TOKYO (Reuters) - Nissan Motor Co Ltd (7201.T) said it was ousting Chairman Carlos Ghosn for alleged financial misconduct and Japanese media reported he been arrested, a shocking fate for a leader hailed for rescuing the company from close to bankruptcy.The Japanese automaker said Ghosn’s alleged misconduct included personal use of company money and under-reporting how much he had been paid....Read More
Just days after taking back the House, a Democratic Congressmen has proposed outlawing "military-style semi-automatic assault weapons" and forcing existing owners Continue...Read More
NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More
John and I have been talking for years about finally getting to the dreaded Minsky Moment, that time when an overly debt laden economy ceases to function. We've seen it in Venezuela and in Zimbabwe. Could it happen here? That's the huge question. We may not be Venezuela or Zimbabwe, we could easily see another financial crisis within the next few years. And based upon market behavior, states getti...Read More
YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More
Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to p...Read More
* Yuan ends onshore trading session at 6.9429 per dollar * Trump-Xi meeting at G20 remains in focus * China sold more U.S. Treasuries in October (Updated to onshore close, adds comments on U.S. Treasury data)By Noah SinHONG KONG, Nov 19 (Reuters) - The yuan dropped against thedollar on Monday as the United States kept up pressure on Chinain their bitter trade dispute and as expectations grew thatC...Read More
Investors with beaten-down gold/silver mining shares in their portfolio have three choices: Dump those losers for Continue...Read More
YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More
Superior Gold (TSXV: SGI; US-OTC: SUPGF) has announced results for 9,700 metres drilled across 51 holes aimed at expanding the reserves and resources at the Indian zone on its 100% owned Plutonic gold mine in Western Australia.The company currently has three diamond drills operating underground at the project. It has focused two on grade control and infill drilling and the third on resource and r...Read More
In mid-2018, First Vanadium drilled 69 reverse circulation holes as part of the phase two drilling program at its Carlin vanadium project, 9.6 km south of Carlin, NevadaOf those, 33 were step out holes and 36 were infill holes. The company recently reported results from 10 of those step out holes.The drilling focused on a 300 metre by 220 metre area and connected shallow near horizontal mineraliza...Read More
BOGOTA - Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.The financing law helps to guarantee the competitiveness of the industry that competes with countries like Peru and Chile for attracting investmentsThe...Read More
Import prices for steel slab in Southeast Asia and East Asia fell in the week to Monday November 19, on lower bids from suppliers and persistently low demand as a result of sluggish domestic hot-rolled coil sales.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on November 19, down $10 per tonne from a week earlier.Major Indon...Read More
"Some of you may have heard about the Saudi journalist and dissident Jamal Khashoggi,. He went into the consulate and he was immediately strangledContinue...Read More
LONDON, Nov 19 (Reuters) - Investment bank Goldman Sachssaid on Monday it expected a broad fall in the dollar next yearas U.S. economic growth slows to be more in line with the globalaverage.Goldman said the view meant it had revised it long-standingbearish view on the Japanese yen and tipped Latin Americancurrencies, the Swedish krona, Canadian, Australian, and NewZealand dollars and Israeli shek...Read More
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Pleasure to speak with you.Mickey Fulp: Thank you, sir.Maurice Jackson: Mickey, one of the concerns that I think speculato...Read More
Just when Deutsche Bank probably thought the worst of its legal troubles (over the Libor scandal, sales of shoddy mortgage-backed securities, FX and precious metal Continue...Read More
Sibanye Gold Ltd., which received a strike notice from South Africa's Association of Mineworkers and Construction Union, said it won't increase its current wage offer that was signed off on by other labor groups last week."AMCU has decided to go on strike," the union said Sunday on its Twitter feed. Sibanye will be given 48 hours to come back with a better offer, it said. The company said Monday i...Read More
HARARE - Zimbabwe will allow gold and platinum mining companies to retain up to 55% of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe's export earnings but the sector has seen some companies close due to a dollar crunch that has...Read More
The Pentagon has finally completed its first ever audit and the results are as many of us expected. After spending nearly a billion dollars to find out what has happened to trillions in unaccounted-for spending, the long look through the books has concluded that only ten percent of all Pentagon agencies pass muster. I am surprised any of them did.Even the Pentagon is not surprised by the failure o...Read More