CEO John McCluskey this week characterised the June quarter as one of the "most challenging" to date, given the COVID-19 pandemic's various impacts. However, the company had "adapted well" and by June both Island Gold, in Ontario, and Mulatos, in Mexico, had safely returned to normal operating levels.Headline earnings for the three months ended June 30 fell 45% year-on-year to US$9.8 million, or 3...Read More
Two heavy-weight quant-oriented investors take to Real Vision today to answer the question, when will this period of extreme valuations end? Mike Green sits down with investing legend Rob Arnott who is the founding chairman of Research Affiliates and discover they have more in common than just concerns about current market valuations. Both took it on the chin in more ways than one during the tech...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
July ends with record monthly closes.Apple becomes world's most valuable company.Gold settings records.Silver has its best month since 1979.US Dollar has lost better than 99% of its value.Slow orderly decline could turn into rapid disorderly crash.10 and 30 year Treasury Bonds close with lowest yields in history.This is the 1970s on steroids.Jerome Powell levels up on not thinking about rates.Meal...Read More
"It is the square-root recovery in the sense that we came down very sharply, we saw that in today's 32.9% annualized contraction in GDP that you mentioned," El-Erian said. "We came back strongly initially - we saw that in last month's jobs report and the initial improvement in jobless claims, and now we're getting the leveling off.""And that is of worry because not only do we have to deal with the...Read More
Nouriel Roubini, NYU Stern School of Business Professor and CEO of Roubini Macro Associates, LLC joins Yahoo Finance's Julia La Roche to discuss his outlook on the global economy as the coronavirus pandemic continues, and bonus unemployment benefits expire.Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International...Read More
We either seize control of our future, or risk losing it.Continue...Read More
Problems often come in bunches. And each new one adds - sometimes exponentially - to the complexity of a given situation. See One Problem Is Manageable. Five Might Not Be.Continue...Read More
What would Jesse do? Former Minnesota governor Jesse Ventura gives his take on how the U.S. is handling the Coronavirus pandemic alongside fiery police protests, as well as what to expect in November from an electorate accustomed to second-guessing its leadership.?>>?Jesse Ventura, is an American politician, actor, author, Navy Seal, and former professional wrestler who served as the 38th Governor...Read More
Is the US Dollar's recent weakness the beginning of the end?Continue...Read More
"In the midst of the worst global economic performance ever, Russia's reserve position is near an all-time high. Not because of energy or agricultural exports. It's because theyContinue...Read More
It is said that a picture is worth 1000words, and thus two pictures are worth 2000 words. The entire financial systemis fracturing and imploding, no exaggeration. The entire monetary system is beingundermined in a true Weimar sense, in reality. Such a situation almost neverhas come about without a world war. Since 2001 in the Jackass opinion, theworld financial war has been in progress with the im...Read More
The following is an update of a previousarticle: During the 2008 financial crisis the Fedsignificantly increased the US monetary base to keep the system from collapse.They are currently in a similar situation, and have done (is doing) the exactsame thing.Here is a chart of the US monetary base toillustrate the similarity: With the 2008 actions they were able to avoidthe collapse until now. Will th...Read More
Prices for round polished diamond were largely static for the "bread and butter goods" - sizes between 0.70-1.99 cts - in July. Fancies under four carats sustained a number of losses. There wasn't a single movement among one-carat rounds (1.00-1.24 cts) and slightly larger and smaller stones - 0.90-0.99 cts and 1.25-1.49 cts - barely moved. But there were discernible trends among some ot...Read More
AVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsSMA is pressing charges against the BHP-operated Escondida copper mine for a reduction in the water table in the Tilopozo sector in the Antofagasta region by more than the maximum acceptable level toRead More
Speculators' net short U.S. dollar positioning soared to the highest level since August 2011, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.Read full newsRead More
KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (Read full newsRead More
Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Read full newsRead More
KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (Read full newsRead More
It’s a rare stock indeed that can satisfy multiple investing strategies at the same time. But one name just about pulls it off. Franco-Nevada (TSX:FNV)(NYSE:FNV) offers investors a reduced-risk play in the gold space. This rare ultra low-risk gold stock combines a strong growth thesis along with some passive income. Gold is on a tear this year, but it’s not too late to get invested.One...Read More