Gold Retouches Week's Highs as Dollar Loses to Oil, Euros, Soybeans & Copper; Dow Hits Technical Bear Market
By Adrian Ash Bullion Vault
Friday, July 4th 2008
The price of spot gold recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.
Mag Industries: Potash, Magnesium, Hydro and Pulp
By James West
Tuesday, July 2, 2008
Mag Industries (TSX Venture: MAA) is probably one of the most unconventional emerging companies ever launched in the history of the TSX Venture. With four business units having such diverse focuses as potash exploration and development, magnesium mining, pulp log production and hydro electric power generation, one might conclude that management is chasing every rainbow it sees.
Gold Spikes into US Opening as Crude Oil Rises, Euro Stocks Slide; Inflation Risks Now "Unabated"
By Adrian Ash Bullion Vault
Wednesday, June 18, 2008
The price of spot gold spiked into the US open on Wednesday, moving 2% above yesterday's low as world stock markets fell and crude oil ticked back above $134 per barrel.
Tax rebate cheques weigh in — U.S. retail sales surge
By Robert Hogue
Senior Economist
RBC Economics Research
Thursday, June 12, 2008
U.S. retail sales came in stronger than anticipated in May, rising 1%, double market expectations. The good news went even further back as growth in April sales were revised higher to 0.4% from an originally reported -0.2%.
Potash One Target Price of $8.80 Issued by GMP Securities
By James West
Wednesday, June 11, 2008
GMP Securities, one of Canada’s most widely respected investment banks issued a 31 page buy recommendation on Potash One (TSX.V:KCL) yesterday, suggesting a target price of $8.80 per share, a premium of 125% to yesterday’s close of $3.90.
Pennant flow-tests well at maximum rates
By James West
Tuesday, June 10, 2008
Pennant Energy Inc.(TSX.V-PEN) announced that its partner Highpine Oil & Gas Limited, (TSE - HPX) advises initial completion and production testing operations of the well "Highpine et al Pembina 102/16-29-048-08W5/00" have been completed.
Puget Ventures Launches Exploration, Hires Advisors
By James West
Monday, June 09, 2008
Puget Ventures (TSX:PVS) joined the ranks of Canadian Exploration companies focused on base metals in politically stable jurisdictions when it commenced trading on the TSX Venture exchange last month. The company launched itself with the Trout Bay joint venture project with Goldcorp (TSX:G).
Gold "Ends Corrective Phase" as Asia Looks to Tackle Inflation; Western Central Banks Still Just Talking Tough
By Adrian Ash Bullion Vault
Monday, June 09, 2008
The price of spot gold rose sharply at the London opening on Monday, starting the week $20 per ounce above last Monday's start as crude oil dipped from its new all-time highs.
Potash North Rises 670% on First Day of Trading
By James West
Thursday, June 05, 2008
New TSX Venture issuer Potash North Corp. (TSX.V:PON) put on nearly $40 million in value Wednesday with the debut of its shares. The company acquired a 185,000-acre land position in Saskatchewan’s potash belt 20 km away from Mosaic’s (NYSE:MOS) and Potash Corp.’s (TSX:POT)_Esterhazy operations, and 45 kilometres north of Potash Corp.’s Rocanville Mine.
New Potash Deal Starts Trading Today
By James West
Wednesday, June 4, 2008
A much anticipated new potash company commenced trading on the TSX Venture exchange today. Potash North Corporation (TSX.V:PON) was previously named Timer Explorations Inc (TSX.V:TES) and was an inactive exploration company.
Lehman Brothers Collapse?
By James West
Tuesday, June 3, 2008
Lehman Brothers Holdings Inc (NYSE:LEH) shares continue to hemorrhage in value as losses mount from exposure to “very large, illiquid assets”. The fourth largest securities firm is expected to announce an equity sale to raise up to $4 Billion to replenish its supply of capital. And there is increasing speculation that the company could go the way of Bear Stearns.
Falcon Oil and Gas Set to Soar with Exxon Mobil’s Lift
By James West
Tuesday, June 3, 2008
Investors who have been holding Falcon Oil and Gas (TSX.V:FO) have had the pleasure of enduring the equivalent of a roller coaster ride that doesn’t stop. Through ups and downs, (but mostly downs), both institutional and individual shareholders have enjoyed a high of as much as $7.00 a share and as low as $0.28.
By James West
Wednesday, June 4th, 2008
The third phase of the “mortgage meltdown” or “real estate bubble” or “credit crunch”, or whatever you prefer to think of it is, will be nothing short of a re-ordering of the financial universe. We will one day (hopefully) look back on this time and shake our heads in awe at the depression-era hardships many are on the verge of suffering.
James West discusses political risk on BNN Next Appearance: June 11th, 8:30 a.m. Pacific on SmallCaps
Scratch Oil For Now – Gold and Alternative Energies Will Outperform Near-term
By James West
Thursday, May 29th, 2008
Our over-saturated information world has immunized us to the most pressing problems we face as a species. The price of oil, for instance, is no longer interesting, even though it sets records weekly, simply because it has been doing so for the better part of a year, and so that news becomes uninteresting through sheer ubiquity.
Gold, Oil, Potash and Food: Top Investments This Decade
By James West
Wednesday, May 14th, 2008
Last week I wrote a piece forecasting $200 a barrel oil and $2,000 an ounce gold, and I gotta say, I’ve never seen that amount of mail generated by a single article in all my years as a writer. The top concern of the correspondents was, “How do I invest to protect against and capitalize on this eventual reality?”
$200 Oil, $2,000 Gold
By James West
Thursday, May 24 2008
The numbers in the title of this article look absolutely shocking side-by-side, even though there is plenty of evidence to suggest that even those numbers are merely rest stops on a chart with a perpetual sky-reaching tilt.
Gold and Commodities Demand Internet Driven
By James West
Monday, April 21, 2008
If I were to suggest that the Gold and Commodities Boom owes its current robust constitution to the Internet, the image of a horse's posterior might pop into your head. But bear with me, and see if you can't be convinced.
Sonora State: Mexico's Carlin?
By James West
Monday, April 14, 2008
Mexico is the world's second largest silver producer, and ranks 11th in terms of global copper production. The country's biggest gold mine, La Herradura in Sonora state is owned and operated as a joint venture between Newmont Mining (NYSE:NEM) and Mexican mining conglomerate Industrias Penoles.
Colossus is a real sleeper that has the potential to become a household word overnight. The reason is simple: Serra Pelada. The picture below tells the story. Core from drilling completed last month is now at the lab, and if the results continue to demonstrate rich mineralization over long intercepts with good continuity between holes, the stock could easily take off in a northerly direction. With the vast amount of data available to the company, feasibility is scheduled to get under way in 2010.
Helio 's project generator model is starting to yield results, both in terms of attracting other juniors as joint venture partners, and on the strong results coming from its flagship SMP property in Tanzania.
The demand for potash is growing steadily in the face of increasing global population and a looming food crisis. The explosive growth in China and India, and the coincident increase in food requirements has made net importers out of nations that once were self-sufficient in terms of food supply. This has put increased pressure on farmers to max out yields through optimized fertilization programs. Potash is the source of Potassium in the NPK (Nitorgen- Phosphate Potassium- triplet of fertilizer designations.)
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