Gold FeatureFeed

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

"Gold: Texbook Pullback In Play" - Stewart Thomson


1. Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical. 2. Please click here now. Double-click... Read more »

Adam Hamilton: Gold Miners’ Q3’17 Preview


With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more... Read more »

Resource Opportunities site visit: Sabina cracks open a high-grade gold vault


Canada's North is a mysterious and forbidding land. There are stories of European explorers disappearing without a trace and place names such as Deadman's Island. Native legends from the original occupants – not to mention strangely colourful lights that often dance across the night sky – add to the intrigue. I saw... Read more »

Adam Hamilton: Gold Uplegs’ Three Stages


Gold bull markets offer outstanding opportunities for traders to grow their wealth.  These bulls consist of series of alternating uplegs and corrections. ... Read more »

Adam Hamilton: Fed QT Stocks, Gold Impact


This week’s landmark Federal Open Market Committee decision to launch quantitative tightening is one of the most-important and most-consequential actions in the Federal Reserve’s entire 104-year history.  QT changes everything for world financial markets levitated by years of quantitative... Read more »

Adam Hamilton: Gold Investment Resuming


Gold has surged dramatically to major breakouts since its usual summer-doldrums lows.  That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets.  Investors are starting to return to gold again to prudently diversify their stock-heavy... Read more »

Precious Metals Bull Analogs Update


We started employing analog charts during the latter stages of the seemingly forever bear market in precious metals. Comparing current to past trends by using price data is not considered technical analysis but it is... Read more »

Adam Hamilton: Major Gold-Stock Breakouts


The gold stocks are off to the races again, with big gains mounting. They just staged major breakouts, shattering a vexing consolidation... Read more »

Velocity Minerals (TSX-V: VLC) Exploring for Gold at High Speed


Velocity Minerals (TSX-V: VLC) is a gold (“Au“) exploration and development junior focused on eastern Europe.  Others in the region... Read more »

Simple Charts Showing Why Gold Stocks Are Poised To Blast Off


When gold began to rally in late 2015, investors breathed a sigh of relief. The longest resource bear market was finally over, and capital slowly began finding its way back into the mining sector. During the beginning of gold’s... Read more »

"Gold: Book Profits Now" - Stewart Thomson


Gold has staged a fabulous rally from about $1220 to $1245.  Using the December futures price chart, I’ve defined the $1300 - $1350 area... Read more »

Technical Analysis: Gold Breakout & Upside Targets


Gold cleared $1300 early in the week and padded its gains on Friday even amid a bullish weekly reversal in the US Dollar. Gold’s breakout was validated by a strong monthly close on Thursday and then a strong weekly close Friday. As predicted, the miners perked up with the breakout in Gold.... Read more »

Ounces in the Ground: The Exploration Report for Aug. 29 to Sept. 1


For the week, a total of 33 Canadian-listed companies reported exploration results with 16 having a positive impact, 11 with a negative impact and 6 with no impact on the share prices of the companies. GT Gold Corp. (TSX-V: GTT) is the big... Read more »

NewCastle Gold Seeking 50% Reduction in Castle Mountains National Monument


Trump administration review of Obama-era environmental regulation near natural monuments may prove a boon for extraction industries and a pain for conservationists. Less than a year ago, President Obama designated a new national monument in the eastern Mojave Desert as part of... Read more »

NewCastle Gold drills 179.8 m of 1.01 g/t Au at Castle; Follow-up Drilling in September


Yesterday morning, NewCastle Gold Ltd. (TSX: NCA) reported additional drill results from the southern portion of the Oro Belle Trend within the region of the JSLA pit on its Castle Mountain Gold Project in California.    Highlights from the release... Read more »

Stewart Thomson: "Gold Stocks Portfolio Fuel"


1.   SPDR fund tonnage (GLD-NYSE) has recaptured the 800 ton mark, and rose to 814 yesterday.  This is happening as a steady wave of institutional money managers embrace gold as an important portfolio component. 2.   It’s also occurring as Indian dealers begin buying for Diwali.  The result of this... Read more »

Gold Stocks Quietly Leading Gold


Welcome to the dog days of summer. The low volatility in precious metals continues. Janet Yellen or some other Fed heads said something Friday. Precious Metals sold off but quickly recovered. It appears that not much has transpired in recent weeks as precious metals have grinded higher, albeit slowly. However, while it... Read more »

Gold Juniors’ Q2’17 Fundamentals


The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness.  The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally.  But traders need to keep their eyes on the fundamental... Read more »

Graceland Updates: Gold Stocks, Good Times Are Near


1. After rallying almost $100 an ounce from the July lows of about $1210 (basis December futures), gold is consolidating its gains. 2. Fundamentally, there isn’t much immediate time frame news from either the fear trade or the love trade. That’s the root cause of this sideways price action, and its healthy. 3.... Read more »

Ring of Fire: Province Reaches Agreement with First Nations; Good News for Miners


Ontario Premier Kathleen Wynne announced today in Thunder Bay that agreements have been reached with the Webequie, Marten Falls and Nibinamik First Nations to begin construction of a road to the currently difficult to access Ring of Fire mineral belt. The route would go to the proposed Noront Resources Ltd.... Read more »

Gold’s Sudden, Newfound Relative Strength


Three weeks ago we discussed how Gold needed to perform considering the US$ index was likely to bounce due to an oversold condition and extreme bearish sentiment. We wrote: “Simply put, Gold will have to prove itself in real terms if it is going to hold its ground or breakout as the US$... Read more »

Gold Miners’ Q2’17 Fundamentals


The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’... Read more »

Commodities Have Bottomed – Which One Is Poised For The Greatest Return?


In the last couple of years, we have seen the majority of commodities bottom out, finally seeing some signs of life. The majority of the rebounds occurred from late-2015 to early 2016. ... Read more »

Jim Rogers Commodity Fund: July Best Month Since Sept. 2016; Metals Lead


In July, the Rogers International Commodity Index (RICI) had its best month since September, 2016, according to Price Asset Management, a US-based firm that manages a commodity fund based on the RICI index. The index was up 3.13%, slightly ahead of the benchmark Bloomberg Commodity Index (BCOM) which was... Read more »

Graceland Updates: "Gold Versus The Yen"


Aug 15, 2017 1.   For gold to perform well against the US dollar, it needs to perform well against the Japanese yen. 2.   Please click... Read more »

Precious Metals Nearing Breakout


The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish... Read more »

Nevsun reports Q2/2017 loss, writes-down Bisha, delays Timok study


On Wednesday, Aug. 8, Nevsun Resources Ltd. (T:NSU) reported a loss of $0.15 earnings per share (EPS) for the second quarter of 2017 (all amounts are in U.S. dollars).   Revenues were down quarter on quarter (8%) on a decline in realized zinc prices (11%) and zinc concentrate sales (35%), but benefited from... Read more »

Gold Stocks Coiled Spring


The gold miners’ stocks have largely ground sideways this year, really lagging gold’s strong rally.  That lack of upside has decimated sentiment, leaving a bearish wasteland bereft of hope.  But this deeply-out-of-favor sector is actually a coiled spring, ready to surge dramatically as psychology shifts.  Sentiment,... Read more »

Top Gold Geologists Drill Mining's Future Pipeline


Spin-out of two (U$2.3 billion and U$190 million) gold start-up successes since 2011 has the talent and potential of the originals Liberty Board at the historic Moosehead Pit at Goldstrike. From... Read more »

Interview with Satori Resources Inc.’s (TSX-V: BUD) President and CEO Will Ansley


Manitoba has long been a source for Canada’s mineral wealth and will continue to provide a diversified source for metals going into the future as companies continue to fund exploration in the province. In 2013, $1.3 billion in minerals were produced and made up 6% of the province’s GDP. There remains immense untapped... Read more »

"Bonanza grades"...Osisko reports high grade drill results from Windfall


Today Osisko Mining Inc. (T:OSK) released more high-grade gold Intersected at Lynx, reporting a headline result of two metres of 379 g/t gold.  In the company's press release today, OSK-W-17-881 returned a bonanza grade of 379 g/t Au over 2.0 metres, including 1,260 g/t Au over 0.6 metre (30.7 g/t Au over... Read more »

Quarterly financials beat estimates but uncertainty at the Escobal mine pushes Tahoe Resources to halt dividend; share price down for the day


Yesterday evening, Tahoe Resources Inc. (T:THO)  reported its second quarter 2017 financial results of US$33.48-million. Daniel Earle of TD Securities found the results mixed. Earnings per share (EPS) beat on lower costs and the company suspended its dividend, which TD securities believes... Read more »

Gold’s Best Months Are Coming


Looking back at gold’s performance since 1979, August and September are big months for the yellow metal. What is the cause? No one really knows but there are some theories that have been thrown around. The adage “sell in May and go away” is common in the mining sector. Investors are back from vacation and ready... Read more »

Gold Stocks’ Autumn Rally Part 2


The gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg.  But that vexing underperformance should soon give way to a big catch-up surge.  The deeply-out-of-favor gold stocks are now entering their strong season, which starts right about now with a powerful autumn rally. ... Read more »

TSX Venture Mining Summary for August 1, 2017


The S&P/Venture Composite Index finished down 0.3% to 768.04 and the S&P/TSX Global Mining index was up 0.15% to... Read more »

Graceland Updates: "Gold Stocks Meet Mr. America"


1. Gold continues to flow from the West to the East at a pretty solid pace. 2. To view the latest evidence of this fact, please click... Read more »

Graceland Updates: "Pruning The Golden Tree"


1. Over the past week or so, gold and associated assets have rallied quite nicely. 2. Please click... Read more »

Picking Great Gold Stocks 2


One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Although deeply out of favor now in the summer doldrums, the small... Read more »

Graceland Updates: "A Bull Era Tag Team"


1. Most precious metal assets staged a solid “comeback rally” against government fiat yesterday. 2. Please click... Read more »

Gold Stocks’ Summer Bottom


The gold miners’ stocks have drifted lower over the past month, slumping back to major support. This weakness has naturally intensified the bearish psychology engulfing this small contrarian sector, traders want nothing to do with it. Yet summers typically see gold and its miners’ stocks meander sideways to lower.... Read more »

Gold is Weak in Real Terms


Intermarket analysis is a rather new field in technical analysis but one of my favorites because it is critical in understanding Gold. Asset classes like stocks and bonds are enormous and aren’t as influenced by as many factors as Gold. Trends in stocks, interest rates, commodities and currencies impact Gold in one... Read more »

Graceland Updates: "Gold & Silver: Respect The Bar"


1. At about 4:00am yesterday, gold suffered a dramatic sell-off in just a few seconds. More than 15,000 contracts quickly changed hands on the COMEX. 2. This caught most investors by surprise. That’s because they don’t follow the physical market meticulously. 3.   The supply and demand of physical gold... Read more »

Metalla Royalty & Streaming Signs Blockbuster Deal


On June 12th Metalla Royalty & Streaming (CSE: MTA) (OTCQB: EXCFF) (FRANKFURT: X9CP) announced that it has entered into a transformational agreement to acquire a portfolio of 3 Royalties and 1 Streaming assets from Coeur Mining (NYSE: CDE).  The purchase price is US$ 13 M, consisting of common shares in Metalla... Read more »

Will foreign interests make a laughing stock of the LSE?


