By Scott Patterson LONDON -- Glencore PLC said it received a subpoena from U.S. authorities related to compliance with American corruption and money-laundering laws at its operations in Congo, Nigeria and Venezuela -- a move that significantly ratchets up government scrutiny of the mining and trading giant. The Tuesday disclosure rattled investors. Glencore shares fell more than 12% in early Lon...Read More
By Scott Patterson The U.S. Justice Department has demanded that Glencore PLC hand over records related to the Anglo-Swiss mining giant's compliance with laws against foreign-corrupt practices and money laundering concerning its business in the Democratic Republic of Congo, Nigeria and Venezuela. Glencore, which disclosed it had received a subpoena in a statement Tuesday, said it is reviewing th...Read More
By Oliver Griffin Glencore PLC (GLEN.LN) said Tuesday that its subsidiary, Glencore Ltd., has been subpoenaed by the U.S. Department of Justice to produce documents and other records regarding anticorruption and money-laundering laws. The Anglo-Swiss commodities trader said the subpoena relates to its compliance of the U.S. Foreign Corrupt Practices Act and money-laundering statutes. The requeste...Read More
By Scott Patterson LONDON-- Glencore PLC said it received a subpoena from U.S. authorities related to compliance with American corruption and money-laundering laws at its operations in Congo, Nigeria and Venezuela--a move that significantly ratchets up government scrutiny of the mining and trading giant. The early Tuesday disclosure rattled investors. Glencore shares fell more than 12% in early...Read More
When the price of silver finally takes off and starts to outperform gold, those gains can be life changing. Here's why...Daniel Ameduri interviewed on Silver Bullion TVDaniel also shares about how silver demand from electric vehicle applications and renewable energy will rise.Discussed in this interview:Gold price and Fed rate hikeGold is a cash position, not an investmentBullion vs mining stocksB...Read More
Harvey says there is a scramble to get silver from the U.S. as supply dwindles around the rest of the world. Here's the details...by Harvey Organ of Harvey Organ BlogJULY 2/ANOTHER RAID WITH GOLD DOWN $12.15 TO $1240.90 AND SILVER DOWN 31 CENTS TO $15.83/THREE HUGE COMMENTARIES THAT YOU MUST READ TONIGHT: 1. NICHOLAS BIEZENEK ON EFP'S/ 2. ROB KIRBY ON DEUTSCHE BANK'S PROBLEM AND HOW THEY ARE BEING...Read More
Peter KrauthThe price of silver has been punished since the last Fed rate hike, but are we close to a bottom?Thanks to a strong rally in the U.S. Dollar Index (DXY), where it climbed 180 basis points in just two weeks, silver prices have been stuck in the doghouse.Silver followed gold lower, succumbing to historic selling pressure. That's caused already negative sentiment to get even worse.However...Read More
By Oliver Griffin Glencore PLC (GLEN.LN) said late on Friday that Glencore Energy has, through its Brazilian subsidiary, agreed to acquire 78% of ALE Combustiveis. The Anglo-Swiss commodities trader said that ALE Combustiveis is the fourth largest fuel distributor in Brazil and has a network of around 1,500 gas stations in 22 states, as well as 260 convenience stores. No financial information was...Read More
James say that we're very, very close to the metals moving higher, silver especially, and with it comes a dropping gold to silver ratio. Here's why...James Turk interviewed by Rory Hall of The Daily CoinIn your recent KWN interview you reiterated that central banks would either be forced back onto a gold standard or the system would, in essence, change so much that central banks would willingly mo...Read More
It's almost like a match made in heaven for aficionados of both Tequila and silver. Here's the details...from The Silver InstituteStoli Group USA's Cenote Tequila, is filtering its water used for tequila through silver ions.In a recent on-line interview, master distiller Arturo Fuente discussed the company's Cenote brand and his job as distiller. He noted: "We play a key role in overseeing the ent...Read More
