Probably not much. It's in their interest to just sit back and wait while the rest of the world opens up the money spigot. They'll probably wind up doing that too, but right now they can just keep the machine idling until the direction becomes clearer. We also had a discussion about Basel III. It could be that once again gold reserves will be considered money. Is that too much to hope for and woul...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
One of history's hard lessons is that collapsing financial systems beget authoritarian politics. Today's world, alas, is following this script, as rising debts lead to wrenching politicalContinue...Read More
The UK, Germany, India, and the United Arab Emirates are among the countries resisting US pressure to Ban Huawei.Continue...Read More
Jason talks about how and why DC is so adverse to meaningful change and good ideas.Jason talks about how a small army of highly paid consultants, lobbyists and federal government bureaucrats are leaking, sabotaging and delaying President Trump's policies and working on getting Trump's political appointees fired. Read More
There's many changes afoot in the gold mining sector. The so-called GDX-J appears to be ready undergo another makeover. This time non-cashflowing companies will be removed from the index. Only producers and royalty companies will be included. What about all those exploration companies? How will this impact their ability to raise capital? We talk extensively about Barrick-Newmont-Goldcorp and where...Read More
Jason talks about the how President Trump is lying about how well the US economy is doing based on a really poor Atlanta Fed Q1 2019 GDP number. Construction spend also declined 6% according to the most recent data released. All signs are pointing to serious trouble for U.S. economic activity. There is zero data that supports economic activity is strong or even sustainable, only words.What is trou...Read More
We've now gone from a "complete withdrawal" to 200 troops remaining and now 1000 troops remaining on the ground.Continue...Read More
It's Not China, Germany, Japan, or Mexico. It's much closer to home.Read More
A new bombshell Reuters report has confirmed that India and Pakistan were each about to let missiles fly last month after the standoff over India's brazen bombing raidContinue...Read More
The CIS export billet market remained at a standstill on Monday March 18 due to the absence of trading activity in most of the commodity's usual outlet regions, Fastmarkets heard on Monday March 18.Mills were indicating offers within the range of $460-465 per tonne fob Black Sea.But customers in most outlet regions could not afford such high prices because they would not be able to pass on these h...Read More
Gold is back above $1300 per ounce to start the week as the market lookgs forward to the next Fed meeting Continue...Read More
TerraX Minerals of Vancouver has traced mineralization from the former Giant gold mine in Yellowknife onto its own TerraX target zone in the Barney Deformation Corridor (BDC). Relogging and sampling of 1,579 metres of historical drill core led the company's geologists to believe mineralization in the old cores is adjacent to historical high grade assays within vein and shear zone structures across...Read More
China's domestic rebar prices moved higher on Monday March 18 as stockists looked to replenish inventories, despite many spot traders opting to sit on the sidelines as they digest the implications of the reduction in the Chinese value-added tax (VAT) rate from next month.Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($573-581) per tonne, up 40-50 yuan per tonne Northern China (Beij...Read More
Apex Resources has confirmed a 1.5 km by 150 metre gold in soil anomaly at its Ore Hill gold property near Salmo, B.C., after compiling historic and modern data on the project.The data base includes 90 rock samples taken by past operators between 2016 and 2018 grading as high as 119 grams per tonne gold and 105 grams gold. All but two of the samples were taken by the properties last operator, Marg...Read More
Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.The trading centres will give small-scale miners direct access to a formal, regulated market where they can go and directly trade their gold. They currently struggle to acce...Read More
The expectation for higher tender prices for chrome ore in April supported the prices for ore in China and for alloy in Japan and South Korea, Fastmarkets heard on Monday March 18. UG2 and Turkish lumpy ore prices rise Domestic alloy price climbs in China Alloy prices in Europe, Japan, South Korea increase Imported alloy prices stable in US, China.Prices for chrome ore imported into China and in C...Read More