August 2011

First Nation Invests in Potash in Saskatchewan

August 31, 2011 by prospectingjournal · Leave a Comment 

ANALYSIS – ProspectingJournal.com – Upon returning from my latest site visit and video shoot detailing a partnership for potash in Saskatchewan between Encanto Potash [EPO – TSX.V] and the Muskowekwan First Nation (MFN), I was pleased to see that the relationship was healthy and the company is poised to make the gains I’d read about [...]

Ottoburn signs $20.5 Million Agreement for Option of LK Project, Finland

August 31, 2011 by prospectingjournal · Leave a Comment 

NEWS – Vancouver, B.C. - Further to the press release dated July 27, 2011, Nortec Minerals Corp. (TSX-V:NVT), (“Nortec” or the “Company”), is pleased to announce that it has signed an Option and Joint Venture Agreement  (“OA”) with Otterburn Ventures Inc. (CSNX: OTB) (“Otterburn”).  The OA gives Otterburn the option to earn up to an 80% interest in Nortec’s  Läntinen [...]

Libya’s “Freedom” Comes at a Price: Gold & Oil

August 30, 2011 by prospectingjournal · Leave a Comment 

COMMENTARY—ProspectingJournal.com—Gold shows the facts, oil the reality. Libya, the latest mis-adventure for the increasingly desperate western powers, has both. Or had, to be precise, as what will be left of the place will likely consist of little more than charred bodies, broken infrastructure and a shattered social fabric after the superpowers work to make a [...]

Has the Fed Started QE3?

August 26, 2011 by prospectingjournal · Leave a Comment 

GUEST COMMENTARY–ProspectingJournal.com By Bud Conrad, Casey Research The Fed surprised the market by extending its policy of 0 to 0.25% Fed funds rate to mid-2013. The way the Fed manages to drive rates lower is to buy Treasuries with newly created money – driving the price up and the rates down. The big question is [...]

Gold Miners Wait for the September Rush

August 24, 2011 by prospectingjournal · 1 Comment 

COMMENTARY—ProspectingJournal.com—At one point, the gold stocks better start shooting up. At least, this is the sentiment of many a frustrated investor, who are tired of hearing stories of the meteoric gold rise, while swearing at their low-performing stocks. The blame-game goes around and around: some say margins, some say fear, others say rising costs. Margins [...]

Exiting the Eye of the Storm

August 23, 2011 by prospectingjournal · Leave a Comment 

GUEST COMMENTARY–Casey Research [Ed. note: This is an interview of Doug Casey by Louis James, both of Casey Research.] L: So, Doug: London has suffered more damage from recent rioting than from anything else since the Blitzkrieg; the stock market had its most volatile week in years; gold shot well north of $1,800; and the U.S. government almost [...]

Gold Nationalism: Starts with Chávez, Ends with . . .

August 19, 2011 by prospectingjournal · 1 Comment 

COMMENTARY—ProspectingJournal.com—In an alarming (but not surprising) move that illustrates what may become an emerging international trend, Presidente Hugo Chávez is nationalizing the Venezuelan gold industry, repatriating 211 tonnes of foreign-held gold. This logistical behemoth, worth approximately $11 billion, is an understandable move for a country that hates the USD in the first place and even [...]

EastCoal Inc.: Wash Plant 90% Complete

August 19, 2011 by prospectingjournal · Leave a Comment 

VANCOUVER, BRITISH COLUMBIA, Aug 19, 2011 (Marketwire via COMTEX News Network) –EastCoal Inc. (TSX VENTURE:ECX) – THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN [...]

ProspectingTV: Saskatchewan Potash Partnership Poised for Production

August 17, 2011 by prospectingjournal · 3 Comments 

ProspectingTV – ProspectingJournal.com – In the first installment of ProspectingTV, we travel to Saskatchewan for a meeting of the minds between Jim Walchuck, President and CEO of Encanto Potash [EPO - TSX.V] and Chief Bellerose of the Muskowekwan First Nation. We get a chance to see where their relationship lies as they move forward . [...]

ICN Resources Reports 14.9 m at 164.5 g/t Au from Goldfield Bonanza Project

August 16, 2011 by prospectingjournal · Leave a Comment 

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 15, 2011) – ICN Resources Ltd. (TSX VENTURE:ICN) (“ICN” or the “Company”) is pleased to announce the results of the remaining core holes completed during its Phase I exploration drill program on the Goldfield Bonanza Project. The GF Bonanza project, under option from Lode Star Gold, Inc., a private Nevada [...]

The R[ƎVO˩]UTION Will Not Be Televised: MSM Ignores Ron Paul in Iowa

August 16, 2011 by prospectingjournal · 1 Comment 

COMMENTARY – ProspectingJournal.com – A funny thing happened in Iowa this weekend. While the mainstream networks did their best to sweep the results under the rug, the AMES Iowa Straw Poll for the leadership of the Republican Party gave a warning shot that a revolution could be on the rise. And while the headlines that [...]

Gold is Still the Standard: US Celebrates 40 Years of Fiat

August 15, 2011 by prospectingjournal · Leave a Comment 

COMMENTARY—ProspectingJournal.com—Have you ever  broken up with someone and years later saw how good he or she was doing, only to feel like the world’s biggest idiot? Well, this is probably how US bankers should feel, if it wasn’t for the fact that they have made a fortune plundering the US economy through a debt-based monetary [...]

Imaginary Investing In A Market Collapse

August 12, 2011 by prospectingjournal · Leave a Comment 

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 unrealistic in [...]

Endeavour Mining’s Profit Rises on Higher Gold Output, Prices

August 11, 2011 by prospectingjournal · Leave a Comment 

(Reuters) – Gold miner Endeavour Mining Corp’s second-quarter profit rose, helped by higher production and sales as well as strong gold prices, sending its shares up 5 percent. The Canadian company, which operates the Youga Mine in Burkina Faso in West Africa, said production rose 8 percent to 21,575 ounces at a cash cost of [...]

Gold for Cash for More Gold: Junior Gold Producers Rising to the Occasion

August 11, 2011 by prospectingjournal · 1 Comment 

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 of the underlying [...]

Gold Defies Gravity: Drags TSX from Freefall

August 11, 2011 by prospectingjournal · Leave a Comment 

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 [...]

We’ve Only Just Begun: China’s Influence on African Mining Development

August 5, 2011 by prospectingjournal · Leave a Comment 

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 [...]

Sweet Dreams and Nightmares Await US Jobs Report

August 5, 2011 by prospectingjournal · Leave a Comment 

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 [...]

Debt-Terrorism and Gold Records: Just Another Day

August 4, 2011 by prospectingjournal · Leave a Comment 

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, [...]

This is not about gold cresting at $2,000 . . . Individual Prosperity remains the focus

August 3, 2011 by prospectingjournal · Leave a Comment 

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 [...]