VANCOUVER, BRITISH COLUMBIA / February 7, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") has received notice of publication of its patent describing metal-air fuel cells under the Patent Cooperation Treaty (PCT/CA2016/051080). The patent application has entere...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
CommentaryBy Ira EpsteinCurrent events have injected financial markets with a solid does of volatility. Wage inflation showed up in the latest US Jobs Data numbers both here and in Germany. Japan continues to languish. Stock indices ended a vertical move to the upside, that began on January 1st and ended on January 29th. As you know gold soared at year end along with stock indices. Gold was at...Read More
Rising profitability among Chinese mills is fueling demand for high-grade iron ore, which gave prices a boost on Wednesday February 7. Metal Bulletin's 62% Fe Iron Ore Index Today: $77.20 per tonne cfr Qingdao Daily change: Up by $1.28 per tonne Month-to-date average: $75.22 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.84 per...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting as...Read More
By Jeff ClarkThere's a sneaky development underway, one that's been off the radar of most investors. It contributed to the recent stock market plunge, and if it really takes hold it has major ramifications for the three G's: groceries, gas, and gold.What is this development? Here are a few hints...US Treasury yields are now at their highest level in four years, with the two-year note hitting a 1...Read More
For weeks we've been pounding the table that the bond market was flashing "danger." Just about everyone else on the planet was claiming, "rising rates don't matter."We now know how that turned out.Indeed, High Yield Credit (junk bonds) peaked well before stocks did. Again, the debt markets were screaming trouble was coming. But 99% of investors were not prepared. The truth is that the Fed is way...Read More
Full Article: Buy This While It's Still CheapBy: Doug CaseyThe trending investment themes today, like cryptocurrencies and marijuana stocks, are too overbought to get in right now, said best-selling author Doug Casey."I'm up maybe 50 to one on [bitcoin]" Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "but I can't recommend something to people after it's go...Read More
Seaborne iron ore prices continued to strengthen on Wednesday February 7 with a few high-grade brands changing hands at higher levels, while some uncertainties have emerged over exports out of India.Key driversChinese steelmakers are again seeking high-grade iron ore such as Newman and Carajas fines amid a widening of their profit margins and expectations of a possible extension of winter restrict...Read More
By David HaggithIt took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn't call that jolting reversal a stock-market crash in the ordinary sense, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. From this point forward, it won't be the same market...Read More
By Avi GilburtOver a week ago, in my analysis to my members, I noted that, ideally, I was looking for the market to pullback and test the 2800SPX region. And, the market certainly dropped down to the 2800 region, but also broke the 2796SPX support upon which I was focused. That had me begin to focus on the 2700SPX region of support. And, today, we dropped and broke my next level of support at 27...Read More
U.S. crude production rose to its highest level ever this past reporting period and surpassed Saudi Arabia as second-ranked in the worldContinue...Read More
Iranian steel billet export prices fell by $5-10 per tonne over the week ended Wednesday February 7 with deals being reported at the lower prices.Metal Bulletin's weekly price assessment for Iranian billet exports was $485-495 per tonne fob on February 7, against $489-505 per tonne fob a week earlier.Market participants reported a cargo of Khouzestan Steel billet being sold at $485 per tonne fob o...Read More
By Mike MaloneyIn this video, Mike Maloney gives an update on the recent market volatility.Watch Mike's "Things to Come in 2018" video for his full forecast of the year ahead. Read More
"I don't think this equity-market correction is big enough yet to Continue...Read More
China's domestic rebar prices edged up further on Wednesday February 7 despite softening demand. Domestic Eastern China (Shanghai): 3,890-3,940 yuan ($619-627) per tonne, narrowed upward by 10 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 10 yuan per tonneTraders kept raising their offers bit by bit during the day gauge how much higher buyers were willing to pay. Very few...Read More
The price of no asset can move up or down in a straight line, so why should mining stocks be any different? They have been declining relentlessly for almost 2 weeks, erasing more than 10% of their value. Sharp? Definitely. Unsustainable? Perhaps. When will the turnaround take place? It depends. It depends on the bullish signs and confirmations that we get. The correct question to be asking now...Read More
"At a time of heightened geopolitical risk and negative/low real rates, investors continued to focus on gold's wealth preservation roleContinue...Read More
By JP Koninghttps://www.bullionstar.com/This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. Would it make sense to rebuild an international gold standard like the one we had in the late 1800s?...Read More
By Frank HolmesMonday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones I...Read More