To a degree, the mining business has always mimicked the process from which it profits and has remained deferential to its two noble truths: pressure and time. Change doesn’t happen overnight, profit rarely comes without pain. But the payoff is inevitably worth it and its value invariably lasts. But more and more... Read more »

Graceland Updates: "Blockchain: Team Gold's Newest Player?"


1. After the US markets close today, Morgan Stanley will announce whether Chinese stocks get the green light for inclusion in their emerging market index. 2. Please click... Read more »

Graceland Updates: All Golden Eyes On The Fed


1. The next US central bank interest rate announcement is scheduled for tomorrow afternoon. Gold and related assets are now in “pause mode” against most fiat currencies. 2. Gold has a rough general tendency to decline ahead of a rate hike, and then rally strongly after a hike is announced. 3. That has happened... Read more »

Gold-Stock Inflection Nears


The gold miners’ stocks remain deeply out of favor, largely shunned by traders. Since this sector just spent the better part of a year grinding sideways, such bearish sentiment isn’t surprising. But with a giant technical formation nearing a major inflection point, things look to be coming to a head in gold-stock... Read more »

The mystery asset at the centre of Renova’s plans to create new gold major


In mining, it’s always a nice surprise when predictions come true. We’ve all been in situations where we have to scrabble around for explanations when anticipated or projected yield doesn’t quite match up when the dust has settled. Projections being more-or-less-correct is a satisfaction I have thankfully enjoyed... Read more »

Graceland Updates: Gold Investing: Jobs Report Tactics


1. Gold tends to become a rather dull market as the summer approaches. Will this year be different? 2. The summer doldrums are caused by seasonal softness in Eastern jewellery demand, but the next major Fed rate hike announcement and commentary is just two weeks away. 3.   This Fed meeting appears to be a... Read more »

Russian raiders setting sights on London Stock Exchange


History never repeats itself, but often it does have a habit of rhyming. Looking at the posturing going on in the London Stock Exchange this week, it seems that observation is as true as ever. One of London’s most cherished listed mining companies is potentially falling into the clutches of an apparently... Read more »

Graceland Updates: "Canary In The Silver Mine"


1. The average gold market investor should be quite happy right now. If that’s not the case, the investor has likely used price projection analysis as a reason to “chase price”, and needs to deploy a new set of market tactics. 2. Please ... Read more »

Gold Miners’ Q1’17 Fundamentals


The gold miners’ stocks have been slammed by a sharp gold pullback in recent weeks, spawning today’s bearish sentiment. Traders often get caught up in the emotional swings generated by this volatile sector. But once a quarter earnings season arrives, revealing gold mining’s hard fundamental realities which dispel... Read more »

Gold-Futures Shorting Attacks


Gold has suffered a sharp pullback over the past couple weeks, stoking much bearish sentiment. While a variety of factors fed this selloff, the precipitating catalyst was a gold-futures shorting attack. These are relatively-rare episodes of extreme selling specifically timed and executed to manipulate gold prices lower... Read more »

Gold Stocks & Silver Nearing Relief Rally


The past few weeks have been rough for precious metals. Gold had climbed all the way to $1297/oz but the other parts of the sector (Silver and the gold stocks) failed to confirm the move. They have since fallen off a cliff. Over the past 14 days, GDX has lost 15% while GDXJ has declined 20%. Silver during that span... Read more »

Could Mounting Geopolitical Concerns Provide Bullish Tailwinds for Gold?


Gold has lost much of its shine in the year-to-date period as investors had fewer reasons to be fearful about the global economic outlook. Towards the end of 2016, investors were optimistic about the bullish prospects of gold this year because of how geopolitical... Read more »

Gold Hostage to Stocks


Gold has had a wild ride since Trump’s surprise election win in early November. This metal first plunged then surged, ultimately making little headway. It wasn’t until mid-April that gold regained its pre-election levels. This overall lackluster gold action was confounding given all the mounting uncertainties. But... Read more »

Gold Upleg Momentum Building


Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal. Investors have started aggressively buying gold again after record-high stock markets distracted them. This gold upleg’s upside momentum is really building, portending accelerating... Read more »

Gold-Stock-Bull Upside Targets


The get-no-respect gold-stock sector is in a strong young bull market. Past gold-stock bulls have grown to utterly-massive proportions before giving up their ghosts, greatly multiplying the wealth of contrarian investors and speculators. Today’s gold-stock bull is very likely to grow vastly larger before fully running... Read more »

Bearish Reversal in Gold and Silver


Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average before it moved higher but it then reversed strongly... Read more »

Both Gold and The Dollar Up From Recent Lows As More Fed Officials Comment on the Pace of US Rate Hikes


At the close of US trading Monday April 3, gold futures remained 1% below their three-month high from Monday of last week. Since dipping into the $1190s on March 10 however, the price for one ounce of gold is up 4.8%. So far in 2017, the US dollar index has traded 1.5% to 4.8% below its January 3 high of 103.82. Talk... Read more »

Warning Signs in Precious Metals


Precious metals closed the first quarter with solid gains. Gold gained almost 9% while Silver gained 14%. The miners (GDX and GDXJ) gained the same amounts (9% and 14%) but unlike the metals which closed at their highs of the quarter, ended up losing more than half their gains. Despite a strong quarter, the entire complex... Read more »

How Are Australian Mining Stocks Performing?


Concerns over President Trump’s healthcare policies are causing consternation in the financial markets everywhere. Almost $30 billion dollars was wiped off the ASX when nervous traders had the jitters. The ASX 200 fell by 1.6%, with mining stocks some of the biggest losers. Iron ore prices took a massive hit, falling... Read more »

Trading Gold with a Weaker Dollar


There are several important points to remember about gold, notably the fact that it is a safe-haven asset. This means that gold is the go-to asset when equities markets sour. Since capital typically flows into... Read more »

Precious Metals and 200-Day Moving Averages


The precious metals complex enjoyed a strong week mostly due to a post-Fed explosion on Wednesday. Although gold stocks sold off to end the week, they finished up almost 5% for the week. Gold gained 2.4% on the week while Silver gained 2.9%. The miners enjoyed massive gains following the previous two rate hikes and... Read more »

An Analog for the Gold Stocks Correction


The gold stocks bounced strongly today after the February jobs report confirmed the Federal Reserve will hike interest rates next week. While precious metals rallied strongly following the previous two hikes, I’m not so sure today marks the start of a big rebound. For one, the Federal Reserve could hike rates again... Read more »

Nicola Mining 3 Company-Makers in 1 Company?


Nicola Mining Inc. (TSX-V: NIM) / (OTC: HUSIF) has three primary, potential company-making assets, two nearing high-margin, steady-state cash flow.  The third, Treasure Mountain, offers both a shovel ready, up to C$9 million profit opportunity... Read more »

Paragon International Wealth Management: Higher Demand for Colored Diamonds Not a Surprise


It has almost been a year since the spectacular 14.6-carat Oppenheimer Blue diamond sold for a record-setting $57.5 million. The rare blue diamond, the sale of which was managed by auction house Christie’s for almost $4 million dollars a carat,... Read more »

More Downside Potential in the Gold Stocks


While we expected the gold stocks to correct and test GDX $22 and GDXJ $35, we did not expect it to happen so quickly. It literally took only three days! Gold stocks rebounded on Friday and managed to close the week above those key levels. While gold stocks could bounce or consolidate for a few days, we would advise... Read more »

Is Gold Still Relevant?


