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The Resource Investment Note is a weekly roundup of the natural resources sector with a focus on publicly listed junior/mid-tier mining stocks. Features include industry news, commodity price movements and analysis from prominent guest contributors. Click on the button above to add your details to our mailing list

Featured articles

12

Oct

2017

Independent Investment Research, Sipa Resources ASX:SRI

Written by Mark Gordon, Sipa Resources (ASX: SRI). Please Click to view report.

06

Oct

2017

Metals Focus’ Precious Metals Investment Focus still sees gold averaging $1,400 next year

Written by Lawrie Williams, October 5th 2017, from Lawrie on Gold. I recently attended Metals Focus’ launch of its latest publication on Precious Metals Investment and while its overall conclusions were somewhat mainstream the group’s analysts are looking for the gold price to AVERAGE US$1,400 next year which suggests at times spot prices will go […]

04

Oct

2017

Independent Investment Research, Gold Mountain Limited ASX:GMN

Written by Mark Gordon, Gold Mountain Limited (ASX: GMN). Please Click to view report.

28

Sep

2017

The Structure and Future of Gold in the investment and monetary world.

From Lawrie on Gold, Written By Julian Phillips   This article looks at factors that will affect gold and silver prices as we go forward. We have to -say they are considerable and will lead to our conclusion that while the gold price has fallen through support below $1,300 and now stand at $1,250, we see […]

28

Sep

2017

Independent Investment Research, White Rock Minerals ASX:WRM

Written by Mark Gordon, White Rock Minerals (ASX: WRM). Please Click to view report.

21

Sep

2017

Near-Term Commodity Sector Outlook by Gavin Wendt

Near-Term Commodity Sector Outlook Given recent headlines and speculation with respect to commodity prices, I thought it worthwhile to outline my views on the near-term picture. Overall, I remain very optimistic with respect to metals prices. I remain bullish on commodity prices, although I believe over the very near-term we’re likely to see the potential […]

14

Sep

2017

Palisade Interview with Cameron McRae-Strategic Perspective of Copper in Mongolia

Palisade Radio Interview – Cameron McRae- Business Developer and Strategist. Advisor to Kincora Copper.   Q1 – Cameron, thanks for joining us today from Ulaanbaatar, Mongolia. Cameron you have had a number of executive roles in the copper sector during your previous 28-year career with Rio Tinto. This included your last role, being heavily involved […]

14

Sep

2017

Gold and Bitcoin Surge on North Korea Fears

Article written prior to the sharpish turndown in the gold price after the weekend. By Frank Holmes, CEO and Chief Investment Officer, U.S. Global Investors. September 12, 2017. If you’re familiar with ABC’s popular reality show Shark Tank, you should already be familiar with the concept behind the San Antonio Angel Network (SAAN). Select entrepreneurs and innovators pitch their startup […]

14

Sep

2017

Independent Investment Research, Middle Island Resources ASX:MDI

Written by Mark Gordon, Middle Island Resources (ASX: MDI). Please Click to view report.

07

Sep

2017

Gold will go to $2,000 plus on coming central bank failure – Michael Pento

September 5, 2017, taken from Lawrie on Gold Mike Gleason* of Money Metals Exchange interviews Michael Pento.  Below is a transcript.  However the interview is also available on a YouTube video and if you’d prefer to watch the video here’s a link to it: https://www.youtube.com/watch?v=3QKushYDGH0.  The interview was recorded before North Korea conducted its H-Bomb test on Sunday and […]

07

Sep

2017

Independent Investment Research, Vista Gold Corporation (TSX: VGZ).

Written by Mark Gordon, Vista Gold Corporation (TSX: VGZ). Please Click to view report.

31

Aug

2017

Vanadium – Another Important Battery Option

Written by Gavin Wendt, Minelife. Please Click to view report. In today’s note I’ll provide an overview of vanadium, what it is and the opportunity that presents itself, along with three ASX-listed vanadium equities at various levels of maturity.

31

Aug

2017

Independent Investment Research, Sipa Resources Ltd (ASX: SRI).

Written by Mark Gordon, Sipa Resources Ltd (ASX: SRI). Please Click to view report.

24

Aug

2017

Why the Fed’s Actions are Bullish for Commodity Prices by Gavin Wendt

Commodity prices are rising for a variety of reasons related to both demand and supply-side considerations, however one of the biggest influences I believe the market is currently underestimating is the actions of the US Federal Reserve. I’ll talk more about this in a moment. Let’s firstly take a look at the recent performance of […]

24

Aug

2017

Independent Investment Research, White Rock Minerals (ASX: WRM).

Written by Mark Gordon, White Rock Minerals (ASX: WRM). Please Click to view report.

17

Aug

2017

Resource Sector Momentum Building by Gavin Wendt

Resource Sector Momentum Building Commodity prices have defied pessimism and rallied solidly over recent weeks on the back of improved Chinese economic prospects, stability on the European political front, some degree of acclimatisation to Trump-related volatility in the USA and a weaker US dollar. And all this despite the North Korea-USA stand-off. The rally in […]

17

Aug

2017

Independent Investment Research,Todd River Resources (ASX: TRT).

Written by Mark Gordon, Todd River Resources (ASX: TRT). Please Click to view report.

11

Aug

2017

Bell Potter Analyst Report: Breaker Resources (ASX:BRB).

Written by David Coates, Analyst-Bell Potter. Please click to view full report.

11

Aug

2017

Independent Investment Research, Orion Minerals (ASX: ORN).

Written by Mark Gordon, Orion Minerals (ASX: ORN). Please Click to view report.

03

Aug

2017

Gold consolidates as dollar continues to fall

By Julian D.W. Phillips. Lawrieongold. Gold Today – 2nd August.New York closed yesterday at $1,269.20. London opened at $1,266.75 today.  Overall the dollar was weaker against global currencies, early today. Before London’s opening: –         The $: € was almost unchanged at $1.1832 after the yesterday’s $1.1833: €1. –         The Dollar index was almost unchanged at 92.99 after yesterday’s 92.98. –         The Yen was weaker at 110.78 […]

03

Aug

2017

Independent Investment Research, Metalicity (ASX: MCT).

Written by Mark Gordon, Metalicity (ASX: MCT). Please Click to view report.

27

Jul

2017

Independent Investment Research, Australian Potash Company (ASX: APC).

Written by Mark Gordon, Australian Potash Company (ASX: APC). Please Click to view report.  

27

Jul

2017

Gold – and the Very Large Debt Elephant in the Room

Written By Gavin Wendt Gold – and the Very Large Debt Elephant in the Room Let’s talk once again about the staggering level of international debt. I don’t want to depress you, but financial crises are invariably caused by debt. The Bank of International Settlement (BIS) has recently warned that a new financial crisis is […]

20

Jul

2017

Making Sense of Market Sentiment: Gold – The Fed, Trump and Holidaymakers

By Gavin Wendt Gold’s best friends at present are the US Federal Reserve and Donald Trump. The US dollar is weakening as the opposition of two more Republican senators to the US healthcare bill this week meant the measure is effectively dead in its current form. The broader dollar index has touched a more than […]

20

Jul

2017

Independent Investment Research, Sayona Mining (ASX: SYA)

Written by Mark Gordon, Sayona Mining Limited (ASX: SYA). Please Click to view report.

13

Jul

2017

Making Sense of Market Sentiment, Gold – A Half-time Update

Gold – A Half-time Update. By Gavin Wendt.  Gold and silver have been the quiet achievers in the metals sector so far during 2017. This will come as a surprise to many, given the generally negative tone permeating commentary around the precious metals sector. Despite what you might think, despite apparent US economic strength, rising […]

13

Jul

2017

Independent Investment Research, Lithium Power International (ASX: LPI)

Written by Mark Gordon, Lithium Power International (ASX: LPI). Please Click to view report.

06

Jul

2017

Independent Investment Research, Matsa Resources (ASX: MAS)

Written by Mark Gordon, Matsa Resources (ASX: MAS). Please Click to view report.

