Investing.com - This week investors will be focusing their attention on Friday’s planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G20 summit.Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.Investors will also be awaiting the release of the minutes from th...Read More
A dividend of 0.35p (US0.45c) per share for the financial year ended June 30, 2018, was approved by an overwhelming majority at the company's annual general meeting on November 23.It will be paid out on November 30 to shareholders on the register on October 19.The company previously reported a net profit of US$11 million for the financial year, up 24% year-on-year, with group EBITDA also up 21% to...Read More
Bob Moriarty ArchivesNov 26, 2018We appear to be in an instant repeat of the financial events of 2008. I am seeing forced liquidity across the board where individuals and funds are dumping whatever is the easiest to get rid of just to get more liquid. In the last two months crude has fallen off a cliff going from about $77 a barrel to about $50. Junior resources companies have fared no better as m...Read More
Will GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liquid funding for la...Read More
A selection of uncut and unpolished emerald crystals from the Coscuez Mine, Colombia. Source: Fura Gems Inc.Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FSE] said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company's emerald and ruby assets in Colombia and Mozambique.Fura is a member of the Forbes & Manhattan Group,...Read More
Share this articleCARACAS, Venezuela - Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country's prized assets into peril.Court papers show that Venezuela on Friday began paying off $1.4 billion that a panel said was owed to the Canadian mining firm Crystallex, following a disputed takeover of the company by the late-President Hug...Read More
On Saturday, I stopped by Royal Farms to grab a cup of coffee.The guy standing in line ahead of me was there to get change after pumping gasoline.I overheard him tell the cashier, "I've got change on pump seven. I can't believe gas is only $2.25. I thought $20 would fill it."Turns out he's not the only one surprised by lower gas prices.Social media was buzzing over the weekend with posts about che...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading as the energy sector headed up amid rising oil prices, while U.S. stocks also gained ground.The S&P/TSX composite index was up 67.97 points at 15,078.70.In New York, the Dow Jones industrial average was up 343.58 points at 24,629.53. The S&P 500 index was up 33.55 points at 2,666.11, while the Nasdaq composite...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
By Ira EpsteinGold stalls out...again.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for November 2018 payable on December 24, 2018 to shareholders of record as of December 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More
By Frank HolmesStrengthsThe best performing metal this week was gold, up 0.14 percent. The Bloomberg Intelligence Global Senior Gold Valuation Peers Index is heading for a fourth straight gain to mark the longest rally since September. The index posted its first monthly gain in seven months in October as investors are giving gold equities a second look now. Bloomberg's Susanne Barton writes that...Read More
By Clint SiegnerIt is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold a few bankers accountable.Last week, DOJ officials asked the judge in a...Read More
If this unfortunate character, who for a brief period became a BITCOIN BILLIONAIRE, had been a clivemaund.com subscriber, he would have known to get the hell out of Dodge and would not have ended up broke and pawning his underwear. As you may recall we had some fun at the expense of those caught up in this mania around the time it peaked less than a year ago, starting with a BITCOIN TOTAL WIPEOU...Read More
By Keith WeinerA major theme of Keith's work and raison d'etre of Monetary Metals is fighting to prevent collapse. Civilization is under assault on all fronts.The Battles for CivilizationThere is the freedom of speech battle, with the forces of darkness advancing all over. For example, in Pakistan, there are killings of journalists. Saudi Arabia apparently had journalist Khashoggi killed. New Ze...Read More
Well maybe not, but maybe yes. Even though the market is up today, odds are according to John that it won't stay there. Gold and silver should be the beneficiaries of the market gyrations, eventually. John doesn't know when, but he knows unsustainable markets when he sees them, and he's seeing them now, bigly!John Rubino is the founder and manager of the popular financial website DollarCollapse.co...Read More
Jim Rogers, veteran investor and author of "Street Smarts," weighs in on the U.S.-China trade war ahead of the G20 meeting. Rogers considers current investing opportunities around the globe and the risks that could manifest with a bear market.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered t...Read More
The Department of Health and Human Services (HHS) recently released proposed rules allowing individuals to opt out of Obamacare's abortion and contraception mandates for moral or religious reasons. These new rules should be cheered by all who agree with Thomas Jefferson that forcing people to subsidize that which they find abhorrent is "sinful and tyrannical."Sadly, Congress continues to pass, and...Read More