September 22, 2017 – Weekly Wrap-Up with Eric Sprott

September 22, 2017 Hear Eric Sprott discuss the reaction to this week’s Fed meeting and the impact on gold and silver prices. https://soundcloud.com/sprottmoney/sprott-money-ne… Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the […]

This Small Move Could Send a Tidal Wave of Money into Gold Stocks

At 3,950 feet wide and 176 feet tall, the legendary Niagara Falls is the most powerful waterfall in North America. Straddling the border between the U.S. and Canada, Niagara sees approximately 3,160 tons of water go over its edge it every second. It’s said The Great Lakes contain 20% of the world’s freshwater. Most of […]

Outlook for the Dollar Price of Gold

Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts protect themselves with stop-losses. All the TBTF banks need is a pause in the speculator’s buying and a little good news […]

Saudi’s Response to the Oil Crisis: Buy Ford!

This post Saudi’s Response to the Oil Crisis: Buy Ford! appeared first on Daily Reckoning. “Ford Opens Its Largest Dealership Ever — In Saudi Arabia!” So reads a headline from PetrolHead Arabia, a popular online car magazine in the Middle East.1 The article goes on to highlight how the new “Al Jazirah Vehicles” dealership covers […]

Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms

– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President […]

Exxaro agrees 7.5%-10% wage deal to end Grootegeluk strike

EXXARO Resources brought a nine day strike over wages at its flagship mine, Grootegeluk and Leeuwpan to an end today after agreeing a new three-year wage agreement with the National Union of Mineworkers (NUM). Employees at Leeuwpan are expected to return to work today (September 22) whilst production at Grootegeluk will restart on September 25, […]

Weekend Reading: Yellen Takes Away The Punchbowl

September 20th, 2017 will likely be a day that goes down in market history. It will either be remembered as one of the greatest achievements in the history of monetary policy experiments, or the beginning of the next bear market or worse. Given the Fed’s inability to spark either inflation or economic growth, as witnessed […]

The Scent Of Group Stink Is As Strong As In 2000 & 2007

By Doug Kass * In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? –Kass Diary Another provocative missile launched by North Korea and another apparent terrorist attack in London, England, are, once again, overnight and early-morning features of our reality as investors and as citizens. The S&P […]

South Africa's Gold Fields says KPMG still external auditors

South African gold mining company Gold Fields said on Friday that KPMG remains its external auditor but it will continue to monitor future developments. “The Gold Fields board of directors has considered the matter and will be closely following future developments in this area. KPMG remain the company’s external auditors,” the company said in a […]

Markets Limp into the Weekend

The cycle of sanctions, recriminations, and provocative actives continues as the Trump Administration leads a confrontation with North Korea.  The US announced yesterday new round of sanctions on North Korea. Reuters reported that the PBOC has instructed its banks not to take on new North Korean clients and to begin unwinding existing relationships.  While the implementation […]

Daily Solutions – 22 September 2017

JOHANNESBURG – The JSE closed weaker on Thursday in high-volume trade, following the Reserve Bank’s decision to keep rates unchanged with interest-rate sensitive indices, such as retailers and banks, faring worst. Volumes traded amounted to more than R53bn, boosted by the quarterly futures close-out, from a daily average of about R20bn. This was despite trading […]

Acacia aims to save Buzwagi through processing adaptation

ACACIA Mining expected to restore Buzwagi to a cashflow positive position after adapting the mine’s processing method so it only produces gold bars, known as doré, until the end of its operating life in 2020. Buzwagi has been losing money since around April when the Tanzanian government imposed an export ban on gold produced in […]

Estimating Future Stock Returns, June 2017 Update

I’d say this is getting boring, but it’s pretty fascinating watching the rally run.  Now, this is the seventh time I have done this quarterly analysis.  The first one was for December 2015.  Over that time period, the expected annualized 10-year return went like this, quarter by quarter: 6.10%, 6.74%, 6.30%, 6.01%, 5.02%, 4.79%, and […]

HIVE Hits $2.27 Up 207% in 4 Days!

NIA’s #1 Cryptocurrency stock suggestion Hive Blockchain (TSXV: HIVE) hit a new all-time high today of $2.27 per share for a gain of 206.76% from NIA’s Monday morning suggestion at $0.74 per share! HIVE traded record volume today of 10.7 million shares! When NIA announced HIVE on Monday morning at $0.74 per share as its biggest […]

The Demise of the Dollar: Don’t Hold Your Breath

So let’s look at currency flows, reserves and debt. http://ads.investingchannel.com/adtags/OfTwoMinds/alternativeinvesting/300×250.js The demise of the U.S. dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments. De-dollarization is often equated with the demise of the dollar, but this reflects a […]

Interview with Kitco News: Forget GDXJ…

Finding the right mining companies to invest in is not an easy task and that’s why newsletter writer Jordan Roy-Byrne says it is important to focus attention on a few things before making your picks. Speaking with Kitco News at the Precious Metals Summit, the mining analyst and publisher of the Daily Gold newsletter said […]

Fund Manager Hussman Stands By His “Permabear” Strategy

The mission of the Hussman Strategic Growth Fund is to “outperform the broad stock market over complete market cycles…but seeks to limit its downside risk using derivatives, such as options on broad market indexes,” according to a recent article in The Wall Street Journal. John Hussman, manager of the fund, was successful in insulating investors […]

Brazil's Votorantim Metais files for New York, Toronto IPO

SAO PAULO/TORONTO, Sept 21 (Reuters) – Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices. Parent holding company Votorantim SA, Brazil’s largest diversified industrial […]