International Metal Writers Conference – Video Of Conference

Cambridge House has provided us with a audio of the complete recent conference. This is a great opportunity for you to see and listen to the experts in action. I attended and participated in the show and got to visit with many including Frank Holmes, Rick Rule, David Morgan, Nick Hodge, Mickey Fulp and many others….. Enjoy, International Metal Writers Conference – Video Of Conference … Continue reading

Investors keep flocking to gold, push metal to three-month high

February 9, 2017 Cecilia Jamasmie (Image: Shutterstock.) Gold prices climbed Wednesday for a fifth-straight session as geopolitical uncertainty ahead of European elections pushed the metal to its highest price in about three months. Holdings in the SPDR Gold Shares ETF rose 8.3 tonnes to 827 tonnes as of Tuesday, the highest since Dec. 20.Bullion was last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day. This means that, so far this year, the precious metal has gained more than 8%. In contrast, the ICE U.S. Dollar Index has lost about 1.9% even though it traded slightly higher on Wednesday. Meanwhile, holdings in the SPDR Gold Shares ETF rose 8.3 tonnes to 827 tonnes as of Tuesday, the highest since Dec. 20, according to data compiled by Bloomberg. Investors remain worried about the potential implications of a French presidential election that remains too close to call. Far-right candidate Marine Le Pen is gaining momentum by vowing to take France out of the euro zone and hold a referendum on European Union membership if she wins. At the same time, US President Donald Trump’s political agenda and his team’s comments on the undervaluation of certain currencies keep rocking markets. … Continue reading

Q&A: Legendary executive Rob McEwen talks about gold mining in golden times

DERRICK PENNER More from Derrick Penner Published on: August 4, 2016 | Last Updated: Rob McEwen, self-described chief owner of McEwen Mining Inc. VANCOUVER SUN Legendary mining executive Rob McEwen knows a thing or two about gold-mining companies, having built Goldcorp Inc. into a powerhouse producer before stepping down as chairman and CEO in 2005. Now, he’s working on building up his next venture, McEwen Mining Inc., with mines in Mexico and Argentina just as gold has hit a rebound. The Vancouver Sun caught up with him at the recent Sprott Natural Resources Symposium to talk about his views on where the rally is going: Q: With your firm, you take the title chief owner. Why is it important for you to spell that out? A: I think it’s very important that people running companies have skin in the game, they have something at risk. They don’t just get a big salary with lots of options and have no investment in the company. It makes you focus on what’s the most important thing a company should be doing, that is building the value for every other share owner of that company. Q: The price of gold is up 25 per cent from its trough, the S&P/TSX Gold Index has bounced back more than 100 per cent, many people have read a lot about the uncertainties out there that are driving this. What’s your view on what got us here? A: There are a number of factors. One, the expansion of money supply by countries … Continue reading

Add Some Stock Warrants To Your Portfolio

March 17, 2016 By Dudley Pierce Baker Editor and Founder Folks, the resource sector is preparing to blast off, again. You will want to be on board as there will be many companies and stock warrants having spectacular gains of 500% to 1000% and more. Don’t forget that you do not want a portfolio loaded down to nothing but stock warrants. I would suggest having a maximum of 5% to 10% of the value of one’s portfolio in stock warrants, possibility slightly more if you are extremely bullish as am I. These stock warrants will be on companies which you like and which have great assets and management and at least 2 years of remaining life before expiring. There are enough interesting stock warrants trading and in our databases which should have you drooling to get started, but  don’t wait too long as I believe we are heading to $1400 gold very soon. If you have received a coupon code from me in the last few months this would be the time to use it. Alternatively, you can use the coupon code of gold and receive 50% off of either my Silver or Gold Subscription, monthly or annual. If you are interested in my Lifetime Subscription, please contact me at and put Lifetime Subscription in the subject line. Look forward to having you join me soon, Dudley Pierce Baker  … Continue reading

MAG Silver Files Preliminary Base Shelf Prospectus

December 23, 2015MAG Silver Files Preliminary Base Shelf Prospectus VANCOUVER, British Columbia MAG Silver Corp. (TSX: MAG; NYSE MKT: MVG) (“MAG” or the “Company”), today announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. The base shelf prospectus will allow MAG to offer up to US$75,000,000 of common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus. A corresponding shelf registration statement on Form F-10 will be filed with the U.S. Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the U.S./Canada Multijurisdictional Disclosure System at the time of filing of the final short form base shelf prospectus. No securities may be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A copy of the preliminary short form base shelf prospectus can be found on SEDAR at About MAG Silver Corp. ( MAG Silver Corp. (TSX: MAG: NYSE MKT: … Continue reading

European Investor Olivier Tielens: In a Sideways Gold Market, Explorers Offer the Most Upside

