From Quebec, Canada to Sonora, Mexico, House Mountain Partners Founder Chris Berry constantly uncovers new opportunities in the Americas. In this exclusive interview with The Gold Report, Chris outlines the geopolitical changes that are driving renewed interest in areas considered too risky or not profitable enough in the past.
Rescuers and heavy equipment are picking through the debris in hopes of finding more survivors after a landslide thundered down a mountainside in the Philippines on Good Friday. The avalanche of mud hit the mining village of Panganason around 2:30 am Friday morning, according to a story posted on Inquirer.net. Clad in orange suits, the rescuers sifted through the rubble in the hope of adding more survivors—15 so far—plucked from the mud and rocks. But 21 people remained unaccounted for, according to Maj. Jake Obligado, commanding officer of the 71st Infantry Battalion.
Miner Anglo American stuck to its production targets on Thursday despite a first quarter that saw floods and heavy rains hampering output, with coal output from its Australian operations down by over a third. Anglo, the world's fifth-biggest diversified miner, is the latest operator to detail the impact of freak weather across its operations. Image by Jam343.
When the price of Comex gold futures kissed a record high $1,500/oz. Tuesday before settling back to the high $1,400s at day's end, and then topped the benchmark in early trading Wednesday, the smack sounded a lot like "I told you so." The Gold Report's expert contributors explain what this milestone means for investors going forward.
One way precious metals investors try to maximize their results is buy predicting which of gold or silver (and some people also consider platinum and/or palladium) will outperform the other going forward. A correct judgment has often led to dramatic results.
These days, the number of perpetually inaccurate predictions forecasting an end to the gold boom are thoroughly drowned out by the now multitudinous voices screaming from the rooftops for gold to go much higher. About 90 percent of that is the herd mentality at work.
The gold price didn't do much during Far East trading on Monday but began to roll over with a bit more zeal very late in the morning in London and about fifteen minutes before the Comex opened for trading, gold hit its low of the day, before drifting higher.
Rapid progress on the predevelopment phase of the giant Kibali gold project in the Democratic Republic of the Congo (DRC) is paving the way for the targeted mid-year start of mine construction.
Armed with a degree in geology, Silver Spartan LLC Founder Paul Dockweiler in 2003 got himself invited to explore in a mineral-rich area of southwestern Nevada that was falling out of favor because the price of gold barely covered the cost of production. As Paul explains in this exclusive interview with The Gold Report, a lot of virgin ground with the same mineralogy as a past-producing mine had never even been drilled and, of course, the gold price has since marched up fivefold.
While most people look at gold in the dollar we expect to see demand and supply factors overlain by the dollar’s exchange rate movements against the euro. Nevertheless, gold is at record levels now having see a very short and not so sharp correction last week.