By David Brady, CFALast week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock market crash and the subsequent ultimate peak in the dollar, including USD/CNY. This w...Read More
By Daniel R. Amerman, CFAThe Organization For Economic Cooperation and Development (OECD) is urging the nations of the world to be prepared for and have a coordinated plan to simultaneously engage in major "fiscal stimulus" in the event of a downturn in the global economy."Fiscal stimulus" is how economists refer to a government substantially increasing spending, while holding taxes constant or...Read More
By Gary TanashianAll through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India "love trade", cyclical inflation driving up the prices of commodities and resources and the classic... economic growth in the US will create cost-push inflation thro...Read More
By Steve St. AngeloGlobal debt increased at the fastest rate at the beginning of 2018. In just one quarter, total global debt jumped by more than $8 trillion. That is quite surprising as total world debt rose by $22 trillion for the full year in 2017. Thus, the increase in global debt last year averaged $5.5 trillion each quarter.However, global debt according to the Institute of Internati...Read More
This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today's article about the rollback of Dodd-Frank Act and its potential implications for the price of gold. In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekGold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven't seen since 2017.Credit: Weekly relative performance (Finviz.com)While the US markets are quiet due to Thanksgiving all eyes are focus...Read More
Full Article: Unthinkable!By: Gary ChristensonMiles Franklin sponsored this article by Gary Christenson. The opinions are his.Sometimes we must consider the unthinkable.Official US national debt is $21.6 trillion. Unfunded liabilities are five to ten times higher. Global debt is about $250 trillion. US national debt has doubled every eight to nine years for decades.Full Article: Unthinkable!By...Read More
SD Friday Wrap: Light market wrap plus 6 observations about Black Friday you can use to argue your way out of a trip to Wal Mart or the mall... Oh Canada, you're so civil on Black Friday:#MeanwhileinCanada, this is literally a "door crasher" #BlackFriday sale in Canada.#BlackFriday2018 #VendrediFou #FridayFeeling pic.twitter.com/csyRv4GZgx- Meanwhile in Canada (@MeanwhileinCana) November 23, 2018...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (November 23, 2018) - Mega Uranium Ltd. (MGA: TSX) announces that it has granted an option (the "Option") to purchase its royalty on the Langer Heinrich uranium project in Namibia (the "Royalty") to Uranium Royalty Corporation ("URC"). URC issued common shares to Mega in payment of t...Read More
JOHANNESBURG (miningweekly.com) – South Africa’s transport infrastructure was built for and remains better suited to the movement of precious metals and diamonds, Herbert Smith Freehills (HSF) consultant Biddy Faber told attendees at a roundtable to discuss comparisons between South African and Brazilian mining and infrastructure investments, on Thursday.The event, held in Rosebank, w...Read More
Leading diamond exploration, evaluation and mining geologists Dr Mike de Wit and Dr John Bristow – in collaboration with the University of Pretoria Geology Department and Enterprises University of Pretoria – presented a short course on ‘Diamond Exploration and their Primary and Secondary Sources’ to fourth-year university students and interested delegates last month. The in...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsMining Journal caught up with SolGold CEO (and major shareholder) Nick Mather in London this week following...Read More
The three-month lead price on the London Metal Exchange was slightly firmer this morning, Friday November 23, while the rest of the complex was down by an average of 0.6%. Zinc led the decline with a 1.2% fall, while copper was off by 0.8% at $6,217 per tonne. Volume has been high with 11,796 lots traded as at 7.24am London time – the bulk of which has been in nickel, where 6,902 lots ha...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade. Weakness was led by energy stocks following a 5% drop in the price of crude oil in overnight trade. Trade volumes are expected to remain significantly lower than average today. Trading in U.S. equities on U.S. exchanges closes at 1:00 PM EST.The Canadian Dollar was virtually unchanged a...Read More
If you don't understand how the Federal Reserve works, start with rule #11 in Monopoly..."Some players think the bank is bankrupt if it runs out of money. The bank never goes bankrupt. To continue playing, use slips of paper to keep track of each player's banking transactions-until the Bank has enough paper money to operate again. The banker may also issue 'new' money on slips of ordinary paper."T...Read More
Ready for a hot stock market tip?Not from me, mind you. But from the greatest stock market investor in history.Today, Warren Buffett is incredibly bullish on the financial sector.To figure that out, all you have to do is look at the equity portfolio of Buffett’s conglomerate Berkshire Hathaway.As of the last required reporting date (September 30, 2018), more than half of Berkshire’s to...Read More
The Federal Reserve isn't "federal" and it has no "reserves." Is it a public institution? No...Is it private? No again...Is it Constitutional? Absolutely not!...Who owns The Fed, and does it even matter?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A...Read More
As you already know, things are unraveling. The narratives of the past are being revealed as false and fraudulent - even harmful. For example, the fallacy of pursuing Continue...Read More
Last week, I talked about Ray Dalio's new book on debt cycles. He describes how debt is inherently cyclical, because it enables more spending now that must be offset by less spending later.Continue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More