Where are the mining concessions in Mexico?

February 2, 2015 Geo-Mexico.com A series of graphics prepared by Mexico City daily El Universal includes a map showing the details of all the mining concessions in Mexico. According to the newspaper’s analysis, one fifth of Mexico’s total land area is subject to mining concessions belonging to one company or another. The six companies holding the largest areas of concessions are: Altos Hornos de México (364 concessions totaling 3208 hectares) Fresnillo PLC (1009; 1953) Industrias Peñoles (922; 953) Minera Fresco (779; 889) Cascabel (116; 749) and Grupo México (711; 607). The map is probably the single most interesting graphic in the series. Zooming in (top left of map) allows the details of each concession to be viewed, including the concession holder, size of concession, minerals involved and whether or not the concession is “active”. Is there a mining concession near you? You might be surprised. Even in an area of Mexico … Continue reading

Why Foreign Real Estate is a Grand Slam

By Nick Giambruno A grand slam in baseball, as many of you know, is a home run that is hit when the bases are loaded, in turn scoring four runs. It is the most potent move possible in a single play. In a similar sense, obtaining real estate in a foreign country is an international diversification grand slam – it can accomplish four key goals all at once: 1. Move Savings/Wealth Abroad Owning foreign real estate moves your savings and wealth offshore and therefore outside of the immediate reach of your home government. Unlike an intangible financial account, it is highly unlikely for your foreign real estate to be seized at the drop of a hat by your home country, without a literal act of war. 2. Create Other Internationalization Options In most cases, owning foreign real estate in a country provides a valid justification for you to open a … Continue reading

Outside the Box: The Preface from Flashpoints

By John Mauldin All eyes are focused on Europe this week as another Greek drama plays itself out. I have to admit that in my student days I was forced to sit through a number of Greek dramas, which are admittedly a fine part of our cultural heritage; but while I can appreciate their time and place in history, I really can’t say that I enjoyed them all that much.And while I can appreciate the passions involved in the unfolding Greek melodrama that is sweeping Europe, I must admit that I’m a bit weary of little Greece commanding center stage in the long-running Eurozone tragicomedy – or maybe we should just call it what it is: a parody of human relations. Mr. Yanis Varoufakis, the left-wing Keynesian economist who most recently taught at the University of Texas (irony intended) is now Greece’s finance minister. He is finding out that his … Continue reading

The 10th Man: Mean Reversion Monkeys

By Jared Dillian The buzz has been building on this trade for weeks. Clients, friends, people on Twitter, everyone I know has been waiting for a chance to pick the bottom in oil.I’ve heard all this chatter on which triple-leveraged oil ETFs to use (I make a point of not knowing such things). They’ve been waiting for this opportunity since oil was at 80 bucks.Interestingly, they could have shorted it when it was at 80. Actually, they could have shorted it at 110. Or 100. Or 90. Or 80. Or 70. Or 60. Or 50. They could have shorted it at 50 and still made money. But they waited this entire time, watching passively as oil plummeted over 60%, to play a 10-point bounce over the course of a couple of days. Well, the mean reversion monkeys, as I call them, will tell you that they just made 20% in three days. Annualize … Continue reading

When Pro Players Fritter Away Millions

By Dennis Miller How is it possible for one man to burn through $400 million and wind up filing for bankruptcy, $27 million in the hole? Boxer Mike Tyson made it happen, and he’s in good company among professional athletes. Yet other professional athletes parlay their sizable earnings into nest eggs that grow and last. Why the two divergent paths? Today I’m speaking with Hank Sargent, who works at one of the top player agencies in the country to answer that very question. First, a bit of background is in order. Hank was my son’s roommate and teammate on a college national championship baseball team. While he never played professionally, he’s been involved in professional baseball for over 25 years. He’s also the only person I know with a World Series ring from an NCAA championship team and a major league baseball championship team. Now, let’s jump to it. Dennis Miller: Hank, will … Continue reading

