Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More
* Coordinated move comes after election ultimatum * Opposition head declared himself interim president * Major EU nations join Trump's stance against Maduro * Russia accuses EU of foreign meddling, Italy divided (Adds Estonia, edits)By Gabriela Baczynska and Jose El?-as Rodr?-guezBRUSSELS/MADRID, Feb 4 (Reuters) - Major European nationsjoined the United States in recognising opposition leader Juan...Read More
REVIEW AND PREVIEW The U.S. economy added 304,000 jobs in January, according to data released by the Bureau of Labor Statistics. The report follows a 35-day U.S. government shutdown. It also marks the 100th straight month of jobs growth. However, the report also included a sharp downward revision of December’s jobs gains. January’s wages also grew at a much slower-than-expected pace. &...Read More
* Chinese holiday expected to subdue volumes this week * Market focus is on U.S.-China trade dispute (Updates with official prices, adds nickel)By Pratima DesaiLONDON, Feb 4 (Reuters) - Zinc prices climbed to seven-monthhighs on Monday, lifted byconcerns over shortages due tofalling stocks and environmental constraints, and delays to newcapacity in top producer China.Benchmark zinc on the London M...Read More
* STOXX 600 flat * Euro zone banks down for sixth day * Wirecard bounces back (Recasts, adds details, closing prices)By Danilo Masoni and Julien PonthusMILAN/LONDON, Feb 4 (Reuters) - European shares were flat onMonday as the heavyweight banking sector fell further followingpoor results from Julius Baer and as optimism fueled by strongU.S. economic data faded.The pan-European STOXX 600 index added...Read More
* Eskom forecasts annual losses until 2022 * Utility seeks even higher power tariff hikes * Firm supplies more than 90 percent of S.Africa's power (Adds bond moves)By Alexander WinningJOHANNESBURG, Feb 4 (Reuters) - South Africa's strugglingpower firm Eskom expects to make a wider 20 billion rand ($1.5billion) loss in the current financial year and wants steepertariff hikes than it previously soug...Read More
James Hyerczyk22 hours ago (Feb 04, 2019 3:21 AM GMT)Gold futures are trading lower early Monday, pressured by a steady U.S. Dollar as investors continued to react to Friday’s solid U.S. jobs report and upbeat factory activity data. The news is helping to drive up U.S. Treasury yields as investors cut expectations on a rate cut later this year. Rising rates are helping to make the U.S. Doll...Read More
Gold trades little changed near $1317 in early Asian trading session. Prices extend their pullback from “Rising Wedge” trendline resistance initiated on Thursday. $1306 and $1300 seem immediate supports whereas $1326 and $1333 can restrict immediate upside of the yellow metal. Gold trades around $1317 on early Monday. The yellow metal took a U-turn from near-term “Rising Wedge&...Read More
Bob Moriarty ArchivesFeb 4, 2019A young company in Vancouver offers investors an interesting option in two important metals, LREE (Light Rare Earth Elements) and uranium. They recently changed the name of the company to reflect the attention to defense based metals.The company has aggressively picked up an important LREE project called the Wicheeda Deposit located about fifty miles NE of Prince Ge...Read More
By: Keith Weiner, Monetary MetalsOn January 6, we wrote the Surest Way to Overthrow Capitalism. We said:"In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free market can know the right rate."Today's article is part I that promised article.Let's consider how to know...Read More
StrengthsThe best performing metal this week was gold, up 1.11 percent. Gold traders were bullish on the outlook for a 12th straight week and the most bullish in five weeks, according to the weekly Bloomberg survey. The yellow metal is up more than 2 percent for the year and is set for a fourth monthly gain. This comes as the dollar is down for a third month. Gold saw a boost in particular on We...Read More
By: Steve St. Angelo, SRSrocco Report Get ready for a new era of precious metals investor. That's correct. Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits. The Millennials, or those in the 23-38 age group, have participated less in the stock market than previous generations. And, rig...Read More
HUI, the Gold Bugs Index, is close to triggering its first buy signal on the weekly chart in more than two years. The first proved to be a dud, and it sent this popular trading vehicle into a ratcheting downtrend that would have driven most bulls to the edge of despair. As a result, skepticism toward the current rally undoubtedly is high. But traders should be prepared for a pleasant surpr...Read More
The Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash.The Fed's "Prime Direct...Read More
By: Jordan Roy-Byrne CMT, MFTAFirst we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and...Read More
Have we reached "peak Trump"? Is there no way out of the swamp? Former Reagan Administration senior official David Stockman joins today's Liberty Report to discuss his upcoming book, Peak Trump: The Undrainable Swamp And The Fantasy Of MAGA.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New Yo...Read More
The latest on the global warming front is a UN report on the "emissions gap" that admits the Paris Accord would never work. The UN has admitted that the Continue...Read More
Hard as it is to believe, airline travel recently became even more unpleasant. Transportation Security Administration (TSA) employees being required to work without pay for the duration of the government shutdown resulted in many TSA workers calling in sick. The outbreak of "shutdown flu" among TSA employees forced some large airports to restrict the number of places mandatory TSA screenings were...Read More
The key insight of the Austrian School of Economics (maybe the key insight of ALL economics) is that the amount you borrow matters, but so does the use to which you put the money.Continue...Read More
Luke Gromen believes that the much ballyhooed celebration over the end of the US-China trade war is extremely premature. To Luke, it's a case of an immovable object getting hit by an unstoppable force. For the US to prosper and start making things again, it will have to give up the dollar's reserve currency status. For China to move forward, it will have to give up its predatory IP policy and othe...Read More