The Fed printed $2.5 trillion to prop up the mortgage market and the Government "refurbished" all of the mortgage programs it sponsors (Fannie Mae, Freddie Mac, FHA, VHA, USDA) in a way that positioned the Government/taxpayer as the new subprime lender of choice. The two programs combined inflated a new housing bubble - one that ended up fueling housing price inflation more than sales volume....Read More
With the purchase of North Bay's ProNorth Transportation in 2015, Titanium Transportation Group Inc. (TSX-V:TTR) is planning to step up and play a bigger role in the North Bay community. There has been stable progress over time with operations growing in size.An excerpt, as well as link to the full article can be found below.by Mike Anthony, The Nugget"We're ready to move forward and move upw...Read More
The Site C Energy Project in northern British Columbia. Source: BC HydroVancouver radio station CKNW has reported that British Columbia's NPD leader John Horgan wrote a letter to the president of BC Hydro asking them to stop work on the huge Site C Energy (dam) Project in northern BC.As of today (June 5), John Horgan is not even premier of the province, although he expects to be shortly when his a...Read More
It's the biggest bubble in history - a $9 trillion Ponzi scheme. It's multiple bubbles wrapped in a big bubble, and it all has to do with a little-known financial creation called WMPs.You probably have never heard of WMPs - I hadn't either until I starting digging into China's historical lending problem. And it's bad...Data compiled by the China Securities Regulatory Commission show that assets...Read More
Innovators are constantly trying to create a longer-lasting, more efficient, cheaper battery. The battery market is estimated to jump to a $120 billion dollar industry by 2019, but there's a serious battle raging between the red-hot lithium-ion battery makers, and a growing amount of companies looking to produce hydrogen cell batteries.Naturally, Elon Musk is publicly against hydrogen batteries, s...Read More
Vancouver, British Columbia - June 5, 2017 (Newsfile Corp.) (Investorideas.com Newswire) Bayhorse Silver Inc. (TSXV: BHS) ("Bayhorse" or the "Company"), has, subject to TSX-V approval, increased its previously announced financing of 5,000,000 Units at $0.15 per Unit to 6,000,000 Units at $0.15 cents per Unit for gross proceeds of $900,000.Each Unit consists of one (1) common share and one (1) tran...Read More
Vancouver, British Columbia - June 5, 2017 (Newsfile Corp.) (Investorideas.com Newswire) Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('the Company') is pleased to announce that on 6 June 2017 the 35km long 33kv transmission line from the mine to the northern Chile National grid (SING) was energized, following final approval from the national grid operator CEN (Coordinador El?(C)ctrico Nacional).C...Read More
Vancouver, British Columbia - June 5, 2017 (Newsfile Corp.) (Investorideas.com Newswire) David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold" or the "Company") reports assay results from 5 holes within the step-out drilling program designed to follow-up the previously announced copper, gold, silver, magnetite discovery drill hole G16-01. The results confirm significant mineral...Read More
June 5, 2017 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest moves in the precious metals markets, noting a new major sell signal in the USD, which supports metal prices.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold...Read More
One Ear to the Ground, One Eye to the FutureTreasury yields are attempting to say something. But what it is exactly is open to interpretation. What's more, only the most curious care to ponder it. Like Southern California's obligatory June Gloom, what Treasury yields may appear to be foreshadowing can be somewhat misleading. Behold, the risk-free tide... Are investors anticipating deflation...Read More
The 11th Annual In Gold We Trust Report This year's Incrementum In Gold We Trust report by our good friends Ronald Stoeferle and Mark Valek appears about one month earlier than usual (we already mentioned in our most recent gold update that it would become available soon). As always, the report is extremely comprehensive, discussing everything from fundamentals pertaining to gold, to technical ana...Read More
Tremendous FlopGUALFIN, ARGENTINA - Now comes a report from the Financial Times that tells us the nation's No. 1 industry - home building - has been backing up for a quarter of a century.According to the newspaper, U.S. home builders "started work on the same number of houses in the past year as they did a quarter of a century ago, even though there are 36% more people working as residential bui...Read More
CloseGain/LossGold $1279.60+$1.40Silver$17.57+$0.05XAU83.12-0.12%HUI192.84+0.70%GDM632.61+0.20%JSE Gold1319.37+13.02USD96.81+0.13Euro112.58-0.27Yen90.50-0.08Oil$47.40-$0.2610-Year2.180%+0.030T-Bond155.6875-0.46875Dow21184.04-0.10%Nasdaq6295.68-0.16%S&P2436.10-0.12% The Metals: Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Chris of PeakProsperity.com, and author of the book Prosper! How to Prepare for the Future and Create a World Worth Inheriting. Chris is a commentator on a range of important topics such as global politicals, financial markets, governmental policy, precious metals and the importance of preparedness amon...Read More
By Graham SummersSince 2008 the financial media has been proclaiming that the US was in a "recovery." This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in QE.Well, it turns out there was no recovery to speak of when it comes to jobs. According to a report posted on Friday, an incredible 93% of ALL...Read More
By Frank HolmesStrengthsThe best performing precious metal for the week was palladium, up 6.17 percent. Consumer demand is rising for gasoline- versus diesel-engine powered vehicles, yet automobile sales have started to relax in recent months. According to Bloomberg, gold bulls outnumber gold bears this week as Trump probes are boosting safe-haven demand for the yellow metal. In fact, gold adv...Read More
By Keith Weiner The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don't often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have). The initi...Read More
Gold Today -New York closed at $1,278.20 Friday after closing at $1,270.10 Thursday. London opened at $1,281.00 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was weaker at $1.1264 after Friday's $1.1222: EUR1.- The Dollar index was weaker at 96.77 after yesterday's 97.20. -...Read More