In this interview, some of the things we discuss include:- The Global Reset and the New Silk Road Order- De-dollarization and the move away from the US Dollar- The global loss of confidence in the United States- China & Russia's global expansion- The death of the Petro-dollarAnd of course......we discuss Jim's bombshell revelation and analysis of the Trump, Putin & Xi meetings, held in secrecy, in...Read More
Remember Shakespeare's line "he jests at scars that never felt a wound?" That epithet could have been written with National Security Continue...Read More
Brazil-based miner Vale said fragments of the northern slope of the Gongo Soco mine pit slipped early on Friday May 31 but did not have any adverse effects on the nearby Sul Superior dam."These pieces settled gently at the bottom of the pit, with early assessments indicating that the wall is sliding gradually, verifying evaluations that any further slippage should occur without major consequence,"...Read More
A few short weeks ago, the economy seemed to be growing, the trade war looked winnable and the Mueller Report appeared to take presidential impeachment off the table. And then...Continue...Read More
(Adds details, quotes, background)By Stefano Bernabei and Giuseppe FonteROME, May 31 (Reuters) - The Bank of Italy warned on Fridaythat the country's $2.6 trillion of debt may swell this year bymore than the government forecasts and called for "credible"measures to curb it.Concerns over Italy's public finances have driven up Rome'sdebt costs since a populist government took power a year...Read More
Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017. Read More
? We review Danielle's market calls from her Christmas 2018 newsletter to see how they performed ? Danielle says USD has reached her upside target and trajectory from here is less clear ? Danielle still sees lower treasury yields, low inflation, and lower commodity prices on the horizon ? But she emphasizes that investors must stay nimble, because a change in political winds in favor of Modern Mo...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
"On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into"Continue...Read More
North Korea has executed five officials for their role in the failed second summit between President Trump and Kim Jong Un, according to a South Korean newspaper.Continue...Read More
"On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and Continue...Read More
Gold rose to a seven-week high on Friday and was headed for its first monthly gain in four monthsContinue...Read More
There is a widespread assumption that interest rates represent the cost of borrowing money. In the narrow sense that it Continue...Read More
* Negative-yielding euro zone govt bond pool at 48% in May * Highest share since Sept 2016 - Tradeweb data * Global pool of negative-yielding bonds over $10.5 trillion * Dutch 10-year bond yield negative for 1st time since 2016 (Updates first paragraph, adds par on Japan)By Dhara RanasingheLONDON, May 31 (Reuters) - The Netherlands on Friday becamethe latest euro zone state to see its 10-year yiel...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) reported Friday Meliadine mine-its largest gold deposit in terms of resources - has achieved commercial production ahead of schedule and below the initial capital budget.With the gold price reaching a seven-week high, Agnico's shares were up 4.5% to C$59.20 in mid-morning trading on the TSX.Total project construction costs after crediting pre-commercial gol...Read More
The silver miners' stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners' ongoing shift from silver is apparent...Read More
Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More
Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it.The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.Bar...Read More
Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand. Turkish import prices down on lackluster rebar sales US export prices up on weekly basis, but latest sale closed lower Vietnam prices flat, Taiwan prices rise on st...Read More
Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More