom. In the past we’ve written about the importance of Gold’s performance against other... Read more »

Gold: Monitor For Powerful January Effect in Junior Miners

In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking... Read more »

Gold Shorting Exhaustion

Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy. And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals. Their sole driver has been American speculators’ extreme shorting of gold futures, which has battered gold’s... Read more »

Interview with CEO of Unconventional Oil Player

The following interview of Mr. William Gibbs was conducted by phone and email on November 30-29. Mr. Gibbs is CEO of American Sands Energy, [AMSE] an unconventional oil producer proposing to extract oil sands in Utah. The company expects to be in production of up... Read more »

Graceland Updates: What's Driving Gold Now?

1. Gold enthusiasts around the world are trying to figure out what just happened in the gold market. The price action has been dramatic, and I think I can shed some fairly bright light on the situation. 2. The general consensus is that the price of gold fell on Friday, due to anticipation of a Swiss citizen rejection... Read more »

Black Friday for Precious Metals

Black Friday has a few meanings. It has the retail connotation and interestingly also marks a Friday in September 1869 when the Gold price plummeted after two speculators attempted to corner the market. Today wasn’t that bad for precious metals but it was a Black Friday given the severe selloff and the particular... Read more »

Guyana Gold

South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there. Some of these discoveries have already been developed, with top-three producers Peru, Brazil, and Chile for example seeing their collective gold output increase by 25% since 2001.... Read more »

Scotia's Mike Hocking Calls Out Continental Gold... With Bad Math (TSX:CNL)

On November 17th, Continental Gold Ltd. (TSX: CNL) published a Preliminary Economic Assessment (PEA) of its development-stage Buriticá gold project in Colombia. It was a fantastic report: the mine expected to produce 4.8 Moz of gold, with annual production of 314,000 at industry-low cash costs of US$389/oz over the... Read more »

Graceland Updates: Can Gold Extend Its Rally?

1. While it hasn’t affected gold significantly, the price of oil has fallen quite dramatically over the past couple of months, and that’s bad news for oil companies. Profit margins are shrinking and layoffs could be coming, if the situation doesn’t improve. 2. If oil continues to decline, the shale oil producers... Read more »

Invalidation of Platinum’s Breakout

Briefly: In our opinion no speculative positions are currently justified from the risk/reward perspective. Yesterday was a day when the precious metals market took a breather, but it’s not true that nothing changed at all. Friday’s breakout in platinum was invalidated. Is this a “short again” signal? In... Read more »

GLD and Gold’s Selloff

Gold has suffered a rough couple of months, getting pounded below major support. One driver was stock-market capital flowing out of gold again, as evidenced by renewed differential selling pressure seen in gold-ETF shares. But this was minor compared to last year’s, despite extreme bearish sentiment plaguing gold.... Read more »

Gold’s Volatility and Other Things to Watch

Gold’s reversal from $1130 to $1200 combined with sharp rebounds in the gold miners has given precious metals bulls some hope that the bottom may be in. A few weeks ago we noted that the sector was extremely oversold and a snapback rally could begin. Gold has been the tell for the bear market and a real bull market... Read more »

Life Changing Opportunity in Gold Stocks

As a follower and participant in the gold bull market from 2002 until now I can say unequivocally that the two most bearish periods sentiment-wise in the bull market so far are the fall of 2008, and right now. Therefore, by definition, the two most profitable times to buy gold stocks were in the fall of 2008, and right... Read more »

Daniel Earle: “Lake Shore Gold a Missed Stock Opportunity”

On October 29th, Lake Shore Gold Corp. (TSX: LSG) reported their third-quarter financial results, boasting continued strong production and financial performance, with a 58 per cent increase in gold production and and a 15 per cent improvement... Read more »

Huge Volume Bullish Reversal in Junior Gold Miners?

In a recent landslide election, Republicans took back control of the Senate and House. President Obama’s approval rating is very low. Although there a few making money in the stock market, the majority of the American people are fed up with close to 100 million people not working. Welfare and entitlement spending... Read more »

Gold’s Support at $1000/oz.

Gold and gold miners have rebounded but remain in a technically weak position. Both markets have failed to move beyond the highs made last Friday. The same happened to the gold stocks in early October. They exploded higher one day but failed to muster anything after that. At that time Gold continued its rally for a... Read more »

Licensed, organic grower vies for Canada’s pot prize

Legal marijuana is staking its future in Canada as a rush of investors and venture capitalists compete to win the easy, early profits from medicinal sales. Yet every one of the hundreds of companies jumping into the fray have their sights set on one development they all believe is inevitable: recreational pot use. Last... Read more »

Close to the Bottom but Not There Yet

The selloff in precious metals intensified over the past week. GDXJ declined 25% in seven days while Gold plunged below $1180 to $1140 and Silver plunged below $16 and to as low as $15.20. Precious metals are becoming extremely oversold and the bear market is clearly in the 9th inning. Be on alert for a snapback rally... Read more »

Graceland Updates: Yen Massacre & Gold Muscle

1. In January of 2011, I swapped a fair amount of physical silver bullion for physical gold bullion. A couple of weeks ago, I reversed the swap. 2. When I first did the swap in 2011, silver was trading above $30. I wasn’t trying to call any tops or bottoms. Gold simply offered more relative value to me... Read more »

HUI to Gold Ratio at Its 2000 Low

Gold & Silver Trading Alert originally published on November 3rd, 2014 6:50 AM: Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are adjusting the stop-loss levels (again), so in a way we are locking-in even more of... Read more »

Canadian Golden Elephant

Elephants are the world’s largest land animals. And though there aren’t many, they can still be found scattered across the planet. In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still... Read more »

CEO.ca Tommy Humphreys - Resource Opportunities

Founder of CEO.ca, Tommy Humphreys, had the opportunity today to discuss the current state of the junior mining industry, as well as his new journalistic endeavors, at the Subscriber Investment Summit. On the wash out in the junior mining space, Humphreys commented "... that this is not... Read more »

More Downside Ahead for Precious Metals

Last week we argued that the underperformance of the gold miners during Gold’s rebound was a bad sign. Since then the miners have plunged to new lows while Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn’t be a surprise as it would simply be following the miners and Silver. The current... Read more »

Graceland Updates: Gold: Minor Weakness Is Nothing To Fear

1. As gold traded in the $1250 - $1255 area a week ago, I suggested the price would immediately decline from there, to the $1230 area or lower. 2. That’s exactly what happened. Unfortunately, by late yesterday afternoon, the decline had become a bit frightening for some gold price enthusiasts. A nasty wave of selling... Read more »

Chart Shows Potential Double or Triple in TSX Venture

Risk taking is a natural part of life, especially in the capitalist system where the greater the risk, the increased potential reward. The TSX Venture Index which is made of the Canadian start ups in junior mining and high tech is hitting lows not seen since 2002 and the 2008 Credit Crisis. Despite the record amount... Read more »

What Will the End of QE Mean for the Precious Metals?

This fall, the Federal Reserve is expected to finally wind down its latest monthly bond-buying program known as Quantitative Easing. What will the end of this $4 trillion (and counting) debacle mean for precious metals markets? The answer may be, not much. That’s not to say that gold and silver prices won’t... Read more »

Energy turmoil presents opportunity for Petroamerica Oil

Investors waiting for money to flow into the mining sector may want to consider some alternative trading ideas in the interim. Colombian focused oil producer Petroamerica Oil Corp. (PTA.TSXV) offers a good risk-reward profile at its current valuation. With... Read more »

How Will We Know That the Bottom Is In?

Briefly: In our opinion speculative long positions (half) in gold, silver and mining stocks are justified from the risk/reward perspective. Yesterday, gold closed higher than it did in the previous several weeks, which seems like a very bullish development for the entire precious metals market until one realizes... Read more »

Ace copper explorer Lowell to drill test two projects

“Three out of a thousand good looking prospects become mines,” according to Dave Lowell. The octogenarian geologist has discovered 18 ore bodies in his career, likely a world record, including La Escondida, the world’s largest copper mine. In 2013, Lowell founded a new company, Lowell Copper (JDL.v), with the... Read more »

Canadian mining leader Nolan Watson on new gold standard

At the Subscriber Investment Summit in Vancouver last Thursday, 35 year old Sandstorm Gold CEO Nolan Watson made the case for a new gold standard. “I believe that if you take actual physical gold in a vault and transact it electronically, that will be the first... Read more »

Powerful Reversal and Shakeout in the Junior Gold Miners

Summary • Three years ago in early 2011, I cautioned my readers to be careful to chase gold and silver higher as it was moving parabolic. Now it is oversold and ignored. • Be careful now of parabolic rises in the S&P500 (SPY), Long term US Treasuries (TLT) and US dollar (UUP). Investors... Read more »

Precious Metals Getting a Temporary Reprieve

Gold closed last week below $1200 for the first time but has since rebounded from support at $1180. Silver has also rebounded but only after declining in 11 of the past 12 weeks. Precious Metals endured a very rough September and became very oversold. With Gold near its daily low and the gold miners (HUI, GDX) near... Read more »

Huge Reversal in USD and Gold – Finally!

Article originally published on October 7, 2014. Briefly: In our opinion speculative long positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. The precious metals market finally rallied yesterday. Gold moved lower in the first hours of the session,... Read more »

The U.S. Shale Revolution is Underway

According to legend, during the great California and Klondike gold rushes, it was the service providers — those who sold pans and pickaxes — who made the most money, not the miners. Fast-forward to 2014 and the still-rising shale energy boom is moving the United States ever closer to energy independence. This... Read more »

Graceland Updates: Deflation Is Bullish For Gold Stocks

1. Gold-bearish Western bank economists are very lucky. They can gleefully ignore Indian black market imports in their assessment of demand and supply, and nobody questions them. 2. Thus, a tiny outflow of gold from Western ETFs in September is relentlessly highlighted as a harbinger of gold price doom, while recent... Read more »

Precious Metals to Face More Body Blows

Article originally published October 3, 2014. Gold has broken below $1200 this morning in what should begin the final breakdown. In weekly and monthly terms $1200 was the remaining support. Sure Gold could bounce from $1180 but todays breakdown is more significant. Both metals are now in breakdown... Read more »

Graceland Updates: Big Al Talks Gold Reval

1. In America, there is a lot of talk about higher interest rates, and I would argue that most of those fears are already factored into the current price of gold. Janet Yellen has not given any indication that she’s going to embark on a cycle of raising interest rates. 2. The gold-bearish economists said gold would... Read more »

Forex Volatility Predicting Bottom in Precious Metals?

