VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Endeavour Silver Corp. (NYSE:EXK)(TSX:EDR) announces that exploration drilling at the San Sebastián project in Jalisco State, Mexico continues to intersect high grade, silver-gold mineralization in the Terronera vein system. The main mineralized zone now extends over 1,400 metres (m) in length, still wide open along strike and to some extent down dip. Drilling highlights to date this year from the Terronera vein include 126 grams per tonne (gpt) silver
Continue reading "Endeavour Silver Drilling Continues to Intersect High Grade Silver-Gold Mineralization in Terronera Vein at San Sebastian Project, Jalisco, Mexico" »
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI)(BVLAC:FVI)(FRANKFURT:F4S) is pleased to announce an updated Mineral Resource estimate as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. Included in the San Jose mineral resources is an updated estimate of the Mineral Resource for the Trinidad North discovery based on the completion of forty-one additional step-out and twelve infill drill holes in the Trinidad North area. Highlights of Mineral
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Leslie Shaffer reports for CNBC. Market-watchers are parsing the Federal Reserves every word for clues about where bond yields are headed, but the European Central Bank (ECB) may be in the drivers seat. Monetary policy development in the euro zone remains a critical factor in projecting the forward path of global long-term bond yields, especially since quantitative easing appears forthcoming, DBS said in a note Wednesday. It noted that global 10-year government bond yields have largely trended
Continue reading "CNBC - This central bank may be calling bond yields for now" »
Please support GATA and consider the message contained in the link just below. Thank you. State Department agrees to try looking for gold records again... GATA http://www.gata.org/node/14375
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Alisdair Macleod writes for GoldMoney.com. He begins:There will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This will increase the population of SCO members to an estimated 3.05 billion. We should care about this because it is the intention of the SCO to do away with the US dollar for trade settlement.
Continue reading "Macleod - SCO and Mackinder’s Prophecy" »
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - ATAC Resources Ltd. (ATAC) (TSX VENTURE:ATC) is pleased to announce initial results from its ongoing 2014 exploration program. The following results are from drilling and surface work at the Conrad, Sunrise and Anubis Zones, all located within the Nadaleen Trend at the eastern end of ATACs 100% owned 1,700 sq/km Rackla Gold Project in central Yukon.
Continue reading "ATAC Resources Intersects 30.79 m of 9.50 g/t Gold at Conrad, Rackla Gold Project-Yukon" »
VANCOUVER, BRITISH COLUMBIA, Aug 26, 2014 (Marketwired via COMTEX) -- Columbus Gold Corporation (CGT) (Columbus Gold) is pleased to report that a third drill rig has arrived in French Guiana and cleared customs. The rig is being mobilized to Columbus Golds Montagne dOr gold deposit, Paul Isnard Project, and is expected to commence operating on a 24 hour basis in due course. There are approximately 15,000 metres remaining in the current Phase II program, which on deployment
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Production of Flotation Concentrate commenced at Yellow Giant - Gold Recovery currently estimated at +90%. - Current mill throughput at 100tpd with plans to increase to 200tpd over coming weeks...
Continue reading "Banks Island Gold Ltd. Provides Update on Commissioning of Grinding and Flotation Circuits " »
Vancouver, British Columbia, August 26, 2014 -- Asanko Gold Inc. (Asanko or the Company) (TSX, NYSE MKT: AKG) announces that it has entered into a settlement agreement (Agreement) with a private Ghanaian company, Goknet Mining Company (Goknet), to eliminate Goknets claim for a 2% net smelter return (NSR) royalty on Phase 1 of the Companys flagship Asanko Gold Mine Project (AGM or the Project).
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Terry WadeandAnna Driverwriting for Reuters: Aug 25 (Reuters) - A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdishcrude oilfrom a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.
Continue reading "UPDATE 1-U.S. court scraps order to seize Kurdish crude from tanker near Texas" »
Up One More Notch on the Bid for Millrock, as shown,(until we max out on shares). Sellers have dried up and shares have become a little more precious.