06

Jul

2017

Making Sense of Market Sentiment by Gavin Wendt

I’ve attached the Bloomberg graphic below because it indirectly illustrates the major factor that’s impacting sentiment with respect to the domestic resource sector. Iron ore is far and away the biggest earnings driver for Australia’s larger miners – BHP Billiton, Rio Tinto and Fortescue Metals – but as we know prices couldn’t defy gravity forever. […]

29

Jun

2017

Gold recovery continues from Monday’s flash crash

Written by Julian D.W. Phillips  Gold Today –June 28th- New York closed at $1,249.10 yesterday after closing at $1,244.30 Monday.London opened at $1,253.00 today.  Overall the dollar was weaker against global currencies, early today. Before London’s opening: –         The $: € was much weaker at $1.1358 after yesterday’s $1.1256: €1. –         The Dollar index was weaker at 96.36 after yesterday’s 96.97. –         The Yen was weaker at 112.36 after yesterday’s 111.77:$1. –         The Yuan was stronger at 6.8036 after yesterday’s 6.8145: $1. –         The Pound Sterling was stronger at $1.2810 after yesterday’s […]

29

Jun

2017

Independent Investment Research, Mustang Resources (ASX:MUS)

Written by Mark Gordon, Mustang Resources (ASX: MUS). Please Click to view report.

22

Jun

2017

Next strong move in gold could be decisive by Julian D.W. Phillips

Gold Today, 21st June 2017–New York closed at $1,243.50 yesterday after closing at $1,251.5 yesterday. London opened at $1,246.00 today.  Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening: –         The $: € was slightly stronger at $1.1145 after yesterday’s $1.1155: €1. –         The Dollar index was stronger at 97.66 after yesterday’s 97.57. –         The Yen was stronger at 111.14 […]

22

Jun

2017

Independent Investment Research, Kairos Minerals (ASX:KAI)

Written by Mark Gordon, Kairos  Minerals (ASX: KAI). Please Click to view report.

01

Jun

2017

BLANCHARD: Gold and silver still outperforming stocks; Price predictions

From Lawrieongold. Metals surprise by exerting strength as equities remain near record highsSince the U.S. presidential election, the stock market has remained strong, but what has surprised some financial analysts have been that the precious metals complex has been ever stronger, says Blanchard President and CEO David Beahm. “What is notable through the end of […]

01

Jun

2017

Independent Investment Research, Liontown Resources. (ASX:LTR)

Written by Mark Gordon, Liontown Resources (ASX: LTR). Please Click to view report.

26

May

2017

Gold’s Pricing Power Moving East – Part 1

By Julian D.W. Phillips – GoldForecaster.com | SilverForecaster.com | StockBridge Management Alliance How is the gold price made?  Click for link to LAWRIEONGOLD When we hear commentary on why the gold price has moved, we usually hear of U.S. economic or political factors and a move in the U.S. Dollar. Most times these do not precipitate the buying of physical […]

26

May

2017

Independent Investment Research, Hastings Technology Metals Ltd. (ASX:HAS)

Written by Mark Gordon, Hastings Technology Metals (ASX: HAS). Please Click to view report.

19

May

2017

Independent Investment Research, White Cliff Minerals. (ASX:WCN)

Written by Mark Gordon, White Cliff Minerals (ASX: WCN). Please Click to View Report  

19

May

2017

Trump and other Factors Set to Drive Gold Higher

By Gavin Wendt, Minelife. www.minelife.com.au   Major Factors Set to Drive Gold Higher We’ve passed 100 days since Donald Trump’s election to office and markets have reacted in several ways that seem contradictory. Base metals and the dollar index rose strongly based on inflationary expectations, whilst gold and oil initially fell based on deflationary expectations. In […]

05

May

2017

S2 Resources Shifting Focus from Polar Bear to Sweden

By Wally Graham S2 Resources (ASX: S2R) is continuing to make inroads with its exploration programs across its portfolio of both domestic and international projects. S2 Resources owns 100 per cent of the Polar Bear gold project in Western Australia, which covers the southern continuation of the ultramafic stratigraphy that hosts the Kambalda and Widgiemooltha […]

05

May

2017

Independent Investment Research, Thundelarra (ASX: THX)

Written by Mark Gordon, Thundelarra (ASX: THX). Please Click to View Report

27

Apr

2017

Gold falls below support. Indian gold sees strength.

Written by, Julian D.W. Phillips, 27th April 2017.   Gold Today –New York closed at $1,269.50 yesterday after closing at $1,263.80 Tuesday.London opened at $1,264.40 today.  Overall the dollar was weaker against global currencies early today. Before London’s opening: –         The $: € was weaker at $1.0892 after yesterday’s $1.0877: €1. –         The Dollar index was weaker at 99.01 after yesterday’s 99.19. –         The Yen was […]

27

Apr

2017

Independent Investment Research, Sheffield Resources Limited (ASX: SFX).

Written by Mark Gordon, Sheffield Resources Limited (ASX: SFX). Please Click to View Report

20

Apr

2017

Alloy Resources Running Hot Across Two Commodities

By Wally Graham Alloy Resources (ASX: AYR) is keeping two lots of drill rigs busy exploring for two currently hot commodities — gold and cobalt. Drilling has advanced the Horse Well Joint Venture with Doray Minerals (ASX: DRM) (60%): Alloy Resources (40%), located in the Warburton Mineral Field of Western Australia. Last year the JV […]

20

Apr

2017

Who will the winners be as gold and silver push onwards and upwards?

By Alastair Ford Geopolitical uncertainty is supporting gold, but which companies are set to benefit? There are the obvious answers of course – Goldcorp Inc (TSE:G), Barrick Gold Corp (TSE:ABX), B2Gold (TSE:BTO) and established mid-tiers like Eldorado (TSE:ELD) and Osisko (TSE:OSK). But with their size and scale, the gains these companies are likely to book […]

13

Apr

2017

America versus Russia – it is game on in Syria

The gold price reacts appropriately The world became a little more edgy last week when the US President showed more resolve than his predecessor. The attack on the Syrian air base would have pleased those Americans who want to regain international respect for their nation’s prowess, tired as they are of the world’s most powerful […]

13

Apr

2017

Rox Resources Ready to Grow, Ready to Drill

By Wally Graham. Rox Resources (ASX: RXL) is like a kid anticipating Christmas as it waits to receive a $20.6 million cash and receivables package for the sale of the company’s Reward zinc project in the Northern Territory. Rox Resources signed the definitive Sale and Purchase Agreement with Teck Australia Pty Ltd in January, divesting its […]

06

Apr

2017

Gold Road Resources Gets Back to Exploration Basics in 2017

By Wally Graham Gold Road Resources is proving that although time is, by nature, an abstract concept, it is also a valuable commodity and the more you have on your side the better. Gold Road Resources (ASX: GOR) struck the 50:50 Gruyere Joint Venture (GJV) deal in 2016 with an Australian arm of international gold […]

22

Mar

2017

Cassini Resources Hitches Prospects to One Tree Hill

By Wally Graham, Resources Roadhouse. One drill hole at One Tree Hill has strengthened Cassini Resources’ (ASX: CZI) belief in the exploration upside remaining in the company’s West Musgrave project in Western Australia. The West Musgrave project (WMP) is subject to an Earn-in/ Joint Venture Agreement between Cassini Resources and OZ Minerals (ASX: OZL). OZ Minerals […]

22

Mar

2017

Multiple Factors Driving Copper’s Price Resurgence

Multiple Factors Driving Copper’s Price Resurgence By Gavin Wendt, Minelife.  www.minelife.com.au This time last year copper was in serious trouble, hitting its lowest level since 2009. What then followed was a period of consolidation until the US presidential election in November last year, when prices lifted to 18-month highs on the back of Donald Trump’s […]

15

Mar

2017

Fertiliser Production Vital to Keep Food on Global Tables

The obesity epidemic sweeping western society hides a far more alarming reality, which is simply that the world is running out of food. By Wally Graham, Roadhouse Resources.  The reason for the impending shortage, however, does not rest at the unseen feet of our corpulent compatriots, it’s just that the world population is growing at increasing […]

08

Mar

2017

Cobalt: The ultimate in Blue Sky Mining

By Wally Graham. When Georg Brandt discovered cobalt back in 1735, he probably had very little idea of the importance of his find to the global population three centuries later.  Although Brandt was credited with the discovery of cobalt, it seems the Egyptians knew about it well before batteries were on the agenda, using it to […]

08

Mar

2017

The Burgeoning Uranium Renaissance

Written by Gavin Wendt, Mine Life. For the first time in a long while, I now believe that there’s a significant opportunity for investors to generate profits in the uranium equity sector. Interest in uranium equities should therefore begin to blossom during 2017, although the market’s focus is currently on other star-performers in the commodity […]

01

Mar

2017

Volatility at low levels as BHP and RIO deliver on profits from coal and iron ore; cobalt still strong

By Warwick Grigor, Far East Capital. Volatility is low in a smooth sailing market Notwithstanding the uncertainty that President Trump is causing in the eyes of many, the markets have once again sailed into smooth waters. The Dow keeps nudging higher on intra-day trading, the gold price is holding levels and even improving, other commodity […]