Summary - Volatility in foreign exchange market as investors flee euro and yen for liquid U.S. dollar. - Euro and yen hitting multi-year lows. Inflation picking up outside US. - US dollar seen as temporary safe haven. Could the US dollar be the next currency to decline? - Precious metals... Read more »

Accumulation May Follow Selling in Junior Gold Miners

Gold and silver prices have been declining as the US dollar begins to test multi-year highs. The US dollar is very overbought as investors fear that the US will raise interest rates while other countries continue to print money like the ECB and China. This rally in the US dollar should not last long as it may be... Read more »

Graceland Updates: The Golden Kiss

1. I prefer the “KIS” motto to the more common “KISS”. I define it as, “Keep It Simple”. Simply put, gold bullion is the ultimate asset, but when the price declines, Western investors often become nervous. 2. Some investors try to mitigate their worry, by reviewing factors that... Read more »

Cheap Gold Stocks’ Upleg Intact

Gold stocks have plunged in September, crushed by the withering selling pressure from heavy futures shorting hammering gold. As usual, these falling prices have kindled extreme bearishness on this left-for-dead sector. But despite this rotten sentiment, gold stocks’ young upleg remains very much intact technically.... Read more »

Bird’s Eye View of the Gold Stocks

Since last summer, investing in the mining sector has been akin to riding a mini roller coaster. There have been two huge rallies, two sudden and sharp declines while more than a handful of individual stocks have rebounded over 200% from their lows. Nevertheless, as we noted a few weeks ago the weakness of the metals... Read more »

Prospects for Solar Brigher Than Ever

I've been reading titles like this for years. The same for titles about the imminent tipping point of the adoption of electric vehicles. Well, we seem pretty close on EVs, what about solar? I don't know how to define a tipping point in solar, but adoption is exploding. Everyone knows that the costs to manufacture solar... Read more »

Junior Gold Miners Forecasting Bottom In Precious Metals

This past week I have had to cut back on my publishing due to my travels to the Precious Metals Summit where I had back to back meetings with some of the top fund managers, investors and over 30 of the highest quality junior miners. I was able to get updates in person of current and past holdings as well as potential... Read more »

QE3’s Ominous End Looms

The Federal Reserve’s third quantitative-easing campaign is on track to wind down in late October. At that point the Fed will likely stop printing new money to buy bonds, a sea-change shift with ominous implications for the stock markets. Their entire surreal levitation during QE3 mirrored the huge growth in the Fed’s... Read more »

Strong Reversal Augurs for Rough September

In recent weeks we wrote about the ongoing consolidation in precious metals miners. We touched on the history of September, not as a bullish month but as an important inflection point. With the miners holding up well and Gold still holding its lows we thought a breakout could be coming. Yet we’ve been whipsawed before.... Read more »

Gold & Silver: Jobs Report Tactics

1. Gold has a rough general tendency to decline during the week leading up to the release of the US Employment Situation Report (jobs report). 2. Following the release of that report (Friday at 8:30AM), gold tends to begin a decent minor or intermediate trend rally. 3. Gold has exhibited this trading pattern for... Read more »

Low-Cost Transcontinental Gold

Back in 2001 Turkey produced less than 50k ounces of gold, an insignificant amount considering the geological potential of this transcontinental country. The prolific Tethyan Metallogenic belt, which covers a large part of it, offers an environment capable of hosting large precious-metals deposits. But strangely even... Read more »

Road Sign Says: Pot Of Gold Ahead

1. A week ago, I suggested gold would likely decline from the $1300 area to about $1275 and stop there, adding bullish symmetry to an inverse head and shoulders bottom pattern. 2. Please click here now. That’s... Read more »

Gold Rising-Rate Fallacy

Gold has slid during this past week on mounting fears of interest-rate hikes. Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch. They worry gold will be crushed when the Fed... Read more »

Smart Money Looking at This Junior Miner in Nevada

I recently was quoted in this interview with The Gold Report about Nulegacy Gold. “I recently visited NuLegacy Gold Corporation (NUG:TSX.V; NULGF:OTCPK). The company... Read more »

Dollar Soars to New Highs

Briefly: In our opinion no speculative positions in gold, silver and mining stocks are now justified from the risk/reward perspective. The back-and-forth trading in the USD Index ended as it pierced through the short-term resistance and also above this year’s high. As we have emphasized many times previously, the... Read more »

Oreninc on Project Valuation

Benjamin Cox speaks on the state of valuations in the metals and mining space. Currently, junior companies seem to be irrational about their project valuations, whereas majors and larger companies are liquidating decent assets at fair prices and seem to have a good grasp of what their projects are worth in today’s... Read more »

Gold Stocks’ Major New Upleg

The gold stocks are almost certainly in the early stages of a major new upleg. Given the widespread apathy and antipathy still plaguing this beaten-down sector, that’s hard for most traders to swallow. But the gold stocks’ performance this year has already been outstanding. And heading into gold’s strong season,... Read more »

Miners Have Already Rallied – Will Metals Follow?

Briefly: In our opinion no speculative positions in gold, silver and mining stocks are now justified from the risk/reward perspective. When one looks at gold and silver prices and their moves yesterday, it might seem that nothing happened in the precious metals market. That’s far from the truth because the real... Read more »

Oreninc: Killing Projects

Benjamin Cox speaks on the different stages of project review. He mentions that Oreninc currently has an intern working on project review and how this has allowed the intern to do real work. Benjamin frames the intern’s reactions to discuss the process of project review. First is euphoria, where you are magically... Read more »

Bullion Banks: Unexpected Allies

1. Most investors buy gold because they are nervous about the financial system, government debt/bureaucracy, central bank money printing, and dangerous geopolitical developments. In a nutshell, that’s the “fear trade” for gold. 2. The fear trade is a great reason to own a core position in gold now, and forever.... Read more »

Miners Next Move: Breakout or Breakdown?

We’ve been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold could begin a deeper decline and the miners would... Read more »

GLD Holdings Set to Surge

The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat. Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments. This year’s resiliency in the face of the ongoing stock-market melt-up almost... Read more »

Gold and Dollar’s July Rally

Briefly: In our opinion (half) speculative short positions in gold, silver and mining stocks are now justified from the risk/reward perspective. Gold and the rest of the precious metals market moved higher on Friday and the volume was not low. It was lower (for the GLD ETF) than what we had seen during Thursday’s... Read more »

More Weakness Ahead for the Miners

No pain, no gain. That is one comment regarding this seemingly terminal bottoming process in the precious metals complex. Multiple times as soon as conditions have strengthened enough for us to anticipate a breakout, the miners have put in a bearish reversal. At the same time, the metals and especially Gold have failed... Read more »

Euro’s Breakdown and Its Implications

Briefly: In our opinion (full) speculative short positions in gold, silver and mining stocks are now justified from the risk/reward perspective. The Euro Index broke decisively below the rising long-term support line (based on the 2012 and mid-2013 bottoms) and this is a major event not only for the currency itself,... Read more »

Gold: If The Worst Is Over, What's Next?

1. A number of top bank economists have turned bullish on gold in the past few months. That’s helping to boost confidence amongst thousands of Western gold community investors. 2. Scotiabank and HSBC have lead the way on that front, and now top metals strategist Mike Widmer at Merrill Lynch has thrown his weight... Read more »

Will Gold Drag Down the Miners?

We know that the gold and silver stocks lead the metals at key turning points. The stocks started their bear market well ahead of Gold. This year the stocks have exhibited excellent relative strength. Gold and Silver are up less than 10% this year while GDX is up 27% and GDXJ is up 43%. In recent days GDX and GDXJ reached... Read more »

SPX Highs A Fed Illusion

The surreal US stock markets have continued melting up in recent months, spurred ever higher by the Federal Reserve’s money printing and jawboning. The resulting record highs in the headline indexes have been widely trumpeted by Wall Street as evidence of a strong secular bull underway, with years still left to run... Read more »

Nuances Of The Gold Jewellery Era

1. There’s a widespread belief that Western investors only buy strength, while Eastern investors only buy weakness. That’s not completely accurate. 2. Please click here now. As gold declined towards... Read more »

Massive PM-Futures Buying

Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer doldrums when global precious-metals investment demand... Read more »

Gold and Silver Stocks: It’s Old Turkey Time!

Those familiar with Jesse Livermore and the book Reminiscences of a Stock Operator know who Old Turkey is. He was Mr. Partridge, an old trader who dispensed great wisdom in few words. Those at the office nicknamed him Turkey because of the way in which he strutted around with his chest puffed out. Livermore gleaned... Read more »

Gold Price Rubber Meets Indian Budget Road?

Article originally published on July 8, 2014. 1. Recent liquidity flows on the COMEX suggest the gold market may need to retrace some of the recent gains, before moving higher. 2. Please click here now. This snapshot of yesterday’s... Read more »

Canamex Resources Hits High Grade Discovery in Nevada

Article originally published on July 7, 2014. I was planning to have a quiet holiday vacation day with my family but one of my favorite junior gold miners in Nevada, Canamex Resources (CSQ.V or CNMXF) was halted by the company pending news. This morning Canamex Resources resumed trading after they announced a... Read more »

Top Junior Gold Producer

The Timmins gold district is by far the most productive within Canada’s prolific Abitibi greenstone belt. It has produced in the neighborhood of 70m ounces of gold, and operations are still going strong. Namesake mining company Timmins Gold is forecasting 2014 output of 120k ounces, making it one of North America’s... Read more »

Junior Gold Stocks: Half Year Report Card

1. Has gold topped out, or is it beginning a new leg higher? 2. Please click here now. That’s the hourly bars gold chart. A persuasive argument can be made that gold staged an upside breakout last night. 3.... Read more »

Why 2 NYSE Gold Producers Desire this Nevada Junior Miner

If you're looking for leverage to a rising gold price then I would stick to the junior miners (GDXJ) over the majors. Many of the large miners (GDX) have had to take huge write downs on some poor decisions in questionable jurisdictions. However, there are a few junior producers and explorers in North America in mining... Read more »

Record Gold-Stock Summer?

Gold stocks have defied the odds to blast higher in the early summer doldrums. Investors have flocked back in recent weeks, their heavy buying driving record June-to-date gains. If this newfound momentum continues, gold stocks have the potential to achieve a record summer. With their exceptionally-bullish technicals... Read more »

June is for Junior Gold Miners: Up Near 30% This Month

Summary • Technical signals have been turning positive for some time in the precious metals and junior miners. • Record short position may soon need to cover as major accumulation and investment interest has entered the precious metals sector. • June has been a marvelous month for the junior... Read more »

Gold: Failed Breakdown to Fast Move Higher?