The Gold Report: After flirting with $1,300 per ounce ($1,300/oz) in January, gold has fallen to around $1,200/oz. What happened? Olivier Tielens: Deflationary forces are still leading the game. There’s a 50% chance that we may go to a new low, very probably the final bottom, and a 50% chance gold will trade throughout 2015 in a tight range. TGR: A few years ago, gold rose tremendously after the U.S. Federal Reserve began quantitative easing (QE). Since then, further rounds of QE from the Fed and, more recently, massive QE from Japan and the European Union have not buoyed the price of gold. Why not? OT: QE is not working. Europe is in a depression. The velocity of money continues to decrease and is now lower than for decades. People are hoarding cash, and that’s deflationary. Zero and even negative interest rates continue, and that could help gold because even though gold doesn’t pay interest, at least bullion owners aren’t losing money by holding it. Inflation will arrive after confidence in the central banks fades. Investors will then want out of the U.S. dollar and into gold. When will that happen? Nobody knows, but it always comes like a thief in the night. Or we could have another black swan event, but this is less likely than in 2008 because the powers that be have learned from that, and there is now so much liquidity in the system. TGR: QE and zero interest rates are not helping gold, but they … Continue reading

Where is the Smart Money Going in Mining? Lawrence Roulston's Answer May Surprise You

The Mining Report: When we last spoke in June 2014, you said that gold at $1,250 per ounce ($1,250/oz) was a reasonable baseline price going forward. Do you still believe that? Lawrence Roulston: Yes. Actually, the fact that gold has remained at this level while the U.S. dollar has become so strong is very significant. My preference is to pay less attention to the gold price per se and more attention to specific gold and silver companies that are good investments in their own right. This means companies with smart management teams that are expanding resources, advancing projects toward production, increasing production or doing other things that add value. As the gold price eventually moves higher, such companies will realize bonuses on top of what should already be an attractive return. “Asanko Gold Inc. is on the list of likely M&As in 2015.“ TMR: In the last two years, two independent phenomena have occurred simultaneously: companies have greatly reduced costs, and, as you mentioned, pretty much all currencies have lost value against the U.S. dollar. Taken together, how much has this improved the condition of miners outside the U.S.? LR: In particular, Canadian and Australian miners have benefitted greatly: a 20% boost on the revenue line, which has led to an even larger boost of operating margins. As a result, many companies that were struggling two years ago are now much healthier. TMR: We hear often that it is difficult to impossible for mining companies to raise financing in the … Continue reading

The Resource Maven Tells Investors How to Take Advantage of a Rising Happiness Index

The Gold Report: You have doubled down on your declaration that “Nov. 5 was the bottom for gold and gold equities.” What makes you so certain? Gwen Preston: The primary reason is fundamental: supply and demand. Demand for gold remains strong despite headlines about exchange-traded funds liquidating their holdings. Physical buyers are buying a lot of gold. These include the central banks of China and Russia, countries pushing for an alternative to the U.S. dollar for international trade, and individual buyers in India and China, people who have long believed in gold as a store of value. The latter buy when it’s cheap, which has resulted in $1,200 per ounce ($1,200/oz) becoming a real bottom for gold. Every time the price falls toward $1,200/oz, the Shanghai premium—the extra amount that buyers in China are willing to pay at that moment to get their hands on an ounce of gold—spikes. “Pilot Gold Inc. has been able to keep its treasury pretty full.“ Meanwhile, gold supply is starting to shrink. Producers let costs climb out of control during gold’s bull market. When the bear market came, they then had to cut costs. New mines and mine expansions were deferred or canceled and output from higher-cost operations was cut back. We have reached peak gold—we will never again produce as much gold as we’re producing now. TGR: What are the other reasons in support of your argument? GP: The second reason is that, even after expenditures were reined in, the all-in sustaining cost … Continue reading

Jeb Handwerger: A Surge in M&As Proves that Gold Is Back

The Mining Report: You’re fond of the saying, “As January goes, so goes the year.” Given how gold performed last month, up 8%, what does this tell you about the rest of 2015? Jeb Handwerger: Going back over the last 100 years, the statistics are on the side of the sector that outperforms in January. And this January, precious metals and junior miners have taken off, breaking out against all major currencies. Gold bullion outperformed all other currencies, and it’s also beginning to break out against the U.S. dollar. The gold price broke above the 200-day moving average versus the greenback, which many observers see as an indicator of the medium- to long-term trend. Since then it has pulled back to the 50-day moving average, which should act as support as it is begins to slope higher. “Integra Gold Corp.’s Lamaque is one of the highest-quality assets in Quebec controlled by a junior miner.“ We’re seeing a big increase in mergers and acquisitions (M&As). In November, Osisko Gold Royalties Ltd. (OR:TSX) bought Virginia Mines Inc. (VGQ:TSX). In December, Coeur Mining Inc. (CDE:NYSE) bought Paramount Gold and Silver Corp. (PZG:TSX; PZG:NYSE.MKT). In January, Goldcorp Inc. (G:TSX; GG:NYSE) bought Probe Mines Ltd. (PRB:TSX.V) for $440 million ($440M). And in uranium, Uranerz Energy Corp. (URZ:TSX; URZ:NYSE.MKT) and Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.MKT; EFRFF:OTCQX) merged. All this tells me there’s been a sentiment change. Probe and Paramount were mentioned in last year’s interview as takeout candidates. TMR: Gold ended the month over $1,275 per … Continue reading