01

Mar

2017

Impact Minerals ready for more drilling success in 2017

By Wally Graham, Resources Roadhouse. Impact Minerals (ASX: IPT) closed 2016 with a cliff-hanging conclusion to a drilling program on the Silica Hill gold-silver discovery within the company’s 100 per cent-owned Commonwealth gold-silver-base metal project. The Commonwealth project comprises three 100 per cent-owned exploration licences covering about 315 square kilometres of the highly-prospective Lachlan Fold […]

23

Feb

2017

Gold price measuring the value of currencies – not vice versa

Written by Julian D.W. Phillips via Lawrie on Gold Gold Today –New York closed at $1,236.30 on the 21st February after closing at $1,239.00 on the 20th February. London opened at $1,235.00 today.  Overall the dollar was stronger against global currencies early today. Before London’s opening: –         The $: € was stronger at $1.0505: €1 from $1.0558: €1 on yesterday. […]

23

Feb

2017

121 Conference now taking main stage

By Duncan Hughes, Somers and Partners. Indaba is over for another year. It was a good one this year, admittedly it’s hard not to enjoy February in Cape Town. Whilst some things remain the same (the usual mark-up on hotels, late nights in Camps Bay, sunburnt northern hemisphere brokers), this year was also slightly different […]

14

Feb

2017

Cobalt deals are starting to surface, and so is the analysis

By Warwick Grigor, Far East Capital. As the market gave up more ground at the beginning of the week the gold price sailed higher, taking it almost back to the levels it was trading at prior to Trump being elected. Politics continues to have the biggest impact on sentiment at the moment rather than economics. […]

14

Feb

2017

Gold moving with the Euro

By  Julian D.W. Phillips via Lawrie on Gold. Gold Today –New York closed at $1,234.00 on the 10th February after closing at $1,231.50 on the 9th February. London opened at $1,230.00 today.  Overall the dollar was weaker against global currencies early today. Before London’s opening: –         The $: € was weaker at $1.0653: €1 from $1.0639: €1 on Friday. –         The Dollar index was […]

24

Jan

2017

A clear buy signal on the charts; FGR deals on supercapacity battery

By Warwick Grigor, Far East Capital While the All Ords came back, as we suggested that it was likely to do, there were some good signs last week. Many charts are breaking downtrends We have had a clear buy signal on the charts with many of them breaching downtrends that have been in play for […]

24

Jan

2017

Mining hits new highs, as world awaits Trump

By Alastair Ford, Proactive Investors According to measures used by Liberum, the mining sector hit a 52-week high this week. Who knew that with all the uncertainty surrounding Donald Trump’s election, the market would be long on the fundamental building blocks of the global economy, raw materials? But long the market is, and it’s easy […]

17

Jan

2017

Lithium in 2017: Quacking Ducks, Execution, and Continuation of the Secular Bull

By Chris Berry, Founder, House Mountain Partners There is a famous phrase in resource investing: “When the ducks are quacking, you feed them.” The “ducks”, of course are the investment community and the “feeders” here are the companies with shares for sale. In 2016, the ducks quacked loud and continually for lithium, and rightfully so. […]

17

Jan

2017

A bull market is declared as uranium stocks go ballistic

By Warwick Grigor, Far East Capital At the beginning of the week the newspapers told us that we are officially in a bull market, but what does that really mean? Is it a signal to go out and buy, or is it a commentary on what we have already done? The All Ords has risen […]

10

Jan

2017

China Begins Graphite Overhaul

By Simon Moores, Managing Director, Benchmark Mineral Intelligence China has begun an overhaul of its graphite industry by removing an export tax on flake graphite and introducing a pollution levy that will become law. China’s Ministry of Commerce announced in late-December that it was to remove a 20% duty on natural graphite exports from 2017 […]

10

Jan

2017

Gold sector is on the verge of a breakout as the leading indices provide a positive backdrop

By Warwick Grigor, Far East Capital In the quiet period between Christmas and into the New Year the market has been quite strong but volumes have been thin. There is always the temptation to touch up prices at the close of the calendar year, and this is better facilitated through the absence of sellers as […]

13

Dec

2016

With gold little is as it seems

By Lawrie Williams, Founder, LawrieOnGold.com The longer I have been associated with the gold mining sector – over 50 years since I worked as a junior mining engineer on what was then one of the world’s oldest and largest major gold mines – the more I recognise that the gold price itself frequently defies all […]

13

Dec

2016

Is the glass half full or empty after what has been a good year for commodity prices?

By Warwick Grigor, Far East Capital As we approach Christmas and the usual slowdown the best thing we can say about the market is that its rather dull. The Dow keeps rising to new highs on the prospects of a President that is more business friendly. The All Ordinaries is struggling to find upward momentum […]

06

Dec

2016

Looking beyond batteries to something much more elegant – supercapacitors and why they could be much better

By Warwick Grigor, Far East Capital We have an orderly market The news that we have just had the best November on the ASX in 11 years is probably falling on deaf ears if you have been in the junior end of the market. Nevertheless, the stronger general stock market evidence is that life has […]

06

Dec

2016

Why a Trump Presidency Could Be Great News for Gold

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The gold price reaction in the wake of the Trump presidential victory has been bewildering. The so-called expert consensus that predicted a price surge to $1500 in a post-Trump world has evaporated and now been replaced with dire price predictions of a fall to $1,050. […]

29

Nov

2016

Gold, Trump and the Federal Reserve

By Alastair Ford, Proactive Investors Gold is back below US$1,200 for the first time in nine months, as the US dollar soars away against virtually every other currency in the world. Two factors are driving the dollar strength and the corresponding weakness in gold. The first is the long-anticipated rise in interest rates that’s likely […]

28

Nov

2016

Leading resource stocks are being bought by institutions

By Warwick Grigor, Far East Capital We are seeing a market that is continuing to embrace resource stocks at the big end, offering further evidence that we have moved into the next cycle. That means that institutional money is flowing into the leaders in anticipation of growth and infrastructure spending that will boost demand for […]

15

Nov

2016

Will a businessman be better than a career politician?

By Warwick Grigor, Far East Capital The skittishness of the markets was shown when the Dow futures fell by 800 points whilst the Australian market fell by more than 2% in a knee-jerk reaction to the news that Trump had won the election, but the next day when New York opened the market was very […]

15

Nov

2016

Remembering the Forgotten Class

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Like the Brexit result, it’s remarkable that markets were so unprepared for the US election outcome, given the closeness of the polling right the way through the campaign, especially in the closing stages. The US election also seems to have involved the same motivating factors […]

08

Nov

2016

A Trump victory would challenge the ascendancy of market economics, at least superficially

By Alastair Ford, Proactive Investors It’s now only a matter of days, not weeks, until we’ll know whether the Free World is to be ruled by a second President Clinton or a first Donald Trump. That this is going to have a profound effect on markets has never been in doubt. The Dow and the […]

08

Nov

2016

Do DRC Politics Spell Further Price Rises for Colbalt? Why December 19 is a Date to Mark…

By Simon Moores, Managing Director, Benchmark Mineral Intelligence Political rumblings in the DRC may have a major impact on the price of cobalt. It has been well documented that Joseph Kabila, the country’s president, is trying to make changes to the constitution to allow him to run for a third term. The Bureau d’Études, de […]

01

Nov

2016

The advent of Donald Trump has made gold more attractive, whether he wins or not

By Alastair Ford, Proactive Investors Will things ever be the same again? If the question seems as well a worn a cliché as any you’ll ever get, consider the two possible outcomes of the US election, which is now only a matter of a week or two away. First, Hillary Clinton wins. Good for the […]

01

Nov

2016

Coal has replaced gold as the hottest sector

By Warwick Grigor, Far East Capital Lack of action is winning at present No-one seems to be in a hurry to do anything just now. Normally, at this time of the year, the markets are quite active. The northern hemisphere summer holidays are over and it should be back to business as normal but it […]

11

Oct

2016

Gold down, dollar up, pound swinging wildly

By Alastair Ford, Proactive Investors It became apparent this week that the skill of hanging on by the seat of your pants is just as necessary in an up-cycle as in a down. It was week in which gold plunged, sterling plunged and the dollar soared. It was a week of strong manufacturing data across […]

11

Oct

2016

Gold Buying Opportunity as World Financial Market Volatility Remains

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife We’ve consistently stated that along with gold’s strong run so far in 2016, any period of price weakness should be viewed as a buying opportunity. We haven’t changed our view in the wake of gold’s 3% price decline last week. For starters, any price weakness […]

