If you asked me what I consider to be the biggest risk to the U.S. financial system right now...I wouldn't say misguided monetary policy...The worsening state of Social Security and Medicare...Mounting deficits in Washington... or even the student loan bubble.Make no mistake: I am concerned about all of those things. And we will talk about them on other occasions here in the Rich Life Roadmap̷...Read More
Buy when the cannons are firing, and sell when the trumpets are blowing.” – Nathan Meyer RothschildThe Rothschild name is synonymous with wealth.They were — and maybe still are — the richest family in the world.One of the most famous Rothschilds, Nathan Meyer, helped finance the Battle of Waterloo for the British to fight against Napoleon’s invasion of Europe.The Brit...Read More
How do 800,000 Americans just “appear” out of thin air?That’s the question investors are asking themselves after last week’s payroll report showed that the better part of a million new people joined the work force last month.Where did these people come from?And are there more “hidden” Americans that are going to show up in March, April or May?Today, I want to ex...Read More
Investor.com – Gold prices were slightly lower on Tuesday, as investors look ahead to U.S. inflation data later in the day for clues on inflation and how fast the U.S. Federal Reserve might raise rates.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange slipped $1.2, or 0.08%, to $1,319.60 a troy ounce by 12:15am ET.The U.S. dollar index that tracks the...Read More
The European Commission is investigating whether the United Kingdom imposes enough tax on commodity derivative trades, according to the UK Treasury. The Commission issued a "letter of formal notice" in the first stage of what is known as an infraction process, which allows it to sue European Union member states if they fail to adhere to EU law. The letter sets out the Commission's initial views on...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a weak 68-84-138. The TSX Venture Exchange gained one point to 829 while rough diamond prices rose 0.4 per cent over the past week and are now up 3 per cent this year. It is too soon...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $3.30 to $1,325.90 on Tuesday. The TSX Venture Exchange rose 1.35 points to 829.05 while the TSX Gold Index added 1.89 points to 183.85. Endeavour Mining Corp. (EDV) led Canadian gold miners higher, adding fiv...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA Pennsylvania jury has convicted Nevada's Louis Petrossi, 77, for fraud after he raised $1.8-million from investors and used most of the money for his own purposes. (All figures are in U.S. dollars.) Among other things, he purchased a BMW, paid for r...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost 65 cents to $60.71 on the New York Merc, while Brent for May lost 31 cents to $64.64 (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.55 to WTI...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 1.35 points to 829.05 Tuesday. Rana Vig has listed his first capital pool shell, Blue Bay Capital Inc. (BLUE), following a $500,000 initial public offering at 10 cents. It has yet to trade. Blue Bay sold...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellSteven Fishoff, a California man charged for a serial insider trading scheme that involved two Canadian listings, has pleaded guilty. He entered the plea in an appearance before U.S. District Court Judge Michael Shipp in New Jersey on Friday, March 9....Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA Pennsylvania jury has convicted Nevada's Louis Petrossi, 77, for fraud after he raised $1.8-million from investors and used most of the money for his own purposes. (All figures are in U.S. dollars.) Among other things, he purchased a BMW, paid for r...Read More
The latest news and price moves to start the Asian day on Wednesday March 14.Lead was the strongest performer on the London Metal Exchange on Tuesday March 13, closing 2.2% higher at the 5pm close. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Early starts to the multitude of labor negotiations due at Chilean copper mines this year could mitigate the r...Read More
The Massachusetts Institute of Technology and Commonwealth Fusion Systems have partnered to advance a new generation of fusion experiments and power plants based on advances in high-temperature superconductors, which could help achieve the long-sought goal of producing fusion power.In a press release, the scientists and funders involved in the project define fusion power as a potentially "inexhaus...Read More
http://www.cbc.ca/news/canada/north/Company says getting $505 million in financing was a make it or break it deal for the Yukon mineClosing a $505 million deal with investors was tough, but the president of Victoria Gold, John McConnell, says persistence paid off.Orion Mine Finance, Osisko Gold Royalties Ltd., and Caterpillar Financial came up with the bulk of the financing needed to move the Yuko...Read More
It was a broadly positive period for mining equities around the globe with Australian-listed lithium producer Galaxy Resources (AU:GXY) following yesterday's 3.5% gain with a further rise above 9%.Staff reporterGalaxy gains again14 MARCH 201814/03/2018commentsshareThe spot gold price was about US$8 an ounce higher than this time yesterday and producer St Barbara (AU:SBM) rose more than 5.5% as it...Read More
The head of the cobalt royalty and streaming company "trading as a proxy for the adoption of the electric vehicle" and aiming to emulate successful precious metals business models, says there is no shortage of potential portfolio projects outside the Congo, and pure-play cobalt ventures, and he has the funding in hand to "have a seat at the table [in] every single one of the ongoing" project finan...Read More
First, it was cryptocurrencies (like Bitcoin), then it was marijuana stocks (like Canopy Growth Corp. (TSX:WEED)), and now there's a new hot commodity that's picking up traction: cobalt.To say the metal is selling like hotcakes would be a vast understatement, especially when you consider the off-the-charts demand that the metal stands to experience over the next decade.Investors have been going cr...Read More
Anfield Energy Inc has agreed to acquire the Charlie in-situ leach (ISL) uranium project in Wyoming from Cotter Corp, as part of a strategy to create a mine and mill production complex in the state. Meanwhile, Energy Fuels Inc is pursuing opportunities to process new and additional alternate feed sources in order to allow the USA's only operating conventional uranium mill to extend its current ope...Read More
Orano USA and Waste Control Specialists (WCS) plan to form a joint venture to license a consolidated interim storage facility (CISF) for used nuclear fuel at the WCS site in Andrews County, Texas. The joint venture will request that the Nuclear Regulatory Commission resume its review of the CISF licence application WCS originally submitted two years ago.How the CISF could look (Image: WCS)In a sta...Read More