Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Auguries—Brave New World
February 9, 2012
By Kevin Michael Grace
Gold was down (at press time) $30.70 (-1.7%) for the week to $1,731.30, and silver was down
.38 (-1.1%) to $33.92. Reuters attributed gold’s decline to (surprise!) “the Euro g[iving] up early gains, with optimism over a pending bailout deal for Greece petering out.” Citigroup analyst David Wilson warned, “Strangely, if Greece doesn’t agree to austerity in the next couple of days, it might be negative for gold in terms of dollar/euro.” Strange, indeed.
Others claimed that gold fell because the US unemployment rate fell from 8.5% to 8.3%. Pat McHugh of Manulife Financial told Bloomberg, “The number was a huge improvement over expectations… The strength in the [US] economy implies that the probability of more Fed easing or another quantitative package is being diminished, and gold’s going to take it on the chin. The flight-to-safety movement doesn’t appear to be as important as a result of the stats we’ve seen today.”
Read the rest of this article. http://resourceclips.com/2012/02/09/auguriesbrave-new-world/
Auguries—Brave New World
February 9, 2012
By Kevin Michael Grace
Gold was down (at press time) $30.70 (-1.7%) for the week to $1,731.30, and silver was down
.38 (-1.1%) to $33.92. Reuters attributed gold’s decline to (surprise!) “the Euro g[iving] up early gains, with optimism over a pending bailout deal for Greece petering out.” Citigroup analyst David Wilson warned, “Strangely, if Greece doesn’t agree to austerity in the next couple of days, it might be negative for gold in terms of dollar/euro.” Strange, indeed.
Others claimed that gold fell because the US unemployment rate fell from 8.5% to 8.3%. Pat McHugh of Manulife Financial told Bloomberg, “The number was a huge improvement over expectations… The strength in the [US] economy implies that the probability of more Fed easing or another quantitative package is being diminished, and gold’s going to take it on the chin. The flight-to-safety movement doesn’t appear to be as important as a result of the stats we’ve seen today.”
Read the rest of this article. http://resourceclips.com/2012/02/09/auguriesbrave-new-world/
Auguries—Brave New World
February 9, 2012
By Kevin Michael Grace
Gold was down (at press time) $30.70 (-1.7%) for the week to $1,731.30, and silver was down
.38 (-1.1%) to $33.92. Reuters attributed gold’s decline to (surprise!) “the Euro g[iving] up early gains, with optimism over a pending bailout deal for Greece petering out.” Citigroup analyst David Wilson warned, “Strangely, if Greece doesn’t agree to austerity in the next couple of days, it might be negative for gold in terms of dollar/euro.” Strange, indeed.
Others claimed that gold fell because the US unemployment rate fell from 8.5% to 8.3%. Pat McHugh of Manulife Financial told Bloomberg, “The number was a huge improvement over expectations… The strength in the [US] economy implies that the probability of more Fed easing or another quantitative package is being diminished, and gold’s going to take it on the chin. The flight-to-safety movement doesn’t appear to be as important as a result of the stats we’ve seen today.”
Read the rest of this article. http://resourceclips.com/2012/02/09/auguriesbrave-new-world/
Auguries—Brave New World
February 9, 2012
By Kevin Michael Grace
Gold was down (at press time) $30.70 (-1.7%) for the week to $1,731.30, and silver was down
.38 (-1.1%) to $33.92. Reuters attributed gold’s decline to (surprise!) “the Euro g[iving] up early gains, with optimism over a pending bailout deal for Greece petering out.” Citigroup analyst David Wilson warned, “Strangely, if Greece doesn’t agree to austerity in the next couple of days, it might be negative for gold in terms of dollar/euro.” Strange, indeed.
Others claimed that gold fell because the US unemployment rate fell from 8.5% to 8.3%. Pat McHugh of Manulife Financial told Bloomberg, “The number was a huge improvement over expectations… The strength in the [US] economy implies that the probability of more Fed easing or another quantitative package is being diminished, and gold’s going to take it on the chin. The flight-to-safety movement doesn’t appear to be as important as a result of the stats we’ve seen today.”
Read the rest of this article. http://resourceclips.com/2012/02/09/auguriesbrave-new-world/
The Proof’s In The Porphyry
Northern Freegold Drills Yukon Gold, Silver, Copper, Moly
By Greg Klein
Northern Freegold’s TSXV:NFR January 18 inferred resource estimate was, as President/CEO/Director John Burges says, another milestone in its rapidly advancing Freegold Mountain Project in central Yukon. The Revenue Deposit’s initial 43-101 came in addition to the adjacent Nucleus Deposit’s existing resource of 1.39 million gold-equivalent ounces indicated and 898,000 gold-equivalent ounces inferred.
The boost of 3.66 million gold-equivalent ounces prompted analysts Michael Fowler and Leonie Soltay of Loewen Ondaatje McCutcheon to rate Northern Freegold a speculative buy with a target of $1.44—a steep hike from its January 18 high of
.30.
