Famed physicist Stephen Hawking died Tuesday at the age of 76, and before he departed this world, he left us with warnings that Earth is headed for a "catastrophic ending" in the near future. This doom will not come from a fiery asteroid or even global warming, but from rising inequality fueled by increasingly smart robots, Hawking said. "Intelligent future AI will probably develop a drive to sur...Read More
Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said.Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years, but Boubou Cisse told reporters during a joint news conference with an...Read More
January profits from Egypt's sole gold-exporting mine are making headlines in the country.According to local media, the Sukari gold mine, which is owned in equal parts by Jersey-based Centamin (TSX:CEE) (LON:CEY)and the Egyptian Mineral Resource Authority, provided $14.4 million in revenues to the latter during the first month of 2018.Citing Centamin's Chairman of Mineral Exploration and Mining, Y...Read More
January profits from Egypt's sole gold-exporting mine are making headlines in the country.According to local media, the Sukari gold mine, which is owned in equal parts by Jersey-based Centamin (TSX:CEE) (LON:CEY)and the Egyptian Mineral Resource Authority, provided $14.4 million in revenues to the latter during the first month of 2018.Citing Centamin's Chairman of Mineral Exploration and Mining, Y...Read More
The U.S. Environmental Protection Agency sent a letter to the Michigan Department of Environmental Quality saying it was objecting to the state's wetlands permit for the Back Forty open-pit mine, located in the southern part of Michigan's Upper Peninsula along the Menominee River.The zinc, copper and gold project is being proposed by Toronto-based Aquila Resources (TSX: AQA) and it contemplates mi...Read More
Tim Sykes here, taking over from Nilus.When most people fantasize about being a millionaire, they think about the sexy parts.The hot cars...The cool house…Maybe even swimming through a pool of money, Scrooge McDuck-style...Don't worry: With time and effort, these things can be yours.But to get there... you're going to have to wade through some slightly less glamorous times and put in a lot o...Read More
Bill Miller was the former Chairman and Chief Investment Officer for Legg Mason Capital Management where he managed over 75 billion dollars. He has been called "The Greatest Money Manager of the Decade" by Morningstar, a member of the "Power 30" by SmartMoney, and a member of the "All-Century Investment Team" by Barron's. During the discussion, Mr. Miller talks about the current market conditions,...Read More
"Businesses that make money by collecting and selling detailed records of private lives were once plainly described as 'surveillance companies,'" Snowden tweeted.Continue...Read More
According to the latest available data, foreigners owned 48% of all Treasury debt. Although it's still high, the Wells Fargo economists note that it is down from 60% in 2008. Though following the implementation of trade tariffs it is very likely that this percentage of foreigners owning 48% of all Treasury debt will decline further because as stated before the central banks will get in less US dol...Read More
You know the expression: "Get in, strap down, shut up, hang on!" For the agonizing narrow road upon which Gold has been slowly trudging these recent weeks is due to suddenly widen into a superhighway. And there's no week like this new week for it to happen. But here's the key question: in which direction? Up or down? Doubtless in a week's time we shan't find Gold where it settled yesterday (Friday...Read More
Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it's been building a pennant formation. I don't know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today's "regulated" markets isn't what it used to be. However, I'm still short term bullish, expecting more BEV Zeros in the Dow Jones' BEV chart before t...Read More
Gold closed the week at $1312 but has downside risk to $1290-$1300 with strong support at $1265. Gold Stocks have already discounted this weakness in Gold and could reach an oversold extreme over the next week or two. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which...Read More
I have written many times about the deep corruption among the political class. The way they have always taken bribes is through their families. I have Continue...Read More
Following in the footsteps of Facebook and Google's, Twitter is now planning to ban advertisements for cryptocurrencies and ICOsContinue...Read More
Nearly a month after Reuters reported that Liu He - a Harvard-educated senior government bureaucrat and longtime friend of Xi - had become the frontrunner to replace Continue...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
The slow-motion train wreck of "social credit" systems and the "gamification" of society has moved to the next stage. Now the Chinese government is going to start barring people from flying or riding trains if their social credit score is not up to snuff. China may be the test case for these ideas, but they're already being rolled out in other countries. So what are we going to do about it?Read More
Adam HamiltonArchivesMar 16, 2018 The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing...Read More
Here Are 3 Hot Things to Know About Stocks Right Now For the week the Dow dropped 1.54%, the S&P 500 slipped 1.25% and the Nasdaq fell 1.04%The Dow is now more than 1,600 points below its all-time high reached on Jan. 26.A report from Bank of America Merrill Lynch said equity inflows were on pace for a record $717 billion in new funds this year, after an all-time high of $43.3 billion was re...Read More
Investors are pouring money into equity funds at a record pace, according to Bank of America Merrill Lynch data, and outpacing cash into fixed income investments for the first time in five years even as markets stall in the face of rising political risks and concerns of a global trade war. BAML's 'Flow Show' report suggests equity inflows are on pace for a record $717 billion in new funds this y...Read More