World’s Oldest Gold Object May Have Just Been Unearthed in Bulgaria ... A small gold bead shows that Copper Age people in the Balkans were processing gold 6,500 years ago... -SmithsonianThis gold bead further confirms the maturity of private monetary history in our view.Reference.com tells us, HERE: "The existence of gold has been known for over 5,500 years; therefore, the exact locatio...Read More
World’s Oldest Gold Object May Have Just Been Unearthed in Bulgaria ... A small gold bead shows that Copper Age people in the Balkans were processing gold 6,500 years ago... -SmithsonianThis gold bead further confirms the maturity of private monetary history in our view.Reference.com tells us, HERE: "The existence of gold has been known for over 5,500 years; therefore, the exact locatio...Read More
Canadian junior Strongbow Exploration Inc (CVE:SBW) last month closed the acquisition of the South Crofty tin mine in Cornwall and local media reports operations could restart within two years.South Crofty, approximately 390km drive west of London on the Celtic Sea Coast, was the last tin mine in Europe when it closed in 1998. Several companies attempted to revive the mines between 2001 and 20...Read More
Every junior commodity market has its share of pretenders to go along with the contenders as prices and demand move up.In striking contrast to internationally traded bellwether metals such as copper and gold, the market for lithium is murky. Analysts have noted recent variances in spot prices in China ranging to $20,000 a tonne. There's barely a handful of producers and buyers and a popular produc...Read More
A Nobel Alternative to the Current Euro System ... A new book by Nobel prize-winning economist Joseph Stiglitz suggests that the best way forward for the euro area is a “flexible euro,” a system of different currencies under the same name fluctuating within certain limits. It’s a new, ingenious riff on an idea that keeps popping up in discussions of the currency bloc’s...Read More
OLYMPICS Shaming Could Be the Best Fix for Olympic Doping ... At the Olympics, we're witnessing some serious cases of public shaming. Victorious competitors are publicly ostracizing those who once used performance-enhancing drugs. To take just one example, Australian Mack Horton, gold medalist in the 400-meter freestyle, pointedly refused even to acknowledge China's silver medalist Sun Yang, who h...Read More
A Nobel Alternative to the Current Euro System ... A new book by Nobel prize-winning economist Joseph Stiglitz suggests that the best way forward for the euro area is a “flexible euro,” a system of different currencies under the same name fluctuating within certain limits. It’s a new, ingenious riff on an idea that keeps popping up in discussions of the currency bloc’s...Read More
OLYMPICS Shaming Could Be the Best Fix for Olympic Doping ... At the Olympics, we're witnessing some serious cases of public shaming. Victorious competitors are publicly ostracizing those who once used performance-enhancing drugs. To take just one example, Australian Mack Horton, gold medalist in the 400-meter freestyle, pointedly refused even to acknowledge China's silver medalist Sun Yang, who h...Read More
Gold has enjoyed its best first half of the year performance since 1908 and silver's 48% surge is a big swing even for such a volatile metal, but the 2016 rally in industrial metals has been just as remarkable.Base metals are showing across the board gains year-to-date. Bellwether copper has been unable to break $5,000 decisively but is still ahead year-to-date while the likes of zinc (+41% at $2,...Read More
According to the World Bank, together the BRIC nations (Brazil, Russia, India and China) consume 40% of global energy and food commodities and over half of the world's metals. China alone accounted for virtually all the increase in metals (aluminum, copper, lead, nickel, tin and zinc) consumption of the BRICs since 1994.India's consumption of metals almost doubled over the past 20 years. But it's...Read More
Mining and commodities giant Glencore (LON:GLEN) is not selling its Lomas Bayas copper mine, after offers for the property in Chile's Atacama desert came in below expectations according to media reports.Reuters reports the mine was expected to fetch about $500 million, but "according to people familiar with the situation" Glencore is ditching disposal plans for the moment partly because even aft...Read More
An increased number of mergers and acquisitions in the mining industry was the main reason why more than 10% of the companies listed on the Toronto Stock Exchange and Toronto Venture Exchange vanished between 2014 and 2015, a new report shows.According to Ernst & Young's latest study, 49 mining and metals companies delisted from the TSX and TSX-V in 2014 and a further 172 companies delisted in 20...Read More
Shares in Ivanhoe Mines (TSX: IVN) were up more than 3.6% Thursday morning after the Canadian miner released fresh drilling results from the Kakula section at its giant Kamoa copper project in Congo, which the company says could prove the discovery to be Africa's most significant deposit of the red metal ever found."Given the remarkable exploration success we have had to date at the Kakula Discove...Read More
Central banks are printing money as though the global economy is in freefall ... Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds. The current pace of purchases is higher than ever before, even during the depths of the financial crisis in 2009. -QuartzFrom Quartz we learn that centr...Read More
Air Force Seeks New Land-Based and Air-Launched Nukes ... Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force ... solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force. The two projects are part of a broader modernization of the nuclear arsenal expe...Read More
Central banks are printing money as though the global economy is in freefall ... Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds. The current pace of purchases is higher than ever before, even during the depths of the financial crisis in 2009. -QuartzFrom Quartz we learn that centr...Read More
Air Force Seeks New Land-Based and Air-Launched Nukes ... Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force ... solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force. The two projects are part of a broader modernization of the nuclear arsenal expe...Read More
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The Jesse Creek porphyry copper property, located north of Merritt, BC (pictured).Junior exploration and development firm, Wealth Minerals (CVE:WML), has signed an option agreement for a 100% interest in porphyry copper deposits located in British Columbia, Canada.Under the option agreement Wealth must pay US$1 million in cash and issue 3 million shares to the property owners over a four-year peri...Read More