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
Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business.Continue...Read More
The future holds a changing landscape for miners' skillsets in Australia. A vast 77% of mining jobs will be enhanced or redesigned due to technology within the next five years, an EY report for the Minerals Council of Australia on the Future of Work in Mining released today reveals.The report is built on EY's Digital Mining Report on the minerals industry, and tales a closer look at the influence...Read More
The politicians have a golden rule. When the courts prevent them from raising a tax, they call it something else to impose it. Massachusetts, the bastion of political Marxism, attempted Continue...Read More
Now that it's a widely accepted "conspiracy theory" that the next time markets crash, the blame will Continue...Read More
Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level."John really drove this business on multiple fronts, but his primary focus was the debt," Barrick CEO Bristow said Wednesday in an interview at Bloomberg's Toronto office, referring to the miner's executive chairman, John Thornto...Read More
From the beginning of 1990 hyperinflation has occurred in 28 bth_hyperinflationcountries Continue...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has discovered the Babi Sur silver-gold vein on its Las Chispas property in Sonora, Mexico, through recent drilling.The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur. The vein sits parallel to the project's Babicanora vein, about 300 metres away. The company has now found six high grade veins at La...Read More
Just seven weeks into the job, Barrick Gold Corp.'s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.Barrick's main project, the Veladero joint venture with Shandong Gold in Argentina, isn't performing like a tier one asset, Mark Bristow said on Wednesday. In 2019, Veladero is expected to have the highest cost per ounce in Barri...Read More
At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last yearThe southern African nation has bee...Read More
* Sibanye in talks to cut almost 6,000 jobs* Plans to restructure struggling gold operations* Shares up, outpacing mining index (Adds mines minister, analyst comment, shares, background)Sibanye-Stillwater could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations following losses at some of its mines last year.The precious metal miner said it had entered into...Read More
Sierra Metals (TSX: SMT) is one step closer to expanding its Yauricocha mine in Peru.This week, the miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the polymetallic mine.The positive answer follows an initial negative issued in December 2016 by Peru's National Environmental Certification Service to Sierra's subsidia...Read More
I've written about and given presentations on Bitcoin for years now. As an IT specialist with strong connections to the financial community, you'd expect me to be one of the many people blindsided by the allure of Bitcoin-based solely on its technological appeal. Imagine a reinventing of money. A completely manipulation free currency made of digital bits with a predictable supply growth curve, som...Read More
The gold mineralization at the Nevada deposit remains open in all directions. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported in a news release phase 2 results from 18 reverse circulation (RC) drill holes and one core hole from the Dixie deposit and the Arcturus target to the west, both at the Railroad-Pinion project in Nevada. "Two RC holes at Dixie intersected thick, vertically co...Read More
A ROTH Capital Partners report presented and commented on the Canadian company's early-stage metallurgical findings. In a Feb. 7 research note, Joe Reagor, a ROTH Capital Partners analyst, reported that New Pacific Metals Corp.'s (NUAG:TSX.V; NUPMF:OTCQX) initial metallurgical test results from its flagship Silver Sand project in Bolivia are "positive." Specifically, Reagor indicated, recovery ra...Read More
U.S. retail sales plummeted in December to the worst levels in more than nine years, suggesting a sharp slowdown in economic activity at the end of 2018.Continue...Read More
The Nasdaq was able to manage a small win on the day U.S. stocks started the day deep in the red following a stunningly bad retail sales report, sparking murmurs of a potential recession. While the major indexes were able to pare much of the losses, traders were hit late in the day with news that President Donald Trump plans to declare a state of emergency to get funding for his border wall after...Read More
One CTL option bear may be rolling their July puts downIt's a mostly lower session on Wall Street today, as traders react to a dismal retail sales report. Among individual stocks making notable moves are retailer Canada Goose Holdings Inc (NYSE:GOOS), New York-based real estate investment trust (REIT) SL Green Realty Corp (NYSE:SLG), and telecommunications name CenturyLink, Inc. (NYSE:CTL). Here's...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
Subscribers just doubled their money with the May 62.50 callSubscribers to Schaeffer's Option Advisor newsletter doubled their money with the Progressive Corp (NYSE:PGR) May 62.50 call. Here's a quick look at why we expected an outsized move from the insurance stock, and how the profitable options trade unfolded.At the time of our recommendation on Friday, Jan. 25, insurance concern PGR had just...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More