Read the rest of this article. http://resourceclips.com/2012/02/13/the-proofs-in-the-porphyry/
The Proof’s In The Porphyry
Northern Freegold Drills Yukon Gold, Silver, Copper, Moly
By Greg Klein
Northern Freegold’s TSXV:NFR January 18 inferred resource estimate was, as President/CEO/Director John Burges says, another milestone in its rapidly advancing Freegold Mountain Project in central Yukon. The Revenue Deposit’s initial 43-101 came in addition to the adjacent Nucleus Deposit’s existing resource of 1.39 million gold-equivalent ounces indicated and 898,000 gold-equivalent ounces inferred.
The boost of 3.66 million gold-equivalent ounces prompted analysts Michael Fowler and Leonie Soltay of Loewen Ondaatje McCutcheon to rate Northern Freegold a speculative buy with a target of $1.44—a steep hike from its January 18 high of
.30.
Read the rest of this article. http://resourceclips.com/2012/02/13/the-proofs-in-the-porphyry/
The Proof’s In The Porphyry
Northern Freegold Drills Yukon Gold, Silver, Copper, Moly
By Greg Klein
Northern Freegold’s TSXV:NFR January 18 inferred resource estimate was, as President/CEO/Director John Burges says, another milestone in its rapidly advancing Freegold Mountain Project in central Yukon. The Revenue Deposit’s initial 43-101 came in addition to the adjacent Nucleus Deposit’s existing resource of 1.39 million gold-equivalent ounces indicated and 898,000 gold-equivalent ounces inferred.
The boost of 3.66 million gold-equivalent ounces prompted analysts Michael Fowler and Leonie Soltay of Loewen Ondaatje McCutcheon to rate Northern Freegold a speculative buy with a target of $1.44—a steep hike from its January 18 high of
.30.
Read the rest of this article. http://resourceclips.com/2012/02/13/the-proofs-in-the-porphyry/
Cap-Ex Chairman Operations Brian Penney on Quebec iron assays
Cap-Ex Ventures Ltd TSXV:CEV announced assays from the Northwest zone of its Block 103 iron property in Quebec. Results include
30.6% iron over 148.4 metres
31% iron over 118.9 metres
31.5% iron over 91.4 metres
Chairman of Operations Brian Penney tells ResourceClips.com, “I’ve seen enough iron ore to know that there’s plenty there in Block 103. Block 103 is sandwiched between two of the bigger resources in the Schefferville area, belonging to New Millennium TSX:NML. It’s south of the KeMag deposit which is 3.5 billion tonnes, and north and slightly east of the LabMag deposit, which is 5.7 billion tonnes. New Millennium seems to think there’s a mineralization zone extending between KeMag and LabMag, and if so—and this is supported by our drill holes in the area as well—it will run right through Block 103.
Read the rest of this interview. http://resourceclips.com/2012/02/10/cap-ex-chairman-operations-brian-penney-on-quebec-iron-assays/
Canadian Orebodies CEO Gordon McKinnon on Nunavut iron-ore resource
Canadian Orebodies Inc TSXV:CO announced an initial resource estimate for its Haig Inlet Iron Ore Project on the Belcher Islands, Nunavut. The resource total shows 230 million tonnes grading 35.17% iron indicated and 289 million tonnes grading 35.47% inferred.
The resource total includes estimates for the Haig North and Haig South areas of the deposit. Haig North shows 230 million tonnes grading 35.17% iron indicated and 155 million tonnes grading 35.55% iron inferred. Haig South shows 134 million tonnes grading 35.37% iron inferred.
Read the rest of this article. http://www.resourceclips.com/2012/02/08/canadian-orebodies-ceo-gordon-mckinnon-on-nunavut-iron-ore-resource/
Risk Vs Reward
Miners Calibrate the Costs of Operating in Lawless Lands
By Greg Klein
The Democratic Republic of the Congo is famously rich in mineral deposits. It is also notorious for destitution, corruption, sectarian violence, child soldiers and atrocities. Last November, election violence forced African Metals TSXV:AFR to evacuate expatriate personnel constructing its Luisha South Copper-Cobalt Property in Katanga Province. The workers have since returned following the re-election of Joseph Kabila, although his record of expropriation can hardly be reassuring to miners. Luisha’s plant is slated for production early this year.
Last October, in South Kivu Province, on the DRC’s eastern border with Tanzania, Burundi and Rwanda, Banro Corp TSX:BAA opened the country’s first gold mine in 50 years. Banro plans to use cash flow from the Twangiza Mine to open a second operation within 18 months, the Namoya Gold Mine in Maniema Province, immediately east of South Kivu.