Endeavour Mining | Major Insider Buying

February 2, 2015 By Dudley Pierce Baker http://CommonStockWarrants.com We are currently witnessing some major insider buying in Endeavour Mining which trades on the TSX under the symbol EDV and in the United States under the symbol, EDVVF, currently around C$0.62. I count a total of six (6) insiders buying shares in the open market since December 19, 2014, including the 4 insiders reporting below. Disclosure: I own shares in EDV and believe the shares can move to substantially higher prices (as do the insiders) especially with gold rising. Investors should always perform your own due diligence or consulting your financial adviser before buying or selling any shares. Most Recent News: Endeavour Mining produces 466,000 oz Au in 2014 Personally, I follow insider trading activity on hundreds of companies with a subscription to INKResearch.com and the following transactions on Endeavour Mining have just been reported. Dear Dudley Baker, Endeavour Mining Corporation (EDV) has the following … Continue reading

Brien Lundin Plays the M&A Game

Source: Brian Sylvester of The Gold Report  (1/28/15) Mining investors love to talk M&A. The speculation. The buzz. Goldcorp started tongues wagging recently when it made a CA$526 million offer for Probe Mines. Brien Lundin, publisher of Gold Newsletter, believes that deal could start the ball rolling on further M&A. He predicts that as gold flows west to east at an unprecedented rate, the gold price will ultimately come under pressure and carry equity prices dramatically higher in either 2015 or 2016. In this interview with The Gold Report, he suggests that prices have never been lower on some of the most likely names in the M&A game. The Gold Report: In mid-January the Chinese stock market plunged almost 10% and the world barely blinked. You spend a lot of time looking at China and how that market influences the gold price. What are your thoughts on China’s massive market correction as it pertains to gold? Brien … Continue reading

Socialism Is Like a Nude Beach—Sounds Like a Great Idea Until You Get There

By Jared Dillian  I’ve been following the activities of Syriza for a long time. They started putting up big numbers in the polls in Greece three or four years ago.Syriza has a message that’s very popular with Greeks: Screw Germany. The word they use to describe what’s happened to Greece during the period of time since the debt crisis is “humiliation.”To be fair, if you owe a lot of money to someone, it can be tempting to give them the finger. When Greece’s debt was restructured, it was done in such a fashion that none of the debt was really forgiven, but the maturities were extended far out in the future. Since Greece doesn’t grow (for structural, demographic, and cultural reasons), this is known as extend and pretend. Everyone knew, even back then, that the only hope Greece would have to avoid default would be whatever ability they had to refinance.Greece has … Continue reading

2015 Outlook: What You Really Need to Know

By Jeff Clark, Senior Precious Metals Analyst In the January issue of BIG GOLD, I interviewed 17 analysts, economists, and authors on what they expect for gold in 2015. Some of those included what we affectionately call our Casey Brain Trust—Doug Casey, Olivier Garret, Bud Conrad, David Galland, Marin Katusa, Louis James, and Terry Coxon. The issue was so popular that we decided to reprint this portion. I think you’ll find some very insightful and useful reading here (click on a link to read his bio)… Doug Casey, Chairman Jeff: The Fed and other central banks have kept the economy and markets propped up longer than you thought they could. Has the Fed succeeded in staving off crisis? Doug: I’m genuinely surprised things have held together over the last year. The trillions of currency units created since 2007 have mostly inflated financial assets, creating bubbles everywhere. There’s an excellent chance that the bubble … Continue reading

How to Run a Government for Dummies

February 2, 2015 Martin Armstrong COMMENT: My wife took our 4-year old Alex to the bank today to open a savings account for him with his piggy bank of about 10k baht ($333.00). The teller noticed he was half Thai and asked if he was American, to which she said he was both Thai and American. The teller: “We won’t open an account for him because we have to report him to the IRS.” So my wife said “open it as a trust account as a Thai citizen.” The teller: “Can’t do that. It’s evading U.S. regulations.” End result: Alex can’t open an account here. Amazing, simply amazing. REPLY: FATCA is the worst law perhaps in history. It is prejudicial to Americans and it is wiping out the world economy at an incredible speed. It is also forcing Americans to abandon international business and bring all money home even if … Continue reading