India prepares for shining return of gold demand … Festival season is kicking off in India – a period in which gold sales traditionally spike in the world's largest consumer market for the precious metal. This year investors are watching the key market particularly closely, following a period of muted demand when bourses have rallied and supply has been choked. The recently elected...Read More
Agnico Eagle Mines (TSE:AEM) announced Monday it plans to buy Mexico focused exploration company Cayden Resources (CVE:CYD) in a predominantly shares-based deal worth $205 million.Agnico says the deal values Cayden at $3.79 per share- a premium of 42.5% to the Vancouver-based company's recent price performance on the venture exchange.On the Toronto Stock Exchange, Agnico shares closed down 86 cent...Read More
Mario Draghi cannot launch QE without German political assent … It is surely wishful thinking to suppose that the ECB is ready to launch full-fledged QE, given its political make-up … Mario Draghi's comments on the eurozone economy at Jackson Hole have put him in direct conflict with Berlin – UK TelegraphDominant Social Theme: These last five years have been a problem, but no...Read More
The Government Wants to Buy 12 Acres of Marijuana – for Research …The NIH is looking for pot farmers. An arm of the National Institutes of Health dedicated to researching drug abuse and addiction "intends" to solicit proposals from those who can "harvest, process, analyze, store and distribute" cannabis, according to a listing posted Tuesday night on a federal gover...Read More
Mario Draghi cannot launch QE without German political assent … It is surely wishful thinking to suppose that the ECB is ready to launch full-fledged QE, given its political make-up … Mario Draghi's comments on the eurozone economy at Jackson Hole have put him in direct conflict with Berlin – UK TelegraphDominant Social Theme: These last five years have been a problem, but no...Read More
The Government Wants to Buy 12 Acres of Marijuana – for Research …The NIH is looking for pot farmers. An arm of the National Institutes of Health dedicated to researching drug abuse and addiction "intends" to solicit proposals from those who can "harvest, process, analyze, store and distribute" cannabis, according to a listing posted Tuesday night on a federal gover...Read More
Gold has been and still is a favored investment commodity around the globe. But in today's challenging mineral commodity markets, investors are highly sensitive to a mine's production costs.Gold grade is a profitability driver for a mine; lower ore grades have a significant impact on production costs.According to GFMS' 2013 Gold Survey, the large increase in cash costs for the top gold miners in t...Read More
The Sky Is Falling on Chinese Corporations … The four largest banks in China, the banks that have to officially show big profits and profit growth no matter what because they're an integral part not only of the government but also of China's miraculous debt-driven expansion, are showing officially tolerated signs of increasing stress. – WolfStreetDominant Social Theme: There ar...Read More
Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge … "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue;...Read More
The Sky Is Falling on Chinese Corporations … The four largest banks in China, the banks that have to officially show big profits and profit growth no matter what because they're an integral part not only of the government but also of China's miraculous debt-driven expansion, are showing officially tolerated signs of increasing stress. – WolfStreetDominant Social Theme: There ar...Read More
Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge … "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue;...Read More
US Signs Agreement with Mexico to Protect Mexican Workers–Including Illegals … At a signing ceremony … the U.S. government, through the Equal Employment Opportunity Commission (EEOC), entered into a Memorandum of Understanding (MOU) with the Mexican government to allow Mexican Nationals – regardless of immigration status – to "exercise their workplace rights.&quo...Read More
Current Congress might be history's worst at passing laws … It seems like there's not a whole lot being accomplished in the Capitol with the current group of legislators. The current Congress is on track to be the worst ever at passing laws since modern record-keeping began, with three of its lawmakers failing to introduce a single bill, The Post has learned. The divided House and Se...Read More
US Signs Agreement with Mexico to Protect Mexican Workers–Including Illegals … At a signing ceremony … the U.S. government, through the Equal Employment Opportunity Commission (EEOC), entered into a Memorandum of Understanding (MOU) with the Mexican government to allow Mexican Nationals – regardless of immigration status – to "exercise their workplace rights.&quo...Read More
Current Congress might be history's worst at passing laws … It seems like there's not a whole lot being accomplished in the Capitol with the current group of legislators. The current Congress is on track to be the worst ever at passing laws since modern record-keeping began, with three of its lawmakers failing to introduce a single bill, The Post has learned. The divided House and Se...Read More
Limits to Growth was right. New research shows we're nearing collapse … Four decades after the book was published, Limit to Growth's forecasts have been vindicated by new Australian research. Expect the early stages of global collapse to start appearing soon … The 1972 book Limits to Growth, which predicted our civilisation would probably collapse some time this century, has be...Read More
Fed: US consumers have decided to 'hoard money' … One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their...Read More
Limits to Growth was right. New research shows we're nearing collapse … Four decades after the book was published, Limit to Growth's forecasts have been vindicated by new Australian research. Expect the early stages of global collapse to start appearing soon … The 1972 book Limits to Growth, which predicted our civilisation would probably collapse some time this century, has be...Read More
Fed: US consumers have decided to 'hoard money' … One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their...Read More
Teck Resources Limited (TSX-TCK.B) is a diversified resource company with business units focused on copper, steelmaking, coal, zinc and energy. The company owns or has an interest in 13 mines in Canada, the U.S., Chile and Peru, as well as one large metallurgical complex and a wind power facility in Canada.Teck's financial results depend on prices for the commodities it produces, sells and uses in...Read More