Turkey Will Be Ground Zero in the Next Global Debt Crisis

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This post Turkey Will Be Ground Zero in the Next Global Debt Crisis appeared first on Daily Reckoning. Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. It is literally a bridge between East and West: The mile-long […]

Head Of Ford North America "Leaving Immediately" For "Inappropriate Behavior"

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In an announcement that, in many ways, mirrors the sudden departure of former Lululemon Chairman and CEO Laurent Potdevin earlier this month, Ford announced late Wednesday that Raj Nair, an executive vice president and the president of Ford North America, would be leaving “effective immediately” due to unspecified reports of “inappropriate behavior.” An internal review […]

WTI/RBOB Rebound After Surprise Crude Draw

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Dollar strength today did not help the energy complex as WTI/RBOB slipped lower into tonight’s API data, but a surprise crude draw sparked a rebound in oil prices after hours.   API Crude -907k (+2.9mm exp) Cushing -2.644mm Gasoline +1.644mm Distillates -3.563mm After 3 weeks of builds, API reports a crude draw this week and […]

7 Highest Yielding Dividend Stocks In James Dondero’s Portfolio

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This post is brought to you by Finbox.io. Sign up for your completely FREE trial today! Highland Capital released its quarterly 13F filing with the SEC on February 14th which highlighted a number of high yielding dividend stocks that the firm owns. Although Highland Capital and James Dondero may not be a household name, it’s […]

Independence, At Some Point

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The Federal Reserve is ostensibly an independent agency of the government. Already it is beset by a contradiction. How can it be independent if it is otherwise an arm of the federal structure? It’s a problem beyond mere perception that officials have struggled to overcome since its inception. Between the Banking Act of 1935 that […]

Russiaphobia Is Out of Control

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Russiaphobia Is Out of Control Paul Craig Roberts As has been made perfectly clear, Mueller’s “indictment” of 13 Russians and 3 companies is just another hoax. See: https://www.paulcraigroberts.org/2018/02/16/result-muellers-investigation-nothing/ and: http://www.moonofalabama.org/2018/02/mueller-indictement-the-russian-influence-is-a-commercial-marketing-scheme.html All Mueller has found is a bait-click commercial marketing scheme that had nothing to do with election interference. Why is Mueller comfortable bringing a transparently […]

Southern Copper to splash $2.5 billion on Peru project

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Southern Copper Corp was declared the winner on Tuesday of the Peruvian government’s first auction of the  Michiquillay copper project, the first tender in nearly a decade. According to a statement by Southern Copper, controlled by conglomerate Grupo Mexico won the tender with a proposal to transfer $400 million to the government and pay 3% royalties. Southern Copper affirmed […]

Following “Hot Money” to Big Riches

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This post Following “Hot Money” to Big Riches appeared first on Daily Reckoning. $2.8 million in just 48 hours. That’s how much one investor made just last month. Was it luck? Or did he know something most didn’t? Either way, there is no denying this person had great timing… There’s no better feeling than a […]

Hochschild says Peru mine to bolster output this year

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Feb 21 (Reuters) – Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru, the precious metals miner said on Wednesday. The company, which also operates in Argentina and Chile, has been spending on brownfield exploration and discovered high-grade resources […]

Golden Star registers $78m change in fortunes for 2017

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GOLDEN Star closed the book on a successful 2017 financial year posting an attributable profit of $38.8m, equal to 10 cents per share, compared to a 13 cents/share loss or $39.6m loss in the previous financial year – a performance the firm’s president and CEO, Sam Coetzer said was down to strong production numbers. “In […]

Glasenberg backs SA’s Ramaphosa to “be a good president”

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IVAN Glasenberg, CEO of Glencore, expressed confidence in the newly appointed South African president, and former business partner, Cyril Ramaphosa, saying he would be “… a very good president for the country”. Glencore and Ramaphosa had interests in joint venture company Shanduka Coal which Ramaphosa, through Shanduka Group, went on to control. At the time, around […]

Russia's central bank gold hoard is now bigger than China's

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Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the U.S. The Bank of Russia in January increased its holdings by almost 20 metric tons to 1,857 tons, topping the People’s Bank of China’s reported 1,843 tons. While Russia has […]

Why Alaska Air Group’s Stock Is Primed To Take Off

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This post is brought to you by Finbox.io. Sign up for your completely FREE trial today! Acquisition of Virgin America instantly delivers hard-to-enter new markets. Premium value strategy paying off with $25 billion Leisure Enthusiast market. Wall Street analysts and my valuation models agree on potential stock price appreciation. Record-Setting Air Travel Since the end […]