COMMENTARY—ProspectingJournal.com—I’m a big fan of “imagine” conversations, mainly because they take me back to the glory days of high school class-skipping shenanigans. These spaced-out talks would focus on completely unrealistic projections, as participants started each scenario with a drawn-out “MAGIN” that quickly veered off into the realm of stupidity. Indeed, we were deliberately... [Read more...]
As gold prices rise, so do cash producers' cash flows.
ANALYSIS – ProspectingJournal.com – With increasing volatility in the US dollar, the gold bugs are licking their lips at the possible gains on the horizon for their yellow wealth. Despite the current run up of gold prices, there’s a mixed blessing in store for the gold miners as equity valuations have significantly lagged the performance... [Read more...]
COMMENTARY—ProspectingJournal.com—The last couple weeks have been a sickening rollercoaster ride for investors, who are vomiting cash after a relentless series of free-falls forced even the hardiest of stomachs to give in to the fear that the world economy is, quite possibly, screwed. The occasional relief from the Debtocalypse, as seen in yesterday’s gains, seems more like another climb up the... [Read more...]
COMMENTARY—ProspectingJournal.com—In the current marketplace, a constant fear of recession has caused unprecedented strain on most companies, many of which are still recovering from the last crash. Yet the possibility of Recession 2 (or, really, the “re-discovery” of Recession 1) has prompted many of the dime-a-dozen juniors to make haste with a plausible business model. Without the established... [Read more...]
ANALYSIS – ProspectingJournal.com – Chinese firm Sichuan Hanlong recently made a big statement with its $1.5 billion takeover bid for Australia’s Sundance Resources [SDL – AX]. However, this statement wasn’t directed towards mining in Australia, as the target was Sundance’s Mbalam project located in the new iron ore frontier of West Africa.
With potential for $4.6 billion in iron ore at... [Read more...]
COMMENTARY–ProspectingJournal.com–Perhaps it’s time to make some bets. After today’s horrible stock market plunge, there are likely few investors who have emerged confident, let alone financially victorious. A week of losses across the board and a joke of a US debt deal are hardly encouraging signs for those who are still bothering with the worldwide, digital casino. Thus,... [Read more...]
COMMENTARY–ProspectingJournal–Whether an illusion or not, a bubble or a parabolic paradigm shift, gold puts a smile on my face every time I hear it in the news or read about it among the vast sea of opinions. Forget the so-called economists and anti-gold philosophers: when gold goes up it does so in contrast to fear, which (lately) tends to be the result of financial madness and political... [Read more...]
The Bad News: There is no place to hide!
GUEST COMMENTARY–LarryMylesReports.com–Over the last three years has anyone noticed the (not too) subtle shift in the timbre of the national dialogue? During 2009, the entire western world had to suffer through a brash and overconfident Washington regime blathering on about how government would lead the way and return America to a time of financial... [Read more...]
COMMENTARY—ProspectingJournal.com—Well, it has been nice knowing all of you, whoever you are. Indeed, we had fun while we could—spending those hard-earned dollars on paying back credit cards, kicking our own personal cans down the road, living beyond our means thanks to third-world sweatshops and oil. Ah, the pursuit of happiness and the American dream.
I’m talking about the August 2 deadline... [Read more...]
COMMENTARY – ProspectingJournal.com – The choice between taking payment through precious metals in physical bullion, online decentralized currency in Bitcoins, or fiat central bank notes may be not be as clear-cut in the near future. While the logical decisions made by merchants and consumers in the marketplace are often flawed and lacking the total information necessary to proceed safely, let’s... [Read more...]
COMMENTARY–ProspectingJournal.com–It’s easy to get caught up in the classic investor trap of wishing for good results, hoping that an upcoming press release blows away expectations with high numbers and overwhelming “good” news. After all, it’s the arbitrary but somewhat functional nature of the digital stock age, where the typing and dissemination of a few results can... [Read more...]
COMMENTARY–ProspectingJournal.com–While it’s perhaps a bit early to announce the rebirth of the uranium sector, signs are now pointing to a steady comeback as governments and businesses are returning to one of their favourite obsessions: worrying about–and profiting from–the world’s energy needs.
For someone invested in uranium, early 2011 was a classic textbook... [Read more...]
COMMENTARY—ProspectingJournal.com—Canada’s reputation as a slightly dull but dependable financial safe-haven has made its way back into the international spotlight. The loonie hit a 3 ½ year high against the US dollar this week, at $1.06US, as Bank of Canada Governor Mark Carney’s sober comments hinted at what many central banks can now only dream about: interest rate hikes.
Considering that... [Read more...]
Podcast: Play in new window
Episode 3: In this episode we talk about the current state of the United States’ economy, in the aftermath of Federal Reserve Chairman’s monetary policy report to Congress in which he faced a showdown with Presidential candidate, Congressman Ron Paul. Upon hearing the many pregnant pauses and delays from Bernanke, the market has responded,... [Read more...]
COMMENTARY—ProspectingJournal.com—The race for rare earths is on . . . Say what? Amazingly, many investors are still confused as to what “rare earths” entails, as the name evokes images of sparkling jewels and shiny things with intrinsic value. Instead, these 17 crucial elements, with futuristic names such as praseodymium, lathanum and gadolinium, power fluorescent lamps, iPods, wind... [Read more...]