Lowest In More Than 50 Years? Plus Another Recession Warning
The lowest in more than 50 years? Plus another recession warning.
The lowest in more than 50 years? Plus another recession warning.
There is no question that 2023 is going to be a big year for silver, commodities and gold.
With the countdown to silver breaking out of a multi-decade cup and handle formation winding down, is it possible silver is headed to $700 after the $50 all-time high is surpassed?
On the heels of the announcement that the largest gold producer in the world Newmont Mining and will be merging with the 6th largest gold producer in the world Newcrest, this has many wondering if this will kickoff a golden wave of merger mania in the future because large miners outside of Agnico Eagle do not have growth profiles.
The global financial system is already doomed and the collapse will be terrifying.
Forget takedowns in the paper market because Putin is going to make gold be the center of the new monetary system.
The takedown in the gold market was about $100 top to bottom. Now we know why…
Desperate to keep prices from exploding higher when the price of gold was nearing $2,000 and silver was breaking out late in the week, the government sanctioned bullion banks sprang into action on Thursday and again on Friday with an orchestrated takedown of the metals in the paper markets. The perfectly timed rally in the US dollar is also assisting them with their shenanigans in the paper markets.
As we continue to kickoff what promises to be a wild year in financial markets, one thing is certain, chess master Putin is moving closer to destroying the US dollar.
The price of gold is surging near the $2,000 level but silver is having a huge day.
It’s time for investors the buy the f*cking dip as the gold and silver bull market is still in the early stages. This succinctly sums up the situation…
Things are tough all over but a shocking 28% of Canadian women are “completely out of money.”
Germans bought an all-time record amount of gold. Central bank buying 2nd highest level in history.
Here is a look at the Great Gold Breakout and Monetary Fantasyland.
With gold and silver continuing to digest their bullish moves, this is about to drive the next earthquake in global markets as well as gold and silver.
In the aftermath of Putin’s move to bring gold back into the monetary system in Asia, the chess master has left the US with only horrific options.
Russian President, Vladimir Putin, is close to finalizing Asian trade settlement in gold. This move will cause enormous chaos for the West and will also rock world markets as gold is brought back into the monetary system by the great chess master, Putin.
The physical gold market is extremely tight and it looks like the LBMA may pressure the gold ETF GLD to make physical gold available.
Here are two very important notes for the gold market today…
Currency wars continue as Russia is leading the East to a gold-backed currency that will dethrone the US dollar as the world’s reserve currency.
[Marketwired] – Comstock Mining Inc. proudly announced that, on Saturday, September 12, 2015, the family of Randy Harris was presented with a 2015 Outstanding Career in Safety Award at the Nevada Mining…
[PR Newswire] – LAKEWOOD, Colo., Sept. 17, 2015 /PRNewswire/ — Pershing Gold Corporation (NASDAQ:PGLC), (FWB:7PG1) (“Pershing Gold” or the “Company”), an emerging Nevada gold producer, announces that …
[CNW Group] – Pershing Gold to Present at 5th Annual Precious Metals Summit Colorado
[Reuters] – Glencore is in talks with Franco-Nevada Corp, Silver Wheaton Corp, Royal Gold Inc and two other companies to sell portions of the future production of three South American copper mines, two sources with knowledge of the talks said. The so-called streaming deals involve Glencore’s Antamina and Antapaccay copper mines in Peru, and its Collahausi mine in Chile, they said. Streaming transactions are a type of alternative financing in
[Marketwired] – Endeavour Silver Corp. posted strong silver and gold production results in the First Quarter, 2015 from the Company’s three operating silver mines in Mexico: the Guanaceví mine in Durango State and …
NEW YORK (TheStreet) — The gold price wasn’t doing much of anything until the dollar index launched skyward at 7:45 a.m. in London on their Tuesday morning. Gold, along with the other three precious metals, fought that headwind all day long—and did pretty well all things considered. The gold price traded within an eight dollar price range yesterday, so the high and low ticks are not relevant. … Click to
[GlobeNewswire] – Spokane, Washington – April 7, 2015 – MINES MANAGEMENT, INC. (NYSE-MARKET: “MGN”, TSX: “MGT”) announces financial and operating results for the fiscal year ending December 31, 2014, …
NEW YORK (TheStreet) — The gold price gapped up at the open of trading at 6 p.m. EDT on Sunday evening—and then chopped more or less sideways until it caught a bit of a bid shortly before COMEX trading began in New York on Monday morning. That rally lasted until minutes after the London gold market closed, which was 4 p.m. BST/11 a.m. EDT. From there it was under selling
[GlobeNewswire] – CHICAGO — Coeur Mining, Inc. (the “Company” or “Coeur”) today announced preliminary first quarter production of 3.8 million ounces of silver and 69,734 ounces of gold, or 8.0 million …
[GlobeNewswire] – CHICAGO — Coeur Mining, Inc. (the “Company” or “Coeur”) today announced preliminary first quarter production of 3.8 million ounces of silver and 69,734 ounces of gold, or 8.0 million …
[GlobeNewswire] – CHICAGO — Coeur Mining, Inc.’s (“Coeur” or the “Company”) Senior Vice President and Chief Financial Officer, Peter C. Mitchell, will present at the Jefferies Steel and Metals Summit …
[CNW Group] – First Majestic Announces Acquisition of Shares of First Mining Corp.
