By PlungerMr. Market the Great DeceiverMarkets are deceptive...but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to no...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
The Heart of the Matterby John Hussman of Hussman FundsLet's be clear. October's market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent "fast, furious, prone-to-failure" rebounds are among the factors that encourage investors...Read More
VANCOUVER, BRITISH COLUMBIA / November 21, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and Highbury Energy Inc. ("Highbury") are pleased to report completion of a comprehensive study analyzing beneficial gasification routes from Petroleum Coke ("Petcoke") to three products of value: Hydrogen, FT Liquids and Fuel Gas. Each of these products has potential m...Read More
SD Midweek Update: Gold & silver are holding steady as expected, but wait until you read what has just been uncovered about the US economy...There must be a problem with consumer spending. We often hear that America is a 70% consumption-based economy, so buying trinkets from Wal Mart and riblets from Applebee's is important.But what if the consumer is tapped out?No worries, another tax cut is on i...Read More
RAPAPORT...A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the"washing season of 2018" at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season, which "lasted from the twenties of May to the24th of September"? That much was a mystery. Since the text seemed to be aboutmining and productio...Read More
RAPAPORT... A bookkeeper at Lev Leviev's diamond business jumped to herdeath from the company's office at the Israel Diamond Exchange on Tuesday,according to local media. The 42-year-old woman had been questioned by police in aninvestigation into an alleged crime ring at LLD Diamonds, Globes reported.She was one of nine employees of the firm arrested since the probebegan, the report said. "W...Read More
RAPAPORT... Botswana Diamonds' loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460) for the 12 months ending June 30, versus adeficit of GBP 161,868 ($207,200) the previous year, it said Monday. Thecompany incurred an impairment charge of GBP 179,524 ($229,800) at its S...Read More
The World Diamond Council (WDC) has reiterated its support for the Kimberley Process (KP) certification scheme to end trade in conflict diamonds, while expressing concern over the progress in reforming its scope.In a press statement issued after the conclusion of the 2018 KP plenary meeting, in Belgium, the WDC said the KP plenary’s final communique of the submission by the Canadian governme...Read More
(IDEX Online) - While reiterating its support for the Kimberley Process Certification Scheme (KPCS) as the most effective means possible to end the trade in conflict diamonds, the World Diamond Council (WDC) expressed concern that more progress was not made in reforming its scope during the 2018 KP Plenary Meeting that ended on November 16 hosted by the European Union in Brussels, Belgium. ...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 5.3 percent in the U.S. market in September, when compared to the same month a year ago, as the graph below illustrates. The rise is the lowest seen so far this year, but is nonetheless a solid increase. Overall sales in September, the last month for which figures are available, were an estimated $5.5 billion, according...Read More
Broda said BHP could get "first-mover advantage into the next cycle" if it sticks to its new framework."We therefore see BHP as likely much more active in M&A going forward, especially should the target have high-quality growth options," he said.The major's CFO Peter Beaven summarised the plan as looking earlier at possible big plays."We could lose all our investment on these if, for instance,...Read More
It reported a loss after tax of US$2.2 million for the three months to September 30, down from the $1.4 million loss a year ago, but an improvement on the previous quarter's loss of $3.2 million.This translated to a 0.3c loss per share, steady on the year, but an improvement on the June quarter's 0.5c/share loss.Revenue for the quarter was $9 million, 23% higher on the year and up 11% from the Jun...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedWhile there are no assays at this stage, the two widely spaced diamond holes intersected several zones of secondary copper and narrow veins starting just below surface.The company said it opened up the potential of the wider T20 project, which covers around 3350sq.km.PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limit...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedLast week's Asia CESCO conference in Shanghai was expected to throw some light on the contradictions in the market for copper, arguably the most important metal in the global economy because of its widespread uses in everything from electronics to construction.But anyone expecting a clear picture at the event organised by a Chilean...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.4% this morning, Wednesday November 21. Lead led the rebound with a 1% gain to $1,979 per tonne, while nickel was little changed and the rest were up between 0.2% and 0.3%, with copper up by 0.3% at $6,194 per tonne. Volume has been below average with 4,562 lots traded as at 7.19am London time....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for October Durable Goods Orders was a drop of 1.8% versus a gain of 0.8% in September. Actual was down 4.4%. Excluding transportation, consensus was an increase of 0.4% versus no change i...Read More
A common question people ask is, “Where did all my money go?” Sometimes it's a joke, but often it's a serious question. The reason people ask this question is because they do not fundamentally understand how cash flow works. They do not really control their money. Rather, it controls them.Today, many people are in financial trouble because they have too much cash flowing out of their p...Read More
My conversation with Dave Gonigam caught me a bit off guard.“Zach, I like reading your work. But I wish you weren’t so darn BULLISH all the time!”And so began a lively discussion about where we are in the market cycle, what investors can expect in the months ahead, and how best to protect one’s wealth.(Dave, as you probably know, is the managing editor for The 5 Minute Fore...Read More
CALGARY, Alberta, Nov.21, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide the analytical results for the Phase-1 sampling program on its 100% owned Mineral Mountain copper project located approximately 15 miles east of Florence, Arizona (see...Read More