Driven by Credit The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don't often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have). NYSE margin...Read More
Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due pro...Read More
Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due pro...Read More
China's Gold Imports Seen Jumping 50% as Haven Demand Boomsby Ranjeetha PakiamMore stories by Ranjeetha PakiamRead More
CloseGain/LossGold $1279.60+$1.40Silver$17.57+$0.05XAU83.12-0.12%HUI192.84+0.70%GDM632.61+0.20%JSE Gold1319.37+13.02USD96.81+0.13Euro112.58-0.27Yen90.50-0.08Oil$47.40-$0.2610-Year2.180%+0.030T-Bond155.6875-0.46875Dow21184.04-0.10%Nasdaq6295.68-0.16%S&P2436.10-0.12% The Metals: Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours...Read More
Gold Today -New York closed at $1,278.20 Friday after closing at $1,270.10 Thursday. London opened at $1,281.00 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was weaker at $1.1264 after Friday's $1.1222: EUR1.- The Dollar index was weaker at 96.77 after yesterday's 97.20. -...Read More
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to th...Read More
Content originally generated at iBankCoin.comA secretive group of 131 elite power brokers met last weekend at the heavily guarded Westfields Marriott in Chantilly, Virginia for the highly secretive annual Bilderberg meeting.Established in 1954 by Polish political advisor J??zef Retinger - founder of the European Movement which gave birth to the EU, the informal meeting of over 130 of the wo...Read More
EU inflation remains muted even as economies there perk upChina's reflation impluse remains crucial to global pictureChina Inc. Healthy in Spite of DebtCentral bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens.Compounding the riddle, question marks are now emerging over the one...Read More
Mr. Brian Groves reportsGENESIS CLOSES $3.25 MILLION PRIVATE PLACEMENT AND WELCOMES ERIC SPROTT AS SIGNIFICANT SHAREHOLDERGenesis Metals Corp. has closed its $3.25-million non-brokered private placement previously announced on May 24, 2017.Brian Groves, chief executive officer of Genesis, commented: "We are pleased to have Eric Sprott, Delbrook and other large, strategic institutional investors pa...Read More
Virtually nobody saw it coming. Late on Sunday night, the Saudi-led alliance of Gulf Arab states, Saudi Arabia, the UAE and Bahrain including Egypt, shocked the world when they announced they had severed ties and closed borders with one of the Gulf's wealthiest, if smallest, neighbors Qatar, a (now former) member of the Gulf Cooperation Council in what we called a "geopolitical earthquake" and wha...Read More
While VIX closed at its lowest level since 1993 on Friday, VVIX (which tracks the anticipated volatitilty of VIX) completed a fourth week of gains in five, reaching a record high relative to the measure of equity turbulence. As Bloomberg notes, with the VIX down more than 30% this year through the end of last week, investors have been using options to bet on volatility.As the chart above shows, t...Read More
Mr. Jeffrey Wilson reports PRECIPITATE'S LATEST IP RESULTS PRODUCE EMERGING NEW DRILL TARGETS AT SOUTHEAST AND SOUTH JENGIBRE ZONESPrecipitate Gold Corp. has released results and interpretation from the latest geochemical and geophysical surveys at the Southeast and South Jengibre zones within the company's 100-per-cent-owned Juan de Herrera project in the Dominican Republic. The latest results ha...Read More
Regina, Sask. - K+S Potash Canada (KSPC) has committed over $2.8 million in funding for wetland conservation through an agreement with Ducks Unlimited Canada (DUC) to ensure wetlands affected by the Bethune mine are offset through the restoration and preservation of wetlands across Saskatchewan. The agreement, based on a unique science-based formula developed by Saskatchewan's Ministry of Environm...Read More
Assay results from the latest hole on the winter programme conducted at the W85 deposit have confirmed high-grade zinc and lead mineralisation with good continuity.The intercept was a 72m length grading 5.6% Zn and 1.8% Pb from 34.57m depth. Within this was a narrower 36.48m hit averaging 6.44% Zn and 2.37% Pb from the start of the hole.This hole, the second from Darnley Bay's C$5 million (US$3.7...Read More
Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More
Ms. Janet Lee-Sheriff reportsGOLDEN PREDATOR RETIRES DEBT AND RECEIVES ROYALTIESGolden Predator Mining Corp. has retired $2.2-million in debt owed to Till Capital Ltd., pursuant to the terms of a 2014 agreement whereby the company acquired mineral properties from Till.The company has now completed all payment obligations to Till under the agreement and avoided escalating interest rates that would...Read More