Iranian exporters of semi-finished steel products, billet in particular, have come under pressure from the increasing presence of Chinese suppliers in the global market.The domestic billet price in northern China has fallen by 380 yuan per tonne since the beginning of the week, reaching 3,050 yuan ($439) per tonne ex-works on November 28.The drop in the domestic price made the export market more a...Read More
"The balloon has already been popped. The pin has popped the bubble, and now we are just going to work its way out. The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial market...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
China's domestic rebar prices bounced back on Wednesday November 28 amid gains in the futures market, though export prices continued to spiral downward.Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($547-551) per tonne, up 50-70 yuan per tonneNorthern China (Beijing): 3,490-3,520 yuan per tonne, up 20 yuan per tonneRebar futures picked up more strength during the day, which encouraged seller...Read More
The management at Vancouver-based Pure Gold must be pleased with the results of test mining at the Madsen gold mine 16 km west of Red Lake.The test is complete having mucked 7,096 tonnes of mineralization from three separate stoping areas, and the results exceeded expectations by almost any criteria.Using a 4.0 g/t gold cut-off, the bulk sample had 46% more tonnes, an 8% higher gold grade, and an...Read More
Aurelius Minerals of Vancouver has exercised its option early to acquire a 100% interest in the Mikwam gold property 160 km northeast of Timmins. The company issued 1.5 million shares as share option payments to the former owner, ALX Uranium Corp.Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX, and the company retains a 5% net smelter royalty.This acquisiti...Read More
"The history of colonialism has taught us that there is no democratic way to colonize other lands...It is about profit, and profit always marginalizes minorities."Continue...Read More
The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well as severa...Read More
Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.The company stated that the region is host to numerous operating mines, good infrastructure including experie...Read More
Should law enforcement be able to break into a college student's phone in order to use their own data against them in a criminal case?Continue...Read More
The Fed is raising rates in search of an arbitrary "neutral rate" that they've collectively set their sights upon. Then we can all relax, right? Wrong! The damage of the Fed's manipulation of the economy has been done, and a financial crisis is unavoidable.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, inclu...Read More
Infill drilling from March through October at Osisko Mining's (TSX: OSK) Lynx deposit at its Windfall project in the Abitibi greenstone belt in the James Bay region of Quebec, has added ounces and higher grades, the company outlines in a resource update.The company has increased Lynx's indicated resources by 153,000 ounces of gold and boosted its grade from the 7.51 grams gold per tonne in a May...Read More
Continue...Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
LONDON - The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well...Read More
Real estate markets are approaching 2007 prices; in some places even exceeding prices from a decade ago. Does this mean we're headed for a crash? Rich Dad advisor Ken McElroy joins Robert & Kim to offer insight into both the residential and commercial markets.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the...Read More
Emgold Mining (TSXV: EMR) just signed an agreement to sell its 100%-owned Troilus North property to Troilus Gold (TSE: TLG) for 3,750,000 Troilus Gold common shares and C$250,000 in cash.The sale is expected to be finalized the first week of December and upon its completion, Emgold will keep approximately 7.1% of Troilus Gold's issued and outstanding share capital."Emgold is very excited to have b...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
Tanzania's Acacia Mining (LON: ACA) has ended an earn-in agreement with Canada's Sarama Resources (CVE: SWA) over the South Hound?(C) gold project in Burkina Faso to focus on core projects.Acacia and Sarama had originally agreed to a deal which could have seen the Tanzanian miner earn up to a 70% stake in South Hound?(C) after funding $14 million in exploration costs over a four-year period.Acaci...Read More
The Chinese government is imprisoning, torturing and "re-educating" millions of ethnic minorities in China according to Continue...Read More