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

Idaho reaches deal over silver-lead abandoned mine

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The state of Idaho and the Idaho Conservation League reached a tentative settlement around a lawsuit filed by the latter, whose members say Idaho officials are discharging arsenic and other pollutants from the abandoned Triumph silver and lead mine into the east fork of the Big Wood River. Such actions would be in violation of… Read More

COT Silver Report – October 19, 2018

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  Silver COT Report: Futures Large Speculators Commercial Long Short Spreading Long Short 72,203 87,030 15,653 77,622 82,446 68 -7,355 -976 -543 7,836 Traders 113 66 40 41 39 Small Speculators Open Interest Total Long Short 199,398 Long Short 33,920 14,269 165,478 185,129 996 40 -455 -1,451 -495 non reportable positions Positions as of: 166… Read More

Europe to spend billions on lithium-ion battery plants

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One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk. That’s why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said… Read More

Mainstream media acknowledges China will likely compel Saudi’s to sell oil in RMB, causing major hit to dollar and Petrodollar

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In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..