By Alasdair MacleodWe are getting ahead of ourselves here. Gold does not circulate as money - yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people's money, gold. Do we even wish it? Given what we have to do to get there, probably not.It is hard to think of a life without Nan...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 12, 2018 "The stock market is a device to transfer money from the impatient to the patient" Warren Buffett, American businessman, investor, philanthropist, the "Sage of Omaha", Chairman and CEO Berkshire Hathaway "Thousands of experts s...Read More
Silver just moved to its 2018 bottom. Not somewhat above it, not relatively close to it - silver's Friday's close of $14.14 equals the previous lowest closing price of 2018 that was formed on September 14th. That's not yet a breakdown, but the implications are severe. Silver's Move to the 2018 Bottom Silver's decline means breakdowns (on big volume) below the October lows and the rising red...Read More
Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it's pretty . That fire and several others are still expanding across the state, threatening tens of thousands of homes. The sets of the TV show WestWorld are gone. Malibu has been evacuated. And dry, windy conditions persist, so the story is nowhere near over. If this sound...Read More
By Steve St. AngeloWhile the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the "supposed growth." The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for more than 40 years. And, as global debt has increased, it has forced governments to lo...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
LONDON (Reuters) - The Bank of France has partnered with U.S. banking group JPMorgan (JPM.N) to expand its range of gold bullion services for central banks, sources familiar with the matter said on Monday.The French central bank’s second deputy governor Sylvie Goulard wrote in the Alchemist, the magazine of the London Bullion Market Association (LBMA), that it had partnered with “a lar...Read More
Turkish domestic auto bundle scrap prices have increased slightly over the past week, while ship scrap prices were stable, sources said on Monday November 12.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,800-1,940 ($329-354) per tonne delivered, narrowing upward from last week's TRY1,750-1,940 per tonne.The reason...Read More
Physical iron ore prices weakened amid thin trading on Monday November 12 following drops in the steel market and news that BHP has resumed rail operations after last week's incident in Australia.MB 62% Fe Iron Ore Index: $76.05 per tonne cfr Qingdao, down $1.15 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.85 per tonne cfr Qingdao, down $1.15 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $...Read More
PARIS (Reuters) - Facebook (FB.O) will allow French regulators to “embed” inside the company to examine how it combats online hate speech, the first time the wary tech giant has opened its doors in such a way, President Emmanuel Macron said on Monday.From January, Macron’s administration will send a small team of senior civil servants to the company for six months to verify Faceb...Read More
CIS export billet prices have become firmer with customers in the Middle East and North Africa gradually starting to accept higher prices, but overall demand remained rather modest, Fastmarkets heard on Monday November 12.Fastmarkets' daily CIS export billet index was $463 per tonne fob Black Sea on Monday, up by $7 per tonne week on week.Several cargoes of CIS-origin billet were heard booked in E...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
The coming credit crisis will be the catalyst for China to adopt gold into their monetary system, says Alasdair MacLeod of Gold Money.The coming credit crisis will hurt China's economy the worst, MacLeod says. He proposes that China should issue a perpetual bond. The coupon on that bond would be payable in Yuan or gold at the users choice. If this were to happen, it would undermine the Dollar and...Read More
It's not often that US Government officials are honest when they talk about our foreign policy. The unprovoked 2003 attack on Iraq was called a "liberation." The 2011 US-led destruction of Libya was a "humanitarian intervention." And so on.So, in a way, Secretary of State Mike Pompeo was refreshingly honest last week when, speaking about newly-imposed US sanctions, he told the BBC that the Iranian...Read More
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) is open to joining a German consortium exploring production of electric car battery cells and will discuss the matter at a supervisory board meeting on Friday, a person familiar with the matter said on Monday.A Volkswagen spokesman declined to comment.Volkswagen has already awarded multibillion-euro battery cell supply contracts to LG Chem and China&rsq...Read More
China's domestic rebar prices moved down on Monday November 12 following the billet market took a tumble over the weekend, which worsened sentiment.Domestic Eastern China (Shanghai): 4,420-4,460 yuan ($635-641) per tonne, down 60 yuan per tonneNorthern China (Beijing): 4,300-4,450 yuan per tonne, down 50 yuan per tonneThe price of billet in Tangshan plunged 160 yuan per tonne over the weekend - it...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday urged Florida election officials to abandon recount efforts, declare his fellow Republicans the winners and, without evidence, cast doubt on vote tallies as state officials scrambled to review more than 8 million ballots by a Thursday deadline.Leads by the Republican candidates in two key contested races - one for a seat in the U.S. Sena...Read More
As if more evidence is needed that bans don't work, the United Kingdom's knife crime "epidemic" is soaring. Even though there are incredibly strict knife Continue...Read More
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t.Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including 25,355 ounces thus far from the Father's Day Vein and a total of 30,1...Read More
Jowan ?-sterlund founded Biohax International in 2013 having over 15 years of experience in sterile procedure for piercing and body modification. In addition, he also Continue...Read More