Toronto, Ontario - April 6, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Eric Sprott announces that today 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 1,000,000 common shares of Garibaldi Resources Corp. (TSX.V: GGI) pursuant to two private agreements at a price of $2.50 per share for total consideration of $2,500,000 (the "Acquisition").These 1,000,000 s...Read More
Steel scrap prices in the major global markets have shown strong declines following the sharp fall in Turkish imported scrap values during the working week from Monday April 2 to Friday April 6.Taiwanese and US scrap prices did remain stable but the pressure on US prices as strengthened over the week.Turkey importsTurkish import scrap prices fell sharply after steel producers managed to get lower...Read More
People often tell themselves that they will start their new diet, new exercise regime, or their new life, tomorrow. Either they are too stressed with stuff today, or need one last day to relax before permanently making the change. Then tomorrow comes, and the cycle repeats. What is happening in cases such as these is referred to in philosophy as a conflict of volitions. Harry Frankfurt, a philosop...Read More
Trading activity in the Indian import scrap market will only pick up again if prices drop by at least $10 per tonne, market sources told Metal Bulletin on Friday April 6.Disappointing domestic finished steel prices and uncertainty over the Section 232 import tariffs on steel in the United States have caused consternation in the Indian scrap markets during recent weeks. Sources said that prices wou...Read More
CloseGain/LossOn WeekGold $1333.00+$6.70+0.54%Silver$16.36-$0.03+0.12%XAU81.54+0.09%+0.52%HUI177.59+0.71%+1.24%GDM616.10+0.66%+0.61%JSE Gold1118.06+32.49-0.83%USD90.10-0.38+0.04%Euro122.83+0.45-0.17%Yen93.61+0.51-0.47%Oil$63.54-$1.48-2.16%10-Year2.777%-0.059+1.28%Bond146.03125+1.125-0.26%Dow23932.76-2.34%-0.71%Nasdaq6915.11-2.28%-2.10%S&P2604.47-2.19%-1.38% The Metals: Go...Read More
Comex copper prices once again experienced selling pressure on Friday April 6 morning in the US, with trade talks between China and the US hitting a critical juncture. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.55 cents or 0.8% to $3.0490 per lb. Overnight, US President Donald Trump announced further tariff considerations against Chinese product...Read More
"I hate gold. Gold is a religion...I do not see it as an alternative to currency."Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network AXS TV. He is also a "shark" investor on the television series Shark Tank. In 2011 Cu...Read More
Real estate tends to ride an emotional rollercoaster, as anyone who made it through the 2000s can attest. But in some ways the current market is even stranger than those of past cycles. Consider: Home buying market so brutal, some home buyers make offer sight unseen(CNBC) - This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purch...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Peter Boockvar is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey. He is also the Co-Chief Investment Officer for Bookmark Advisors, an asset management firm and a member of Advisory Services Network, LLC. Prior to joining The Lindsey Group, Peter spent a...Read More
Base metals prices on the London Metal Exchange are for the most part weaker this morning, Friday April 6, following further announcements from the White House of increased tariffs against China. The main movers are nickel (-1.2%), copper (-0.9%) at $6,755 per tonne, lead (-0.7%) and zinc (-0.5%), while tin and aluminium are little changed.Volume remains light with 2,931 lots traded as of 07.31 am...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
We're told that the U.S. has trade deficits with many nations. Many people believe that this is a bad thing that cannot continue. But are they right? Ron Paul discusses on today's Liberty Report.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifest...Read More
By Gary TanashianWe began months ago, noting the 3 Amigos destined for their goals. Here's a post from November 2017 explaining the macro fundamentals involved:Updating the 3 Amigos of the MacroAmigo #1 (SPX vs. Gold): Either reach major theoretical resistance (it's a ratio, after all) or abort mission by establishing a downtrend.Amigo #2 (10yr yield to 2.9% and 30yr yield to 3.3%): Destinations...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
CloseGain/LossOn WeekGold $1333.00+$6.70+0.54%Silver$16.36-$0.03+0.12%XAU81.54+0.09%+0.52%HUI177.59+0.71%+1.24%GDM616.10+0.66%+0.61%JSE Gold1118.06+32.49-0.83%USD90.10-0.38+0.04%Euro122.83+0.45-0.17%Yen93.61+0.51-0.47%Oil$63.54-$1.48-2.16%10-Year2.777%-0.059+1.28%Bond146.03125+1.125-0.26%Dow23932.76-2.34%-0.71%Nasdaq6915.11-2.28%-2.10%S&P2604.47-2.19%-1.38% The Metals: Go...Read More
This article was written for Miles Franklin by Gary Christenson. Neither Miles Franklin nor Christenson run a lemonade stand.Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies."Dad, I'm excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell." Timmy looked up at his father and sm...Read More
Local prices for flat steel goods in Brazil were stable for the second week in a row in early April, with new price adjustments expected only in June.Metal Bulletin's monthly price assessment for Brazilian hot-rolled coil (HRC) was steady month on month on Friday April 6, at 2,500-2,600 Reais ($750-780) per tonne ex-works.Over the same period, Metal Bulletin's monthly price assessment for Brazilia...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies."Dad, I'm excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell." Timmy looked up at his father and smiled in anticipation."Great job! This'll be a learning experience. Here comes your first customer." James, his father, wanted t...Read More
Cranbrook, B.C., April 6th, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") (the "Company") announces that it has completed a special meeting approving the spin-out of certain Saskatchewan gold assets into a separate company named Taiga Gold Corp ("Taiga"). 99.7% of voters approved the Plan of Arrangement transaction in addition to other business put before the shareholders. Under terms of the...Read More