Barrick Gold Corp. GOLD, -1.41% said Monday that the World Bank International Center for Settlement of Investment Disputes has awarded $5.84 billion in damages to Tethyan Copper Company Pty Ltd., a joint venture held equally by Barrick and Antofagasta PLC (ANTO.LN), in relation to the arbitration claims filed against Pakistan following the denial of a mining lease for the Reko Diq project in Pakis...Read More
Over 150 years of research exists with respect to manipulation of American commodities markets. This is not a new phenomenon.Research shows that excessive short or long positions in commodities futures abnormally affect their market prices, similar to the stock and bond markets.Research also shows that excessive short future positions covering amounts beyond typical production lower commodity pric...Read More
A mining company says it won't carry out cleanup work ordered by the U.S. Environmental Protection Agency as part of a Superfund project in southwest Colorado.Read full newsRead More
July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
* Greece to issue seven-year bond "in the near future" * Bankers say it aims to raise about 2 bln euros * Greece could open books on Tuesday, the earliest - sources (Adds details)By Lefteris PapadimasATHENS, July 15 (Reuters) - Greece plans to issue aseven-year bond"in the near future", authorities said onMonday, hoping to take advantage of record- low borrowing costs.The marke...Read More
* GRAPHIC-2019 asset returns:* Speculators raise net short positions * Nickel prices touch highest since March (Updates with closing prices)By Pratima DesaiLONDON, July 15 (Reuters) - Copper prices touched two-weekhighs on Monday as better than expected industrial output andinvestment data from top consumer China boosted sentiment,though gains were capped by the protracted U.S.-China tradedispute....Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to provide shareholders with an update on the Company's revenue increase following a successful summer sale. The month of June in 2019 brought in $160,000 in revenue across Peekaboo Beans' various distribution channels, compared to $41,000 in June 2018.In addition to the summer sale, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
By: David HaggithThis month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That's something, right? Something? Let's take an honest look at what we now call great.By "the longest expansion" we mean the longest period in which US GDP has been growing without a recession. Now, that's some...Read More
By: Gary SavageGold's commercial short position will not crash gold, analysts are mistaken:Read More
Dear Friend of GATA and Gold:Modern Monetary Theory, which has been getting much attention lately, is so controversial mainly because it is misunderstood.It is misunderstood first because it is not a theory at all but a truism.That is, MMT holds essentially that a government issuing a currency without a fixed link to a commodity like gold or silver is constrained in its currency issuance only by...Read More
By: Ira EpsteinGold short-term is paused, figuring out what next?Read More
By Robert LambourneThe Bank for International Settlements' has just published its statement of account for June and it indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks. But recent activity appears to be much reduced from the second half of 2018.There is not enough information in the monthly reports to calculate the e...Read More
- No Easy Solutions- A Radical Restructuring of the Economy and Tax Code- MP3?- A Brief Commercial- New York, Maine, and MontanaThis is the final letter of the six-part series of my reply to Ray Dalio's essays. Here are some links to help you wrap it all together.Ray's original letter: Why and How Capitalism Needs to Be Reformed, Parts 1 and 2His follow-up: It's Time to Look More Carefully at...Read More
The decline in the bellwether Turkish ferrous scrap market, along with sluggish long steel demand that led buyers to adopt a wait-and-see approach, applied downward pressure on billet prices in most regions in the week ended Friday July 12.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $282.08 per tonne on July 12, down by $14.10 per tonne from...Read More
The decline in the bellwether Turkish ferrous scrap market, along with sluggish long steel demand that led buyers to adopt a wait-and-see approach, applied downward pressure on billet prices in most regions in the week ended Friday July 12.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $282.08 per tonne on July 12, down by $14.10 per tonne from...Read More
July 12th, 2019(S14-E704)Featured GuestsDr. Marc Faber& John ScurciPlease Listen HereInterview RecapFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook.According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.A global / domestic economic maelstro...Read More
By: David HaggithThis month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That's something, right? Something? Let's take an honest look at what we now call great.By "the longest expansion" we mean the longest period in which US GDP has been growing without a recession. Now, that's some...Read More
By: Gary SavageGold's commercial short position will not crash gold, analysts are mistaken:Read More
Dear Friend of GATA and Gold:Modern Monetary Theory, which has been getting much attention lately, is so controversial mainly because it is misunderstood.It is misunderstood first because it is not a theory at all but a truism.That is, MMT holds essentially that a government issuing a currency without a fixed link to a commodity like gold or silver is constrained in its currency issuance only by...Read More