Trade tensions between the U.S. and China can provide opportunities in the natural resource field. The Mercenary Geologist, Mickey Fulp, in this interview with Proven & Probable's Maurice Jackson, discusses the trade war and what he believes it means for resource investors. Maurice Jackson: Welcome to "Proven & Probable," where we focus on metals, mining and more. Joining us for a conversation is...Read More
By Ronan ManlyIn early March, RT.com, the Russian based media network, asked me for comments and opinion on the subject of central bank manipulation of gold prices.The comments and opinion that I supplied to RT became the article that RT then exclusively published on its website on 18 March under the title "Central banks manipulating & suppressing gold prices - industry expert to RT". This artic...Read More
With the arrest of Nicolas Sarkozy, new investigations into the Clitnon Foundation's many crimes, and what appear to be pending indictments for Hillary Clinton herself (below), the writing is on the wall, the Clinton-Rothschild cabal is on the run. The storm is coming.BREAKING: CLINTON GRAND JURY TO INDICT ON WITNESS BRYAN PAGLIANO TESTIMONY ONCE DOJ EMAIL PROBE ENDShttps://www.youtube.com/watch?v...Read More
Fellow FAANG stocks Apple and Netflix also struggled todayThe Dow finished a roller-coaster day in the red after trading on both sides of the aisle. Upbeat economic data had the Dow up earlier, butcontinued struggles from tech heavyweights such as Apple (AAPL) ultimately dragged the blue-chip benchmark into the red. The tech-rich Nasdaq once again fared the worst of the major indexes, dropping...Read More
(Kitco News) - Bitcoin and gold investors might not be that different after all … at least when it comes to art. The latest odd buy in the art world was solid gold castings of Nelson Mandela’s hands, which were purchased for $10 million in bitcoin.The four casts were owned by South African businessman Malcolm Duncan, who already tried to unsuccessfully sell them back in 2007.Mandela w...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More
The comments above & below is an edited and abridged synopsis of an article by John RubinoThe European Central Bank has acknowledged that the euro is being sucked into a deflationary vortex. It has responded with, in effect, a massive devaluation. Eurozone citizens have responded by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They're bi...Read More
By Michael J. Kosares, USAGOLD"China's launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. 'This is the single biggest change in capital markets, maybe of all time,' Briscoe said in a follow-up tel...Read More
CloseGain/LossGold $1325.70-$18.60Silver$16.29-$0.22XAU79.64-1.97%HUI172.78-1.99%GDM605.54-2.00%JSE Gold1131.25+13.20USD90.13+0.74Euro123.06-0.98Yen93.56-1.44Oil$64.38-$0.8710-Year2.773%-0.008T-Bond145.8125+0.1875Dow23848.42-0.04%Nasdaq6949.23-0.85%S&P2605.00-0.29% The Metals: Gold saw slight gains in early Asian trade, but it then fell back off for most of the rest of th...Read More
“China’s launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. ‘This is the single biggest change in capital markets, maybe of all time,’ Briscoe said in a follow-up telephone i...Read More
Bear put spreads are a less risky alternative than purchasing a lone put A long put spread is a bearish options strategy that is usually initiated when the trader believes the underlying stock is going to decline, but has a potential downside target in mind. The two-tiered trade is an alternative to simply buying a put, reducing the investor's initial cost of entry -- and maximum risk -- on the tr...Read More
In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities now inclu...Read More
The comments above & below is an edited and abridged synopsis of an article by Ronan ManlyNineteen central banks from Germany to South Africa were asked: "In the context that central banks hold gold as a reserve asset on their balance sheets, can you clarify the main reasons why [you] continue to hold gold as a reserve asset?"The answers are varied, but with consistent themes. Many respondents cit...Read More
Sentiment is a strange thing.Investors are human beings. And human beings are irrational, particularly when it comes to money related issues. The notion that the market, as a collection of irrational people, is somehow rational is ludicrous. With that in mind, sentiment can be a powerful tool for timing market turns. If sentiment changes, but price doesn't confirm the shift, then you know you're n...Read More
- Eurozone threatened by trade wars, Italy and major political and economic instability- Trade war holds a clear and present danger to stability and economic prospects- Italy represents major source of potential disruption for the currency union- Financial markets fail to reflect the "eurozone time-bomb" in Italy- Financial volatility concerns in Brussels & warning of 'sharp correction' on horiz...Read More
(Kitco News) - Gold aremoderately lower in early U.S. trading Wednesday, on some more normal profittaking from recent good gains that saw prices hit a five-week high Tuesday. Arebound in the U.S. dollar index at mid-week is also a negative for theprecious metals markets. April Comex gold futures were last down $8.30 an ounceat $1,333.70. May Comex silver was last down $0.141 at $16.40 an ounce.Wor...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
"China's launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. 'This is the single biggest change in capital markets, maybe of all time,' Briscoe said in a follow-up telephone interview." - Kate Dugu...Read More
South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More