Month: December 2017

Gold cracks $1300 to finish year up 12.5%

Gold cracks $1300 to finish year up 12.5% Best performance since 2010 Andrew Topf | Dec. 29, 2017, 11:13 AM | | Gold bulls have something to cheer about today even before the champagne corks fly on Sunday night. In...

/ December 30, 2017

West Virginia coal miner killed in dozer accident

CSX 5116 and 5113 (both AC4400CW’s) lead a train of empty coal hoppers westbound near Handley, WV. Image by jpmueller99 via Flickr Creative Commons license A coal miner in West Virginia has died following an accident at a mine owned...

/ December 30, 2017

10 charts that show why gold is undervalued right now

With the year quickly coming to a close, it might be time to start thinking about rebalancing the gold holdings in your portfolio. That includes bullion, jewelry, gold stocks and well-managed gold funds—all of which I recommend giving a collective...

/ December 30, 2017

The one sector you want to own in 2018 (and 3 sectors to avoid)

Earlier in the week I wrote about one of my main themes for 2018, a rising inflation/interest rate environment. In this post I will lay out which sector I believe will do well against a backdrop of rising inflation and rising...

/ December 30, 2017

Silver-lead-zinc-mine to re-open in New South Wales

One of 12 sandstone sculptures in the Living Desert Reserve, Broken Hill, NSW, Australia. Image by Craig Gibson via Flickr Creative Commons license.  The town of Broken Hill, New South Wales, will have something to shout about in the new year....

/ December 30, 2017

Fukushima operator can restart nuclear reactors at world's biggest plant

The operator of Japan’s stricken Fukushima Daiichi nuclear power plant has been given initial approval to restart reactors at another atomic facility, marking the first step towards the firm’s return to nuclear power generation more than six years after the March...

/ December 30, 2017

Renewables generated triple the power of coal in 2017, UK figures show

British wind farms generated more electricity than coal plants on more than 75% of days this year, an analysis of energy figures has shown. Solar also outperformed coal more than half the time, the data provided by website MyGridGB revealed....

/ December 29, 2017

Venezuela backs its new cryptocurrency with 5 billion barrels of crude

Venezuelan President Maduro shocked the market in early December when he followed China’s ‘petro-yuan’ futures announcement by making headlines of himself proclaiming a new national cryptocurrency – the ‘Petro’ – to overcome The West’s “financial blockade.” Today he followed up by confirming “every single Petro will be backed...

/ December 29, 2017

On hold since 2015, oil sands project to pump at 10,000 bopd

New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray. The Calgary-based arm of South Korean state-owned Korea National Oil Corp announced on Dec. 21...

/ December 29, 2017

Aussie penny gold stock jumps nearly 30% on drill results

Australian gold investors got a lift on Wednesday after Empire Resources (ASX:ERL) came out with some impressive new drill results at its Penny’s Find gold mine. The stock leapt 29.4% in morning trading to AUD$.022 after Western Australia-based Empire announced...

/ December 29, 2017

Osisko Metals pays $34 million for NWT lead-zinc mine

The town of Hay River, in the northern Canadian Northwest Territories, could soon have a nearby mine operating again, thanks to a deal between mining companies reached earlier this month. Osisko Metals (TSXV:OM), an exploration company significantly held by Osisko Mining (TSX:OSK) and Osisko Gold...

/ December 29, 2017

Silver goes first, gold goes second: 2018 outperformers

For the second year in a row, people -and commodity analysts such as those at TD Securities and the Bank of Montreal- are being bullish on silver. This is according to a survey conducted by precious metals retailer Kitco among...

/ December 28, 2017