Gold: Mr. Trump Goes to Washington
John Ing, President & CEO, Maison Placements Canada believes Trump’s election is a major turning point. Despite the market’s enthusiasm for his inflation fuelling economic stimulus package of tax cuts and infrastructure spending, his anti-trade stance, the realities of deal-making and subsequent fence mending could hurt the US dollar, bond market and buoyant stock market. Ing believes the US dollar, once considered a haven, is vulnerable. Gold is a good thing to have against debt remonetisation, currency devaluation and the expected pickup in inflation, says Ing. He expects gold will reach $2,200 per ounce, within 18 months.
Jay Taylor: Turning Hard Times Into Good Times
What is Trump’s True Agenda?
Jay Taylor, miningstocks.com, interviews William Engdahl and Michael Oliver. Presidential candidate Trump appeared to be on the side of America’s downtrodden white middle class, offering to bring jobs back from overseas. He lambasted China, calling them foreign exchange cheaters. On the other hand, candidate Trump appeared to offer a warming of relations with Russia to the point where the Clinton campaign suggested Trump’s actions were treasonous. Historian Engdahl will provide his unique perspective on what he believes is Trump’s true agenda, namely to destroy China, Iran and Russia as America’s ruling elite move toward establishing a one world government under their control. What might that mean to the global monetary system and to various markets including the market for gold, oil and commodities in general? We will seek William’s longer-term vision on those questions and also ask Michael for his latest vision on the gold market following the sharp post-election decline for the yellow metal.
Listen to the Broadcast Now
Copper Rally – Too Good to be True?
Copper prices have risen in a near vertical line to its highest level since June 2015. Despite optimism from some quarters, there still appears little solid fundamental justification for the recent surge. Hopes for a jump in infrastructure spending in the United States following the election of Donald Trump will need to be built on concrete foundations, not just rhetoric. To read this Special Report on Copper by Thomson Reuters, click here...
Oil Services Stocks: Ready for a Lift
Ever since the collapse of oil prices that started in July 2014, companies that provide drilling rigs, equipment and related services have struggled to survive. Here are companies that will benefit greatly when drilling activity picks up again.
Barrick Earnings Climb But Miner Keeps Lid on Costs
Barrick Gold Corp, the world's largest producer of bullion, recently reported a bigger quarterly profit, reflecting higher gold prices and lower costs, while cutting its 2016 production costs and lifting its output.
New Gold’s Rainy River Nears Completion
On Track for Low-Cost Production in a Few Months
Mid-tier miner New Gold is blessed with AISC across its four producing mines that average below $800 an ounce, well below the 2015 industry average of $1,225. Recently the company issued an update on its Rainy River project in northwestern Ontario, which when completed and fully producing should have comparably modest AISC.
U.S. Winter Forecast: Frequent Snow to Blast Northeast;
Freeze May Damage Citrus Crop in Central Florida
AccuWeather reports it will feel like an extended winter for those living from the northern Plains to the eastern U.S., as cold and snowy conditions stretch into spring 2017. Meanwhile, drier and milder weather will focus on the majority of the southern half of the nation. The Southeast may mark the exception as a chilly January threatens to damage the region's citrus crop.
Further Upside Likely for Precious Metals Prices in 2017
Key findings of the annual report Precious Metals Investment Focus 2016/17 published by Metals Focus an independent precious metals research house. A key finding: "of the four precious metals, palladium still enjoys the best supply/demand fundamentals, which eventually should exert some upward pressure on the price."
Zinc: Is the Rally Fading?
Zinc has been investors' favourite base metal this year – with gains of 43 percent to date – following the closure and suspension of several key mines. However, zinc prices may be due for a pull back, on falling demand for steel in China and investor pressure on Glencore, the world's largest zinc processor, to raise output. To read this Special Report on Zinc by Thomson Reuters, click here