RAPAPORT... The JCK Las Vegas show opened to steady traffic on Friday, as exhibitors expressed concern about declining polished prices and the growth of lab-grown diamonds. Botswana President Mokgweetsi Masisi opened the show, stressing the contribution that diamonds have made to development in the southern African country. "We are in a space to utilize our revenue from diamonds to carve out...Read More
Long-term care for a semi-price room in a nursing home averages $6,844 per month according to the U.S. Department of Health and Human Services.Many Americans can't afford such costs, so they often look to the option of last resort: Medicaid. Medicaid is a program that provides health care to some middle-income families, even though it's frequently thought to only be for the poor. Coverage include...Read More
Strategist, lawyer and author Bill Gallagher is an expert on Canada's Indigenous People and their land rights, and how they relate to resource development in the country.Based in Waterloo, Ont., Gallagher is the author of two popular books on the topic: the recently published "Resource Reckoning: a Strategist's Guide from A to Z" and the 2012 milestone "Resource Rulers: Fortune and Folly on Canada...Read More
Even though we are told the economy is doing great, all the evidence shows that main street Americans are struggling more and more every day...Read full newsRead More
"NexGen confirms continuity at Arrow in Saskatchewan - ?EUR?The entire footprint of NexGen Energy's (TSX: NXE; NYSE: NXE) proposed Arrow mine is smaller than a university campus but will produce 21% of the world's uranium once in production.."$NXE #uranium https://t.co/G4tqTOvW5k"Read full newsRead More
"Should You Be Tempted To Sell Highland Gold Mining Limited (LON:HGM) Because Of Its P/E Ratio? https://t.co/GJmZkaZ4QA"Read full newsRead More
"Should You Be Tempted To Sell Highland Gold Mining Limited (LON:HGM) Because Of Its P/E Ratio? https://t.co/8gWOqVmkg5"Read full newsRead More
It’s been a horrible month for Energy Fuels Inc. (TSX:EFR).After hitting a 52-week high near $5 per share, the stock has plunged 33% since the beginning of April to where it trades at $3.33 per share at writing.But that’s nothing if you look at historical performance. The company once traded near $275 per share and has since plummeted, only rising into the $50 range a few years back...Read More
Community leaders from the district of Chilcaymarca in the southwestern Castilla province are threatening Peru's Compa???-a de Minas Buenaventura (NYSE: BVN) with a general strike due to the company's decision to fire 40 workers from its Orcopampa gold-silver operation.The activists say the workers' dismissal constitutes a breach of an agreement that Buenaventura and the community signed back in 2...Read More
The U.S.-China trade war has come to dominate the markets, with tensions ratcheting up in recent weeks and sending major waves even through sectors long held to be defensive.However, while some pundits are predicting that the trade war could soon become something rather more serious, there is one date this summer that could precipitate either a big boost or a terrible plunge: June 28-29, the G20 S...Read More
Risk assets are out of favour at the moment, with central banks around the world cutting growth forecasts and ongoing geopolitical tensions weighing on the markets. An inverted Canadian yield curve and concerns over our deep exposure to U.S.-China tensions are adding further uncertainty for investors. After all, those two nations are our biggest trading partners.Sentiment is turning decidedly bear...Read More
A type of fungi that looks like a thread could offer clues for finding new gold deposits.According to scientists at Australia's national science agency CSIRO, fungi known as Fusarium oxsporum attach gold to their strands by dissolving and precipitating particles from their surroundings."Fungi can oxidise tiny particles of gold and precipitate it on their strands - this cycling process may contribu...Read More
In a remarkable week that saw investors migrate en masse out of risky investments, it seems the baby got thrown out with the bathwater. Spooked by the now-tedious China-U.S. trade war and a lack of faith in global economic growth, not only did tech and healthcare see a decline, but three major defensive sectors were down.Unless you were up at the cottage with no Internet, those sectors were bankin...Read More
Following the collapse of a dam at Vale's (NYSE:VALE) Corrego do Feij??o iron ore mine back in January, the southeastern Brazilian state of Minas Gerais signed a Memorandum of Understanding with tech company Inmarsat to monitor all tailings facilities in the region.According to Inmarsat, the plan is to provide the state government with a smart monitoring solution which is based on IoT and satellit...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 31 that are worth another look.Troubled UK long steel producer British Steel entered compulsory liquidation on May 22. Fastmarkets examines the reasons behind the company's recent struggles, from uncertainty about Brexit and a slump in orders to rising costs for raw materials. Brazil-based miner Vale said fragments of th...Read More
The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
By: Dave KranzlerTrump's trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and understand the truth.The Global Manufacturing PMI (Purchasing Managers Index) dropped to 50.4 - the lowest since July 2...Read More
Hoover, Smoot & HawleyMultiplayer Game TheoryTrade SandpileVictim ListLopsided PollsThe Seven-Body ProblemPublisher's Note: John Mauldin is recovering from a minor illness. He'll be back next week. Meanwhile, with trade disputes still roiling markets, below is a still-timely letter he wrote last year. You should definitely read it again. Ed D'Agostino"A conservative is someone who stands athw...Read More
Finland's next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday.The incoming cabinet, led by Prime Minister-designate Antti Rinne of the Social Democrats, is due to unveil its program and composition, including minist...Read More