Silver's use in industry is becoming more critical, and here's what it may or may not be saying about silver's ability to rally without gold...by Steven Saville of The Speculative InvestorAn article titled "Silver's Critical Role In Electrification May Fuel Its Rise" contains some interesting comments about the silver market, but with one minor exception the information presented in this article h...Read More
Gold has been weak for the past several weeks. So what gives?Gold prices have been trading in a tightening wedge pattern (between its rising trendline and horizontal resistance - see point 1) for several months. Bouncing back and forth in a narrowing range.The latest test of horizontal resistance failed yet again, leading to a reversal that is trying to breakdown below the rising trend line (A).T...Read More
Silver is fighting to remain above $16, but there's two reasons the whole number support might not hold. Here's the details...Update: Silver just lost $16:We really want to stay above the December 11, 2017 closing price of $15.72.Support zones are around $15.92 and $15.75.Silver just went on it's summer sale.See the Monday SD Outlook and Wednesday SD Midweek for fundamental arguments on why we may...Read More
One of the first decisions investors make when buying Silver Bullion is whether to go with a "round" or a "coin". But, what are those in the first place?Silver Coins vs RoundsIs there is difference?Yes indeed, there's a key difference.A silver coin, such as 1 oz American Silver Eagles, contain a minimum of one troy ounce of .999 fine silver. Being a silver coin, by definition, the American Silver...Read More
Harvey says were fast closing in on the 'Exchange for Physical' record setting month of April. Here's the details...by Harvey Organ of Harvey Organ BlogJUNE 27/HUGE CHANGES IN THE GLD IN ONE DAY: FIRST A DEPOSIT OF 4.42 TONNES AND THEN A WITHDRAWAL OF 2.94 TONNES/NO CHANGE IN SILVER INVENTORY AT THE SLV/GOLD WHACKED AGAIN DOWN $3.60 TO $1254.60 WITH SILVER DOWN ANOTHER 8 CENTS TO $16.18 AS OPTIONS...Read More
Lynette Zang issues a clarification on what happened to the gold to silver ratio during the Weimar Hyperinflation. Here's the details...Lynette Zang from ITM Trading:Link to Slides and Sources:Slide #10https://www.silverdoctors.com/gold/go...CC BY-SA 3.0, https://en.wikipedia.org/w/index.php?...http://foundationsofecon.blogspot.com...http://209.157.64.200/focus/f-blogger...Slide #11https://www.sil...Read More
David Morgan says all manipulations come to an end, and when the silver manipulation ends, there will be a backlash of anger in these ways...David Morgan interviewed on Reluctant PreppersSilver Guru David Morgan, freshly back from G. Edward Griffin's Red Pill Expo in Spokane WA, briefs us on his most impactful takeaways from this leading edge & speaker-packed conference.Morgan also tackles multipl...Read More
"Do not allow yourself to be fooled. Follow logic and the fundamentals only. The fact is..."Editor's Note: There has been a lot of talk in the gold and silver community about what happens to the gold to silver ratio during a hyperinflation. See recent coverage, in chronological order, here first, then here, and and finally here, for what is turning out to be a treasure trove of information that r...Read More
Peter KrauthSilver prices continue their slump from the previous week thanks to two major culprits…The first is the U.S. dollar, and the second is sentiment.The U.S. Dollar Index (DXY) spent most of the week powering higher, eventually reaching as high as 95.5, a level not seen in over eight months.Of course, hawkish comments from U.S. Federal Reserve Chair Jerome Powell helped power a rally...Read More
By Benjamin Parkin and David Hodari Copper prices fell to the lowest close in almost three months as tension between the U.S. and China continued to unsettle investors. Front-month contracts for June fell 1.3% to $2.992 a pound at the Comex division of the New York Mercantile Exchange on Monday, the lowest since March 27. Prices have fallen around 10% from a peak earlier this month. There is "c...Read More