Dr. Jeffrey Kern: “Gold Stocks Will Break Dec 2016 Low”

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    Dr. Jeffrey M. Kern has been an academic clinical psychologist at Texas A&M University and the University of Nevada – Las Vegas since 1979, specializing in the measurement and prediction of human behavior.   Born in New York City, Dr. Kern’s family suffered severe financial losses during the stock market decline of the mid-1970s and […]

Gold price drops most since December 2016

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Volatility has not only returned to equity markets. Gold on Tuesday suffered its worst trading day since December 2016 according to MarketWatch. A week ago the price of gold gained the most since financial markets were shocked by Britain voting to leave the European Union in June 2016. The most active gold futures contract on […]

Stock market volatility is already on the rise

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The end is near The doomsayers have been calling for recession for years. Mainstream economists laughed at them, painting a rosy picture. However, the recent plunge in the stock market strengthened the pessimists’ hand. They interpret the dive as a signal of a coming recession. Is the end of the stock market boom really near? […]

Tanzania's new mining rules impose restrictions on foreign banks, insurers

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DAR ES SALAAM, Feb 20 (Reuters) – Foreign-owned banks, insurance companies and law firms could be locked out of Tanzania’s mining sector as part of tough new regulations that aim to limit foreign ownership of mining-related activity. Africa’s fourth-largest gold producer is seeking to take more of the profits from its vast mineral resources by […]

Randgold looks to the Americas in quest to diversify

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LONDON (Reuters) – African miner Randgold Resources (RRS.L) is looking to make its first acquisition outside its home continent in North and South America to diversify its portfolio of assets, its chief executive Mark Bristow told Reuters. The London-listed miner has invested throughout the commodity price downturn, generated cash and steadily increased dividends while rivals […]

Update: Southern Copper wins auction for massive Peru copper project

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An auction for the $2 billion Michiquillay copper project in Peru attracted 10 interested companies Peru’s government investment agency Proinversión said on Tuesday with Southern Copper Corp declared the winner. Reuters reports Southern Copper Corp won the tender with a proposal to transfer $400 million to the government and pay 3% royalties. According to Proinversión, the […]

5 Things Investors Should Know About China this New Year

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Last Friday marked the first day of the Chinese Lunar New Year, also known as the Spring Festival, China’s most important holiday. The fire rooster struts off-stage, clearing the way for the loyal earth dog. According to CLSA’s tongue-in-cheek Feng Shui Index, health care, consumer and paper products are favored to outperform early this year, […]

Barrick exec. to chair Global Mining Standards and Guidelines Group

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Barrick Gold’s Chief Innovation Officer, Michelle Ash, has been appointed as the new chair of the Global Mining Standards and Guidelines Group (GMSG), an industry body that seeks to improve communication, facilitate collaboration and foster a more sustainable and efficient future of mining. Ash, who for the past two years served on the GMSG Leadership Council, will assume […]

New Low In Gold Stocks Is A Strong Buy Signal

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By Jordan Roy-Byrne – February 20, 2018 Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the… Source: gold-eagle.com

New Low in Gold Stocks is a Strong Buy Signal

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    Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal […]

Undersea mining's bizarre origins – a CIA cold war plot

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While the United Nations’ International Seabed Authority (ISA) in charge of issuing mineral exploration licences has granted 26 so far, Papua New Guinea remains the only country to have granted an operating permit for ocean floor mining. Canada’s Nautilus is on track to start operations at its Solwara gold, copper and silver project in the […]

Mining M&A jumps to 4-year high – expect more in 2018

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The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, boosted by a jump in money raised on stock exchanges to a six-year high. Mining and metals deals totalled $51 billion last year, up 15% from 2016. Activity was dominated by coal and steel transactions. However, […]

GLD May Not Yet Be Ready To Break Out

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By Avi Gilburt – February 19, 2018 For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I believe that GDX can outperform the general… Source: gold-eagle.com

New shaft will extend EU's largest gold mine to 2035

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The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput. Reporting its fourth-quarter and full-year results last Thursday, Agnico Eagle Mines (TSX,NYSE:AEM) said it will invest 160 million euros on expanding its Kittilä gold mine in Lapland, northern Finland, including the […]

2017 gold deposits boasting the highest-grade drill intersections

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Story developed using data from Mining Intelligence. Learn more and schedule a demo. Drill results are important indicators not only for mining and exploration companies, but nearly all stakeholders involved, including existing shareholders and potential investors. While high-grade drill intersects are generally exciting and promising news, a conservative and very rigorous approach is recommended when a non-technical […]

TheDailyGold Premium Update #557

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TheDailyGold Premium #557 was published and emailed to subscribers late Saturday evening. The 25-page update included our near-term posture on the sector, a lengthy Q&A section (in which we answer subscriber questions) and an updated report on one of our favorite companies. We think this company could be a 4-5 bagger in the next 18-24 […]

Still Waiting On Silver

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By Gary Tanashian – February 18, 2018 Well, we are on the same old theme with respect to the precious metals; silver remains in a favorable Commitments of Traders (CoT) stance in its own right and also as compared to gold. As yet this has not manifested in silver leadership or a… Source: gold-eagle.com

U.S. dollar bull and bear markets

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The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle […]