Mess With Central-Bank Independence at Your Peril ... There are worrying signs that, against the current backdrop of record-low interest rates, politicians are tempted to start meddling. -BloombergThe idea of nationalizing banks is probably part of a continued strategy to destroy local and regional central banks in favor of one that is worldwide.It is surely true that the indefensible nature o...Read More
70 Nobel Laureates Endorse Hillary Clinton ... A group of the world's leading experts in science, medicine and economics threw their support behind Hillary Clinton on Tuesday, endorsing the Democratic presidential candidate and arguing that her election is crucial for safeguarding freedom and preserving a constitutional government.The Nobel Prize long ago turned into a meme that reinforces speci...Read More
Imperial Metals escaped charges from its 2014 Mount Polley tailings breach near the city of Williams Lake, but the company isn't going to dodge new legal actions coming its way.Today, MiningWatch, backed by more than a dozen of other non-profit organizations including Amnesty International, Clayoquot Action, and Wilderness Committee, announced its plans to file a private prosecution under Canada's...Read More
Canadian Yamana Gold (TSX:YRI) (NYSE:AUY) is set to spin off its Brio Gold subsidiary, which operates non-core assets in Brazil, as a standalone public company.This is not the first time the Toronto-based mid-sized gold producer tries to divest the three Brazilian mines owned by its local unit. Late last year, the company attempted to sell some of its 100% stake in Brio through a private share pla...Read More
Production of cobalt, used in the lithium batteries that power everything from smartphones to electric cars, is set to soar in the Democratic Republic of the Congo (DRC), thanks to the country's low operating costs and strong projects pipeline, a new study published Tuesday shows.Analysts a BMI Research, a division of Fitch Group, estimate the country's cobalt output will jump from 66.2 thousand t...Read More
A massive gold-copper mine planned for northwest B.C.'s Golden Triangle would have a higher capital cost but lower operating costs and a smaller environmental footprint, according to a revised plan.Seabridge Gold Inc. (TSX:SEA) recently updated its plans for the proposed Kerr-Sulphurets-Mitchell (KSM) mine 65 kilometres northwest of Stewart with a preliminary economic assessment and an updated p...Read More
The public release, via WikiLeaks, of purloined e-mails and documents related to Hillary Clinton and her campaign has produced starkly different reactions. On the whole, the news media is nonplussed.- BloombergThis Bloomberg article makes the case that none of the emails released by WikiLeaks provides evidence of wrongdoing by Hillary Clinton.Is suggests that the leaks "may or may not be part of a...Read More
The public release, via WikiLeaks, of purloined e-mails and documents related to Hillary Clinton and her campaign has produced starkly different reactions. On the whole, the news media is nonplussed.- BloombergThis Bloomberg article makes the case that none of the emails released by WikiLeaks provides evidence of wrongdoing by Hillary Clinton.Is suggests that the leaks "may or may not be part of a...Read More
An informal chat on the current state of the mining investment world.How 100% is just the beginning in a bull market and what should we do with this money?Follow Jay @ Fifighter.comFollow Nick @MiningBookGuyFollow me on:https://twitter.com/TheNextBigRushhttps://www.facebook.com/TheNextBigRushRead More
Please check out our new paid sponsor, Grant Stone Shoes, and enter promo code "gold" for a 10% discount! https://www.grantstoneshoes.com/Wall St for Main St welcome back Doug Casey! He is an speculator, entrepreneur, libertarian philosopher and co-author of a new novel called Speculator.Be sure to check out Doug's new book on Amazon! https://www.amazon.com/Speculator-Hig... What did we talk about...Read More
A Peruvian farmer who died Friday during protests against MMG's giant Las Bambas copper mine, which came online this year, was shot to death, authorities have confirmed Monday.Interior Minister Carlos Basombr?-o said the victim died from a bullet wound to the head, presumably fired by Peruvian police while they attempted to disperse more than 200 protesters who had blocked an access road to the mi...Read More
The full delivery of minerals processing equipment to the Qulong copper mine covers engineering, a full scope of advanced minerals processing equipment and advanced process control system including 6 crushers, 8 semi-autogenous grinding mills and 8 ball mills, 8 stirred mills, 4 vertical plate pressure filters and 16 vibrating screens, as well as related services like installation, start-up, commi...Read More
The chair of the Kimberley Process (KP), organization that regulates the global diamond industry, is calling for a permanent body belonging to or backed by the United Nations to help oversee the trade of precious gems.The initiative, currently headed by UAE's Ahmed bin Sulayem, believes that discussing the possibility of installing a Permanent Secretariat under the mandate of the UN at the next m...Read More
Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, will lose its iconic chairman and chief executive officer early next year, as Doug Oberhelman has decided to retire effective March 31 after more than 41 years with the company.Traditionally, CAT's top executives have remained in their positions beyond age 65. The fact that Oberhelman is retiring at 63 suggests he is leaving ahead...Read More
South Africa's Harmony Gold (JSE:HAR) (NYSE:HMY), the world's fifth largest producer of the precious metal, said Monday that production in the three months to September was about 10% percent higher than the previous quarter.After losing money for three years to 2015, Harmony is now focused on finding ways to offset falling production at its South African operations.However, the 514,000 ounces o...Read More
Millennials believe George W Bush killed more people than Stalin, finds survey … One third of younger generation respondents believe that more people were killed under the Republican's tenure than the former Soviet Union dictator … According to a new survey, one third of millennial, generation "X" and "Z" respondents believe that more people were killed while Bush was US president th...Read More
Nevsun Resources Ltd. [NSU-TSX, NYSE MKT] announced assay results from drilling of the Upper Zone at the company's high-grade Timok copper-gold project located in the historic Bor mining district in eastern Serbia. These excellent results continue to confirm the continuity and the high-grade nature of the Upper Zone.HIGHLIGHTSNew massive and semi-massive sulphide intersections include:TC150099:...Read More
Millennials believe George W Bush killed more people than Stalin, finds survey … One third of younger generation respondents believe that more people were killed under the Republican's tenure than the former Soviet Union dictator … According to a new survey, one third of millennial, generation "X" and "Z" respondents believe that more people were killed while Bush was US president th...Read More
SAVANNAH probably the most beautiful yacht in the world... at the moment . She is a Feadship hybrid superyacht that operates like an old fashioned submarine, she basically has normal engines and a battery pack. The captain can use the lithium-ion battery pack to keep her silent when operating at low speeds and can use it for added power when needed as well. This yacht is owned by Lukas Lundin of t...Read More
Investor's Digest of Canada technical analyst Brian Hoffman says rising wedge patterns have formed in the precious metals sector, the oil patch, financial companies and with broader market indexes. A larger correction in the iShares S&P/TSX Global Gold Index would signal the prices of gold stocks have become spring loaded. He picks three to watch.One of the most bearish patterns in technical ana...Read More