Low cobalt prices and higher taxes under the new mining code in the Democratic Republic of the Congo have combined to make Glencore's (LON: GLEN) Mutanda cobalt and copper operation uneconomic, the company says.Mutanda - the world's largest cobalt mine - will transition to care and maintenance by year-end. Last year the mine produced 27,000 tonnes cobalt (20% of the world's supply of the metal) an...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Australian gold major Newcrest Mining (ASX: NCM) was up 3% in afternoon trade to its highest point since 2011.Meanwhile investors have shown strong reactions to miners' results as the reporting season continues.Canada-based miner B2Gold (TSX: BTO) shot up to an all-time high yesterday before closing up 11.45%, as it announced better-than-expected results including record quarterly consolidate...Read More
The total resource is 100.6 million tonnes grading 4% lead, 97 grams per tonne silver, 1.9% zinc and 0.2% copper, an increase of 13% since the December 2018 estimate.Read More
Argo Gold (CSE: ARQ) is a Canadian company focused on gold exploration projects in central and northwestern Ontario that have indications of economic viability. All of Argo Gold's projects are 100% owned. The high-grade flagship, Woco Gold Project, is located 1.5 kilometres south of the past-producing Uchi Mine in the Birch-Uchi Greenstone Belt, which also hosts the multi-million ounce Springpole...Read More
Did you hear the news?Twenty-one Sears and five Kmart stores will be closing in October.I didn't even know either of those stores still existed.I thought they faded into the backdrop of progress years ago, leaving a scattering of empty storefronts and littered strip malls in their wake.I don't say this to be cruel, though.In fact, I have fond memories of my father buying me $0.25 ham sandwiches fr...Read More
- Gary Christenson, The Deviant InvestorBreaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.Gold closed at its highest price since 2013.Read: Silver Prices - The Next Five YearsWhat Happens Next?We don't know. Gold has disappointed for...Read More
By: Ira EpsteinBig violent Summer trading day in the general markets. Bonds getting ahead of themselves? 1% US 10-Year Note yields... 0% yields?Gold took off last Thursday, 18-DMA now $1,445 and rising, bias is up:Read More
By Avi GilburtIn 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTHThis made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.It seems that every single analyst that you read regarding the gold market parrots the exact same thesis: If the dollar rises gold falls, and if the dollar falls gold r...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
? + "Get knowledgeable and get prepared as this crisis is going to be the worst in my life time"? + "I own physical gold and silver coins ... everyone should own them"? + "I own Chinese, Russian, American, Australian, Austrian silver coins" and "I own UK gold coins and I own a lot of gold coins from various places"? + "Singapore has been and is a very safe location for storage, Switzerland is too,...Read More
"But what we can't do is fail to pass something. What I want to see here is an outcome, not a bunch of partisan back and forths, shots across the bow."Continue...Read More
Jason talks about the real reason that the Fed cut rates despite a supposed economic expansion and why more rate cuts (President Trump would be very happy) are coming sooner than later!Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people...Read More
An inversion of the 2- and 10-year yields has happened before every recession over the past four decades. Continue...Read More
The US continues to escalate its anti-Venezuela measures this week, having announced Monday night that sanctions have grown to an economic embargo, and now that appears to include Continue...Read More
"I'm sorry I was born white and privileged. It disgusts me. And I feel so much shame." Continue...Read More
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policiesContinue...Read More
Bob Moriarty of 321 Gold gives his outlook on the gold market. All markets go up. All markets go down. No market ever goes straight up unless it's the end of the world and in that case why would you care?Gold hit bottom in early 2016. Smart money was buying then. Gradually gold rose and fell with the tide until lately when it went on a roll. All the permabulls are screeching about a new bull mark...Read More
These new assets expand the Canadian company's prospective project portfolio there. Taku Gold Corp. (TAK:TSX.V; TAKUF:OTCMKTS) announced in a news release it acquired the Gold Run and Midas properties in the Yukon's White Gold District, thereby extending its recently purchased Portland gold project to 13 kilometers along trend. Gold Run is a roughly 895 hectare area, consisting of 44 contiguous q...Read More