Gold has failed to breakdown significantly from the tight coil pattern it created over a 2-month period. Failed breakdowns often mark key reversal points in markets, especially after moves that take a while to play out. In a downtrend, the duration of the move produces the angst and disgust that causes most of the selling.... Read more »

Central Bank Gamblers Versus Gold Stocks

Originally published on June 17, 2014. 1. Today is a very important day at City Hall in London, England. Central bank research group OMFIF is presenting a blockbuster report on public sector spending. I think that everyone in the global gold community should take note of it. 2. OMFIF argues, quite persuasively,... Read more »

Black Swans Increasing Demand in Junior Gold Miners

Are the blacks swans waking you up from the summer doldrums? The technical signals are turning positive for gold (GLD), silver (SLV) and the junior gold (GDXJ) and silver (SIL) miners. The record shorts such as hedge funds and high speed traders who have been manipulating the paper market may soon run scared as major... Read more »

Stock-Bull Topping 2

The US stock markets’ Fed-driven melt-up has accelerated again in recent weeks, with a string of new nominal record highs. This has reignited truly extraordinary levels of greed, euphoria, and complacency. But for traders who have witnessed past bull toppings, there is an ominous sense of deja vu. It turns out this... Read more »

Why Capital May Be Flowing From Equities to Junior Miners

The gold (GLD) and silver (SLV) price may be reversing over the next couple of weeks. The junior miner gold ETF (GDXJ) is reversing above the 50 day moving average and breaking above its recent three month downtrend. Click here for reference... Read more »

Miners Break Out Despite Dollar's Rally

Briefly: In our opinion no speculative positions in gold, silver and mining stocks are justified from the risk/reward perspective. The precious metals market moved higher yesterday, which was in tune with what we've been expecting. The key question is if gold, silver and mining stocks have completed... Read more »

Gold Charts Eye Candy

1. Liquidity flows into or out of the “love trade” (gold jewelry) and the “fear trade” (inflation and financial system risk), are the two main drivers of the price of gold. 2. The strongest gold jewellery buyers are in India, and the election of Narendra Modi has already unleashed a huge wave of confidence... Read more »

Interview of Gold Standard Ventures (GSV) CEO

Gold Standard Ventures (GSV) has received a great deal of attention lately. It all started in March when the company closed on the 100% consolidation of its highly prospective Pinion deposit. Then, in the first week of May, Gold Standard presented at the Gold... Read more »

Bullish Record PM Shorting

The precious metals plunged last week, knifing through key support zones to unleash an explosion of bearish sentiment. This troubling heavy selling wasn’t news-driven, it emerged out of the blue. Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at... Read more »

Gold’s Key Fundamental Driver

Barry Ritholtz is out with another article spelling more doom for the precious metals sector and the gold bugs. The self proclaimed “Gold Agnostic” penned a 2500... Read more »

Mergers and Acquisitions Picking Up in Gold Sector

A few days ago, B2Gold announced a $570 million acquisition of Papillon Resources. This merger seems to me a very bullish sign for emerging gold producers. Papillon was taken out at about $125/oz of gold. That's $125/oz of Measured, Indicated and Inferred resource. Papillon's asset... Read more »

Precious Metals Moving Closer to Bottom

Though precious metals are rallying on the day we pen this (May 30), we expect more downside before a final bottom or at least before we’ll exit hedges and begin buying. Since the hard reversal in March we’ve had the view that precious metals would decline and the miners could retest their December lows. We’ve... Read more »

Top Mining Minds: Richard Warke, Augusta Resources

With over thirty years spent in the global resource sector, with a particular focus on mining, there is no doubt that Richard Warke provides an experienced and well-respected voice for the resource industry. In addition to his experience in mineral operations, Mr. Warke has also spent time in oil and gas, forestry,... Read more »

Shanghai Gold Exchange Gets Shark Teeth

Originally published on May 27, 2014. 1. Today is expiry day for gold options. Please click here now. I’ve suggested that gold is unlikely to begin a trending move until options on the June COMEX contract expire. 2.... Read more »

Gold Bear Market Losing Momentum

It's constructive to look at the other side of your positions to see where you might be wrong. If you're long a market a good way to do this is by taking the inverse of the symbol representing your position. At stockcharts.com, you do this by putting "$ONE:" in front of your symbol and it shows you a chart of the inverse... Read more »

More of the Same – For How Long?

Briefly: In our opinion speculative short positions (half) in gold, silver, and mining stocks are justified from the risk/reward perspective. The history repeats itself once again – gold just attempted to move higher but failed to ignite anything more than a small daily rally. Let’s see if there’s anything... Read more »

Turnaround

Briefly: In our opinion speculative short positions (half) in gold, silver, and mining stocks are justified from the risk/reward perspective. The history repeats itself and we have just seen another example confirming this statement. Gold once again moved higher initially but failed to hold its gains even until the... Read more »

Gold Strengthens and Financial Stocks Deteriorate

1. Gold continues to trade sideways. 2. The next trending move may be decided by an important economic report. Janet Yellen is scheduled to speak at Yankee Stadium tomorrow morning, and the FOMC minutes will be released a few hours later. 3. Investors in the gold community know that most bank analysts are bearish... Read more »

Critical Support in Silver

Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective in gold, silver, and mining stocks. The previous week started quite favorably for precious metals bulls, but as the week progressed, the situation became less bullish, and finally we saw some bearish signs. Overall,... Read more »

Interview of CEO James Anderson, NuLegacy Gold

Summary - NuLegacy Gold is earning into a 70% interest in the Iceberg deposit, one of Barrick Gold's prized Cortez Trend (Nevada) properties. - The Iceberg deposit is on Trend with 3 world-class Barrick properties that contain from 15-21 million ounces of gold each. - Minimal equity dilution... Read more »

Gold Doesn’t Decline Despite Dollar’s Rally

Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective in gold, silver, and mining stocks. Yesterday was another day during which the precious metals sector didn’t really decline (just a little) despite a move higher in the USD Index. Let’s check if the situation... Read more »

Pershing Gold Advances Nevada Mine

- Pershing Gold released encouraging preliminary testing of prospective gold recoveries... an important de-risking event. - Pershing management team in talks with the BLM to restart operations within prior pit boundaries. - Company presented last week at the European Gold Forum, institutional interest in Pershing... Read more »

Gold Stocks Rolling to Early Summer Low

Last week we speculated that a decline in May would create an opportunity. We concluded: The near term prognosis looks cut and dry. Until proven otherwise the short-term trend is down. If that is confirmed in the coming days then let these markets fall to strong support before buying. The Ukraine-induced alleged safe... Read more »

Major Stock Selloff Looms

A major selloff is brewing in the lofty US stock markets, which have been grinding sideways for a couple months now.  Momentum has faded despite selective positive earnings-season news and Janet Yellen’s jawboning.  Stocks remain very overvalued, way too expensive for prudent investors to buy.  And it’s been... Read more »

Dollar’s Plunge and Its Implications

Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective for gold, silver, and mining stocks. The most important thing that we saw in the markets yesterday was the major decline in the USD Index and the lack of proper response from gold, silver and mining stocks. Such... Read more »

It Pays to Wait for Big Opportunities

I listen to CNBC sometimes. Usually when I'm running around or working out or something. Not for the opinions of the traders, which I find more entertaining than useful or informative. Mostly for the news: earnings reports, profiles on new products and companies, etc. They do an okay job of covering major financial... Read more »

Gold Loves Trade Brings Stability

1. Western bank economists continue to make very bold and aggressive statements about lower gold prices in 2014, based on stronger growth in America. 2. Their thesis is that stronger growth will trigger more ETF selling in gold ETFs. These economists seem to assume that current Western investors are as weak-handed... Read more »

New Gold in the Pipeline

New Gold’s 2014 midpoint guidance has it producing 400k ounces of gold at all-in sustaining costs of $825 per ounce. This production profile, which is the product of a well-diversified portfolio of mines, places NGD among the mid-tier elite. But perhaps most impressive about this company is its spectacular pipeline... Read more »

Decline in Gold & Silver Create Opportunity

Last week we noted that the gold and silver shares had formed a short-term rebound in response to an oversold condition. Yet we felt that the downtrend that originated from the hard reversal in March was still in effect. As we go to publish, the rebound appears to be petering out. Be aware that there is more potential... Read more »

Miners Break Out But Gold Fails to Follow

Briefly: In our opinion no speculative positions are justified from the risk/reward perspective. The situation in the precious metals sector remains tense – miners have broken above the declining resistance line, while gold hasn’t. However, taking Friday’s intraday move in the USD into account, we can say more... Read more »

Gold-Futures Selloff Wanes

Gold’s sharp selloffs since mid-March have been mostly driven by American futures speculators’ heavy selling. These traders dramatically slashed their long bets on gold while ramping up their shorts. The resulting deluge of supply flooded the market and temporarily overwhelmed demand. But intense bouts of gold-futures... Read more »

Gold and Silver Stocks Begin Oversold Bounce

The bottoming process for gold and silver shares has been arduous as they’ve oscillated back and forth for almost a year. We noted a month ago that the failed breakout in March was strong evidence that an interim top was in place. Heading into this week it looked like the miners would fall further before finding support.... Read more »

GDX Gold-Stock Benchmark

The American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance. Nearing its eighth birthday, GDX has even usurped the venerable HUI gold-stock index as this sector’s metric of choice in many circles. While GDX has advantages and disadvantages compared to the traditional... Read more »

More Weakness Ahead for Precious Metals

The Fed minutes were dovish and this helped push Gold above $1310 to $1320. However, the miners, which usually lead the metals did little to confirm the rise. In fact, the miners have been relatively weak in recent days and had a bearish reversal on Thursday. Their rebound from an oversold condition has petered out.... Read more »

Interest Rate Hikes on Horizon? Not Likely

Recent weeks were not bad for those gold investors’ hearts filled with golden hopes. The price of gold depends on many factors, but past patterns can give us important hints and suggest which of them are to be carefully studied and properly comprehended. If history were to teach us anything about gold’s past market... Read more »

Gold and the Ideal Buy Point

Next month marks the 3-year anniversary of the bear market in silver that started in May 2011. Later this summer we will hit the 3-year anniversaries of the bear markets in gold and gold stocks. We are now psychologically conditioned for pain and punishment in the gold markets and to beware of the next downward plunge. In... Read more »

Contrarian Gold Stocks 4

Gold stocks have lapsed back to despised status after late March’s sharp selloff. Thanks to their strong 2014 rally before that, traders were slightly warming to this abandoned sector. But despite the rekindled extreme bearishness, gold stocks remain the greatest bargain in all the stock markets. Their prices are... Read more »

