Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on...Read More
B.C.'s biggest mining mergers and acquisitions (M&As) in 2018 doubled in value to $9.5 billion compared with $4.6 billion in 2017, which was the second-lowest-valued year for M&As since 2013.Despite the impressive growth in 2018, the annual value of B.C.'s mining M&As still has a long way to go to reach the 2015 high of $10.4 billion. In recent years, the average mining M&A deal value has grown fa...Read More
On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Toronto-based Metals Creek Resources is passing along the latest drill results from its Garrison gold project 35 km northwest of Kirkland Lake. The property has two distinct anomalies - the 1,000-metre long Southern anomaly that has historic drilling results and the 600-metre long Northern anomaly that has not been tested.Two holes last year targeted the Southern anomaly. The first hole had no sig...Read More
In a seemingly coordinated media campaign, the US Federal Reserve and the European Central Bank indicate more negative rates are on the horizon, which would be the firstContinue...Read More
After four straight months of inflows, holdings in global gold-backed ETFs and similar products fell in February by 33 tonnes to 2,479t, equivalent to $1.3 billion in outflows, and gold trading volumes decreased 5% below the 2018 averages to $104 billion per day, according to data from the World Gold Council (WGC).However, global gold-backed ETF flows remain positive on the year ($1.7 billion) on...Read More
Michael Schaus, director of market research for Brenton Point Wealth Advisors LLC and Zweig-DiMenna, stops by the office to discuss the current outlook and to remember the great investor Martin Zweig.1:37 The European Central Bank takes it easy6:40 Negative interest rates, back in vogue12:39 Market cap to GDP: An useful indicator?20:50 Weighing stock picking vs. macro James "Jim" Grant is an Ameri...Read More
A lucrative retirement package for the chairman of Goldcorp Inc. is raising the hackles of investors ahead of a key vote on the company's planned merger with Newmont Mining Corp.Ian Telfer's retirement allowance will rise to roughly $12 million from $4.5 million if the miners merge, according to a regulatory filing from Vancouver-based Goldcorp, once the world's largest gold miner by market value....Read More
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.To contact the author of this story:Daniel Moss at [email protected]To contact the editor responsible for this story:Rachel Rosenthal at [email protected]Continue...Read More
"I look forward to VETOING the just passed Democrat inspired Resolution which would OPEN BORDERS while increasing Crime, Drugs, and Trafficking in our Country. I thank all of the Continue...Read More
China's domestic rebar prices were flat amid lower trading activity on Thursday March 14, though bullish sentiment propped up the export market slightly.Domestic Eastern China (Shanghai): 3,810-3,850 yuan ($568-574) per tonne, unchangedNorthern China (Beijing): 3,790-3,830 yuan per tonne, unchangedRebar futures were lower than Wednesday's settlement price of 3,817 yuan per tonne during most of the...Read More
In the aftermath of the joint venture agreement with Newmont Mining Corp. earlier this week, Barrick Gold Corp. has taken steps to revise its production guidance for 2019. Executive chairman John Thornton and CEO Mark Bristow are currently travelling to update shareholders on the company's post JV operations."Barrick's merger with Randgold Resources Ltd. created 'significant value' for shareholder...Read More
China and the U.S. are planning to push back a scheduled meeting between President Donald Trump and President Xi Jinping Continue...Read More
Leagold Mining produced 302,550 oz. gold in 2018 from its four operating mines at C$974 all-in sustaining costs (AISC) for a $83.2 million AISC margin.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss the year before.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss t...Read More
Market strategist Nick Santiago from InTheMoneyStocks.com expects gold to break out in the next two or three years and to rise to $5000 - $7000 by 2027.Physical precious metals is the currency of choice, says Santiago. He says gold and silver mining equities are good for speculation.Santiago is bullish on the stock market, with the caveat that investors should think of it as a speculation opportun...Read More
A drill program last year to validate historic resources at Reunion Gold 's Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 ounces of gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 ounces of gold.The Dor...Read More
Andy Schectman head of respected bullion dealer Miles Franklin joined us. Business is good. Perhaps more people are looking for the ultimate safe haven that precious metals afford. We examined several precious metals market anomalies and there are lot more. The gold silver ratio at around 84-1 is completely out of whack. The premium on junk silver is running less than one percent. Platinum prices...Read More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.The report, by the Mining Association of Canada, comes as debate about the hollowing out of the country's mining sector grows. Mega-mergers by Canada's two largest gold companies, Barrick Gold Corp. and Goldcorp Inc., sta...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company's biggest in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface sto...Read More