Polyus powers on

By analyst By Frik Els Russia’s largest gold producer Polyus posted another record-breaking quarter on Thursday, with production rising 16% year-on-year to 642,000 ounces during the third quarter. Gold output for the first nine months of the year reached 1.58m ounces, an increase of 13%, and CEO Pavel Grachev said the company is confident it will meet its previously announced production guidance for 2017 of 2.075–2.125m ounces. The company has been working all its mines hard with volumes of ore mined surging 45% to 9.92m tonnes during the quarter. Ore processing was up 12% to 7.3m tonnes over the three months to end-September with throughput capacity expansion either completed or near completion, according to the company. The company is also unique in the top tier of gold miners with alluvial operations that contributed 116,000 ounces during the first nine months of the year. The Moscow-based company is set to grow … Continue reading

Crypto Is a MAJOR Bubble Right Now

By James Altucher This post Crypto Is a MAJOR Bubble Right Now appeared first on Daily Reckoning. Yes, cryptocurrencies are in a major bubble. But don’t let that word scare you away. Crypto opportunities are NEVER going away, and generational wealth WILL be made. I’m telling you the opportunity here is immense. Think, “internet 1994” — a lot of people got very rich before that bubble burst. One day soon, “B.C.” will stand for “before crypto” and “A.C.” will stand for “after crypto.” Right now we’re living in early years of “A.C.” It’s time to get ready… the world is about to change. Cryptos ARE The Natural Evolution of Currency First it was the land you owned and the resources you developed on that land (wheat, grains, etc.). Then it was metals. Gold, silver, etc. You traveled with it by fashioning it into jewelry. Too much gold equals harder to … Continue reading

Craig Hemke from TF Metals Report – Thu 19 Oct, 2017

By Cory Let’s Take A Look At Copper To The USD We have been looking at the relationship between gold and the USD but in this segment we shift focus and compare the movements in copper to the USD. Craig Hemke and I look at the charts below back 3 years when copper broke down and the USD made a major bull move. If we are seeing the inverse of this with copper moving up then the thoughts of any sustained bounce in the dollar should be reconsidered. Click here to visit Craig’s site for more metals focused commentary. Download audio file (2017_10_19-Craig-Hemke.mp3) Short Term USD – Head and Shoulders Long Term Copper Long Term USD …read more Source:: The Korelin Economics Report The post Craig Hemke from TF Metals Report – Thu 19 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

The Rich Life Part I: What does it mean to be rich? And are you?

By Nilus Mattive This post The Rich Life Part I: What does it mean to be rich? And are you? appeared first on Daily Reckoning. Nilus Mattive here. I’m the editor of The Rich Life Roadmap. The Rich Life Roadmap e-letter has one mission: to steer you towards greater health, wealth and happiness. After all, it’s not enough to have wealth alone if your health or personal life suffer. But right now you might be wondering who I am, and what qualifies me to give you advice on anything, much less how to lead the Rich Life. It’s a perfectly legitimate question, and you’re right to ask it. So I’d like to introduce myself to you, and explain how I can help you achieve your income and retirement goals… My journey to the Rich Life started with three words: Surfing. Sushi. Stocks. Most kids in my elementary school didn’t care … Continue reading

David Erfle – Gold Market Commentary – Thu 19 Oct, 2017

By Cory A Position in DUST And Levels to Watch For PM Stocks David Erfle, Editor of the Junior Miner Junky joins me today to share the reasons why he is taking a short term position in DUST. We discuss the movements in the USD and US markets plus the upcoming Fed meeting in December. While the DUST position carries a negative outlook for the sector there are regions that we are look for in certain metals charts that could be great buying opportunities. We also take a look a the Auryn chart as the sell off today is taking the stock to some interesting levels. Click here to visit David’s site and please consider signing up for his newsletter. Download audio file (2017_10_19-David-Erfle.mp3) …read more Source:: The Korelin Economics Report The post David Erfle – Gold Market Commentary – Thu 19 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