An Update on Gold

It’s been a while since we looked at Gold in a vacuum. We’ve focused on the gold stocks as they have led the sector. We covered Silver last week. Gold is more interesting because in its current state it's more difficult to draw a strong conclusion. One could look at the evidence and go either way. Today Gold is... Read more »

Gold Mid-Tier Set for Growth

In 2014 B2Gold is targeting gold production of 410k ounces from three different mines. This would be record output for this new mid-tier, a whopping 159% increase in volume over just a couple years ago. And with its fourth mine on schedule to pour its first gold in Q4, B2Gold is looking at an annual production rate... Read more »

Avarone Metals - High Risk, Return Junior Gold Explorer

Last week I held a series of phone calls with Marc Levy, CEO of junior gold explorer Avarone Metals, [AVM.V]. I first met Mr. Levy in Toronto at this year’s PDAC. Avarone has a market cap of about $6 million and no debt. It is exploring primarily for gold (with secondary targets of silver, copper, zinc and lead) in... Read more »

Confirmation of a Breakdown

Briefly: In our opinion short speculative positions in silver (half) and mining stocks (full) are justified from the risk/reward perspective. Friday was generally a calm day in the precious metals market and for the currency indices. The initial moves higher (in the early part of the session) were mostly invalidated... Read more »

Failed Breakout Marks Interim Top

Unless you’ve been living under a rock, then you have witnessed the now false breakout in Gold and gold stocks. Our expectation was that the breakout would take Gold to $1420 and the stocks up to their neckline resistance (GDX $30 and GDXJ $51) and then we’d see the first real correction since the December low.... Read more »

Can Gold and Interest Rates Rise at Same Time?

Can the gold price be fundamentally related to some other economic variables? Can we use those variables successfully in trying to predict the future price of gold? Is gold highly correlated with any of those variables? Last year a very insightful and interesting... Read more »

Big Gold-Futures Buying

Gold’s strong rebound upleg this year has been driven by big gold-futures buying. After abandoning gold last year, American futures speculators are returning to the yellow metal in droves. These capital inflows are a very bullish harbinger, as major futures buying is the primary fuel for young gold uplegs before investors... Read more »

Gold-ETF Inflows Return

Stock-market capital finally started flowing back into the flagship GLD gold ETF for the first time in 14 months in February! Though this buying was small, this is truly a momentous event. Extreme gold-ETF outflows were the dominant culprit behind last year’s epic gold selloff. Without that massive influx of additional... Read more »

Gold Fails to Rally

Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective. We are closing half of the long-term investment position in gold. As you know, we had been expecting the tensions in Ukraine to cause a significant rally in gold (not necessarily... Read more »

PDAC Underscores Muted Sentiment toward Gold

The buzz phrase at PDAC 2014 could be described as “cautious optimism.” Executives, analysts and investors seem to believe a corner has been turned but failed to show any excitement or hope beyond that. Some participants estimated that attendance was down 20% from last year and much lower than 2012. I did not attend... Read more »

Dollar Rallies, Gold Declines

In short: In our opinion short positions (half): gold, silver, and mining stocks are justified from the risk/reward perspective. The entire precious metals sector declined yesterday, even gold. Has the situation changed enough to double the short position? Let’s take a closer look (charts courtesy of http://stockcharts.com). ... Read more »

Gold & Silver Trading Alert: Juniors' Outperformance

In short: In our opinion short positions (half): gold, silver, and mining stocks are justified from the risk/reward perspective. Gold, silver and mining stocks didn’t do much on Friday, so what we wrote in Friday’s alert is generally up-to-date. However, since the week is over, we have weekly closing prices and... Read more »

Silver's Upswing and Euro's Resistance

Not much happened in gold and mining stocks this week, but silver moved higher. We sometimes saw this type of divergence right at the local tops, but it was not an extremely reliable sign. Let’s take a closer look (charts courtesy of http://stockcharts.com). Click... Read more »

How will a Dovish Janet Yellen Affect Gold?

On January 29, Chairman of the Fed announced that the Federal Reserve would continue with their tapering plan and cut QE by a further $10 billion to $65 billion in bond purchases. The move unsettled markets and specifically brought attention to whether the growth that emerging markets had been enjoying in the past year... Read more »

Richard Coglon on the Sino-Pacific Trading Company

Late last year, Sino-Pacific Trading Group emerged as a major player in the trading and logistics sector.  This Hong Kong based agency is focused on acquisition and investment opportunities in the mining resource sector as well as sourcing, acquiring, and importing petroleum related products into mainland China. We... Read more »

Analysts Turning Bullish on Gold

The price of gold gained $10 per ounce in London trade Thursday morning, gaining 2.2% for the week so far to trade at $1346 as several analysts said they were "turning bullish".  World stock markets... Read more »

World Gold Council - Q2 Report 2013

Since 1996, the World Gold Council has produced a quarterly summary of the state of gold worldwide, the Gold Demand Trends (GTD) report.... Read more »

Gold Jumps to 3 Month High

Gold jumped to new 3-month highs as London traders returned from the August Bank Holiday on Tuesday, rising above $1418 per ounce as world stock markets fell. Silver hit its best level since April at $24.50 per ounce. ... Read more »

Gary Savage - Interview - Smart Money Tracker

Following a week of explosive precious metals and mining share prices, Gary Savage, technical gold trader and publisher of the Smart Money Tracker, was kind enough to share his comments. Gary’s trading calls have outperformed most of the world’s... Read more »

3 Precious Metal Stocks to Look at Right Now

It's been a long painful slide for gold and silver - but if today's trend continues the worst may very well be over. In a recent article entitled, "Why Gold May Trend Up for the Rest of 2013", MiningFeeds guest contributor... Read more »

Why Gold May Trend Up for the Rest of 2013

Put aside the rise in US interest rates, GDP and Fed tapering talk. Just glance at the rest of this summer's headlines, and you'd think it offered a bull market for 'hard money' gold and silver. 1.  Japan is ... Read more »

Gold Rebounds From $1180 per Ounce - Now What?

Gold is trading back above $1322 which was a two-year low when hit by April's gold crash. So is the recovery underway? Maybe, maybe not. We take... Read more »

Rob McEwen - Interview - McEwen Mining: MUX

During a time in which the mining sector is struggling to survive a darwinian period, legendary mine developer Rob McEwen was kind enough to share perspective on the state of the market. Rob was the founder and former Chairman and CEO of Goldcorp Inc. (Stock... Read more »

Gold Heading for Biggest Quarterly Drop in Decades

Gold prices fell back towards $1230 an ounce Thursday morning in London, having ticked higher in earlier Asian trading, as stocks and commodities were little changed on the day and the Dollar was also flat after showing little reaction to yesterday's downward revision for US economic growth.... Read more »

Could Gold Hit $900 and Still be in a Bull Market?

Winston Churchill is famously known for having said, "The further back you look, the further ahead you can see," and indeed, historical precedent is one of the few tools we have at our disposal when studying major market trends, and in today's case, the trend in gold. The... Read more »

Blame Bernanke for the Volatility in Gold

The price of gold hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and $22 respectively. European stock markets ticked higher by lunchtime – with the exception of Germany's DAX – regaining some of yesterday's losses,... Read more »

Gold Testing Key Support Level of $1,403

Gold bullion prices fell to three week lows around $1,410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data. Gold in Euros fell as low as €1,094 an ounce, while gold in Sterling fell... Read more »

Is the Downtrend in Gold Still Bearish?

Spot gold prices slipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs. Silver held above $24.00 per ounce, just shy of last week's finish,... Read more »

Tommy Humphreys - Lukas Lundin Interview

“Did you know you were getting the better end of that deal with Kinross?” I asked Lukas Lundin in his Vancouver office earlier this week. “No No No,” he told me, “we thought it was worth more. You always love your own stuff.” Lukas laughed infectiously. Soon I was laughing along with him. The Lundin... Read more »

Q&A with Sentry Investments Portfolio Manager Jon Case

Sentry manages over $10 billion in assets, representing over 300,000 Canadian clients, and has further received numerous industry distinctions. I had the chance to connect recently with one of Canada's rising fund managers, Jon... Read more »

Gold and Silver Edging Higher

Gold started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy's borrowing costs have fallen. ... Read more »

World Gold Production 2013

In 2012 world gold production reached 2,700 tonnes of gold (USGS) - slightly higher than production in 2011 and marginally higher than 2,600 tonnes of gold in 2001 (previous highs). This increase masks major changes in the structure of production costs for gold mines around the world. In 2001, for 2,600 tonnes, an... Read more »

Pretium Resources: CEO Interview

Pretivm Resources’ Valley of the Kings discovery on the Brucejack property in Northern B.C. is just about the best Canadian gold project in the hands of a development company right now. It’s got grade, size, low CapEx and ease of permitting all going for it. The recent sell off in gold and related equities has... Read more »

Gold Loses One Trillion Dollars in Value

Spot market gold prices fell to a fresh two-year low in Tuesday's Asian trading, dropping to $1322 per ounce, before rallying back above $1386, as stock markets extended yesterday's losses. Silver dropped to its lowest level since September 2010 at $22.10 an ounce before it too recovered some ground. Oil was down... Read more »

Gold & Silver Continue to Slide

U.S. dollar gold prices fell below $1550 an ounce Friday morning, though they remained above last week's low, as stocks and commodities also fell and the Dollar strengthened, with Eurozone finance ministers set to discuss Cyprus, Ireland and Portugal today.  "Current... Read more »

"We May Never See Gold At These Levels Ever Again"

I had the chance yesterday to speak with technical gold trader Gary Savage, publisher of the “Smart Money Tracker”, daily gold market commentary and trading service, which has outperformed most of the world’s hedge funds in 2011 and 2012. It was a powerful... Read more »

Frank Giustra on the Road in Colombia

“We were almost killed several times,” Frank Giustra tells me. He’s recalling his first trip to Colombia in 1994 with his friend Serafino Iacono. FARC guerrillas and cocaine traffickers had made the country the most dangerous in the Americas, but it seemed like nothing could stop the two young natural resource... Read more »

James (Jamie) Dimon Resignation Hoax

It is being reported that James (Jamie) Dimon recently resigned as chairman and CEO of JP Morgan Chase. Stop the press. The letter is just an internet hoax. In actuality, the board of directors of JP Morgan Chase said on Friday, March 22nd it "strongly... Read more »

Cyprus Bail-Out Sparks Gold

The price of gold leapt 1% against the Dollar and 2.3% against the Euro at the start of Asian trade Monday, as global shares sank and major-government bonds rose following the Cyprus bail-out deal announced by European politicians at the weekend. "[German negotiators] were hand in hand with Finns," says an unnamed... Read more »

Tug of War Between Physical Gold Buyers and ETF Sellers

U.S. dollar prices to buy gold hovered around $1575 per ounce Wednesday morning in London, in line with last week's close, as dealers in Asia reported an increase in demand for physical bullion, in contrast with exchange traded funds, which have continued to see selling, in what one analyst calls a "tug of war" between... Read more »

Gold ETFs See Record Monthly Outflows

Spot market gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record. "ETFs will... Read more »

Will Italian Elections Lead to Eurozone Instability?

