The government's quarantining and social distancing rules have failed miserably. A successful quarantine, with 100% of the population participating, should have eliminated the coronavirus within a few weeks. Yet it's been three months, and most U.S. states are still under quarantine orders. Why?Well, the answer is clear: Everyone didn't participate in the quarantine. Some very purposefully flouted...Read More
Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) is an advanced gold developer that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. We learned from George Ogilvie, P.Eng. President, CEO, and Director of Rubicon Minerals, that they have a compliant NI 43-101 resource, with 811,000 ounces of measured and indicated, with a gold grad...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN added 36.03 points or 4.3% to close at 877.17.MACD jumped 8.43 points to 1.13. RSI rose 9 points or 20% to 54.43. We note that RSI has not made a new high since the price peaked in late April.Support is at 831 (lower Bollinger) and 817 (50-day moving average). Resis...Read More
Stephen Roach, senior lecturer at Yale School of Management and former chairman of Morgan Stanley Asia, talks about China's deteriorating relationship with the U.S. because of the coronavirus and China's push to introduce new security laws in Hong Kong. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute...Read More
If there's a crisis will you be able to get any cash out of the bank? Will the banks even have any cash? Because, as of last March, it is no longer a requirement - the banks aren't required to have a single dollar bill. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the...Read More
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Given that Federal Reserve chairman Jerome Powell has already hinted at more quantitative easing, it's not surprising that we've seen a continuation of the gold and silver rally. People see what's coming, and they're responding by buying gold and silver. Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave...Read More
A scientific study which found COVID-19 may have been a "cell-culture" uniquely adapted for transmission to humans (more so than any other animal - including bats), is gaining steam.Continue...Read More
"Get the f**k outta here!"A viral video shows at least five people harassing a woman inside a grocery store in Staten Island because she wasn't wearing a mask Continue...Read More
Continue...Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.Read More
Today I want to tie together the pandemic, the economy and the election.What we are witnessing is a cascade of complex systems.Continue...Read More
The political climate is fragile and feverish, with the nation amid a crisis that is both fast-changing and unparalleled in living memory.Continue...Read More
On March 23 - the day the S&P dropped to its cycle low of 2,237 - the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary Continue...Read More
Virginia reported 1,483 new cases of the novel coronavirus on Monday, the state's highest daily case count since the outbreak started.Continue...Read More
The typical hedge fund holds 71% of its long portfolio in its top 10 positions, up from 60% five years ago and just off the record high of 72% at the start of 2019Continue...Read More
Emerging-market equities are looking more fragile as valuations appear out-of-sync with earnings, especially given the increasingly bleak narrative surrounding virus cases and U.S.-China trade tensions.Continue...Read More
Tom welcomes back a past guest, Ravi Sood. Ravi is the Chairman of Galane Gold Ltd., an unhedged gold producer, and explorer.Time Stamp References:0:40 - Stock market valuations.4:35 - Fundamentals and sentiment.9:45 - Outlook for mining equities.15:50 - Paper vs. Physical price disparity.21:40 - Valuations in a rising gold environment.27:50 - Jurisdictions in Southern Africa.31:00 - Cost of labor...Read More
This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market?Powell Gives Interview and TestifiesPowell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an...Read More
Brazilian iron ore exports are not being affected by the increase in Covid-19 cases in the country, despite recent data showing a slowdown, Usiminas' mining arm director Carlos Rezzonico said in a conference call on Friday May 22.Minera????o Usiminas (Musa), a 70:30 joint venture between Usiminas and Japanese group Sumitomo Corp, has been operating normally during the pandemic, the executive told...Read More
Swedish steelmaker SSAB plans to extend temporary layoffs for its Finnish sites until September at least in a response to a downturn in the European steel market, the company said in a release on Wednesday May 20. In April, SSAB agreed temporary layoffs at its Finnish sites averaging three weeks in April-June with its employees and announced steelmaking output cuts. With economic conditions a...Read More