Gold futures for delivery in March 2017 were about $1,230 per ounce during overnight trading on February 15, 2017. Gold has rebounded significantly over the past few months, primarily fueled by some political risks. Additionally, gold... Read more »

Underperformance in Gold Stocks Argues for Interim Peak


The early stages of Gold bull markets (this one included) are characterized by strong outperformance from the miners. They will lead the metals and turning points and register strong outperformance. We saw that in the early 2000s, late 2008 to early 2009 and we have seen it again over the past year. During the recent... Read more »

Why the ASX is King of the Hill for Mining Investments


The Australian Stock Exchange (ASX) is home to the most actively-traded indices in the Asia Pacific region. Among the many sectors in the ASX, the Metals & Mining sector ranks highly. At last count, there were some 700+ ASX listed companies involved in mineral exploration, production, and development across 100... Read more »

Gold Stocks’ Strong New Upleg


Gold stocks are on fire this year, powering higher in market-dominating performance. This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased. But this strong new upleg still remains young and small by historical standards. Gold stocks’ recent rally is only the vanguard... Read more »

Weaker US$ Could Send Gold & Gold Stocks to Higher Targets


Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk against Germany (and the Euro). Couple that with... Read more »

Gold Futures Looking Bullish


Gold has rebounded sharply higher in the past month, taking the early lead as 2017’s best-performing asset class. Normally such a big gold surge would require heavy gold-futures buying by speculators. But they’ve been missing in action, barely moving any capital into gold yet. Their collective bets on this metal... Read more »

Rally in Gold & Gold Stocks Has More Upside


Gold and Gold stocks have rallied as expected and the consolidation in the miners in recent days looks bullish. GDX and GDXJ have digested the recent recovery quite well as Gold is testing resistance around $1200/oz. While the price action portends to more gains so does the breadth in the miners as well as short-term... Read more »

Mining Sector to record improved performance in 2017


Following a superb performance in 2016, the mining industry is positioned to continue enjoying the positive performance in 2017. In their January 2017 report on the global mining industry outlook, analysts from Citi projected that mining stocks will have a strong performance in 2017. This they explained will be buoyed... Read more »

Big Gold Buying Coming


Gold has hit the ground running in this young new year, a stark contrast to its brutal post-election selloff. Rather remarkably, these strong recent gains accrued despite literally zero buying from one of gold’s most-important constituencies. The American stock investors who almost single-handedly fueled gold’s... Read more »

Graceland Updates: "Gold: The Rate Hike Rally Continues"


1. The last two bear markets in US stocks were deflation-oriented. 2. The next one is likely to be inflation-themed, and could feature the US dollar and gold soaring higher at the same time. 3. Please ... Read more »

Gold Stocks Leading but Approaching Trump Resistance Levels


Although we expected a rally in the gold mining sector, we have been surprised by its strength and recent buying pressure. From the lowest ticks, Gold has rallied less than 6% but GDX has gained 25% and GDXJ has soared 36%. This rebound adds to the evidence that the gold stocks are leading the metal. That being said,... Read more »

Gold Stocks Shine in 2017


The gold miners’ stocks are rocketing higher again after suffering a rough few months. Following sharp selloffs on gold-futures stops being run, the Trumphoria stock-market surge, and a more-hawkish-than-expected Fed, this battered sector had largely been left for dead. But gold stocks’ strong fundamentals finally... Read more »

Expected Gold & Copper price shifts under the Trump regime


Way before the elections day commodity prices were already volatile as expected due to the uncertainty of the US presidential elections on November 8th 2016. However, after the shocking victory by president-elect Donald Trump, investors now know their fate is determined and markets are trying to figure out what impact... Read more »

Why Ian Telfer, Others Remain Confident in Gold for 2017


The recent fall in gold prices has dampened its prospects for 2017 by analysts like BMO Capital Markets, which is forecasting prices to hit $1,175 an ounce next year, down sharply from the $1,413 BMO previously called for. The yellow metal has come under pressure... Read more »

How a Niche, Canadian Stock Market Community Outperformed the World in 2016


In a little followed– highly volatile niche of the stock market – public venture capital investing, has become an invaluable web site to crowdsource due diligence and discuss speculative investment ideas. The site was founded in 2012 by Vancouver-entrepreneur Tommy Humphreys... Read more »

Graceland Updates: "Gold: The Wait For Inauguration Day"


1. At this time last year, most gold investors and analysts were predicting lower prices for gold. Many of them were shorting it. 2. The shorts were obliterated, because gold bottomed the day after the December 2105 FOMC meeting. It soared about $330 an ounce, from about $1045 to above $1375. 3. It’s been said... Read more »

Here's How To Trade Gold for Profits without Owning the Bullion


Gold is one of the high profile assets and it occupies a strategic position in the markets because of its safe-haven properties. You'll be hard-pressed to find a diversified portfolio that doesn’t have exposure... Read more »

World Gold Council: Gold Demand Trends Q3 2016


ETP inflows again commandeered the gold investment market in Q3. Demand for bars and coins was, almost without exception, weaker across all markets. Investment demand in Q3 totaled 335.7t, 44% up year-on-year... Read more »

Gold is Oversold but Broken


Last week we wrote that the 2016 bull market in Gold and gold stocks had gone off course. It had moved too far out of the historical boundaries to remain a bull market. There was also other evidence of such including but not limited to rising real yields. Gold’s last hope was to hold $1200-$1210 and rebound back to... Read more »

Graceland Updates: Precious Metals: Key Levels For Buyers


1. Most amateur gold market investors look for “road signs” that suggest gold is in a bull market or a bear market. 2. In contrast, professional bank and FOREX traders focus on price levels. 3. These levels are powerful support and resistance zones where professional investors buy weakness, sell strength,... Read more »

Graceland Updates: "Gold: The Cost Of Production Is Near"


1. Gold is no longer vulnerable. It has entered a nice buying area. 2. The $1225 - $1200 price zone is both technically and fundamentally important. Here’s why: 3. The average cost of producing gold is now approximately $1210. Fundamentally oriented money managers of size are almost always buyers when gold dips... Read more »

Graceland Updates: "Gold: Vulnerable Until Rates Are Hiked"


1. Gold is vulnerable. It’s technically overbought, and a developing top pattern is a concern. 2. Please click... Read more »

Stocks Really Sway Elections


With 2016’s contentious US presidential election just days away now, traders are still trying to game the outcome of this tightening race. With a Hillary Clinton victory long priced in, the mounting odds Donald Trump will prevail have big implications for major markets. One critical place traders should look for clues... Read more »

Graceland Updates: "Gold: End Of The Year Excitement"


1. For gold investors, some days are more awesome than others, and I’ll boldly suggest that today is one of those days. Here’s why: 2. Inflation is no longer near. It’s here.  Please click... Read more »

Gold Stocks’ Winter Rally


The gold miners’ stocks have certainly had a wild ride this year. After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet. This coincided with gold stocks’ major seasonal low in October. That heralds their strongest... Read more »

Graceland Updates: Gold & Central Bank Confidence


1. The US election is now only about two weeks away. The winner of this election is likely to be… gold. Here’s why: 2.Both candidates are eager to increase infrastructure spending, and that’s likely going to open the door to congressional discussion of the issuance of perpetual bonds (aka “perps”). 3.... Read more »

Graceland Updates: Janet, Government, & The Woodshed


1. The SPDR fund tonnage increased again yesterday, and now sits at 967 tons. This is obviously good news for all higher gold price enthusiasts. 2.Please click... Read more »

Gold Stocks Screaming Buy


The gold miners’ stocks are suffering from universal and overwhelming bearishness today, with nearly everyone expecting further selling. That’s the natural reaction following this sector’s recent massive correction, which climaxed in one of its biggest daily plummets ever witnessed. But within bull markets, there’s... Read more »

Graceland Updates: "Gold: Deflation Ends & Inflation Begins"


1. The world is undergoing a major economic transition from deflation to inflation. Sadly, very few retail investors are correctly positioned to benefit from this exciting change. 2. In the big picture, the transition means that gold stocks will outperform gold bullion, and bonds will stagnate. 3. Chinese and... Read more »

State of the Mineral Exploration Industry


Most companies in the mineral exploration industry have stated that their objective was year over year growth, only in recent years has this started to become a marginal struggle. As M.... Read more »

Key Breakdowns after Silver’s Final Reversal


The end of the previous week was rich in signals as gold, silver and mining stocks all reversed along with the USD Index. Gold closed the week below the rising support line and the implications should not be ignored even by those who... Read more »

Silver Way Undervalued


After rocketing higher mid-year, silver has spent most of the third quarter drifting sideways to lower. This has naturally weighed on sentiment, with investors and speculators alike growing more bearish during recent months. Yet silver remains way undervalued relative to its primary driver gold, so silver’s young... Read more »

Graceland Updates: "Gold: Debates, Inflation, & Option Expiry"


1. If gold is to move substantially higher and retain the bulk of those gains, inflation needs to become a significant concern. 2. Please click... Read more »

Graceland Updates: "Rate Hike Implications For Gold Stocks & Dow"


1. The world is about 24 hours away from key BOJ and Fed meetings that could create a sea change in global markets. 2. Please click... Read more »

Why Has Gold Stalled?


Gold’s young bull market has totally stalled out in the past couple months. This major loss of momentum following gold’s powerful surges in 2016’s first half is really souring sentiment and vexing traders. They are trying to figure out if gold’s recent consolidation drift is the dawn of a new bearish trend or... Read more »

Gold and Gold Stocks Correction Continues


The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger correction and perhaps has started the C portion of a typical A-B-C (down-up-down) correction. This... Read more »

Graceland Updates: "Gold & Silver: Good Times Are Here"


1. Gold has a rough general tendency to decline ahead of the monthly US jobs report, gyrate wildly when the report is released, and then rally modestly higher for another one to three weeks. The cycle tends to repeat itself with varying degrees of intensity. 2. Please ... Read more »

Graceland Updates: "Gold: Jobs Report & Fed Are Key"


1. At the current pace of quantitative easing, Japan’s central bank is buying so many bonds that it now has about 24 months left before there are no more bonds left to buy. 2. The BOJ is buying close to $800 billion (USD) of bonds annually. The bank’s QE program is truly gargantuan, and Kuroda made a key speech... Read more »

Gold & Silver Trading Alert: Suspicious Reversal in Gold


Gold moved lower early during yesterday’s session, but came back up later on and finally gold ended the session only less than $3 lower. Can we view such a reversal as a bullish sign? Not necessarily – a reversal should be confirmed by high volume and yesterday’s session wasn’t. Consequently, one needs to look... Read more »

Gold Miners’ Q2’16 Fundamentals


The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector. Many have tripled, quadrupled, or even quintupled since mid-January alone! But are such epic gains fundamentally justified? Much insight into this crucial question for investors can be gleaned from the... Read more »

Graceland Updates: "Gold: Fresh Upside Breakout Is Imminent"


1. The US dollar is coming under severe pressure against the Japanese yen this morning. That’s good news for gold. 2. To view what is essentially a financial train wreck, please click... Read more »

Graceland Updates: "Gold Stocks Versus Bullion: Inflation 101"


1. Gold price bulls and bears may all be getting a bit frustrated now, as gold refuses to follow their predicted paths, and simply meanders sideways. 2. Please click here now. Double-click to enlarge this daily... Read more »

