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Keyword: gold

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  • Gold Jump On Trade War Anxiety

    07/03/2018 8:53:13 PM PDT · by cba123 · 3 replies
    Action Forex ^ | By MarketPulse - Jul 04, 02:55 GMT
    Gold has posted sharp gains in the Tuesday session, after starting the trading week with losses. In the North American session, the spot price for one ounce of gold is $1254.68, up 1.02% on the day. On the release front, Factory Orders posted a gain of 0.4% in May, beating the estimate of 0.1%. On Thursday, the FOMC will release the minutes of its June meeting, when the Fed raised rates by a quarter-point. (please see link for full article)
  • Is North Korea sitting on a pile of rare-earth minerals?

    07/03/2018 3:18:44 PM PDT · by 2ndDivisionVet · 28 replies
    Korea JoongAng Daily ^ | July 4, 2018
    The Korea Institute of Geoscience and Mineral Resources, a state-run research institute, held a symposium on June 14 where experts in geology and natural resources gathered to talk about how they could further their research on the natural resources in North Korea. The symposium took place amid growing interest from South Korea and abroad on the potential of the mineral deposits buried in the North. After the historic summit between South Korean President Moon Jae-in and North Korean leader Kim Jong-un in April, high-ranking officials from the two Koreas met multiple times over the past few months to discuss how...
  • Israel denies entry to Jewish-American boycott activist

    07/02/2018 9:57:15 PM PDT · by blueplum · 9 replies
    AP ^ | 01 Jul 2018 | Staff
    JERUSALEM (AP) — Israel has denied entry to a Jewish-American activist for advocating boycotts of the Jewish state. Israel’s immigration authority says the activist, Ariel Gold, arrived to Israel Sunday and was refused entry at the airport. Israel’s Strategic Affairs Minister Gilad Erdan said “whoever works consistently for a boycott against Israel will not enter here.” Gold is the national co-director of CODEPINK....
  • Autism traits could be 'edited' out genetic trial suggests

    06/26/2018 10:59:51 AM PDT · by BenLurkin · 14 replies
    Telegraph.uk ^ | 25 June 2018 • 5:25pm | https://www.telegraph.co.uk/science/2018/06/25/autism-traits-significantly-reduced-breakthrough-gene
    Researchers are hailing a breakthrough after they used cutting-edge gene editing to to significantly reduce repetitive behaviour associated with the disorder. The technique, which was performed on mice, could also be developed to treat conditions ranging from opioid addiction and neuropathic pain to schizophrenia and epileptic seizures. Scientists injected gold nanoparticles covered in a “forest” of DNA chains to alter the  the genetic code of mouse models with a form of autism called fragile X syndrome (FXS). The technique, CRISPR-Cas9 gene editing, resulted in in a 30 per cent drop in repetitive digging, and a 70 reduction in leaping, both...
  • A Generation of Americans Is Entering Old Age the Least Prepared in Decades

    06/22/2018 4:14:38 PM PDT · by simpson96 · 43 replies
    Wall Street Journal ^ | 6/22/2018 | Heather Gillers, Anne Tergesen and Leslie Scism
    Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president. This cohort should be on the cusp of their golden years. Instead, their median incomes including Social Security and retirement-fund receipts haven’t risen in years, after having increased steadily from the 1950s. They have high average debt, are often paying off children’s educations and are dipping into savings to care for aging parents. Their paltry 401(k) retirement funds will bring in a median income of under $8,000 a year for a household of two. In total, more than...
  • (Vanity) Omaha precious metal buyers beware. New ordinance puts sellers info on 3rd party database

    06/16/2018 4:16:21 PM PDT · by ak267 · 19 replies
    Coinhuskers ^ | 6-16-2018 | ak267
    Omaha City Council approves a new "second hand dealer" ordinance. If you sell precious metals to "2nd hand dealers" (pawn, coin shop, recylers or any other type of business): ---14 day hold time. ---Digital photograph of items bought. ---Signature, photograph’s and fingerprints of sellers. ---ID’s will be collected as well. ---Sellers are entered into a third party Leads Online program that puts all liability on business owners. -------------------------------------------------------- This just begs potential problems. ---One good hack and criminals will discover who's dealing/owning precious metals (PM). ---The city could use this as a backdoor way to institute a municipal tax on...
  • Turkey’s economic crisis has just begun

