QUESTION: Do you think that the Commitment of Traders and reported inventories are relevant to gauge market performance?ANSWER: The oldest game in town is manipulating inventories. Commodities can be stored at many places, but only selected facilities are on the reporting list. During the famous Buffet Silver scandal of 1997-1998, to justify taking silver up in price they had to make the invent...Read More
ELKO, Nev., Jan. 22, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it has closed its previously announced $5.0 million sale of its Series E convertible preferred stock in a non-brokered registered direct offering. Concurrently, the Company also issued common stock purchase warrants in a priva...Read More
There has been chatter about whether the Tax Cuts and Jobs Act of 2017 (TCJA) will result in a temporary stimulus, or sugar high, to U.S. economic activity because of the increase in corporate after-tax profits and the increase in household disposable income that will flow from the tax-rate cuts. How can putting this extra after-tax income in the hands of businesses and households not st...Read More
Peter KrauthGold prices in 2018 are already gaining thanks to the "January Effect" I told you about last week, and the government shutdown this week won't slow them down.After breaching the $1,300 level on the very last trading day of 2017, the price of gold has pushed even higher in 2018.Editor's Note: 10 Reasons Why Gold Could Hit $3,000 in 2018The yellow metal peaked at $1,343 early last week (...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
"We've just put associates on different kinds of tasks where we think it adds to the customer experience." Continue...Read More
Today, 6 years ago, the NZ Govt enabled the unlawful destruction of Megaupload and seizure of my global assets. I was arrested for the alleged online piracy of myContinue...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
INTERSECTS HIGH GRADE MINERALIZATIONCalgary, Alberta (January 22, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce it has now received final assay results from its initial drilling program on the Daylight Property located in southeastern, BC.Encouraging assay results have been obtained from an 18-hole drill program whic...Read More
Palisade Research January 22, 2018 Category: Research This morning Mexican Gold released the final assays of its 2017 program. . .The results focused on the Eastern extent of El Dorado/Juan Bran, where the Dike Contact has only seen one drill hole in the past.Currently, the west contact zone has been outlined for over 360 meters along strike. Today's assays outline high-grade mineralization on the...Read More
Ubika Gold 20 Index has climbed 10.8% during the past five weeks, outperforming its benchmarks the Gold Spot price and the Global Gold IndexThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 Index has climbed 10.8% since our last report dated December 11, 2017, outperforming its benchmarks, the Gold Spot price and the Global Gold Index, which returned 6...Read More
Jan 22 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Britain would struggle to withstand Russian forces on the battlefield and ministers must invest in defence or further erode the country's ability to combat threats, the head of the army, Nick Carter, will say on Mo...Read More
(Adds Cornyn comment, Durbin quote, Wall Street reaction)By Susan Cornwell and Ginger GibsonWASHINGTON, Jan 21 (Reuters) - U.S. Senate Republican and Democratic leaders met on Sunday amid a flurry of congressional negotiations aimed at breaking an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start...Read More
(Corrects format error)SEOUL, Jan 22 (Reuters) - South Korea is "positively considering" issuing a 50-year treasury bond and will review the matter after studying market demand, the finance minister on Monday."I've heard that there is market demand for 50-year treasury bonds and am quite positively considering the issuance," Finance MinisterKim Dong-yeon said in response to a...Read More
* Company cannot pay $30 mln put option price* Slide in to administration follows short-seller attack* Shares not traded since May (Adds Glaucus comments and short-selling details)By Tom WestbrookSYDNEY, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after it was unable to pay one of its bondholders A$37 million ($30 million), the compa...Read More
(Corrects market cap to A$115 mln from A$390 mln in final paragraph)MELBOURNE, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after one of its bondholders forced the firm to pay out A$37 million ($30 million), a spokesman for the administrators, KordaMentha, said on Monday.Quintis has been trying to raise new financing over the past ni...Read More
Susan Cornwell, Ginger GibsonWASHINGTON (Reuters) - Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start of the work week.The high-level meeting followed discussions among a bipartisan group of moderate senat...Read More
(Reuters) - U.S. lawmakers struggled on Sunday to reach a breakthrough during the second day of a government shutdown.If Republicans and Democrats are unable to resolve their differences, federal agencies could remain partially closed when the work week begins on Monday.During shutdowns, non-essential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essentia...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.3 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 2.9 pct, Shanghai->HK daily quota used 41.9 pct* HK->Shenzhen Connect daily quota used 6.5 pct, Shenzhen->HK daily quota used 17.6 pct* CNY official close 6.403 per dollar* FTSE China A50 +0.2 pct, BNY Mellon ADR China Select Index +0.1 pct SHANGHAI, Jan 22 (Reuters)...Read More
* Dollar sags but manages to hold above 3-year lows* US govt shutdown seen to have been priced in* Treasury yields at 3-1/2-yr highs, helps limit USD losses By Shinichi SaoshiroTOKYO, Jan 22 (Reuters) - The dollar sagged against its peers on Monday as a U.S. government shutdown dented sentiment, although losses were limited for now as investors took a wait-and-see stance on developments in Washin...Read More