Gold Stocks’ Autumn Rally


The gold miners’ stocks have already enjoyed a phenomenal year, blasting higher with gold’s new bull market. This sector’s market-dominating performance has been amazing. Yet incredibly, the gold stocks are only now entering their strongest time of the year seasonally. Historically during bull-market years the... Read more »

Correction Over, Gold & Gold Stocks Eyeing New Highs


In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust. A negative reaction to the Federal Reserve statement could have caused lower prices but instead Gold and gold stocks are now primed for new highs. Fundamentally,... Read more »

Graceland Updates: "Gold: Fed & BOJ Are In Play"


1. The gold market is quiet, and there is seasonal softness. 2. That may be about to change, as both the US and Japanese central banks are having policy meetings this week. 3.  The Fed meets on Wednesday, and the BOJ follows on Thursday. There is also some confusion in regards to the BOJ’s position on perpetual... Read more »

Gold’s Record Selling Overhang


Gold’s mighty new bull market this year has been amazing, the result of heavy buying by investors and speculators alike. But these latter traders have pumped so much capital into gold futures that this metal now faces a record selling overhang. Since the hyper-leveraged nature of futures trading demands an ultra-short-term... Read more »

Graceland Updates: Gold Revaluation Is The Only Solution


1. Gold stocks continue to take out key highs, but in the big picture, the upside action has barely started. 2. Please click here now. Double-click to enlarge this quarterly bars XAU index versus gold chart. 3.... Read more »

Gold Stocks’ Record Summer Surge


The red-hot gold miners’ stocks have continued blasting higher this summer on heavy ETF buying by professional money managers. Funds’ ongoing big capital inflows into this market-leading sector have overcome its usual summer seasonal weakness. While gold stocks’ odds-defying record early-summer surge certainly... Read more »

Graceland Updates: New Trading Range For Gold Stocks


1. The gold price action in 2016 is now getting widespread attention. The upside fun can continue, but when “the crowd” is very excited about the next possible move, the wise professional investor takes the view that a more relaxed outlook may be in order. 2. Please ... Read more »

Graceland Updates: "Gold Pauses At Key Resistance"


1. In a boxing ring, size must be respected. In the same ring, a heavyweight champion fighter tends to absolutely destroy a flyweight fighter. In the gold market, size must also be respected. 2.  Please click here... Read more »

2014 Resistance Holding Gold Stocks after Brexit


What a last 24 hours for markets! At one point Gold was up $100/oz, S&P futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz with Silver settling below key resistance at $18. The miners predictably gapped up but the strength... Read more »

Graceland Updates: "Brexit To Fuel Gold Stock Performance"


1. All institutional eyes are on the Brexit vote. In the short term, it’s the main driver of gold price discovery. 2.  Please click here now. In the big picture, a “Stay” vote is mildly... Read more »

Graceland Updates: "Clash Of The Titans Propels Gold"


1.When titans clash, reverberations are felt around the world. The US central bank has begun a titanic clash with the US government, and as the battle unfolds, all markets will be impacted significantly. 2.  Please click... Read more »

Gold Juniors’ Q1’16 Fundamentals


The smaller gold-mining and exploration stocks have enjoyed an amazing year, soaring with gold’s new bull market. Many have more than doubled since mid-January, and some have more than tripled at best in that short span. Are such spectacular gains fundamentally-justified, or merely the result of ephemeral sentiment... Read more »

Wayne Wile, Major Investors Embracing Gold


Last week, legendary hedge fund manager Stanley Druckenmiller recommended gold as the asset class to own and declared the "bull market in stocks is exhausted". That’s just what I wrote four months ago. Druckenmiller asks "what was the one asset you did not want to own when I started Duquesne in 1981? Hint…it has... Read more »

Gold Stocks Too Far Too Fast?


The gold-mining stocks have skyrocketed this year, radically outperforming every other sector. Smart contrarians who bought them low late last year and in January have seen their capital doubled, tripled, and even quadrupled! But such blistering gains raise the ominous specter of crippling overboughtness, conditions... Read more »

Latest mining trends on the international foreign exchange market


Forex traders do not usually pay too much attention to commodities trading. While the two are connected (and some trade in both markets), one does not always spill into the other. However, when it comes to precious metals, foreign exchange trading is necessarily affected. Gold especially correlates with the strength... Read more »

Gold Stocks: Extended but More Upside Potential


What a move in the gold stocks! The sector has refused to correct for more than a few days at a time. All weakness has been bought as a wall of worry has been built and the sector emerges from a historic low that could be on par with the 1942 low in the stock market. I thought the Federal Reserve statement or reaction... Read more »

Graceland Updates: "Gold: Tactics For Bull Era Fun"


1.All institutional analyst eyes are on this week’s central bank announcements from Japan and America. Most gold community analysts seem to have a difficult time grasping the idea that Japan’s fiat currency is viewed by top FOREX money managers as a safe haven, albeit less of one than gold. 2. The Japanese government... Read more »

Top Mining Minds: Ian Telfer, Goldcorp Inc.


Those of us who work in the mining sector are probably well-aware of some of the big names in the industry. Names like Eike Batista, Robert Friedland, Lukas Lundin, and Frank Giustra. All mining executives who have not only enjoyed great success in the industry, but who have also seemed to be in the right place at the... Read more »

Miners Reach First Resistance Target but Continue to Outperform Gold


The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance... Read more »

Graceland Updates: "The Inflation-Adjusted Price Of Gold"


1.The price action continues to be superb for most mining stocks held by the Western gold community. 2. Now, silver bullion is poised to join the upside fun. That’s an indication that the current rally will enter its final stage. The final stage of a major rally in any investment class can produce truly spectacular... Read more »

What to Watch For in Gold & Gold Stocks


Gold and gold stocks finally showed a bit of weakness during the holiday shortened week. Gold had its biggest weekly loss in months, losing 3% to $1217/oz while the miners (GDX, GDXJ) declined about 5%. Silver lost 4%. If weakness in Gold and gold stocks continues then we should turn our attention to technical support... Read more »

Wayne Wile, If You Blinked, You Missed it


I think that was it…the correction in gold that I called mid last week. Yes, it’s still overbought. The drop was only about $50 per ounce, top to bottom. But I think the uptrend may now resume. Because this is not a gold bear market, dear reader. It’s a bull. The longs who sold in expectation of the kind of... Read more »

Graceland Updates: Gold Stocks: Surfing An Institutional Wave


1.As it often does, gold is pausing ahead of this week’s FOMC meeting. I don’t expect Janet Yellen to raise rates this week, although recent jobs reports and the oil price rally are likely tempting her to do so. 2. The limited recovery from the meltdown in global stock markets after her first rate hike is likely... Read more »

Gold Juniors Strong in Dark Q4


With gold miners’ stock prices surging dramatically this year, investors’ attention is starting to return to the gold juniors. These smaller miners and explorers suffered terribly in recent years, all but abandoned as gold slumped to major secular lows. But even during gold’s darkest quarter, the fundamentals... Read more »

Wayne Wile, Gold Producers Know Nothing About Gold


The mining industry just finished its annual conference in Toronto (known as the PDAC). As usual, there was more drinking and promoting than substance but a good time was had by all mostly because the metals are popping, especially gold. Now, good miners are valuable people because mining is not an easy business.... Read more »

Clive Johnson of B2Gold makes a fool of himself, again


According to a report on IncaKolaNews Clive Johnson, CEO of B2Gold has been involved in yet another incident where he let his apparent drinking problem and anger get the better of him.  The scene of the incident was the BMO Global Metals and Mining... Read more »

Wayne Wile: Pick of the Week: Goldcorp (GG: NYSE)


This major gold producer opened down 10% this morning (February 26, 2016) because of the earnings news released the night before. Were the earnings that bad? No, not at all. Once again, the market sells when it should buy and buys when it should sell. First, you need to know that Goldcorp just brought in a new CEO.... Read more »

Graceland Updates: "Gold: C Wave Rally Intensifies"


1.All lights for gold are green, and rather than beginning a correction, gold may be poised to intensify its rally. 2. Investors with widely differing views on gold all seem to be pressing their buy buttons at the same time. That’s something that has not happened in a long time. The bottom line is this: 3.  Key... Read more »

This Year's Subscriber Investment Summit - March 5, 2016 - Hilton Toronto


One day before the PDAC begins, on March 5th, this year's Subscriber Investment Summit will be held at Hilton Toronto.  In the past, the Subscriber Investment Summit has been a must-attend conference event, featuring leaders in the junior resource space, such as North... Read more »

Gold Miners Thrive in Bleak Q4


The gold miners’ stocks have soared this year as investors flock back into this long-abandoned sector. Many traders wonder if these eye-popping gains are merely the product of fleeting sentiment that could reverse anytime, or are supported by strong underlying fundamentals. With the gold miners reporting their latest... Read more »

Wayne Wile: Technical Indicators Still Positive for Gold


Gold took a kicking over the long weekend. It had moved too far too fast, was overbought and needed a correction. But that’s all it is, IMO. I don’t use a lot of technical indicators, but every once in a while you find one that seems to work. In gold, it’s the 50 week moving average. Why does it work? Only... Read more »

Graceland Updates: "Gold: Risk-On Markets Rally Brings A Pause"


1.Led by oil, the world’s risk-on assets are beginning what could be a fairly significant bear market rally. Bear market rallies tend to be quite violent. They often end very quickly, without warning. 2. Please click... Read more »

Wayne Wile: The Real Story on the US Economy: Manufacturing Sales


US manufacturing sales on a seasonally-adjusted basis have fallen for 17 consecutive months and are now down more than 8% below the July 2014 peak. December 2016 manufacturing sales were at the same level as November 2011, obviously a story of stagnation rather than the economic recovery the Fed keeps... Read more »