Global Insecurity Is Good for Gold, Says Mike Niehuser

The Gold Report: Gold and silver have both demonstrated explosive growth in 2015. Why has this happened, and will it continue? Mike Niehuser: Well, I am not sure that I would categorize a higher gold price in the first part of 2015 as “explosive.” Since the beginning of 2015, gold appears to be trading within a band of $1,200 to $1,300 an ounce ($1,200–1,300/oz). While this is not “explosive” from a broader perspective, it is certainly a relief compared to declines in 2013, so let’s just say gold has done well so far in 2015. Despite declines over the last couple of years, gold is still well above its lows prior to Sept. 11, 2001. It has held up in spite of concerns for deflation resulting from a global economic slowdown. This has not been helped by loose monetary policies. “Alexco Resource Corp.’s environmental business continues to grow and cover overhead while the company unlocks the exploration upside at Keno Hill.“ I think the strength is in part due to what Sen. John McCain characterized as being in “an unprecedented period of global turmoil.” Russia has reclaimed the Crimea and is in the process of annexing eastern Ukraine. The same could be said for insurgents in Iraq and eastern Syria. Concerns over the repayment of Greek debt, nuclear issues in Iran and an unsettled path for a maturing China should keep things interesting for gold. Also, it is not clear how the recent collapse in oil prices will impact the … Continue reading

Avoid Dodos and Find Gold and Silver Miners that Can Soar, Says Raymond James' Chris Thompson

The Gold Report: A recent Raymond James research report refers to silver as the “devil’s metal.” What is the story there? Chris Thompson: Silver is much more volatile than gold. Typically when we see a weak day for the gold price, silver has a terrible day. Likewise, if we see a strong day for gold, typically silver delivers exceptional performance. Because it’s so volatile, we term it the devil’s metal. TGR: If the selloff in precious metal equities is over and this is the bottom, how long do you expect the flat-lining to persist? CT: At Raymond James, in the near term we see gold trading rangebound between $1,200 per ounce ($1,200/oz) and $1,300/oz and silver trading rangebound between $16.50/oz and $18.50/oz. We are not seeing fundamentals that would prompt a price outside of those respective ranges. We expect current price strength to continue to the end of Q1/15, followed by some weakness into the summer and then more strength toward the end of the year. TGR: In a recent research report you warned investors about 2015 possibly being the “Year of the Dodo” for certain precious metal producers. Please explain. CT: Over the last three years or so, the silver price has dropped to a level that calls into question the economics of a lot of the primary silver-producing companies that I follow. It’s now about survival. We all know that the dodo could not fly. What I’m looking for—regardless of metal prices—are companies that can continue to deliver … Continue reading

Hedge Against Short-Term Cycles with Lithium: Daniela Desormeaux

The Mining Report: Economic growth rates have diverged this year. They’re increasing in the U.S. and slowing down in China and India. They’re stagnating in Europe, and Russia is going into recession. How is all that affecting the lithium space? Daniela Desormeaux: The lithium industry is growing quickly. It is different from commodities like copper or iron ore in that there is not a direct link between lithium and the economic cycle. Last year, most commodity prices were down, and the most important drop was in iron ore. The lithium industry, on the other hand, grew 5–6% last year. “Galaxy Resources Ltd. has sold its Jiangsu lithium plant for $230M to focus on its Argentina and Australia projects.“ This difference between lithium and other commodities exists because there is still room for new lithium applications. The lithium industry’s growth is higher than the growth rate of the global economy. Of course, if China grows slower than expected, it will affect the consumption of lithium, but this impact should be marginal compared with the impact that China has on the other commodities. There are many lithium applications that are in the early stages of development. So despite this divergent scenario, the lithium industry will grow at a very interesting rate. TMR: The economic difficulties of some countries are not affecting lithium demand that much? DD: I would say that they affect it, but with some lithium applications still in development, demand is going to grow. One of the main applications is … Continue reading

The Companies Bob Moriarty Loves for the Long Term

The Gold Report: The Swiss National Bank surprised the world by unpegging the franc from the euro. You wrote that you suspect this will be identified as the beginning of the end and that when the derivatives market blows up, it will take down billions of dollars in hedge funds. Is this the beginning of the end of derivatives and hedge funds or the beginning of the end of something bigger? Bob Moriarty: The beginning of the end of something bigger. With the Swiss franc tied to the euro, as the dollar went up, the euro went down. This required Switzerland to buy more euros to protect its currency. Switzerland ended up owning nearly as many euros as the country’s annual GDP. The Swiss National Bank got out before the European Central Bank (ECB) could increase its quantitative easing (QE). The real key is the size of the movement. The best record that I’ve seen indicates a 38% move in the Swiss franc against the euro in 12 minutes. A move that big has never happened before in history. TGR: Was the size of the movement driven by a kneejerk reaction to the surprise announcement? Later on, it settled out to something lower. BM: The Bank for International Settlements showed $3.954 trillion ($3.954T) in Swiss derivatives. Somebody was long $4T and somebody was short $4T. As soon as the announcement was made, computer trading kicked in and blew out all of the positions that were short the Swiss franc. Essentially, … Continue reading