Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Silver COTs are still appalling but gold is oversold now so we may get a bounce in both soon but I fear, longterm, we will see lower lows in both
If the Chinese economy is so poor that a major Chinese miner is firing 100,000 miners then you have to wonder what demand other leading coal miners are going to have? I fear this news will take down all the major UK mining stocks on Monday when the FTSE opens. http://www.zerohedge.com/news/2015-09-27/chinas-hard-landing-has-arrived-chinese-coal-company-fires-100000
This can't be good for any of the major miners if Chinese economy is so poor that a major Chinese miner is firing 100,000 miners. http://www.zerohedge.com/news/2015-09-27/chinas-hard-landing-has-arrived-chinese-coal-company-fires-100000
... Pump and dump by the big boys and girls on Thurs which looks like already is rolling over.
The world is running out of places to store oil. US refineries are switching over to winter production so there will be a SLIGHT drop in US refinery capacity right around now and for a few weeks. Hard to see oil not dropping further here. Plus Yellen said - whether you believe here or not - that the US Fed will raise rates before the year is out and that usually means the USD will rally... which means weaker oil prices usually.
Yes, I was surprised how poor FRES did when the price of silver rose. Either this indicates that people just want to stay away from gold and silver miners or people simply think that the trend is still down longterm for gold and silver.
I googled news for BHP and there were articles talking about them wanting to issue some kind of hybrid debt assurance which some took for raising capital through share dilution.
Not sure where silver is going at the moment - whether this is a bit of consolidation or whether it is getting back to its downward trend.
Did I read that right?
We could see a massive drop in US market this week taking all the other markets down. People will be looking at the Fed not raising rates last week and wondering how weak the economy must be that even 0.25% is too risky. I think we could test the August 24th lows sometime this week. Not a prophecy just something to think about. What do you folks think?
Missed the 584.00 Oddly enough, last night i had a dream of FRES at 545.00. Don't worry, I keep dreaming the lotto numbers also but still have not won.
Are they going to pay Ant & Dec lots of money again this Christmas or are they going to do cheap celebrity-free adverts like Aldi and Lidl do?
With all the other big miners crashing I am amazed that this is holding up so well - must be some big pension funds refusing to dump it?
The sooner this gets back to the 52 week low the better chance that we MIGHT begin to see a bottoming... The news out of China is not good IMPO for any of the metal miners... so all this faffing around at the moment is a bit nuts IMPO....