San Francisco, California November 5, 2019Editor's note: We've discussed Modern Monetary Theory, which is essentially money printing on a colossal scale, in The Daily Reckoning before. Today Charles Hugh Smith gives you an objective account of MMT and arrives at a disturbing conclusion.Dear Reader,We've heard a lot about Modern Monetary Theory (MMT) for several months now. The Daily Reckoning has...Read More

Four years ago, Argentines elected Mauricio Macri as their president on his promise to fix the country's troubled economy after 12 years of populist government under Cristina Fernandez de Kirchner and her husband Nestor Kirchner.Macri - who comes from a wealthy family and was the first centre-right president to lead Argentina since its return to democracy in 1983 - took office in December 2015.T...Read More

Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftEven positive newsflow from the likes of Pan African Resources and Bushveld Minerals hasn't significantly moved...Read More

Cartier Resources (TSXV: ECR) has released a maiden resource for the Central Gold Corridor on its Chimo mine property, 45 km east of Val-d'Or, Quebec.Indicated resources stand at 3.26 million tonnes grading 4.4 grams gold per tonne for 461,280 contained oz. gold. Inferred resources add 3.68 million tonnes grading 3.53 grams gold per tonne for 417,250 contained oz. gold.The maiden resource was bas...Read More

Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western Guyana.Gold output for the three months ended Sept. 30 came in at 22,100 oz., a record low since the open-pit mine started commercial production at the beginning of 2016, and well below market expectations,...Read More

The Dow Jones Industrial Average rose 1.44% to 27,347.36 and the S&P 500 Index increased 1.47% to 3,066.91. Spot gold gained 0.67% to US$1514.10 per ounce.Compania de Minas Buenaventura climbed US$1.59 per share, or 11.27% to US$15.70. Peru's largest publicly traded precious metals mining company reported third-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) from di...Read More

The S&P/TSX Venture Composite Index fell 0.9% to 541.49. Spot gold finished at US$1,514.10, up 0.67%.Abitibi Royalties shares jumped 68 ?, or 4.78%, to $14.90. The company's board of directors approved a dividend of 3 ? per common share for the fourth quarter, which would amount to 12 ? per common share on an annual basis. The company generated total cash during the third quarter of $988,000, of w...Read More

The S&P/TSX Composite Index rose 1.16% to close at 16,594.07. The S&P/TSX Global Mining Index gained 2.07% to 76.65 and the S&P/TSX Global Base Metals Index went up 2.96% to 100.64. The S&P/TSX Global Gold Index increased 1.53% to 247.01, and spot gold moved 0.67% higher to US$1514.10 per ounce.Torex Gold Resources shares jumped $2.37, or 13.7%, to $19.68. The company reported record gold producti...Read More

Trish SaywellThis episode features an interview with acting editor-in-chief and senior reporter Trish Saywell on John Felderhof and his life after Bre-X. Trish discusses what it was like to spend three days with Felderhof in the Philippines and what his views were on one of Canada's biggest financial scandals.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnak...Read More

Maptek has more than 320 employees and generates more than A$100 million a year of sales. The 40-year-old business has enjoyed strong growth in the past three years on the back of its broad global customer base, and sales and support network, and new product releases.Peter Johnson told Mining Journal earlier this year: "Overall it's a very exciting time to be working in this space. We enjoy very p...Read More

In this video we analyze the potential impact the breakout in the stock market will have on gold & the gold stocks. We draw a few conclusions.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor,...Read More

It happened. Hallelujah. Or maybe better: Watch Out! The yield curve, after having been at least partially inverted all year, un-inverted today.Continue...Read More

"They [democrats/communists] should not tell everything they're going to do," she said. "If you are going to take people's guns away, wait until you get elected and Continue...Read More

Gold has been mired in a months-long trading range. Until it breaks out - either to the upside or the downside - there's nothing to do except short-term tradesContinue...Read More

Understand that the current digital derivative and fractional reserve pricing scheme is rooted in fraud. Continue...Read More

In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.” Fast forward another week and a few positives has morphed into a handful of positives.  First let’s look at GDX. In the chart below we plot...Read More

The Lesotho government has renewed the mining lease for LSE-listed Gem Diamonds’ Letšeng mine, CEO Clifford Elphick confirmed on Tuesday.The terms of the renewed mining lease were agreed with the Lesotho Mining Board following a statutory negotiation process. The lease was renewed for an immediate period of ten years with exclusive rights granted to Letšeng to renew the mining...Read More

Why is Diamond Giant Being So Generous?Guest's website: https://secure.kaiserresearch.comProduced by https://www.HoweStreet.comDon't miss out - Stay Informed!Receive the HoweStreet.com Weekly Recap with thought provoking podcasts, radio and articles delivered to your inbox.Sign up for the HoweStreet.com Weekly Recap on the homepage at https://www.HoweStreet.com#RareEarth #Diamonds #DiscoveryWatchRead More

Why is Diamond Giant Being So Generous?Guest's website: https://secure.kaiserresearch.comProduced by https://www.HoweStreet.comDon't miss out - Stay Informed!Receive the HoweStreet.com Weekly Recap with thought provoking podcasts, radio and articles delivered to your inbox.Sign up for the HoweStreet.com Weekly Recap on the homepage at https://www.HoweStreet.com#RareEarth #Diamonds #DiscoveryWatchRead More

A gold price as high as US$5,000 per ounce isn't out of the question, but according to Gerardo Del Real of the Outsider Club, it would not come without a cost. #NOIC2019 #GoldPrice #GoldStocks"I actually think US$3,000 to US$5,000 is very reasonable," he said when asked about the yellow metal's potential at the New Orleans Investment Conference.However, Del Real warned, prices that high would com...Read More