Archives for February, 2018
Many believe John Maynard Keynes considered gold to be “a barbarous relic”. In actual fact he was referring to the fixed exchange rate between the British pound and gold. During WWI the combatants abandoned the gold standard to allow inflation to pay for the war. Once the war was over…
Great Boulder Resources Limited (ASX:GBR) has made a potentially extraordinary discovery of copper-nickel-cobalt mineralisation at Mt Venn, in Western Australia. Extraordinary, because Mt Venn has a remarkable past. In 1970 the share price of the then-owner, Tasminex NL, rocketed from $3.00 to $96.00. This uplift was based upon a report…
Jeffrey Gundlach, CEO of DoubleLine said in early January that a bear market would commence when the long term trendline for US 30-year Treasuries is broken, and the yield rose above 2.99%. The rate was 3.08% last Friday, the day the DOW fell 2.5%. But Gundlach, in a webcast titled “Commodities:…