Serious gold investors know that May has historically been a weak month for the price of the yellow metal. For the 10-year and 30-year periods, the month delivered negative returns. The general decline in enthusiasm comes before the late summer rally in anticipation of Diwali and the Indian wedding season, when gifts of gold are […]
Spinning Italy’s distressed bebt into gold Read More »
By Michael Allan McCrae The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence. Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%. The estimated total resource of copper projects in
Early stage copper projects have grades one-third below operating mines Read More »
By Jacob Johnson This post What History Teaches About Interest Rates appeared first on Daily Reckoning. “At no point in the history of the world has the interest on money been so low as it is now.” Who can dispute the good Sen. Henry M. Teller of Colorado? For lo eight years, the Federal Reserve
What History Teaches About Interest Rates Read More »
By Brian Maher This post Just How Low Are Today’s Interest Rates? appeared first on Daily Reckoning. “How is your wife?” someone supposedly asked Winston Churchill. The reply, oozing Churchillian wit from every pore: Compared to what? Today’s interest rates are low. But today we consider the “real” question: Interest rates are low… compared to
Just How Low Are Today’s Interest Rates? Read More »
The United States will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight Thursday, May 31, ending months of uncertainty over potential exemptions and sharply escalating the risk of a trade war. The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a
US to impose steel, aluminum tariffs on EU, Canada & Mexico Read More »
By Reuters LONDON, May 31 (Reuters) — Petropavlovsk has said it will remove the board member representing the Russian gold miner’s biggest shareholder Kenges Rakishev, ratcheting up tensions between rival investor groups over management of the company. In a notice for its annual meeting on June 29, London-listed Petropavlovsk proposed removing Rakishev’s nominated director Bektas
Petropavlovsk turns up the heat on biggest shareholder Rakishev Read More »
By Frik Els Incrementum’s 12th annual In Gold We Trust report analyzes gold primarily as a monetary asset and not as a commodity like say hops or barley. In its 230-page report, the Liechtenstein-based asset managers believe that gold is in the early stages of a new bull market, “which has been temporarily slowed down
FLUID OUNCES: Gold vs beer price since 1950 Read More »
By Cory댊 Anaconda Mining intersects 62.01 g/t over 1.5 metres and 23.24 g/t over 2.5 metres at Goldboro Here are the latest round of drill results from Anaconda Mining at the Goldboro Gold Project. We are continuing to see some good grades with narrow widths but if you look at the figures in the release
Company News – Thu 31 May, 2018 Read More »
By Reuters LIMA, May 30 (Reuters) – Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern’s $2 billion copper project Michiquillay, Buenaventura’s chief executive told Reuters on Wednesday. “They were receptive … but it’s up to them to evaluate the preliminary proposal,” Victor Gobitz said in an
Peru’s Buenaventura seeks deal with Southern on copper project Read More »
Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty. …read
Emerging market meltdown could undermine oil rally Read More »