U.S. Dollar prices for gold rose briefly above $1600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result. Italian markets were especially affected,... Read more »

Rob McEwen: People Will Return to Gold

I had the opportunity yesterday to speak with legendary founder and former CEO of GoldCorp, Rob McEwen. He is now the CEO, Chairman, and largest shareholder of McEwen Mining (Stock Profile - TSX:MUX & NYSE:MUX). It was a powerful conversation,... Read more »

Mining Stocks to Watch in 2013 - Part 1

It's time for our annual Stocks to Watch list. 2013 is well underway and we've seen some very interesting developments in the mining markets. Despite the obvious issues facing the global economy, there is a subtle optimism brewing that perhaps the worst is behind us. To some degree, watching the DJIA hit new 52 week... Read more »

Gold Prices Hit 6 Month Low

Gold prices extended losses on Friday to hit a six-month low and breached key chart support levels at $1,625, its previous low for the year, triggering a technically-driven sell-off. Gold stocks and ETFs are also down sharply today. "Prospects... Read more »

Top Mining Minds: Stan Bharti, Forbes & Manhattan

Stan Bharti is a professional mining engineer, business consultant, international financier, and entrepreneur. In 2002, Mr. Bharti founded Forbes & Manhattan, a private merchant banking organization with a focus on the natural resources sector. Today, Forbes & Manhattan has investment interests in a large... Read more »

Dr. Peter Megaw Interview From MAG Silver

In one of the more fascinating conversations I've had over the last year, I was able to connect with exploration geologist, Dr. Peter Megaw. Dr. Megaw is an expert on Mexican gold and silver exploration, and has authored a number of scientific pieces on ore deposits. He is also a director of... Read more »

Are Investors Losing Interest in Gold & Silver?

US dollar gold prices fell to a one-week low Monday morning in London, dropping to $1660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday. "We are neutral [on gold] until the current consolidation resolves itself," says the latest technical analysis report from... Read more »

Unemployment Rate in Spain Above 26%

The number of unemployed in Spain rose to 4.98 million last month, official figures published Monday show. Last month brought news that the unemployment rate rose to record levels above 26% towards the end of 2012. ... Read more »

Tekoa Da Silva - Ross Beaty Interview

I had the great opportunity yesterday to connect with legendary resource developer & financier, Ross Beaty, founder and chairman of the $2.7B Pan American Silver Corp., and executive chairman of Alterra Power Corp. Throughout his 37 year career, Ross has generated an astounding sum of over $4B worth of shareholder... Read more »

What's Going On With Gold and Gold Stocks?

If you are a gold bug the past three and a half months have not been good. Since peaking at $1,798.05 on October 4th, 2012, the price of gold has been losing ground and closed on Friday at $1,657.85. This marks a 7.8% loss in less than four months. Meanwhile, the major equity markets have caught fire - over the same... Read more »

Mining in British Columbia Today

While grassroots mineral exploration activity appears to be down in 2012 compared with 2011, there were many advanced exploration projects including New Gold’s Blackwater (Stock Profile - TSX:NGD), Pretium’s Brucejack (Stock... Read more »

Ben Bernanke: US Economy Not Out of the Woods

The US economy "is not out of the woods" according to Federal Reserve chairman Ben Bernanke, speaking at a question and answer session at the University of Michigan Monday.  "I want to be clear that while we've made progress, there's still quite a ways to... Read more »

The British Pound's Little-Known Crisis of 2015

It may be only a matter of weeks before the Pound's next great decline begins... Right AT the top of... Read more »

India and China Buying More Gold As Price Falls

Wholesale gold bullion prices hovered around $1650 an ounce Friday morning in London, having earlier hit fresh four-month lows, while stocks edged lower and US Treasuries gained despite little evident progress in Washington to avoid the so-called fiscal cliff. Silver traded either side of $30 an ounce meantime, having... Read more »

Japan "Will Now Print and Spend" After LDP Win

The wholesale gold bullion price rose to $1693 per ounce during Monday morning's London trading, but remained slightly below where it ended last week following falls in Asia, where the Yen opened sharply lower against the Dollar before recovering some ground following the result of Japan's general election. "Gold... Read more »

Junior Mining Stocks - Buy, Hold or Sell?

As we begin to count down the remaining days in 2012 many investors in junior mining stocks are faced with the same decision - do I sell my shares for a tax loss or do I hold onto hope for 2013? Yes, that is the scope of the carnage in the junior mining markets today. 2012 was, without question, one of the worst... Read more »

Gold's Uptrend; Berlusconi's Desperation

Gold bullion prices rose to one-week highs above $1710 an ounce Monday morning, while European stock markets fell following news that Italy's prime minister plans to resign. [caption id="attachment_14293" align="alignleft" width="415" caption="Silvio Berlusconi speaks of "Desperation""] ... Read more »

December a Poor Performing Month for Gold

Gold traded in a narrow range around $1691 per ounce Thursday morning in London, rising slightly from yesterday's 1-month low. "Over the past 4 years December has traditionally been a poor performing month for gold," writes Moudi Raad at Swiss refinery group MKS, "averaging a decline of around 8% over that period." Since... Read more »

Goldgroup Mining: CEO Interview

2011 was a banner year for Goldgroup. The company completed its earn-in interest for 100% ownership of its flagship project, Caballo Blanco, situated near Veracruz, Mexico and completed a $40.25 million financing at $1.40 per share to fund development expenses (Stock... Read more »

Gold Following Long Term Uptrend

The price of gold fell back below $1715 an ounce Monday morning in London, more-or-less in line with where they were two weeks ago after failing to hold gains made during Asian trading. "Gold is still following its long term uptrend from 2008 lows," say technical analysts at Scotiabank, "with support from the uptrend... Read more »

Gold Average Price Forecast for 2013 at $1920

Gold reached $1730 per ounce in early London trading on Friday – the same level seen just before last week's late jump and subsequent 2.0% sell-off on Wednesday. Silver touched a new 8-week high just shy of $34.40 per ounce and the broader commodities market ticked lower. Major-government debt prices were flat... Read more »

Geologix Delays Create Uncertainty

Last week Geologix Explorations announced they are now evaluating a new engineering concept and an alternative processing procedure for their flagship Tepal gold-copper project in Michoacan state, Mexico. Analysts expected the Tepal project to reach production in 2014. But with the news from last week, further delays... Read more »

Markets Unimpressed With Greek Deal

Eurozone finance ministers agreed early on Tuesday to amend the timetable for reducing Greece's debt-to-GDP ratio. Greece is now expected to bring the ratio down to 124% by 2020, up from the previous target of 120%. An additional target of "substantially lower than 110%" has been set for 2022, while by 2016 Greece... Read more »

Gold Down on Greek Debt Talks

Gold fell back below $1750 an ounce, a few Dollars below where they closed last week following Friday's rally, while stocks and commodities also edged lower and US Treasuries gained ahead of further discussion on Greece at today's meeting of Euro finance ministers. Eurozone finance ministers meet today to discuss... Read more »

Soros Increases Position in Gold and GDX ETF

Just about everyone in the gold and money management communities, is aware that billionaire George Soros’ hedge fund, Soros Fund Management LLC, is heavily invested in gold and gold mining equities. Additionally, in the past few days, a flurry of new articles have been written, detailing the Soros Fund’s most ... Read more »

Brazil & Kaziakhstan Buy Gold, Germany Sells

Gold prices climbed back above $1725 an ounce Wednesday morning in London, making up some ground lost the previous day, while stocks and the Euro recovered losses made in Asian trading immediately after the news that European policymakers had failed to reach a deal on Greece. "Upside targets [for gold] are now found... Read more »

Gold and Silver Up to Start the Week

Gold prices hovered close to $1725 an ounce during this morning's London trading, holding gains made overnight in Asia, as stocks and commodities also recovered some ground lost last week, after news that a deal may be achieved in time to avoid so-called fiscal cliff of US tax rises and spending cuts currently scheduled... Read more »

Are Mining Stocks Oversold?

A sneaky thing happened over the last five trading days. The major gold mining companies leapt back into oversold territories (when measured against gold), the likes of which are only seen a few times a century.  This summer as many mining analysts pointed out, miners hit their most oversold levels in the last 30 years,... Read more »

Eurozone Enters Recession

The Eurozone fell into recession in Q3, according to official gross domestic product data published Thursday. Eurozone GDP shrank 0.1% from Q2, a 0.6% year-on-year drop. Germany and France both grew 0.2% quarter-on-quarter, while Italy's economy shrank by 0.2%. Spain's economy also contracted, shrinking 0.3% in the... Read more »

Osisko Mining Down On Acquisition News

Osisko Mining announced the friendly $550-million acquisition of Queenston Mining and its Upper Beaver project in Kirkland Lake, Ontario yesterday. A number of mining companies have been sharpening their focus on local assets and Osisko (Stock... Read more »

Obama & Bernanke: The Hard Asset Team

Many folks in the gold and silver community write to me, voicing their distaste in the economic and monetary policies of the Obama administration, and in particular, the “monetary easing” conducted by the US Federal Reserve. At surface, I understand—printing money (much like the printing of shares) is like watering... Read more »

Precious Metals Continue to Push Higher

Gold bullion market traded above $1730 an ounce Friday morning in London, having earlier touched a two-week high, while stocks fell and the Dollar and US Treasury bonds gained, with analysts suggesting weak growth and monetary policy are likely to persist. Silver... Read more »

Gold a "Safe Haven"

Gold prices hovered just below $1720 an ounce Thursday morning in London while stocks recovered some ground following losses yesterday, and the Dollar ticked higher, as central banks in the UK and Europe left monetary policy unchanged. "Gold is displaying relative strength and living up to its reputation as a store... Read more »

