Carlos Slim, who is known as the richest man in Mexico, teamed up with Canada's Goldcorp (TSX:G) (NYSE:GG) by sealing a deal between his Minera Frisco and Goldcorp's subsidiary Minera Pe??asquito. The deal involves exploring and evaluating possible mining operations in Mexico's Mazapil Valley, which is in the central Zacatecas state near the Canadian miner's flagship Pe??asquito mine. In a press r...Read More
Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
Three, four and five years ago countries taking anti-dollar actions would have only included only China, Russia and a few other smaller Asian players. Now we are starting to see friction that is not just Asian players, now it's Germany. Who's next?"Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He al...Read More
One of the things giving "data-driven" central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. Continue...Read More
Whilst the US government worries about the military threat of Russia, and the trade deficit with China, they show no concern for the real problems. Continue...Read More
Read the latest articles at Peak Prosperity: https://www.peakprosperity.comChristopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:IPTAUDDescriptionImpact Minerals Ltd. are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial07/01/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$18.71M$18.71M07/01/2018$0.00MTotal Assets:$14.98M$14.98M07/0...Read More
Imports of hot rolled coil (HRC) into the European Union (EU) rose by 5.8% to 3.52 million tonnes during the first five months of 2018 from 3.3 million tonnes in January-May 2017, according to regional steel association Eurometal.Import volumes of Russian-origin HRC into the EU rose sharply to 749,000 tonnes in January-May 2018 from 147,000 tonnes a year earlier.In October 2017, the European Commi...Read More
"In out, in out, shake it all about" - not just a line from the Hokey Cokey, but a pretty accurate picture of the attitude of banks toward the metals (and general commodities) business during his career, Lord Copper reflects.Sometimes it's hot, sometimes it's not, and trading teams have been built, dismantled and built again with what often seems like gay abandon. But that all stopped after the Do...Read More
The Italian steel distribution network faces a shake-up from ArcelorMittal's efforts to meet its anti-trust obligations to acquire steelmaker Ilva.The European Commission (EC) EC has requested the "sale availability" of four ArcelorMittal CLN Distribuzione Italia (AM CLN) steel service centers (SSCs), Cesare Vigan??, the managing director of ArcelorMittal CLN Distribuzione Italia (AM CLN), said."T...Read More
World manganese ore supply rose 2% year on year in May and was stable compared with April, according to the latest data from the International Manganese Institute (IMnI).May supply totaled 1.66 million tonnes dry metric tonnes. World demand in May rose 2.6% year on year and 12.9% compared with April to 1.62 million tonnes.Supply...Read More
Prices declined in most regions last week on weak market sentiment after a slump in the Chinese billet market early last week and mills from the CIS region reduced offers to get new bookings. China Billet prices in China's northern Tangshan region dropped by 70 yuan per tonne last week, quoted at 3,600 yuan ($543) per tonne on Friday June 29. Most of the decrease occurred over the weekend and on M...Read More
By John MauldinAssumptions EverywhereNegative Cash FlowThe Threats Go OnThe Venus Flytrap: EntitlementsLA, Maine, Beaver Creek and Boston In describing the global debt train wreck these last few weeks, I've discovered a common problem. Many of us define "debt" way too narrowly.A debt occurs when you receive something now in exchange for a promise to give something back later. It doesn't have to...Read More
Dear Friend of GATA and Gold:Market analyst and former fund manager David Brady, writing again at Sprott Money, observes today that, in devaluing the yuan against the U.S. dollar in recent weeks to offset rising U.S. tariffs, China also appears to be pegging the yuan to a gold price of around 8,200 yuan per ounce.In his most recent Gold Speculator letter, which has not been posted in the clear,...Read More
One of the things giving "data-driven" central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed's target. But the Fed prefers the personal consumption expenditures (PCE) price index, which ten...Read More
By Steve St. AngeloAs the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017. And to make matters worse, world oil investment has dropped 45% from its peak in 2014. If the world oil industry doesn't increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later.According to Rystad...Read More
Silver 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 multiple questions submitted by viewers to give us the insight of his connections and experience into where gold, silver, our financial lives and freedom are headed next.- Not to be missed!Fin...Read More
Governments around the world are keen to prove their green credentials by announcing target dates for the end of sales of vehicles powered by internal combustion engine vehicles and their total replacement by electric ones.The actual demands of different governments vary. Norway, at the forefront of EV take-up, originally believed it could phase out its subsidies by 2015: now, the target has moved...Read More
Gold futures snapped a four-day losing streak Friday, but logged a second quarter drop of more than 5%. Gold sellers came up for air as the highflying dollar index paused its run on Friday and the metal largely held its early gain even after government data showed a preferred inflation gauge under watch at the Federal Reserve hit the central bank's 2% target in May. It's a data point that could k...Read More
Ferro-chrome benchmark price negotiations for the third quarter of 2018 are revealing a fresh spin on some familiar topics and a more detailed look at regional price differences across the supply chain. Metal Bulletin reported last week that the widely-expected reduction in the third-quarter settlement is likely to be smaller than previously anticipated, due to strengthening ferro-chrome markets,...Read More