Continue reading "Up One More Notch on the Bid for Millrock" »
A large freaky seller shows on GoldQuest (GQC.V) and ends up selling into our $0.20 stinker this Monday. So far the seller has dumped 341K shares as of 15:30 through Anon, House 001. We took our share of the spoils as shown. Of course everyone should study the issues carefully and decide for themselves if they even want a piece of GQC!
Continue reading "Kamikaze Seller on Goldquest hits our Stinker Bid " »
Alex Létourneau reports for Kitco News. On a recent site visit to Pretivm Resources Inc.’s (TSX:PVG) Brucejack project in British Columbia, analysts from Canadian bank CIBC say they liked what they saw and that estimates are in line with Pretivm’s reporting. “Overall, we came away confident from the trip from the standpoint that the underground review of veining and mineralization appeared to largely confirm the interpretations made by Pretivm in its resource/reserve estimates,” they say.
Continue reading "CIBC Confirms Pretivm's Resources, Reserves Estimates At Brucejack" »
(Another hopeful drug company working on a drug for the relief of OA. Whereas Intermune is victorious today, Ampion has stubbed its toe with botched shipping of the drug used in a trial. It calls to mind the opening of the old TV showABCs Wide World of Sports ... The Thrill of Victory ... and the Agony of Defeat.) Ampio Pharma (NYSE: AMPE) is issuing this response to the most commonly asked questions in regards to the
Continue reading "Ampio Pharma (AMPE) Addresses Common Concerns of STEP Study, Ampion Plans" »
Low Initial Capital of $69 Million and Low Operating Costs Generate Exceptional Economics Quick Payback of Initial Capital in 3rd Year of Production Estimated Average Annual Production of 55,000 ozs. Gold and 2.8 Million ozs. Silver for 17 Years Estimated Base Case Pre-Tax NPV of US$472.6 Million at a 5% Discount Rate and IRR of 23.2% August 25, 2014 - Paramount Gold and Silver Corp. (NYSE/TSX:PZG) (Frankfurt: P6G WKN:A0HGKQ) (Paramount) announced today the results of a Preliminary
Continue reading "New PEA for Paramount Gold’s San Miguel Project Confirms Robust Combination of Heap Leaching and Milling" »
(Note: Of particular interest to people suffering from Pulmonary Fibrosis or PF, especially Idiopathic Pulmonary Fibrosis or IPF.) Michelle Fay Cortez and Phil Serafino report for Bloomberg.Roche Holding AG (ROG) agreed to buy InterMune Inc. (ITMN) for about $8.3 billion in cash, gaining access to what may be the first drug in the U.S. for a lung disease that can be fatal within five years of diagnosis.
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* Draghi comments raise expectations of more easing * Draghi offsets negative pressure from weak Ifo number * CAC up 0.9 pct in spite of French govt resignation * London stock market closed for public holiday * Euro STOXX 50 up 0.9 pct Sudip Kar-Guptareports for Reuters: LONDON, Aug 25 (Reuters) - European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank enabled the regions stock markets to shrug off weak
Continue reading "European Shares Lifted by Prospect of More ECB Stimulus" »
If we had not already made our gold-for-silver trade for 2014earlier in the year then we would take advantage of the Gold/Silver Ratio (GSR) where it is nowto trade some gold for silver now or soon. See our contemporaneous comments along those lines in the graph itself.
