German researchers say mining intensifies social conflicts in Peru

A group of researchers from Berlin’s Humboldt University published a study where they say that mining activities are the leading cause of social conflicts in Peru. According to the study, which is titled “Alternatives for the development of Peru’s mining regions,” one of the reasons that explains the unrest is the fact that the country’s economic policies do not allow for a large royalty collection from resource extraction and, therefore, there are few opportunities to reinvest those funds in mining cities and towns. On top of that, the experts say that the fall in commodity prices in the past years has worsened the situation. Interviewed by Deutsche Welle, the mining and development advisor for the German episcopal organization Misereor, Susanne Pries, said that for the past 20 years most community groups in the South American country have been complaining about mining activities polluting their environment, poisoning them, displacing people and … Continue reading

Silver Squeeze, Gold Fails & GDX Breadth

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 15, 2014) – VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS Ventures” or the “Company”) is pleased to announce that further to its news release of May 8, 2014 it has closed a private placement of 2,425,000 flow-through units (the “FT Units”) and 2,505,000 non flow-through units (the “NFT Units”) for total proceeds of $1,353,750 (the “Offering”). …read more Source: Market Wired-MIning and Metals ‘ data-medium-file=”” data-large-file=”” src=”https://i2.wp.com/thedailygold.com/wp-content/uploads/2018/04/Silver-Squeeze-Gold-Fails-GDX-Breadth01_opt3-1024×768.jpg?w=150&ssl=1″ alt=”” data-recalc-dims=”1″> It was an interesting week in the precious metals complex. There appeared to be the start of a short squeeze in Silver (hedge funds were heavily short) but it ceased at important resistance. Meanwhile, Gold closed the week on a weak note, losing $1340-$1350. The gold stocks, like Silver closed the week below technical resistance. The price action in the complex continues to suggest that a breakout in Gold is the key to unleashing strong outperformance from … Continue reading

Blue diamond ring breaks world record

A cut-cornered rectangular step-cut fancy intense blue diamond weighing 3.47 carats set a price-per-carat world record for a blue diamond after it sold for $1.9 million per carat to reach almost $6.7 million at Sotheby’s Magnificent Jewels Auction. The gem’s final price nearly tripled Sotheby’s pre-sale estimate of between $2 million and $2.5 million and pushed up the auction final results to $26.2 million. The blue rock was previously owned by an anonymous midwestern family. In total, the fine jewelry broker garnered $34 million across its New York spring auctions, says Rapaport. According to Sotheby’s, buyers from all over the world flooded the Big Apple also emptied their wallets by acquiring a 72.96-carat diamond bracelet for $1.4 million and a 13.70-carat Tiffany & Co. diamond ring for $1.2 million. The post Blue diamond ring breaks world record appeared first on MINING.com. …read more Source:: Infomine The post Blue diamond ring … Continue reading

Go Away In May? Not If You Own This NASDAQ 100 Stock

Tom Bowley | April 21, 2018 at 11:43 AM   One of the most over used cliches in the stock market, in my opinion, is “go away in May”.  First of all, it’s simply bad investment advice.  Since 1950 on the S&P 500, the May 1st to July 17th period has produced annualized returns of 6.00%.  So if you decide to “go away in May”, where will you park your long-term money in today’s environment and beat 6%?  Granted, that 6% return is not guaranteed, but it is the historical return for the period listed above and it’s not bad considering that a 10 year treasury note yields 2.95%. A better piece of investment advice, based on history and my opinion, is to go away on July 17th.  One other important fact that the “go away in May” folks overlook is that strategy would completely fail to participate in the Russell 2000’s … Continue reading

Bloomberg Commodity Index Is Near An Upside Breakout

John Murphy | April 21, 2018 at 05:20 PM Editor’s Note: This article was originally published in John Murphy’s Market Message on Thursday, April 19th at 12:11pm ET BLOOMBERG COMMODITY INDEX IS NEAR AN UPSIDE BREAKOUT… This week’s surge in commodity prices is starting to attract a lot of attention. That’s because rising commodity prices are a leading indicator of inflation. Rising commodity prices have a lot of intermarket implications. For one thing, rising commodity prices usually cause Treasury bond prices to fall and yields to rise (as they’re doing today). That usually helps stocks tied to commodities and those that benefit from rising rates (like banks and financials). But it would hurt rate-sensitive bond proxies like staples, utilities, and REITS. Rising bond yields could, however, cause the yield curve to steepen and relieve recent concerns about it falling to the lowest level in a decade. Let’s look at some … Continue reading

Deep-sea mining: scientists say collaboration is key

Researchers from the University of California San Diego and the Massachusetts Institute of Technology are advocating for collaborations between academia and industry when it comes to finding a balance between exploiting mineral resources from the seabed and protecting vulnerable marine ecosystems. Matthew Alford, a physical oceanographer with the Scripps Institution of Oceanography at the UC -San Diego, and Thomas Peacock, director of the Environmental Dynamics Laboratory at the MIT, are making the call following a field study investigating potential impacts of extracting minerals such as cobalt, copper, and nickel from the deep-sea. According to a university press release, the two conducted a simulation of sediment plumes that would be created by seabed mining. From onboard research vessel Sally Ride and using samples obtained from a proposed mining area in the deep Pacific Ocean, they ejected plumes of particle-laden water like those that would be produced during such operations. Their goal … Continue reading

General Market Commentary – Sun 22 Apr, 2018

Chris visits with Mike “Mish” Shedlock on the reckoning the Fed is heading for This weekend, Chris catches up with popular blogger and investment adviser rep “Mish” Shedlock, who took a break during a trip to the western U.S. to chat about the Fed. Chris and Mish might vary by a few degrees; but both believe that the Fed will not be able to “normalize” things as much as they think they will before they “break something,” and perhaps even have to re-start their extraordinary easing measures once more. jQuery(document).ready(function($) { $(‘#wp_mep_1′).mediaelementplayer({ m:1 ,features: [‘playpause’,’current’,’progress’,’duration’,’volume’,’tracks’,’fullscreen’] ,audioWidth:400,audioHeight:30 }); }); …read more Source:: The Korelin Economics Report The post General Market Commentary – Sun 22 Apr, 2018 appeared first on Junior Mining Analyst. … Continue reading

Are You Saving Enough for Your Life Expectancy?

Transcript: This is a retirement belt slap for all of those who are going to wake up broke in their 80s, no matter what they do. This is a sad one. Sad and funny, though. The year was 1981. He was the biggest lottery winner to date – $5 million. They called him “Lucky Lou” when he hit the big one. At the tender age of 53, he immediately quit his job and planned on living out his days in style on the $239,000 per year after taxes that he would receive for the next 20 years. Three wives and a lot of friends who needed cash later, Lou is broke. He says he didn’t waste it; he spent it. But the problem wasn’t his spending… it was that he never thought he’d ever live to be 89. Yes, 89. It’s been 16 years since his last check. Lou says, … Continue reading

TheDailyGold Premium Update #566

The 30-page premium update was published and emailed to subscribers late Saturday night. In the update we provide our latest thoughts on the sector, its short-term outlook and updated buy target prices for our favorite stocks. Speaking of our favorites, we provide updated thoughts on one of our favorites (the one with massive long-term potential). We also chart a silver play we don’t own. Its on our watch list. It has a beautiful chart and is primed for a big move if and when Gold and Silver break resistance. …read more Source:: The Daily Gold The post TheDailyGold Premium Update #566 appeared first on Junior Mining Analyst. … Continue reading