Copper price falls on Grasberg production resumption

By analyst By Frik Els In New York on Tuesday copper for delivery in May suffered a second day of markdowns trading at $2.6075 per pound or $5,750 a tonne as output disruptions at the world’s biggest mines appear to be closer to being resolved. Copper is down more than 3% this week. Reuters reports Tuesday that top listed copper producer Freeport McMoRan’s giant Grasberg mine in Indonesia had resumed staged copper concentrate production following a strike at a domestic refinery in which the US company owns a minority stake after a 38-day hiatus. Grasberg remains under a concentrate export ban as Freeport negotiates a new operating licence and ownership agreements with the Asian nation. Last month Phoenix-Arizona-based Freeport said it does not foresee a return to business as usual at its 90%-owned operating subsidiary in the country. Grasberg remains under a concentrate export ban as Freeport negotiates a new … Continue reading

Richard Postma – The Doctor Is In – Tue 21 Mar, 2017

By Cory Big changes in money flow Today we are seeing money flow out of US equities and the dollar and into gold and treasuries. The VIX is also getting a buy as the sell off in equity markets builds. Doc and I discuss all the moves we are seeing today and the possibility that this continues. Download audio file (21_Mar_2017-Doc.mp3) …read more Source:: The Korelin Economics Report The post Richard Postma – The Doctor Is In – Tue 21 Mar, 2017 appeared first on Junior Mining Analyst. … Continue reading

Craig Hemke Exclusive: Physical Metals Demand Plus Manipulation Suits Will Break Paper Market

By GoldSilverWorlds Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well known blogs in the industry and has been covering the precious metals for close to a decade now, and he puts out some of the best analysis on banking schemes, the flaws of Keynesian economics and evidence of manipulation in the gold and silver markets. Craig, it’s great to have you back and thanks for joining us again today and, how are you? Craig Hemke: Mike, I’m fine thank you. It’s always a pleasure and I appreciate the invitation. Mike Gleason: Well, I know time is short here so we’ll get right into it. First off, we’ve been seeing a decent little correction in the metals over the last few … Continue reading

Minco shares soar on possible takeover by Dalradian Resources

By analyst By Cecilia Jamasmie Shares in Minco PLC (LON:MIO) were up almost 70% to 2.25 pence at 4:34 pm GMT on news that the mineral exploration firm was in talks with Canada’s Dalradian Resources (TSX:DNA) (LONDALR) over a potential takeover. The deal would transfer control of Minco’s 2% net smelter return royalty on the Curraghinalt gold project in Northern Ireland, one of the world’s top ten undeveloped gold deposits by grade, which Dalradian is currently developing. Deal would transfer control of Minco’s 2% net smelter return royalty on the Curraghinalt gold project in Northern Ireland, one of the world’s top ten undeveloped gold deposits by grade. Minco would in turn demerge its Canada-based Buchans Resources Ltd subsidiary ahead of the deal and those shares in Buchans would be transferred to Minco shareholders in the same proportion as their current holdings, Minco said. Buchans would make an application for a … Continue reading

A Core Holding Keeps Getting Better

Fund manager Adrian Day reviews one of his favorite resource companies and updates a few others. Altius Minerals Corp. (ALS:TSX.V, 13.07) is one of our “core” resource companies. It has tremendous expertise in grass roots exploration and has leveraged that skill into a portfolio of royalties. CEO Brian Dalton has also demonstrated—more than most in this sector—the patience and discipline needed to take advantage of the inevitable cycles. Altius has used the downturn of the last few years to accumulate a large package—over 2 million hectares in nine different locations—of prospective ground. Now with the resource sector coming back, they are seeing it as a time to harvest. Some of this is traditional joint ventures, and some the sponsorship of new public vehicles in which Altius has specialized. New zinc company Last month, Altius announced the IPO of Adventus Zinc Corp. (ADZN:TSX.V), with exploration land in Eastern Canada and Ireland, … Continue reading