04

Oct

2016

Reports of Barrick’s Veladero gold mine re-opening premature

By Lawrie Williams, Founder, LawrieOnGold.com Those who may have been following my articles on Barrick Gold (ABX)’s Veladero mine temporary closure on the Seeking Alpha website – see:  Barrick Gold:, Barrick’s Third Largest Gold Mine Suspended ‘Indefinitely, and Barrick’s Veladero Gold Mine May Be Back Up And Running by end of week  will be aware what a […]

04

Oct

2016

Making money in a sustainable business environment as opposed to a strong growth model

By Warwick Grigor, Far East Capital Working through the charts we see gentle improvement in sentiment. The oil sector in particular looks as if it wants to go higher. Nickel stocks have responded positively to the events in the Philippines. There seems to be enough buying coming back into the market for us to say […]

27

Sep

2016

Fed caution belies a greater weakness in Central Banks, but may free up metals

By Alastair Ford, Proactive Investors Metal prices responded with mild indifference to the Fed’s decision yet again to keep rates on hold. “Thanks to Yellen there’s less metal sellin’,” wrote one commentator. The dollar dropped, a little, and metals gained, a little. Gold did well, although in spite of what CMC Markets called a “huge” […]

27

Sep

2016

Strong Russian gold reserve increases back

By Lawrie Williams, Founder, LawrieOnGold.com In its latest announcement, the Russian Central Bank has stated that its gold reserves rose from 48.4 million ounces to 49.1 million ounces during August. This increase of 700,000 ounces – 21.77 tonnes – is the largest monthly increase this year and brings Russia’s total gold reserve increase so far […]

  • September 27 2016
  • Gold

20

Sep

2016

Gold bears might not have it all their own way if rates rise

By Alastair Ford, Proactive Investors Will rates go up or won’t they? The Fed has been itching to put up rates for months and months now, following the solitary rise it managed to force through at the end of last year. That in turn was the first rise since 2006, and the central banking fraternity […]

20

Sep

2016

Central bankers hate to be seen to be wrong

By Lawrie Williams, Founder, LawrieOnGold.com With so much seeming to ride on central bank interest policies in terms of equities in general, and precious metals in particular, perhaps one should look at the motivations behind the timings of likely interest rate hikes. If we start with the U.S. Fed – nine months ago its Federal […]

13

Sep

2016

Money supply up, gold price up, miners soaring away

By Alastair Ford, Proactive Investors Traditionally, the mining narrative has run thus: a prolonged downturn as the new millennium got underway was followed by a China-driven boom and then a bust, mitigated in its aftershocks by the helpful effects of quantitative easing, which made the dollar worth less and made it appear as though commodities […]

13

Sep

2016

September Fed rate rise spectre knocks gold and stocks – again

By Lawrie Williams, Founder, LawrieOnGold.com You put the Jack back in the box and it then jumps out at you again.  As the September FOMC meeting approaches the fear that the U.S. Fed will make a move towards raising interest rates at that meeting has surfaced yet again and is playing havoc with the markets.  […]

06

Sep

2016

Tungsten companies riding out low prices with confidence

By Alastair Ford, Proactive Investors Almonty’s (CVE:AII) results made for interesting reading this week. Here is a company trading in the toughest of pricing environments, with tungsten at multi-year lows. And yet, not only is Almonty managing to make profits at at least one of its operations, but it’s also expanding, building its Spanish portfolio […]

06

Sep

2016

The Fed Manages to Surpass Sir Humphrey Appleby

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The classic TV series ‘Yes Minister’ and ‘Yes Prime Minister’ were brilliant pieces of satire that remarkably are even more relevant now than when first made during the late 1970s. The observations around Britain’s awkward place within the Common Market were hilarious and probably foresaw […]

30

Aug

2016

By the time you realise that we are in a correction it is often too late to take profits

By Warwick Grigor, Far East Capital If you have been watching the Sentiment Index, and the derivative Sentiment Oscillator, you would have noticed that sentiment has been slipping backward for three, and now four weeks. In reality that means that many of the stocks under coverage have probably dropped by 20-25% from the highs they […]

30

Aug

2016

The Four Key Factors Driving Gold

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The interest rate circus continues – more Fed ‘hints’ and market speculation, with no action. Interest rate aren’t going anywhere in a hurry, as the financial house of cards built on cheap money would rapidly collapse. But there are other reasons beside central banks to […]

23

Aug

2016

Strength and volatility: Andrew McKenzie highlights mining’s difficult juggling act

By Alastair Ford, Proactive Investors On Tuesday – after issuing the biggest corporate loss in its history – BHPBilliton (LON:BLT) was the biggest riser on the FTSE 100. By mid-morning on the day, the shares had leapt by 8% to 1,080p, although they later gave up some of those gains to close out at 1,051p. […]

23

Aug

2016

GLD and the GSR guides to gold and silver price direction?

By Lawrie Williams, Founder, LawrieOnGold.com Where will the gold price be heading once the U.S. institutions and traders get back from their summer breaks in the Hamptons, the Caribbean and elsewhere and the market gets fully back on track after a relatively thin trading market over the peak of the northern summer?  That is the […]

16

Aug

2016

Good markets continue as share issues are being absorbed

By Warwick Grigor, Far East Capital The mining equities markets continued to hold the strongly positive sentiment during the week, with no disrupters spoiling the horizon. We are seeing plenty of companies on the road raising money but that doesn’t seem to be a problem. The market wants more paper and the opportunity to take […]

16

Aug

2016

Momentum in the junior gold space continues to build

By Alastair Ford, Proactive Investors Christopher Hall, the chairman of Stratex International plc (LON:STI) made some interesting comments on the state of the mining equity markets on the release of the company’s six monthly results to June. “Looking back at the first half of 2016 it would appear that the fortunes of smaller exploration and […]

09

Aug

2016

Gold is the Main Driver of Mining Sentiment

By Warwick Grigor, Far East Capital Aussie interest rate games Even though Australia’s economy is performing well relative to most other countries, the Reserve Bank went ahead with a cut in the Australian interest rate. This immediately sent a signal to the market that the economy was looking vulnerable, so the market was sold off […]

09

Aug

2016

Gold

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Momentum in gold continues to be higher. Precious metals are traditionally a haven for capital that seeks safety from uncertain market conditions. Current market circumstances are hugely supportive of gold – reflecting low interest rates, financial uncertainty, escalating debt levels and political upheaval. Gold ended […]

02

Aug

2016

Caterpillar’s results show mining’s recovery still tentative

By Alastair Ford, Proactive Investors How much of a read is the market really giving us about prospects for mining shares over the next couple of years? To be sure, share prices have risen strongly in recent months and any punter able to look at a chart can easily identify the bottom the market as […]

02

Aug

2016

GFMS blows hot and cold on gold

By Lawrie Williams, Founder, LawrieOnGold.com The latest GFMS Gold Survey Update taking Q2 figures into account doesn’t make for particularly positive reading for the gold investor in terms of fundamentals, but nevertheless the consultancy has upped its average gold price forecast for the year from what looks to have been a rather low estimate of […]

26

Jul

2016

The Post-War Political World is Unravelling, but it Might not be all Bad News Economically

By Alastair Ford, Proactive Investors The world is moving on from Brexit now, just about. Theresa May’s been off to see European power-broker Chancellor Merkel and in true European style it’s been agreed that the issue will be kicked down the road, to early 2017 at the very least. Does that mean Brexit won’t now […]

26

Jul

2016

AMG Plans Lithium Entry with $127/tonne Concentrate Production

By Simon Moores, Managing Director, Benchmark Mineral Intelligence Critical mineral specialist Advanced Metallurgical Group N.V. (AMG), has announced plans to build a spodumene processing plant and chemical conversion facility for the production of lithium as a by-product from its Mibra tantalum mine in Brazil. The project – which is scheduled to come online in Q1 2018 at an initial […]

19

Jul

2016

A balanced viewpoint on gold

By Lawrie Williams, Founder, LawrieOnGold.com In terms of gold, and silver, analysis from those ‘expert pundits’ who tend to monopolise the information highway with their self-promotional opinions, usually with an agenda to promote their own subscription websites and newsletters, or their latest books, it seems to be a case of ‘bulls are bulls and bears […]

19

Jul

2016

Mining equities show that markets are rational, even if politicians aren’t

By Alastair Ford, Proactive Investors Time for a quick roll call: Anglo American (LON:AAL), up 15% to 810p since the Brexit vote on June 23rd, Glencore (LON:GLEN) up 17% to 181.9p, RIO Tinto (LON:RIO) up 15% to 2,457p, BHP Billiton (LON:BLT) up 12% to 984p and Antofagasta (LON:ANTO) up 9% to 481p. And over the […]

12

Jul

2016

FOMO alive and well in the gold sector, but what about silver?

