--Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader, the Financial Times reports. --The FT says a London court granted the injunction after Mr. Gertler took legal action to freeze the company's Kamoto Copper Company mine in the Democratic Republic of Congo over t...Read More
By Rhiannon Hoyle This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 2, 2018). SYDNEY -- Australia's corporate regulator has widened legal action against Rio Tinto Ltd. and two of the company's former executives, pursuing allegations the mining giant was late in writing down a trouble...Read More
By Rhiannon Hoyle SYDNEY--Australia's corporate regulator has widened legal action against Rio Tinto Ltd. and two of the company's former executives, pursuing allegations the mining giant was late in writing down a troubled African investment. Rio Tinto has come under scrutiny from officials in the U.S., U.K. and Australia over the handling of coal assets it purchased in Mozambique for about $4...Read More
By Rachel Pannett SYDNEY--Australia's corporate regulator Tuesday said it has expanded its legal action against Rio Tinto Ltd. (RIO.AU) and two former executives, over mining assets in Mozambique. The Australian Securities and Investments Commission commenced proceedings against Rio Tinto, former Chief Executive Thomas Albanese and former Chief Financial Officer Guy Elliott in March, alleging the...Read More
Full Article: Silver Has More Upside Potential Than Gold - Wells FargoBy: Anna Golubova(Kitco News) - Even though both gold and silver are stuck in a bear market for at least another five years, according to Wells Fargo Investment Institute, traders should pay close attention to silver as it has more upside potential than gold."We expect another five years or so of the bear, which means capped p...Read More
"What if you knew that we've been hoodwinked to allow the theft of our wages, savings, and retirements, by unconstitutional..." David breaks it down...David Morgan interviewed on Reluctant PreppersAre you aware of how the US Dollar is actually defined by the US Constitution? What a US Dollar IS, WHO can issue it, what FORM it can take? What if you knew that we've been hoodwinked to allow the theft...Read More
Peter KrauthThe price of silver experienced another volatile week, along with the broader markets. Silver prices officially closed the month of April at $16.31, below the $16.50 level, where it started the month.A fresh rally in the U.S. dollar was the most obvious culprit, as the U.S. Dollar Index (DXY) managed to power higher by some 120 basis points from its early bottom.The American 10-year Tr...Read More
"It's a strong start to the year for China's solar industry, which broke all sorts of records in 2017 by installing a massive..."Editor's Note: We cover the issue of silver's industrial use often, and silver is highly used in the solar industry. Check out some of our recent coverage from last fall on the rise solar panel usage, and for a good explanation of how silver is used in the solar industry...Read More
"We suspected silver would be the incorrect count (but hoped it wouldn't be)...We expect silver to keep falling now to at least the..."by Captain Ewave of CaptainEwaveCAPTAIN EWAVE LONG TERM CHARTS UPDATE Gold: Longer Term Update: Weekly Gold Chart:Gold was lower this past week reaching a low of 1316.30. We continue to work on the assumption that a complex wave ^ii^ is not complete at the...Read More
Keith says many have been calling for a price breakout, but not understanding these fundamentals explains why the breakout hasn't happened yet...by Keith Weiner of Monetary MetalsA reader asked us this week about the personal savings rate. Most people can sense that something is wrong if the rate is in a long-term falling trend, or if it falls too low (whatever level that may be). We argue that fa...Read More
CLICK ON CHART TO ENLARGEThe 2-pack above looks at Gold & Silver on a "Monthly Basis" over the past 8-years. Both peaked in 2011 and have struggled to move higher ever since.Overhead resistance comes into play for both at (1). During the month of April, both attempted to break above these important resistance lines, only to see buying pressure dry up and sellers step in. At months end, both coul...Read More
Greg says with all the central bank manipulations, there is not one thing that has a real price based on market forces, especially silver. Here's the details...Gregory Mannarino interviewed on Reluctant PreppersVeteran trading coach Gregory Mannarino returns to Reluctant Preppers to update us on the latest deteriorating signals from the bond market that signal accelerating collapse of other market...Read More
By Dimitrios Kontos Glencore PLC (GLEN.LN) said Friday that two of its subsidiaries in the Democratic Republic of the Congo have been served freezing orders over royalty payments, by Ventora Development Sasu. Ventora has served orders against Mutanda Mining Sarl and Kamoto Copper Company for approximately $695 million and $2.28 billion respectively, Glencore said. The orders authorize the commerci...Read More
SD Friday Wrap: Silver has gone down, gold is pinned down and under fire, and we are losing ground on the battlefield. Here's the situation...Editor's Note: This Friday Wrap was started on Friday at 1:30 p.m. EST and does not include any market/price action after that time.*****The gold to silver ratio is right at 80 again:The good news is that the 50-day moving average is pointing down, and we do...Read More
Alasdair says to get ready for the break-out in silver, because it could happen at any moment. Here's why...Alasdair Macleod interviewed on Reluctant PreppersJust when you thought Bitcoin and other cryptocurrencies had burned out through exhaustion blow-off top and fallen into the valley of despair, along comes the steady-minded and soft-spoken Head of Research for GoldMoney, Alasdair Macleod, to...Read More
Chris says we must learn to play the price moves to our advantage. Here's how Chris is doing just that...by Chris Vermeulen of The Technical TradersOur recent silver analysis could not have been more accurate. Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible....Read More
ATHENS (Reuters) - Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) after workers protested at what they call a "national crime".A majority of lawmakers voted in favour of the bill which paves the way for PPC to begin selling plants in May. It is a requirement of a multi-billion euro bailout accord between Greece and inter...Read More
By David Hodari Precious metals mining company Fresnillo released its first-quarter 2018 production report on Wednesday. Here are some other remarks from the company's report. On silver production: "Quarterly silver production (including Silverstream) increased 14.0% vs. 1Q17 primarily as a result of the start of operations at San Julian (phase II) in July 2017; San Julian is now operating at full...Read More
By Oliver GriffinFresnillo PLC (FRES.LN) said Wednesday that first-quarter silver production grew 14% on year, as the company's San Julian mine in Mexico reached full operating capacity. The precious metals miner, which is based in Mexico, said that silver production for the three months ended March 31 rose to 15.4 million ounces from 13.5 million ounces. Gold production climbed 4.1% to 231,500 o...Read More
Marshall has been looking for signals of the bottom, and now he's long. Here's what it means for silver investors... Editor's Note: When Marshall mentions a "few more months", Marshall is talking about the globalists pulling the plug on the global financial system to cause global economic collapse. See this post and this post if you're not familiar with the boldest call out there (some would eve...Read More