Second in a series on currency and monetary default by Benjamin Cox The flaw with U.S. debt is that you are really just buying a sovereign currency with a yield. There is no intent to ever repay the debt — at best, there may be an intent to roll it. The assumption is that the… Continue Reading

Via Energy and Gold.com: The Canadian dollar (loonie) has completely fallen apart during the month of January, moving from 1.16CAD to the USD to over 1.27CAD to the USD this morning. By currency market standards this is an ENORMOUS move which has deep ripple effects across the economy in terms of trade, travel, and currency… Continue Reading

As the S&P 500 flirts within 1% of fresh all-time highs, investor sentiment remains ebullient: Click to enlarge Meanwhile, the market leading small caps have begun to noticeably underperform large caps: And the longer term chart of the Russell 2000 (IWM) offers a picture of a market near a potentially decisive turning point as it… Continue Reading

Growing disinflationary headwinds are likely to push the European Central Bank (ECB) toward launching a 300-500 billion euro asset purchase program on Thursday morning. Such a monumental shift in monetary policy posture from the ECB could deliver an outsized impact to global financial markets (although we have clearly seen some front running of this announcement… Continue Reading

“The days of getting rich quickly are over, and the days of getting rich slowly may be as well.” Bill Gross In his first “Investment Outlook” letter since the announced departure of his No. 2, Mohamed El-Erian, PIMCO’s co-founder Bill Gross remained confident on his company’s future and also shared his view on the US… Continue Reading

Chicks dig the bulls-eye Early reports indicate that Japan’s annualized 2013 Q4 GDP growth likely reached 2.6%, which would make it the fifth straight quarter seeing an increase in annualized GDP. This bit of good news is naturally attached to the government’s spiked punch bowl fiscal, monetary and structural reforms dubbed Abenomics. After Prime Minister… Continue Reading

HANK: 5 Years From the Brink – In Theatres January 31, 2014 and Available on Netflix & iTunes. Hat tip Josh Brown’s Reformed Broker blog.

A shocking December jobs report for Canada came out this morning: Canada shed 45,900 jobs during the month versus expectations of an increase of 14,000 jobs The unemployment rate unexpectedly rose to 7.2% from 6.9% Source: Globe & Mail These are recessionary numbers – how will the Bank of Canada respond?

According to Arthur Brooks, President, American Enterprise Institute, six months after winning the lottery and you will be less happy than you were before. Or, six months after doubling your salary and you won’t care anymore. So while you may devote your life to big material goals, the payoff will be short, and the cost… Continue Reading

Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion).  The deal will see Mercator’s assets get a much needed injection of capital.  Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading

One time the Federal Government Shutdown came into an apartment I was sharing with a bunch of roommates. It tied us all up and blindfolded us and made us do things to each other. It made us call it “Ted” but I don’t really know if that was its name. Another time I was riding… Continue Reading

This morning graphite developer, Mason Graphite (LLG:TSXV) announced some surprising results which are not likely to be picked up by the markets.  The company received results from the preliminary purification of the graphitic carbon concentrates from the company’s Lac Gueret project located in Quebec.  Using conventional hydrometallurgical processes, in lock cycle tests, the company received… Continue Reading

This morning Dale Corman’s Western Copper and Gold (WRN:TSX) provided an update on the developments of their Casino project in the Yukon (see Dale Corman’s Western Copper and Gold Challenge: Developing a Low-Risk Casino). WRN has completed their 2013 field program which is the end of a six-year long engineering and baseline data collection program… Continue Reading

Torex Gold (TXG:TSX) put out its highly anticipated maiden resource at its Media Luna target, south of the river at its Morelos gold project in Guerrero State, Mexico.  The company announced an initial inferred resource comprised of 39.9 million tonnes at 2.63g/t gold, 24.46g/t silver and 0.97% copper which equates to 5.84 million gold equivalent… Continue Reading

Sulliden Gold (SUE:TSX) has cleared the final hurdle at its Shahuindo gold and silver project in northern Peru by receiving an ‘okay’ for their Environmental Impact Assessment.  With this milestone complete, after an 18 month permitting process, the company expects to begin construction within 30-60 days (once final project finance package completed).  The construction will… Continue Reading