Obama "Favored" by Commodities Markets

With one day left before the US election, opinion polls show Barack Obama and Mitt Romney are neck and neck. "Obama is clearly 'favored' by the commodities markets," says a note from Commerzbank, "mainly because of his support for Ben Bernanke and the ultra-expansionary monetary policy of the US Fed, [but] any 'disappointment'... Read more »

Balmoral Resources Expands Abitibi Gold Zone

The Abitibi is one of the world's most prolific gold mining districts having produced over 100 mines, and 170 million ounces of gold since 1901. Two of the region's most recent success stories include Osisko Gold's Malartic mine (Stock Profile... Read more »

Doug Casey, Casey Research

Doug Casey is a respected author, publisher and professional investor. He has authored newsletters and alert services for investors for over 28 years. These services have evolved into Casey Research and The Casey Report - a subscription... Read more »

Peter Grandich, The Grandich Letter

Peter Grandich is the founder of Grandich Publications, the publisher of The Grandich Letter since 1984. His commentary on the metals and mining sector has been read by tens of thousands of people around the world. Today, The Grandich Letter is one of... Read more »

A Romney Win "Bad" for Gold

Gold bullion prices rallied to a one-week high at $1720 an ounce Wednesday morning in London, though they still looked set to record a loss on the month, while European stocks opened higher before losing some ground and US markets prepared to re-open after being closed for two days. ... Read more »

Gold Price "Range-Bound"

Gold prices dropped below $1710 an ounce Monday morning in London, below where they ended last week, after failing to hold onto gains made in Asian trading. Silver prices dropped below $31.80 an ounce, also down from Friday's close. "Gold has been trading lower as it follows the US Dollar appreciation," says Bayram... Read more »

Speculators Blamed for Sell-Off in Gold

Tuesday's fall in the price of gold came amid "a market-wide retreat" said one analyst, with "across-the-board selling by speculators" according to another. Gold bullion traded near 7-week lows for US and UK investors on Wednesday morning,... Read more »

Clean-Out "Positive" For Gold

After Monday's Asian session saw new six-week lows, the Dollar gold price recovered some ground to trade near $1725 an ounce Monday morning in London, while stocks and commodities were broadly flat and US Treasury bonds fell. "Both the weekly and daily charts are pointing for an initial move to $1693," says the... Read more »

Funding for Junior Miners Improving

Small mining companies have enjoyed a decade long commodities boom. But now, many have long spent the monies raised via the equity markets and are struggling to come up with new cash to fund operations. About $400 million was raised through fewer than 30 deals in the spring and summer of 2012, compared with roughly... Read more »

Gold and Silver Continue Correction

Gold bullion prices hovered in a narrow range below $1750 an ounce in Monday morning's London session, after recovering some ground lost during Asian trading. "We traded through lots of stop [losses] this morning," said one trader in Singapore, after gold began the week by dropping more than ten Dollars to $1742... Read more »

Freeport-McMoRan: Positive Copper Fundamentals

Freeport-McMoRan executives James R. Moffett, Chairman of the Board, and Richard C. Adkerson, President and Chief Executive Officer, said in their most recent earnings report, "We are positive about the long-term fundamentals of the metals we produce."  This despite concerns about weak global growth and slowing Chinese... Read more »

Is Barrick Gold a Buy?

On June 6, 2012 Barrick Gold made the surprising announcement to replace Aaron Regent as CEO. At the time, although there was plenty of frustration over Barrick's share price performance, many investors felt the company was moving in the right direction under Mr. Regent's leadership. Forbes noted, "Barrick's stock... Read more »

Greece to Become Top Gold Producer

The International Monetary Fund today warned that the Eurozone could see capital flight of $2.8 trillion unless the region's leaders "act swiftly to restore confidence." In turn, Italy saw its 12-month borrowing costs jump this morning from 1.69% to 1.94% at an auction of €8 billion in new short-term debt. "The... Read more »

Gartman: Everyone Needs to Own Gold

"Gold is just another currency," well-known investor and newsletter publisher Dennis Gartman told CNBC Tuesday. "It is doing well in other currency terms...I am not a gold bug. I don't think the world is coming to an end, but I think everyone needs to own some gold." Western households grew more bullish towards... Read more »

Gold and Silver Hold Gains

Gold prices hovered in a tight range just below $1780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers. Silver prices traded... Read more »

Continental Gold - Rated Outperform

Continental Gold released an updated mineral resource estimate for the Yaragua and Veta Sur vein systems at its 100 percent owned Buritica project in Antioquia, Colombia. Undertaken by independent consultants from Mining Associates, the mineral resource estimate at a gold cut-off grade of three grams per tonne Measured... Read more »

Peter Brown, Canaccord Financial

Peter Brown has contributed to the growth and prestige of Canada’s mining industry by helping many resource entrepreneurs and emerging companies gain access to venture capital. This capital has enabled countless mining entrepreneurs and professionals to acquire, explore and develop promising mineral prospects and... Read more »

Rick Rule, Sprott US Holdings

Rick Rule has dedicated his entire professional career to natural resource investing. In addition to the knowledge and experience gained in a long career as a licensed stock broker and founder of Global Resource Investments Ltd., he has a worldwide network of contacts in the natural resource and finance worlds. In... Read more »

David Morgan, The Morgan Report

The "Silver Guru", David Morgan holds degrees in finance and economics as well as engineering. He is the author of the investment newsletter The Morgan Report, a monthly publication that covers economic news, the currency market and reasons for investing in precious metals and specific mining equities. David Morgan... Read more »

Top Mining Minds

Top Mining Minds is an ongoing editorial and interview series from MiningFeeds.com, the internet's #1 investment website focused exclusively on mining. We connect with some of the world's most successful and influential mining industry magnates. From company builders to company financiers, we feature the mining industry's... Read more »

The Gold Argument

Gold no longer has a legal role in the world’s monetary system, but because of a collapse of faith in sovereign obligations - fiat currencies/paper money – and a coming complete lack of trust in governments and financial institutions, I believe gold may very well quickly become a core banking asset. So why do... Read more »

Gold in Euros Sets New High

Euro gold prices remained close to all-time highs hit yesterday. "The debt crisis in the Eurozone has escalated again," says today's commodities note from Commerzbank. "Gold should therefore remain in high demand as a store of value and alternative currency. Silver has also been pulled upwards in gold's slipstream." Spain... Read more »

Strikes Affect Gold & Platinum Production

Bloomberg News reports that 39% of gold mining output in South Africa – the world's former #1 producer – has been closed after fresh wildcat strikes hit gold majors AngloGold (Stock... Read more »

PMI Gold - Rated Outperform

PMI Gold Corp. (Stock Profile - TSXV:PMV) announced that the Minerals Commission of Ghana has recommended that the Minister of Lands and Natural Resources grant the required Mining Leases to the company covering the Obotan project. Concurrent... Read more »

Extreme Junior Explorer to GDX Ratio

I've been banging the table for the last 6 months about remaining optimistic during bear markets, and becoming incrementally more excited about a particular investment class as the markets appear bleaker. Since the beginning of September, mid-tier and major gold mining companies have rocketed higher. At this... Read more »

Gold and Silver Stocks Best Performers

The Bank of Japan followed suit today and eased monetary policy by boosting its asset-buying program. Prospects of a near-term recovery in the world's third largest economy faded due to weakening exports and what appears to be a prolonged slowdown in Chinese growth. "Japan's domestic demand is still firm," Bank... Read more »

Sandstorm Gold Nolan Watson Interview

We had the opportunity to sit down with one of the youngest and most successful CEO’s in the mining business today, Nolan Watson, of the Sandstorm companies. Chosen as a Canadian ... Read more »

Gold and Silver Defending Gains

The cost of gold dipped below $1770 an ounce during Monday morning trading in London, but remained less than ten Dollars below their six-month high hit last Friday, the day after the US Federal Reserve announced a third round of quantitative easing. Prices for buying silver fell to around $34.50 an ounce this... Read more »

Lessons From Bernanke's Last Speech

After months of "quanticipation", the Federal Reserve has finally done it. Ben Bernanke yesterday announced another round of asset purchases. The much-vaunted third round of quantitative... Read more »

German Court Backs Bailout Fund

The spot market gold price touched a new six-month high at $1746 an ounce Wednesday morning, while stocks and the Euro also rallied following a ruling by Germany's Constitutional Court cleared the way for the creation of a permanent Eurozone... Read more »

Lydian Intl. - Rated Speculative Buy

Yesterday, after the market close, Lydian International Ltd. (Stock Profile - TSX:LYD) released the results of a feasibility study for its 100%-owned Amulsar heap leach gold project in Armenia. The study estimates average annual production... Read more »

ECB Action "Supportive" for Gold

Gold prices fell briefly below $1690 an ounce today this morning in London trading, remaining close to six-month highs, while stocks and commodities were also broadly flat, ahead of tomorrow's policy announcement from the European Central Bank. "The next resistance is at $1700," says the latest technical analysis... Read more »

CEO Interview: Balmoral Resources

Woody Allen once said 80% of success is just showing up. It might sound trivial but showing up, every day, is not easy. When I first met Darin Wagner, President and CEO of Balmoral Resources (Stock Profile - TSXV:BAR & OTCQX:BALMF) nearly... Read more »

Giustra: Inflation Thesis Still Intact

Frank Giustra took the Canadian Securities Course and began his career in the investment industry in 1978 as an assistant trader with Merrill Lynch. In the early 1980s, Giustra left Merrill Lynch to create a resources-financing group in Europe for the new firm Yorkton Securities. In 1990, he became President of the... Read more »

Signals Suggest Gold Bull Market

Analysts continued to speculate on the prospects for more quantitative easing from the US Federal Reserve. Heading into the weekend, spot market Dollar gold prices looked set for a gain of more than 3% on the week, after gold rallied following... Read more »

Yukon Mining Districts - Part 1

Famous for the Klondike Gold Rush, the Yukon Territory is a barren land with 35,000 inhabitants. Located in Canada's deep north, the Yukon yields an annual three to five month exploration window for mining companies. With summer coming to an end, drill results are pending and many miners are hoping to find the Yukon's... Read more »

Yukon Mining Districts - Part 2

The latest Yukon discoveries to fuel rushes include the Selwyn Basin in 1953, the Finlayson Lake District in 1994 and the White Gold District in 2009. Located in eastern Yukon, the Selwyn Basin is one of the world’s largest underdeveloped lead-zinc districts. The Faro deposit, discovered in 1965, contained a combined... Read more »

Gold Reserve Judgement Day Approaches

What do Doug Belanger, President of embattled mining company Gold Reserve and Arnold Schwarzenegger have in common? The are both lead performers in Judgement Day. For Schwarzenegger, Judgement Day was the name of the second film in the Terminator franchise. For Belanger, Judgement Day is the ongoing saga associated... Read more »