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From the Sydney Morning Herald: Reuters -- The Federal Reserve should move cautiously in deciding when to raise interest rates given the US labour market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike. In a speech at the Feds annual central bank conference, Yellen laid out in detail why she feels the unemployment rate alone is inadequate to evaluate the strength of
Continue reading "Fed's Yellen calls for caution on rates; Draghi says ECB ready to act" »
Michael Pento, Pento Portfolio Strategies, among other things, said: “Few commentators in the U.S. are willing to admit that plunging bond yields are signaling the same thing here as in the rest of the world, which is the inability of massive central bank money printing to engender real growth. These pundits have a myriad of other excuses to explain our low borrowing costs. But my favorite red herring is to attribute the cause of our plunging yields
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Following the announcement by Constantine Metal Resources (CEM.V)of the addition of JOGMEC to the equity funding side, a big plus in our view as it spreads risk and shows confidence by a government organization in the Dowa/CEM efforts at Palmer, we are expecting drill results from the very high grade VMS (volcanogenic massive sulfide) deposit. Remember that the terrain is very challenging so it wont be surprising if they lost some of the holes before they hit
Continue reading "Drill Results Expected for Constantine, We Up the Bid One More Notch for Millrock " »
The Russell 2000 Index of Small Caps is showing signs of a top or at the very least a pause. The signature suggests distribution has been underway since February. The $RUT is a barometer indicator at GGR and one thatwe think bears watching.
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Elsewhere we mentioned that if a squeeze got underway it likely would not be because of the overly large short positions held by Swap Dealers in silver futures. No, if a squeeze develops, it is more likely to be caused by the Swap Dealer positioning in gold futures. Consider the data table below as “Exhibit A”.
Continue reading "If a Precious Metals Squeeze Develops Look to Swap Dealer Gold Positions as a Cause " »
Swap Dealer positioning in silver futures has moderated to the point where a squeeze is no longer likely. See the data table below.
Continue reading "Silver Swap Dealer Short Position Moderates - Squeeze Unlikely Now " »
Koos Jansen writes for BullionStar.com. He begins: Rupee comes from rūpya, a Sanskrit term for silver coin... While silver has been widely used asmoney in history, at the beginning of the 19th centurygold became the dominantmetal in trade. At the end of the 19th century centralbanks erupted around the world and began holding gold in reserve to back their currencies, the international monetary system in this period is known as theclassic gold standard. When the last remnants
Continue reading "Koos Jansen - India Imports 2559 MT Silver In 5 Months" »
ECBs Mario Draghi Signals Departure From Austerity Focus. Brian Blackstone reports for the Wall Street Journal. European Central Bank President Mario Draghi on Friday signaled a departure from the austerity-focused mind-set that has dominated economic policy-making in the euro zone since the onset of the regions debt crisis nearly five years ago, as officials struggle with stagnant economies, weak prices and high unemployment. Speaking at the Federal Reserve Bank of Kansas Citys annual conference Jackson Hole, Wyo.,
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Gold has slid during this past week on mounting fears of interest-rate hikes. Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch. They worry gold will be crushed when the Fed eventually starts normalizing rates. But history shatters this fallacy that rising rates are gold’s nemesis.
Continue reading "Hamilton - Gold Rising-Rate Fallacy" »
The kitco set up for the video below reads: Kitco News sits with ForexLives Adam Button following Fed chair Janet Yellen’s speech at Jackson Hole this morning to see what he thinks of her comments. “We were waiting so much, we just wanted one hawkish hint from Yellen,” he says. “And I don’t quite think she got there.” Looking at the gold market, Button says the metal saw a quick whipsaw but may be finally making a
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Antone Gonsalves writes for CSOonline. Experts have a long list of suggestions for retailers to avoid security breaches.The security breach discovered at a few dozen franchises of the UPS Store, a subsidiary of United Parcel Service, provides a number of lessons for other retailers.
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Jeff Wilson, Lydia Mulvany and Megan Durisin write for Bloomberg.The ripening corn and soybean fields stretch for miles in every direction from Dennis Wentworth’s farm in Downs, Illinois. As he marveled at his best-yielding crops ever, he wondered aloud where the heck he’ll put it all.
Continue reading "Too Much Corn With Nowhere to Go as U.S. Sees Record Crop" »