Vulture In Review

Saturday, April 12, 2014

This Is Not A “Healthy Correction”: The Mother Of All Financial Bubbles Is Beginning To Crack

Former Director of the U.S. Budget Office David Stockman writes: Wolf Richter is one of the most astute observers ofour bubble-ridden/central bankperverted financial scene around. His blog called Testosterone Pit is a daily “must read” and more than that: its posts are succinct, spritely, fact-based, conclusionary and cover the global map with special insight on thosedebt ridden houses of cards on the other side of the Pacific—-Japan and China. Wolf today issued a timely warning. Next week we will be told by Wall Street stock peddlers that what are just having a healthy correction and that it will soon betime to “buy the

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Gold Silver Ratio Remains near Nosebleed High Levels

Ratio timers to buy silver and trade gold for silver now and soon. The gold/silver ratio closed the week near 66 ounces of silver to one ounce of gold, a nosebleed high level.

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Draghi Seen Easing Policy by June as ECB Readies Rate Cut

Alessandro Speciale and Andre Tartar write for Bloomberg: Mario Draghi will probably take action within two months against the threat of deflation, economists said. Almost two-thirds of respondents in the Bloomberg Monthly Survey predicted the European Central Bank president will ease policy by June. Of those economists, just under half said he may implement multiple measures ranging from interest-rate cuts to asset purchases and long-term loans. With euro-area inflation at the weakest in more than four years, Draghi says he has “unanimous” backing from policy makers for unconventional measures if needed. Even so, recent comments show officials haven’t yet agreed on which tools

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Friday, April 11, 2014

Latest HRA Editorial: Traders Resolve Tested

Just when you thought it was safe to go back into the market the gold price and junior resource stocks drop and nervous traders declare the sky is falling yet again. I’m not thrilled by the market action of the past two or three weeks but I also don’t think the basic narrative has changed. The gold price has corrected but I don’t think its rolled over unless it gets quite a bit lower.

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Accumulating Smaller Issuers 2

This is installment two, picking up where installment one left off. We’re just letting folks know what’s on our shopping list on dips and before the gold and silver markets really really heat up again. Most people enjoy a bargain in a department store but won’t touch a stock when it’s on sale. Go figure. We love to buy when things are cheap. How about you? Speaking of cheap, the next small issuer we would mention is Fortuna Silver Mines (FSM). Keeping it short and sweet, we like it with any “$2” handle. Lots to know and like about Fortuna.

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Thursday, April 10, 2014

Accumulating Smaller Issuers

J.M. checks in to ask if we are still accumulating the smaller issuers “with the equity markets looking weaker” and with “bonds starting to reflect queasiness again.” Well, first of all, we have to concur with the assessment that the Big Markets are looking weaker and that bonds are showing signs of fear. That’s a good read on his part. And yes, we are still in accumulation mode for our smaller issuer faves, like Constantine Metal Resources (CEM.V). Constantine is going to be doing some very exciting drilling in SE Alaska at Palmer this year and this year’s $6.2 million budget is funded

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McEwen Mining Q1 2014 Production Results

TORONTO, ONTARIO - (April 10, 2014) - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)is pleased to announce production results for Q1 2014. The Company’s total production for Q1 was32,146 gold eq. oz(1)(2)comprised of 20,062 gold oz and 725,025 silver oz. This represents an approximate increase of 14% compared to Q1, 2013.

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Goldcorp increases offer for Osisko to C$7.65 per share in cash and Goldcorp shares

VANCOUVER, April 10, 2014 /CNW/ - GOLDCORP INC. (TSX: G) (NYSE: GG) today announced that it intends to increase its previously-announced offer to acquire all of the outstanding common shares of Osisko Mining Corporation (Osisko) (TSX: OSK, Deutsche Boerse: EWX) to C$7.65 per Osisko share for a total consideration of approximately C$3.6 billion (the Offer).

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SEMAFO: Bulk Test Results from Siou Confirm Reserves Block Model Fofina Ahead of Schedule

Montreal, Quebec, April 10, 2014, 08:30 EDT – SEMAFO Inc. (TSX, OMX: SMF) is pleased to report that bulk test results from the high-grade Siou deposit in March were in line with expectations, providing very good reconciliation against the block model. Test results indicated an average grade of 4.7 g/t Au at a recovery rate of over 96%.

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Great Panther Silver Reports First Quarter 2014 Production Results

GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL) (Great Panther; the Company) today announced first quarter (Q1) production results at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia.

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Wednesday, April 09, 2014

Endeavour Silver Produces 1,898,999 oz Silver and 18,519 oz Gold (3.0 Million oz Silver Equivalents) in the First Quarter, 2014

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2014) -Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) posted strong silver and gold production results in the First Quarter, 2014 from the Companys three operating silver mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the First Quarter, 2014 was up 27% to 1,898,999 ounces (oz)

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Tuesday, April 08, 2014

Precipitate's IP Survey Indicates Strong Chargeability Highs Extend to depth below Surface Gold Anomalies

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) -Precipitate Gold Corp. (the Company or Precipitate) (TSX VENTURE:PRG) is pleased to announce the results of its recently completed induced polarization (IP) geophysical survey at the Ginger Ridge Zone within the Companys Juan de Herrera concession in the Dominican Republic. The Ginger Ridge IP geophysical survey was conducted on five parallel grid lines at 200 metre intervals centred over the middle of the zones gold-silver geochemical anomaly. The geophysical survey covered approximately 800 metres strike length within the central core of the 2,000 metre long surface gold anomaly and achieved the following noteworthy results:

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Monday, April 07, 2014

SilverCrest Updates Santa Elena Mine Expansion Plan

VANCOUVER, BRITISH COLUMBIA, Apr 07, 2014 (Marketwired via COMTEX) -- SilverCrest Mines Inc. (nyse mkt:SVLC) /quotes/zigman/29556824/realtime CA:SVL 0.00% (the Company) is pleased to provide an update on activities for the expansion of the Santa Elena Mine in Sonora, Mexico. The Santa Elena Mine expansion is on budget (+/-5%) with initial start up of the new 3000 tpd operation anticipated later this month. The most significant activities are outlined below. For additional information and to view photos and videos, please visit the Companys website at www.silvercrestmines.com . N. Eric Fier, President and COO stated; We are pleased with the final stages of the Santa

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Midas Gold Updates Progress on its Golden Meadows Au-Ag-Sb Project, Idaho .

Midas Gold Updates Progress on its Golden Meadows Au-Ag-Sb Project, Idaho

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Fortuna Adopts Advance Notice Policy and Majority Voting Policy

VANCOUVER, BRITISH COLUMBIA, Apr 07, 2014 (Marketwired via COMTEX) -- Fortuna Silver Mines Inc. (the Company) announces that its Board of Directors (the Board) has adopted an Advance Notice Policy and a Majority Voting Policy with respect to the election of directors. The purpose of the Advance Notice Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating persons for election as directors of the Company. No person will be eligible for election unless nominated in accordance with the Advance Notice Policy. The Advance Notice Policy was adopted to further the Companys commitments to: (i) facilitating

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter


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