Read the rest of this article. http://resourceclips.com/2012/02/06/risk-vs-reward/
Risk Vs Reward
Miners Calibrate the Costs of Operating in Lawless Lands
By Greg Klein
The Democratic Republic of the Congo is famously rich in mineral deposits. It is also notorious for destitution, corruption, sectarian violence, child soldiers and atrocities. Last November, election violence forced African Metals TSXV:AFR to evacuate expatriate personnel constructing its Luisha South Copper-Cobalt Property in Katanga Province. The workers have since returned following the re-election of Joseph Kabila, although his record of expropriation can hardly be reassuring to miners. Luisha’s plant is slated for production early this year.
Last October, in South Kivu Province, on the DRC’s eastern border with Tanzania, Burundi and Rwanda, Banro Corp TSX:BAA opened the country’s first gold mine in 50 years. Banro plans to use cash flow from the Twangiza Mine to open a second operation within 18 months, the Namoya Gold Mine in Maniema Province, immediately east of South Kivu.
Read the rest of this article. http://resourceclips.com/2012/02/06/risk-vs-reward/
Risk Vs Reward
Miners Calibrate the Costs of Operating in Lawless Lands
By Greg Klein
The Democratic Republic of the Congo is famously rich in mineral deposits. It is also notorious for destitution, corruption, sectarian violence, child soldiers and atrocities. Last November, election violence forced African Metals TSXV:AFR to evacuate expatriate personnel constructing its Luisha South Copper-Cobalt Property in Katanga Province. The workers have since returned following the re-election of Joseph Kabila, although his record of expropriation can hardly be reassuring to miners. Luisha’s plant is slated for production early this year.
Last October, in South Kivu Province, on the DRC’s eastern border with Tanzania, Burundi and Rwanda, Banro Corp TSX:BAA opened the country’s first gold mine in 50 years. Banro plans to use cash flow from the Twangiza Mine to open a second operation within 18 months, the Namoya Gold Mine in Maniema Province, immediately east of South Kivu.
Read the rest of this article. http://resourceclips.com/2012/02/06/risk-vs-reward/
REE Dragon
Western Rare Earths Discoveries May Just Feed China
By Ted Niles
Between the increasing demand for rare earth elements (REEs) to supply global technological advance, and the 2010 reductions of export quotas by China, the non-Chinese world faces a global supply shortage. This situation presents opportunities but also challenges. The speakers at last week’s Technology Metals Summit 2012 in Toronto stressed two of those challenges in particular: the absence of a supply chain for REEs outside China and the considerable economic challenges to any company starting a rare earths mine given that absence.
China produces 97% of the world’s REEs. The obstacles facing a non-Chinese REE industry stem from the inordinate complexities of rare earths themselves. Gold, silver or copper are metals that require only a relatively simple process of refinement before they are sold into the market. But the process which any of the 17 chemical elements called rare earths must undergo before their end use in, say, one’s iPod, requires a degree of scientific and technological expertise unlikely to be found in any roomful of scientists and engineers. Unless, of course, that room is in China. This because since the Chinese began serious production of cheap rare earths in the late 1980s, the rest of the world has all but abandoned its interest in them as anything but an end user. This was conspicuously signalled by the 2002 closure of the largest US rare earths producer, Molycorp’s Mountain Pass REE mine.
Read the rest of this article. http://resourceclips.com/2012/02/07/ree-dragon/
REE Dragon
Western Rare Earths Discoveries May Just Feed China
By Ted Niles
Between the increasing demand for rare earth elements (REEs) to supply global technological advance, and the 2010 reductions of export quotas by China, the non-Chinese world faces a global supply shortage. This situation presents opportunities but also challenges. The speakers at last week’s Technology Metals Summit 2012 in Toronto stressed two of those challenges in particular: the absence of a supply chain for REEs outside China and the considerable economic challenges to any company starting a rare earths mine given that absence.
China produces 97% of the world’s REEs. The obstacles facing a non-Chinese REE industry stem from the inordinate complexities of rare earths themselves. Gold, silver or copper are metals that require only a relatively simple process of refinement before they are sold into the market. But the process which any of the 17 chemical elements called rare earths must undergo before their end use in, say, one’s iPod, requires a degree of scientific and technological expertise unlikely to be found in any roomful of scientists and engineers. Unless, of course, that room is in China. This because since the Chinese began serious production of cheap rare earths in the late 1980s, the rest of the world has all but abandoned its interest in them as anything but an end user. This was conspicuously signalled by the 2002 closure of the largest US rare earths producer, Molycorp’s Mountain Pass REE mine.
Read the rest of this article. http://resourceclips.com/2012/02/07/ree-dragon/
REE Dragon
Western Rare Earths Discoveries May Just Feed China
By Ted Niles
Between the increasing demand for rare earth elements (REEs) to supply global technological advance, and the 2010 reductions of export quotas by China, the non-Chinese world faces a global supply shortage. This situation presents opportunities but also challenges. The speakers at last week’s Technology Metals Summit 2012 in Toronto stressed two of those challenges in particular: the absence of a supply chain for REEs outside China and the considerable economic challenges to any company starting a rare earths mine given that absence.