New Bull Market in Gold on Track


Last week we focused on the gold stocks. There was more initial evidence of a new bull market there than in Gold. However, Thursday Gold erased some doubts as it rocketed above $1200/oz and to as high as $1264/oz before settling a bit lower. That move puts Gold’s recovery on par with those following past major lows... Read more »

Wayne Wile: Negative Interest Rates Will Bring an Explosion in Gold


By now, we all know that central bank asset purchases (known as Quantitative Easing or QE) have failed to boost the economies of all the jurisdictions that have done them—Japan, the Eurozone, Denmark, Sweden, Switzerland and the US, to name names. The new, new extreme central bank plan to spur economic growth is negative... Read more »

Wayne Wile: Pick of the Week: Kinross (KGC: NY)


The gold stock sector has started to move and my clients and I are loaded up. This last week, most of the companies have had a good run although there is much more to go. Did you know this or are you fixated on yesterday’s bull market on NASDAQ? I think gold has begun to move into a new bull market which will last... Read more »

Graceland Updates: "Risk-On Dollar Burns While Gold Shines"


1.Gold has stunned most of the world’s analysts with a major rally after Janet Yellen hiked rates. The citizens of China also appear to have greatly increased their buying. 2. In the past few days, instead of waning, this rally has relentlessly intensified. Some gold stocks are showing 100%+ gains, just since... Read more »

Gold, Miners Rocket Higher


Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector. This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders. And this stunning reversal of fortunes in both the metal... Read more »

Graceland Updates: Gold Stocks: Spectacular Charts In Play


1.Gold and Japanese fiat are unlikely friends. During economic crisis, money managers treat both gold and the yen as safe havens. Top FOREX traders use the action of the dollar against the yen for cues to place bets on gold against the dollar. 2. From a fundamental perspective, while it’s true that both the US... Read more »

No Change in Outlook for Gold & Silver


With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep “forever bear” has to end but it hasn’t yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It’s showing strength against foreign currencies and has broken its downtrend... Read more »

Graceland Updates: “Gold Stock Champagne”


1.The gold price rally is accelerating. Please click here now. Double-click to enlarge. That’s the four hour bars gold chart, and the price action is solid. Gold has broken out to the upside, from a second inverse... Read more »

Absurd Gold-Stock Levels 3


Gold stocks remain the pariah of the investment world. Despite gold’s strong early-year gains, the stocks of its miners have slumped to new secular lows. This whole forsaken sector continues to languish at fundamentally-absurd price levels, an extreme anomaly that is long overdue to start unwinding. The gold miners... Read more »

Graceland Updates: "Gold: Main Street Leads Wall Street"


1. As the third trading week of 2016 gets underway, gold continues to trade with great stability, regardless of whether global economic news appears to be good or bad. 2. Please click here now. Double-click to enlarge this hourly bars gold chart. 3. When gold was languishing in the $1060 area, I suggested it would... Read more »

Silver & Gold Stocks Dangerously Close to Breakdown


The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13% while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did not mount much of a rebound to begin with remains mired below $13/oz. Gold is showing... Read more »

Graceland Updates: "Stagflation: Implications For Gold & Silver"


1. At the end of the year, I always urge investors to stand aside from the US stock market. That’s because major money managers tend to move large amounts of liquidity during the first week of January, setting the tone for the year. 2. This year, the US stock market just put on what is arguably the worst first... Read more »

Fueling Gold’s 2016 Upleg


Gold certainly had a rough year in 2015, grinding inexorably lower on Fed-rate-hike fears and investor abandonment. But gold is poised to rebound dramatically in this new year, mean reverting out of its recent deep secular lows. The drivers of gold’s weakness have soared to such extremes that they have to reverse... Read more »

Graceland Updates: "Silver To Lead Gold In 2016"


1. As 2015 comes to an end, gold feels solid. There are many factors coming into play in 2016 that should incentivize investors to add to their positions, and do so with comfort. 2. Please click here now. Double-click... Read more »

Graceland Updates: 2016: The Golden Year


1. The year of 2016, for a veritable myriad of reasons, looks very good for gold and related assets. 2. First, while gold bullion recently traded below its summer low, about 75% of GDX component stocks are trading higher. That’s a classic technical bullish non-confirmation, it is significant. 3.Please ... Read more »

Graceland Updates: Gold In 2016: Janet & Chindia


1. When times change, champions change with the times. To survive in the West’s new era of long term slow growth, business owners have essentially had to reinvent themselves. Their mantra is adapt or die. 2. The gold market is also changing, and so the champions known as the Western gold community need to change... Read more »

How Much Longer Will Rising US Dollar Crush Commodities and Mining Equities?


-For over four years, capital has been flowing from Europe into the US Currency and Economy to get better returns. -The rising dollar and S&P 500 crushed commodities and emerging economies over the past several years. -Geopolitical uncertainty throughout the world is rising especially in the Middle East where... Read more »

Gold & Silver Trading Alert: USD and Silver Invalidate the Breakdowns but Gold Doesn’t


Briefly: In our opinion, no speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view. In other words, we think that taking the rest of the profits off the table is justified from the risk to reward point of view. It seems likely that we will re-enter the short positions... Read more »

Stock Topping Valuations


The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention. Wall Street calmly asserts stocks are reasonably valued, since it has a huge vested interest in keeping people fully-invested. But with valuations soaring following a massive rally and weak third-quarter earnings... Read more »

Graceland Updates: Mid-East Change: Oil & Gold Rally Catalyst


1. The case for gold ownership is not any weaker or stronger now, than it was a thousand years ago. Gold is the world’s ultimate asset, and that’s irrespective of whether the price is currently rising or falling. 2. Currently, most commodity indexes are dominated by oil, and game-changing events in the mid-East... Read more »

Gold Miners’ Strong Q3 Results


The beleaguered gold-mining sector continues to be plagued by monumental universal bearishness. Nearly everyone assumes the gold miners are doomed, that they can’t survive for long in a sub-$1200-gold environment. But this belief is totally wrong, a consequence of extreme fear’s fog of war. The gold miners’ underlying... Read more »

Graceland Updates: Gold & Silver: COT Report Nirvana


1. I’ve talked at length about the relationship between US money supply velocity and interest rates, and done so in a positive way. 2. A modest rise in nominal interest rates encourages banks to make loans, and it makes those loans profitable. Most of the QE money has either just sat in bank coffers, or it has... Read more »

Nicola Mining, $51 mm Invested in 4 Assets, Market Cap $6 mm, Cash Flow Next Year


The July 2013 announcement of Peter Espig’s accepting the role of CEO may have come as a surprise to some; however, to Mr. Espig it was a natural career progression. He grew up around mines and exploration projects, having spent 8 years working as a diamond driller in the 1980s. His career as an internationally renowned... Read more »

Chairman Interview: Paul Matysek of Nano One Materials, Leading Lithium Technology Company


The following interview of Mr. Paul Matysek, Chairman & Director of Nano One Materials Corp. (TSX-V:NNO) was conducted by Peter Epstein, CFA, MBA in the week ended October 30, 2015. The interviewer, Peter Epstein, believes that the information put forth by Mr. Matysek is accurate, but cannot guarantee that it is.... Read more »

Bearish Reversal in Precious Metals at Resistance...Again


The precious metals sector sharply reversed course after the Federal Reserve hinted that it may raise rates at its next meeting. This about face from the Fed was enough to effectively end the fledgling rally that began in the summer and threatened to take metals and miners higher to their 400-day moving averages. The... Read more »

Graceland Updates: Gold: A Scary Drop, And Then A Pop!


1. Gold is the world’s ultimate asset. So, even when nothing important is occurring in the market, investors can experience “ultimate greed” or “ultimate fear”. 2. Because the quality of the asset is so high, it’s crucial that investors are emotionally able to buy gold when uncertainty or even outright... Read more »

Gold Miners Holding Gains in Bullish Fashion


We published a video update a few days ago discussing the short-term outlook for the precious metals sector which includes the gold miners. With regards to the miners, we took the view that they could digest recent gains and hold support or break lower and trade close to the support near summer lows. After this week... Read more »

Graceland Updates: Gold & Silver: Pennant & Flag Action


1. Canada has a new Prime Minister. His name is Justin Trudeau. 2. “Trudeau has pledged to run small budget deficits and spend on infrastructure to stimulate economic growth, which has been anemic for years. He has also promised to raise taxes on high-income Canadians and reduce them for the middle class.”... Read more »

Radical Gold Underinvestment 2


Despite gold blasting higher this month, this metal remains deeply out of favor among investors. They have shunned it for years thanks to extreme central-bank money printing levitating stock markets. This slayed demand for alternative investments, led by gold. But the resulting radical underinvestment in gold today... Read more »

Anthony Wile, Other Bears vs. New Golden Bulls


Is gold finally beginning to brighten? Some analysts believe that the Federal Reserve’s difficulty in raising rates is liable to give the gold price a bump. A recent article at Read more »

No News is Good News for Near-Term Producer Orinoco Gold


My prior article on Orinoco Gold (ASX:OGX) (OGX:ASX) (OGX.AX) was on August 12th when the stock traded at A$ 0.09 per share. Recall, Orinoco Gold is an Australian (ASX-listed), Brazilian-focused... Read more »

Nav Dhunay’s Big Data Model a Natural Resource for Miners


While most of us know and use the internet in a variety of ways every single day, we also interact on a much more digital level through what’s called the Internet of Things (IoT for short). The Internet of Things is a network where interconnected devices... Read more »

Lisa Overholt Eyes Technology, Sees Improvement in Mine Training Standards


Safety training is an integral part of a number of different jobs in a variety of fields like healthcare, the oil and gas industry and forestry, to name a few. Safety training is also a paramount concern in the mining industry, where one wrong move can cost the lives of dozens of miners and those working above ground,... Read more »

Graceland Updates: "Gold & The Dow: Options Expiry Day"


1. As I write this update, US stock markets have already given up all of yesterday’s gains this morning. To make an already-bad situation worse, “Quadruple Witching Hour” occurs on Friday. 2. Individual stock options, stock futures, stock indexes and stock index futures all expire then, and this expiry could... Read more »

