Illegal gold miners invade Grace Mugabe’s farm

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About 400 illegal gold miners invaded a farm that belongs to former Zimbabwean first lady, Grace Mugabe. Local newspaper Newsday reports that Mugabe was touring the farm, located in the northern village of Mazowe which is some 40 kilometres north of Harare, when she ran into the miners. They were allegedly uprooting lemon trees, digging… Read More

What Affects the Price of Gold?

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By Christopher Aaron – March 30, 2018 Gold has been a part of the human story since the dawn of civilization. One part store of wealth, one part ornament, and one part modern technology, gold stands at the crossroads of multiple financial, religious, and industrial trends. Source: gold-eagle.com

Ford Wins Patent for Cryptocurrency-Fueled Vehicle Technology

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Americans could soon be doing cryptocurrency transactions from their vehicles and arriving at their destinations faster. A subsidiary of Dearborn, Mich.-based Ford Motors has been granted a patent by the United States Patent and Trademark Office for a cryptocurrency-fueled technology to power its cars. It’s called the Cooperatively Managed Merge and Pass (CMMP) It was filed in 2016… Read More

Why Is Russia Stockpiling Gold?

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…What should we make of the fact that the Central Bank of Russia has been steadily amassing vast gold reserves since 2015? The original article has been edited here for length (…) and clarity ([ ]) by munKNEE.com – A Site For Sore Eyes & Inquisitive Minds – to provide a fast & easy read. By the end of 2017,… Read More

Netcare to exit UK market as rental costs, NHS pressures pile up

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JOHANNESBURG — Hospital operator Netcare is exiting the UK market amid rental cost pressures and challenges with NHS. It’s a big story as certain external factors have driven Netcare to see no other option. However, in the note below, Netcare says its South African business is still ticking over strongly. What’s concerning, though, is that… Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

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In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine). DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities… Read More

Germany Approves Russia-Led Nord Stream 2 Gas Pipeline

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Authored by Tsvetana Paraskova via OilPrice.com, Germany approved on Tuesday the construction and operation of the Russia-led Nord Stream 2 gas pipeline in its territorial waters, thus issuing all necessary permits for the German section of the project that has torn Europe and EU member states over the implications of Russia’s gas giant Gazprom gaining even more… Read More

Shire Soars On News Of Possible Takeda Takeover

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Japan’s Takeda Pharmaceutical said it is considering the acquisition of Shire PLC whose market cap of $40 billion (before the announcement) makes it one of the world’s largest pharma companies. Takeda said a deal with Shire would create a global biopharmaceutical leader, strengthening the Japanese company’s core therapeutic areas of oncology, gastrointestinal disorders, and neuroscience.… Read More

Central Banks: Blockchain Will Overhaul Securities Settlements

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The European Central Bank and the Bank of Japan have released a joint report claiming that distributed ledger technology (DLT) can generate new securities settlement mechanisms, such as “cross-chain atomic swaps” among unconnected ledgers. The 52-page report is titled, “Securities settlement systems: delivery-versus-payment in a distributed ledger environment.” DLT’s Impact On Securities Delivery Project Stella,… Read More

How to Profit From This Silent Killer

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By Justin Spittler, editor, Casey Daily Dispatch General Mills (GIS) plunged 9% last Wednesday. It was the stock’s worst single-day drop since October 2008. And it all started after the cereal maker shared bad news. That day, General Mills drastically cut its profit guidance for the year. It warned that its profits will likely grow… Read More

Coincident Economic Indicators: History Suggests Recession Is Close

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Authored by Mike Shedlock via MishTalk, The Philadelphia Fed’s coincident economic activity index suggests the economy is close to recession. The Coincident Economic Activity Index is produced monthly by the Philadelphia Fed. The indexes are released a few days after the Bureau of Labor Statistics (BLS) releases the employment data for the states. The coincident indexes combine… Read More

750 contractors embark on strike at Northam’s Booysendal

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ABOUT 750 contractors at Northam Platinum’s Booysendal mine embarked on an unprotected work stoppage following a dispute over contract termination packages from employer, Murray & Roberts Cementation (MRC), the platinum firm said. The employees are being transferred to Northam Platinum as permanent employees as part of the firm’s move to become owner-operator at Booysendal –… Read More

Tesla Bond Shorts Hit Record High, Stock Slumps Below $300

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While Tesla shares have slipped but remain above Nov ’17 lows, Tesla’s bond yields have surged to a new record high (the same a Colombia) and bond short-sellers are adding as the price plunges. 99% of lendable supply for shorting Tesla’s high-yield bond has been used, sending the cost for new short positions in the… Read More

Deutsche Bank Preparing To Oust CEO John Cryan

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With Deutsche Bank shares heading back toward their 2016 postcrisis lows and yields on DB default swaps moving sharply higher, the Times of London reported Tuesday that Germany’s largest lender is planning to part ways with CEO John Cryan after the CEO fell out of favor with Supervisory Board Chairman Paul Achleitner. Though the Times… Read More

Mapping Where Global Tariffs Are Highest And Lowest

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Last week, China announced that it would retaliate against U.S. tariffs by imposing its own duties on a range of American products including apples, port and steel pipes. Last Thursday, President Trump signed an executive memorandum that could lead to tariffs being imposed on up to $60 billion of Chinese products, a move which is… Read More