Recent News

Brace For Global Economic Depression Should Trade War Escalate - John Doody

July 05, 2018 / www.kitco.com

(Kitco News)- An escalating trade war could spiral out of control andbring the world to the brink of an economic collapse on the scale of the GreatDepression of the 1930s, said John Doody, founder of Gold Stock Analyst.“We’re going to get a replay, to some extent, of the 1930sepisode where the U.S. put the Smoot-Hawley Tariff Act, imposed taxes on 20,000imports, and basically made what...Read More

Brace For Global Economic Depression Should Trade War Escalate - John Doody

July 05, 2018 / www.kitco.com

(Kitco News) - An escalating trade war could spiral out of control and bring the world to the brink of an economic collapse on the scale of the Great Depression of the 1930s, said John Doody, founder of Gold Stock Analyst.“We’re going to get a replay, to some extent, of the 1930s episode where the U.S. put the Smoot-Hawley Tariff Act, imposed taxes on 20,000 imports, and basically made...Read More

RT @tbiesheuvel: Goldman is super bullish on commodities

July 05, 2018 / www.bloomberg.com

Unfortunately, this page does not exist. Please check your URL.Read full newsRead More

Trump will focus on Russia's 'malign' activity at summits: U.S. officials

July 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump will discuss Russia’s “malign activity” during a summit with NATO leaders and follow up in a meeting Russian President Vladimir Putin to determine whether Moscow wants to reduce tensions, U.S. official said on Thursday.“The president believes a better relationship with Russia would be good for both America and Russia, but t...Read More

Copper Extends Declines as Tariffs Loom

July 05, 2018 / www.4-traders.com

By Ben St. Clair LONDON--Copper prices edged down Thursday as investors awaited tariffs from both the U.S. and China that were set to be imposed starting Friday morning. The industrial metal was down 0.17% to $6,392.50 a metric ton in late morning trade, bringing its weekly losses to 3.29%. Gold, meanwhile, fell 0.42% to $1,251.53 a troy ounce, erasing its gains from earlier in the week. After...Read More

'Billionaire' Oil Tycoon #Batista Gets 30 Years In Jail | Zero Hedge

July 05, 2018 / www.zerohedge.com

One of Brazil's richest men, Eike Batista, has received a 30-year prison sentence for bribes given to the former governor of Rio de Janeiro...Read full newsRead More

Trump focused on Kavanaugh, Kethledge for Supreme Court: source

July 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - Conservative federal appeals court judges Brett Kavanaugh and Raymond Kethledge are the two most serious contenders being considered by President Donald Trump for the U.S. Supreme Court, a source familiar with the process said on Thursday.Kavanaugh serves on the U.S. Court of Appeals for the District of Columbia Circuit. Kethledge, of Michigan, serves on the Cincinnati-based...Read More

Algold Files Preliminary Economic Assessment Technical Report for Tijirit @AlgoldResources

July 05, 2018 / bit.ly

Algold Resources Ltd. (TSXV:ALG) (the "Corporation") today announced that it has filed a technical report entitled Technical Report for the Preliminary Economic Assessment of the Tijirit Project in Mauritania (the "Report") dated July 4, 2018.Read full newsRead More

U.S. terminates funding for Zimbabwe rights groups ahead of election

July 05, 2018 / www.kitco.com

JOHANNESBURG (Reuters) - The United States has terminated funding to three Zimbabwean human rights and pro-democracy groups three weeks before an election, a move that analysts say could undermine the credibility of the country’s first post-Mugabe vote.A U.S. embassy spokesman said the decision by USAID, Washington’s aid arm, to pull the plug followed a regular internal audit that unco...Read More

Iron ore slides to seven-month low as trade war fears mount

July 05, 2018 / www.mining.com

(Bloomberg) - Iron ore's starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.Lower prices reduce income for top miners Rio Tinto Group, BHP Billiton Ltd. and Vale SA.Benchmark spot ore eased to $62.50 a ton on Thursday, the lowest since November,...Read More

