Natural Resources
Walmart to sell Monsanto's GMO corn with insecticide engineered to liquify stomach linings of insects. But what does it do to humans?
Playing Cat and Mouse with Global Oil
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[[wysiwyg_imageupload:2420:]]By Frank Holmes
Oil markets took another dose of global geopolitics this week when the International Energy Agency (IEA) unexpectedly announced that it would be releasing 60 million barrels of oil from strategic petroleum reserves (SPR) around the globe. Thursday's surprise announcement gave oil prices a 4.5 percent hair cut and oil prices closed Friday at $91.25, down 20 percent from their April 29 peak.
Mineral Mountain to Drill Extension of Historic Straw Lake Beach Mine-Straw Lake Gold Project, Northwestern Ontario
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VANCOUVER, BC - Mineral Mountain Resources Ltd. (TSX V:MMV)
Highlights:
• 5,000 metre, Phase I drill program set to begin June 20th 2011,
• 700 level gold vein averages 0.43 oz/t gold / 16.9 inches over 447 feet (historical assays),
• Drilling designed to intersect previously untested high grade gold mineralization immediately below 700 level,
• Grab samples from wallrock in waste dump assay up to 12.8 g/t gold
Three Questions About Global Natural Resources
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[[wysiwyg_imageupload:2413:]]By Frank Holmes
Frank Holmes and the co-managers of the U.S. Global Investors Global Resources Fund (PSPFX), Evan Smith and Brian Hicks, participated in a special webcast for the Peak Advisor Alliance last week. Here are some candid portions of the Q&A:
Q. How are interest rates currently affecting commodity prices?
A. The magic number for real interest rates is 2 percent. That's when you can earn more than 2 percent on a U.S. Treasury bill after discounting for inflation. Our research has shown that commodities tend to perform well when rates fall below 2 percent.
Mineral Mountain's Cook Zone Expanding to Depth GH11-49 intersects Broad Interval of 133.3 Metres Grading 0.65 g/t Au Including 47.0 Metres Grading 1.47 g/t Au
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VANCOUVER, BC - Mineral Mountain Resources Ltd. (TSX V:MMV)
Highlights:
• Cook Zone displaying remarkable continuity and predictability geologically.
• DDH GH11-49 represents the deepest intersectionin the Cook Zone to date at -330 m.
• Potential to define an economic gold resource is considered to be high.
Edgewater Confirms Important Local Support for the Corcoesto Gold Project, Spain
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VANCOUVER, BC -Edgewater Exploration Ltd. (TSX-V:EDW)(OTCQX:EDWZF) ("Edgewater" or the "Company") is pleased to announce that it has received a strong endorsement from the Mayor of the Municipality of Cabana de Bergantiños in Galicia, Spain where the Company's Corcoesto Gold Project ("the Project") is located. The Company is in the advanced stages of gold exploration at Corcoesto and has recently started the initial phases of mine permitting with the Galician authorities. The State of Galicia is an autonomous region of Spain and all permits necessary to initiate mining are granted locally by the Galician Government authorities. Recently, the Government of Galicia certified a 90 year mining lease for the Corcoesto Gold Project.
MANILA, PHILIPPINES - Crazy Horse Resources Inc. (TSX-V:CZH) (the "Company") announces the results of a recent independent research study conducted by the University of Asia and the Pacific's Center for Research and Communication Foundation.
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The study analysed the expected positive economic impact of construction and initial production from the Company's Taysan Copper Gold Project in the Philippines on both a regional and national level, as follows:
Commodities Risk Trade
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By Adam Hamilton
Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled. Seemingly without rhyme or reason, commodities surge one day as traders crave riskier bets but then fall the next as they flee risk. While this commodities risk trade often looks capricious and schizophrenic, it actually has a logical and consistent driver. The state of the stock markets.
Crazy Horse Receives Government Endorsement to Develop Taysan
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MANILA, PHILIPPINES - Crazy Horse Resources Inc. (TSX-V:CZH) (the "Company") is pleased to announce that it has received a formal resolution of support to develop its Taysan Copper Gold project from the Provincial Board of Batangas, Republic of the Philippines and a formal resolution of appreciation from the Taysan Municipal Counsel.
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