Copper price: Congo set to overtake US as world’s no 4 producer

By analyst By Frik Els The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo’s determination to push through a new mining code that substantially increases the cost of doing business in the central African nation. Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other than that the miners’ concerns “will be taken into account through a constructive dialogue” after the law is promulgated. Those negotiations kick off on Wednesday, but the mining companies’ hopes of more favourable case-by-case “transitional arrangements” or significant concessions in the detailed regulations (which need to be produced within 90 days) also seems faint. The DRC will be the fastest growing major mining market in the world this year, despite mounting political and regulatory risks Glencore et al may have overestimated … Continue reading

Update from Rye Patch Gold – Tue 20 Mar, 2018

By Big Al Big Al opines on the Rye Patch situation. A very unpopular decision was made and here is my take on it. Remember that I supported Bill and Rye Patch “on the record”. Download audio file (Rye-Patcvh-Tuesday-1.mp3) …read more Source:: The Korelin Economics Report The post Update from Rye Patch Gold – Tue 20 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

US Stock Market – The Flight to Fantasy

By Pater Tenebrarum Divergences Continue to Send Warning Signals The chart formation built in the course of the early February sell-off and subsequent rebound continues to look ominous, so we are closely watching the proceedings. There are now numerous new divergences in place that clearly represent a major warning signal for the stock market. For example, here is a chart comparing the SPX to the NDX (Nasdaq 100 Index) and the broad-based NYA (NYSE Composite Index). The tech sector is always the last one to get the memo – we have dubbed this the “flight to fantasy” – and it is always seen near major market peaks. Incidentally, the Nasdaq was the last index to peak in 1987 as well (the DJIA topped out in late August of that year, the Nasdaq on October 5). So this is a well-worn tradition. The divergences that have been established between these indexes … Continue reading

Technical Insights from the Web – Tue 20 Mar, 2018

By Cory Technical Outlook For A Wide Range Of Commodities I came across this video on the StockCharts website. Greg Schnell looks at a wide range of commodity and currency charts. For all those who follow technicals or are at least interested this is a good video to watch. Click here to visit the original posting page. …read more Source:: The Korelin Economics Report The post Technical Insights from the Web – Tue 20 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

Social Security “Steals” $131.8 Million From Widows…

By Nilus Mattive This post Social Security “Steals” $131.8 Million From Widows… appeared first on Daily Reckoning. When it comes to Social Security, there are several points that I have made very consistently over the last decade (beyond the fact that the program itself is in poor financial condition)… Point #1. The system is very complicated with thousands of rules, regulations, and possible forks in the road. Point #2. Understanding all your filing options can make a huge difference in how much money you end up collecting out of the system. AND… Point #3. You cannot completely rely on your local Social Security office to help you choose. My own father saw this when he went to apply a strategy that I gave to him and the Social Security employees tried to talk him out of it. Fortunately, Dad had the knowledge and confidence to do what was actually best. … Continue reading

Company Updates From Management – Tue 20 Mar, 2018

By Cory CVR Medical – Timelines For Additional Trials and FDA Clearance After my last chat with Peter Bakema, President and CEO of CVR Medical (TSX.V:CVM, OTCQB CRRVF) there were a couple questions that I received asking for some more clarity on timelines to FDA clearance and the need for additional trials. To get these questions answered I have the Chief Operations Officer Tony Robins join me on the show. We discuss the upcoming trials and path/timeline to FDA clearance. If you have any follow up questions to the CVR team please comment or email me directly – Click here to visit the CVR website. Download audio file (2018_03_20-Tony-Robinson-CVR-Medical.mp3) …read more Source:: The Korelin Economics Report The post Company Updates From Management – Tue 20 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

KER Politics – Tue 20 Mar, 2018

By Big Al Remmber “Nemo” and his third party philosophy? At this point Big Al feels that he is correct.Both political parties are more dysfunctional than Trump White House – Contributed to our site by Timothy Howe BY ANDREW MALCOLM Special to McClatchy The nation’s Founding Fathers had numerous brilliant, innovative ideas for designing our new form of self-government, many of which endure to this day. One of them was a thorough disdain for coarse political parties. However, the rejection of parties did not last long. Humans, like wolves and whales, have an apparently innate need to inhabit packs, pods and political groupings. So, here we are about a quarter-millennium later stuck with two major political parties, neither of which is functioning very well. Both U.S. political parties have gone through identity crises and internal turmoil before, though rarely at the same time. The Democratic and Republican parties, the world’s … Continue reading

Key Data Commentary – Tue 20 Mar, 2018

By Cory FOMC Preview – By The Data This information below is from the Calculated Rick blog. I check out the site on a regular basis because I think the author, Bill McBride does a great job of presenting the numbers without any major biases. Getting the actual data is very important to me because it allows for a level headed look at what is going on. Since everyone is watching/waiting for the FOMC meeting on Wednesday let’s check out how the data and projections have moved since the last live meeting… Click here to visit the Calculated Rick blog for more great information. … The consensus is that the Fed will increase the Fed Funds Rate 25bps at the meeting this week, and the tone might be a bit more “hawkish”. Assuming the expected happens, the focus will be on the wording of the statement, the projections, and Fed … Continue reading

Exclusive Company Introduction – Tue 20 Mar, 2018

By Cory Northern Empire – Big Exploration Plans In Nevada That’s Cashed Up Northern Empire Resources (TSX.V:NM & OTCTC:PSPGF) is a story that just got going last year. I was recently introduced to the Company about 3 weeks ago and spent some time looking into the land package as well as management team. After acquiring the Sterling Gold Project and further consolidating the land around the deposit the Company has about C$17million in the bank and plans to drill 15,000 meters at a number of targets. Northern Empire President and CEO Mike Allen joins me for an overview discussion on the Company. We discuss how the acquisition came together last year and how quickly Coeur Mining invested money into Northern Empire. This is a story that I will continue to follow as we should see a pretty steady flow of drill results throughout this year in a mining friendly jurisdiction. … Continue reading