    06/14/2018 9:03:23 PM PDT · by Texas Fossil · 8 replies
    Asia Times ^ | June 12, 2018 11:29 PM | David P. Goldman
    What happens next may look like Greece during its financial collapse – meaning Turkey’s economy could shrink by 10%-20% The Turkish central bank managed to halt the free-fall of the country’s currency last week with a sharp rise in interest rates. But the move failed to stop the free-fall of Turkey’s equity market and – far more dangerous – the collapse of the credit quality of Turkey’s banks. Only last October, the euro-denominated 10-year bond of Turkey’s largest private lender, Garanti Bank, yielded just 3%. Now it yields more than 7%, and the dollar value of the bond has fallen...
  • Coming suicide epidemic in China as population collapses

    01/26/2007 8:42:42 PM PST · by aculeus · 84 replies · 2,551+ views
    The Daily Telegraph (UK) ^ | January 26, 2007 | by Ambrose Evans-Pritchard
    There is almost no chance that China will become the world's hegemonic superpower, or that the Chinese yuan will dislodge the US dollar as the key reserve currency in our life-times. It is ageing faster than any nation in history. Indeed, there is a risk that China’s demographic structure will implode long before the great mass of China’s interior ever become rich. This was more or less the conclusion of a closed-door session of Chinese experts at the Davos gathering, regrettably on “Chatham House” rules so none can be named. Those who fret about Chinese chauvinist-militarism certainly have a point....
  • Trump Needs a Return to King Dollar

    02/17/2018 7:12:01 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 17, 2018 | Larry Kudlow
    By Lawrence Kudlow, Arthur B. Laffer, and Stephen MooreThe Trump Administration and the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act ranks in the all-time hall of fame along with Reagan's 1981 and 1986 Tax Acts and President Kennedy’s posthumous tax cuts of 1964. The announcements by Apple, FedEx, ATT, Fiat Chrysler and over 300 companies with multi-billion dollar investments in the United States are early lead indicators of good things to come from the tax rate cuts. When this is combined with Trump's deregulation agenda, we see no...
  • Currency Wars Continue As IMF Concedes End To Dollar Hegemony

    03/10/2015 9:07:39 AM PDT · by Olog-hai · 36 replies
    GoldCore ^ | March 9, 2015 | Mark O’Byrne
    Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?” It refers to the deliberate and stated policy of “de-dollarization” around the world, the decline in the use of the dollar in international trade and as a reserve currency, and the emergence of the new BRICS bank. The article quotes best-selling author and Pentagon insider, Jim Rickards. Rickards says that the status of the dollar as a reserve currency is still solid despite its decline...
  • Turkish lira weakens beyond 4 against dollar as economy worries weigh

    03/28/2018 2:32:59 PM PDT · by Texas Fossil · 8 replies
    Gulf Times ^ | March 28 2018 10:34 PM | none stated
    Turkey’s lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continued to weigh on sentiment.
  • Peter Schiff: In The Impending Collapse "Everything That Can Go Wrong, Will"

    01/17/2018 4:05:22 PM PST · by blam · 121 replies
    SHTF Plan ^ | 1-17-2017 | NMac Slavo
    The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital. “We have just begun a major, long-term bear market in the dollar,” he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at roughly $63 a barrel. Shiff focuses on oil as just one example of the...
  • Last Ditch Efforts by Iran Lobby to Save Nuclear Deal Wasted

    04/21/2018 8:41:23 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 21, 2018 | James Lee
    The Iran lobby is digging deep in an effort to drum up support from anyone and anywhere to preserve the Iran nuclear deal including circulating a letter from members of the French, British and German parliaments addressed to the U.S. Congress.The letter is rife with the same common misperceptions that the Iran lobby has worked hard to foist on an unsuspecting world. None have done as much spadework in engineering this plethora of fake news than the National Iranian American Council.Among the common misperceptions in the letter are:“The only reason we were able to achieve this breakthrough is that we stood...
  • S-400 sanctions threat grows as U.S. officials visit Ankara for defence talks

    03/31/2018 7:27:25 AM PDT · by Texas Fossil · 15 replies
    Ahval ^ | Mar 31 2018 | none stated
    Turkey will face sanctions over its deal to buy the Russian S-400 air defence system, according to Turkish daily Evrensel. The report comes as U.S. Principal Deputy Assistant Secretary Tina Kaidanow, who heads the Bureau of Political-Military Affairs at the State Department, was in Ankara to attend the 5th gathering of Turkey - U.S. Defence Trade Dialogue, following a 2-year hiatus Top of the agenda was an offer to sell Turkey the Patriot missile system as an alternative to the S-400. Previous negotiations over Patriots have stalled over issues such as the price and technology transfer.Turkish Prime Minister Binali Yıldırım said...
  • Russia Wants To Drop Dollar For Oil Payments