By Warwick Grigor, Far East Capital Confirmation of the gold bull market The Metals and Mining Index had a strong breakout on the upside early in the week, notwithstanding the uncertainty regarding the Federal election result. Going through each of the charts it is obvious that gold stocks have been at the vanguard of the […]

12

Jul

2016

Metals in an Early Stage Recovery

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife We are in the midst of what is an embryonic resource sector recovery. It’s still early days of course, but so far during 2016 we’ve seen commodity prices rebound strongly from their early-January lows. Smaller companies are once again able to raise funding for exploration, […]

05

Jul

2016

June Rainfall Eases Processing Problems in China Graphite Hub

By Simon Moores, Managing Director, Benchmark Mineral Intelligence Pressures on the processing capacities of flake graphite producers in Shandong province – the second largest producing region in China – have been eased by rainfall which has improved access to water. A drought in Pingdu county – one of two flake graphite producing areas in China’s […]

05

Jul

2016

Brexit aftermath: metals and miners strengthen, UK weakens

By Alastair Ford, Proactive Investors On the whole, dollar strength is a mixed blessing for miners. A strong dollar in many respects equates to weaker commodity prices, an effect most marked in the AM and PM fix for the gold price, but also apparent elsewhere. And yet, the very fact that commodities are priced in […]

28

Jun

2016

Pound, markets and gold – let’s get Brexit into perspective

By Lawrie Williams, Founder, LawrieOnGold.com Edited and updated article first posted on info.sharpspixley.com on Friday, post the UK’s Brexit referendum vote.  A minor update  taking into account opening  of markets following the weekend. Yes, Brexit has been bad for UK markets, but No it has not been nearly as bad so far as many had […]

28

Jun

2016

Gold Was Rising Long Before Brexit

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Financial markets are in turmoil (and will likely be for weeks and even months) following the Brexit vote. It’s amazing that markets were so unprepared for the outcome, given the closeness of the polling right the way through the campaign. Whilst the result might be […]

21

Jun

2016

Gold, Brexit, and uncertainty all round

By Alastair Ford, Proactive Investors Markets hate uncertainty, as the famous cliché has it. Gold doesn’t though – gold loves uncertainty, or at least gold bulls do. And there’s quite a bit of it about at the moment. There’s the uncertainty around the Fed’s desire to raise rates – stymied recently by poor numbers in […]

21

Jun

2016

Minera IRL now has Board to take company forward

By Lawrie Williams, Founder, LawrieOnGold.com The latest Board changes at Minera IRL, announced by recently appointed chairman Frank O’Kelly, will have erased any lingering ill-feeling resulting from the contentious days when Board control was taken by Daryl Hodges following the untimely death of company founder, Courtney Chamberlain.  For those unfamiliar with events, Hodges was perhaps […]

14

Jun

2016

Is copper on the turn?

By Alastair Ford, Proactive Investors According to research from Bank of America Merrill Lynch, the global copper market is rebalancing. There was a time, a few years ago, when gold and copper were the only two metals that investors were showing any interest in. Then copper fell out of bed too, dropping from US$4.00 per […]

14

Jun

2016

Base Metals – Is the Worst behind Us?

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife I had the opportunity for an on-air interview with Bloomberg TV last Friday morning to discuss my thoughts on the state-of-play in the base metals sector, as well as the prospects for the big miners such as Rio Tinto and BHP Billiton. I’ve utilized my […]

31

May

2016

Making Sense of the Lithium Craze

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife It’s the mining and exploration world’s hottest commodity, with parabolic price rises amid a rush to find new sources of supply. Junior companies are joining the lithium club by the dozen every week. Share price increases are being generated by the simple act of acquiring […]

31

May

2016

Switzerland gold data raises new doubts about London’s gold stocks

By Lawrie Williams, Founder, LawrieOnGold.com Article first published 26/05/2016 on info.sharpspixley.com  – Switzerland exported 79 tonnes of gold to the UK in April following exports of over 40 tonnes in March.  Historically it has been a net importer of gold from the UK. – Does this suggest that the UK’s vaults are running out of […]

24

May

2016

Momentum slowing on US interest rise banter

By Warwick Grigor, Far East Capital Banter concerning renewed likelihood of the US interest rate rising has dominated the markets over the past week. It started with a 2% fall in the gold price as a gut reaction to news flow, with the price continued at the lower levels. There was some slowing of momentum […]

24

May

2016

How should early movers position themselves in the recovering mining market?

By Alastair Ford, Proactive Investors No-one is now disputing that there has been a recovery in commodities markets since the beginning of the year. Gold led the way after hitting a 12 month low of US$1,050 in December. It then subsequently rose by nearly 20% to the current US$1,250 or so. There were strong upward […]

17

May

2016

Total Makes $1.1bn Battery Bid for Foothold in the New Oil

By Simon Moores, Managing Director, Benchmark Mineral Intelligence French oil and gas conglomerate, Total, has made a bid to acquire Saft, the Paris-based battery specialist for $1.1bn. The news, broken by Bloomberg, is the first major foray by a fossil fuel producer into what is emerging as a major new growth industry. Saft is a […]

17

May

2016

A Case of Clear Winners & Losers in the Commodity Space

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The feeling on the street here in Australia is one of growing but cautious optimism, tempered by the fact that we’ve down this path numerous times since the GFC, only for the nascent recovery to peter out. But companies and investors are nevertheless making hay […]

03

May

2016

Macro Strategy Note: The Case For Energy Metals (Revisited)

By Chris Berry, Founder, House Mountain Partners In reading the Berkshire Hathaway annual letter this weekend, I was reminded of a response Charlie Munger gave to an investor on how he tests the validity of his investment thesis. Munger’s response was, “Invert. Always invert.” The meaning here is to consciously take the other side of […]

03

May

2016

Will junior miners shortly be revisiting the Supercycle story?

By Alastair Ford, Proactive Investors Anecdotally, there’s money back in the mining sector. Small companies are doing small raises, and larger companies are doing larger ones. Talk is that an £80 mln mining IPO is in the pipeline and, if the clamour to present at Mining Capital and Proactive events is anything to go by, […]

26

Apr

2016

Money is being made as markets are behaving positively

By Warwick Grigor, Far East Capital Mining markets are in a sweet spot … It really looks like we are traveling through a sweet spot in the market at the moment. Wednesday was an extraordinary day of strength right across the mining sector. Many charts that had progressed to secondary uptrends, having peaked in the […]

26

Apr

2016

Randgold’s problem child coming right

By Lawrie Williams, Founder, LawrieOnGold.com It is perhaps a little unfair to refer to Randgold Resources’ (NASDAQ: GOLD, LSE: RRS) Tongon gold mine in Cote d’Ivoire as a ‘problem child’.  It has always been a significant gold producer, but has faced its fair share of problems in achieving planned gold recoveries including key plant failures, […]

19

Apr

2016

Graphene – great progress on two fronts

By Warwick Grigor, Far East Capital 1. Low cost, high quality production (First Graphite) 2. Commercialisation into industry (Imagine IM, Pacific American) Markets encouraged as China re-inflates It is worthwhile reading through the various economic commentaries in the newspapers, not because they offer sage opinions, but because you need to be aware of what is […]

19

Apr

2016

Coal’s Demise – Peabody’s Collapse is Just the Beginning

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife “The interval between the decay of the old and the formation and establishment of the new constitutes a period of transition which must always necessarily be one of uncertainty, confusion, error, and wild and fierce fanaticism.” John C. Calhoun And so it is with the […]

12

Apr

2016

Signs of life in junior mining?

