Pete Thomas of Zaner Precious Metals is an active cash and OTC metals broker for the last 35 years. He can be reached at 312.277.0140 or a p.thomas@zaner.com.
Gold/Jim Rickards: Russia just bought 22 tonnes of gold in May. Brings total reserves to 1,700 tonnes. No news on how much bitcoin they bought. My guess is....zero.
Fueled by cheap power and government subsidies, Norway is racing to ditch the “fossil car”. Starting this month, electric car owners will be able to drive down a narrow ramp between rough-hewn rock walls dripping with condensation and plug in at one of 86 charging stations—for free.
Goldcorp/Value creation in mining has shifted from how well a company moves material, to how well it acts on information to increase efficiency and production.
During a rather informative meeting with the Bloomberg Metals Team in New York last week and also add a little information that I have gleaned from a recent interview with the Mining Minister of Chile and I think it’s time to share with you my current viewpoint on Copper.
Gold made headway for the sixth day in a row in heavy trade on Monday as the metal continues to make up lost ground following Donald Trump's victory and as the dollar weakens and interest rates in the U.S. trend lower again.
The global attack on cash and gold continues, according to Reuters: Axis Bank Ltd, India's top importer of gold, has suspended the bank accounts of some bullion dealers and jewelers after two of its executives at a branch were arrested over alleged money laundering. The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.
In the course of my life, I have developed a conceptual framework which has helped me both to make money as a hedge fund manager and to spend money as a policy-oriented philanthropist.
