The Critical Investor reviews Golden Arrow's deal with SSR Mining to sell its remaining interest, and also discusses the company's other projects. Puna Operation; Chinchillas MineGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) recently ended the seven-year-long Chinchillas adventure, by closing the deal involving selling its 25% interest in Puna Operations to SSR Mining Inc. (SSRM:...Read More
StrengthsThe best performing metal this week was palladium, up 2.57 percent as hedge funds increased their bullish positioning to an eight-week high. Gold traders and analysts were split between bullish and bearish on the yellow metal this week in the Bloomberg survey despite the metal's price swings. On Monday, ETFs added 498,162 troy ounces of gold to their holdings, the most in three months...Read More
Keith Weiner, Monetary MetalsWe discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let's consider some concrete examples, to help make it clearer.Flipping Homes, Consuming CapitalFirst, let's look at the case of Timothy Housetrader. Tim has a small two-bedroom house. Next door, his neighbor Ian Idjit, owns a fo...Read More
Readers rightfully took me to task last week for putting out two headlines that appeared to at least mildly contradict one other and which taken together could only have left one wanting more clarity. The first said Don't Load Up on Puts Quite Yet; the second, There's Still Time to Load Up on Puts. So which is it? Do we get short here, or not? Well, the answer, like the market itself,...Read More
David HaggithConspiracy theories are like crime novels. You can create an infinite number of them, and all they require is a plausible plot built from real facts with enough twists to keep them interesting. That's why I don't spend my time trying to discern if any of them are true though some may be but now I'm going to write one of my own. I find it completely plausible, fully in line with...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
Dear Friend of GATA and Gold:Euro Pacific Capital's Peter Schiff said this week that the recent indictments of three more traders at JPMorganChase on charges of manipulating the monetary metals market "do not vindicate all the conspiracy theories alleging that there has been a concerted effort by big banks to artificially suppress the price of gold in order to keep the fiat monetary system going...Read More
Uncertainty Principle(Dis) EquilibriumInsane IdeasA Tribute to Art Cashin and New YorkI often say a writer is nothing without readers. I am blessed to have some of the world's greatest. Your feedback never fails to inspire and enlighten me.Last week's That Time Keynes Had a Point letter brought many more comments than usual. Apparently Keynes is still provocative 73 years after his death, no m...Read More
The #1 concern most Americans have when it comes to retirement is paying for health care.According to a recent survey from Merrill Lynch and Age Wave, those age 65 and over ranked health as their greatest source of worry.With rising health care costs and longer life expectancies, it's no wonder covering medical expenses tops most retirees list of retirement worries.Add to that an unpredictable fut...Read More
Government is not targeting terrorism or terrorists: they are targeting average American citizens.Continue...Read More
Climate change alarmists have convinced the public something must be done now. The reports are easily debunked as fraud.Continue...Read More
*This interview was recorded on 9/30/19Mohamed El-Erian, Allianz chief economic advisor, joins "Squawk Box" to discuss how he would insulate himself if he was managing money.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond...Read More
Next for the Canadian company and its asset is updating the mineral resource estimate. Revival Gold Inc. (RVG:TSX.V) reported in a news release that additional drill results from its Arnett project in Idaho continue to expand the oxide gold target there.Specifically, six holes were drilled in the Haidee target, and all of them hit near-surface oxide mineralization in altered and/or faulted granit...Read More
Company notes "significant increases in gold grade and ounces of gold." Wesdome Gold Mines Ltd. (WDO:TSX) updated the mineral resource estimate for its Kiena mine complex in Val d'Or, Quebec, it announced in a news release. The updated estimate includes 36,050 meters (36,050m) and 140 holes more of drill data than the previous one from December 2018. Data from 66 of those holes, covering 18,365m,...Read More
Following the attacks on key crude oil production facilities in Saudi Arabia, President Donald Trump announced the authorization of the release of oil from the U.S. Strategic Petroleum Reserve (SPR) to keep the market well supplied. This move changes nothing in the way the SPR is governed. The market, not the President, should determine the release of the massive SPR. Government stockpiles are not...Read More
On September 14th, drones targeted Saudi Arabia's Abqaiq oil refinery and Khurais oil field. The strikes reportedly knocked out more than half of Saudi Arabia's total output. That amounts to a whopping 6-7% of the global daily oil supply. Not surprisingly, before the dust had settled, the press sounded an alarm and spread fear. Then, President Trump jumped in, claiming the attack “won't affe...Read More
Signs are now all over Silicon Valley and San Francisco.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large F...Read More
"The two sides should find a solution through equal dialogue in accordance with the principle of mutual respect, equality and mutual benefit," Wang said.Continue...Read More
Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cashContinue...Read More
Following the attacks on key crude oil production facilities in Saudi Arabia, President Donald Trump announced the authorization of the release of oil from the U.S. Strategic Petroleum Reserve (SPR) to keep the market well supplied. This move changes nothing in the way the SPR is governed. The market, not the President, should determine the release of the massive SPR. Government stockpiles are not...Read More