As Jordan explained to us last month, we’re still not seeing higher highs and higher lows in the gold price. His opinion was again confirmed. Every time gold approaches $1350 per ounce, there’s a dramatic pullback. Until gold breaks this key resistance point, with conviction, not much is going to happen. Unfortunately, until further notice,… Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company’s rights offering in March that raised C$5.25 million. Barron… Read More
[Reuters] Wall Street jogs in place in quiet trading session [Reuters] Oil jumps on U.S. plans to tighten Iran sanctions; dollar eases [Reuters] Treasuries -Steeper yield curve kicks off $237 bln auction week [Reuters] Herman Cain withdraws from consideration for Fed seat, Trump says [CNBC] Sales of the cheapest and swankiest homes are tanking, but for very different reasons [WSJ] Social… Read More
By: David Gordon Libertarianism. By Eric Mack. Polity Press, 2018. Vi + 167 pages. + online bonus chapter http://politybooks.com/wp-content/uploads/2018/07/Mack-Libertarian-FINAL-Online-Chapter-pdf.pdf Eric Mack, for many years a philosophy professor at Tulane University, has a well-deserved reputation as a critic of philosophical arguments, and that talent is on abundant display in Libertarianism. In what follows, I shall comment… Read More
Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company’s market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold… Read More
This post Uber v.s. Taxi: Which Saves You More? appeared first on Daily Reckoning. If you’ve been following the news lately, you’ve heard that popular ride-hailing app Uber is planning to go public. Uber is reportedly seeking to raise about $10 billion in a deal that could value the ride-hailing giant at $100 billion. Experts… Read More
It is the shadows what really matter. A big enough problem in them would affect pretty much everything, including far off, out-of-the-way places like federal funds. Thus, if we observe weird things going on there we can infer more serious issues back where it does mean something. In 2013 and 2014, the Federal Reserve was… Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his. We can face reality by swallowing the “red pill” (from the movie “The Matrix). This choice is uncomfortable because it opposes the propaganda from mainstream media, government statisticians, and Wall Street cheerleaders. The “red pill” road is difficult and sometimes lonely. Gold is… Read More
Massachusetts Institute of Technology librarian condemns libraries because they proliferate whiteness and white male oppression What to do? Burn down the libraries? Is the West commiting cultural self-genocide? Is this what happens when white people bring their opponents into their camp? Is there any Western institution that hasn’t brought the Trojan Horse of multiculturalism inside… Read More
The Orchestration of Russiaphobia Is The Prelude To War Paul Craig Roberts The Russian Embassy in Washington has prepared an accurate 121-page report, THE RUSSIAGATE HYSTERIA: A CASE OF SEVERE RUSSOPHOBIA. https://washington.mid.ru/upload/iblock/3c3/3c3d1e3b69a4c228e99bfaeb5491ecd7.pdf Everyone should read this report. It documents the fake news, lies, violations of diplomatic standards and international law, and gratuitous aggressive actions taken… Read More
Sen. Elizabeth Warren (D-MA) has called for the cancellation of approximately $640 billion in outstanding student loan debt which would benefit people based on income, according to Politico. The plan would eliminate up to $50,000 in student loan debt for anyone with under $100,000 in annual household income. This would diminish for people with incomes… Read More
Authored by Masanari Takada, Nomura Tokyo, “FOMO” in global and US equity: Market heading for a cooling-off period? US stock markets were closed on Friday, leaving CTAs and other speculative investors with little to do. We expect the sustainability of the long-running rally in US equities and global equities to be tested this week (starting 22… Read More
Maxine Waters Needs to Subpoena Details of the Fed’s Dirtiest Bailout By Pam Martens and Russ Martens: April 22, 2019 ~ Based on data that Wall Street On Parade has newly compiled, there is a strong suggestion that the Federal Reserve conspired with at least three of the largest Wall Street firms to hide… Read More
Just days after the shenanigans of the Turkish central bank were exposed for the entire world to see, when as the FT reported – at great danger to its Turkish subscriptions and the freedom of its reporters in Turkey – that the country’s real FX reserves of $12 billion were half of the $24 billion… Read More
Toronto-based Pelangio Exploration (PX:TSX-V) announced that its exploration team has started a limited drilling program at the company’s Dome West property located in Timmins, Ontario. Dome West, formerly controlled by Central Porcupine Mines, is a 56-hectare land holding that is adjacent to the former Paymaster Mine property and separated by some 800 metres from Goldcorp’s… Read More
Crescat Capital’s Quarterly Investor Letter Q1 2019, Authored by Kevin Ludolph, The year-to-date rally in global risk assets after the Fed flip appears to us to be a last gasp of speculative mania for the current economic cycle. In our view, three flawed narratives are driving late-cycle euphoria in financial markets today: “Central banks can always prevent… Read More
Following February’s almost unprecedented 11.8% surge in existing home sales, March was expected to see a contraction of 3.8% MoM, but fell more and February was revised weaker. Sales decreased for a fourth time in five months despite lower mortgage rates, sustained wage gains and slower home price appreciation. February’s 11.8% spike was revised slightly lower to 11.2% MoM,… Read More
By: Timothy D. Terrell After a hiatus of about 10 years, the Mises Institute is resuming publication of the Journal of Libertarian Studies, with volume 23 scheduled to appear before the end of the year. This peer-reviewed, interdisciplinary journal, with David Gordon as editor, will complement the economics-focused Quarterly Journal of Austrian Economics. The influential JLS dates… Read More
Though Samsung tried to brush it off as a miscommunication on its packaging, reports from a handful of reviewers that the handset maker’s $2,000 “foldable” smartphone, the “Galaxy Fold”, broke within days of activation have clearly shaken the smartphone maker, which is still reeling from its botched 2016 rollout of the “Galaxy 7”. As a… Read More
Despite a slow start to the week, which sees most European markets closed on Monday, there should still be “enough to keep investors on their toes”, according to Deutsche Bank’s Craig Nicol. First and foremost, earnings season ramps up in the US with over 150 S&P 500 companies reporting including bellwether industrial and tech names… Read More