The first time I appeared on live financial television was August 15, 2007. It was a guest appearance on CNBC's Squawk Box program at the early stages of the 2007-2008 financial crisis.Of course, none of us knew at that time exactly how and when things would play out, but it was clear to me that a meltdown was coming; the same meltdown I had been warning the government and academics about since 20...Read More
The government "shutdown" enters its second month.But today we raise a celebratory cheer...A cheer for the temporary unemployment of one subset of furloughed federal employees.We refer to the government statisticians who collect, sort, analyze, worry, torture and weaponize economic data.That is, those who throw false weights upon the scales in support of government policy x or government policy y....Read More
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets. For much of the last decade many conservative Continue...Read More
Allianz chief economic adviser Mohamed El-Erian on why he believes that the Federal Reserve will cut rates in 2020 and the strength of the U.S. economy.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. D...Read More
These stocks represent three very different ways to profit from mining.Continue...Read More
Gold prices had been rising in North American and late London trade as the dollar runs into supply. Gold is currently trading at $1,280/oz, down from $1,283/oz and up from $1,276/oz. Initially, the US dollar was favoured by investors at the start of the week following mixed Chinese data which made for assorted sentiment in markets surrounding the outlook for global growth. However, the IMF...Read More
- "Something wicked this way comes" warns John Mauldin- Shaky China: Chinese landing could be harder than expected- Brexit and EU Breakage: "I have long thought the EU will eventually fall apart"- Helpless Europe: If Germany sneezes, their banks & the rest of continent catches cold- We may see "yellow vests" spread globally: Economics is about to get interesting ...by John Mauldin via Thoughts...Read More
NOVA SCOTIA - Vancouver-based Atlantic Gold Corp. confirms that recent diamond drilling has confirmed mineralized extensions at both the Fifteen Mile Stream project and the Cochrane Hill project.At Fifteen Mile Stream, located 57 km from the central mill at the Moose River Consolidated gold mine, Atlantic drilled 11,385 metres in 69 holes. The best results were 4.31 g/t gold over 9 metres, 3.24 g/...Read More
Core from a quartz arsenopyrite breccia vein in the Central structure of the 3 Aces project. (Image: Golden Predator Mining)YUKON - Golden Predator Mining Corp. of Vancouver says its 2018 drill program at the 3 Aces gold project successfully extended the mineralization in the Hearts zone. Continuity has been confirmed 500 metres down dip and 220 metres along strike from the zone's discovery outcro...Read More
• The precious metal extended last week's bearish break through confluence support and fell to over two-week lows on the first trading day of a new week. • The mentioned support comprised of 4-hourly 100-period SMA and the lower end of a near one-week-old trading range, forming a rectangular chart pattern. • A subsequent b...Read More
BRITISH COLUMBIA - Wildsky Resources of Vancouver and Margaux Resources of Calgary have signed a letter of intent covering Wildsky's Cassiar gold project 105 km south of Watson Lake. Wildsky will grant Margaux an option to acquire all of the common shares of Cassiar Gold Corp., a subsidiary of Wildsky.Margaux will issue 58.2 million common shares to Wildsky at a deemed price of $0.08 per share for...Read More
What happens when a geologist and an author whose chief interest is California's Silicon Valley get together to take a look at the United States' dependence on foreign supplies of critical minerals? The result is a long hard look at how our southern neighbour failed to take advantage of its mineral resources. Instead the authors say that the reliance on foreign supply has created a national securi...Read More
A former CEO of the Mining Association of British Columbia has withdrawn from providing a keynote address January 26 to mining students at the University of British Columbia (UBC), after the Alberta Securities Commission implicated his company in a widespread share distribution scandal.This week, Michael McPhie, a prominent voice and advocate for the province's mining sector, told Scott Dunbar, he...Read More
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says."CIBC economists are not forecasting a recession in 2019, but we expect increasing trade barriers and tariffs to slow down global growth over the next 18 months, delaying our previously forecast...Read More
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says."CIBC economists are not forecasting a recession in 2019, but we expect increasing trade barriers and tariffs to slow down global growth over the next 18 months, delaying our previously forecast...Read More
Is gold ready to break down? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contra...Read More
Prospero Silver (TSXV: PSL; US-OTC: PSRVF) has begun phase two drilling at its Pachuca SE project in Hidalgo State, Mexico, shortly after Fortuna Silver Mines (TSX: FVI; NYSE: FSM) exercised its option to acquire up to 70% of the project in late 2018. Fortuna can earn its interest in Pachuca SE by spending US$8 million on the project, including at least US$1 million in the first year, and completi...Read More
Gold price started a major downside correction from well above the $1,295 level against the US Dollar. The price declined and broke the $1,292 and $1,290 and $1,285 support levels on FXOpen. During the decline, there was a break below a major bullish trend line with support at $1,291 on the hourly chart. Finally, there was a close below the $1,285 support and the 50 hourly simple moving average....Read More
• The risk-on mood/positive US bond yields exert some fresh downward pressure. • A subdued USD price action fails to lend any support or ease the bearish pressure. • Absent relevant economic releases might continue to prompt some technical selling. Gold remained under some selling pressure for the third consecutive session and h...Read More
The gold mining sector is a highly fragmented industry but is now seeing some aggressive consolidation among the large cap names.In a public market that has massive market caps, the gold miners run the risk of becoming irrelevant.Barrick and Newmont/Goldcorp have lit a pathway and many others will follow, whether they want to or not.It might be worth owning some GG shares for the short term, but I...Read More