In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I meant Venezuela." Mixing up countries kind of dilutes the power of the statement, but for some...Read More
Plenty of stupid ideas kill people. But one man’s stupid ideas have killed over a hundred million people.Karl Marx was born 200 years ago today. And despite the utter failure of his communist philosophy in practice, the cult lives on. Still people want to try again… this time they will get it right.Karl Marx and Friedrich Engels originally published The Communist Manifesto in 1848. It...Read More
A Useful Public ServiceThere are nooks and corners in every city where talk is cheap and scandal is honorable. The Alley, in Downtown Los Angeles, is a magical place where shrewd entrepreneurs, shameless salesmen, and downright hucksters coexist in symbiotic disharmony. Fakes, fugazis, and knock-offs galore, pack the roll-up storefronts with sparkle and shimmer. The Alley in LA - in places s...Read More
By Ira EpsteinMetals get a boost going into weekend.https://www.iraepstein.com/ Read More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
By Ira EpsteinMetals get a boost going into weekend.https://www.iraepstein.com/ Read More
Why did the Jerome Powell Federal Reserve decide not to hike interest rates again on Wednesday? Jason Burack talks about why he thinks the Fed decided to not hike rates this week and may wait until June. Jason thinks it's because the Fed is watching the US Dollar Index break out from a textbook bullish inverse head and shoulders chart pattern the last few months and the Fed is worried that raising...Read More
Countdown to April jobs report - Challenger layoff data hinted at downside in today's report.And that's exactly what we saw. At the same time, the disconnect between wages and the skilled worker shortage will have too close at some point. A jobs report filled with disconnects.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Daniell...Read More
A veteran investor is getting very bullish on silver, so much so that we can go ahead and call him a "Silverbug". Here's the details...Louis James interviewed on Palisade RadioLobo Tiggre, better known by the pen name Louis James, discusses the launch of his new investment newsletter "Independent Speculator" and his reasons for starting it. He believes we are approaching an up-turn in resource mar...Read More
Andrew G. Biggs is a resident scholar at the American Enterprise Institute. He is a former principal deputy commissioner of the Continue...Read More
By Chip Cummins in London and James T. Areddy in Shanghai Mining giant Glencore PLC and Qatar said they have scrapped plans to sell a roughly $9 billion stake in Russian state oil company PAO Rosneft to a once-high-flying Chinese firm now embroiled in investigations by Beijing. In a statement late Friday, Glencore and Qatar said they were terminating an agreement, reached in September, to sell m...Read More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
"These efforts and others have resulted in a 1000% increase in our surge, transaction capacity relative to Q3 of 2017," Continue...Read More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
There was no doubting the identity of the week's biggest winner. Bahamas Petroleum PLC (LON:BPC) took that accolade as it advanced 150% on news it is holding substantive talks with an unnamed oil major interested in its licences in the waters off the paradise islands.The company has inked a three-month exclusivity deal for which it will receive US$250,000 per month, plus the same again each month...Read More
The UAE government came under tremendous pressure by the dealers that the VAT was killing their business. The government has responded dropping the VAT (Sales Tax) on gold, diamonds, and precious metals for investors. Taxing such products is, in reality, taxing money the same as if it bought bonds or stocks. Not everyone buys stocks just as not everyone buys gold. Taxing gold and not stocks is a f...Read More
Gold has a six-months on/six-months off seasonal pattern, just like the stock market.Read full newsRead More
Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday.The workers got stuck at the company's Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground in an operating stope.The deaths brings the nu...Read More
Tahoe Resources (TSX: THO, NYSE: TAHO) announced this week the end of a strike carried out by 65 per cent of its workforce at the La Arena gold mine since April 22, 2018.Workers were demanding higher profit-sharing payouts. However, the company has said that it addresses such payouts in accordance with the Peruvian labour law. In a press release, the miner said that, following an agreement with th...Read More
The DIVA Museum, an institution created with the idea of highlighting the story behind some of the world's most beautiful diamonds, opened today in Antwerp, the capital city of the Flemish province of the same name located in northern Belgium. Antwerp is known for being home to silversmiths, jewellers and diamond dealers since the sixteenth century, and this new 850 m ?- museum tries to showcase h...Read More