$5.5 billion private capital ready to invest in mining

By analyst By Frik Els According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment actually declined declined by a fifth in 2016 to the lowest since 2012. Coming off a record 2015, 74 funds raised a total of $60bn in 2016 for investment in natural resources, which includes metals and mining, water, timberland and energy. Private providers of capital include pension funds, sovereign wealth funds, endowments, family offices and others. One of the funds to watch – Electrum Strategic Opportunities – last year invested in two junior mining companies based in the Yukon In 2015 mining and metals made up a paltry portion of funds raised with three funds closing on $1.1 billion in 2015. Last year five funds managed to raise $2.1 billion. 2012 was the peak year for mining fundraising with $4.6 billion of capital commitments from investors. That’s still small … Continue reading

The Biggest Gold Story Not Being Reported

By Byron King This post The Biggest Gold Story Not Being Reported appeared first on Daily Reckoning. Gold has performed exceedingly well since last Wednesday’s much-anticipated rate hike. It shot up about $25 Wednesday alone. Today it’s up another three bucks, to $1,233. The most common argument for gold is fairly well-known. Trump’s massive new spending proposals will goose inflation, meaning a higher gold price. But while most investors focus on the potential for increasing demand, few consider if supplies will be able to meet that demand. And if supplies can’t keep up with demand, that should lead to much higher gold prices. After three years of drifting lower, gold prices began to recover last year. Still, despite last year’s gold price move, the world’s top 10 gold mining companies were focused more on cost cutting. The result was a decline in gold production from mines run by majors. And … Continue reading

“People Need to Understand that their Biggest Asset is Individual Liberty” – an Interview with Claudio Grass

By Taki Tsaklanos Claudio Grass, managing director at Preserving Liberty in a Difficult Time In his latest interview for the X22 Report, Claudio Grass shares his views on the future of the Euro, the Trump Presidency, the monetary system and the advantage of of owning gold in these times of global uncertainty. Claudio Grass, managing director at Global Gold As election season is upon us in Europe and political and economic tensions are heating up, Claudio Grass notes that “the euro is the most artificial currency in history”, highlighting one of the most fundamental problems at the heart of the EU’s troubles. It is undeniable that public awareness is growing, and so is active opposition to ever greater centralization of political power. A breakup of the EU remains a possible scenario, which one has to seriously take into account, as it could trigger a domino effect with extensive repercussions. The … Continue reading

The Unstable Empire – A Campfire Tale

By Bill Bonner Campfire Tale Caesar: The Ides of March are come. Soothsayer: Ay, Caesar, but not gone. — Julius Caesar, Shakespeare GRANADA, NICARAGUA – Today, we stop the horses and circle the wagons. For 19 years, we have been rolling along, exploring, discovering. We began with the assumption that we didn’t “know” anything – so we kept our eyes open. Now we know even less. Famous people who knew nothing and were not shy to admit it: Sergeant Schultz (left), Socrates (right)… But we’ve covered a lot of ground. So, let’s take a brief pause to get our bearings and to sit in front of the campfire and tell our tales. New readers of the Diary are invited to pull up a log. You need to know what we’ve seen so far. It will help make sense of what you read tomorrow and in the future. And, yes, this … Continue reading

Richard Postma – The Doctor Is In – Mon 20 Mar, 2017

By Cory Financial vs geopolitical news – Which will move the markets? With the markets continuing to bore Doc and I look at what we think will move the markets later this year. Boring markets are actually good for investors as it gives everyone time to select individual stocks rather than chasing broad averages higher. We also touch on March Madness and Doc’s Michigan team which keeps on rolling. Download audio file (20_Mar_2017-Doc.mp3) …read more Source:: The Korelin Economics Report The post Richard Postma – The Doctor Is In – Mon 20 Mar, 2017 appeared first on Junior Mining Analyst. … Continue reading