China produces 97% of the world’s REEs. The obstacles facing a non-Chinese REE industry stem from the inordinate complexities of rare earths themselves. Gold, silver or copper are metals that require only a relatively simple process of refinement before they are sold into the market. But the process which any of the 17 chemical elements called rare earths must undergo before their end use in, say, one’s iPod, requires a degree of scientific and technological expertise unlikely to be found in any roomful of scientists and engineers. Unless, of course, that room is in China. This because since the Chinese began serious production of cheap rare earths in the late 1980s, the rest of the world has all but abandoned its interest in them as anything but an end user. This was conspicuously signalled by the 2002 closure of the largest US rare earths producer, Molycorp’s Mountain Pass REE mine.
Read the rest of this article. http://resourceclips.com/2012/02/07/ree-dragon/
Auguries — Flowers In The Dustbin
February 2, 2012
By Kevin Michael Grace
Gold was up (at press time) $37.20 (+2.2%) for the week to $1,762, and silver was up
.85 (+2.5%) to $34.30. At the Globe and Mail, David Rosenberg comments, “Gold has begun behaving less as a commodity and more like a currency. Its attractions are obvious: No central bank can print gold, and it is no country’s liability. In contrast, holding paper money is looking less and less attractive.”
Reuters, on the other hand, remains committed to the position that gold is lashed to the mast of the SS Euro. It matters not whether this explanation makes any sense; its continued assertion will cause gold prices to fall with the Euro, at least in the short term. With that in mind, let’s have a look at the latest financial news from the Continent.
Read the rest of this article. http://www.resourceclips.com/2012/02/02/auguriesflowers-in-the-dustbin/
Auguries — Flowers In The Dustbin
February 2, 2012
By Kevin Michael Grace
Gold was up (at press time) $37.20 (+2.2%) for the week to $1,762, and silver was up
.85 (+2.5%) to $34.30. At the Globe and Mail, David Rosenberg comments, “Gold has begun behaving less as a commodity and more like a currency. Its attractions are obvious: No central bank can print gold, and it is no country’s liability. In contrast, holding paper money is looking less and less attractive.”
Reuters, on the other hand, remains committed to the position that gold is lashed to the mast of the SS Euro. It matters not whether this explanation makes any sense; its continued assertion will cause gold prices to fall with the Euro, at least in the short term. With that in mind, let’s have a look at the latest financial news from the Continent.
Read the rest of this article. http://resourceclips.com/2012/02/02/auguriesflowers-in-the-dustbin/
Treasure Islands
Miners Face Increasing Danger from Crime, Social Unrest and Violence
By Greg Klein
With 22 years’ experience in the British Special Forces, 10 of them with the Royal Marines and the other 12 with the SAS, Alan Bell is no stranger to conflict. Since founding the Toronto-based security company Globe Risk International in 1996, he’s provided his expertise and active involvement to a number of exploration and mining companies overseas. And he’s seen a few changes over the years.
“I remember when I started out in the 1990s, the old VPs of exploration used to go out into the mountains with their hammers and their boots and their trousers tucked into their socks. The old-school guys would go out there and say, ‘We don’t need any security.’ Well the world has changed dramatically since then.”
Read the rest of this article. http://resourceclips.com/2012/01/30/treasure-islands/
Levon President Ron Tremblay on Mexico PEA
Levon Resources Ltd TSXV:LVN announced the completion of a preliminary economic assessment for its Cordero project in Chihuahua State, Mexico. The PEA projects a 15-year mine life for the first four stages of open-pit mining, with an internal rate of return of 19.5%. Capital costs are estimated at $646.8 million, operating costs at $13.82 per tonne, with a 5.5-year base-case payback. The estimate projects potential metal production over the 15 years of 131.16 million ounces silver, 190,000 ounces gold, 1.37 billion pounds of zinc and 1.03 billion pounds of lead. Cordero is calculated to have a pre-tax NPV of $652.6 million at a 5% discount rate.
The Cordero project has indicated resources of 164.8 million tonnes grading 22.55 g/t silver, 0.078 g/t gold, 0.41% zinc and 0.25% lead. It has inferred resources of 49 million tonnes grading 21.88 g/t silver, 0.037 g/t gold, 0.40% zinc and 0.29% lead.
Read the rest of this article. http://resourceclips.com/2012/01/31/levon-president-ron-tremblay-on-mexico-pea/
Auguries — The View From Davos
January 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $67.50 (+4.1%) for the week to $1,724.80, and silver was up $2.86 (+9.3%) to $33.45. Reuters attributed gold’s rise to “The Federal Reserve’s pledge this week to keep US interest rates at rock-bottom levels for a number of years and its hints of fresh monetary easing.” Goldbugs ? the Ben Bernanke!
