Day: September 12, 2017

OPEC’s slow August leads to oil price bump

(FinancialPress)—For the second straight day, oil prices received a boost, on news of the latest OPEC report’s revelation that the cartel’s oil production fell last month. The monthly report, released Tuesday morning by the Organization of the Petroleum Exporting Companies (‘OPEC’), stated that August output feel by 79,000 barrels per day, down to 32.76 million barrels per day. Following a summer that saw production inexplicably rise, amidst Saudi Arabia’s mulling over of a possible production-cut extension, the report quelled some fears over whether the stated production cut was in fact working. The report puts much of the blame on reduced output from Libya, Gabon, Venezuela, and Iraq in particular. In the case of Libya, which was exempt from last year’s deal, production had been rising s...

Deep Discount: Nevada’s Most Undervalued Gold Resources

(USA News Group)— Gold prices have stayed above the $1,300/oz threshold for nearly three weeks now, but the market appears to be still asleep at the wheel on gold miner stocks. Miners in the gold-laden deserts of Nevada are especially getting a raw deal from the market. The state is not only very prolific, but it is also safe, stable, and historically successful. In 2015, Nevada produced 5,339,659 troy ounces of gold, worth approximately $6.194 billion, representing 78% of all US gold production, and 5.4% of the world’s production. So, it’s a real headscratcher when you look at the deep discounts the market are giving to the state’s gold ounces that are still in the ground. Nevada knows how to pull gold from the dirt. BULLFROG CASE STUDY The case of Bullfrog Gold Corp. (OTC:BFGC)  is...