By Alastair Ford, Proactive Investors Some of the dread tension seems to have gone out of the junior mining sector. To be sure, times are still tough, fundraising is incredibly hard, and equity valuations are not a patch on what they were five, or even ten years ago. And yet… Since Christmas some junior miners […]

11

Apr

2016

Lithium Strategy: Re-positioning in a Bull Market

By Chris Berry, Founder, House Mountain Partners This isn’t a bubble…yet, but there are reasons to be cautious and a strategy reassessment is in order. In the wake of Tesla Motors (TSLA:NASDAQ) introduction of the Model 3 “mass market” EV, lithium development and exploration company share prices have absolutely exploded higher. This is despite the […]

05

Apr

2016

Quiet markets, so let’s focus on a few positive announcements in carbon products and gold

By Warwick Grigor, Far East Capital Leading indices struggling to maintain levels It was a week during which the lead indices that we chart shifted from uptrend to an each way bet. The recent rise from their brief uptrends is faltering with the All Ords looking the weakest. Looking further into the individual company charts […]

05

Apr

2016

Patience is a Virtue

By Mark Gordon, Senior Resource Analyst, Breakaway Research And also a necessity when looking at junior exploration stocks. This is something that cannot be emphasised enough – exploration is a methodical and iterative process, and requires continual testing and re-evaluation of ideas and models, and can take significant time for a discovery to be made […]

29

Mar

2016

Terror, money and gold

By Alastair Ford, Proactive Investors Time was when a major terrorist attack on a Western city could spook markets severely. These days though, investors appear much more inured to shock and much more able to assess resultant risk. True, in the wake of the bombings in Brussels some analysts suggested that the increasing prevalence of […]

29

Mar

2016

Gold’s Renaissance – The Heavyweights are Returning

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife “All you need in this life is ignorance and confidence – then success is sure.” – Mark Twain. The actions of the world’s central banks appear to be adhering very much to the tongue-in-cheek words of Mark Twain. This week’s column neatly dovetails on from […]

22

Mar

2016

Another Way to Think About Lithium – The Separator Business

By Chris Berry, Founder, House Mountain Partners We’ve just returned from PDAC and lithium is all the rage. The specialty chemical’s parabolic price spike has altered the landscape and as I predicted late last year, a crop of juniors has flocked to the space. While this is dangerous and may serve to confuse investors, it […]

22

Mar

2016

Is There Light at the End of the Tunnel?

By Mark Gordon, Senior Resource Analyst, Breakaway Research Okay, away from politics and back to commodities. Have we reached the bottom of the long resources bust, and are things now on the improve? We are starting to hear more good news, things are starting to rise (and unfortunately also the Australian dollar), and anecdotally there […]

15

Mar

2016

What does this year’s PDAC tell us about the gold price?

By Lawrie Williams, Founder, LawrieOnGold.com Perhaps some might suggest the Prospectors and Developers Association of Canada (PDAC) annual mineral exploration exaggeration-fest should be renamed the Promoters, Deceivers and Carpetbaggers Convention given how few of those mineral explorers pushing their projects will ever see them brought into production.  Maybe that would be a little unfair, though, […]

15

Mar

2016

Why Gold’s Resurrection Will Continue

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Gold has soared so far in 2016. The recent decision by the Federal Reserve to raise interest rates in the face of a rapidly weakening global economy has given a whole new lease of life to gold. We’d consistently stated our view that gold would […]

15

Mar

2016

Politics is the art of choosing between the disastrous and the unpalatable

By Mark Gordon, Senior Resource Analyst, Breakaway Research This week’s column returns more to politics, and its effect on the resources industry in Australia, hence the above quote from John Kenneth Galbraith. The catalyst is the decision of Tony Windsor, an independent ex-politician, to run against Barnaby Joyce, the leader of Australia’s National Party and […]

08

Mar

2016

Just how hot is gold right now?

By Alastair Ford, Proactive Investors Gold pushed through the US$1,250 mark for the first time in well over a year on Thursday, bouncing in tandem with oil, and somewhat unexpectedly iron ore. So does this mark the start of a rally and a consequent bout of corporate activity? Certainly it’s nice for the gold companies […]

08

Mar

2016

There are lies, damn lies and valuations

By Mark Gordon, Senior Resource Analyst, Breakaway Research Again this week I have moved away from the broader market, and present my thoughts on part of what I do for a living. I hope to move back into commodities next week – there seems to be some life in metals. Today I will present my […]

01

Mar

2016

Batteries and energy storage are increasingly in the spotlight

By Warwick Grigor, Far East Capital Recent trends are still in play There hasn’t been any real change in the dynamics or the themes over the past week. Gold is providing healthy volatility for the traders. The oil price is bouncing around and the leading equity indices have continued to struggle. The biggest news has […]

01

Mar

2016

Infrastructure for the 21st Century: Building a Non-Chinese Rare Earth Supply Chain

By Chris Berry, Founder, House Mountain Partners Introduction Few metals have captivated investors in recent years in the same way that REEs have. Nobody except the most seasoned REE analyst would have thought that a chance encounter in the South China Sea between a Japanese military patrol boat and a Chinese fishing vessel would have […]

01

Mar

2016

Sultans of Spin

By Mark Gordon, Senior Resource Analyst, Breakaway Research This week I will move away from commentary on the markets (there are plenty of other divergent views out there), and return to analysis of information. This includes some specific examples, but naturally identities have been omitted to protect the innocent and the guilty (and myself). A […]

23

Feb

2016

Significant shift in sentiment is providing the basis for improving share price

By Warwick Grigor, Far East Capital Uptrends advancing in gold stocks … Many of the gold producer charts have been in uptrends for a number of months, well before the recent strength in the gold price. This was due to the strength in the A$ gold price as well as reduced cost pressures in the […]

23

Feb

2016

Fear and Loathing in the Marketplace (with apologies to HST)

By Mark Gordon, Senior Resource Analyst, Breakaway Research In a previous column I wrote about living in interesting times, well things continue to stay interesting, or are getting even more exciting! Background reading I did for an interview on my view of gold has generally not left me in a very optimistic mood (taking into […]

23

Feb

2016

Thermal Coal’s Future Threatened by Falling Emerging World Demand

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife “The interval between the decay of the old and the formation and establishment of the new constitutes a period of transition which must always necessarily be one of uncertainty, confusion, error, and wild and fierce fanaticism.” John C. Calhoun We’ve previously discussed the clouded prospects […]

16

Feb

2016

Gold Price Strength Shouldn’t Be a Major Surprise

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The recent decision by the Federal Reserve to raise interest rates in the face of a rapidly weakening global economy has given a new lease of life to gold. A year ago, oil and other commodities signaled that potential turmoil was coming to the global […]

15

Feb

2016

Why South Africa?

By Mark Gordon, Senior Resource Analyst, Breakaway Research Background This week’s column comes about after my recent write-up of Orion Gold, an ASX-listed junior which has an option to acquire the Prieska Copper-Zinc Mine, which operated between 1972 and 1991, and the Marydale Gold Prospect, located near the town of Prieska in the Northern Cape […]

15

Feb

2016

Gold is the only safe haven when fear takes over

By Warwick Grigor, Far East Capital Gold is having its day … Gold continued to take centre stage during the week, at one point achieving its biggest one day rise in seven years. Gold bulls will be coming out of the shadows and reclaiming their status after being beaten up by the Great Gold Short, […]

02

Feb

2016

The mixed blessings of the oil price collapse

By Alastair Ford, Proactive Investors No wars have been fought over gold. There have been dramatic movies made about it (The Treasure of the Sierra Madre, with Humphrey Bogart) and bad movies made about it (Gold! with Roger Moore), but at no point in history have Israeli or American generals sent tanks rolling across borders […]

02

Feb

2016

Puritanism – the haunting fear that someone, somewhere, may be happy

By Mark Gordon, Senior Resource Analyst, Breakaway Research Actually, this quote, attributed to H.L Mencken has absolutely nothing to do with today’s column, but I thought I’d share it with you anyway as I took an immediate shine to it. And quite topical given that we are in an election year is “Every election is […]

02

Feb

2016

Gold versus Oil Hits a 30-Year – Clear Evidence of Investor Risk Aversion

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife To any industry observer, gold’s price resilience is in stark contrast with the seemingly never-ending downward spiral in the price of crude oil. The rational is clear – investors are seeking a safe haven from financial market volatility whilst at the same time shying away […]

26

Jan

2016

Forecasting Lithium in 2016: What are the Salient Issues?

By Chris Berry, Founder, House Mountain Partners If recent mainstream media, sell side, and newsletter writer coverage wasn’t enough to convince you, it is all but obvious that lithium has emerged as an investible asset class for 2016 and beyond as the broader commodity sector continues to struggle with overcapacity and slack demand. While the excitement […]

26

Jan

2016

Smooth Seas do Not Make Skilful Sailors (African Proverb)

By Mark Gordon, Senior Resource Analyst, Breakaway Research This proverb sort of leads me into the gist of the first part of today’s column – how can a company attract and keep the attention of potential investors? As I have said many times, the party is over, and investors are no longer climbing over themselves […]

19

Jan

2016

Will American can-do attitudes trump Chinese gloom?

