RIO DE JANEIRO/BRASILIA (Reuters) - Jair Bolsonaro, a far-right firebrand former Army captain, won Brazil’s presidential election in convincing fashion, wooing voters with promises to gut endemic political corruption and wage a brutal battle against powerful drug gangs.Bolsonaro, who early in his legislative career declared he was “in favor” of dictatorships and demanded that Con...Read More
CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New Yor...Read More
After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021.What happens next is almost certain to be chaotic, as t...Read More
Colorado Springs, Oct. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 third quarter earnings conference call scheduled for Wednesday, October 31, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 29, 2018"There are very few instances in history when any government has ever paid off debt." Walter Wriston, Chairman & CEO, Citicorp, 1967-1984 "Blessed are the young, for they shall inherit the national debt." Herbert Hoover, U.S. presi...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately pred...Read More
By Larry LaBordeThe first part of home storage is just basic home security. Your home does not have to be a fortress but it needs to have better security than the other homes in your neighborhood so that criminals just pick another one. The obvious ones are: Lock your doors and windows at all times.(Sounds simple but you would be amazed how many burglars just walk right in.)Motion detectio...Read More
TOKYO (Reuters) - The Bank of Japan is considering tweaking its bond buying operations to allow the government debt market to better reflect fundamentals, people familiar with the matter said, following years of heavy central bank buying in the sector.The proposed changes, which focus on the way the BOJ times its bond purchases, would be aimed at reviving a market that many participants say has be...Read More
By Keith WeinerThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day "get woke", and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don't like it / . When they do, they will repudiate it. That is, sell all their dollars to buy consumer goods (i.e. hyperinflation), gold, and/or whatever ot...Read More
By Avi GilburtAs I read much of the commentary being pushed around the internet now, we see generally see a broad range: on one end there are perma-bears calling for the mother of all market crashes, and on the other are those who are pounding the table about the fundamentals of the market still being strong, which should keep us quite bullish for the long term.Doesn't it amaze you that there is...Read More
Cranbrook, B.C., October 29th, 2018: Taiga Gold Corp (CSE:TGC) ("Taiga") has recently received a $75,000 cash payment from option partner SGO Mining Inc. ("SGO"), a wholly-owned subsidiary of SSR Mining Inc. (formerly Silver Standard Resources Inc.) (TSX: SSRM) (NASDAQ: SSRM) pursuant to an option agreement relating to the Fisher Property, owned 100% by Taiga. SGO is in the third year of a five-...Read More
I've presented this chart before, with a bull-market target at 27,251. If the Dow had gotten within 5-10 points of this Hidden Pivot and begun to fall, I'd have treated the weakness as the almost certain beginning of a major bear market. What happened instead was that buyers sputtered out 300 points shy of the target. Initially, this led me to expect one last charge higher. But with the shar...Read More
The price for import merchant bar shot up due to confirmed sales of Mexican material into the southern and southwestern United States, while that for domestic material was steady due to calm market conditions. Fastmarket AMM's latest assessment for imported merchant bar rose to $770-800 per short ton ($38.50-40 per hundredweight) ddp port of Houston on Friday October 26 from $640-680 per ton...Read More
(Reuters) - IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services.The transaction is by far IBM’s biggest acquisition. It underscores IBM Chief Executive Ginni Rometty’s efforts to expand the company’s subs...Read More
French tube and pipe maker Vallourec said last week that it would not subsidise a takeover bid for its joint-venture Ascoval steel mill in France, which may now have to close.Ascoval said in March that it was searching for a new majority shareholder that would allow it to continue steelmaking operations beyond 2019, after Swiss special steels maker Schmolz & Bickenbach acquired Ascoval's majority...Read More
(Reuters) - China’s top economic planning body is proposing to cut the tax levied on car purchases by half, as the impact of an escalating trade war with the United States threatens to slow the Chinese economy and affect demand for vehicles, Bloomberg reported on Monday.Shares of American and European automakers including General Motors (GM.N), BMW (BMWG.DE), Volkswagen (VOWG_p.DE) and Daiml...Read More
Import prices for rebar in Singapore were stable over the past week on thin demand for the long steel product.Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $525-530 per tonne cfr for the week to Monday October 29, unchanged from the preceding week."The best offers are still $530 per tonne...Read More
* Nikkei down 0.16 pct, Topix loses 0.4 pct* Bargain hunting helps limit overall losses* Hitachi Chemical slides after reports of data falsificationBy Shinichi SaoshiroTOKYO, Oct 29 (Reuters) - Japanese stocks slipped on Monday as further weakness in U.S. and Chinese shares dampened investor sentiment, although bargain hunting helped limit overall losses.The Nikkei swerved in and out of the red in...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
Investor Jim Rogers discusses the implications a trade war between the U.S. and China could have on the Melt Up. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car -...Read More