Vancouver-based Kenadyr Mining (TSX-V: KEN) announced today that it has entered into a non-binding letter of intent in connection with a proposed option and joint venture agreement with Gold Mountains Asset Management in respect of the Borubai gold project, located in the Kyrgyz Republic in Central Asia.In a press release, the miner explained that the plan is to grant Gold Mountains an exclusive o...Read More
Will Rhind has seen the top of the gold market, and the bottom. Now, the leader of the fastest-growing bullion-backed ETF in the past year is redefining it by forcing down the fees paid by investors.Rhind, 39, joined the World Gold Council, the company behind SPDR Gold Shares, in 2007, just as exchange-traded funds were starting to gain investor attention. He watched assets hit an all-time high in...Read More
Peru's environmental agency OEFA is investigating what looks like a tailings spill from Southern Copper's Cuajone mine into a river as the area where the operation is located has been inundated by heavy rains in the past four days.The authority detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the operation, located in the Moquegua region approximat...Read More
Gold convincingly crossed the falling channel hurdle on Friday, signaling an end of the corrective pullback from recent highs above $1,325. So far, however, the bull breakout has not emboldened the bulls. 4-hour chart The falling channel breakout seen in the above chart represents a bearish-to-bullish trend change. Put simply, the doors have been opened for a test of the recent high of...Read More
* FTSE 100 up 0.8 pct * FTSE 250 up 1 pct * BATS, Imperial Brands gain * Smith & Nephew slumps after M&A chatter * Mid-cap Metro Bank jumps on rating upgrade (Changes quote, updates to closing prices)By Muvija M and Shashwat AwasthiFeb 11 (Reuters) - British blue-chip names bounced back onMonday buoyed by strength in bank and consumer shares, while astronger dollar lifted companies with gr...Read More
Russia's largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.Adjusted net profit for the full year rose to $1.33 billion, Polyus said, up from $1.02 billion in 2017.Shares in Polyus were down 0.7 percent at 0828 GMT.The company also said adjust...Read More
LONDON, Feb 11 (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus de...Read More
Gold is doing its seasonal thing, up from $1,200/oz in Q4 2018 to its current price of $1,314/oz.Further, gold miners, particularly 3 Canadian developers: Pure Gold Mining, Marathon Gold, and Sabina Gold and Silver have outperformed not only gold but the mining ETFs, GDX and GDXJ, ytd.The outperformance of the aforementioned Canadian developers are worth tracking as they could be signaling that in...Read More
As the deadline looms to come up with a plan to save the U.S. from another partial government shutdown, the White House signaled that the possibility of a closure was still "on the table" while a stall in negotiations was reported over the weekend. Mick Mulvaney, acting White House chief of staff, said on Fox News Sunday that a "government shutdown is technically still on the table -- we do not...Read More
Bob Moriarty ArchivesFeb 11, 2019I talked about Benchmarkback in October of 2018. Even though gold and silver have done well since then, the juniors still suck. BNCH was $.25 then and $.185 now. I don’t expect that to continue for long if they keep delivering outstanding drill results as they just have from the Lawyers project in the heart of British Columbia.For some reason investors tend t...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold business"Who on earth, or in global finance, will buy this looming mountain of Treasuries?""Investment in gold now is insurance. It's not for short-term gain, but for long-term protection. I view gold as the primary global currency. It is the only currency, along with silver, that does not re...Read More
StrengthsThe best performing metal this week was palladium, up 3.63 percent as hedge funds boosted the net-long position to the most bullish in five weeks, CFTC data showed for early January. Gold traders and analysts remain bullish on the yellow metal for the 13th straight week, even as gold fell on a stronger dollar and weaker demand from Asia during Lunar New Year, according to the weekly Blo...Read More
By: Keith Weiner, Monetary MetalsLast week, in part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner's macroeconomic aggregate measures like GDP are blind to the problem of capital consumption, including especially capital consumption caused by the central plan itself. GDP has an intrinsic bias towards consumption, and makes no distincti...Read More
The rally that powered stocks to record January gains went flat last week, but for a bullish reason: sustainability. DaBoyz are in no rush to foster the illusion that new record highs are possible. Accordingly, they have adopted a go-slow approach that the news media and investors can literally buy into. Keep in mind that if the Masters of the Universe are very successful in keeping this decepti...Read More
Much like the soldier during the Vietnam War who notably quipped - We had to kill the village to save it, Paul Krugman probably believes that we need to kill the economy before it can be saved. He should be thrilled with the Trump Admin's debt on steroids policy. After all Krugman was always saying the answer to what ails the economy is debt and more debt. Predictably Krugman is calling for a rece...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
The State of the Union isn't as great as some would have you believe. Interest payments have hit $400 billion per year. Trump taking ownership of the economy is a mistake because it could come tumbling down at any time. Daniel believes the Dems are too self-interested in their own power and have given up any semblance of caring for the people. Identity politics and slash and burn is what they're a...Read More
President Trump is expected to sign an executive order on Monday launching the American Artificial Intelligence (AI) initiative which outlines "bold, decisive actions to ensure that AI continues to be fueled by American ingenuity, reflects American values and is applied for the benefit of the American people." But is this initiative good the nation or for individuals around the world?Read More
Jason talks about the Fed debating if balance sheet should be a regular tool.Read More
It's official, they're voting with their feet! Upon passage of the new tax law, FSN foresaw a human exodus from high tax to low tax states. The left wants you to believe thatContinue...Read More