By Alasdair MacleodThe next credit crisis poses a major challenge to China's manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer demand. Dealing with it is likely to be the biggest challenge faced by the Chinese Government since the ending of the Maoist era. However, China does have an e...Read More
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market. Elections are approaching the US again. Two years after Donald Trump was elected as POTUS, American voters go t...Read More
It's normal for the stock market to ignore a rising interest-rate trend for a long time. The reason is that while the interest rate is a major determinant of the value of most corporations, the interest rate that matters for equity valuation isn't the current one. What matters is the level of interest rates for a great many years to come. Therefore, a rise in interest rates only affects the stoc...Read More
HighlightsBob Hoye of Institutional Advisors returns with his latest market insights. The new trade tariffs.Tariffs on Canadian lumber this January pushed the mean new home price higher by over 10% as a direct result. Although the current economic system is far from flawless, solid monetary policy has solidified the global economy in the wake of the Great Recession.Low rates stimulated corporate...Read More
Cranbrook, B.C., November 1st, 2018: Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") and Rockridge Resources Ltd. ("ROCK" TSX-V, or "Rockridge") have entered into an agreement (subject to regulatory approval) whereby Rockridge may earn a 100% interest in Eagle Plains' 100%-owned Knife Lake Project, located approximately 50 kilometers northwest of the community of Sandy Bay, Saskatch...Read More
After a volatile month, which is being called "Red October," our latest video update was released and we considered the sharp fall in stock markets globally, falling property markets in the UK and Australia and gold's safe haven gains in all currencies.Gold acted as a hedge in all currencies in October, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms. Bitcoin and other c...Read More
BERLIN (Reuters) - Germany's economy likely shrunk by around 0.3 percent in the third quarter, the IfW institute said on Friday, adding this was probably largely caused by declines in production in the auto industry due to the introduction of new pollution standards known as WLTP.Stefan Kooths, head of the forecasting center at the Kiel Institute for the World Economy (IfW), said growth in Europe'...Read More
Ferrous scrap prices in most parts of the world were firm in the week ending on Friday November 2, with healthy demand in the key import market of Turkey supporting global prices.But prices in Asia weakened because steel mills in Vietnam and Taiwan held back from purchasing ferrous scrap due to fierce price competition in the downstream billet and long steel markets.Turkey importsTurkish steel mil...Read More
(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 on track for best week in nearly 2 years* Burberry, miners boosted by hopes of end to U.S.-China row * JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourthsession on Friday as mining and luxury goods stocks led a rallyamid growing optimism about a Brexit deal and hop...Read More
Prices for light iron scrap in the United Kingdom moved up by ?5 per tonne this week, due to material tightness and an increase in Turkish scrap prices, sources told Fastmarkets MB on Friday November 2.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis moved up by ?5 per tonne to ?90-120 ($116-155) per tonne on Friday November 2, from ?85-115 per tonn...Read More
(Updates closing price and adds details)SHANGHAI, Nov 2 (Reuters) - China's yuan jumped on Fridayafternoon, finishing domestic trade at its strongest in morethan a month, supported by rising hopes that trade tensionbetween China and the United States will ease.The Chinese currency traded well above a 10-year low hitearlier in the week and also looked set for its biggest weeklygain since late Augus...Read More
Click Here to Listen to the Interview - *the interview begins at 7:02Chris Martenson discusses the recent volatility in stocks and what he thinks it means. Chris also reveals some new facts about depleting global oil supply and when exactly he sees the crisis there finally coming to a head.Click Here to Listen to the Interview - *the interview begins at 7:02Christopher Martenson is a former Amer...Read More
Export prices for steel billet from Latin America rose in the week ended Friday November 2 following a stabilization in the region's currencies, compared with the US dollar, and of import prices around the globe.But producers and traders were maintaining some flexibility in their pricing to take account of freight costs to their clients, sources said.Fastmarkets' weekly assessment of the Latin Ame...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
The "public pension crisis" is the kind of subject that's easy to over-analyze, in part because there are so many different examples of bad behavior out there and in part because the aggregate damage these entities will do when they start blowing up is immense.But most people see pensions as essentially an accounting issue - and therefore boring - so it doesn't pay to go back to this particular we...Read More
Jonathan Tepper, founder of macro research firm Variant Perception and author of The Myth of Capitalism, calls in to discuss the rise of corporate monopolies and its implications. @jtepper21:24 The Myth of Capitalism and Amazon.com, Inc.6:08 The beer industry, duopolies and innovation10:14 Low interest rate policy and the rise of cartels15:31 The "big pendulum" of anti-trust policy and the FAAN...Read More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
MUMBAI/BENGALURU, Nov 2 - Physical gold demand in India was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.Prices in India, the second biggest gold consumer after China, held near 33,000 Indian rupees per 10 grams, the highest since September 2013, ahead o...Read More
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market.Elections are approaching the US again. Two years after Donald Trump was elected as POTUS, American voters go to th...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More