Mining Archive

Bitcoin: More than a passing fad

Briefly: we support long speculative positions in the Bitcoin market, stop-loss at $440, take-profit at $620. The Chamber of Digital Commerce (CDC), an initiative to promote digital currencies, has moved to form a political action committee to

Phoenix Gold Expands Drill Program Next to Newmont Gold Mine

Mineralization Encountered Exceeded PXA’s Expectations-   According to the International Monetary Fund (IMF), Moscow’s 2014 gold buying increased from 5 tonnes in the first three months of the year to 55 tonnes by June of 2014.  The

The next hot sector

Monday a popular topic with various analysts, newsletter writers and traders was gold Miners. It seems that a lot of market participants are paying attention to this asset right now, so I thought I would take a

Ecuador Rising: Dawn of a New Gold Rush

EGX Develops 8 Million Ounce Gold Deposit - The Ecuadorian government has announced plans to abolish the windfall tax which torpedoed Kinross Gold’s Fruta del Norte gold project. Ecuadorian President, Rafael Correa, recently stated on national radio

Crude rally to come?

Trading position (short-term; our opinion): In our opinion no positions are justified from the risk/reward perspective. On Friday, crude oil gained 1.82% as news of escalating tensions in Ukraine outweighed mixed U.S. economic data. Because of these

First Daily Silver Price Set After 117-Year-Old London Fix Ends

The LBMA Silver Price, set through an electronic, auction- based mechanism, settled after four rounds of negotiations at $19.86 an ounce shortly after noon today, exactly where it ended at yesterday’s final fixing. HSBC Holdings Plc, Bank

Gold and Silver Miners that Can Make Money Now

As much as we’d all like significantly higher silver and gold prices, Chris Thompson of Raymond James doesn’t expect them. The good news, he argues, is that the relative stability now characterizing the market permits investors to

South African Refinery Loses Chunk of Gold the Size of a Microwave

Starcore’s Petty Cash Swells to $10 million – New Inventory software revealed that South Africa’s Rand Refinery is missing 87,000 oz. of gold worth $114 million at today’s prices. The lost chunk is the size of a

Energy Report: Looking for the next big thing?

For Jason Sawatzky, the word is “oilfield services.” They are not glamorous, but they are necessary, and Canada’s explorers and producers need oilfield services as they prepare to fill pipelines with natural gas to be liquefied and

Jewelry makes a comeback?

The Gem and Jewellery Export Promotion Council (GJEPC) has signed an agreement with global consultancy major-Accenture in a bid to revitalize the sinking jewellery exports through the country’s six Special Economic Zones (SEZs). The firm is being