Follow Mining Stocks

As an investor in mining stocks it is difficult to stay connected with your investments and the companies on your watch list. Wouldn't it be great if someone designed an email application that sent you daily updates featuring company-specific news and media articles? Well, it is great and it's a free service from... Read more »

Mining Stock Indexes

At MiningFeeds, we are committed to providing mining investors with the best information available on the internet. But we are not just fans of mining, we are also fans of technology. In April, 2012 we launched our unique and proprietary "Mining Stock Indexes". These indexes are connected to the category listings... Read more »

World Gold Production 2012

World gold production in 2011 was 2,700 tons of gold (estimated by the USGS). Gold production had previously reached its peak in 2001 (2,600 tonnes of gold). The question is what does gold production look like in 2012 and whether production will again stagnate at this level. Gold production around the world... Read more »

Spanish Mountain Dream Team

On April 20th 2012, a press release was issued by advanced junior gold exploration company, Spanish Mountain Gold (Stock Profile - TSXV:SPA). It indicated the appointment... Read more »

How to Hedge a Bad Market

According to Reuters, this weekend Spain is expected to ask the euro zone for help with recapitalizing its banks. Spain will be the fourth nation in the euro zone to seek a bailout since Europe's debt crisis began. First, Ireland received an 85... Read more »

EU Summit Produces Economic Appetizer

The markets were starving for some positive news, optimism ran high yesterday in hopes the EU Summit in Brussels would produce the required substance to restore confidence in the markets. In the mining sector, some significant rallies occurred while the heads of Europe prepared for dinner. Shares of Geologix Explorations... Read more »

Mining Hot Spots in 2011

According to Metals Economics Group’s (MEG) recent Strategic Report, the 2011 dollar volume of significant ($25 million minimum) acquisitions totaled $47.4 billion—down 4% from 2010’s $49.3 billion. In the context of an ongoing European economic crisis and lower growth expectations for China, 2011’s total spending... Read more »

Who Stopped the Printing Press?

Most of the dollars created in the stimulus programs (QE 1 & 2) after 2008 did not make it into circulation to be spent by small businesses (the largest job creators) or consumers (the driver of the US economy). They're either parked at the Federal Reserve or the world’s central banks as foreign reserves (many... Read more »

Mexico: 3 Mining Stocks to Watch

According to the Mexican Mining Chamber, in 2010 revenue mining and metallurgical production (US$13.16 billion) surpassed the revenue generation of Mexico's tourism industry and established mining as the country’s second most productive sector after oil and gas. The growth of the sector has led to increased exploration... Read more »

Mining in Mexico: Part 1

Mexico is a major producer of silver, gold and base metals. In addition, the country is also a leading producer of celestite, bismuth, fluorite, cadmium, molybdenum, graphite, and manganese. In the Fraser Institute's most recent Survey... Read more »

Mining in Mexico: Part 2

In 2010, Mexico overtook Peru in silver production, reaching the world’s top position, with 128.6 million ounces produced. Mexico currently ranks 12th in gold production, and many think the country has a strong possibility of ranking among the top five within the next few years. In terms of foreign investors, Canada... Read more »

Markets Climb a Wall of Fear

U.S. stocks rallied, driving the Standard & Poor’s 500 Index to its best weekly gain since March affirming the old Wall Street adage that "markets climb a wall of fear". The equity markets surged ahead on strong corporate earnings despite negative international news, almost across the board. On Friday, it was... Read more »

Gold Stocks - What's Going On?

In 2012, gold bulls have plenty of room to graze in the stockyard these days as the investing herd migrated to other assets during the market’s steep climb. For the fourth time in the past year, gold bears outnumbered the bulls in Bloomberg’s weekly Gold Bull/Bear Sentiment Survey. In fact, the bears had the bulls outnumbered... Read more »

Frank Holmes - Gold Should Thrive

The world has been experiencing the largest liquidity boom, as the central banks’ seven-month easing binge continues. Over this time, ISI counted 127 different stimulative policies, such as printing money, lowering interest rates and other easing measures, taken by governments around the world. The policy shifts... Read more »

Upcoming Q2 Mining Milestones

Perhaps we should call this article, "PDAC Revisited". While meeting with mining company executives at the annual Prospectors and Developers Association of Canada (PDAC) convention in Toronto in March, we wanted to know what was coming up in Q2, 2012? For some companies, it was business as usual, but a number of... Read more »

5 Mining Stocks to Watch in 2012: Part 1

With the first quarter of a new year in the books we step back this month, take stock if you will, look towards the future and ponder what's in store for the balance of 2012. This year has been marked by volatility in both the commodities sector and the equity markets in general. Crude oil is north of $100 per barrel... Read more »

5 Mining Stocks to Watch in 2012: Part 2

3. Geologix Explorations Inc. (Stock Profile - TSX:GIX & OTC:GIXEF) Perhaps it's finally time for Geologix to change its name. After years of exploration and development the company is getting close to transitioning... Read more »

Metals and Minerals Investment Sector

There is always a sector among the raw materials on the verge of a period of "euphoria". On the chart below, each resource is represented by a company, because the indexes do not exist for all of the individual resources. Notice that, for 10 years, there is always a sector that is in a phase of "boom",... Read more »

Will Mining Stocks Beat the Market?

The past year has been a rough ordeal for nearly every sector of the market, but the metals and mining industry seemed to be battered on all fronts, despite previous run-ups in commodity prices across the board.  As if a stalled economic recovery on a global scale and a debt crisis in Europe were not enough, the industry... Read more »

Gold: Caught in a Bear Trap

Rising bond yields, a stronger U.S. dollar and an improving U.S. economy have squelched expectations for a third round of quantitative easing (QE3) and consequently, spelled trouble for gold. Since late February, gold has declined more than 7 percent. As confidence improves, UBS says the yellow metal is losing the... Read more »

PDAC 2012 - Mining Milestones in March

After meeting with mining companies for the past two days at the annual PDAC convention in Toronto, we're pleased to present a list of upcoming mining milestones in March. Or shall we say, March/early April as prefaced by many of the executives in attendance at this year's convention. In alphabetical order, here's... Read more »

Junior Mining Financing Down 24% in 2011

From Metals Economics Group’s (MEG) Exploration Activity Services, the dollar amount of junior financings declined 24% in 2011 to $21.5 billion from $28.1 billion in 2010 and increased 12% from 2009 and 43% from 2008 totals. Of the total, financing amounts for base metals fell 32%, while the decline for gold... Read more »

Gold & Silver Drop as QE3 on Back Burner

Today, the U.S. Commerce Department said the economy grew at a slightly faster pace in the final three months of last year. It expanded at a 3.0 percent annual rate from October to December, the fastest pace since the spring of 2010. The data was slightly ahead of estimates and a full 1.2 percent better that the numbers... Read more »

Gold Demand Trends

The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4 percent in 2011 despite a 28 percent year-over-year increase in bullion’s average price. After flirting with the top spot for some time, China emerged as the world’s largest... Read more »

Junior Gold Mining Stocks on the Move

As the European debt crisis captured headlines around the world the markets, as expected, were volatile this week. And resource stocks, in particular, were under pressure. Despite the images of buildings burning in Athens, equity markets were resilient and closed the week with modest gains. The big stories this week... Read more »

European Debt Crisis - What's Next?

Greece’s predicament just became substantially worse. Frustrated by missed deadlines and last minute twilight dealings, Euro zone finance officials are now examining ways of delaying parts or even all of a second... Read more »

Cashed-Up Catfish Report

We are delighted to bring you the MiningFeeds bottom fishing report. And to catch these fish, you don't need to know how to noodle. Noodling is the term used for fishing with your bare hands. Noodling is practiced primarily in the southern United States and the primary choice of noodlers is the flathead catfish. Flathead... Read more »

Mining M&A Increase Expected in 2012

Solid fundamentals, strong balance sheets and an appetite for growth is expected to drive M&A in the global mining and metals sector in 2012, says Ernst & Young’s Global Mining & Metals Transaction Leader, Lee Downham. Commenting... Read more »

Interlisted Gold Stocks Shine

Gold is not vital to human existence, in fact, it has relatively few practical uses. But its unique atomic properties and its imperishable lustre have made it one of the world’s most coveted commodities. A long-standing symbol of beauty, wealth, and immortality; Egyptian pharaohs insisted on being entombed in the... Read more »

Week in Review: Gold, Silver & Base Metals

Canadian fund manager Eric Sprott said this week he was bullish on precious metals and bearish on cyclical commodities like base metals. Sprott said, "I am not bullish on cyclical commodities such as iron ore, coal, steel, lead and zinc because I am worried about this economic contraction that everybody is talking... Read more »

2012 - Mining Sector Activity on the Rise

Metals Economics Group (MEG) Pipeline Activity Index (PAI) increased in November to reach its highest level since March 2011, thanks to another record month of significant drill results and improved financings, before falling again in December as explorers paused for the holiday season. December’s drop was mitigated... Read more »

2012 - Off to a Bang!

2012 is upon us and it was a good opening week for the both the markets and mining companies alike. On the heels of intense tax-loss selling in December despite positive economic data hitting the headlines as 2011 came to a close, nothing seemed to stem the tide of December tax-loss selling as many mining issuers set... Read more »

You Can't Print More Gold

Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate. A quick account of the G-7 and E-7 countries shows that the majority have negative real interest rates. Across the developed G-7 countries, British citizens are the worst off with real interest rates... Read more »

Mining Exploration Up 50% in 2011

According to Metals Economics Group’s (MEG) Corporate Exploration Strategies, the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion.... Read more »

Latin American Gold Production on the Rise

According to a recent mining industry report by Metals Economics Group (MEG), Latin American gold production should increase more than 10% in 2011. The report states that about two thirds of Latin American production is from primary gold mines and the rest is from secondary sources, mostly copper and silver mines. Although... Read more »

Silver and Gold Stocks Paying Dividends

With money markets and Treasuries yielding next to nothing these days, investors are finding income in new places. One area those investors should consider is gold mining. With gold rising in value, mining companies are reaping record profit margins, yet the stock prices are depressed due to lack of investor interest.... Read more »

Are junior gold equities ready to rebound?

