Investors have been speculating for years about the demise of the "petrodollar" deal struck by Henry Kissinger and Treasury Secretary William Simon in 1974.It was first set up between the U.S. and Saudi princes to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.In 1974, the price of oil was...Read More
"Those crimes are lying to Congress, misleading Congress, leaking classified information."Continue...Read More
Europe’s 2nd biggest gold mine could beabout to make early investors rich.This story beginsover 2,000 years ago when the Romans dug up $16.8 billion in gold in Romania...Using hammers and buckets. And now a little company with big ambitionsis coming back to the same site to unearth the rest. Using modern technology, they’re hoping to exploit an estimated$13.3 billion find. Smart invest...Read More
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Economists and market analysts often make volte-face. We remember that in 2018 the pundits were heralding the synchronized global growth. One year later all the talking heads prophesy the synchronized global slowdown. What is happening? How serious is the current slump? And what are the implication for the precious metals market?Well, it's true that the global economy did not start 2019 the best....Read More
The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold s...Read More
The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold s...Read More
China's on a bullion-buying spree. The world's second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings.The People's Bank of China raised reserves to 60.62 million ounces in March from 60.26 million a month earlier, according to data on its website. In tonnage terms, last month's inflow was 11.2...Read More
Money manager Adrian Day looks at recent results from several royalty companies in his portfolio, as well as recent developments in the ongoing Goldcorp saga, and provides updates on a couple of favorite exploration companies.Goldcorp Inc. (G:TSX; GG:NYSE, US$11.52) looks set to be acquired by Newmont, but not without continuing controversy, particularly over chairman Ian Telfer's egregious "retir...Read More
Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial...Read More
Jason talks about President Trump calling for QE4 (and rate cuts on Friday) in addition to other important global macro topics.Read More
Daniel Ameduri gives us a first hand report from the Southern White House. All Presidential functions are now tightly controlled, attendees are required to surrender their cellphones and electronic devices before meeting with President Trump. No pictures are allowed. Dan was part of a very diverse group. Children were in attendance. It was a great event with a wonderful brunch. Dan also got the w...Read More
The Wave of Mega-IPOs is already baked into the cake.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 Ford...Read More
Since 2004, twenty large federal agencies admit paying out an astonishing $1.2 trillion in improper payments. That amounts to more than one-quarter of President Trump's Continue...Read More
By unanimous vote on March 8, the West Virginia Legislature approved Senate Bill 502, originallyContinue...Read More
Platinum has a brief but clear history as a leading indicator for Gold.Continue...Read More
Money manager Adrian Day looks at recent results from several royalty companies in his portfolio, as well as recent developments in the ongoing Goldcorp saga, and provides updates on a couple of favorite exploration companies.Goldcorp Inc. (G:TSX; GG:NYSE, US$11.52) looks set to be acquired by Newmont, but not without continuing controversy, particularly over chairman Ian Telfer's egregious "retir...Read More
Jerome Powell has denounced MMT has "just wrong", but many Wall Street luminaries have surprisingly communicated an openness to the proposal. Most recently Continue...Read More
Money manager Adrian Day looks at recent results from several royalty companies in his portfolio, as well as recent developments in the ongoing Goldcorp saga, and provides updates on a couple of favorite exploration companies.Goldcorp Inc. (G:TSX; GG:NYSE, US$11.52) looks set to be acquired by Newmont, but not without continuing controversy, particularly over chairman Ian Telfer's egregious "retir...Read More
Money manager Adrian Day looks at recent results from several royalty companies in his portfolio, as well as recent developments in the ongoing Goldcorp saga, and provides updates on a couple of favorite exploration companies.Goldcorp Inc. (G:TSX; GG:NYSE, US$11.52) looks set to be acquired by Newmont, but not without continuing controversy, particularly over chairman Ian Telfer's egregious "retir...Read More