By Alastair Ford, Proactive Investors According to commentary from a team of analysts at Barclays, the past five years have been “the worst period of mining sector performance since 1966.” And, the bank continues, it’s not over yet. “A demand shock seems ever more unlikely given the state of China’s economy. We see no reason […]

19

Jan

2016

Making Sense of China

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife One of the interesting conundrums facing commodity markets at the present time is to try and interpret exactly what is taking place with respect to China. Sure, China’s demand for commodities has slowed – but is this a cyclical or a structural change – or […]

19

Jan

2016

“Don’t Let The Bastards Get You Down”

By Mark Gordon, Senior Resource Analyst, Breakaway Research This is the apt title of a book of quotes my wife gave me for Christmas to try and cure me of my often “half glass empty” outlook on things. The advice in the quote may come in good use this year given the start that we […]

12

Jan

2016

Is this the Final Leg Down in the Commodity Cycle? How Much Lower for How Much Longer?

By Chris Berry, Founder, House Mountain Partners If anything is clear after the start of 2016, the global economic rebalancing that central banks around the world are trying to engineer is not proceeding according to plan. The circuit breaker fiasco in the Chinese equity markets is the latest example giving investors pause with respect to […]

12

Jan

2016

2015 SGE gold withdrawals total 2596 t – 19% up on previous record year

By Lawrie Williams, Founder, LawrieOnGold.com The Shanghai Gold Exchange’s announcement of the full year figure for gold withdrawals for calendar 2015 show that a huge new record of 2,596.4 tonnes was taken out – 19% higher than the previous record of 2,182 tonnes recorded in 2013. This is just short of the 2,600 tonnes we […]

15

Dec

2015

Is US Shale Production Set For a Major Collapse?

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Things look pretty grim these days for investors who desire a higher oil price. OPEC has now made it very clear that they have no intention of doing anything to support the price of oil. Yes, maybe the Saudis would be willing to join with […]

14

Dec

2015

It’s a dog eat dog world in oil but it doesn’t make sense

By Warwick Grigor, Far East Capital Sentiment is sliding again Sentiment in the mining stocks continued to deteriorate during the week as buyers have done a runner and sellers are forced to ratchet their price expectations down. No-one wants to play in these markets as everyone is focusing on getting away for their summer holidays. […]

14

Dec

2015

Events Last Week

By Mark Gordon, Senior Resource Analyst, Breakaway Research Maybe my wrap up for the year last week was a bit premature, with the last seven days seeing some fairly significant events globally and nationally. On the commodities front we have continued to see falls in oil and iron ore prices, with Brent prices now below […]

08

Dec

2015

2015, the Year in Review

By Mark Gordon, Senior Resource Analyst, Breakaway Research Maybe I’ll set the tone with a few graphs. The first graph below shows the comparative performance of a number of resource related ASX indices over the last 12 months. With the exception of the gold index this is largely a tale of woe! The second and […]

08

Dec

2015

Oil Market Uncertainty Continues, As Does Pressure on US Shale Producers

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife As Reuters journalist Alex Lawler reminded us this week, “It used to be said of OPEC that it was like a teabag – it only worked in hot water.” If that’s the case, conditions on world oil markets require OPEC to step up to the […]

07

Dec

2015

Neither exuberance nor violence at Mines & Money

By Alastair Ford, Proactive Investors There were no fights at Mines & Money this year. This may seem like an obvious statement to make, but actually it hasn’t always been the case. Strictly, of course, the fights that occurred in the past took place outside the formal structure of the event, at one or other […]

30

Nov

2015

Minera IRL EGM Fiasco

By Lawrie Williams, Founder, LawrieOnGold.com On Thursday the Board of Minera IRL Ltd – the existing parent company of the Peruvian operating subsidiaries Minera IRL SA and Minera Kurri Kullu SA – presided over an Extraordinary General Meeting (EGM) – held in Toronto although the company is registered in Jersey, Channel Islands – to consider […]

30

Nov

2015

Welcome to the Hotel California…But you can never leave. (or, definitely not soaring with the eagles)

By Mark Gordon, Senior Resource Analyst, Breakaway Research The idea for this week’s column came from a colleague, who introduced me to the term “Hotel California stocks”, as they are near impossible to create the liquidity to enable a timely exit. This got me thinking, as to how many such stocks are listed on the […]

30

Nov

2015

Bleak Outlook for Coal Producers

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife There are varying opinions on the outlook for thermal coal. Whether one is an optimist or a pessimist – or somewhere in between – the reality is that life is set to get even tougher for coal producers. One school of thought is that changing […]

24

Nov

2015

A Rebuttal to London Financial Times Article: Settle For The Metal on 17th Nov. 2015

By Bonnie Hughes, Director, Peterhouse Corporate Finance Being an avid follower of mining equities, I found the article was mainly directed towards mining company ETF’s and not individual companies. I believe you can get a lot better returns these days by owning some micro to midcap stocks due to the level of M&A activity that […]

24

Nov

2015

Eastern Australian Gas – Changing Dynamics

By Dr. Stephen Bartrop, Breakaway Research (From the November issue of The Digger www.breakawaydigger.com) With LNG plants commencing production in Gladstone, there are changing dynamics in the eastern Australian gas market. This is occurring in the background and astute investors need to recognise these dynamics as any opportunities may pass quickly. Indeed mainstream news flow […]

17

Nov

2015

Four Questions for 2016 – Donald Trump, Deflation, China, & Oil

By Chris Berry, Founder, House Mountain Partners Ed. Note: The following remarks were those I made to investor audiences during a recent bus tour in Munich, Geneva, Zurich, and Frankfurt. Ladies and Gentlemen, thank you for coming today and investing your most valuable asset in us, which is of course, your time. Speaking of time, […]

10

Nov

2015

The quarter that was, and my take on the markets.

Well, another quarterly reporting period has ended for the resource sector and it is time to have a quick look at some of the statistics. The following comments are largely based on data compiled by Austex Mining at the end of each quarter, including a summary of the Appendix 5B figures for 771 resource companies […]

10

Nov

2015

Credibility at Stake – Why the Fed Must Now Raise Rates

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The October jobs report released last Friday has surely provided the green light the US Federal Reserve requires to raise rates when its policy-making committee next meets on 15-16 December. After all of the bluster about the robustness of the supposed robust recovery, the Fed […]

03

Nov

2015

Fed’s Easy Money Policies Create Winners & Losers

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife I’m been a dedicated fan of the US animated comedy, The Simpsons, ever since it began way 26 years ago. The show has a capacity to poke fun at issues in a way that no regular drama can. One of my favourite quotes relates to […]

03

Nov

2015

Huge YTD 2015 Chinese SGE gold demand will pass full year record in 2 weeks

By Lawrie Williams, Founder, LawrieOnGold.com Full month figures for October aren’t yet available, but announced gold withdrawals out of the Shanghai Gold Exchange (SGE) up to October 23rd have already exceeded last year’s full year total – and last year was the second highest full year ever for SGE gold deliveries.  The record year of […]

03

Nov

2015

Vanadium

By Mark Gordon, Senior Resource Analyst, Breakaway Research This week I will give a brief summary of another of the specialty metals that is getting good press coverage recently – vanadium. The main use of vanadium is as a steel additive in high-strength steel, which accounts for about 92% of the current global demand of […]

27

Oct

2015

Chinese soft power comes to town, in hard cash and deals

By Alastair Ford, Proactive Investors President Xi Jinping’s visit to the UK has been making great play with the local media, although there seems to be some general confusion about the context in which the visit should be placed. First off, there’s human rights. China’s record is not strong. On the other hand it’s still […]

27

Oct

2015

Analysing the Management

By Mark Gordon, Senior Resource Analyst, Breakaway Research Two things are infinite: the universe and human stupidity, and I’m not sure about the universe – Albert Einstein As I mention in many talks I give, a key element of any company is the personnel, and particularly the board and senior management. You can have the […]

27

Oct

2015

More Reasons to Love Gold

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife It’s been a generally grim period for commodities, there’s no doubt about that. Question-marks over growth, combined with a resilient US dollar as markets play the “Will they, won’t they” game with respect to interest rates, has made commodities more expensive in US$ terms, further […]

20

Oct

2015

The “bottom” of the market is too generalised. Gold stocks have already bottomed

By Warwick Grigor, Far East Capital 121 Mining Investment Conference My first destination last week was the 121 Mining Investment Conference in Hong Kong. This is a forum that hosts both auditorium presentations and one-to-one meetings. There are many conferences throughout the year, all seeking to attract both investors and companies. Competition amongst conference providers […]

