The firm isn't overly optimistic about either precious metal, but does see some potential upside. The firm's 2015 gold price estimate sits at $1,185, while silver it sees at $17.30.
An agreement announced Wednesday with Orion Mine Finance has brought Red Eagle's goal of funding activities at San Ramon even closer. The company revealed that day a US$65-million construction financing that includes a private placement of common shares, as well as a $60-million credit facility.
The company announced Wednesday a 34-percent increase in ore reserves at the project.
Chair Mary Jo White revealed Tuesday that the SEC has spent a whopping $2.75 million to write, implement and defend itself against legal challenges related to the conflict minerals rule.
Crude oil is about to give use an opportunity we will not see again for years.
The copper price has started to bounce back from its drastic fall at the start of the year, climbing more than 6 percent over the past month. However, Morgan Stanley has cut its 2015 price forecast for the metal by roughly 16 percent, to $5,945 per tonne, on the back of lackluster demand from China.
On Monday, Integra released initial results from a 50,000-meter winter drill program at its Quebec project, extending mineralization at the deposit by as much as 330 meters.
Negotiations between Iran and the P5+1 are creating anxiety for oil market participants. A deal is supposed to be reached between the parties by March 31, and some are worried it could lead a flood of oil to enter the already struggling marketplace.
Gold and silver equities both down a bit. No changes in either GLD or SLV. Another sales report from the U.S. Mint---and decent in/out movement in both gold and silver at the COMEX-approved depositories on Monday. JPMorgan takes delivery of more silver in its proprietary trading account.
The new fracking rules unveiled by the US federal government last week have already caused quite a stir. Two industry groups reportedly filed a lawsuit within minutes of the announcement.
Robert Alderman, head of wealth management for GBI, says gold prices have potential to rally as central banks continue to ease and with a potential supply shortage on the table.
The Federal Reserve's recent dovish statements along with quantitative easing programs in Europe and Japan offer a strong case for gold, said Robert Alderman, Head of Wealth Management for GBI.
It isn't every day that rare earths are featured in the mainstream media, but this week they made an appearance on "60 Minutes." The rare earths sector was on the rise on Monday following the report, which looked at the rise of China's dominance in the industry and the importance of rare earths in modern technology.
Silver and gold equities rise again. No change in GLD, but another 1.43 million ounces of silver withdrawn from SLV. More silver eagles sales at the U.S. Mint. No gold activity at the COMEX-approved depositories on Friday, but another 1.1 million ounces moved in and out in silver.
Mercenary Geologist Mickey Fulp wasn't able to make it to PDAC this year, but that doesn't mean he wasn't watching what went on at the conference. In this video, Fulp delivers interesting information about the finances of some companies in attendance, also touching on issues currently plaguing many major gold miners.
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