Full Article: MGX Minerals Acquires Additional 10,000 Acres of Oil and Gas RightsMGX Minerals VANCOUVER, BRITISH COLUMBIA / May 8, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce it has acquired an additional 10,331.32 acres of Oil and Gas Leases ("Leases") located within the Company's unitized 80,380-acre Blueberry Unit ("Blueberry U...Read More
By Craig HemkeLast week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail. If you missed last week's column, you should be sure to read it. It can be found here: https://www.sprottmoney.com/Blog/gold-going-on-sal... Ultimately, this is an issue of dollar strength. The pas...Read More
By Jordan Roy-Byrne CMT, MFTA Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No on...Read More
Full Article: Argentina Joins Venezuela In The Currency Crisis ClubBy: Dollar Collapse.comIn interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I mea...Read More
How do you know when to underweight or overweight gold or silver? Mike Matousek, head trader at U.S. Global Investors, explains how he looks at the gold and silver price ratio to determine the opportune time to adjust weightings. Mike also explains silver's seasonal trading pattern and that historically returns are higher in the months of June, July and August.For Mike's full explanation of thes...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 1...Read More
Source: Maurice Jackson for Streetwise Reports 05/08/2018 Technical analyst Chris Vermeulen of Technical Traders speaks with Maurice Jackson of Proven and Probable about what he sees in the charts for Platinum Group Metals. -->Maurice Jackson: Joining us today is Chris Vermeulen of Technical Traders. Today, we will be discussing why you should consider platinum in your portfolio. Chris, we'...Read More
By Steve St. AngeloAs the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver. While one of the reasons to own precious metals is understood by many in the alternative media community, the more important critical factor is not.The motiva...Read More
Part 1 (parts 2 & 3 below)Part 2Part 3Mohamed 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 world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian...Read More
By Rory HallNormally, I don't step out and make such bold statements as gold mining supply IS collapsing, however, in this case it seems appropriate. We have reported on several occasions just in the past week, here, here and here how some of the largest mining companies in the world are seeing massive reductions in gold production. While funding continues to flow into mining companies new disco...Read More
By Frank HolmesCall it the news of the year, perhaps even of the decade. For the first time since the Korean Peninsula was divided in 1948, leaders of the two warring nations met in what had the look and feel of a jovial reconciliation between two estranged family members. Kim Jong-un of North Korea and President Moon Kae-in of South Korea made a number of important, though tentative, breakthrou...Read More
Former Congressman Ron Paul joins Larry with his take on Donald Trump, the Russia probe, and warns of a 'secret government' operating in the U.S. Then former Defense Secretary William Cohen on the potential pitfalls in negotiating with North Korea.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the...Read More
Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have not cut offers further citing a slight improvement in the global market. CIS producers cut their offer prices in early April and again later in the month.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $580-590 per tonne fob Black Sea on Monday May 7, nar...Read More
Graceland Updates By Stewart Thomson 1. Please click here now. Double-click to enlarge this daily gold chart. Gold has traded in a drifting rectangle pattern for most of this year.2. Please click here now. Double-click to enlarge this important weekly gold chart. 3. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern. That has been form...Read More
World focus is on Trump's Iran decision. My personal view is that the Nuclear deal with Iran will be cancelled. New trade sanctions will be imposed on Iran. Republican-Saudi nexus want crude oil prices to form a lower floor at $100. They want crude oil prices to rise to $100 as soon as possible. In order to achieve this motive, trade sanctions on Iran will have to be imposed on some pretext. Nat...Read More
SHANGHAI, May 8 (SMM) – South32's offer of Australian ore with 46% Mn fell $0.4/dmtu month on month and stood at $7.8/dmtu cif in June, SMM learned. The downward adjustment was expected by domestic buyers. However, the lower offer in June still stands higher from the latest spot price, SMM learned. SMM assessed Australian ore with 46% Mn at 57.5 yuan/dmtu&nb...Read More
I recently emailed you about how this latest real estate bubble looks just like the last one. It's surged about the same, this time peaking a little higher, and has run for about as long.Continue...Read More
By Jordan Roy-Byrne CMT, MFTA Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No on...Read More
Alasdair MacLeod tells Silver Doctors as gold moves higher, silver, being the poor man's gold, will move like "Greased Lightning." Here's why...Alasdair MacLeod, Head of Research of GoldMoney, Interviewed by Silver DoctorsMacLeod says hedge funds have shorted silver, leading to silver being extremely oversold.It is only a matter of time until gold will break out above the $1360 resistance level.A...Read More
China's domestic hot-rolled coil prices ran flat on Tuesday May 8 and demand remained stable as the futures market traded in a tight range throughout the day. DomesticEastern China (Shanghai): 4,200-4,220 yuan ($660-663) per tonne, unchangedNorthern China (Tianjin): 4,050-4,070 yuan per tonne, unchangedHRC futures moved in a narrow range between 3,726 yuan per tonne and 3,764 yuan per tonne today,...Read More