I've warned for years, and with increasing frequency of late, that the first crash when a major stock bubble of this magnitude finally tops is 42% in the first 2.6 months.Continue...Read More
Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB) announced it received a patent for its Mineworx HM X-tract modular process for mining gold. U.S. Patent Number 10/124,345 was granted by the United States Patent and Trademark Office.The company develops and sells nontoxic, precious metals extraction solutions for the mining and e-waste industries."The new technology allows us to deploy rapidl...Read More
Continue...Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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,...Read More
Wheaton Precious Metals' (TSX: WPM NYSE: WPM) shares dropped 4.4% on Thursday, after the company announced its Q3 results. Headquartered in Vancouver, Canada, Wheaton is the world's largest precious metals streaming company.Adjusted net earnings were $35 million, a steep 49% drop from $67 million in net earnings last year. Revenue fell 8.5% in the same quarter of 2017.The company reported silver p...Read More
What do you do if you're a family that owns significant gold mineralisation, and you're seeking commercial support to extract the full potential? Well, in the case of the Williams family, you turn to the expertise of PVW Resources to join forces.Gold rushes and gold prospecting are part of Australia's rich history, and provide some of the most iconic and enduring images of the country's past. The...Read More
The draft deal of Prime Minister May smells really bad. It is clear that politicians are clueless about trade and the U.K. remaining within the (EU) customs union Continue...Read More
Nov 15 (Reuters) - Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner.Paulson said under Kenyon the company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable t...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Wendy Battleson, co-founder and principal of Art Strategy Partners, shares her expertise on the state of the market and its connection with other asset prices.1:48 Banksy's self-destruct button6:10 Guaranteed bids - for a fee11:21 Inflation in Warhol's17:16 The art market; an extension of Wall Street? James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Ob...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
An statewide hand recount is now under way in Florida - an unprecedented move that illustres how divided the country has become. Continue...Read More
Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term limits, a ba...Read More
After October's "bloodbath across all strategies" resulted in the second-worst monthly hedge fund performance of the decade, many in the 2-and-20 crowd are bracing for the Continue...Read More
It may not be enough to reverse the momentum or flip the downtrend, but another Spec short squeeze is coming. Continue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to discuss the market internals for gold and silver. We look at the advance decline line and overall breadth within the stocks. There are some similarities to mid summer of this year which is concerning. The moves to the end of the year will be important for those long the sector.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member...Read More
Money manager Adrian Day reviews royalty companies and also updates exciting news at other companies in his portfolio. Franco-Nevada Corp. (FNV, NY, 64.89) had a strong quarter, with gold streams from two large copper mines (Antapaccay and Candelaria) better than expected with strong oil and gas revenues (which represent somewhat over 10% of revenues, and growing). As always, some assets perform...Read More
A Nevada gold project, once fast-tracked to production, is the focus of additional exploration.Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK), a gold royalty company with a portfolio centered on the Spring Valley Gold Project in Nevada, has reported that Waterton Global Resource Management, the project's owner/operator, is drilling on the property. The company first reported the drilling on October 3...Read More
The Canadian company is undertaking the effort to identify additional drill targets. Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF.OTCPK) announced in a news release that a high-definition, airborne magnetic survey over a key target area of its North Kimberley diamond project will begin as soon as the geophysics team arrives on site. From the data collected in this manner, the company will identify...Read More
Trade optimism also helped the DJI erase early gainsThe Dow traded in a range of more than 560 points on both sides of breakeven, but ultimately closed higher.J.P. Morgan Chase (JPM) stock shot higher after Warren Buffett's Berkshire took a stake, and blue-chip Cisco Systems (CSCO) rallied to the top of the Dow after an impressive earnings report. A rebound in Apple (AAPL) stock also lifted the te...Read More
U.S. markets will close early on Black FridayThanksgiving week is coming up, and investors will have plenty to digest on Wall Street. The upcoming calendar during the holiday-shortened week features a full plate of economic data and corporate earnings. Some notable earnings names include retail stalwarts Target (TGT), Lowe's (LOW), Kohl's (KSS), and Urban Outfitters (URBN). In addition, inves...Read More