Re-Introducing Nevada Gold and Silver Producer, Comstock Mining


The following interview of Corrado De Gasperis, President, CEO & Director of Comstock Mining was conducted by phone and email in the week ended September 18th. The views, opinions and reported facts are entirely those of Corrado De Gasperis. The interviewer, Peter Epstein, CFA, MBA of Read more »

Philip T Mesman Wants Miners to See Potential Behind Mobile Tech


Mining is one of the oldest and most dangerous professions on the planet. Due to the danger involved in mining, the industry as a whole has never been quick to embrace change. However, recent reports indicate that mobile technology innovations are helping to transform the current state of mining for the better. Mining... Read more »

Gold price continues it’s downward trend


Gold is seen by many to be the premier safe haven to invest in when times are tough. Following the global economic meltdown in 2008, the price of gold rose steadily as more investors protected their investments by buying gold. The price hit an all time high of $1895 per troy ounce in September 2011, but since then has... Read more »

10 Reasons Why Junior Miners Could Come Back Into Favor in 2016


Summary A)Investors generally return to the market after Labor Day from Summer Vacation. Trading volume picks up. B)Investors are returning to an extremely volatile market where three digit moves have become the norm. C)Precious metals and commodities come back into favor when searching for... Read more »

Graceland Updates: Silver Stocks: Jobs Report Rally Leaders


1. Welcome to September! Please click here now. That’s the daily Dow chart. In early morning futures market trading, the Dow is down about 330 points. 2. It’s a horrific start to the month, and it could get much worse. Here’s... Read more »

Graceland Updates: "Dow Theory & Gold's Strong Season"


1. Have US stocks entered a bear market? 2. In most assets, MSM (mainstream media) uses a 20% decline as a rule of thumb to define a bear market. While an asset that’s declined 20% might be in a bear market, that rule of thumb is at best a very crude attempt to define the overall price action. 3. Different assets... Read more »

Interview of Shawn Wallace, President and CEO of Auryn Resources Inc.


[Note: over the past month the S&P500 is down 5.23%, the DJIA down 6.31% and Gold (KITCO Charts) UP 5.23%] (stock futures are down 4% Monday morning) The following interview of Shawn Wallace, President and CEO of Auryn Resources Inc.was conducted by Peter Epstein, CFA, MBA in the week ending August 21st. From... Read more »

Gold Juniors’ Strong Financials


The smaller gold miners and explorers have suffered catastrophic stock-price losses in recent years. These extreme declines have led investors and speculators to assume that much of this sector won’t survive lower prevailing gold prices. But nothing could be farther from the truth. The hated and left-for-dead junior-gold... Read more »

Orinoco Gold, Low-Cost, Fully-Funded, Production Within 6 Months, very CHEAP


Australian-listed Orinoco Gold (Ticker: ASX:OGR) (OGR:ASX) is endowed with expansive ​central Brazilian gold and silver assets​, most notably the Company’s 70% owned Cascavel Gold Project, within the Faina Greenstone Belt. Orinoco could have one of the cheapest risk-adjusted valuations of any... Read more »

Precious Metals Get a Reprieve


The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely to be a relief rally... Read more »

Gold & Silver Correlations for August 2015


Correlation seems almost like a magical word. In fact, most people don’t have to use this term more often than a couple of times a year. In the world of investing, however, correlation is an important concept which has to do with how different assets move in relation to one another. Before we even dive into what correlation... Read more »

Gold: Rebound or Another Breakdown?


The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads us to the... Read more »

Graceland Updates: Gold: Accumulation With Prudence


1.In an inflationary environment, silver bullion and junior/intermediate gold stocks tend to outperform gold bullion and senior gold stocks. 2. Please click here now. That’s the daily gold chart. The price now... Read more »

Gold News Monitor: In Gold We Trust 2015


Last month, the 2015 edition of the In Gold We Trust report was released. What can we learn from this publication? As always in June, Incrementum AG (an independent asset management & wealth management company based in the Principality of Liechtenstein) published its annual “In Gold We Trust” report, the... Read more »

Gold Miners Nearing Rebound


Recently we’ve been writing about the downside potential in precious metals and the danger for precious metals bulls. The gold miners and Silver have led the rout while Gold finally cracked support ($1140-$1150/oz) last week. That led to a severe selloff across the complex. As we pen this on Thursday evening it appears... Read more »

Interview of Managing Director of Orinoco Gold, Near-Term Producer


The following interview of Managing Director Mark Papendieck of Orinoco Gold was conducted by Peter Epstein, CFA, MBA over the week ended July 20th. Orinoco Gold is an interesting gold junior with a soon to be producing mine in the Brazilian State of Goias. Without further ado, let’s jump right into... Read more »

Netolitzky Drills For Wealth Creation Hat-Trick In B.C.’s Golden Triangle (SKE.v)


"In our business, you make it taking shots." Ron Netolitzky, 2014 Canadian Mining Hall of Fame inductee Prospector Ron Netolitzky found his footing exploring for uranium in the northern Saskatchewan muskeg while oil patch consulting on the side, but it was in the mountains of northwestern British Columbia that he... Read more »

Tony Merchant On What Company Public Disclosures Means to Miners


After a two year consultation process, Canada’s new Extractive Sector Transparency Act came into effect in early June. The Act is part of an international effort underway in the EU and the United States aimed at combating corruption, while increasing transparency in the mining space. Dubbed the ‘Publish What You... Read more »

Graceland Updates: "Gold Stocks: Earnings Make Charts"


1. Most gold analysts think that gold is in a bull market, or a bear market. They use charts and US economic reports to try to prove that the gold price is ready to move substantially higher or lower. 2. In contrast, I’ve argued that the world gold market is in a state of transition. It’s transitioning from a... Read more »

Lawyer David Costa, “as skilled workers needed, miners must know labour laws”


The looming skilled labour shortage was addressed by Canada’s Employment Minister Jason Kenney at an annual skills summit last month in Toronto. Kenney reiterated the growing concern that Canada will lack approximately one million skilled labourers by 2020. He also pointed out that some industries will be harder hit... Read more »

More Weakness Ahead in Precious Metals Complex


The precious metals sector is enduring losses for the third straight week. The gold miners and Silver have led the way down, though Silver has rallied over the past two sessions. Gold has also rallied yet remains dangerously close to making a new weekly low for the bear market. While the metals recovered some losses... Read more »

Graceland Updates: "Understanding China, Gold, & Seasonality"


1. The pressure on the US stock market continues to grow. Please click here now. Note my red annotations on this key S&P500 earnings chart. 2.With QE gone, rate hikes on the horizon, wage pressures... Read more »

Netolitzky’s Skeena Resources Funded for 12-18 Months, Drilling Commencing Soon


As reported, Skeena Resources (SKE.V) (SKREF) announced an up-sized, non-brokered C$8.1 million capital raise with no warrants attached. This is a tremendous outcome that de-risks Skeena’s Spectrum project by eliminating funding risk for the next 12-18 months.... Read more »

Graceland Updates: Greece Burns & Gold Prepares To Rally


1. As the crisis in Greece (and now Puerto Rico) intensifies, Global markets (except gold) are tumbling. Please click here now. Greek banks are closed,and the situation looks grim. 2. Incredibly, the enormous... Read more »

Extreme Gold/Silver Shorting


Gold and silver are languishing near major lows, trudging through the barren sentiment wasteland of the summer doldrums. The major factor behind this weakness is extreme shorting by American futures speculators. But their heavily-bearish bets are actually very bullish for both precious metals. Not only do these traders... Read more »

Pershing Gold Up-Listing to NASDAQ, All Roads Leading to Higher Share Price?


I, Peter Epstein, CFA, MBA have no prior or existing relationship with Pershing Gold (PGLCD) or any company mentioned herein. Readers should be aware that an investment in Pershing Gold is a speculative one. Readers should consult with their own investment advisors before buying or selling any speculative stock. I,... Read more »

Gold and Silver Headed for Breakdown


Gold and Silver rebounded following the Fed minutes released last Wednesday. However, one week later both metals are back below pre-Fed levels and moving dangerously close to important support. Silver fell 2% on Tuesday to $15.81/oz, which is only 2.2% above its lowest weekly close of $15.46 which occurred seven months... Read more »

Graceland Update: Gold: Don't Fight Beijing


1. I realize that most analysts in the gold community are nervous about gold, and nervous about China’s stock market. In contrast, I think this is the greatest time in history to own both gold and the Chinese stock market. 2. Within a few years, I expect the mantra “Don’t fight the Fed” to be about as important... Read more »

HUI’s Lowest Weekly Close Since 2003


Briefly: In our opinion, a speculative short position (full) in gold, silver and mining stocks is justified from the risk/reward point of view. We have previously commented on the mining stocks’ underperformance relative to gold and its bearish implications. Last week, however, we saw something even more profound.... Read more »

Juniors Show Relative Strength as Precious Metals Weaken


Despite three consecutive weeks of losses precious metals have failed to mount much of a rally. Gold closed last week above $1170 and may close this week below $1180. Meanwhile, Silver has struggled to mount any rebound and appears to have lost $16 as the week comes to a close. While the risk of a final breakdown is... Read more »

Graceland Updates: "Gold Buy Signal & Dow Transports Meltdown"


1. Please click here now. That’s a seasonal chart for gold. I’ve highlighted my key buying and profit booking areas. 2.  June is the most important time of the year to buy gold. 3. Unfortunately,... Read more »

Radical Gold Underinvestment


Gold remains deeply out of favor thanks to global central banks’ extreme money printing. This fueled a global stock-market levitation that has temporarily short-circuited normal market cycles, leaving investors infatuated with stocks to the exclusion of prudent portfolio diversification. This has left them radically... Read more »

3 Top Reasons to Buy Ucore Rare Metals Sooner Rather Than Later


Ucore Rare Metals Inc. (UCU.V) / (UURAF) has released a plethora of good news since early March, yet the stock price is virtually unchanged, at $0.35. But up from 30% from early May. Intuitively and fundamentally this makes little sense. In an article... Read more »

