Tom PolansekCHICAGO (Reuters) - Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropriate.“Fiscal policy has been much more supportive of further growth and so the need for accommodative monetary policy...Read More
BEIJING (Reuters) - Chinese state media on Sunday called on industrial and commercial sectors in the United States to rally against President Donald Trump’s plans for an additional $100 billion in tariffs against Chinese goods.Trump threatened the extra tariffs after China last week imposed $3 billion of tariffs on U.S. fruits, nuts, wine and pork, just hours after the United States unveiled...Read More
Chilean copper producer Codelco has reached an agreement with unionized workers at its Radomiro Tomic division for a new labor contract, thereby avoiding the risk of a strike action.Nearly 70% of the voting workers approved the company's latest wage offer, which proposes a 1% real pay rise and a net end-of-negotiations bonus of 8.75 million Chilean pesos ($14,496), the state-owned miner said on Fr...Read More
ACCRA (Reuters) - Six construction workers have been killed in an accident at Newmont’s Ahafo gold mine in Ghana, forcing the surface mine to suspend its operations, a local Newmont manager said on Sunday.The workers died after a tunnel roof collapsed on them at the construction site of an expanded gold processing plant on Saturday.Two others who sustained minor injuries are out of hospital,...Read More
Andrew Torchia, Bernardo VizcainoDUBAI/SYDNEY (Reuters) - In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion is playing a new role in financial engineering.A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of...Read More
Matt Spetalnick, David BrunnstromWASHINGTON (Reuters) - North Korea has told the United States for the first time that it is prepared to discuss the denuclearization of the Korean Peninsula when North Korean leader Kim Jong Un meets President Donald Trump, a U.S. official said on Sunday.U.S. and North Korean officials have held secret contacts recently in which Pyongyang directly confirmed its wil...Read More
When an entity needs to borrow ever-greater amounts of money to survive, the markets - that is, the people who are being asked to lend the money - eventually rebel. This rebellion takes the form of rising interest rates as lenders demand a higher return to compensate for the extra risk, and falling credit scores as rating agencies are forced by the markets to face reality.Then one of two things ha...Read More
When an entity needs to borrow ever-greater amounts of money to survive, the markets - that is, the people who are being asked to lend the money - eventually rebel. This rebellion takes the form of rising interest rates as lenders demand a higher return to compensate for the extra risk, and falling credit scores as rating agencies are forced by the markets to face reality.Then one of two things ha...Read More
Jersey City Mayor Steven Fulop practically wiped out a couple’s retirement with the stroke of a pen.He decided to issue an executive order banning the demolition of any homes for six months.During those six months, Fulop wants the city council to pass new laws, “which will better protect the City’s culturally, historically and/or architecturally significant buildings and structur...Read More
"Gold has to break above $1,385 per ounce. It has been unable to get near there...The next big number will be $1,450. When it solidifies over that, we forecast a jump to the $2,000 range. Gold is the ultimate safe haven asset. It has not been acting like that during this market shift."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the...Read More
By Ed Steer07 April 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price was up about seven bucks or so by around 9:20 a.m. China Standard Time on their Friday morning, but at that moment, the dollar index was turned higher -- and gold turned lower. By shortly before 9 a.m. BST in London, the price was down a bit over four dollars. It didn't do a lot until about...Read More
Six people were killed and two were injured after the roof of the reclaim tunnel at the Ahafo Mill Expansion project in Ghana collapsed. The project is run by US-based Newmont Mining Corporation (NYSE: NEM).The site is located in the Brong Ahafo region, some 307 kilometres from Accra. Other workers were evacuated and operations have been suspended to allow for an investigation into the causes of t...Read More
By John MauldinThe Best of TimesDashed SurplusGrowth Is the CureThe Great ResetCharlotte, Fort Lauderdale, Chicago, and RaleighThe future is tantalizing because it is both unknown and unknowable. At best, we can make educated guesses about tomorrow or next year. Sometimes, it's actually hard to understand what happened in the past, much less to chart how the future might unfold.The problem is th...Read More
The former first lady's police report did not deter them. Quite the opposite happened. Local media in Zimbabwe report today that a larger group of artisanal miners has settled on Grace Mugabe's farm in Mazowe, about 40 kilometres north of Harare. The miners say they won't leave unless president Emmerson Mnangagwa asks them to.The new arrivals have started digging for gold using pickaxes, hoes and...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:EXUAUDDescriptionExplaurum Ltd are a gold focused junior, late stage development companyLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/08/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$48.08M$48.08M04/08/2018$0.00MTotal Assets:$12.67M$12.67M04...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:KINAUDDescriptionKin Mining are a gold focused junior near-term producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/08/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$51.49M$51.49M04/08/2018$0.00MTotal Assets:$13.05M$13.05M04/08/2018$0.00MTo...Read More
By Steve St. AngeloAs the U.S. and global oil industry continues to disintegrate under the weight increased debt and the Falling EROI - Energy Returned On Investment, analysts are still suggesting that solar and wind power are the solution to our energy problems. While there are many good reasons solar and wind can't provide us with the necessary energy needs in the future, the most import one...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:CDTAUDDescriptionCastle Minerals Ltd are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/08/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$4.20M$4.20M04/08/2018$0.00MTotal Assets:$0.84M$0.84M04/08/201...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:CAIAUDDescriptionCalidus Resources are a gold focused junior, late stage development companyLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial04/07/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$57.56M$57.57M04/07/2018$0.01MTotal Assets:$13.35M$13.3...Read More