Liberty House aims to make "more than $5 billion in investments over the next few years" across the United States and Canada following the restart of its rod mill in Georgetown, South Carolina, on Monday June 25."Of this [$5 billion] total, $1 billion is expected to be invested during the coming year to acquire and develop steel, aluminium, engineering, mining, energy generation, and financial ser...Read More
WASHINGTON (Reuters) - President Donald Trump said on Sunday that people who enter the United States illegally should be sent back immediately to where they came from without any judicial process, likening them to invaders who are trying to “break into” the country.His proposal drew immediate criticism from legal analysts and immigrant rights advocates who said it would violate the U.S...Read More
Swedish engineering group Sandvik has signed an agreement to sell its stainless wire business to Zapp Group. The deal includes the production unit in Sandviken, Sweden and the global sales organization, along with selected trademarks and patents and approximately 145 employees, the majority of which are in Sandviken. Revenues for the stainless wire business were 310 million SEK ($34.9 million) in...Read More
CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37% The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More
KIEV (Reuters) - The United States and Canada said on Monday they were horrified by an attack on a Roma camp in Western Ukraine in which one man was killed and several wounded, including a ten-year-old boy.Police have detained ten teenagers suspected of involvement in the violence, which saw a 24-year-old Roma man stabbed to death and four others wounded at a camp on the outskirts of the city of L...Read More
By Ira EpsteinGold continues with its gloomy ways.https://iraepstein.com/ Read More
By David HaggithNo, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we've seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an organized PR campaign run by a conservative tax group, and have mostly now ended. Amer...Read More
COLORADO SPRINGS, CO., June 25, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for June 2018 payable on July 23, 2018 to shareholders of record as of July 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico...Read More
By Clint SiegnerThe sound money movement reemerged on the national political scene a decade ago. In 2008, the financial crisis brought in a fresh wave of U.S. gold and silver investors.Ron Paul and the Tea Party advocated for limiting government and ending the Federal Reserve system. Sound money advocates made real inroads in recruiting Americans to their cause based on evidence that the nation...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 25, 2018A lie told once remains a lie but a lie told a thousand times becomes the truth.If you repeat a lie often enough, people will believe it, and you will even come to believe it yourself. Joseph Goebbels, Nazi, Minister of Propaganda 1933-1945 When a country (USA) is...Read More
By PlungerFirst off, I would like to thank Rambus for allowing me the intellectual freedom to deliver to you the straight story as I see it. Our views are not always in sync but I will tell you he has not ever tried to spin my views. I understand I write here as a privilege and am presenting my honest opinion, with no ulterior motives. We just want to get these markets right and make money...Read More
By BullionStarhttps://www.bullionstar.com/Imagine a country in which banks hold virtually no cash at all. A country where if you walk into a bank branch, the clerk won't be able to help you make a deposit. A country where there's a good chance that if you grabbed a wad of cash and walked into an electronics store or a major nightclub, they wouldn't be able to assist you in buying a new computer,...Read More
By Keith WeinerLast week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let's illustrate with an example.The Fraudulent PromiseSuppose Eric works for wages. He is 50 years old. His house is paid off, he has no student loans, and owns his car outright. He has no debt (he is...Read More
By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD...Read More
After an artificial pause in 2017, US government debt has resumed its inexorable climb......the dollar has fallen by around 5%...... and inflation - even the massaged-beyond-recognition Consumer Price Index (CPI) - has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It's almost exactly unchanged from last June:Gold's failure to tak...Read More
By David Brady, CFA As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly. You'll hear a lot of people say market manipulation is a conspiracy theory, despite the fact that it has been proven in court several times in various assets classes and especially in precious...Read More
By John MauldinThe Money Isn't ThereSafety Valve StuckHaving CakeDebase as NecessaryMagical ThinkingSt. Louis, Los Angeles, Grand Lake Streams, Maine, Beaver Creek, and BostonItalian dictator Benito Mussolini at least made the trains run on time, according to legend. But other sources say the nation's railway system remained horrible under his rule (see here, here, and here).The same may be true...Read More
By Dave KranzlerA week ago Friday, the metals got clocked hard. It was a drive-by "paper gold" shooting on the Comex which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero. On Tuesday it dropped to negative 2.7. The HGNSI is an index that measures newsletters which make trading recommendations on mining...Read More
By Steve St. AngeloAfter another negative press release this morning, the major cryptocurrencies fell towards crucial support levels. According to a Zerohedge article, quoting CNBC, Japan's chief regulator launched a probe of crypto-exchanges, prompting the largest to halt new account creation, thus sending the crypto market considerably lower.The press release stated that Japan's largest cry...Read More