Graceland Updates: "Gold & Silver: The June Swoon"


1. The month of June is typically a boring one for gold and silver price action, although the latter half of the month tends to be a bit better for gold. 2. Please click here now. That’s the seasonal chart for... Read more »

Interview with Ucore Rare Metals' Technology Partners


The following interview was conducted on May 15th-18th via phone and email by Peter Epstein, CFA, MBA. The opinions expressed herein are entirely those of the three named individuals. Please see a direct link to applicable disclosures and two excellent links regarding Ucore... Read more »

Gold Miners Fail at 200-day Moving Average


Last week we wrote that the precious metals complex had not broken out yet and had more work to do before it could attempt a true breakout. The metals had some more upside and so did the shares. However, the poor performance of the shares this past week could warn of a larger reversal. We thought the gold miners... Read more »

Two Junior Miners in Alaska Highlighted on US Senate Floor For Their Strategic Importance


I highlighted several weeks ago the rising concern by the US public about our mineral dependance on foreign entities. Important national news has just crossed our wires this morning as two of our featured Alaskan junior miners were mentioned in testimony on May 12th in front of the US Senate Energy and Natural Resources... Read more »

Graceland Updates: Gold Stocks Love Janet Yellen


1. In the Western gold community, there seems to be a fairly widely held view that gold prices can’t rise much higher, unless confidence in central banking is lost. 2. I beg to differ. Investors who bet against central banks generally don’t fare very well. The 2008 crisis saw the Fed use some of its tools, but... Read more »

Major Bullish Breakout in Precious Metals and Copper, Two Junior Miners Lead OTCQX in 2014


There are many good signs for a major bullish breakout in the beaten down precious metals, energy and commodity sector which may be bottoming as the general equity, bond market and US dollar appear to have recently topped a couple of months ago. Rising interest rates and the specter of higher inflation with anemic growth... Read more »

Tin price down 30% year on year


Tin prices started falling in 2014 and are now close to a 5 year low. Although prices have seen some recovery from the lowest point reached in April, the LME cash price at the beginning of May was just over USD 16,000 per tonne, down 30% y-o-y and nearly 20% down since the start of the year. So what has caused the fall... Read more »

Gold Stocks Recovering


Gold stocks’ reign as the most despised sector in all the stock markets remains unchallenged. They’ve even been abandoned by contrarians. But such universal antipathy and apathy is the breeding ground for major bottoms. And despite gold’s lackluster performance, gold stocks have actually been rallying on balance... Read more »

Griffin and Highbury Comments on the Diamond Landscape Post Argyle Mine


In April this year, Rio Tinto (RIO), the globally known mining company that owns and operates the equally renowned Argyle diamond mine, announced that its first quarter diamond production was up 14... Read more »

Skeena Resources Funded for 2015-16, Targets Locked and Loaded


It’s difficult to overstate the importance of Skeena Resources’ (SKE.V) latest upsized, non-brokered capital raise. Instead of $4 million, the company raised $6.5 million and it could have raised more. The raise was done at the market. Best of all, no warrants... Read more »

Graceland Updates: Wealth Building 101: Gold Stock Ratios


1. The price movement of gold and silver bullion continues to disappoint both the bulls and bears. “Key” upside and downside breakouts are followed by more sideways action. 2. It’s not just gold and silver that are acting like slugs in the mud. Bill Gross has just echoed my view that the US stock market is... Read more »

Trade with Kavan, Watching the Dollar Key to Understanding Gold


The U.S. dollar is currently at a five-year high against other major currencies. Meanwhile, the roughly $1,200 per ounce price of gold is one-third of what it was in 2011. Even as things that normally cause the price of gold to rise are occurring, due to the strength of the dollar they seem to be having little effect... Read more »

Redstar Gold starts drilling 1450 metres at Unga Island, Alaska


Testing for extension and continuity of historical high-grade. In the last ten years, new discoveries in the gold mining industry have been declining. So far this year, explorers are nowhere near matching the 89 million ounces of gold produced in 2014. There’s never been a greater need for junior companies to find... Read more »

Continental Gold’s Buriticá Mine On Track for Permitting Completion in Q2 2015


On the back of a positive Preliminary Economic Assessment (“PEA”), one that demonstrated robust economics even at today’s gold prices, Toronto’s Continental Gold (TSX: CNL; OTCQX:CGOOF) is readying... Read more »

Agrium’s (TSX:AGU) Axing of EarthRenew Contract Hurts Agri-Innovation


What if I told you that one country alone controlled the world’s food supply and its ability to feed growing populations? I think that’s something you’d want to know more about. Tracking prices of gold and silver and understanding fluctuating supply and demands of mined commodities like uranium and copper are... Read more »

Silver Stocks’ Signal


Briefly: In our opinion, a speculative short position (half) in gold, silver and mining stocks is justified from the risk/reward point of view. The situation in the precious metals market is quite specific at this time. We have gold moving higher on low volume and moving lower on increased volume (which is bearish),... Read more »

Which Way Will Precious Metals Break?


Precious Metals continue to be a conundrum. While Gold has trended lower it has failed to break below $1100 as so many expect. It is very strong against foreign currencies and did not break to a new low even as the US$ index rallied from 87 to 100. On the other hand, Gold has failed to sustain any bullish momentum.... Read more »

Graceland Updates: Gold: Are Greed & Fear Becoming Irrelevant?


1. Almost every day, bank economists are making more positive statements about the outlook for gold prices, and rightly so. "Money printing had almost always resulted in inflation but in today's excess global production capacity environment and with the oil price having collapsed, that inflation has been deferred…."... Read more »

Expect Talent-Driven Mining M&A: Headhunter


Ten years ago, Andrew Pollard recruited his first CEO of a publicly traded mining company. He was 20 years old and bought himself a Porsche to celebrate, despite living with his parents at the time. In the decade since, he has built Mining Recruitment Group (MRG) to be... Read more »

Gold-Futures Short Covering


Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These perpetually-bearish traders are once again heavily short... Read more »

Six Junior Gold Miners Ready To Outperform In 2nd Quarter


For weeks I have been telling subscribers that I have been waiting for a bullish reversal on volume to enter the precious metals market. That time may have come on March 18th when I sent out a report to my premium subscribers that gold turned bullish as The Fed was much more cautious about raising interest rates than... Read more »

Silver Fortunes


The Spaniards of centuries past controlled the world’s elite maritime fleet. And this fleet’s colonization of the Americas is well-documented. The Spanish Crown would have told you their primary mission was to convert the indigenous people to Catholicism. But in reality it was trade and a craving for all things... Read more »

CEO Interview at Ucore Rare Metals - Company Making Giant Steps Forward


The following interview of Ucore Rare Metals’ (UCU.V) & (UURAF) Jim McKenzie, President, CEO & Chairman was conducted by phone & by email over the course of several days ending March 31st. The opinions and facts contained within this article/interview are entirely that... Read more »

Why I have been buying this gold penny stock


Via Penny Mining Stocks, I have been buying Midway Gold (MDW.T). *This is not investment advice. This article is my own thoughts and I could easily be wrong. Please do your own due diligence and talk with a licensed financial advisor before making any investment decision.... Read more »

CEO Interview Jason Reid of Gold Resource Corp.


The following interview of Gold Resource Corp.'s (GORO) CEO Jason Reid, CEO President & Director was conducted by phone and email on March 26-27. The company is unique in that it pays a monthly dividend in cash or in physical gold or sliver. The shares currently yield about 4% annually. The company has no debt and... Read more »

Support and Resistance Levels for Gold, Silver and Miners


The precious metals complex has established a floor of support over the past five months. For Gold it is around $1150/oz and for Silver it is around $15.50/oz. Pick any miner index and you’ll see the support at the November and December lows. These lows could mark a base of support from which a new bull market takes... Read more »

Gold to Fuel Silver Upleg


Silver reversed sharply higher over the past week or so, surging dramatically. This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg. As usual, silver’s coming gains will be fueled by gold’s own advance. As the yellow... Read more »

Junior Gold Miner Breaking Out Into New 52 Week Highs On Exploration Success


One junior gold miner that I have been very bullish on for many months is outperforming the GDXJ benchmark by a wide margin. Integra Gold (ICG.V or ICGQF) is up over 60% in 2015 alone outperforming the GDXJ by 50 percentage points. This is incredible relative strength and confirms my prediction that this is one of the... Read more »

Graceland Updates: "Gold: The Tortoise Beats The Hare"


1. On March 20, 2015, global gold price discovery changed. Transparency was introduced to the London gold market, as the new “LBMA Gold Price” was launched. 2. In my professional opinion, the changes in London are ushering in an entire new era of gold price stability, consistency, and transparency, and that will... Read more »

Evrim Resources PDAC Interview, a Mexican Prospect Generator


The mining exploration business is very risky, with about 3 out of a 1000 good looking prospects becoming mines. That’s why some smart small exploration companies follow the “prospect generator” business model of generating ideas and finding more established partners to pay for the drilling. This shares the... Read more »

Exploration Titans Cook, Broughton Talk Kaizen's Discovery Trail (TSXV:KZD)


Billionaire mine developer Robert Friedland has said that real wealth in the mining sector is created by finding something. Friedland would know this, having driven 5+ world-class mining discoveries in his career. He knows that to find a mine you have to spend a lot of money, and drill a lot of holes. Another... Read more »

Timely Interview of CEO of Comstock Mining (LODE)


The following interview of CEO Corrado De Gasperis of Comstock Mining (LODE) was conducted by phone and email over the week ending March 16th. The views and opinions expressed by Mr. De Gasperis are entirely his own. I, Peter Epstein have no prior or existing relationship with any company named herein. Please... Read more »

Randy Reichert says with M&A activity, companies looking for turn-key operations


Coming into 2015 and the first month of this year, the resource industry was abuzz with fresh hopes that the price environment was now changing for the better. Two big acquisitions also laid renewed hopes in resurgence in M&A activity. Those headline-capturing acquisitions were Goldcorp Inc.’s (NYSE:GG)... Read more »