Company News – Thu 19 Oct, 2017

By Cory Auryn expands mineralized system at the Inuk prospect by 400 meters and provides portfolio update Here are the latest round of drill results from Auryn Resources. The stock is getting hit today and dropping to levels where I am planning on picking up some shares shortly. The Company has been hitting mineralization throughout the large drill program this year but still has yet to hit that massive hole that investors are clearly waiting for. There are a lot of drill results to come still this year out of Committee Bay (31% of drilling in the assay labs), Homestake (14,811 meters in 37 drill holes), drilling upcoming in Peru, and follow up work at Committee Bay in March of next year. Click here to visit the Auryn Resources website. Also if you have any questions for the team at Auryn please comment or email me and I will get … Continue reading

Vale’s iron ore output hits another record

By analyst By Cecilia Jamasmie Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, said output of the steelmaking material hit a fresh record high in the third quarter as its massive S11D mine in the Amazon continued to ramp up towards achieving full production in 2018. The Rio de Janeiro-based company said iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes. Sales volumes in the three months ended in October were lower than production volumes, implying a slight inventory build-up as a result of operational needs and market strategies. However, the sales/production volume ratio was higher than in in the previous quarter of the year, it said. Vale reiterated its output guidance for the year of between 360 million and 380 million tonnes of ore. The mining giant, which is currently looking to sell a few … Continue reading

Wall Street Is Crash-Proof (Almost)

By Mark Skousen “Never underestimate the size of a panic, nor the power of the politician.” -Harry D. Schultz Today, October 19, is the 30th anniversary of Black Monday. That day in 1987, the Dow Jones Industrial Average fell more than 500 points, or 22.6%. It was the worst one-day decline in stock market history, before or since. I was lucky enough to anticipate this “first-class catastrophe,” as one historian calls it. Six weeks before, I sent out a special alert to my Forecasts & Strategies subscribers with the headline “Sell all stocks.” October 19 also happened to be my 40th birthday. But few of my friends on Wall Street were smiling at the party my wife put together. One broker friend had a $5 million margin call and wasn’t sure if his customer was going to make it. (He eventually did.) It was a day that made grown men … Continue reading

“Kill the Bulls”

By Greg Guenthner This post “Kill the Bulls” appeared first on Daily Reckoning. Some bearish investors were looking for excuses to “kill the bulls”. That’s what strategist Kenny Wen told Bloomberg in the wee hours of the morning as stocks in Hong Kong experienced their biggest one-day drop of 2017. Hong Kong’s Hang Seng dropped 2% overnight. Leading the drop were some of the year’s biggest winners from the red-hot index, which was up more than 30% year-to-date before today’s slide. It’s safe to say that the Hang Seng’s drop was an eerie way to kick off the 30th anniversary of Black Monday. And while a 2% slide isn’t anything close to a trend-breaker, we’re seeing a wave of red overtake the futures market in the western world right now. Heck, we might even see a legitimate pullback! You see, Americans aren’t the only investors who have enjoyed historically calm … Continue reading

Miner Exceeds Estimates for Gold Produced in Q3/17

Source: Streetwise Reports 10/19/2017 BMO Capital Markets reported the preliminary Q3/17 production results for this senior gold producer. According to an Oct. 16 research note, Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) produced 257 Koz gold in Q3/17 from six of its seven mines (excluding Brio). The quantity achieved surpassed BMO Capital Markets’ expected 240 Koz “based on better-than-expected production from Chapada, Malartic and El Peñón, offset by lower production at Minera Florida,” indicated analyst Andrew Kaip. As for other metals, Yamana produced 37.1 Mlb copper, which beat BMO’s anticipated 33.9 Mlb, Kaip added. It generated 1.43 Moz silver, which was in line with BMO’s estimate. About the Canadian miner’s Q3 performance, Kaip concluded that “incorporating the stronger-than-expected production results is expected to have a positive impact to earnings.” Yamana’s gold production for the first three quarters of 2017 is 717 Koz, Kaip noted. This represents about 76% of its 940 … Continue reading