The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March's stock-panic lows. They've already more than doubled in the couple months since! Their just-released Q1'20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns ar...Read More
By Richard (Rick) Mills"There is a Chinese curse which says 'May he live in interesting times.' Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history." - President John F. Kennedy, in a speech in Cape Town, South Africa, in 1966 JFK's "Chinese curse" meme seems appropriate...Read More
By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More
Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.Cynthia Carroll told Fastmarkets during a webinar interview that taking the decision to curtail output in deteriorating demand and pricing environments such as those being seen during the Covid-19 pan...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 5.22.20Eric 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 recipie...Read More
The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.Speaking during a webinar interview this week, Cynthia Carroll, who led Anglo American from 2007 until 2013, said this is in stark contrast to the way the sector got back to business in the afterma...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
Professional trader and market commentator Chris Vermeulen says gold stocks are overbought and need a breather which would be good for the overall upward trend. Chris shares how he has and is trading the junior gold sector. He called the recent February 24th top in the gold stocks before the March crash. And now he is wanting to top of some gold stock positions during an expected pullback. Chris a...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
Art and George discuss the fascinating history of oil, oil prices, energy, and price compared to value. If YOU are interested in where oil prices are headed and the future of the economy this is a MUST WATCH VIDEO! Arthur Berman is a petroleum geologist with 37 years of oil and gas industry experience. He is an expert on U.S. shale plays and currently consults for several E&P companies and capital...Read More
According to one hedge-fund manager, known for his "doom and gloom" economic outlooks, the federal government may soon make stashing gold away illegal for individuals. Continue...Read More
Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, talks about China trying to control Hong Kong, and the impact of the coronavirus pandemic on global markets.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the...Read More
Another election approaches and yet again there is no acknowledgement of the real problems our country faces or any interest in discussing what to do about them. America and the Western World in Continue...Read More
The booms and busts of silver have truly been exceptional, putting the testicular fortitude of even strongest silver bugs to the test.Continue...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss the secular transition from deflation to inflation, hard assets generally, precious metals, the stock market outlook, and much more.Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a prof...Read More
A Swedish study found that just 7.3 percent of Stockholmers developed COVID-19 antibodies by late April, which could fuel concern that a decision not to lock down Sweden against the pandemic may bring little herd immunity in the near future.Continue...Read More
NLMK, Russia's largest steelmaker, has started hot testing the new beneficiation section at its Stoilendkiy mining and beneficiation plant, the company said on May 22.The new additional beneficiation section will enable Stoilensky to increase its concentrate output from 17.5 million tonnes per year to 20 million tpy, while its ore processing capacity will move up to 42 million tonnes by 2021 from...Read More
China's domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($500-503) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,550-3,600 yuan per tonne, up by 130-140 yuan per tonne Chinese Premier Li Keqiang said in the morning that there would not be a gross...Read More