At the Globe and Mail, Simon Avery ventures a different explanation, derived from the work of Amit Bhartia and Matt Seto of GMO LLC—higher “prices have been driven not by monetary officials debasing their currencies or central banks hoarding gold bars but by consumers in emerging markets. Between 1999 and 2010, emerging Asia increased its share of global gold demand to 57% from 39%, they say, quoting data from the World Gold Council.”
Read the rest of this article. http://resourceclips.com/2012/01/26/auguries-the-view-from-davos/
Auguries — The View From Davos
January 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $67.50 (+4.1%) for the week to $1,724.80, and silver was up $2.86 (+9.3%) to $33.45. Reuters attributed gold’s rise to “The Federal Reserve’s pledge this week to keep US interest rates at rock-bottom levels for a number of years and its hints of fresh monetary easing.” Goldbugs ? the Ben Bernanke!
At the Globe and Mail, Simon Avery ventures a different explanation, derived from the work of Amit Bhartia and Matt Seto of GMO LLC—higher “prices have been driven not by monetary officials debasing their currencies or central banks hoarding gold bars but by consumers in emerging markets. Between 1999 and 2010, emerging Asia increased its share of global gold demand to 57% from 39%, they say, quoting data from the World Gold Council.”
Read the rest of this article. http://resourceclips.com/2012/01/26/auguries-the-view-from-davos/
Auguries — The View From Davos
January 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $67.50 (+4.1%) for the week to $1,724.80, and silver was up $2.86 (+9.3%) to $33.45. Reuters attributed gold’s rise to “The Federal Reserve’s pledge this week to keep US interest rates at rock-bottom levels for a number of years and its hints of fresh monetary easing.” Goldbugs ? the Ben Bernanke!
At the Globe and Mail, Simon Avery ventures a different explanation, derived from the work of Amit Bhartia and Matt Seto of GMO LLC—higher “prices have been driven not by monetary officials debasing their currencies or central banks hoarding gold bars but by consumers in emerging markets. Between 1999 and 2010, emerging Asia increased its share of global gold demand to 57% from 39%, they say, quoting data from the World Gold Council.”
Read the rest of this article. http://resourceclips.com/2012/01/26/auguries-the-view-from-davos/
Righting Past Wrongs
Colossus Does Well by Doing Good in Brazil
By Ted Niles
By the time 60 Minutes aired its story about Brazil’s Serra Pelada gold mine in 1985, it had gone, in Ann Wilkinson’s words, “completely Wild West.” The site of the largest gold rush in Latin American history, hordes of mud-encrusted garimpeiros produced over two million ounces of gold from the remote Amazonian pit. The largest gold nugget found reportedly weighed 15 pounds. But, the VP of Investor Relations for Colossus Minerals TSX:CSI says, “This gold rush ended like many, badly.” The Brazilian army had taken over operations shortly after the deposit’s discovery, and CVRD—the state mining arm, since privatized and now known as Vale SA—discovered early on that in addition to Serra Pelada’s bonanza gold grades, it was also rich in platinum and palladium. It tried to reserve this information to itself.
“Once the hard-to-keep secret got out,” Wilkinson relates, “that CVRD wasn’t paying the artisanals for the platinum and the palladium in the deposit—that it was, in effect, stealing from them—all hell broke loose. The garimpeiros refused to get out of the pit; proper setbacks were not being maintained; lawlessness ensued; people were dying. It had to stop, and the Brazilian government, through CVRD, simply stopped dewatering the pit.”
Read the rest of this article. http://www.resourceclips.com/2012/01/25/righting-past-wrongs/
Auguries — Stop SOPA
January 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $8.00 (+0.5%) for the week to $1,657.30, and silver was up
.37 (+1.2%) to $30.59. Reuters attributed gold’s gain to the “Euro hit[ting] a two-week high versus the dollar, benefiting from solid Spanish and French debt auctions.”
Why is it only equities and commodities whose daily rise and fall are followed by such readings of the entrails? This practice should be extended to other measurables, for instance, Nielsen ratings. Then we could have this: Keeping Up With The Kardashians fell 17% this week, as Americans rediscovered the virtues of intelligence, dignity and self-sufficiency. Or, alternately, this: Keeping Up With The Kardashians rose 19% this week, as America decided to park itself on the couch with a gross of Snackwells and a three-litre bottle of Diet Mountain Dew and just give up.
Until that happy day, this space will continue to list the various explanations for the up hill and the down dale of precious metals and related subjects. That is, unless the Stop Online Privacy Act passes into law. The purpose of the Act, HR 3261, is “To promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of US property.” That’s the official position. Alternately, one could describe its purpose thus: To crush fair use once and for all and to further extend the hegemony of the entertainment industry over every aspect of our lives by terrorizing Internet service providers.
