Robin Emmott, Alissa de CarbonnelBRUSSELS (Reuters) - In 1996, when the United States tried to penalize foreign companies trading with Cuba, the European Union forced Washington to back down by threatening retaliatory sanctions.Two decades later, the European Union is being driven to threaten such measures again, over Iran, and this time may follow through after U.S. President Donald Trump withdre...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) ("Fremont" or the "Company") is pleased to announce that it has commenced a five-hole drill program totalling a minimum 1000m at Gold Bar and Gold Canyon in northern Nevada (see Fremont news release dated March 5, 2018).Drilling commenced this past week...Read More
Edmonton, Alberta - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce that Kinross Gold Corporation's wholly owned subsidiary, KG Exploration (Canada) Inc. ("Kinross"), has provided Grizzly with the proposed 2018 work program on the Grizzly Greenwood property, located near...Read More
DUBLIN (Reuters) - It is too soon to say whether the euro zone is being impacted by a slowdown in global demand or just a decrease in the amount of slack in the European economy, European Central Bank Governing Council member Philip Lane said on Wednesday.The Governing Council needs more data to make a call on this, he added.Investors have been wondering whether weaker growth and inflation in the...Read More
CloseGain/LossGold $1311.80-$2.60Silver$16.49+$0.01XAU82.38-0.35%HUI180.27-0.50%GDM632.77+0.05%JSE Gold1090.34+12.48USD93.12+0.02Euro118.51-0.14Yen91.21-0.48Oil$71.14+$2.0810-Year3.005%+0.031T-Bond142.53125-0.84375Dow24542.54+0.75%Nasdaq7339.91+1.00%S&P2697.79+0.97% The Metals: Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York t...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Wednesday May 9, with all the metals, except tin (+0.2%) and lead (+0.3%), down by an average of 0.3%. Copper prices were off 0.4% at $6,785 per tonne.Volume on the LME has been below average, with 5,734 lots traded as at 07.37 am London time. This follows on from what turned out to be a generally negative day on Tuesday,...Read More
"Usually when things are great, something happens."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In...Read More
By Ira EpsteinGold stalls while silver rallies.https://www.iraepstein.com/Read More
Sijia JiangHONG KONG (Reuters) - ZTE Corp’s (0763.HK) (000063.SZ) main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.ZTE was hit by a ban last month from Washington, forbidding U.S. firms from supplying it with components and technology...Read More
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.This is according to the Minister for Resources and Northern Australia Senator Matt Canavan who, in interview with The North West Star, explained that surface soil samples collected at 776 sites yielded significant concentrations of copper,...Read More
The comments below are an edited and abridged synopsis of an article by Naveen KumarIndia's people have an affinity for silver and gold. Silver has been a preferred choice: There is a good market, offering fair price discovery and reasonable liquidity. But the price of silver has been range-bound for quite some time, while gold has fared better on medium- to long-term basis.India is the one of the...Read More
Money manager Michael Pento says we will have "deflation" first and then "runaway inflation." Pento says this means gold is the place to be for the foreseeable future. Pento contends, "There is going to be a run on gold like we have never seen before. There is going to be a super-spike in the precious metals. These are unprecedented times coming, and you should take physical possession of your gol...Read More
A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card issuers decide which customers to pursue. To this end he created a series of fake personas ranging from an affluent straight-arrow who always pays her bills on time to a white-trashy guy with impulse control issues and a history of multipl...Read More
Money manager Adrian Day discusses two companies in his portfolio that have experienced strong growth over the past year, and he believes there is more ahead. Ares Capital Corp. (ARCC:NASDAQ, 16.31) saw net income catch up with the dividend following the higher share count after the American Capital acquisition at the beginning of last year. For the fourth consecutive quarter, earnings improved,...Read More
North American gold-backed exchange traded funds saw inflows in April at the highest since September 2017, as a U.S.-China trade war stand-off, tensions over Syria and worries over possible U.S. sanctions on Russia ushered in safe-haven purchases.This happened amid a strong U.S. dollar and expectations for the U.S. Federal Reserve to increase interest rates, which makes dollar-priced gold a less a...Read More
* Dollar eases off 2018 peak after U.S. data * Rising U.S. Treasury yields also pressure gold * Spot gold may revisit May 1 low $1,301.51/oz -technicals (New throughout, updates prices, market activity and comments;adds second byline and NEW YORK dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, May 9 (Reuters) - Gold prices dipped onWednesday as safe-haven buying failed to kick in after...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
The comments below are an edited and abridged synopsis of an article by Lawrence ThomasDemand for gold is increasing, yet new discoveries of the precious metal have not kept pace. Funds for exploration are historically high: $54.3 billion, up 60% over the past 18 years.Increased spending has not produced many new gold discoveries. During the past decade, 41 discoveries have resulted in only 215.5...Read More
David Stockman explains why the current market bubbles are approaching an implosion and why the next market crash may end up collapsing the monetary system.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...Read More
Chris Vermeulen of Technical Traders discusses what he believes is ahead for U.S. stocks.Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These charts presented below of the SPY (SPDR S&P 500 ETF Trust) and Transp...Read More