Institutional investors looking for asset diversificationInflationary talk prompting search for portfolio hedgeGold Soars as Crypto Currencies PlungeInstitutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations. Some big investors are seeking to diversify their portfolios and taking a hard look at gold as...Read More
Rainy River's AISC is expected at $875/toz over the first 9 years of production, which is notably higher than originally projected.New Gold is working on an update of the Rainy River mine plan. It estimates that the average annual production could be 275,000-375,000 toz gold over the first 9 years.Despite the higher than expected Rainy River AISC, if New Gold hits the 2018 guidance, the share...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 New York judge has a imposed a jail term of one year and a term of four years on two individuals accused of helping Vancouver-linked fraudster Ed Durante as he defrauded investors in a pink sheets company of $11-million or more. (All figures are in...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 Thursday was a disappointing 68-106-117. The TSX Venture Exchange fell eight points to 876 while polished diamond prices edged lower. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd....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 New York judge has a imposed a jail term of one year and a term of four years on two individuals accused of helping Vancouver-linked fraudster Ed Durante as he defrauded investors in a pink sheets company of $11-million or more. (All figures are in...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 New York judge has a imposed a jail term of one year and a term of four years on two individuals accused of helping Vancouver-linked fraudster Ed Durante as he defrauded investors in a pink sheets company of $11-million or more. (All figures are in...Read More
Integra Resources (ITR.V) has now confirmed it has completed the acquisition of the Empire claim group which includes the past-producing Florida Mountain mine. We already briefly discussed the Florida Mountain project in our Q&A report with CEO George Salamis, but let's recap why this is an interesting acquisition.First of all, this past-producing mine is located less than 10 kilometers away f...Read More
Dropping Population Means Less Representation in CongressThe census bureau came out with estimates on which states will gain or lose congressional seats after the 2020 census. Congressional seats are apportioned by population.Most of the states with dropping populations are high tax states. California, Rhode Island, and New York are all expected to lose Congressional seats. Illinois is hit especi...Read More
It is a pleasure to speak again at the Empire Club.I have always believed that the future price of gold is best understood through long-term irreversible trends. Today’s macro trend changes are part of a looming tectonic shift that started decades ago, and have not been adequately reported by the mainstream media.Since the 2008 financial crisis, the Bank for International Settlements (BIS) i...Read More
- 'Gold is in the early stages of a sustainable long-term bull market' Rickards- Rickards believes the next bull market in gold will be even more powerful than those of 1971-1980 and 1999-2011- This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes- Warns of Peak Gold 'Physical gold is in short supply. Refiners can't get enough to meet demand.'- 'Now looks like a g...Read More
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve's flattening trend (Amigo 3).When our zany friends complete the journey, big changes are likely in the macro markets.Let's take a checkup on each Amig...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More
Following the dismissal by a U.S. court of Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo, the Canadian company announced that it has requested a new hearing.According to Venezuelan media, the miner filed the new request before the 3rd U.S. Circuit Court of Appeals earlier this week. The company alleges that the South American country is performing "fraudulent trans...Read More
After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional...Read More
Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal – precious metal – rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilli...Read More
https://uk.reuters.com/LONDON, Jan 18 (Reuters) – After the party must come the hangover. Industrial metals went on something of a bull bender over the course of December and have done no more than stagger into the New Year.Copper went on an 11-day binge of consecutive highs as London Metal Exchange (LME) three-month metal powered through the $7,000 a tonne barrier to a four-year peak of $7,...Read More
"Everything is connected. All the banks are connected. Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity."Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senio...Read More
Click Here to Listen to the InterviewEgon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset mana...Read More
Wolf Richter's website: http://wolfstreet.comRead More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More