Read the rest of this article. http://www.resourceclips.com/2012/01/19/auguries-stop-sopa/
Auguries — Stop SOPA
January 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $8.00 (+0.5%) for the week to $1,657.30, and silver was up
.37 (+1.2%) to $30.59. Reuters attributed gold’s gain to the “Euro hit[ting] a two-week high versus the dollar, benefiting from solid Spanish and French debt auctions.”
Why is it only equities and commodities whose daily rise and fall are followed by such readings of the entrails? This practice should be extended to other measurables, for instance, Nielsen ratings. Then we could have this: Keeping Up With The Kardashians fell 17% this week, as Americans rediscovered the virtues of intelligence, dignity and self-sufficiency. Or, alternately, this: Keeping Up With The Kardashians rose 19% this week, as America decided to park itself on the couch with a gross of Snackwells and a three-litre bottle of Diet Mountain Dew and just give up.
Until that happy day, this space will continue to list the various explanations for the up hill and the down dale of precious metals and related subjects. That is, unless the Stop Online Privacy Act passes into law. The purpose of the Act, HR 3261, is “To promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of US property.” That’s the official position. Alternately, one could describe its purpose thus: To crush fair use once and for all and to further extend the hegemony of the entertainment industry over every aspect of our lives by terrorizing Internet service providers.
Read the rest of this article. http://www.resourceclips.com/2012/01/19/auguries-stop-sopa/
Auguries — Stop SOPA
January 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $8.00 (+0.5%) for the week to $1,657.30, and silver was up
.37 (+1.2%) to $30.59. Reuters attributed gold’s gain to the “Euro hit[ting] a two-week high versus the dollar, benefiting from solid Spanish and French debt auctions.”
Why is it only equities and commodities whose daily rise and fall are followed by such readings of the entrails? This practice should be extended to other measurables, for instance, Nielsen ratings. Then we could have this: Keeping Up With The Kardashians fell 17% this week, as Americans rediscovered the virtues of intelligence, dignity and self-sufficiency. Or, alternately, this: Keeping Up With The Kardashians rose 19% this week, as America decided to park itself on the couch with a gross of Snackwells and a three-litre bottle of Diet Mountain Dew and just give up.
Until that happy day, this space will continue to list the various explanations for the up hill and the down dale of precious metals and related subjects. That is, unless the Stop Online Privacy Act passes into law. The purpose of the Act, HR 3261, is “To promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of US property.” That’s the official position. Alternately, one could describe its purpose thus: To crush fair use once and for all and to further extend the hegemony of the entertainment industry over every aspect of our lives by terrorizing Internet service providers.
Read the rest of this article. http://www.resourceclips.com/2012/01/19/auguries-stop-sopa/
Auguries — Stop SOPA
January 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $8.00 (+0.5%) for the week to $1,657.30, and silver was up
.37 (+1.2%) to $30.59. Reuters attributed gold’s gain to the “Euro hit[ting] a two-week high versus the dollar, benefiting from solid Spanish and French debt auctions.”
Why is it only equities and commodities whose daily rise and fall are followed by such readings of the entrails? This practice should be extended to other measurables, for instance, Nielsen ratings. Then we could have this: Keeping Up With The Kardashians fell 17% this week, as Americans rediscovered the virtues of intelligence, dignity and self-sufficiency. Or, alternately, this: Keeping Up With The Kardashians rose 19% this week, as America decided to park itself on the couch with a gross of Snackwells and a three-litre bottle of Diet Mountain Dew and just give up.
Until that happy day, this space will continue to list the various explanations for the up hill and the down dale of precious metals and related subjects. That is, unless the Stop Online Privacy Act passes into law. The purpose of the Act, HR 3261, is “To promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of US property.” That’s the official position. Alternately, one could describe its purpose thus: To crush fair use once and for all and to further extend the hegemony of the entertainment industry over every aspect of our lives by terrorizing Internet service providers.
Read the rest of this article. http://www.resourceclips.com/2012/01/19/auguries-stop-sopa/
Auguries — Stop SOPA
January 19, 2012
By Kevin Michael Grace
Gold was up (at press time) $8.00 (+0.5%) for the week to $1,657.30, and silver was up
.37 (+1.2%) to $30.59. Reuters attributed gold’s gain to the “Euro hit[ting] a two-week high versus the dollar, benefiting from solid Spanish and French debt auctions.”
Why is it only equities and commodities whose daily rise and fall are followed by such readings of the entrails? This practice should be extended to other measurables, for instance, Nielsen ratings. Then we could have this: Keeping Up With The Kardashians fell 17% this week, as Americans rediscovered the virtues of intelligence, dignity and self-sufficiency. Or, alternately, this: Keeping Up With The Kardashians rose 19% this week, as America decided to park itself on the couch with a gross of Snackwells and a three-litre bottle of Diet Mountain Dew and just give up.