[PR Newswire] – VANCOUVER, April 6, 2015 /PRNewswire/ – First Majestic Silver Corp. (“First Majestic” or the “Company”) announces that it has acquired 14,509,279 common shares of First Mining Finance Corp. (“First Mining”) (FF:TSXV), representing 19.7% of the outstanding common shares of First Mining. The common shares were acquired by First Majestic in its capacity as a shareholder of KCP Minerals Inc. (formerly known as Sundance Minerals Ltd.) (“Sundance”), a
NEW YORK (TheStreet) — With the Globex/Comex closed for the Good Friday holiday, all four Kitco precious metal charts all looked like this. The equity markets were closed as well, so there’s no HUI or Intraday Silver Sentiment Index—and no delivery report from the CME, nothing from GLD or SLV, the U.S. Mint, or the Comex-approved depositories. … Click to view a price quote on GLD. Click to research the
By Timothy Gardner WASHINGTON (Reuters) – The White House has secured more than $4 billion to boost clean energy and fight climate change from foundations, institutional investors and philanthropies, doubling a goal set in February, administration officials said. Vice President Joe Biden told a conference on clean energy at the White House on Tuesday that a “staggering” number of long-term jobs can be created in the sector “if we make
Columbia University researchers discover a new source of alternative energy by harnessing the power of evaporation and soil bacteria spores.
By Susanna Twidale LONDON (Reuters) – The European Union is collectively on track to achieve its goal of sourcing a fifth of its energy from renewables by 2020, although Britain, the Netherlands and Luxembourg are currently lagging behind, the European Commission said on Tuesday. Renewable energy is expected to have accounted for 15.3 percent of total energy consumption in the EU last year, the Commission said, setting the bloc on
The White House has pushed foundations, institutional investors and philanthropies to commit more than $4 billion to clean energy projects and help fight climate change, doubling a goal set in February, officials said. The administration issued a call to action early in the year asking them to make commitments on clean energy innovation, and “we’ve seen a really overwhelming response,” White House senior adviser Brian Deese told reporters in a
Chevron Corp has evacuated some workers not essential to oil production from its Gulf of Mexico operations as a low-pressure storm system moves through the basin, but output has not been affected, the company said on Monday. Royal Dutch Shell on Monday said it was still evacuating so-called non-essential workers ahead of the storm, such as cooks and maids, with no production impact from the weather. Chevron is the No.
U.S. oil companies were closely watching a large tropical disturbance in the southern Gulf of Mexico, but were not changing operations despite the system’s 70 percent chance of developing into a tropical cyclone over the next 48 hours, according the U.S. National Hurricane Center. Leading oil producer in the U.S.-regulated Gulf of Mexico Shell Oil Co, the U.S. arm of Royal Dutch Shell, said it was monitoring the storm on
Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt solar energy power plant in the Upper Egypt region. El Sewedy formed the Egyptian Company for Solar Energy Development, a subsidiary that it will invest about $75 million in, which will be in charge of developing, funding, owning and running the power plant, the cable maker said in a statement
U.S. officials have rejected Exxon Mobil Corp.’s request to reconsider a $1 million penalty imposed against the oil giant over a 63,000-gallon crude spill into Montana’s Yellowstone River. The U.S. Department …
By Jose Elías Rodríguez (Reuters) – A 1940 clip of the Tacoma Narrows suspension bridge in the United States stretching like chewing gum in a gale captured the imagination of a Spanish engineering student who became obsessed with how he could turn that chaos into power. Twelve years later, David Yanez is part of a team inspired by the motion that collapsed the bridge to create a bladeless wind turbine
Oil prices steadied on Thursday as a bullish report from the International Energy Agency (IEA) agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. IEA, which coordinates energy policy for industrial nations, raised its projection for global oil demand growth in 2015 by 280,000 barrels per day (bpd) to 1.40 million bpd, bringing demand this year to almost 94 million bpd. The agency