A recent headline blasted the breaking news: “India to Pay Gold Instead of Dollars for Iranian Oil: Markets Stunned.” I too was stunned. That is one of the dumbest ideas to cross my desk in a long while.
Taking all the various factors into account, I am bullish on the copper price in the near term. A general range of $3.50-$4.00 per pound in 2012 will provide high margins for producers and stimulate mine production.
There have been few catalysts driving uranium stocks this summer. But the "Mercenary Geologist," believes that this market funk resembles the period that preceded one of the best junior resource bull markets ever seen.
With the patience of a good contrarian, the Mercenary Geologist has spent the last couple of months watching for buying opportunities among fundamentally strong micro caps that have drifted down in the summer doldrums - and pouncing on a select few.
For the diligent speculator, it makes sense to eliminate the many rare earth element pretenders from the few contenders as quickly and efficiently as possible. We can accomplish this task by employing simple economic parameters.
I've been waiting for indication of a long-term upside movement in the natural gas market for over three years. But in this case, it has never looked prospective enough for me to venture in. And frankly, that perplexes me.
My recent trip to Europe included four days in Portugal. The purpose was to examine Avrupa Minerals' Portuguese projects including its tungsten-gold project in the north and Pyrite Belt projects in the south.
Thorium as nuclear fuel is clean and safe and offers significant advantages over uranium. The technology for several types of thorium reactors is proven but still must be developed on a commercial scale.
The Mercenary Geologist has adopted a new prospector-generator model portfolio with an emphasis on good people. In this interview, he outlines the impact global volatility could have on junior mining companies.