Via Sovereignman.com'Mrs. F.' was 84 years old the first time she ever went to prison.Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine.She served her time. Got released. Then shoplifted again so that she'd go back to prison.She's now 89 years old serving out another 2 1/2 year sentence, not too far away from where I am right now, at a women's prison about 60 miles o...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Cabral (TSXV: CBR) identifies several new high-grade gold vein targets at the Cuiu Cuiu Project, Brazil with values up to 264 g/t gold from surface sampling Vancouver, British Columbia - March 21, 2018 (Newsfile Corp.) (Investorideas.com Newswi...Read More
NEW YORK (Reuters) - Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal.Brent crude futures LCOc1 rose $2.05, or 3 percent, to settle at $69.47, nearly a 7-week high.U.S. West Texas Intermediate (WTI) crude futures CLc1 ga...Read More
CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morni...Read More
Major international mining companies active in the Democratic Republic of Congo (DRC) previously supported work on the new mining code by the country's Chamber of Commerce and are unfair to criticize the association, it said. The country's largest foreign miners, including Randgold Resources, AngloGold Ashanti, Glencore plc, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG (PTY)...Read More
The comments above & below is an edited and abridged synopsis of an article by Gijsbert GroenewegenFor the moment, the world still revolves around the US dollar, and thus it is essential for the world's central banks to hold dollar reserves.The petrodollar contract was created by President Nixon and Secretary of State Kissinger; they promised the Saudis protection in exchange for pricing oil in U...Read More
Jim Grant, Grant's Interest Rate Observer, discusses Federal Reserve Chair Jerome Powell's first FOMC meeting and the potential impact on the market.?>>??>>?James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cure...Read More
(Kitco News)- Today may mark the pivot for gold's next leg. We suggestedlast week that traders may lighten up on positions until Fed Chair JeromePowell's news conference following the Fed's rate announcement at 2 p.m. EDT. The range of $1,307 - $1,322 has been stickyahead of today's announcement. The Fed will raise rates by 25 basis pointstoday, but there continues to be disagreement on whether Po...Read More
By Ira EpsteinMetals get a strong rally off falling US Dollar after FOMC Announcement. http://iraepstein.com/Read More
Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More
The comments above & below is an edited and abridged synopsis of an article by Virginia FidlerOlder people planning their retirement have cause for concern. Forty-two percent of Americans are facing their golden years with less than $10,000 in savings.Out-of-pocket expenses for health care are spiraling. Americans 65 and older may spend up to $46,000 annually on healthcare. This is not good news f...Read More
The Federal Reserve, under new chairman Jerome "Jay" Powell, raised the federal funds target rate 25 basis points today. It was Powell's first significant move as the new chairman of the Federal Reserve.Let me first give my opinion of Jay Powell before weighing on the implications of today's decision.I worked with Jay Powell when he was at the U.S. Treasury and I was general counsel of a major pri...Read More
Comex copper prices bounced back on Wednesday March 21 ahead of the conclusion of the US Federal Reserve meeting with the dollar experiencing a bout of weakness. Copper for May settlement on the Comex division of the New York Mercantile Exchange inched up 0.75 cents or 0.3% to $3.0455 per lb. Yesterday, the contract hit a three-month low. "Today, the Fed concludes its two-day policy meeting which....Read More
By: Nicholas LePan, GoldSeek.com As Gold prices have stabilised, large operators are looking to grow their resources to support their processing operations and to maximize returns on capital expenditures by extending the life of the mine, this bodes well for junior miners that are well positioned near producing mines. Eagles Plains Resources Ltd. (TSX-V: EPL) is one junior that holds a signific...Read More
Bob Moriarty of 321 Gold discusses this gold explorer's major financing. Guyana Goldstrike Inc. (GYA:TSX.V; GYNAF:OTC; 1ZT:FSE) recently announced a major financing with Zinjin of China for a total of $3.475 million for work on GYA's Marudi gold project in southern Guyana. The private placement was for 13.9 million units at $0.25 with a full warrant at $0.35 good for two years. On a fully dilute...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump spoke with House Speaker Paul Ryan and Senate Republican leader Mitch McConnell on Wednesday about a $1.3 trillion spending bill being considered by Congress and indicated his support for the measure, the White House said.“The President and the leaders discussed their support for the bill, which includes more funds to rebuild the military, s...Read More
A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.Digital payment systems have ballooned in popularity in India since the government scrapped large-value bank notes in 2016.Among these offerings are applications that enable smartphone u...Read More
The comments above & below is an edited and abridged synopsis of an article by The EconomistCompanies in the US have been growing at a record pace, yet many have binged on debt. Markets have been untroubled because the good times have coincided with a period of record-low interest rates, but a shock could put corporate America in trouble.The debt load is worrying. When calculated as a percentage o...Read More
A Colombia miner has announced a ramp-up, an amalgamation and high-grade drill results all in March, and the month is far from over. Red Eagle MapIt's been a busy time for Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL). The company been ramping up operations at its Santa Rosa project in Colombia, and drilling has revealed high-grade mineralization below the existing gold deposit. On top of th...Read More