Until that happy day, this space will continue to list the various explanations for the up hill and the down dale of precious metals and related subjects. That is, unless the Stop Online Privacy Act passes into law. The purpose of the Act, HR 3261, is “To promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of US property.” That’s the official position. Alternately, one could describe its purpose thus: To crush fair use once and for all and to further extend the hegemony of the entertainment industry over every aspect of our lives by terrorizing Internet service providers.
Read the rest of this article. http://www.resourceclips.com/2012/01/19/auguries-stop-sopa/
Turnaround Time
Alexis Hopes Manitoba Gold Will Fund Abitibi Expansion
By Greg Klein
At first glance, a company that loses money on an Abitibi gold mine might not seem the ideal spot for a CEO’s career move. But when François Perron joined Alexis Minerals TSX:AMC a year ago, he had his eyes on the main prize—the company’s Snow Lake Gold Project in Manitoba. That, he maintains, is the key to reviving the Lac Herbin Mine and finding others in Quebec’s Cadillac Break’s largest land holding.
“Snow Lake is the jewel, and that’s why I joined Alexis,” Perron says. “There’s this huge opportunity to unlock a lot of value with that project.” In operation from 1995 to 2005, it comes with a mill and other surface infrastructure intact. Below the surface, lie proven and probable reserves averaging 4.04 grams per tonne for 451,900 gold ounces, which are included in measured and indicated resources of 728,000 gold ounces averaging 4.14 g/t. The inferred resource estimate is 336,700 gold ounces grading 4.43 g/t. The estimates date to December 2010.
Read the rest of this article. http://www.resourceclips.com/2012/01/24/turnaround-time/
The Colour Of Money?
Mikkel Schau’s Vancouver Island Kringle Claim is Prospective for Copper
By Kevin Michael Grace
Mikkel Schau was driving up north Vancouver Island on the Island Highway and saw that it was stained green. Few would have paid much attention to this anomaly, but Schau is a geologist and prospector. To him, the significance of the stain was immediate: “malachite,” ie, copper carbonate. So, he relates, “I staked that. Then I went across and started looking at the logging roads.”
That was a decade ago. He has since assembled the Kringle-Consolidated Claim Group, 21 claims totalling 4,641 hectares. Schau believes the package is highly prospective for copper, and his samples agree. Now his aim is to persuade a mining company to agree as well.
Read the rest of this article. http://www.resourceclips.com/2012/01/16/the-colour-of-money/
The Colour Of Money?
Mikkel Schau’s Vancouver Island Kringle Claim is Prospective for Copper
By Kevin Michael Grace
Mikkel Schau was driving up north Vancouver Island on the Island Highway and saw that it was stained green. Few would have paid much attention to this anomaly, but Schau is a geologist and prospector. To him, the significance of the stain was immediate: “malachite,” ie, copper carbonate. So, he relates, “I staked that. Then I went across and started looking at the logging roads.”
That was a decade ago. He has since assembled the Kringle-Consolidated Claim Group, 21 claims totalling 4,641 hectares. Schau believes the package is highly prospective for copper, and his samples agree. Now his aim is to persuade a mining company to agree as well.
Read the rest of this article. http://www.resourceclips.com/2012/01/16/the-colour-of-money/
Claude VP Brian Skanderbeg on Sask gold assays of 12.81 g/t over 6.7m
Claude Resources Inc TSX:CRJ announced assays from the L62 discovery of its Seabee gold mine in Saskatchewan. Results include
12.81 g/t gold over 6.7 metres
14.83 g/t over 5.2 metres
195.06 g/t over 2.3 metres
22.03 g/t over 4.4 metres
24.16 g/t over 5.7 metres
27.06 g/t over 4.8 metres
VP Exploration Brian Skanderbeg tells ResourceClips.com, “Seabee has been our sole-producing asset for the last 20 years. Claude has had approaching one million ounces of historic production and the current resource base is about 660,000 ounces. L62 is a new lens that we discovered in 2Q last year. It’s been the focus of quite a bit of exploration over the last six months, and these drill holes are really showing how it continues to grow. It’s proximal to our infrastructure; it’s a new discovery; and it’s open, so it has the potential to significantly change our resource base. Obviously, the grades are much higher than what we’re currently mining, so the grade of the lens is quite attractive to us.
Read the rest of this interview. http://http://resourceclips.com/2012/01/17/claude-vp-brian-skanderbeg-on-saskatchewan-gold-assays-of-12-81-gt-over-6-7m/
Elissa President Paul McKenzie on Nevada REE drilling commencement
Elissa Resources Ltd TSXV:ELI announced that it has begun Phase 1 drilling on the Lopez trend of its Thor heavy and light rare earth element project in southern Nevada. A minimum of 1,500 metres will be drilled, and the company anticipates the program to be completed within 1Q 2012. The project is located approximately 28 kilometres east of Molycorp Minerals’ Mountain Pass REE mine.
