Jason talks about another Chinese bank in trouble. This time it is the much larger, Bank of Jinzhou rather than Baoshang Bank. And now that a larger bank is in trouble, this rising counter party risk between Chinese banks could mean that Chinese banks stop lending to each other entirely without the PBOC guaranteeing all the loans. Jason Burack is an investor, entrepreneur, financial historian, Aus...Read More

As house prices tumble - for real this time - in Australia and interest rates are at or below zero, DOUBLE DOWN talks to author, Steve Keen, about what is next in this global Continue...Read More

I contributed $1 to the Comrade de Blasio campaign, but there's a reason. No I don't support his run for president, but rather for comic relief purposes, I think de Blasio is an infinite source of comic material. Is London becoming San Francisco. The place has become a complete hellhole. President Trump was in another tif with London Mayor Sadiq Khan. Trump likened him to a height challenged de Bl...Read More

"What we have been taught and what we have been conditioned is that basic rights are a luxury and a privilege when they are not."Continue...Read More

Marin takes a contrarian viewpoint on several issues that many may find controversial. Unlike most resource investors, he feels that there is sufficient capital overall in the mining sector. He thinks that debt is about to get more expensive and that the US dollar will strengthen for the next couple of years. Marin feels that uranium will under-perform as sufficient supply remains. Lastly, he does...Read More

The verdict is in, and it does not look good for miners in Argentina. In a unanimous decision on Tuesday, Argentina's Supreme Court rejected a challenge to an environmental law banning mining in glacial areas that was brought by Barrick Gold. The Canadian miner had attempted to subvert Argentina's controversial Glacier Protection Law prohibiting mining in glacier and permafros...Read More

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank AG, prompting the lender to take control of the precious metal which was used as collateral and close out the contract, according to two people with direct knowledge of the matter.As part of a financing agreement signed in 2016, Venezuela received a cash loan from Deutsche Bank and put up 20 tons of gold as...Read More

Sandspring Resources Ltd. (TSX-V:SSP) came out Tuesday with positive results from a preliminary economic assessment (PEA) on the Toroparu gold project in Guyana.Key highlights of the report include: 4.5moz of production, with 3.64 moz produced in dor?(C) bars, over a 24-year mine life - up from 3.7moz from the prefeasibility study (PFS) released in 2013. The measured and indicated resource has als...Read More

Russian banks are considering increasing gold exports after the central bank said it would only buy at a discount, a move that could potentially pressure global bullion prices.The Bank of Russia made the change to its pricing policy this year, saying it would buy from dealers at a level slightly below the benchmark London gold price. It's part of a broader policy push to stimulate growth in the ma...Read More

The Venezuelan Ministers of Mining Ecological Development, V?-ctor Cano, and Indigenous Peoples Aloha N????ez met with 15 captains from the Pem??n tribe and, according to state media, reiterated that it is illegal to carry out mining activities in National Parks.According to official outlets, the Indigenous leaders from the southeastern Gran Sabana municipality presented Cano and N????ez with comp...Read More

Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San Jos?(C) project located in Chihuahua, northern Mexico.To go ahead with the deal, Monarca will pay a total of $150,000 to the mining concession owners and the agreement includes a 2% Net Smelter Return royalty upon reaching commercial production.In a media statement, the Canadian miner...Read More

Michael Ballanger explains how he is reacting to the advances in the gold ETFs. Given the torrid advance in gold (GLD [SPDR Gold Shares]) and the leveraged miner ETFs (NUGT [Direxion Daily Gold Miners Index Bull 3x]/JNUG [Direxion Daily Junior Gold Miners Index Bull 3x]), it is of note that RSI readings have screamed northward to the point where I don't think I can recall a shift in momentum quit...Read More

Precious metals expert Michael Ballanger discusses geopolitical events and movements in the precious metals markets. Hallelujah!It was only a week ago that I was opining that there was nothing ominous in the technical picture for gold and silver that was altering my bullish stance; RSI and MACD were trending up and price was stubbornly refusing to yield to the myriad of bullion bank attacks missi...Read More

The two companies involved signed an agreement outlining the details. Quaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX) announced in a news release its subsidiary Singatse Peak Services entered an agreement with Atlantic Richfield Co. to facilitate state-regulated clean-up of the Anaconda copper mine site on Quaterra's Yerington, Nev., property.This development paves the way for Atlantic Richfield...Read More

* Q1 GDP down 3.2% on quarterly basis * Central bank mandate news also weigh * Stocks lifted by heavyweights (Updates prices, adds stocks)JOHANNESBURG, June 4 (Reuters) - South Africa's rand slumpedon Tuesday after data showed the worst quarterly economiccontraction in a decade at the start of 2019, while stocksgained.The rand was also hammered by news that South Africa'sgoverning party has agreed...Read More

Fed Chair Jerome Powell implied interest rate cuts are on the tableThe Dow bounced back in a big way today, after Fed Chair Jerome Powell said the Fed will "act as appropriate" to support economic growth, alluding to a possible interest rate cut. Encouraging trade comments from China's Commerce Ministry also helped renew optimism. Elsewhere, lawmakers in Washington are reportedly toying with the...Read More

SNAP is on track for its fourth consecutive winSnap Inc (NYSE:SNAP) is up 8% at $12.63 this afternoon. While there's no specific catalyst, the social media stock could be benefiting from a broad-market rally, or possibly a round of short covering, considering 7.6% of its float is controlled by bearish bettors. Whatever the reason, options are running hot, with most of the action being driven by bu...Read More

(Adds market reaction, analyst)By Jan Strupczewski and Balazs KoranyiBRUSSELS/FRANKFURT, June 4 (Reuters) - Euro zone inflationfell more than expected last month, adding to worries about weakprice pressure and reinforcing the case for more stimulus by theEuropean Central Bank.With growth slowing as a global trade war heats up, majorcentral banks appear to have given up plans to tighten policyand i...Read More

Plus, Beyond Meat stock is soaring before earningsThe Dow is vying for its best day in months, on hopes for a Fed rate cut and amid easing trade tensions. In the meantime, investors have also been monitoring two other big gainers. Specifically, toymaker Mattel Inc (NASDAQ:MAT) and much buzzed-about Wall Street newcomer Beyond Meat Inc (NASDAQ:BYND). Below, we will dig into into what's driving t...Read More

CVS may not be above its 50-day trendline for longCVS Health Corp (NYSE:CVS) stock has been under pressure for quite some time, but today the shares are rallying after an update from the pharmacy chain. CVS said it's increasing its health hubs to 1,500 stores by the end of 2021, expanding the services offered at each location, as well. This news has the shares trading 3.7% higher at $55.34. Howeve...Read More