The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine.In an interview with local conglomerate Fairfax Media, Elizabeth Gaines said that she has high hopes for the exploration work for copper, gold and lithium that the company is advancing in Ecuador and Argentina. Gaines said that finding the right projec...Read More
A senior aide to U.S. President Donald Trump described trade frictions with Canada on Sunday as a "family quarrel," and brushed aside concerns expressed by Canadian Prime Minister Justin Trudeau."I think he's overreacting," White House economic adviser Larry Kudlow said of Trudeau on Fox News Sunday. Kudlow also said the steel and aluminum tariffs on U.S. allies "may go on for a while" or "they ma...Read More
Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry.Read full newsRead More
Gold mine owners have polluted a river in Brazil's Tapaj??s basin and placed a price on the heads of resisting Munduruku leaders. A federal raid in May failed to stem the conflict.Read full newsRead More
Local media in Pakistan are reporting that four workers died after a gas explosion prompted the collapse of the coal mine where they were working.The mine is located in an area known as Sanjadi, some 70 kilometres from Quetta, the capital city of the northern province of Balochistan.Chief Inspector of Mines Iftikhar Ahmed told GeoTV that at the time of the explosion, nine people were working at th...Read More
China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing.A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met...Read More
"Very bullish mood at this year's @metalbulletin Ni conference. Stainless demand is strong, EVs will widen the supply deficit, and the #nickel price must rise sustainedly over 20% from today's levels to incentivize new production https://t.co/r4NMrdjEpT"Read full newsRead More
my zero waste skincare routine and breakout remedy mask!lemme know if you want an in depth video chatting about why you might have acne on a vegan lifestyle! and what I've done to improve mine!? wanna subscribe and join the journey? :: https://goo.gl/mzwJxM? NEW ? Wanna support me on patreon & let me send ya some funky goodies in the mail? :: https://www.patreon.com/sedonachristi...? Check...Read More
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When it comes to investing in the precious metals space, the following companies are good for your consideration. Analysts believe these stocks can experience some nice upside over the next 12 months.Goldcorp Inc. (TSX:G)(NYSE:GG) is a large-cap gold producer with operations in seven countries. In the first quarter, Goldcorp produced 590,000 ounces of gold at all-in sustaining costs of US$810 per...Read More
The narrative that the economy continues to improve is a myth, if not intentional mendacious propaganda. The economy can't possibly improve with the average household living from paycheck to paycheck while trying to service hopeless levels of debt. In fact, the economy will continue to deteriorate from the perspective of every household below the top 1% in terms of income and wealth. The average p...Read More
Peace Through Mutual BenefitIn modern capitalist economies, foreign trade and investments have become all-important. Peace therefore brings unique dividends. As long as China and the USA are at peace, the Chinese can prosper by selling products to the USA, trading in Wall Street and receiving US investments.Trade is the ultimate peacemaker. When two people–or peoples–benefit from one...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
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12"If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board" Phillipe Reis, author, Asian Storm: The Economic Crisis Examined "Today, the rich are the haves and the poor are the have-nots. Tomorrow...Read More
A couple of decades ago, when the post-war baby boom generation was in its prime earning and tax-paying years, governments had a chance to guarantee the survival of their financial systems. But they blew it. Instead of controlling spending, running surpluses and banking the proceeds against the inevitable retirement of millions of boomers, most chose other priorities, whether military, social or...Read More
By John MauldinMessy PoliticsFatal FlawsParallel CurrencyMarket FireworksThe Mutualization of European DebtStaying Close to HomeTrain wrecks and their financial analogues are a worldwide phenomenon. Europe, as I have written for several years, remains a giant accident waiting to happen as Italy reminded us last week. You may have noticed the results when US trading resumed Tuesday. A wider crash...Read More
By RambusThere are some big H&S bottoms on several of the US stock market indexes that I have maybe only shown you once around the time the necklines were broken. When I first discovered them I wasn't sure they would play out so I just kept them on the back burner to see what would happen.I've mentioned recently how important it is to have a game plan to follow so you know that when the charts...Read More
By Michael J. KosaresEditor's Note: As we move into the annual summer market slowdown, we thought a departure from our usual rendering of charts, tables and numbers would be a refreshing change. "Mphm!" is the result."It is related of the illustrious Sandy McHoots that when, on the occasion of winning the British Open Championship, he was interviewed by reporters from the leading daily papers as...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12"If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board" Phillipe Reis, author, Asian Storm: The Economic Crisis Examined "Today, the rich are the haves and the poor are the have-nots. Tomorrow...Read More