The 3 Assets You Already Own

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This post The 3 Assets You Already Own appeared first on Daily Reckoning. Kim and I are all about simplifying. We like making finances simple, which is why we’ve written several books and created multiple courses to help people understand the basics of the language of money. And we support others who carry out the… Read More

Trump's "50 Bs" Is Really "36.2 Bs"

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Earlier today, president Trump prompted confusion in the market, when in his latest tweet urging the Fed to stop hiking, the president also said “Stop with the 50 B’s.” In the absence of other hints, this was taken to suggest that Trump also wanted the Fed to not only stop hiking but also end the… Read More

Trump Foundation Agrees To Dissolve Amid A "Shocking Pattern Of Illegality"

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President Trump’s charity, the Donald J. Trump Foundation, has agreed to dissolve amid allegations from the New York Attorney General’s office that it engaged in a “shocking pattern of illegality.”  However, New York Attorney General Barbara Underwood announced on Tuesday that her office will continue to pursue its lawsuit against the foundation.  As WaPo reports, the attorney… Read More

Pacific Empire expands in British Columbia

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Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada. In a media statement, the prospect generator said that the staked ground was added to… Read More

Why Are Western Elites Succumbing To Russia Conspiracy Theories?

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The West – and in particular Western elites, have taken to blaming Russia for everything from Hillary Clinton’s 2016 loss, to Brexit, to their latest target of Putin’s “nefarious designs”; the Yellow Vest movement.  To that end the New York Post‘s Sohrab Ahmari has penned an intriguing Op-Ed on the phenomenon of the West uncritically accepting tales… Read More

Australia's top gold miner boosts bet on Ecuador copper project

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Australia’s largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the promising Cascabel copper-gold project in the country’s north. The deal further bolsters Newcrest’s position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.… Read More

Jiulian Resources gets permit to drill British Columbia property

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Jiulian Resources (TSX-V: JLR) announced that it has received a five-year area-based permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to establish up to 60 drill sites and four kilometres of exploration trail for core drilling on its Big Kidd Property in British Columbia. Big Kidd is a 4,056-hectare property located… Read More

Buchanan: Can America Fight Two Cold Wars At Once?

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Authored by Patrick Buchanan, Kim Jong Un, angered by the newest U.S. sanctions, is warning that North Korea’s commitment to denuclearization could be imperiled and we could be headed for “exchanges of fire.” Iran, warns Secretary of State Mike Pompeo, is testing ballistic missiles that are forbidden to them by the U.N. Security Council. Turkish… Read More

Mike Flynn & The Deep State's Fatal Over-Reach

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Authored by James Howard Kunstler via Kunstler.com, Last Friday morning, we adjourned the blog in anticipation of Special Counsel Robert Mueller handing over certain FBI documents in the General Flynn matter demanded by DC District Federal Judge Emmett G. Sullivan no later than 3:00 p.m. that day. Guess what. Mr. Mueller’s errand boys did not… Read More

Nedbank spends R2bn in odd-lot buyback

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*This content is brought to you by Nedbank Shareholders in SA, Zimbabwe and Malawi will be paid out this week, while UK shareholders will receive payment at the end of the month Nedbank has spent close to R2bn buying back shares from the hundreds of thousands of shareholders who received equity in the bank as… Read More

Goldman Partners Ignored 'Red Flags' While Pursuing 1MDB Deals: WSJ

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As the legal scrutiny facing the infamous “Vampire Squid” intensifies (and the bank’s shares languish at two-year lows), slowly but surely, more details about the compliance shortcuts and – in some cases, outright negligence – countenanced by Goldman’s most senior employees during the bank’s pursuit of the 1MDB bond offerings that have landed Goldman at… Read More

Technically Speaking: Has “BTFD” Become “STFR”

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Kevin Wilson recently penned a piece for Seeking Alpha that made a great point about where the markets are currently. To wit: “Famous market observer Art Cashin mentioned a metaphor in October 2017 that resonated with me. He said (words to the effect that) at that moment, market players had only the protection provided by… Read More

Blain: This Is What The Big Market Theme Of 2019 Will Be

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Blain’s Morning Porridge submitted by Bill Blain “If you jump into your bed, quickly cover up your head, don’t lock the doors …” As year-end approaches at speed – only 4 more business lunches, 2 dinners, a drinks reception, and a pub booze-up, to go till She-Who-is-Now-Mrs-Blain and I go on Holiday! – its time… Read More