The Swedish government said Monday they would reopen an investigation into a rape allegation against Julian AssangeContinue...Read More
It's a measure of modern financial markets' absurdity that bets on bets on bets have come to seem normal. Maybe acronyms like CLO and CDO make them sound scientific. OrContinue...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
When a housing bust gets big enough, there will be a mortgage crisis, and it will hit banks, shadow banks, and mortgage insurers no matter what the mortgage laws are.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)....Read More
Bitcoin surged to almost $8,000 on Monday and didn't look back, as its longest winning streak in six years continued to rekindle theContinue...Read More
While many factors contribute to their creation, market reversals only happen when a shift in sentiment occurs.That's why bull markets can go on for much longer than reason merits. As long as the marginal buyer is keeping the faith that he can sell toContinue...Read More
Saudi Arabia says two of its oil tankers had been sabotaged near the United Arab Emirates in an important shipping lane that sees a large amount of oil transported each yearContinue...Read More
Economist Judy Shelton, a Trump economic advisor and a gold standard advocate is rumored to be Trump's next Fed pick.Continue...Read More
Gold is threatening to breakout to the upside out of a trading range with $1280 on the bottom and about $1292 on topContinue...Read More
British Columbia's top mining companies have been on a roller-coaster ride over the past five years, according to data compiled for Business in Vancouver's Biggest Mining Companies in B.C. list.In 2015, Teck Resources Ltd. (TSX:TECK.B) (No.1 on BIV's list) and Goldcorp Inc. (TSX:G) (No. 2) suffered massive declines in net income.Teck's net income fell by $2.87 billion to $2.48 billion in the red...Read More
Even the richest mine eventually runs out.That's what's happening in South Africa, where AngloGold Ashanti Ltd. announced plans Thursday to dispose of its last remaining pit in the country, just as voters were heading to the polls for the sixth general election since the end of apartheid.A transaction for the Mponeng mine southwest of the capital Johannesburg is unlikely to rock financial markets...Read More
Nova Scotia is in the middle of a gold rush," said Sean Kirby, Executive Director of MANS. "One gold mine opened in 2017, four are in the permitting process and there is a lot of exploration taking place. The Nova Scotia Gold Show will be an opportunity for investors and exploration companies to learn about the exciting opportunities in Nova Scotia."The Gold Show will take place October 17-19,...Read More
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Sector expert Michael Ballanger muses on the effects of Twitter and political maneuvers on the markets, and specifically on a favorite gold explorer. I have a confession to make: There are no free markets anymore; there are only interventions. Of course, I bow to Gold Anti-Trust Action Committee (GATA) cofounder Chris Powell, who coined that brilliant phrase a few years ago, because it was certai...Read More
The S&P and Nasdaq also logged their worst losses in monthsThe Dow took a beating today, following China's retaliatory tariff hikes on $60 billion in U.S. goods. The index fell over 600 points by the end of the day, and marked its worst one-day percentage drop since early January. Tech and trade-sensitive stocks like Boeing (BA) were some of the hardest hit, and an inverted yield curve once again...Read More
Analyst have been hammering down on these stocks China's tariff retaliation has stocks pacing toward their worst day in months. Also in focus this afternoon are Dublin-based Endo International PLC (NASDAQ:ENDP), investment management firm Invesco Ltd. (NYSE:IVZ), and fast food concern Restaurant Brands International Inc (NYSE:QSR). Below, we will dive into what is moving the shares of ENDP, IV...Read More
Call traders could be betting on a 100%+ move from the sharesInsys Therapeutics Inc (NASDAQ:INSY) said after the close on Friday that it may need to file for bankruptcy because of its inability to pay for legal fees surrounding its fentanyl scandal. The stock has lost almost one-third of its value today to trade at $0.92, touching its lowest levels since 2011. Still, some risky speculators may be...Read More
The equities are attracting short-term option bullsWhile most stocks are swimming in red ink due to the escalating U.S.-China tariff war, blockchain-related stocks are bucking the trend to trade higher. More specifically, a big rebound in bitcoin has lifted penny stocks Marathon Patent Group Inc (NASDAQ:MARA) and Riot Blockchain Inc (NASDAQ:RIOT), and option bulls are speculating on even more upsi...Read More