NEW YORK (Reuters) - A federal judge on Thursday expressed skepticism about whether U.S. President Donald Trump can constitutionally block Twitter users whose views he does not like from following and retweeting from his own Twitter account.At a hearing in Manhattan federal court, U.S. District Judge Naomi Reice Buchwald asked Trump’s lawyer Michael Baer whether letting Trump bar users from...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
(Bloomberg) - Ghana's largest mineworkers' union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.'s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation.Gold Fields is committing "acts of corporate greed aimed at amassing huge profits at the expens...Read More
COLORADO SPRINGS, Colo., March 08, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company" or "GRC") today announced a seventh consecutive year of profitability, reporting net income of $4.2 million or $0.07 per share. Included in the financial results is a $7.3 million, or $0.13 per share, non-cash income tax expense related to the recently enacted Tax Cuts and Jo...Read More
"Steel is the least of our problem."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The...Read More
Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn...Read More
Written by Jordan Roy-Byrne CMT, MFTAThe precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving...Read More
China's ferrous futures, especially those of finished steel, remained weak during morning trading on Thursday March 8.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,858 ($610) per tonne, down 27 yuan per tonne May hot-rolled coil: 3,940 yuan per tonne, down 21 yuan per tonne Dalian Commodity Exchange May iron ore: 512.50 yuan per tonne, down 0.50 yuan per tonneMay...Read More
WASHINGTON/PARIS/BEIJING (Reuters) - President Donald Trump is to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Washington has repeatedly offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade” a gestur...Read More
By Ronan Manly"Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? We cannot take what is on the outside as evidence for what is on the inside."Thoughts of ANOTHER - October 1997LBMA Gold Price and LBMA Silver Price - Price Publication DelaysIn August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launc...Read More
TOPICS IN THIS INTERVIEW:01:45 Trade war fears04:40 The Deficit highlights the need for a Gold standard08:40 The new FED Chairman Powell - what can we expect?12:50 A 'complete flushing' of the markets14:30 Where to find out more informationBill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joini...Read More
Spending in mining and exploration in Canada's British Columbia saw increasing signs of life in 2017, growing for the first time in five years, according to the results of an EY survey released this week.Exploration spending increased 20% across the province in 2017, reaching $246 million, compared with $205 million in 2016. The increase was largely driven by gold exploration, which totalled $37 m...Read More
LONDON (Reuters) - The European Union has proposed making it a formal requirement for asset managers to consider “sustainability” when picking investments, a move the EU’s 23 trillion euro ($28.5 trillion) funds industry swiftly dismissed as a “tick-the-box” exercise.The EU wants more money going into sustainable and “green” projects that help cut greenhou...Read More
"So it begins." This is what King Theoden said right before the Battle of Helm's Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn't threaten the kingdom of men. But something else - also dreadful - endangers us. Trade wars. Are Trade Wars Good? President Trump shook the world last week, saying: "(...) trade wars are good, and easy to win." Wrong! Each economist will say t...Read More
The Democratic Republic of Congo imminent law that more than double the tax miners operating in the country pay on exports of cobalt, will severely affect buyers of the metal, a key component in the lithium-ion batteries that power electric cars and mobile phones."Given the tight nature of the cobalt market at present, we would expect miners to attempt to pass through higher royalty costs to c...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
South Africa's AngloGold Ashanti said it was fully supporting its JV partner Randgold Resources, as several miners operating in the Democratic Republic of Congo negotiate with the government terms of the country's new mining code.Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously...Read More
The latest news and price moves to start the Asian day on Friday March 9.The London Metal Exchange's three-month aluminium contract recovered above $2,100 per tonne at the 5pm close on Thursday March 8, with all eyes on the United States' tariff announcement. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The US announcement of a 10% tariff on alu...Read More
Source: Jack Chan for Streetwise Reports 03/06/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term sell signal. Short-term signals can...Read More