Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Russia's Finance Ministry said on Wednesday that Russia had produced 314.42 tonnes of gold and 1,119.95 tonnes of silver in 2018.In the previous year, Russia's gold output was 306.9 tonnes and the country's silver output 1,044.3 tonnes.(By Darya Korsunskaya and Maria Tsvetkova; Editing by Alexander Smith)Read More
Sean Parker, chairman of The Parker Foundation, discusses big tech's data privacy problem.Read More
"The sun has been without spots for seven consecutive days - a sign that Solar Minimum is underway."Continue...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
It is critical to keep in mind that monetary policy changes impact the real economy at a lag of several quarters. So the tightening cycle that ran from Continue...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
Jason talks about Americans' Confidence About Their Own Finances Reaches Near-Record Highs https://247wallst.com/economy/2019/02...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
The United States has charged former U.S. Air Force intelligence officer Monica Witt with aiding Iran in a cyber-spying operation that targeted her former coworkers.Continue...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
Household debt is up 18 consecutive quarters to a new record high. Credit card stress is on the rise in most age groups.Continue...Read More
China's rebar prices dropped on Wednesday February 13 in both the domestic and export markets on pessimistic sentiment amid futures and billet losses. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($560-566) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, down 20 yuan per tonneTangshan billet prices decreased due to weakening demand and lower&nb...Read More
Following a painful decline, some quality mining shares are poised for recovery. Fund manager John Newell at Fieldhouse Capital Management explains his process to identify them. In the larger picture, the first chart shows the CDNX Index, which represents many of the junior mining companies we follow (but not perfectly). They tried to breakout in early 2018 after moving sideways for more than a y...Read More
Technical analyst Clive Maund charts a gold miner that is advancing its project to production. Kerr's Copperstone projectTo look at the stock charts for Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) you would think that it owns nothing more than a moose pasture where wild-eyed geologists get out of helicopters in huge anoraks with hoods for photo ops, instead of which it owns a respectable gold...Read More
"A development that is surprising during a strong economy and labor market": New York FedContinue...Read More
Socialist Venezuela's economic collapse and hyperinflationary spiral serves as a Continue...Read More
Alan Newman of http://www.cross-currents.net/ joins the commentary to discuss gold, the ultimate insurance policy. Three Manias In A Generation (2000, 2008, 2019) All End Badly. Current Price Earnings Ratio (30.02) Is Higher Than 1929. Gold Priced In Yen Near All Time High. Go to http://www.cross-currents.net/ to learn more. Thanks for listening to this week's McAlvany Commentary.Read More