By Visual Capitalist>50% of all steel, cement, nickel, and copper goes thereThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.It's said that in China, a new skyscraper is built every five days.China is building often, and they are building higher. In fact, just last year, China completed 77 of the world's 144 new supertall buildings, spread through 36 different Chinese citie...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Vancouver-based Trevali Mining (TSX: TV) and Quebec-based Puma Exploration (TSX-V:PUMA) have entered into a Letter of Intent for the acquisition by the former of an option to acquire an interest in the Murray Brook Deposit and to form a proposed Strategic Exploration Alliance in the northern portion of the Bathurst Mining Camp in New Brunswick, Canada.Under the terms of the LOI, Trevali, at its op...Read More
* Big short yen bets could unwind if BOJ signals policyshift* Graphic: World FX rates in 2018 By Saikat ChatterjeeLONDON, March 2 (Reuters) - The Japanese yen jumped half apercent against the dollar and is set to score significant gainsagainst the euro on Friday as prospects of a trade war grippedmarkets after U.S. President Donald Trump announced hefty newtariffs on steel and aluminium imports.Wi...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort251,98173,26372,017161,527361,323485,525506,603Change from Prior Reporting Period -5,2246,9804,3816,614-8,4685,7712,893Traders17378834658255187 Small Speculators LongShortOpen Interest 47,33526,257532,860 -1,0651,8134,706 non reportable positionsChange from the previous reporting...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
TORONTO, March 2, 2018 - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the "Company") today confirmed that the power generation facility that supplies electricity to the Porgera Joint Venture mine experienced significant damage during the 7.5 magnitude earthquake that struck Papua New Guinea on Feb. 26, 2018.The Company is pleased to report that all Porgera Joint Venture employees and...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies, and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.Michael is a well-known money manager and a fantastic market commentator, and over the past few years has been a wonderful guest and...Read More
*This interview was released on 2/25/18In today's episode you'll learn:-What sparked Doug's interest in investing-Which country Doug believes is the next good bet-Investments Doug currently recommends-Doug's views on cryptocurrencies-What it takes to be a speculator-About Doug's High Ground fiction seriesDoug Casey is an American-born libertarian economist and advocate of the free market. He is a...Read More
LONDON, March 2 (Reuters) - Cryptocurrencies are failing asa form of money and have shown classic signs of being afinancial bubble, requiring regulators to protect consumers andstop their use for illegal activities, Bank of England GovernorMark Carney said on Friday.Carney did not call for a ban on cryptocurrencies such asBitcoin but said they needed to be regulated in a similar way toother parts...Read More
RIMOUSKI, Quebec, March 02, 2018 (GLOBE NEWSWIRE) - Puma Exploration Inc. (the "Company" or "Puma") (TSX-V:PUMA) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TSX:TV) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouch...Read More
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There's a fascinating interplay between these two currencies and futures speculators' expectations for Fed rate hikes. These traders hang on every word from top Fed officials, which greatly influences their trading. So these relationsh...Read More
Stocks plunge after President Trump sets tariffs on steel and aluminum imports. Former Dallas Fed advisor Danielle DiMartino Booth says the market gyrated on confusion.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic...Read More
Every few decades a new "command and control" economy emerges, puts up awesome initial numbers, and convinces people prone to dictator-worship that they've seen the future and it works. Between the 1920s and the 1970s, for instance, lots of influential people thought the Soviet Union would overtake the West, forcing the "free world" to embrace top-down economic planning.Then in the 1970s and 80s...Read More
LONDON, March 2 (Reuters) - Some crypto-currencies will gainfrom being regulated but many others will fall by the wayside,Bank of England Governor Mark Carney said on Friday.Carney said crypto-currencies were failing as a form ofmoney and showed many characteristics of a bubble in a speechearlier in the day, though he added that the technology showedsome promise in cutting financial transaction co...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistChina's staggering demand for commodities>50% of all steel, cement, nickel, and copper goes thereThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.It's said that in China, a new skyscraper is built every five days.China is building often, and they are building higher. In fact, just last year, China completed 77 of the wor...Read More
South American flat steel import prices increased significantly this week, with mills in China returning to the market with high-priced offers after the Chinese New Year holiday."On Thursday and Friday last week, the market seemed to open weakly in China, so all mills held their offers," a South America-focused trader said. "Then on Monday, the market opened very strongly, and mills applied strong...Read More
Gerald Celente of The Trends Journal observes that interest rates are going up and this could mean that stocks, housing, and economies could be going down. Debt keeps going up and how much longer can the world continue on? The world cannot take higher rates. The party is ending. In February markets starting going down and it was attributed to rising wages. However, when we look behind the headline...Read More
One month after the February stock market rout is an excellent time to step back and review all the facts - and their implications for the gold market. Here's exactly what happened - and what it implies for your capital allocation.After more than a year of continuously advancing, the S&P 500 fell nearly 10 percent in five days.The sell-off was allegedly triggered by the surprisingly strong January...Read More