China's domestic rebar prices rose on Friday December 14 as trading activity picked up. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($552-558) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,560-3,590 yuan per tonne, up 50 yuan per tonneBillet and futures moved steadily upward during today's trading session, leading to higher buying interest.Some end users raised procu...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a more-dov...Read More
Response to my quarterly request for donations has been very weak. Normally December is our best quarter for reader support, but the response to my December 10 request is the weakest ever.Continue...Read More
Wheaton Precious Metals' (TSE: WPM) shares surged over 14% Friday, following the company's announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010.Wheaton Precious Metals is one of the largest precious metals streaming...Read More
I was recently in LA (December 2018) and had the opportunity to speak again with Jocko Willink (https://en.wikipedia.org/wiki/Jocko_W...). We discussed the catastrophe of the Soviet/communist utopian experiment, with a terrible account read initially by Jocko, followed by a discussion of Aleksandr Solzhenitsyn's Gulag Archipelago (for the 50th anniversary version of which I wrote a foreword (https...Read More
Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
I thought I'd seen all the "Peter Schiff Was Right" videos, but just stumbled onto this 2006 CNBC classic pitting Schiff against a new cast of (in retrospect) clueless antagonistsContinue...Read More
* Discounts widen in India, jewellers hold off on fresh purchases* Activity quiet in China, premiums narrow to $5-$6.50/oz* Singapore premiums ease slightly to $0.50-$0.60/ozDec 14 - Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion's appeal going into the holiday season, with buying interest in second biggest consumer India likely to be subdued fo...Read More
The real Game of Thrones is already underway. The contest to succeed Mario Draghi is now officially open. The head of the European Central Bank (ECB) will leave office onContinue...Read More
Nigeria's first gold refinery, located in the southwestern state of Ogun, is scheduled to be completed by the end of June, according to Kian Smith Trade & Co Ltd., the local company developing it.The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver, Kian Smith said in a statement. The company said it will supply the nation's central bank, as well as...Read More
Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very heavily Continue...Read More
LONDON - Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said.Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a...Read More
In this episode, Tom Wheelwright covers the benefits of the new tax bill, which he also covers in the new version of his best selling book, Tax Free Wealth. Tom also covers the impact of opportunity zones, trade wars, and mid-term elections on tax and investment trends. Tom sheds light on year-end decisions for 2018 taxes, including ways investors can take advantage of bonus depreciation! Tom fini...Read More
Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday.The Canadian mining company's shareholders voted for five board nominees backed by Paulson & Co at a special meeting on Thursday, and Detour's interim chief exe...Read More
Continue...Jim Chanos an American hedge fund manager, and is president and founder of Kynikos Associates, a New York City investment company that is focused on short selling. Mr. Chanos famously shorted Enron shortly before the firm's historic collapse at the turn of the century.Read More
Company states that the settlement "removes uncertainty with the use of our business model." Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) announced in a news release that it reached a settlement with the Canada Revenue Agency, thereby resolving the pending tax dispute surrounding income generated through Wheaton International, its foreign subsidiaries."The terms of the settlement are an exc...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is acquiring 12,600,000 common shares of fellow junior miner Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects on South America's North Atlantic coast.The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Q...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 14. China The domestic ferro-chrome spot price was unchanged from last week after sellers were heard to have become unwilling to cut their prices further because the current price level has left them limited room for profits. The imported charge chrome market was lackluster. Sel...Read More