The gold move up $100 and $50 pullback on the Brexit vote is hard to understand and put together.Supposedly, and commonly reported, gold is a safe haven, the exit vote was not expected, and so the uncertainty of the move drives people to gold.Nope, nope, nope, that's how things might work, but I don't see that at all.The EU is socialism; a dying socialist basket case.Britain getting out of that sh...Read More
Vancouver - June 23, 2016 | Imperial Metals Corporation ("Imperial" or "Company") (III-TSX) reports that the Ministry of Energy and Mines and the Ministry of Environment have issued the necessary authorizations to allow Mount Polley Mine ("Mount Polley") to return to normal operations making use of its repaired and buttressed Tailings Storage Facility ("TSF").Over the past two years the management...Read More
It was a tale of two markets on Friday as the shares of diversified mining majors were dumped and gold stocks surged after the UK's vote to leave the European union wreaked havoc on financial and commodity markets.In massive volumes in afternoon trade on Friday gold futures in New York for delivery in August, the most active contract, was priced at $1,321 an ounce after earlier in the day peak...Read More
British citizens have dealt the world's political, financial and business scenes quite a blow by voting to leave the European Union, a historic decision set to bring uncertainty as it reverses all past efforts of integration on which the old continent's stability has rested upon in recent years.The unexpected 52% to 48% result of the referendum in favour of the exiting option drove Prime Minister...Read More
Brexit: What happens now? ... David Cameron announces he will step down as PM by Oct ... Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union. Mr Cameron made the announcement in a statement outside Downing Street after the final result was announced. He said he would attempt to “steady the ship” over the coming weeks and months. -BBC...Read More
Exclusive: Prominent GOP Neoconservative to Fundraise for Hillary Clinton A prominent neoconservative intellectual and early promoter of the Iraq War is headlining an official campaign fundraiser for Hillary Clinton next month, Foreign Policy has learned. -FPThe husband of State Dept. political agitator Victoria Nuland is raising money for Hillary.According to Foreign Policy, Robert Kagan, co-fo...Read More
Donald Trump’s much-anticipated speech attacking Hillary Clinton Wednesday seemed more designed to reassure the candidate’s Republican base than to broaden his appeal to independents or Democrats. The fact is Trump raised valid questions about Clinton’s foreign policy positions, fund-raising practices and email quandary — but he did so in his vintage over-the-top fashion,...Read More
Do the Experts Know Anything? ... This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end decide to stay in the EU. Didn't wor...Read More
Brexit: What happens now? ... David Cameron announces he will step down as PM by Oct ... Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union. Mr Cameron made the announcement in a statement outside Downing Street after the final result was announced. He said he would attempt to “steady the ship” over the coming weeks and months. -BBC...Read More
Exclusive: Prominent GOP Neoconservative to Fundraise for Hillary Clinton A prominent neoconservative intellectual and early promoter of the Iraq War is headlining an official campaign fundraiser for Hillary Clinton next month, Foreign Policy has learned. -FPThe husband of State Dept. political agitator Victoria Nuland is raising money for Hillary.According to Foreign Policy, Robert Kagan, co-fo...Read More
Donald Trump’s much-anticipated speech attacking Hillary Clinton Wednesday seemed more designed to reassure the candidate’s Republican base than to broaden his appeal to independents or Democrats. The fact is Trump raised valid questions about Clinton’s foreign policy positions, fund-raising practices and email quandary — but he did so in his vintage over-the-top fashion,...Read More
Do the Experts Know Anything? ... This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end decide to stay in the EU. Didn't wor...Read More
While base metals have enjoyed a good 2016 so far with only lead (-5%) in negative territory for the year and the likes of zinc (+27%) and tin (+18%) entering bull markets, molybdenum is making a star turn.A metric tonne of molybdenum on the London Metal Exchange fetched $16,500 on Thursday after customs data from China showed imports of concentrate and oxides surged 131% in May. Over the first f...Read More
On November 11, 1947, Winston Churchill, then ex-Prime Minister of the United Kingdom, rose to speak at a debate in the House of Commons:"Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise.Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tr...Read More
Donald Trump’s Latest Distortions on Hillary Clinton ... A look at Trump's assertions about Clinton on Wednesday and how they stack up with the facts ... Donald Trump's fierce denunciation of Hillary Clinton on Wednesday was rife with distortion. -AP/FortuneThis article by the AP posted at Fortune attempts to counteract distortions in yesterday's speech about Hillary Clinton by Donald Tr...Read More
Why the Fed’s Stress Tests Aren’t Credible ... For the sixth year in a row, the U.S. Federal Reserve is conducting stress tests to see whether the country’s largest banks can withstand a severe crisis. If only the results, to be announced this week and next, were more useful. -BloombergFederal Reserve stress tests for banks are a fantasy.They don't address contagion, for one th...Read More
The Federal Reserve Says U.S. Stocks Are Overpriced ... It's the starkest warning yet under Chair Janet Yellen. The Federal Reserve on Tuesday delivered its starkest warning yet under Chair Janet Yellen that by its assessment U.S. stocks are pricey. "Forward price-to-earnings ratios for equities have increased to a level well above their median of the past three decades," the Fed's twice-annua...Read More
Here’s Why Libertarian Candidate Gary Johnson Isn’t Ready for Primetime ... American voters will need more details to jump to a third party candidate like Johnson. The Libertarian Party had one of its most high-profile tests in its history on Wednesday night when both members of its 2016 presidential ticket answered questions during a town hall aired on CNN. They might want to ask...Read More
Flat Earth PSYOP: CIA Black Op Designed to Destroy the Truth ... There is an insidious conspiracy at work throughout the entire Internet which seeks to destroy Truth Movements everywhere. One of its organs of mischief is known as the Flat Earth Society (FES) and its explicit purpose is to take down every single truth-oriented website, blog and/or organization which permits an open comment sect...Read More