SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 13 (Reuters) - Lead prices sank to the lowest innearly three years on Monday on worries that industrial metalsdemand would suffer from renewed U.S.-Chinese trade tensions.Aluminium saw the lightest losses after reports of reducedsupply of raw material alumina from China.Metals slid along with other financial marke...Read More
Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More
Gold has been stuck in neutral despite a plethora of geopolitical developments that would typically push the precious metal higher.Apparently, it will take an actual "event" to impact gold sentiment, though any objective investor would agree the odds of such an event have risen dramatically over the past few weeks.I continue to recommend American investors have a small to medium position...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
StrengthsThe best performing metal this week was gold, up 0.54 percent. Gold traders ended the week neutral on the price of gold as many are awaiting more details on the trade talks between the U.S. and China, according to the weekly Bloomberg survey. The BullionVault gold index measuring the balan...Read More
By: David HaggithSo much for the trade war being "good and easy to win." Let's be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget and every business budget in town.If you think Trump's boosting of the amperage means China will settle quickly, you m...Read More
My minimum upside target for the S&P 500 is still 3095, about 7.4% above these levels, and I am sticking with it. A corresponding rally in the Dow Industrials would leave them just shy of 28,000. Let me also mention that last week's nasty selloff would have tripped a 'mechanical' buy signal if the S&Ps had fallen just a little farther. The rally targets are purely technical and go directly aga...Read More
Traders will prefer to be long gold than short gold. I was hoping that sense will prevail in Trump and that a trade deal would be done with China on the weekend. Trump tweets suggest that he has refused to budge and will not budge for the rest of the his term which ends in January 2021. It is very difficult to predict the real long term impact of the US-China trade on China and rest of the wor...Read More
Kent Collier and Sarah Gefter of credit research firm www.reorg.com call in to discuss the latest happenings in distressed debt.3:51 2007, then and now7:16 Taking inventory of the cycle12:51 The J. Crew "trapdoor." Innovation or gimmick?18:02 Deteriorating accounting standards20:38 Issues that might ring the bellJames "Jim" Grant is an American writer and publisher and the founder of Grant's Inter...Read More
If the economy looks so great then why would anyone be worried about it. As John and Andy point out there's lots to worry about and that's why gold prices are breaking $1300 yet again. No doubt, President Trump will pull another rabbit out of a hat with China Trade, but then what? Debt keeps going up and so do entitlements and the demise of social security is just around the corner. And it's not m...Read More
Greg Weldon of Weldon Financial joins Chris Gleason for a sensational interview on how he views the precious metals now and which one he favors over the others. Plus, Greg has some warnings about why a failure to finalize a trade deal with China very soon could be very problematic for the U.S. stock market. So, be sure to stick around for one of our very favorite guests, Greg Weldon, coming up aft...Read More
"We're living in a complete and total farce."Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Mark...Read More
The Swedish government said Monday they would reopen an investigation into a rape allegation against Julian AssangeContinue...Read More
It's a measure of modern financial markets' absurdity that bets on bets on bets have come to seem normal. Maybe acronyms like CLO and CDO make them sound scientific. OrContinue...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Bitcoin surged to almost $8,000 on Monday and didn't look back, as its longest winning streak in six years continued to rekindle theContinue...Read More
Saudi Arabia says two of its oil tankers had been sabotaged near the United Arab Emirates in an important shipping lane that sees a large amount of oil transported each yearContinue...Read More
Gold is threatening to breakout to the upside out of a trading range with $1280 on the bottom and about $1292 on topContinue...Read More