The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
(Kitco News) - Despite bears being in control of bitcoin’s trading action lately, as the price level remains stuck at around $14,000, negative opinions about the popular cryptocurrency are being tamed.The latest example is Jamie Dimon, CEO of J.P. Morgan Chase, who told Fox Business on Tuesday that he “regrets” calling bitcoin a “fraud” back in September.Dimon said he...Read More
Gertrude Chavez-Dreyfuss, Trevor HunnicuttNEW YORK (Reuters) - The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market.Bitcoin’s 1,500 percent surge last year has stoked investor demand for any product with exposure to the red-hot asset. A host of companies are jostling to launch exchange-traded funds which would open up the cryp...Read More
WASHINGTON (Reuters) - The U.S. government has approved the sale of anti-ballistic missiles to Japan to defend itself against a growing nuclear and missile threat from North Korea, a State Department official said on Tuesday.News of the sale comes as North and South Korea hold their first talks in more than two years aimed at solving the crisis over the North’s nuclear missile program.The mi...Read More
Add Mike Novogratz to the list of investors looking to Canada for a quick route to public markets to tap the latest crazesRead full newsRead More
Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More
Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More
While world stocks are on their longest streak (without a 5% correction) in history, the last few weeks have seen that exuberance accelerate with MSCI World now at its most 'overbought' since the summer of 1987... and we know what happened next.Read full newsRead More
Mr. Paul Huet reports KLONDEX ANNOUNCES A REDUCTION IN UNDERGROUND OPERATIONS AND WORKFORCE AT TRUE NORTH AND EXECUTIVE MANAGEMENT CHANGE Klondex Mines Ltd. has made a change in operations in Canada, which includes the immediate reduction of underground mining operations and work force at its True North mine in Manitoba, Canada.Following an extensive review of recent operational performance at Tru...Read More
Mr. Paul Huet reports KLONDEX ANNOUNCES A REDUCTION IN UNDERGROUND OPERATIONS AND WORKFORCE AT TRUE NORTH AND EXECUTIVE MANAGEMENT CHANGE Klondex Mines Ltd. has made a change in operations in Canada, which includes the immediate reduction of underground mining operations and work force at its True North mine in Manitoba, Canada.Following an extensive review of recent operational performance at Tru...Read More
The company, which was formed last year from the combination of NewCastle Gold, Anfield Gold and Trek Mining, says 2018 will be a milestone year.Read full newsRead More
TORONTO, ONTARIO--(Marketwired - Jan. 9, 2018) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at December 31, 2017 was CAD$506.0 million or CAD$3.82 per share. As at December 31, 2017, UPC's uranium investment portfolio consisted of the following:(in thousands of Canadian dollars, except quantity amounts)QuantityFair ValueInvestments in Uranium: Uraniu...Read More
The fact that gold pricing is trading under pressure is not a big surprise, and actually can be viewed as a well-needed pause in the rally currently underway. After trading to $1238 per ounce in mid-December of last year, gold prices have gained almost $90 before hitting resistance at $1327 late last week.Historically speaking, rallies in the precious yellow metal will move pricing roughly $100 du...Read More
The fact that gold pricing is trading under pressure is not a big surprise, and actually can be viewed as a well-needed pause in the rally currently underway. After trading to $1238 per ounce in mid-December of last year, gold prices have gained almost $90 before hitting resistance at $1327 late last week.Historically speaking, rallies in the precious yellow metal will move pricing roughly $100 du...Read More
FTSE 100 closes at new peakUS stocks resume gains, Dow Jones up 120 pointsMorrisons shares up after Christmas sales impressTesco down despite sales topping UK supermarkets in latest data FTSE 100 closed at a new record high on Tuesday as supermarkets bolstered the top tier index and Wall Street was back on the winning streak.Britain's blue-chip benchmark closed up over 34 points at...Read More
SANAA: A threat by Houthi militias to cut off vital Red Sea shipping routes is a "flagrant" challenge to international law, according to a Yemeni minister. Abdul-Raqib Fat'h, a minister and chairman of the Yemeni Higher Relief Committee, said in a statement to a Yemeni news agency, and quoted by SPA, that the threat to cut off international navigation in the Red Sea is an "open and flagrant challe...Read More