Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.4% this morning, Wednesday November 21. Lead led the rebound with a 1% gain to $1,979 per tonne, while nickel was little changed and the rest were up between 0.2% and 0.3%, with copper up by 0.3% at $6,194 per tonne. Volume has been below average with 4,562 lots traded as at 7.19am London time....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for October Durable Goods Orders was a drop of 1.8% versus a gain of 0.8% in September. Actual was down 4.4%. Excluding transportation, consensus was an increase of 0.4% versus no change i...Read More
A common question people ask is, “Where did all my money go?” Sometimes it's a joke, but often it's a serious question. The reason people ask this question is because they do not fundamentally understand how cash flow works. They do not really control their money. Rather, it controls them.Today, many people are in financial trouble because they have too much cash flowing out of their p...Read More
My conversation with Dave Gonigam caught me a bit off guard.“Zach, I like reading your work. But I wish you weren’t so darn BULLISH all the time!”And so began a lively discussion about where we are in the market cycle, what investors can expect in the months ahead, and how best to protect one’s wealth.(Dave, as you probably know, is the managing editor for The 5 Minute Fore...Read More
CALGARY, Alberta, Nov.21, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide the analytical results for the Phase-1 sampling program on its 100% owned Mineral Mountain copper project located approximately 15 miles east of Florence, Arizona (see...Read More
By Tina LetoThe odds seem to be against uranium. Fukushima's nuclear power plant is still disabled; the U.S. Supreme Court seems to be leaning towards staying Virginia's moratorium on uranium mining, and projects such as Berkeley Energ?-a's Salamanca mine in Spain are facing major opposition.So, why mine uranium and why now?The answer is quite simple, actually. There is increased demand, and, afte...Read More
Nov 22, 2018 Guest(s): Sepantra Dorri VP, Corporate & Stakeholder Dev., Teranga Gold Despite some analysts predicting that we are about to, or have already, reached peak gold, one miner is continuing record production. Teranga Gold has been steadily increasing reserves at their flagship West African project, the Sabodala Gold Mine, this according to Sepantra Dorri, VP of corporate development of...Read More
By Tina LetoThe odds seem to be against uranium. Fukushima's nuclear power plant is still disabled; the U.S. Supreme Court seems to be leaning towards staying Virginia's moratorium on uranium mining, and projects such as Berkeley Energ?-a's Salamanca mine in Spain are facing major opposition.So, why mine uranium and why now?The answer is quite simple, actually. There is increased demand, and, afte...Read More
Bannerman Resources Ltd (ASX:BMN) is progressing the updated definitive feasibility study (DFS) for its Etango Uranium Project in Namibia.The company is confident of a recovery in the uranium price due to supply and production cuts across the world's biggest yellowcake producers.Several optimisation opportunities at Etango have been prioritised and studies are assessing the potential of optimisati...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More
On 16 November 2018, the Washington Post and other news media reported that the CIA had concluded Saudi Crown Prince Mohammed bin Salman ordered Khashoggi's assassination. Continue...Read More
The order would allow "Department of Defense military personnel" the right to "perform those military protective activities that the Secretary of Defense determines Continue...Read More
It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms.You don’t hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact.Because of our extensive study of history, we are convinced that p...Read More
Markets are deceptive…but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to not allow those sa...Read More
You know I’ve been fighting the gold bugs for a longtime. Gold is an inflation hedge, not a deflation hedge. Turn togold for safety during a deflationary period and you’ll get your ass handed toyou on a golden platter!Gold is simply another commodity and it burst in the 30-yearcycle top between 2008 and 2011, just like it did after the 1980 top.But my bubble model projec...Read More
Powell is apparently between a rock and a hard place.Inflation surged, while the global economy slowed down. What will he do? Andhow will gold react?InflationJumps in OctoberThe consumer price index climbed 0.3 percent last month,after rising 0.1 percent in September, according to the U.S.Bureau of Labor Statistics. It was thebiggest rise since January, and it was mainly caused by an impressive su...Read More
Matt is looking at three catalysts that are likely to send silver higher. One of the catalysts, Matt says, is closer and closer to reality. Here are the details...by Matt from Silver Fortune via Silver FortuneIn this video, we discuss the 3 major catalysts that are likely to send silver higher, and why one is getting closer and closer to becoming a reality. Read More
RAPAPORT...A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the"washing season of 2018" at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season, which "lasted from the twenties of May to the24th of September"? That much was a mystery. Since the text seemed to be aboutmining and productio...Read More
RAPAPORT... A bookkeeper at Lev Leviev's diamond business jumped to herdeath from the company's office at the Israel Diamond Exchange on Tuesday,according to local media. The 42-year-old woman had been questioned by police in aninvestigation into an alleged crime ring at LLD Diamonds, Globes reported.She was one of nine employees of the firm arrested since the probebegan, the report said. "W...Read More
RAPAPORT... Botswana Diamonds' loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460) for the 12 months ending June 30, versus adeficit of GBP 161,868 ($207,200) the previous year, it said Monday. Thecompany incurred an impairment charge of GBP 179,524 ($229,800) at its S...Read More