"In high school," begins our co-founder Bill Bonner, "we learned that anything can be used as money.""In 2017," he continues with wry bewilderment, "bitcoin proved it."But is it true?Is bitcoin now a viable form of money… or merely an asset like a stock, a bond... or a Star Wars action figure?(It has come to our flabbergasted awareness that this 3.75-inch chunk of molded plastic recently sol...Read More
In August 2016, at a rally in support of Hillary Clinton, investing legend Warren Buffett, a billionaire many times over stood on the stage and said:“I ask Donald Trump: ‘Have you no sense of decency, sir?”The last time those exact words were uttered on a national stage was in the spring of 1954 when Boston lawyer Joseph Welch effectively ended the political career of Senator Joe...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $9.50 to $1,322.00 on Thursday. The TSX Venture Exchange dropped 9.56 points to 880.38 while the TSX Gold Index added 0.84 point to 198.69. Torex Gold Resources Inc. (TXG), nearly $34 a year ago, continued to st...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 9.56 points to 880.36 Thursday. David Berg's investment issuer, Block One Capital Inc. (BLOK) dropped 14 cents to $1.06 on 884,000 shares. The company has had to retract and clarify some of its statements,...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was an 85-85-109 draw. The TSX Venture Exchange added another 18 points to 889 while polished diamond prices gained 0.1 per cent. Dermot Desmond and David Whittle's Mountain Province Di...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold slipped $4.40 to $1,312.70 on Wednesday. The TSX Venture Exchange rose 18.90 points to 889.94 while the TSX Gold Index lost 1.49 points to 197.85. Goldcorp Inc. (G) moved higher, adding 21 cents to $16.72 on 5.08 mil...Read More
The latest news and price moves to start the Asian day on Friday January 5.Base metals prices on the London Metal Exchange ended mostly higher on Thursday January 4, with only tin bucking the overall trend as of the 5pm close in London. Read more in our live futures report. However, lead joined the descent later in the evening.Here are how prices looked at the end of the day on Thursday.The c...Read More
The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high s...Read More
The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high s...Read More
The Atmea joint venture between France's Areva and Japan's Mitsubishi Heavy Industries (MHI) is to be reorganised following the sale of Areva's reactor business to EDF, MHI and Assystem. Atmea was created in 2007 to develop, market, license and sell the 1100 MWe Atmea-1 pressurised water reactor combining both companies' technologies.A cutaway of a nuclear power plant based on the Atmea 1 reactor...Read More
Base metals prices on the London Metal Exchange closed mostly lower on Friday January 5 although tin bucked the trend.The three-month copper price ended $67.50 lower back below $7,200 per tonne at a one-week low. "The complex may have reached slightly overbought levels, however, and most of the positive catalysts may have been priced in," Metal Bulletin analyst Andy Farida said. "It would not surp...Read More
Comex copper prices once again traded in negative territory with technical selling and weak US employment data weighing on the complex.Copper for March settlement on the Comex division of the New York Mercantile Exchange declined 3.85 cents or 1.2% to $3.2245 per lb. Earlier, the price touched $3.2225, its lowest since December 22."The complex may have reached slightly overbought levels, however,....Read More
KGHM, Europe's third largest copper cathode producer, will suspend one of its two production lines at the Glog??w copper smelter and refinery facility in Poland from April to June, the company told Metal Bulletin.KGHM, Europe's third largest copper cathode producer, will suspend one of its two production lines at the Glog??w copper smelter and refinery facility from April to June, the company told...Read More
"This time it's different." That quote is from Sir John Templeton, a legendary investor who is considered the father of the modern mutual fund industry. For most of the month of December, I've been hearing ads from mortgage brokers who are promoting the idea of refinancing your house in order to take care of holiday bills. It reminded of the early 2000's when then Fed Chairman, Alan Greenspan, was...Read More
BULL MARKET IN GOLD...We are now about to commence a full-fledged bull market in gold and gold mining stocks. The paper manipulation has been the chosen deception but did allow investors to take advantage of opportunities in some gold stocks that were incredibly undervalued and literally being given away at those prices. We expect to see enormous...Read More
Bowen Coking Coal (ASX:BCB) has entered into a definitive agreement to purchase the Isaac River coking coal project in Australia for a total of just A$200,000 in cash. This project consists of 14 square kilometers in the Bowen Basin with several other coal mines in the immediate vicinity.Looking at the quality of the raw coal from previous drill results, the true thickness of the coal seams appear...Read More
Scarce supply in global scrap markets pushed up import prices to both India and Taiwan in the working week from Monday January 1 to Friday January 5, while market activity has remained low in the bellwether Turkish market.Turkey importsNo deals were concluded by Turkish mills for imported bulk scrap cargoes during the week, with many suppliers still on holiday until next week.Turkish steel mills w...Read More
Aurora Cannabis Inc. (TSX:ACB) announced a partnership with a Danish tomato and pepper producer to grow and sell cannabis in EuropeSmallCapPower | January 5, 2018: Aurora Cannabis Inc. (TSX:ACB), a Canadian marijuana producer, Thursday announced a partnership with Danish tomato and pepper producer Alfred Pedersen & Son to produce and sell cannabis in Europe. As per the partnership, the compani...Read More
Prices for shredded and HMS grades of steel scrap imported in containers into India soared upward this week, with the country's domestic finished steel markets enjoying a strong start to the year.Metal Bulletin's index for Indian imported shredded scrap rose to $374.09 per tonne cfr Nhava Sheva on Friday January 5, up by $22.61 per tonne from the $351.48 per tonne cfr recorded on December 22.The l...Read More
Extensive copper mineralization is visible at the L Vein on Level 1 of the Superior Mine at Crown Mining's Moonlight-Superior copper project in northeast California. Source: Crown Mining Corp.Crown Mining Corp. [CWM-TSXV; CWMZF-OTC]] has announced results from initial metallurgical testing of mineralized samples from its Moonlight-Superior copper sulfide deposits in the Lights Creek Copper Distric...Read More