Since hitting $1,900 an ounce through the beginning of October, gold has declined nearly 11 percent. Over the same timeframe, the NYSE Arca Gold Miners Index lost almost 13 percent. That’s a closer performance correlation than the roughly 3-to-1 gold equities to bullion ratio we’ve historically seen and could mean the... Read more »

Top Weekly Gainers

It was another big week in the markets with positive gains across most of the world's major exchanges. The TSX and TSX-V were no exception up 4.1% and 3.7% respectively. But we're not interested in single digit returns, we're taking a look at the top three mining companies that posted the biggest percentage gains this... Read more »

Large Scale Gold Deposits Increasingly Rare

As I have explained in my previous post on the world gold production, the share of major gold producing countries in the world gold production decreases. But what about the relative production from major gold miners? As shown in the chart below,... Read more »

Significant drill results up - activity down

Pipeline Activity Index (PAI) decreased for the second consecutive month in July, then slightly improved in August on the back of a record number of significant drill results. Both months remained below the PAI’s 2011 year-to-date average and well short of the March 2011 high, as the increased exploration activity was... Read more »

Central Banks buying Gold

Demand for gold isn’t only coming from the residents of China and India. There’s been a huge sentiment shift among central banks as well. Toussaint noted how, after many years of selling, central banks have become net buyers of gold. He says, “Western Central banks have essentially shut the tap off, and the vast majority... Read more »

Movers and Shakers

Here are your "Movers and Shakers" for the week ending September 16th, 2011 on the TSX and TSX-V Exchanges. In no particular... Read more »

Get leverage from gold producers

Gold is making regular headlines these days as global economic uncertainty remains high and the yellow metal recently reached record prices of just over $1,900 per ounce. Since a sharp correct where gold gave back over $200, the price has recovered and gold is currently trading around $1,885 per ounce. Goldman... Read more »

OceanaGold works diligently on Didipio

On Monday, the price of gold traded above $1,920 an ounce which marked another record setting day for gold bullion. The record was set after the Swiss National Bank announced it would imposed an exchange rate cap on the soaring Swiss franc to stave off a recession. The Swiss National Bank intends to keep the franc at... Read more »

10 Most Interesting Gold Stocks - Part 1

Is this the modern day version of the California gold rush or is gold in the process of forming a bubble? Erik Sprott from Sprott Asset Management is thinking steam ships and gold pans. In an article entitled, "Debunking... Read more »

10 Most Interesting Gold Stocks - Part 2

3. Eldorado Gold Corp. (TSX: ELD) If you were to sum up the story of the bull market in metals in two words, then "Chinese demand" might rank as high as any other pairing. Though, as... Read more »

10 Most Interesting Gold Stocks - Part 3

On May 16th, 2011 it was reported that U.S. investment billionaire and former gold advocate George Soros, through Soros Fund Management, sold nearly $800 million of gold during the first quarter after the precious hit a record high of $1,577 an ounce... Read more »

10 Most Interesting Gold Stocks - Part 4

8. Goldcorp Inc. (TSX:G) Lean and mean. The bull market in gold, which has, in ten years, moved the yellow metal from $270 to over $1,900 an ounce has obviously been a boon GoldCorp, as it has for many gold producers. But by ridding itself of non-core assets, cutting costs and making practical acquisitions,... Read more »

Peak Gold - did it happen in 2001?

In China, gold production has increased for the eleventh consecutive year. China is the world largest gold producer for the third time in history with 345 tonnes of gold produced this year. Among the top gold-producing countries, China, with its increasing gold production, seems to go against the general trend of decreasing... Read more »

Rio Tinto increases stake in Ivanhoe Mines

Last night Steve Jobs announced his retirement from Apple stating that he felt he could no longer fulfill his duties as the head of what has possibly become the world's most famous company. An announcement that was perhaps expected given his ongoing health issues and frenetic work schedule. In response to the announcement,... Read more »

Majors rediscovering British Columbia

The Province of British Columbia, Canada is experiencing a mining renaissance. What’s happening in the province, in regards to mining, should be on every investors radar screen. Vancouver is undoubtedly one of the greatest mining centers in the world and British Columbia should be a mining powerhouse when one considers... Read more »

Endeavour into Gold

Today marks the fifteenth day in which the TSX has experienced a large point gain or loss, most of which have been triple digit. In the U.S., the Dow Jones has investors on the edge of their seats as volatility reigns supreme. A worsening economy, a US debt downgrade from Standard & Poor's and a move from the Federal... Read more »

Gold Reserve makes $2.1 Billion claim against Venezuela

Political risk, a term Gold Reserve (TSX:GRX) shareholders know well. Investors in Gold Reserve knew what they were getting into in Venezuela, or they should have. Gold Reserve's Brisas deposit is directly adjacent to Crystallex's Las Cristinas deposit, which, after both companies suffered through... Read more »

Is Mining in South Africa in Decline?

Last year, political strategist and monetary economist Cedric Muhammad said, "At 29-years old and a base of support among the youth and business... Read more »

Goldman Sachs shines spotlight on Gold

In a note to clients today, Goldman Sachs said it expects gold prices to continue to climb in 2011 given the current low level of U.S. real interest rates. "We recommend near-dated consumer hedges in gold,"... Read more »

Greece gives way to big Gains

Like most Canadians, the TSX took a break for Canada day celebrations on Friday after posting four consecutive positive days. And to the south, U.S. stocks posted their biggest weekly rally in two years with the Dow Jones Industrial Average rising 648 points after Greece took action to avoid default on its debt. “... Read more »

B2Gold Mine Flooding

Gold equities have climbed an astonishing 1,400% since their 2000 lows while the S&P 500 has declined 11%. However, 2011 has not been a good year for gold stocks. Gold has risen 7% so far in 2011, essentially in line with the S&P 500, but gold equities have not performed well and currently lag behind by about... Read more »

Rumours of Tanzania mining Super Tax

Tanzania has become one of the fastest emerging gold producers in Africa, and is now the continent’s third largest gold producing country after South Africa and Ghana. Tanzania has proven gold reserves in excess of 36 million ounces and each year since 1998, a... Read more »

Peru goes to the Polls: 10 Mining Stocks to Watch

A cursory look at Peruvian mining will show you that many of the world's senior mining companies have operations there. The list of majors in the South American county includes Barrick Gold (TSX: ABX), Newmont Mining (TSX: NMC), BHP Billiton (NYSE: BHP), Freeport-McMoRan Copper & Gold (NYSE: FCX), and Teck Resources... Read more »

Investors enraptured with gold

After reaching a recent high of $1,577 on April 30th, the price of an ounce of gold reversed course and dropped dramatically, hitting a low of $1,462 on May 4th, a decline of 7.3% in just four days. But since then gold has been trending upward, gold is currently up over $7 to $1,526 an ounce. In the days leading... Read more »

The ghosts of Bre-X: mining in Indonesia today

On March 19th, 1997 Michael de Guzman, the exploration manager for would-be miner Bre-X, jumped from an Alouette helicopter flying eight-hundred feet above the Indonesian jungle. The official version of the events state that de Guzman was suffering from hepatitis B and a tormented conscience. He left behind a few hastily... Read more »

Gold + Silver + Copper + Zinc = Eritrea

Eritrea, a funnel shaped country that borders The Red Sea, was, because of its unstable political history, a bit of a mystery to the international mining community. But an unprecedented... Read more »

Dogs of the downturn: worst performing TSX 60 miners in May

Blink and you may have missed it. If the recent downturn in commodities is coming to an end, as some suggest, it was a brief correction. While the recent slump actually contained the worst week for commodities since the recession of late 2008, many believe it's a mere blip. Hussein Allidina, head of commodity research... Read more »

Junior abandons "anti-mining" Panama

On February 11th, Erin Ventures (TSXV:EV), a Victoria based junior miner, reported a mysterious website had surfaced belonging to a company called Mineral Mining PLC. In the website the company claimed to own a number of mineral properties that were already owned by Erin Ventures; namely, the... Read more »

Peru election concerns affect miners

Ollanta Humala is not a name that many outside of South America are familiar with. In 2006, however, the Peruvian Nationalist actually won the first round in Peru's 2006 presidential vote. Although Hugo Chavez openly backed him Humala was, ultimately, defeated in a runoff 53 per cent to 47... Read more »

Gold juniors flying high in 2011

With the TSX composite index down almost 500 points in two trading days investors are back on the fence waiting for, what some say, could be a long overdue correction in the global equity markets. Before the correction, the TSX was up 7.5% since the start of the year. Thomas Lee, a U.S. equity strategist at J.P. Morgan... Read more »

Romarco looks to modernize operations at historic South Carolina mine

For more than two years, the rise of Romarco Minerals (TSX:R) has been nothing less than remarkable. As late as October, 2008 shares of the Toronto based company could be had for a dime. The promise of the company's pending Haile gold project in South Carolina, however, has meant a steady rise to recent... Read more »

Is the price of cocoa a barometer of mining risk in the Ivory Coast?

In what has become a near daily occurrence, civil unrest erupted in another developing African nation today. The Ivory Coast is in the news once again. On Saturday, the Red Cross said that at least 800 civilians were... Read more »

Can Barrick and the price of gold outpace inflation?

These days, mining companies worldwide are getting hit by soaring costs. The price of raw materials, energy and labour have all experienced steep and recent increases. Barrick Gold (TSX: ABX), the world's largest... Read more »

Greystar, Ventana part of changing Colombian mining landscape

Colombia may not be as well known for mining as some of its more established neighbors in South America such as Chile and Peru, but recently, two TSX listed gold miners, Greystar Resources (TSX:GSL) and Ventana Gold (TSX:VEN) have done their best to bridge the historical gap. Greystar... Read more »

Crunch Time for Century Mining

When Century Mining, (TSXV: CMM) early last April, announced a final release agreement to eliminate royalties and future payments associated with their Lamaque gold mine with Teck Resources, it looked like the company was moving in the right direction. On April 28th, 2010, just a few... Read more »

Gold and the Ides of March

Can the price of gold keep rising? Talk to gold bugs and they will tell you key drivers such as political instability and inflation are bigger issues today than when the yellow metal began the stellar rise that tripled its price in half a decade. But gold has its critics, and their rebuttal was crystallized by... Read more »

5 Gold Stocks to Watch in 2011 - Part 1

Canadian listed gold mining and exploration companies are enjoying an unprecedented funding environment. Investors, consequently, are anticipating that a number of discoveries will hit the street in 2011 as exploration and mining companies deliver results from substantial drill programs. A booming market also... Read more »

5 Gold Stocks to Watch in 2011 - Part 2

3. Centamin Egypt Ltd. (TSX: CEE) When the world changes, the market changes. While financial concerns naturally take a backseat to those concerning human rights, the uprising in Egypt and subsequent demonstrations throughout Northern Africa illustrate that the two are inextricably linked. When the... Read more »

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