I'm already fatigued and disgusted with Christmas promotions. They're everywhere now, including every other ad on television. I've come to loathe the holiday season because of the extreme materialism and consumerism into which it has degenerated.That said, Wall Street has overlooked or ignored an interesting aspect reflected in Amazon.com's Q3 earnings circus. Amazon is now desperate to gene...Read More
Planalto Copper Project in northern Brazil.Lara Exploration Ltd. [LRA-TSXV] has signed a letter of intent, granting Capstone Mining Corp. [CS-TSX] the option to earn up to a 70% interest in the company's Planalto Copper Project in northern Brazil.Lara said its exploration work over the past 12 months has yielded a series of very promising drill results from the Homestead target, including hole PDH...Read More
The Mount Newman railway line in Western Australia. Source: BHP Billiton Ltd.BHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] has suspended all iron ore rail operations in Western Australia after a train carrying iron ore took off without the driver on board and travelled across the Pilbara outback before it was stopped early Monday.Local media reports said the train literally ran away after the driver b...Read More
TORONTO - Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd.The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick's portfolio.The deal would also see Randgold chief executive officer Mark Bristow mov...Read More
All political power is primarily an illusion... Mirrors and blue smoke, beautiful blue smoke rolling over the surface of highly polished mirrors.- Jimmy Breslin, American journalist and authorAh, the election midterms!It's a favorite holiday for both the media and the government.The midterms toss up a big cloud of smoke. And the media and government break out the mirrors.For them, it's better than...Read More
CloseGain/LossGold $1230.50-$2.60Silver$14.64-$0.11XAU67.14-0.07%HUI149.83+0.26%GDM544.17-0.37%JSE Gold1162.02+28.85USD96.34-0.11Euro114.11+0.16Yen88.41UNCHOil$63.10-$0.0410-Year3.201%-0.014T-Bond137.50+0.34375Dow25461.70+0.76%Nasdaq7328.85-0.38%S&P2738.31+0.56% The Metals: Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back...Read More
By Ira EpsteinGold drifts in front of tomorrow's mid-term election results.https://www.iraepstein.com/ Read More
By Clint SiegnerAmericans will be headed to the polls to cast ballots in the midterm elections. Polling suggests that Democrats will return to power in the House of Representatives. Republicans are favored to hold on to the Senate.However, political polls have proven less than reliable. There are plenty of people expecting a surprise once the votes are counted.But there are many policies that wo...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 5, 2018''Stocks are super-attractive when the Fed is loosening and interest rates are falling. In sum: Don`t fight the Fed!'' Martin Zweig, fund manager, Winning on Wall Street ''You know a country is falling apart when even the governmen...Read More
By Frank Holmes StrengthsThe best performing metal this week was platinum, up 4.29 percent as hedge funds cut their bearish platinum view to the lowest in seven months. Gold ended October with a gain for the first month in seven. The Bloomberg Intelligence (BI) Global Senior Gold Valuation Peer Group Index is headed for its biggest monthly increase since August 2017, reports Bl...Read More
By Ronan Manlyhttps://www.bullionstar.com/There has been a lot of media coverage recently about the re-emergence of central bank gold buying and the overall larger quantity of gold than central banks as a group have been buying recently compared to previous years. For example, according to the World Gold Council's Gold Demand Trends for Q3 2018, net purchases of gold by central banks in the thir...Read More
The Precious Metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bullmarket. However, the charts continue to shape up well, as we will now see. Starting with the long-term 10-year chart for gold, we see that it is approaching completion of a more or less symmetrical...Read More
By Keith WeinerTerry Goodkind wrote an epic fantasy series. The first book in the series is entitled Wizard's First Rule. We recommend the book highly, if you're into that sort of thing. However, for purposes of this essay, the important part is the rule itself:"Wizard's First Rule: people are stupid.""People are stupid; given proper motivation, almost anyone will believe almost anything. Becaus...Read More
USDX's Friday's close was its highest weekly closing prices of 2018. This is an extremely significant confirmation of the bullish outlook for the US currency that followed the verification of the breakout above the inverse head-and-shoulders pattern. The implications are clearly bullish for the US dollar. But are they clearly bearish for gold? The yellow metal ended the week close to its October...Read More
By Avi GilburtSo, I heard that good news is now bad news and bad news is now good news in the market. Or was that bad news is bad news and good news is bad news? Or, was that bad news is bad news and good news is good news? To be honest, I just can't keep up with all the convoluted ways people try to explain how to view the market based upon news. And, it changes all the time.Last week, I heard...Read More
VANCOUVER , Nov. 5, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (the Company") is pleased to announce that it has signed a flexible, unsecured working capital facility with Greenstone Resources II L.P. ("Greenstone") for up to US$10 million. The Greenstone facility is available in up to five tranches and the Company has drawn the first tranche of US$2.5 million. The Company expects to...Read More
- Eisman says U.K. is one of the biggest risks globally- He is betting against two UK banks in the lead up to Brexit- Eisman may short 50 other UK firms if "Trotskyite" Corbyn becomes UK PM- Eisman is famous for betting against the US housing market ahead of the 2008 subprime-mortgage crisisby Business Insider UKThe hedge-fund manager famous for betting against the US housing market ahead of...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
"The battle is kind of lost. I'm not even worried about the markets...I'm worried about the collapse of Western civilization itself, because of all the values that made the West what it is...these things are held in disrepute by the public at large."Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, en...Read More