CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Venezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicolas Maduro's governm...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
X-Terra Resources (TSXV: XTT) today announced, in connection with NBGold Inc., the acquisition by way of an option of a 100% ownership interest in 34 mining claims comprising four mining properties in New Brunswick, Canada.The company says is has completed due diligence on the acquisition of the properties and the initial submission has been filed with the Exchange. X-Terra has commissioned the pr...Read More
Kinross Gold (TSE: K) has released its third quarter results, which indicate company achieved solid production and generated a positive cash flow. The company has operations in Nevada, Brazil, Ghana and Russia and they all performed well, said the company.On the production side, the company produced 586,260 gold equivalent oz. in Q3 2018, compared to 653,993 oz. in the same quarter in 2017. The pr...Read More
Torex Gold (TSX: TXG; US-OTC: TORXF) set a new record for gold production in 2018's third quarter.The company produced 100,346 oz. gold in dor?(C) plus 1,135 additional oz. gold in carbon fines. In the first nine months of 2018, the company produced 246,309 oz. gold in dor?(C), with 11,322 additional oz. gold in carbon fines.The company mined at an average grade of 2.6 grams gold per tonne in the...Read More
Post Election...From reporters being banned to incriminating documents being exposed the Good Guys have decided to take the Gloves Off and END this facade!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 1...Read More
The first exploration program in over 25 years at Integra Resource Corp.'s (TSXV: ITR) DeLamar project in southern Idaho is turning up some high-grade results.The company is drilling more than 20,000 metres this year at the project's DeLamar and Florida Mountain gold and silver deposits, which sit about 5 km apart in the historic Oowyhee County mining district about 80 km south of Boise, the stat...Read More
The World Gold Council today launched Goldhub, a market-leading source of data, insights and analytical tools aimed at helping investors understand gold's value as a strategic asset.Goldhub will arm investors with a wide range of data that is necessary when making informed decisions in relation to gold investment. In addition, for the first-time, investors will now also have access to interactive...Read More
Seaborne iron ore prices and premiums advanced on Thursday November 8, on continuing concerns over Australian supplies and following a rebound in China's futures market.MB 62% Fe Iron Ore Index: $76.27 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.90 per tonne cfr Qingdao, up $1.52...Read More
The races are so razer-thin showing that the nation is deeply divided that we are still waiting on some seats to be declared - namely three in the Senate. This is extremely Continue...Read More
Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around.Continue...Read More
A lot of people seem to have already forgotten about last month's big market sell-off. But if you're still worried about October's market sell-off, you should know that the largest bank in the U.S., JPMorgan Chase, isn't.Continue...Read More
Well, the election turned out close to what was predicted. The Democrats took over the house, but by a modest margin. The Republicans picked up at least two and likely three senate seats, making their control there more solid.Continue...Read More
LONDON (Reuters) - World stocks scored an eighth straight session of gains and their longest winning streak of the year on Thursday, as reassuring trade data from China kept the previous day’s post-U.S. mid-terms risk rally rolling.Traders were gearing up for the U.S. Federal Reserve meeting in a confident mood and the contrast to the last one in late September, when stock markets had just b...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More
China's ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,913 yuan ($565) per tonne, down 38 yuan per tonne January hot-rolled coil: 3,657 yuan per tonne, down 41 yuan per tonne Dalian Commodity Exchange January iron ore: 512 yuan per...Read More
"If the Democrats think they are going to waste Taxpayer Money investigating us at the House level, then we will likewise be forced to consider investigating them for all of the leaks of Continue...Read More
Consumer debt - or euphemistically, consumer "credit" - jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillionContinue...Read More
Hypothetically Square could pay over $20m more in 2019, while Salesforce (4x bigger than Sq) pays less than $10m. Taxes would grow at rates multiple times our adj. revenue, Continue...Read More