Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as more such data accumulates, a growing number of people come to expect the new trend to continue. In economist-speak, "expectations" change, and these become self-fulfilling prophecies, as people start behaving in ways that ant...Read More
I've raised a couple million bucks for a few cannabis companies that have gone on to do quite well.My group of accredited investors funded Emblem (TSX-V: EMC) while it was still private, getting shares at 75 cents.Those shares subsequently went as high as $4.60 - a 513% gain - and Emblem is one of the fastest-growing producers in Canada, currently undergoing an expansion to 17,000 kilograms of ann...Read More
CloseGain/LossGold $1296.50+$4.70Silver$16.49+$0.09XAU83.05+1.06%HUI178.67+0.97%GDM623.77+0.53%JSE Gold1025.63+18.59USD93.91-0.14Euro117.17+0.19Yen91.16+0.03Oil$65.52+$0.7710-Year2.920%-0.023T-Bond144.375+0.25Dow24799.98-0.06%Nasdaq7637.86+0.41%S&P2748.80+0.07% The Metals: Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close...Read More
Increase Portfolio DiversificationImportant Tail Risk HedgeValuable Inflation Hedgeby George Milling-Stanley of State Street via TheFMReportWhile gold has traditionally been seen as a tactical way to help preserve wealth during market corrections, times of geopolitical stress or persistent dollar weakness, we think there is a case to be made for gold as a core diversifying asset with a long-term...Read More
The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...Read More
You might think of it as a car company, but from Australia to Puerto Rico the company is also changing the world's power grids-and making renewable energy more reliable.Read full newsRead More
Golden Predator Mining Corp. (TSXV:GPY) and its wholly owned subsidiary, the Yukon Mint?,,? are pleased to announce the First Yukon Mint?,,? .9999 gold coin was unveiled on May 30th, 2018 at a Company event in Toronto, Canada.Read full newsRead More
Production at Escondida began in 1990 and peaked in 2007 at more than 1.4 million tonnes of copper. Image: BHPCopper jumped 3.7% in New York on Tuesday to trade at $3.25 a pound ($7,165 a tonne), the highest since end-February, as worries about supply disruptions in key producing region resurface.Workers at the Escondida copper mine in Chile put down quite a marker in the third round of contract n...Read More
Asante Gold Corporation (CSE:ASE Frankfurt:1A9) and Perseus Mining (Ghana) Limited ('Perseus') have agreed to modify the terms of their Betanase Option and Sale Agreement.Read full newsRead More
Office Depot Inc (NYSE:ODP) keeps on fighting. Two years ago, the Federal Trade Commission appeared to deal the company a knockout blow. The country’s largest office supply chains, Staples and Office Depot, had intended to merge. For whatever bizarre reason, the FTC blocked the deal as being uncompetitive. ODP stock plunged following the decision.Staples had a much stronger competi...Read More
LONDON (Reuters) - The London Metal Exchange (LME) is working to see if it can expand access to Rusal's aluminum, which is under suspension due to U.S. sanctions, but the exchange needs to be cautious, Chief Executive Matthew Chamberlain said on Tuesday."We are working very closely with all the parties involved to see if we can expand that eligibility, but I think the market does agree that we sho...Read More
The Trump administration has quietly asked Saudi Arabia to increase oil production by about 1 million barrels a day, enough to offset expected oil export declines as a result of Trump's renewed embargo on Tehran.Read full newsRead More
(Bloomberg) - Murray Energy Corp., the coal miner led by Robert E. Murray, said some of its debt holders agreed to refinance a chunk of the company's bonds and loans as the Trump administration makes a new push to buoy the struggling fossil fuel industry.The deal cuts debt and gives Murray Energy more time to repay obligations, in return for a higher interest rate and more collateral, the company...Read More
(Bloomberg) - Canadian crude surged by the most ever after Enbridge Inc. said it won't implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta's oil sands with U.S. refineries.Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16. Canadian crudes have we...Read More
SANTIAGO, June 5 (Reuters) - Chilean lithium miner SQM has retained former chairman Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute.Ponce and his brother Eugenio, a former president of the world's biggest exporter of lithium carbonate, were employed as strategic advisers i...Read More
WASHINGTON, June 5 (Reuters) - Republican and Democratic U.S. senators plan to introduce as soon as Tuesday legislation that would force President Donald Trump to obtain Congress' approval before imposing tariffs on national security grounds, a senior senator said on Tuesday.Republican Senator Bob Corker, chairman of the Foreign Relations Committee, said legislation would be introduced on Tuesday...Read More
JOHANNESBURG, June 5 (Reuters) - South Africa's Harmony Gold said on Tuesday that it would sell new shares to raise up to 1.26 billion rand ($98.75 million) through an accelerated book-building.The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan raised for the acquisition of the Moab Khotsong mine.The size of the new share placement represents...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD LAUNCHES PROGRAM AT KSM TO GROW IRON CAP RESOURCETwo drilling rigs have been mobilized to Seabridge Gold Inc.'s KSM project and drilling has commenced. Three additional rigs will be added when snow conditions permit. In total, Seabridge is budgeting $19.7-million for about 28,000 metres of drilling and surface work in the 2018 exploration program. The principal...Read More
OTTAWA, June 4 (Reuters) - Canada's government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue.President Donald Trump's administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter...Read More
MEXICO CITY, June 5 (Reuters) - Mexico responded in kind to U.S. President Donald Trump's metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon.Mexico's peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between the two n...Read More