Junior Mining News

click to enlarge Speaking to MarketWatch last week, Oil Price Information Service energy analyst Tom Kloza said the “possibility of chaos” in Venezuela Venezuela is sliding closer and closer toward the brink, and things look as if they’ll get worse, unfortunately, before they improve. A country that boasts the largest proven oilfield in the world […]

By analyst By Andrew Topf In the DRC (Democratic Republic of the Congo) nearly all the gold is mined by artisinal miners whose mining practices are dangerous and uncontrolled. According to the International Peace Information Service, about $28 billion worth of gold lies underground in eastern Congo, but 98% of it leaves the country illegally.

By analyst By Andrew Topf A torrent of retirements over the next 10 years is poised to wreak havoc on the mining labour market in Canada. While the unemployment rate in mining, quarrying and oil and gas has improved in 2017 from the summer of 2016 – from 10% to 7% – the next decade

By analyst By Andrew Topf An explosion at an illegal gold mine in Colombia has killed six security contractors who were working for Continental Gold (TSX:CNL). The contractors were performing routine inspections of a closed underground mine, away from the company’s Buriticá project, when an explosion occurred, Continental said on Saturday. The contractors died from

By Samuel Taube On this week’s episode of Forward Guidance, Alexander Green joins us by phone to discuss his recent FreedomFest debate with Michael Shermer of Skeptic magazine. The subject of the debate was American meritocracy – and whether or not it’s a myth. Shermer argued (on behalf of New York Times columnist Robert Frank,

By Jordan Roy-Byrne CMT, MFTA The update has been published, uploaded to the website and emailed out to subscribers. In this update we discussed three potential scenarios for Gold going forward, our strong view on the US$ index as well as our thoughts on what we could expect from the Federal Reserve in the weeks

By Jordan Roy-Byrne CMT, MFTA The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00. While this has certainly fueled the strength in precious metals, it has not been able to lift

By James Rickards This post 4 Financial Components to Improved Russian Relations appeared first on Daily Reckoning. With the U.S. preparing to confront China and go to war with North Korea, Russia is an indispensable ally for the U.S. There are huge implications on capital markets as these hegemonic powers continue to edge toward war.

By Charles Hugh Smith This post The Toxic Fruit of Financialization: Risk Is for Those at the Bottom appeared first on Daily Reckoning. Financialization of the economy substitutes expansion of interest, leverage and speculation for real-world expansion of goods, services and wages. Financial “wealth” created by leveraging more debt on a base of real-world collateral

By Brian Maher This post The Frightening Cost of Low Growth appeared first on Daily Reckoning. American per capita GDP rose an average 2.2% a year between 1947 and 2000. But it’s barely managed 1% since 2001. A 1.2% difference doesn’t sound like much. And from one year to the next it isn’t. But repeat