By David HaggithNo, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we've seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over the media earlier in the year about those bonuses originated from an organized PR campaign run by a conservative tax group, and have mostly now ended. Amer...Read More
COLORADO SPRINGS, CO., June 25, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for June 2018 payable on July 23, 2018 to shareholders of record as of July 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico...Read More
By Clint SiegnerThe sound money movement reemerged on the national political scene a decade ago. In 2008, the financial crisis brought in a fresh wave of U.S. gold and silver investors.Ron Paul and the Tea Party advocated for limiting government and ending the Federal Reserve system. Sound money advocates made real inroads in recruiting Americans to their cause based on evidence that the nation...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 25, 2018A lie told once remains a lie but a lie told a thousand times becomes the truth.If you repeat a lie often enough, people will believe it, and you will even come to believe it yourself. Joseph Goebbels, Nazi, Minister of Propaganda 1933-1945 When a country (USA) is...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, down 0.68 percent. According to the National Association of Realtors, sales of previously owned U.S. homes fell in May for a second month due to a lack of inventory and higher asking prices. Data shows that the median sale price increase 4.9 percent year-over-year to a record of $264,800.? Ru...Read More
By PlungerFirst off, I would like to thank Rambus for allowing me the intellectual freedom to deliver to you the straight story as I see it. Our views are not always in sync but I will tell you he has not ever tried to spin my views. I understand I write here as a privilege and am presenting my honest opinion, with no ulterior motives. We just want to get these markets right and make money...Read More
By BullionStarhttps://www.bullionstar.com/Imagine a country in which banks hold virtually no cash at all. A country where if you walk into a bank branch, the clerk won't be able to help you make a deposit. A country where there's a good chance that if you grabbed a wad of cash and walked into an electronics store or a major nightclub, they wouldn't be able to assist you in buying a new computer,...Read More
By Keith WeinerLast week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let's illustrate with an example.The Fraudulent PromiseSuppose Eric works for wages. He is 50 years old. His house is paid off, he has no student loans, and owns his car outright. He has no debt (he is...Read More
By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD...Read More
After an artificial pause in 2017, US government debt has resumed its inexorable climb......the dollar has fallen by around 5%...... and inflation - even the massaged-beyond-recognition Consumer Price Index (CPI) - has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It's almost exactly unchanged from last June:Gold's failure to tak...Read More
By David Brady, CFA As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly. You'll hear a lot of people say market manipulation is a conspiracy theory, despite the fact that it has been proven in court several times in various assets classes and especially in precious...Read More
By John MauldinThe Money Isn't ThereSafety Valve StuckHaving CakeDebase as NecessaryMagical ThinkingSt. Louis, Los Angeles, Grand Lake Streams, Maine, Beaver Creek, and BostonItalian dictator Benito Mussolini at least made the trains run on time, according to legend. But other sources say the nation's railway system remained horrible under his rule (see here, here, and here).The same may be true...Read More
By Dave KranzlerA week ago Friday, the metals got clocked hard. It was a drive-by "paper gold" shooting on the Comex which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero. On Tuesday it dropped to negative 2.7. The HGNSI is an index that measures newsletters which make trading recommendations on mining...Read More
By Steve St. AngeloAfter another negative press release this morning, the major cryptocurrencies fell towards crucial support levels. According to a Zerohedge article, quoting CNBC, Japan's chief regulator launched a probe of crypto-exchanges, prompting the largest to halt new account creation, thus sending the crypto market considerably lower.The press release stated that Japan's largest cry...Read More
By David MorganI've Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us star...Read More
Turkish deep-sea scrap markets remained quiet on Monday June 25 due to the uncertainty in the market following the general elections in Turkey.Preliminary results from Turkey's presidential election on Sunday June 24 gave Recep Tayyip Erdogan a commanding lead, while his ruling Justice and Development Party (AKP) failed to win majority of the 600 parliamentary seats. However, the 'People's Al...Read More
Iron ore prices increased on Monday June 25 while lump premiums continued to rise amid ongoing restrictions on production in China's steelmaking hub of Tangshan.Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, up $0.15 per tonneMetal Bulletin 58% Fe Premium Index: $53.06 per tonne cfr Qingdao, down $0.51 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently A Radic...Read More
Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More