U.S. services sector activity picks up; jobless claims rise

July 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. services sector activity picked up in June amid strong growth in new orders, but trade tariffs and a shortage of workers were starting to strain the supply chain, which could slow momentum in the coming months.While other data on Thursday showed private payrolls rising less than expected last month and a surprise increase in new applications for unemployment benefits la...Read More

Strait of Hormuz: the world's most important oil artery

July 05, 2018 / www.kitco.com

LONDON (Reuters) - With a third of the world’s sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.This week, an Iranian Revolutionary Guards commander threatened that Tehran will block oil shipments through the waterway in response to U.S. calls to ban all...Read More

A Gold Turnaround In Microcosm

July 05, 2018 / seekingalpha.com

Gold relief rally still expected when latest tariff tantrum ends.The latest trading session was an example of that in miniature.Dollar/gold ratio still needs to reverse in gold's favor, however.Gold caught a breather from its latest plunge on Tuesday and offered participants at least some hope of a relief rally. The rationale for a gold summer rally was actually offered in microcosm on Tuesday...Read More

Goldplay Provides Corporate Update

July 05, 2018 / bit.ly

Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - theRead full newsRead More

Healthcare Stock Could Soar in Q3, If Past Is Precedent

July 05, 2018 / www.schaeffersresearch.com

The equity boasts an 80% win rate in the July-September periodShares of medical technology concern Align Technology, Inc. (NASDAQ:ALGN) have been in a long-term uptrend since early 2016, rallying nearly 500% in that time frame. The stock recently pulled back from its record June peak, but ALGN may be in store for another leg higher, as it has been one of the best stocks to own in the third quarte...Read More

Aben Provides Shareholder Update on 2018 Exploration Season in the Golden Triangle, BC

July 05, 2018 / bit.ly

Aben Resources Ltd. (TSXV:ABN, OTCBB:ABNAF, FRA:E2L2) is pleased to provide an exploration update to its shareholders.Read full newsRead More

Still No Clear Direction, but S&P 500 Remains Above 2,700

July 05, 2018 / www.marketslant.com

There were some positive expectations ahead of the opening of Tuesday's trading session, but then stocks reversed their intraday advance and closed lower. The broad stock market continues to trade within a short-term consolidation. Which direction is next? There are still two possible medium-term scenarios.The U.S. stock market indexes lost 0.5-0.9% on Tuesday, as investors' sentiment worsened onc...Read More

Mirasol Outlines 1.4 km long Geophysical anomaly at Nico Ag-Au Project

July 05, 2018 / www.stockwatch.com

Mr. Stephen Nano reports MIRASOL OUTLINES 1.4 KM LONG GEOPHYSICAL ANOMALY AT THE RESOLUTION TREND OF THE NICO AG-AU PROJECT, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has completed this season's exploration at the Resolution trend, one of four high-grade silver-gold prospects at the 100-per-cent-Mirasol-owned Nico project, Santa Cruz province, Argentina. Highlights from the recent Resolution Tre...Read More

Mirasol Outlines 1.4 km long Geophysical anomaly at Nico Ag-Au Project

July 05, 2018 / www.stockwatch.com

Mr. Stephen Nano reports MIRASOL OUTLINES 1.4 KM LONG GEOPHYSICAL ANOMALY AT THE RESOLUTION TREND OF THE NICO AG-AU PROJECT, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has completed this season's exploration at the Resolution trend, one of four high-grade silver-gold prospects at the 100-per-cent-Mirasol-owned Nico project, Santa Cruz province, Argentina. Highlights from the recent Resolution Tre...Read More

European, U.S. shares rise on hints of tariff relief

July 05, 2018 / www.kitco.com

NEW YORK (Reuters) - Stock markets in Europe and the U.S. advanced on Thursday as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia.Shares of Mercedes-maker Daimler, BMW, Porsche PSHG_P.DE and Volkswagen (VOWG_p.DE) surged as much as 5 percent after reports of a U.S. offer to suspend tariff threats on...Read More

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