Would our planet be better off if humanity ceased to exist? That is quite a morbid question, but today an increasing number of intellectuals are bringing it up, Continue...Read More
In the land of the fee and home of the slave, incoming Democrats have already drafted a bill that will criminalize private gun sales. As a "free" American, you Continue...Read More
David Jensen emailed me recently to say "all hell is breaking loose in the Palladium markets" and as David explains it, the unallocated paper precious metals Ponzi scheme may come unraveled once and for all due to what's happening at the LBMA right now with Palladium. The NYMEX vaults are down to a mere 18,000 physical ounces and the Tokyo Commodity Exchange is down to just 600 ounces Palladium. T...Read More
I see China as the center of the greatest bubble period in modern history.The emerging world has been on an urbanization tear, especially since 1980, and China has led the way!Continue...Read More
The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporationsContinue...Read More
The latest metal markets news and price moves to start the North American day on Tuesday December 18.Base metals on the London Metal Exchange were lower across the board during morning trading on Tuesday December 18, with a broad sell-off across the complex capping prices and another fresh inflow of over 57,000 tonnes of aluminium restricting price action.After more than 104,000 tonnes of aluminiu...Read More
10 year yields hit a nearly 4 month low today in the latest sign that the U.S. economy may be headed for trouble. Continue...Read More
BRITISH COLUMBIA - Toronto-based Seabridge Gold has promising induced potential and drilling results from its 100% owned Iskut gold property 110 km northwest of Stewart. All indications point toward a large copper-gold porphyry system.The results indicate a robust hydrothermal breccia containing abundant clasts of chalcopyrite-pyrite-magnetite in veined intrusive rocks and stock works positioned o...Read More
"He has the presence of mind and the sense of humor to bring me a mint, and he made it a point to give me that mint right then and there and that's the beauty of George Bush,"Continue...Read More
Investors are dumping stocks and buying bonds in record numbers as the global sell-off in equities continues to intensify and signs of a coming recession aboundContinue...Read More
LAGOS - Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gol...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/silve...Question 1. Lian L: I watch a lot of gold and silver dealers talk about physical gold and silver pricing breaking away from the manipulated ETF, how do you see this happening?Question 2. Chris C: If silver is an industrial metal, then why would it go up during a recession/depression?Question 3. Scott K: When calculating fundam...Read More
Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion's outlook brightens.Newcrest Mining Ltd., Australia's top producer, rallied as much as 2.3 percent on Tuesday, while South Africa's Harmony Gold Mining Co. Ltd. was the biggest mover, rising 3.8 percent. Canada's Barrick Gold Corp. - which is taking over rival Randgold Resources Ltd. -...Read More
While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of bubbatrading.com."I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it ge...Read More
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world's largest gold-mining company, whose shares are down 67 percent from their high in 2010. Thornton, executive chairman of Barrick Gold Corp., set the partnership in...Read More
Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase pig iron output at its Lipetsk site to meet own production needs, the company said on Tuesday December 18.NLMK will boost blast furnace (BF) No6 capacity by 8%, to 3.4 million tonnes per year, thus, the company will add around 250,000 tpy of pig iron capacity, Fastmarkets understands. Currently, the company is installing new blas...Read More
JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More
Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More
Jiulian Resources (TSX-V: JLR) announced that it has received a five-year area-based permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to establish up to 60 drill sites and four kilometres of exploration trail for core drilling on its Big Kidd Property in British Columbia.Big Kidd is a 4,056-hectare property located 25 kilometres east of Merritt. Historic drilling...Read More