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By GoldSilverWorlds In Venezuela, one ounce of gold buys a house. Acceptance of gold and silver as a store of value and medium of exchange most likely pre-dates recorded history. Then someone (the Chinese?) got the bright idea to create a paper substitute exchangeable for, but still backed by, precious metal. This worked swimmingly until […]

By analyst By Frik Els Shares in Continental Gold Inc (TSE:CNL) surged 33% on Thursday day after world number two gold miner Newmont Mining forked out $109 million for just under 20% of the Toronto-based explorer and its Buriticá project in Colombia. At the same time private equity firm Red Kite is paying $25 million

By Brian Maher This post Comey Firing Proved Trump Is A Genius? appeared first on Daily Reckoning. Was Tuesday’s axing of Comey Trump’s latest adventure in four-dimensional chess… or is Trump just a Chinatown chicken playing tick-tack-toe? And how will Comey’s canning impact Trump’s agenda? Today we take flight on uncertain wings… in search of

By David Stockman To use a storm metaphor, I have never been in the eye of a hurricane. But I do reside only a few blocks from Wall Street. And I can feel the financial barometric pressure plummeting by the hour. In fact, others than the five FAANG stocks (Facebook, Amazon, Apple, Netflix and Goggle),

By Rob Otman Macy’s (NYSE: M) is a midcap company that operates within the multiline retail industry. Its market cap is $9 billion today and the total one-year return is -17.11% for shareholders. Macy’s stock is underperforming the market. It’s beaten down, and missed earnings expectations today. So is it a good time to buy?

By Greg Guenthner This post Facebook vs. Snapchat: It’s Not Even Close… appeared first on Daily Reckoning. All hail Mark Zuckerberg, king of social media! King Zuck’s international repository for washed up memes and abhorrent political rants – better known as Facebook (NASDAQ:FB) – has just buried another so-called competitor. The best part? Facebook didn’t

By Steve McDonald Editor’s Note: A version of this piece originally ran in our sister publication, Wealthy Retirement. You can go here to subscribe if you haven’t already. It’s free. The “Slap in the Face” Award this week goes out to the folks who are running a federal student loan program called “Parent Plus” at

By analyst By Cecilia Jamasmie Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996. According to the latest Silver Institute report, released Thursday,

By Zach Scheidt This post Donald Trump’s Secret Plan to End Social Security? appeared first on Daily Reckoning. If what I’ve uncovered is correct — this could be the single BIGGEST shock wave to Social Security since it began in 1935. In short, I’m talking about the end to Social Security as we know it.

By analyst By Cecilia Jamasmie Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, has decided to ditch a planned second phase of expansion of its Sierra Gorda mine in Chile on the back of high production costs an falling metal prices. The state-controlled company grabbed the copper and molybdenum project in 2012, after buying Canadian