    04/09/2018 10:17:08 AM PDT · by bananaman22 · 27 replies
    Oilprice.com ^ | 04-09-2018 | Irina
    Russia is considering replacing the U.S. dollar in crude oil payments on deals with Turkey and Iran, Energy Minister Alexander Novak said as quoted by RT. According to Novak, “There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties. This concerns both Turkey and Iran – we are considering an option of payment in national currencies with them. This requires certain adjustments in the financial, economic and banking sectors.” Iran, under threat of returning U.S. sanctions, two...
  • Turkey to use national currencies in trade with Iran, China

    10/29/2009 9:22:30 AM PDT · by FromLori · 7 replies · 472+ views
    Rianovosti ^ | 10/29/09
    Turkey is switching to national currencies in trade with Iran and China, ending dependence on the U.S. dollar and the euro for about 20% of its commodity turnover, local media reported on Wednesday. Turkey has already switched to settlements in national currencies with Russia amid weakening confidence in the greenback as the world's major reserve currency. The move was initiated by Turkish President Abdullah Gul during his visit to Moscow in February. Turkey's decision to make settlements with Iran and China in national currencies was announced during a visit to Iran by Turkish Prime Minister Recep Tayyip Erdogan. The Turkish...
  • These Are The Top Gold Producing Countries In The World

    06/14/2018 3:44:29 PM PDT · by bananaman22 · 39 replies
    Safehaven.com ^ | 06-14-2018 | Frankie
    Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. But how much gold is the world digging up each year and what countries produce the most? In 2017, global gold mine production was a reported 3,247 tonnes. This figure is down 5 tonnes from the previous year and marks the first annual drop since 2008, according to the GFMS Gold Survey 2018. The driving forces behind the drop in output were environmental concerns, crackdowns on illegal mining operations and rising costs. This raises the question I’ve explored recently...
  • New asteroid gold rush ‘could earn everyone on Earth £75 billion’

    06/12/2018 10:14:02 AM PDT · by Red Badger · 59 replies
    metro.co.uk ^ | 11 Jun 2018 3:58 pm | Rob Waugh
    The world’s first trillionaire won’t come from cryptocurrency or some clever new app – he or she will become rich from asteroid mining. _____________________________________________________________________ That’s what bankers Goldman Sachs reckon, anyway – and several companies are now vying to be the first into space. NASA estimates that the total value of asteroids out there could be up to $700 quintillion – equivalent to £75 billion each for us here on Earth. Several companies are now buidling the machines which will take us there – including Deep Space Industries, which is building a steam-powered thruster for spacecraft, the Guardian reports. British...
  • Wealthy liberal plunders refuge to furnish estate

    05/25/2008 8:52:52 AM PDT · by docbnj · 24 replies · 1,424+ views
    Vineyard Gazette ^ | 23 May 2008 | Mike Seccombe
    [Martha's Vineyard] The Sheriff’s Meadow Foundation this week issued a public apology and launched an overhaul of its land management practices following the revelation that large numbers of trees and other plants had been dug up from two of its preserves and used to landscape an exclusive private property on the North Shore. *** The two foundation properties, the Caroline Tuthill Preserve in Edgartown and the Priscilla Hancock Meadow in Chilmark, were left damaged by heavy earth moving equipment brought in by contractors hired to landscape the 30-acre property of Dirk Ziff near Lambert’s Cove in West Tisbury.
  • Turkey moves gold to Switzerland – local news

    05/27/2018 2:02:55 PM PDT · by Texas Fossil · 87 replies
    Ahval (Events) ^ | May 24 2018 | none stated
    A Swiss news site has said that the Turkish treasury has moved 19 tons of gold to Switzerland from the United States in an attempt to dodge potential sanctions. BZ Basel said the Bank for International Settlements in Basel, which is officially extraterritorial, with not even Swiss police being able to enter, had taken the shipment from Fort Knox. The news site speculated that one reason for Turkey removing the reserves from the United States could be fear over possible economic sanctions on the country’s state owned bank Halkbank, which faces a likely fine following revelations that it allowed Iran to...