Another Day Older and Deeper in Debt

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Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day. Another day older and $3 billion deeper in debt! The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually)… Read More

Greatland finds copper, silver and gold at Australia project’s Scallywag target

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London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company’s Paterson project in Western Australia. The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence. Copper, silver and gold detected in… Read More

Congo sets deadline for plan on 11,000-megawatt hydro plant

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The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multi-billion dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11,000-megawatt facility, the first time it’s formally appointed entities to draw… Read More

Gold price tempts BofAML to wager on short-term bullish options

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The burgeoning interest in gold has reached Wall Street, with Bank of America Merrill Lynch strategists backing bullish options linked to the precious metal. A negative view on the dollar, large short positions in gold futures and investor demand for portfolio protection are some of the reasons behind the call, investment strategists including James Barty… Read More

The sky is falling

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For nine years now, every time we have an intermediate degree correction the perma-bears crawl out of the woodwork and start screaming the sky is falling. If you had listened to these people you would have missed one of the greatest bull markets in history. We had one of the most destructive bear markets in… Read More

RNC kicks off gold exploration drilling program at Australian project

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Canada’s RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site. The Toronto-based miner said, set to release third-quarter production results… Read More

Gold Price 'Set to Squeeze Bears' Again After Net Short Slashed 63%

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GOLD PRICES slipped Monday morning, dropping $12 per ounce below last week’s 2.5-month high as China’s stock market rallied at its fastest since 2015 on a raft of ‘support’ promised by Beijing, writes Atsuko Whitehouse at BullionVault.    Europe and other Asian equity markets rose less steeply, while gold prices traded down to $1221.50 per… Read More

Here's How Hungary Reduced Risk Without Forfeiting Returns

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Hungary isn’t known today as one of the world’s top gold producing countries. There was a time, though, when it accounted for around three-quarters of Europe’s entire output of the yellow metal, if you can believe it. According to historian Peter Sugar’s A History of Hungary, the central European country was a “veritable El Dorado”… Read More

Lonmin in $200m loan deal with state-backed Chinese company

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South Africa’s Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company. Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year… Read More

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

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Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post. Glasenberg (62), whose strategic brilliance has made Glencore’s — and his own — prodigious fortune, is… Read More

Midterm Elections Might Affect Gold and Silver

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The outcome of the November 6th voting will be a big deal for investors, including gold and silver bugs. The metals, perhaps more than most other asset classes, are sensitive to geopolitics. Let’s break down what the potential voting outcomes might mean for the factors currently driving the metals. Let’s start with the equity markets.… Read More

TheDailyGold Premium Update #592

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The 20-page update was published and emailed to subscribers Sunday late morning. In this update we cover most of our holdings and cover a few stocks on our watch list. This was a real meaty update. There are some buying opportunities in the sector. Source: The Daily Gold

Wolverine Mine could be sold soon

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The Yukon Minister of Energy, Mines, and Resources Ranj Pillai said this week at the provincial legislature that Yukon Zinc might sell its Wolverine Mine very soon. According to Pillai, his office has been backing a weeks-long process that involves the sale of the zinc, silver, copper, lead and gold asset to an undisclosed buyer.… Read More