"The battle is kind of lost. I'm not even worried about the markets...I'm worried about the collapse of Western civilization itself, because of all the values that made the West what it is...these things are held in disrepute by the public at large."Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, en...Read More
Trump is an "economic lunatic and he's playing with fire at the top of an aging expansion."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Cor...Read More
Harry Dent examines how President Trump is breaking down the system, providing the seeds for revolution, and what this means for the long-term...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends...Read More
LONDON (Reuters) - The boss of Japan’s Takeda Pharmaceutical (4502.T) said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire (SHP.L), despite some shareholders’ fears about the resulting debt burden.Buoyed by a strong set of quarterly results last week - helped by strong demand for its existing drugs - Chief Executive Christo...Read More
CIS billet suppliers have finally seen an improvement in buying activity outside Southeast Asia, where they have been concentrating their efforts recently due to the weak demand in the Middle East-North Africa (Mena) region.In early November, Turkish customers resumed billet imports after several months of silence, because of high import prices for scrap.On Friday November 2, Fastmarkets' daily in...Read More
LONDON (Reuters) - European shares were little changed in choppy trade on Monday, as a four-day rally ran out of steam after investor nervousness over fast-rising U.S. interest rates and Washington’s trade dispute with Beijing hit Asian markets.The pan-European STOXX 600 was flat by 0936 GMT, with most country indexes also hovering around neutral.Tuesday’s U.S. mid-term elections also...Read More
Sadly, but not unexpectedly, the mass shooting at the Tree of Life Synagogue in Pittsburgh is being used to justify new infringements on liberty. Of course, opponents of gun rights are claiming this shooting proves America needs more gun control. Even some who normally oppose gun control say the government needs to do more to keep guns out of the hands of the "mentally ill." Those making this argu...Read More
ONTARIO - Toronto's Alamos Gold says its best ever surface directional drilling intersection at the Island Gold mine 83 km northeast of the town of Wawa. The results have allowed the company to extend high grade gold mineralization 60 metres to the east.Recent results from the Main extension include 118.58 g/t gold (39.99 g/t cut) over 6.7 metres; 21.50 g/t (13.70 g/t cut) over 7.8 metres; and 31....Read More
Several European airports will deploy an AI-powered lie detector at border checkpoints in a trial run of the new technology, reports CNN. Continue...Read More
Former White House Budget Director under President Reagan, David Stockman talks about his flagship financial newsletter, what kind of change is needed in DC and on Wall Street, and how he's encouraging readers to lead the charge against the status quo.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the Whit...Read More
SOUTH AFRICA - The strike by National Union of Mineworkers (NUM) members that began on Nov. 2 continues at the South Deep gold mine. About 150 to 200 union members blockaded the entrances to the mine.The job action began when owner Gold Fields announced its plan to retrench staff on Aug. 14. The plan was to cut 1,560 employee and contractor jobs at the mine. By the company's reckoning, the proje...Read More
JOHANNESBURG, Nov 5 - AngloGold Ashanti Ltd and its joint venture partner are looking at selling a mine in Mali after failing to reach an agreement with the west African country about an investment project, the company said on Monday.The news came as AngloGold, Africa's biggest gold miner by output, said it expected full-year production to reach the upper end of its guidance range, helping to push...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More
TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
China's domestic rebar prices dropped on Monday November 5, with market participants taking a pessimistic view on demand and supply. Domestic Eastern China (Shanghai): 4,630-4,660 yuan ($672-676) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, down 10-20 yuan per tonneSpot rebar prices fell on Monday amid early-hours losses in the futures market...Read More
IAMGOLD is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR). The second scenario, c...Read More