During this 35+ minute interview, Jason asks Danielle about what type of Fed Chairman she thinks Jerome "Jay" Powell will be, why the Fed didn't hike rates again last week, why they might hike again in June, and why the Fed should be worried about inflation. Jason also asks Danielle about China's economy and their credit bubble, the looming commercial real estate crisis in the US and about FED Coi...Read More
Max interviews Mish Shedlock of MishTalk.com about the economic and inequality disaster that central banks have wrought. They also discuss the latest jobs and GDP numbers.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post....Read More
:UnlessU.S.A. decides to go to War to Impress Stormy Daniels. By some reports, PresidentTrump’s Iran-decision caused oil prices to “jump 3%”. Actually that was intra-day;the change day-on-day was 1.7%. The probability the mini-jump was not caused bythe announcement is 59%; since the null-hypothesis needs less than 5% to becalled “statistically-significant”, that&rsquo...Read More
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 dealership and its subsidiaries. Read More
North Korea has announced on official state media it will be dismantling its nuclear test site prior to its meeting with President Trump next monthContinue...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
BMO Capital Markets reviewed the latest news involving this gold miner, the announcement of Q1/18 results and a foreign government's request. Gold barsIn a May 8 research note, Andrew Kaip, a BMO Capital Markets analyst, reported that Kinross Gold Corp. (K:TSX; KGC:NYSE) achieved "a solid earnings beat on strong production and lower costs" in Q1/18, but concerns involving the Mauritanian governme...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:MEPAUDDescriptionMinotaur Exploration are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial05/12/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$14.37M$14.37M05/12/2018$0.00MTotal Assets:$9.96M$9.96M05/12/...Read More
In other words, just confiscate wealth from current owners because they will pay, whether they stay or not, through an immediate reduction in home value.Continue...Read More
Kirkland Lake Gold is by far the best up-and coming gold miner I am aware of. And Novo Resources Continue...Read More
U.S. dollar strength has been prevalent throughout this year. Its effect has resulted in strong headwinds for the precious metals complex. Dollar strength has been the most significant force involved with limiting any real upside movement. On February 16, the dollar index traded to the lowest price point this year when it reached 88.15. From February up until this week, the dollar has gained almos...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort198,54891,10857,613181,586316,570437,747465,291Change from Prior Reporting Period -11,029-11,690-8,5431,8514,963-17,721-15,270Traders18783864953282184 Small Speculators LongShortOpen Interest 53,65126,107491,398 1,363-1,088-16,358 non reportable positionsChange from the previous...Read More
Global demand for gold is increasing while new discoveries of gold remain small Gold mining output in Australia is forecast to decrease by 50% in the next eight years Decline in global gold mining supply makes a price increase almost certainGold nugget (placer gold) from Colorado, USA. Source: Commons.wikimedia.orgby Lawrence Thomas, Gold TelegraphThe demand for gold is increasing, yet new di...Read More
The government of the Canadian province of British Columbia and the Nisga'a Nation signed an agreement today that ensures that the latter receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.The project, owned and operated by Pretium Resources (NYSE:PVG), is an underground mine that has been operational since April 2017. It is located 65 kilometres north of the town o...Read More
The NuevaUnion gold and copper project in northern Chile plans to deliver its environmental impact statement by the end of 2018 after completing feasibility studies earlier this year, a source at the mine said on Friday.The project joins two mines - one belonging to Goldcorp and the other to Teck Resources - into one. The company said preliminary investment could reach $3.5 billion."The plan is to...Read More
(Kitco News)- There is a severe mismatch between the long-term problemsour society faces and the short-sightedness of our policymakers, according toNew York Times best-selling author, Dambisa Moyo.The celebrated economist, who serves on the boards ofBarclays Bank and Chevron, argued that liberal democratic government systemshave not been conducive to solving the world’s most pressing socio-e...Read More
The blue-chip index grabbed a seventh straight positive finishThe Dow capped off a strong week by closing higher for a seventh consecutive session, securing its longest winning streak in six months. Healthcare stocks were in focus most of the day, as President Donald Trump outlined a plan he promised would "lower prices at the pharmacy counter." The S&P 500 also rose today, though a cooling tech s...Read More
SAN FRANCISCO (Reuters) - Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New...Read More
BERLIN/PARIS (Reuters) - Europe’s largest economies lobbied to protect their companies’ investments in Iran on Friday, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and threatened to impose sanctions on European companies.Germany and France have significant trade links with Iran and remain committed to the nuclear agreement, as does Britain, and the thr...Read More
(Kitco News)- Althoughzinc prices have dropped from their recent five-year highs, the market dynamicsare not expected to shift anytime soon and with little new production on thehorizon, the focus is returning to Ireland, a leading jurisdiction in thebase-metals space.Despitebeing one of the top mining jurisdictions in the world, Ireland has not been amajor focal point in the mining sector, until n...Read More