Gold Rush season ends, Klondike Gold Corp’s begins - Brent Cook from PDAC


Tonight is the season finale of the popular Discovery Channel program Gold Rush, and viewers are set to find out how much gold the Hoffman family dug up this season. Klondike Gold Corp (KG.TSXV), a fledging junior miner I own stock in and have worked with, will receive... Read more »

Gold and Silver - Decline Continues


Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are keeping the stop-loss levels at their current levels, which means that we are effectively keeping some gains locked in and at the same time we’re allowing the profits... Read more »

Gold now Waiting on US$


Gold had held up well in recent months considering the upside explosion in the US$ index. That is because Gold surged nearly 21% against foreign currencies in three months. Yet, this is not enough to carry Gold. Its rebound petered out (in nominal and real terms) after the Swiss news and has growing downside momentum... Read more »

Major Stock Selloff Looms 3


The latest record highs in the US stock markets have unleashed astounding complacency. Traders are utterly convinced that the past couple years’ massive Fed-fueled rally will continue indefinitely. But with today’s lofty stock markets extremely overvalued, wildly overextended, and rampantly euphoric, a serious selloff... Read more »

Pretivm Resources CEO looks to China to develop one of Canada’s richest gold mines


Pretivm Resources Inc. (PVG.TO) – Bob Quartermain Interview Of undeveloped gold projects globally, few have the grade, size and potential of Pretium Resources’ Brucejack gold project, and specifically, the Valley of the Kings area, near Stewart, British Columbia, which contains 6.9 million ounces of gold at 15.7... Read more »

Graceland Updates: Gold: Seasonals & The Jobs Report


1. From a seasonal perspective, gold tends to be a bit weak from late February until the end of the first or second week in March. I see nothing out of the ordinary with gold’s current price action. 2. Please click... Read more »

Are Gold Miners Leading Gold?


The miners will typically lead Gold at major turning points. We say typically because the trend in the relationship is hardly exact or precise. There can be times when the miners are simply showing their beta (not leading) and there can be times when the miners are leading but their leadership suddenly halts or reverses.... Read more »

Galane Gold CEO Nick Brodie Explains his Compelling Risk/Reward Opportunity


The following interview of Galane Gold's CEO Nick Brodie took place by phone and email on February 24-25. The opinions expressed are entirely those of Mr. Brodie. I own shares of Galane Gold. Please see applicable discloses at the bottom of this article. Can you provide readers with an overview of Galane... Read more »

Graceland Updates: Gold Stock Leaders: Barrick & Newmont


1. The gold market is very firm, given that most Indian players are in “wait and see” mode. Demand in India has slowed tremendously in recent weeks, in anticipation of the February 28 budget release. 2. Please click here now.... Read more »

American Sands Makes Progress in Permitting and Hires Investment Bank


On February 10th, American Sands Energy Corp. [AMSE] provided an excellent corporate update regarding the engagement of Stifel, Nicolaus & Company as its exclusive investment banker and financial advisor. CEO, William Gibbs commented, “We are excited to be working with Stifel. AMSE is approaching a pivotal... Read more »

Gold and Gold Stocks Near Term Prognosis


Precious Metals have had an interesting week. Both Silver and the gold stocks rebounded off their 50-day moving averages only to do a 180 the following day. Meanwhile Gold has given back most of its January gains. In this missive we consider the near term outlook for Gold and the gold stocks. In the chart below we... Read more »

Final permits loom at one of the world’s richest gold projects


Via, The mining industry is continually depleting its inventory, which is why it has always been an M&A led business. Junior companies find and develop new deposits and then mid-tiers and majors take them out. This has been the way of the miners... Read more »

A Few Positive Fundamental Developments for Gold Miners


For the most part positive fundamentals (for gold mining companies) refers to rising Gold prices. However, this neglects the things under the surface which can affect margins as much as headline prices and in some cases more. In the chart below we plot Gold priced in Canadian Dollars, Gold against Oil and Gold against... Read more »

Falco Resources Announces Aggressive Drilling Targeting 5 Million ozs Gold


Note, the opinions contained in this article are entirely my own. I am not an insider of Falco Resources, nor am I in possession of any non-public information. The information contained herein was obtained by reading company press releases, the February, 2015 corporate presentation and an informative video... Read more »

Galane Gold, Trading Near Cash Value, To Produce Up To 50k Oz This Year


Galane Gold Ltd. (GG.v) (GGGOF) is an unhedged gold producer and explorer with mining operations and exploration tenements in the Republic of Botswana. The company is committed to operating at world-class standards and is focused on the safety of its employees, respecting... Read more »

What smart investors do in Toronto the day before PDAC


For those of you attending this year’s PDAC in Toronto, the world’s largest mining convention, this is your invitation to our CEO Summit on Saturday Feb. 28th at the Hilton Hotel – that’s the day before the PDAC begins. Click here for event details and here... Read more »

Pershing Gold Reports Nothing Short of Game Changing Drill Results


The following interview of Pershing Gold's (PGLC) CEO Steve Alfers was conducted by phone and email from February 2-4. I, Peter Epstein have no prior or existing relationship with Pershing Gold. Q. Please expand upon the significance of Pershing's February 4th press... Read more »

Young guns Wallace and Bebek have their next mining deal


Big news out of the junior mining sector today as Auryn Resources (AUG:TSXV) and North Country Gold (NCG:TSXV) have reached a joint venture agreement on the Committee Bay project in Nunavut, Canada. The market likes the deal... Read more »

Skeena Resources Hoping to Find 1 Million Oz Of Gold


Skeena Resources (SKE.V) (SKREF) is one of a number junior gold companies in Canada, but one with a secret weapon. Its Chairman, Ron Netolitzky, happens to be one of the foremost geologists in the world, especially so in the Golden Triangle of northwest British... Read more »

Stan Bharti Prevails as Aberdeen International Inc. (AAB.TO) Proxy Battle Ends


Those who’ve been following the events of the past two months know that Meson Capital LLC, as represented by Ryan Morris, and UK-based Nightscape Capital LLP have been vying to unseat Aberdeen’s current board with their own replacements. Meson and Nightscape’s efforts had forced Aberdeen to call a special shareholders... Read more »

Yukon Gold - Second Major Gold Rush


It was in 1896 when prospectors stumbled across large quantities of gold in one of the tributaries of the Yukon’s Klondike River. Word of this discovery spread like wildfire. And in no time at all prospectors from far and wide set course to get a piece of the action. The aptly named Klondike Gold Rush ended up being... Read more »

Gold Maintains Strength while Large Miners Reach Resistance


Article originally published on January 23rd, 2015. In recent days and weeks we noted key levels for Gold at $1250 as well as $1270-$1280. Over the past two weeks Gold easily cleared $1250 and continued to $1300. Today it is trading around $1290 and will close above its 80-week moving average for... Read more »

The new CEO of Klondike Gold Corp. So far, he’s doing all the right things.


As a young man, Peter Tallman fell in love . . . with rocks. It happened with the help of an unwitting 80 year old mentor named Harold, who was given the job of teaching young Peter how to build a stone fireplace. After struggling unsuccessfully to break the first boulder for the job (an effort that included blood and... Read more »

Interview with Dean Linden, Falco Resources' SVP of Business Development


The following interview was conducted on January 15-16 by phone and by email. Falco Resources' SVP of Business Development, Dean Linden was very accommodating making time for me in his busy schedule. Please describe Falco Resources to readers unfamiliar to the story. - Falco Resources (FPC.V) / (FPRGF)... Read more »

Back to the future to find the source of the Klondike Gold Rush


My friend Peter Tallman is president CEO of Klondike Gold Corp (TSXV:KG), a company that today holds the key claims in the heart of the 1898 Klondike Gold Rush region near Dawson City, Yukon, where some 20 million ounces of placer gold was recovered at surface, with the... Read more »

Interview with CEO of Terraco Gold Corp.


The following article of the CEO of Terraco Gold's Todd Hilditch was conducted by phone and email on January 8-9. Please describe Terraco Gold to investors who don't know your story. Terraco Gold (TCEGF) is a gold focused company with... Read more »

Graceland Updates: Dow Burns & Gold Stocks Rock


1. In late 2013, I predicted the Fed would taper its QE program to zero, and the first taper would cause gold to rally, stunning the Western gold community. I also predicted the taper would turn the US stock market into a “wet noodle”. That’s what happened. 2. In 2015, I expect the Fed to hike rates sooner... Read more »

Graceland Updates: Oil: Lubrication For Gold Stocks Rally


1. Gold is ending the year on a solid note. The bears promised that 2014 would be a horrible year for gold. Many bank economists predicted “double digit declines”. 2. None of their shrill predictions have come to pass. That’s because the gold bears overestimated supply from the West, and demand from China and... Read more »

New African Gold Miner


The 2000s gold bull has brought a lot of attention to West Africa. This attention has not always translated to success given the unstable geopolitical environment in this part of the world. But the diligent miners able to endure and overcome the challenges have been rewarded with some major discoveries that have been... Read more »

Miners Extremely Oversold as Tax Loss Selling Ends


Another December and gold stocks have reached another extreme oversold condition. This was the case precisely 365 days ago and the precious metals complex, led by the miners rebounded strongly for nearly three months. A year later and the gold stocks are even more oversold. They’ve been in a bear market for more than... Read more »

Graceland Updates: Gold Stocks: Rational & Profitable In 2015


1. As the end of the year approaches, gold is swooning a bit. Please click here now. 2. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price... Read more »

Bullish Reversal in Miners but Metals Remain in Question


The gold and silver stocks have put in a bullish weekly reversal but Gold and Silver have not confirmed it. The interplay between the metals and the shares has been complicated in recent weeks. Hopefully this missive will make some sense of it as the two groups are sending mixed signals. Gold and Silver are charted... Read more »

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 » Tommy Humphreys - Resource Opportunities


Founder of, 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, 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 »



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 ... 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 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 the... 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, 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 order,... 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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