Saturday, March 23, 2019

Tag: Mining

The Dark-Money Cabinet

During the Presidential primaries, Donald Trump mocked his Republican rivals as “puppets” for flocking to a secretive fund-raising session sponsored by Charles and David Koch, the billionaire co-owners of the energy conglomerate Koch Industries. Affronted, the Koch brothers, whose political spending has made their name a shorthand for special-interest...

Song Xin: Increase Gold Reserves And Join SDR

The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China's largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014...

Hillary Clinton Picks TPP and Fracking Advocate To Set Up Her White House

Two big issues dogged Hillary Clinton during the Democratic primary: the Trans-Pacific Partnership trade agreement (TPP) and fracking. She had a long history of supporting both. Under fire from Bernie Sanders, she came out against the TPP and took a more critical position on fracking. But critics wondered if this was...

Gold Prices Will Rise with Peak Mining Exploration

Unlike re-printable fiat currency, gold is money because there is a finite amount of it. The Fed can’t produce more gold whenever it wants. For this reason, gold has functioned as a barter and wealth preservation system for thousands of years. But how much gold is left in the...

The Last Known Gold Mine

Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth's crust. (For some perspective, one part per million, when converted into time, is equivalent to one minute in two years. Gold is even rarer than that.) If we took...

China and Russia continues to buy into bullion

The strength of the U.S. dollar is boosting gold sales in China and Russia as the two countries bulk up their official reserves with bullion. Returns on European currencies have continued to creep lower, with the Euro causing particular concern for global investors. With weaker than expected economic data...

Why is the gold price rising? Five forces driving the precious metal

Hoarding gold is a centuries-old reaction to times of crisis, and the aftermath of the EU referendum vote is no different. The yellow metal has soared in value since Britain voted to leave the European Union as investors shoot towards traditional "safe haven" assets. Prices have reached a three-year high as Brexit worries intensify. An ounce of gold is now worth...

Chinese fund eyes Glencore’s gold mine in Kazakhstan

China's Silk Road Fund, a US$40 billion pool set up to invest along the ancient trade routes with Central Asia, is discussing a joint bid for Glencore Plc’s gold mine in Kazakhstan. The fund is partnering with China National Gold Group Corp on a possible joint offer for the Vasilkovskoye...

Why Gold Is Now In A New Bull Market

Investors’ interest in gold peaked in September 2011, when it was generally agreed upon that the endless rounds of quantitative easing policies by the world’s central banks will result in rising inflationary pressures, while concerns over a potential Euro Zone break-up ran rampant, as government finances in countries such...

Gold surges most in 2 years in panic buying after Brexit shock

Gold surged on Friday to its highest level in more than two years, and posted its biggest daily gain since 2008, as shaken investors snapped up the safe haven asset amid fears of further market turmoil after Britain shocked the world by voting to leave the European Union. Gold for...

Gold Rises Most Since 2008 Crisis as Investors Seek Brexit Haven

Gold surged the most since the height of the 2008 global financial crisis after the U.K. voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1 percent and futures trading volume was double the average for this time of day....
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Gold supply to drop by 7 pct by 2021 – Newmont CEO

Due to the past price performance of gold, supply is constrained says Gary Goldberg, president and CEO of Newmont Mining. "We see the medium- to long-term as being very good," said Goldberg in an interview with MINING.com earlier this month talking about gold prices and buying trends in India and...
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Jim Rickards Emergency Broadcast with Goldfinger

An emergency broadcast by Jim Rickards in which he interviews a gold industry insider from Zurich, Switzerland. Goldfinger is in direct contact with major players in gold market like the LBMA bullion banks, major Swiss refiners and vault owners. James Rickards is the Editor of Strategic Intelligence, a financial newsletter,...

Why big investors think it’s time to hoard gold

Fear is on the rise and so is the price of gold. Gold futures for August hit a three-week high Thursday, rising to $1,272.70 per ounce, just under a key resistance level of $1,275. The yellow metal is up about 20 percent year to date, and some high-profile investors —...

Key Gold Index Doubles In 2016

Gold investors learn early that one of the best ways to leverage their exposure is to buy gold stocks. That strategy has performed well recently. As of Friday, the NYSE ARCA Gold Bugs Index, which trades under the symbol HUI, had nearly doubled since its January low. The index...

Eurasia Silk Road Economic Transformation

Over recent months I have often written about the potential of China’s strategic One Belt, One Road Eurasian and Asian infrastructure Great Project to act as a global economic transformer toward positive, sustained economic growth. It’s becoming clear by the day that strategic economic planners in Beijing have been...

King Coal Is Losing His Throne

Peabody Energy joins a growing list of coal miners who are going broke thanks to a perfect storm of cheap natural gas, the slowdown in China, and tougher environmental rules. Peabody Energy, the world’s biggest privately owned coal mining company, filed for bankruptcy protection in the United States on Wednesday....

China Goes Prospecting for World’s Gold Mines

Hunt by Chinese companies for overseas deals could make China an even bigger player in the global gold market. Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16%...

Jim Rickards: The U.S. Dollar Is A Shadow Gold Currency – The New Case...

Get ready to dispose of your preconceived notions regarding the Federal Reserve and its take on gold! Is it possible that the Fed wants a higher gold price after all? That is what Jim Rickards reveals in this riveting interview with Palisade Radio. Upon quick review, the Federal Reserve today...

China’s Africa Dream Isn’t Dead

Despite falling investment in the continent, Chinese entrepreneurs, investors, and wanderers are digging in. NAIROBI, KENYA — Jeff Kiarie was guarding a Chinese mine back in early 2014 near Arusha, Tanzania when Chinese managers and investors picked up and left, leaving their excavators, tractors, and wheel loaders behind, offering no...

It’s time to buy uneconomic gold companies

It may sound counterintuitive, but now is the time to buy companies where gold will remain in the ground for the foreseeable future. It is a strange phenomenon, but for companies that own mega-sized gold projects, the best thing to do is nothing! No, this is not the worst investment...

The U.S. Spent a Half Billion on Mining in Afghanistan With Limited Progress

The Special Inspector General for Afghanistan Reconstruction has labelled yet another project in danger of failing. This time its U.S. plans to develop the country’s oil, gas and minerals industries. The United States has spent nearly half a billion dollars and five years developing Afghanistan's oil, gas and minerals industries...

The Worth of Gold Growing by the Day

The worth of gold in the world is growing by the day. That might seem like a paradox but it isn’t. The worth of gold is not fixed on the Comex futures exchange, or the trade in London or Zurich. True, most of the gold-trading public takes its cue...

Gold Fund To Serve The New Strategy Of The Silk Road, Lead The New...

Not surprisingly there is little official documentation on the recently launched Silk Road Gold Fund. However, the translation below (original article published on ifeng) provides an intriguing insight at what this Fund is about. On May 22 Chinese financial policy makers from the PBOC, Chinese gold industry executives from commercial banks, mining companies, the Shanghai Gold Exchange...

China sets up largest gold fund

A gold sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend. The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan (16.1 billion U.S....

China, Russia ink agreement on gold exploration

BEIJING - China National Gold Group Corporation announced on Monday it has signed an agreement with Russian gold miner Polyus Gold to deepen ties in gold exploration. The companies will cooperate in mineral resource exploration, technical exchanges and materials supply, the largest gold producer of China said. Polyus Gold is the...

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