TORONTO (Reuters) - Barrick Gold is interested in early-stage exploration in South America’s Guyana Shield and wants “more exposure” in Canada, Executive Vice President of Exploration Rob Krcmarov said in an investor presentation Friday.“We’d also look to copper opportunities that are within our operating regions, but only if they meet our investment criteria,”...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Philip Wen, Jonathan Barrett, Tom WestbrookPORT MORESBY (Reuters) - Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation.Competition between the United States and China over the Pacific was also thrown into focus with the...Read More
BERLIN (Reuters) - Forty-four percent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain reported, citing a survey by the IW economic institute.Thirty-four percent do not see trade ties growing more strained, RND reported.It said 41 percent of firms surveyed considered it...Read More
DUBAI (Reuters) - Global ports operator DP World DPW.DI believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday.The Dubai government-controlled ports operator cautioned in August about geopolitical risks and changes in trade policies as first-half profit fell 2.1 percent.DP World Chairman S...Read More
(Reuters) - Florida’s outgoing governor, Republican Rick Scott, was declared the winner of the state’s hard-fought U.S. Senate race on Sunday, following a recount of ballots in the tight contest against three-term Democratic incumbent Bill Nelson.In the recount of the ballots cast for the Nov. 6 election, Scott won by 10,033 votes, Florida elections officials said on Sunday. Scott took...Read More
Iran Minerals Production and Supply Company, a subsidiary of state-owned Iranian Mines and Mining Industries Development and Renovation Organization, announced through the country's public broadcaster that it has signed a memorandum of understanding with industry group Iran Mine House and a private company with the idea of developing six small-scale gold and copper mines.With this deal, the Hassan...Read More
An institution with money-printing powers should have no difficulty keeping the lights on. But could it continue to act effectively after depleting its net worth?Former Bank of England policymaker Willem Buiter posed that question in early 2008, and it's currently the biggest challenge facing his long-time research collaborator Urjit Patel, the Reserve Bank of India governor.Under pressure to retu...Read More
Researchers at Ruhr-Universit??t Bochum and the University of Wuppertal in Germany have come up with a new fabrication process for transparent ultra-thin silver films. The new process produces a material capable of increasing the efficiency of solar cells and light-emitting diodes.Up till now, traditional chemical methods have not been able to produce ultra-thin and pure silver films, the scientis...Read More
Through its representative in Argentina, Mario Hern??ndez, Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said that, despite having sold the Gualcamayo gold mine to Colombia's Mineros (BVC: MINEROS), it will continue to invest in exploration in different regions of the country.Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the $9 million allocated in t...Read More
This gold explorer remains on track with its 2018 project enhancement goals. Liberty's Goldstrike ProjectThis gold explorer remains on track with its 2018 project enhancement goals. Liberty Gold Corp. (LGD:TSX) announced in a news release more results from the reverse circulation drilling at Goldstrike that it finished on Nov. 1. These data will be incorporated into a preliminary resource estimat...Read More
This company continues to explore expansion potential at its open pit and underground mines. Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) increased the Proven and Probable mineral reserves at the Los Filos open pit in Mexico by 122%, the company announced in a news release. The new 2P total as of Oct. 31, 2018, which is for the Los Filos open pit only, is 40.5 million tons with a grade of 0.6 gr...Read More
The Mercenary Geologist Mickey Fulp discusses with Maurice Jackson of Proven and Probable how peak oil could inform investment in gold miners. Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Pleasure to speak with you. Mickey Fulp: Thank you, sir.Maurice Jackson:Mickey, one of the concerns that I think speculators are having in the natural resource space is...Read More
Bill Holter returns for an economic update, and despite some good news and sunny musings from our President, Holter says there is upheaval coming that is beyond imagination. Holter notes that the annual payments on the national debt have surpassed $500 Billion and will soon eclipse national defense spending. And with the Fed continuing to raise interest rates, President Trump is quite right when h...Read More
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. gover...Read More
Barrick Gold is interested in early-stage exploration in South America's Guyana Shield and wants "more exposure" in Canada, Executive Vice President of Exploration Rob Krcmarov said in an investor presentation Friday."We'd also look to copper opportunities that are within our operating regions, but only if they meet our investment criteria," he said via webcast from the London event.Barrick has a...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Friday after starting the day in the red. Nvidia Corp. (NVDA) dropped 19% after the chipmaker posted third-quarter adjusted earnings and revenue below estimates and the company issued weaker-than-expected fourth-quarter guidance.Applied Materials Inc. (AMAT) &nbs...Read More
Adam HamiltonArchivesNov 16, 2018 The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as...Read More
The Friday Market Minute Global stocks mixed amid tech sector demand concerns, U.S.-China trade talk progress, following weaker-than-expected third quarter earnings from Nvidia.Asia stocks book modest gains as dollar softens, but Japan's Nikkei 225 slumps as chip and game stocks slide in the wake of Nvidia's gloomy Q4 outlook.Currency markets continue to gyrate following last night's 1.6% Brexit...Read More