*This interview was recorded on 10/23/18Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before con...Read More
* Merkel won't seek re-election as party head- source * German bond yields rise, underperform EZ peers * Italian yields fall to almost one-month lows * S&P leaves Italy's ratings unchanged, lowers outlook (Updates prices)By Dhara RanasingheLONDON, Oct 29 (Reuters) - German bond yields rose on Mondayafter Chancellor Angela Merkel said she would not seekre-election as party chairwoman and that h...Read More
(Repeats to additional subscribers)LONDON, Oct 29 (Reuters) - The euro fell briefly and Germangovernment bond yields rose on Monday, after a report thatGerman Chancellor Angela Merkel has told leaders of herChristian Democrats (CDU) that she will not seek re-election asparty chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up therole would start a race within the party...Read More
JOHANNESBURG, Oct 29 (Reuters) - South Africa's randweakened against the dollar in early trade on Monday as thegreenback edged higher after data showed U.S. economic growthslowed less than expected and as global risk sentiment remainedfragile. * At 0630 GMT, the rand traded at 14.6025 perdollar,0.14 percent weaker than its close on Friday. * "Emerging market currencies are likely to trade wea...Read More
Turkish steel producers have continued to book cargoes in the deep-sea scrap trade, with two more transactions coming to light, pushing prices up further on Monday October 29.These two deals were heard on Friday after the data submission deadline for the day.A steel mill in the Iskenderun region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $335 per tonne, shredded at $340 per tonne and...Read More
Chris Whalen, publisher of the Institutional Risk Analyst and financial industry expert, stops by the office to discuss the economy, credit and the Fed. @rcwhalen1:22 The banks, as safe as a house?6:51 A tightening Fed and profits10:55 Rising credit costs coming down the pike6:48 Leveraged loans, then and now20:04 Goodbye, wealth effectJames "Jim" Grant is an American writer and publisher and the...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
* Spot gold faces strong resistance at $1,238/oz- technicals * Speculators cut net short position in week to Oct. 23(Updates prices)By Vijaykumar VedalaBENGALURU, Oct 29 (Reuters) - Gold prices edged lower onMonday as the dollar firmed, but the metal moved in a narrowrange as worries over U.S. corporate earnings and a slowdown inglobal economic growth weighed on Asian shares.Spot gold was down 0.2...Read More
In July 1996, flight TWA 800 exploded in mid-air, 12 minutes after taking off from JFK International Airport in New York. All 230 passengers on board were killed.Continue...Read More
Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said.Curbing output would deprive the country of a key source of export earnings as Finance Minister Mthuli Ncube tries to stabilize an economy wrecked by the misrule of former leader Robert Mugabe. Producers are only al...Read More
Large companies are failing to protect your privacy and the sanctity of your personal data. Attorney Chris Ayers believes that it's time for an Internet Bill of Rights that will force companies to secure your data and restrict their ability to profit off it. He's not as concerned with big social media platforms barring diverse thought, as he doesn't think the government should be controlling conte...Read More
Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million (about $3.8m) from the Canadian government for its Borden gold project, as part of the country's efforts to boost innovation in cleaner, more sustainable mining practices.Located near Chapleau, Ontario, about 160 km west of the company's Porcupine mine, Borden will be Canada's first fully-electric operation. By replacing all diesel mobile eq...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
The great Chinese growth slowdown has been proceeding in stages for the past two years. The reason is simple. Much of China's "growth" (about 25% of the total) has consisted Continue...Read More
Iron ore prices were largely steady on Monday October 29, with limited liquidity in the spot market amid expectations of a loosening of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $76.48 per tonne cfr Qingdao, unchanged.MB 62% Fe Pilbara Blend Fines Index: $75.51 per tonne cfr Qingdao, unchanged.MB 62% Fe Iron Ore Index-Low Alumina: $80.23 per tonne cfr Qingdao, down $0.17 per tonn...Read More
Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
When will the strong dollar weaken? Ultimately, the answer is whenever the Treasury wants. When the Treasury is not overly concerned with the dollar, market forcesContinue...Read More
The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...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. Continue...Read More
Wall Street shills are in near perfect agreement that the bond market is not in a bubble. And, even if there are a few on the fringes who will admit that one does exist, they Continue...Read More