20

Oct

2015

A Lithium Primer

By Mark Gordon, Senior Resource Analyst, Breakaway Research Lithium is one resource that has been making the news and garnering investor interest lately, largely due to forecast demand growth in the rechargeable Li-ion battery market. This column is aimed at providing a brief overview of the upstream lithium industry and markets. What is Lithium? Lithium […]

20

Oct

2015

The Uranium Conundrum

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Anyone even remotely associated with the resource sector has well and truly become reacquainted with the word ‘patience’ since the GFC. One interesting quote with respect to patience that I came across recently reads “Patience is not the ability to wait, but the ability to […]

13

Oct

2015

Morgan Stanley research could herald green shoots of recovery in the mining sector

By Alastair Ford, Proactive Investors While one broker does not a summer make, markets liked the cheerful outlook nonetheless, lifting Rio Tinto (LON:RIO) by 7.5% in BHPBilliton by just under 5% in response. The real question of course is: is Morgan Stanley right? The argument put forward is that newsflow from China is likely to […]

13

Oct

2015

Oil – We are on the brink of a major potential turning point

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife I’m a big motorsport fan, so the annual Bathurst weekend at Mt Panorama in  Bathurst, NSW is something that I keenly look forward to each and every year. I was brought up in the era of the old-fashioned Ford-Holden rivalry, where from a ‘street cred’ […]

06

Oct

2015

Cobalt as a Case Study in a Wobbly Global Economy

By Chris Berry, Founder, House Mountain Partners Regular readers will know of my optimism regarding cobalt. The fundamentals look sound in a metals market that, already under pressure, appears headed lower. To wit: – Cobalt demand is growing by 6% overall with demand in the battery supply chain growing by some estimates at a CAGR […]

06

Oct

2015

Ten Key Points to Bear in Mind Based on Current Resource Volatility

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife 1. Let’s firstly put Glencore’s 30% plunge into perspective – what’s driven the latest market concerns are the company’s high debt levels, however this isn’t something new. It was there when the company merged with Xstratra more than two years ago. What’s exacerbated the situation […]

06

Oct

2015

May you live in interesting times…

By Mark Gordon, Senior Resource Analyst, Breakaway Research Although called the “Chinese curse”, no definite Chinese source has been found for this apocryphal saying; however we are indeed living in interesting times. This has been demonstrated by continuing falls in metals prices and indices over the last quarter, with the following table summarising these changes. […]

29

Sep

2015

USA v China: how will the 21st century’s great contest unfold?

By Alastair Ford, Proactive Investors We haven’t yet had a series of boxing movies where an American underdog takes on a hulking Chinaman, gets knocked down and rises again to triumph in a supreme effort of noble will. It’s surely only a matter of time though, before the new Sylvester Stallone to start running up […]

29

Sep

2015

Junior Resources – Where to From Here?

By Mark Gordon, Senior Resource Analyst, Breakaway Research Forget the past – the future will give you plenty to worry about – George Allen I suppose the above depends upon whether you have a glass half full of glass half empty view of the world! We can’t undo the past – it has to be […]

29

Sep

2015

Fed Rate Procrastination Undergoes Further Scrutiny

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife I came across a very interesting thought piece this week by noted US investor, Bill Gross, supporting our dim view of the US Federal Reserve’s interest rate procrastination. Despite all of the market’s recent chatter about supposed timelines for interest rate increases, the Fed has […]

22

Sep

2015

Yet another massive gold delivery week on the SGE

By Lawrie Williams, Founder, LawrieOnGold.com The latest week’s figures on Shanghai Gold Exchange withdrawals see that the Chinese demand for gold remains enormous.  It may have been exaggerated a little due to the prior week being a short trading one due to the Chinese holiday which kept the Exchange closed on the Friday and Saturday, […]

22

Sep

2015

Social Media and the Main Stream Media – Effects on Australian Politics and the Resources Industry

By Mark Gordon, Senior Resource Analyst, Breakaway Research There are lies, damn lies and tweets. My view, given the proliferation of social media and the opinions expressed through it, is that the above quote is as valid as the original – “There are lies, damn lies and statistics”. Last week I wrote about the increased […]

22

Sep

2015

The Fed kicks the can down the road once again on interest rates

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The Fed’s actions (or more accurately ‘inaction’) last week with respect to interest rates provides further reinforcement of our long-held view that the Fed isn’t particularly serious about raising interest rates anytime soon. Despite all of the market’s recent chatter about supposed timelines for interest […]

15

Sep

2015

Does Glencore still have “the smartest guys in the room”?

By Alastair Ford, Proactive Investors How many stories can one share price graph tell? The answer, in the case of Glencore (LON:GLEN), is several. First off, there’s the tale of misery that’s afflicted the mining sector as a whole since gold and copper came off their multi-year highs in the middle of 2011. It was […]

15

Sep

2015

Q&A: Chris Berry on Vanadium

Chris Berry is an independent analyst focused on strategic metals, innovation, and associated supply chain dynamics. After spending 15 years working across various roles in sales and brokerage on Wall Street, Chris shifted his attention to the forces propelling lifestyle convergence including urbanization, innovation, and technology and the opportunities that they are creating across numerous […]

15

Sep

2015

The Issues Facing the Australian Resources Industry

By Mark Gordon, Senior Resource Analyst, Breakaway Research “The most terrifying words in the English language are: I am from the Government and I am here to help” (Ronald Reagan). While these words have been taken out of context so many times they do seem to reflect an increasing problem with our plethora of governments […]

15

Sep

2015

Shale Energy – Why I believe the Saudis will win the war

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife The current stoush between ‘Sheikh and Shale’ (as The Economist has brilliantly described it) represents the ideal opportunity to return to an examination of the viability of shale energy, as opposed to ‘conventional’ oil production. As you might be aware, we’ve been skeptics of the […]

08

Sep

2015

Tesla’s Elon Musk – More Gigafactory Lithium Deals to Come, Potentially Nevada

By Simon Moores, Managing Director, Benchmark Mineral Intelligence Tesla Motors’ CEO Elon Musk has admitted the company is pursuing lithium deals in Nevada. Tesla is looking to add to the conditional deal it struck with Bacanora Minerals / Rare Earth Minerals and Musk was forced to admit last night on Twitter that Nevada projects are […]

08

Sep

2015

The State of the Australian Exploration Industry

By Mark Gordon, Senior Resource Analyst, Breakaway Research If history repeats itself, and the unexpected always happens, how incapable must Man be to learn from experience (GBS). So true, especially for those who expected the super resources boom to go on forever! Nevertheless we all know that one side of the demand/supply equation is commodity […]

08

Sep

2015

Financial Markets Need a Reality Check – Higher Rates Are Great News for Gold

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife We’ve spoken at length about how the US Fed has consistently for the past few years kicked the can down the road with respect to an eventual interest rate hike. Gold has unfortunately been stuck in a lackluster trading range for a significant portion of […]

01

Sep

2015

What was that all about? The move was expected but the extremity and speed were notable

By Warwick Grigor, Far East Capital This time last week we had just seen the Dow fall 5% over two days. The stage was set for a 5-10% fall when it opened on Monday, but for some reason I wasn’t too worried. Perhaps it was because I don’t sit in a broker office and I don’t live for every […]

01

Sep

2015

Tesla Buys an Out of the Money Call Option on Lithium Supply

By Chris Berry, Founder, House Mountain Partners It’s been interesting to read the mainstream media’s impression of the recently announced lithium hydroxide supply deal between Tesla Motors (TSLA:NASDAQ) and Rare Earth Minerals PLC (REM:LON) and Bacanora Minerals (BCN:TSXV, BCN:LON), a joint venture with lithium concessions in Mexico. Arguably the biggest misconception is that TSLA has […]

01

Sep

2015

Investing in Difficult Market Conditions

By Mark Gordon, Senior Resource Analyst, Breakaway Research As we know market conditions are tough out there, however for those with a longer term view there are plenty of opportunities. As an analyst I get to see a lot of companies – both as the subject of the research I write, but I will also look […]

01

Sep

2015

Reality Check on China’s Bad Press

By Gavin Wendt, Founding Director and Senior Resource Analyst, Minelife Not surprisingly given the media’s predilection for sensationalism, there has been a lot of negative press written about China over recent days. Even the US sharemarket plunge has been blamed on China, without for a moment considering that the US market was long overdue for […]

01

Sep

2015

Q&A: Lawrie Williams on Gold

Lawrence (Lawrie) Williams is a well known London-based writer and commentator on financial and political subjects, but specialising in precious metals news and commentary. You can subscribe to his newsletter at www.lawrieongold.com. TRIN: You maintain that the performance of gold has not been as bad as much of the media make out, why do you […]