President/CEO Paul McKenzie tells ResourceClips.com, “We’ve had this project for over a year, and we picked it up on nothing more than a theory. It was intriguing to us because of its proximity to Molycorp’s flagship Mountain Pass deposit. That it was in the state of Nevada made it all the more intriguing. But when we got on the ground after acquiring it, it very quickly became a compelling property, and with every visit it became more and more so.
Read the rest of this article. http://www.http://resourceclips.com/2012/01/16/elissa-president-paul-mckenzie-on-nevada-ree-drilling-commencement/
Auguries — Keynes Redux
January 12, 2012
By Kevin Michael Grace
Gold was up (at press time) $25.90 (+1.6%) for the week to $1,649.30, and silver was up
.95 (+3.2%) to $30.22. Reuters attributed gold’s “one-month high” to “comments by the president of the European Central Bank on cheap money [which] stabiliz[ed] the region’s banking system [and] extended the metal’s gain to a third consecutive day.”
That’s one point of view. The same Reuters story quoted Zachary Oxman of futures brokerage TrendMax, “Right now, gold is operating on its own merit as a store of value. The problems in the Eurozone are still there, and I believe the debt issues in Greece and Italy are not going to be alleviated at all.”
Read the rest of this article. http://http://resourceclips.com/2012/01/12/auguries-keynes-redux/
Auguries — EU, Then US
January 5, 2012
By Kevin Michael Grace
Gold was up (at press time) $82.60 (+5.4%) for the week to $1,623.40, and silver was up $1.89 (+6.9%) to $29.27. The Wall Street Journal attributed gold’s rise to bargain hunting. “People who were jittery about owning gold probably [cashed out] at the end of 2011,” said Adam Klopfenstein, a market strategist with Archer Financial Services. “At these [price] levels, it’s regaining a little more investor interest.”
The Journal attributed gold’s 10% December drop to “worries about a potential financial crisis in Europe [that] led investors turn to the flexibility of the US dollar for safety.” Ah, the frying pan/fire conundrum. It’s not as if Europe’s fundamentals show any indication of improvement. Reuters reports that terrified Greeks and Italians have taken to burying their Euros underground.
Read the rest of this article. http://http://resourceclips.com/2012/01/05/auguries-eu-then-us/
Auguries — EU, Then US
January 5, 2012
By Kevin Michael Grace
Gold was up (at press time) $82.60 (+5.4%) for the week to $1,623.40, and silver was up $1.89 (+6.9%) to $29.27. The Wall Street Journal attributed gold’s rise to bargain hunting. “People who were jittery about owning gold probably [cashed out] at the end of 2011,” said Adam Klopfenstein, a market strategist with Archer Financial Services. “At these [price] levels, it’s regaining a little more investor interest.”
The Journal attributed gold’s 10% December drop to “worries about a potential financial crisis in Europe [that] led investors turn to the flexibility of the US dollar for safety.” Ah, the frying pan/fire conundrum. It’s not as if Europe’s fundamentals show any indication of improvement. Reuters reports that terrified Greeks and Italians have taken to burying their Euros underground.
Read the rest of this article. http://http://resourceclips.com/2012/01/05/auguries-eu-then-us/
Auguries — Phoney War
December 29, 2011
By Kevin Michael Grace
Gold was down (at press time) $66.90 (-4.2%) for the week to $1,540.80, and silver was down $1.74 (-6%) to $27.36. Nicolas Johnson of the Globe and Mail attributed these declines to “a report from the European Central Bank [which] rekindled concern that the region’s debt crisis is deepening.”
The Guardian reports today, “The Euro sank to a 15-month low against the dollar on Thursday as the European Central Bank (ECB) reportedly stepped in to prop up Italian bonds following an auction that revived fears Italy may be unable to refinance its huge €1.9 trillion [US$2.46 trillion] borrowings.”
Read the rest of this article. http://http://resourceclips.com/2011/12/29/auguries-phoney-war/
Auguries — Phoney War
December 29, 2011
By Kevin Michael Grace
Gold was down (at press time) $66.90 (-4.2%) for the week to $1,540.80, and silver was down $1.74 (-6%) to $27.36. Nicolas Johnson of the Globe and Mail attributed these declines to “a report from the European Central Bank [which] rekindled concern that the region’s debt crisis is deepening.”
The Guardian reports today, “The Euro sank to a 15-month low against the dollar on Thursday as the European Central Bank (ECB) reportedly stepped in to prop up Italian bonds following an auction that revived fears Italy may be unable to refinance its huge €1.9 trillion [US$2.46 trillion] borrowings.”
Read the rest of this article. http://http://resourceclips.com/2011/12/29/auguries-phoney-war/
Hey everyone, check out Kringle Copper. Looks like they have an great thing happening on Vancouver Island with that deposit, especially if the price of metals continues to rise. http://www.kringlecopper.com.
Cheers,
S
Hey everyone, check out Kringle Copper. Looks like they have an great thing happening on Vancouver Island with that deposit, especially if the price of metals continues to rise. http://www.kringlecopper.com.
Cheers,
S