CDC Quarantines 195 Americans Evacuated From Wuhan, Reiterates That 'Risk To Public Is Low'

Summary: New York Post reports first Coronavirus case in Queen, but NYC health spokesman denies. Confirmed cases worldwide rise to 9,928 from 7,700 a day earlier, with 213 fatalities. UK Researchers suggests 75,800 infected in Wuhan Impact of virus “not fully reflected” in rigged China PMI number Goldman disagrees with Ross, says virus blowback will […]

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Gold Mine Output Falls for First Time Since 2008

January 30, 2020  by SchiffGold  0   0 After flat-lining over the last several years, gold mine output fell by 1% in 2019. This is further evidence that we could be heading into a long-term and perhaps irreversible decline in gold mine production. According to the World Gold Council, total gold mine output in 2019 came in at 3,463.7 […]


Coronavirus and the "Unsinkable" Titanic Analogy

Unthinkable doesn’t mean unsinkable. As we all know, the “unsinkable” Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. A half-hour after the iceberg had opened six of the ship’s 16 watertight compartments, it was not at all apparent that the mighty vessel had been fatally wounded, as there was […]

Then & Now: Portugal's Drug Decriminalization

During the 1990s, Portugal was devastated by a drug crisis where one in every 100 people became addicted to heroin and the rate of HIV infection soared to become the highest in the European Union. But, as Statista’s Niall McCarthy notes, Portugal’s radical move to put an end to the carnage should prove an example to other […]

HK's Melco cooperating with Japan casino bribery probe – source

TOKYO (Reuters) – Hong Kong casino operator Melco Resorts & Entertainment Ltd (MLCO.O) is cooperating with Japanese prosecutors in a widening bribery investigation of a senior Japanese ruling party lawmaker, a source said on Wednesday. “Tokyo prosecutors sent Melco a letter and visited the office on Jan 17 after receiving no reply,” said the source, […]

Black Royalty Minerals prevails in legal dispute over Koornfontein Coal Mine ownership

BLACK Royalty Minerals (BRM) was “ready to operationalise” Koornfontein Coal Mine (KCM) after the High Court dismissed applications seeking to interdict the transfer of the mine from business rescue to BRM’s control. Ndavhe Mareda, chairman of Makole Group of which BRM is a part, said the “hard work” of getting the Mpumalanga province coal mine […]

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Charles Nenner – If System Breaks Down Gold will be $60,000 per oz

Renowned geopolitical and financial cycle expert Charles Nenner still stands by his prediction that “gold will go to $2,500 per ounce” in the next few years. Nenner explains, “Cycles show me that gold and silver will be going up for a couple of years. . . . I take profits in a short term top, […]

China’s Coronavirus Is The New Trade War

According to analysts and economists who watch these things, Germany’s IFO Business Climate Index was expected to continue its rise. Having purportedly bottomed out back in September, like other sentiment indicators this one had been on the rebound, too, if, though, much less than those others (especially the “stimulus” loving ZEW). While maybe not suggesting […]

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Is the Market Grossly Underestimating the Potential Impact of the Coronavirus Epidemic?

The potential for a consequential disruption in China’s supply chains appears to be vastly under-appreciated. Despite the current drop in stocks (less than 1.5% as this is written), there’s a tremendous reservoir of complacency about the economic and financial impact of the coronavirus epidemic. The zeitgeist reflects an implicit confidence that the coronavirus will blow over like the […]

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Some Practical Questions about the Coronavirus Epidemic

Restrictions that allow a significant number of people to move about, either with official approval or unsanctioned “black market” activity, cannot stop the spread of contagious diseases. Like everyone else, I’ve been reading the mainstream media reports on the Coronavirus epidemic. I haven’t found any information about the practicalities that immediately occur to me, such […]

Stock Rover Review: One-Stop Shop for Comparing Stocks

How Do You Research Stocks? Some people prefer using Buffetology, Magic Formula, or even filters such as Altman-Z scores. If you’re one of them, then this Stock Rover review has got you covered. Today, we are going to take a look at Stock Rover. Stock Rover is a subscription-based analysis software service. It offers resources […]

Is Another Black Death On The Way?

Authored by Eric Margolis, Plagues from the east are nothing new… The Black Death and other epidemics arrived in Europe from China during the 1300’s, killing a large percentage of its population. Much of this pestilence came from rats that stowed away on merchant ships coming from the east. At the end of World War […]

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Junior Gold Stocks Soar, Even When Gold Doesn’t

Junior gold stocks are high-risk and high reward. In a strong gold bull market, you can throw darts at a board and come out a winner. But the absolute monster returns that add extra digits to your net worth will only come from the top companies. How High Can Junior Gold Stocks Go? The table […]

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The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares

Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged. By Wolf Richter for WOLF STREET. Following the sharp re-drop in oil and natural gas prices in late 2018, bankruptcy filings in the US by already weakened exploration and production companies , oilfield services companies, and “midstream” companies (they gather, transport, process, or […]