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NEM-Barrick joint venture in Nevada

Posted by Buygold @ 9:15 on March 11, 2019  

Barrick Gold, Newmont Mining Agree to Joint Venture

8:39 am ET March 11, 2019 (Dow Jones) Print
By Allison Prang

Barrick Gold Corp., the world’s biggest gold miner, called of its nearly $18 billion acquisition offer for rival Newmont Mining Corp. after the two companies agreed to form a joint venture combining their Nevada operations.

Barrick offered last month to acquire the rival gold miner in an all-stock stock deal for $17.85 billion. Last week, Newmont rejected the offer, but proposed a joint venture. Barrick’s biggest stockholder — VanEck International Investors Gold Fund — said it preferred a joint venture.

“We listened to our shareholders and agreed with them that this was the best way to realize the enormous potential of the Nevada goldfields’ unequaled mineral endowment, and to maximize the returns from our operations there,” Barrick Chief Executive Mark Bristow said in prepared remarks.

The companies said the joint venture would deliver about $500 million in average annual synergies before tax in the first five years.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

March 11, 2019 08:39 ET (12:39 GMT)

scum have made sure no follow thru all morning in Europe…..Au sat on non stop

Posted by Maddog @ 7:46 on March 11, 2019  

while SM quietly bid.

Gold Train

Posted by Maya @ 0:00 on March 11, 2019  

rrflasher-copy

Monday is here.  C&NW’s “400” heads north out of Milwaukee.
http://www.railpictures.net/photo/689545/

 

Maddog 14:28; Moggy 15:19

Posted by amals @ 22:17 on March 10, 2019  

Good article and interesting vid.  As if I needed more to make me uncomfortable about where we are, and where we’re going.

Megamerger Push Has Gold Miners Eyeing New Partners

Posted by Mr.Copper @ 21:17 on March 10, 2019  

PART

A push by the world’s biggest gold miners to get even bigger will likely have a knock-on effect among their competitors, adding new vigor to an industry that failed to inspire investor support in 2018.

 The megamerger mania now under way for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. is likely to result in some of their assets being sold, helping to diversify portfolios for other miners and boosting the interest of investors. More importantly, it could force mid-tier companies to team up in order to successfully compete.
A gauge of 14 big gold producers tracked by Bloomberg Intelligence tumbled 10 percent last year, the first decline since 2015, as bullion prices languished below $1,300 an ounce, crimping margins. Since Jan. 1, however, the shares have gained 5.8 percent, making them more attractive to investors and potentially spurring a new emphasis on growth.
story

The Brains Behind AOC

Posted by Moggy @ 15:19 on March 10, 2019  

 

Maddog

Posted by Captain Hook @ 14:44 on March 10, 2019  

Either that or the greedy speculators who play the derivatives could die (literally or financially), where the cash markets would become important again.

This is why I said more here will be gone (one way or another) before the precious metals bull will return.

The bull will not return until the bullish derivatives speculators are exhausted one way or the other.

The machines will ensure this.

Cheers

Imho this is what will change the system.

Posted by Maddog @ 14:28 on March 10, 2019  

How Much Longer Will The Middle-Class Politely Tolerate Its Own Destruction?

https://www.zerohedge.com/news/2019-03-09/how-much-longer-will-middle-class-politely-tolerate-its-own-destruction

Debt matters…Doug Cass

Posted by Richard640 @ 12:38 on March 10, 2019  
In 2009, most of the risk in the financial and credit markets had been wrung out from the decline. Today, the markets are more exposed than ever to leverage and credit risk throughout the global ecosystem. 
My friend Doug Kass had a great note Friday related to this risk.
“Astonishingly I heard a ‘talking head’ on one of the business media platforms earlier this week who said that none of the excesses that existed in past recessionary periods are in place today. 
To say excesses, systemic issues, and possible instability, don’t exist is borderline irresponsible.
As I see it, there are several measurable excesses and associated risks that represent this cycle’s new challenges that may be summarized into these five categories:
  • An untenable level of global (private and public sector) debt
  • Structural instability and growth threats in the form of rising deficits and demographic trends (i.e., slowing population growth)
  • Lack of (sovereign) cooperation
  • Unparalleled political instability and rising policy risks
  • A dangerous shift in market structure
Debt
Debt that is not self-funding is future consumption brought forward.
Through years of unprecedented monetary ease, we have enjoyed unsustainable consumption and growth which cannot continue at its current pace in the future. Debt, then, is a drag on future growth, and the amount of debt the world now has will be a monster drag on that growth.
The fact is that the global economies are over levered with debt in our private and public sectors that are excessive. As I chronicled in “Why Interest Rates Are the Bull Market’s Most Serious Threat,” in the fullness of time, the weight of debt will act as a governor to economic growth – it saps capital. To think otherwise is foolhardy.

https://www.zerohedge.com/news/2019-03-09/what-do-central-bankers-know

Greg Hunter interviews Rob Kirby

Posted by Moggy @ 10:52 on March 10, 2019  

Good to see Mr. Kirby back on his feet.

https://www.youtube.com/watch?v=2w4ny0xvvME

 

Take it with a grain of salt – it’s one of Sprott’s guys

Posted by Buygold @ 9:49 on March 10, 2019  

“In conclusion, the dollar is likely to rise as every other central bank prints their currency into oblivion, and this could weigh on Gold in the short-term, but the US and the world cannot stand a stronger dollar for very long. The Fed will be forced to do its own dirty work and prop up US stocks and bonds and sacrifice the dollar in the process. This means a Fed policy reversal to rate cuts and QE is inevitable, as is a Gold price multiples higher from here. It’s only a matter of time now: months, not years.

https://www.zerohedge.com/news/2019-03-07/gold-soar-central-banks-try-play-god-again-david-brady

Might be the beginning of what we’re seeing with gold holding up even as the USD continues to rise. WTFDIK?? 🙂

Wise Foods warning shorting calories, giving your info to Gov.

Posted by goldielocks @ 1:17 on March 10, 2019  

The Daily Sheeple can report that, not only did Wise Company allegedly mislead consumers about the nutritional content of their products, it appears that the company handed over highly confidential consumer data to the government – not once, but twice – during the proceedings.
The following phrases were all used in describing the complaint:

False and misleading advertising

Deceptive acts and practices

Likely to deceive members of the general public

HERE ARE THE LAWSUIT’S CLAIMS, DIRECTLY FROM THE COURT DOCUMENTS:

Wise Company fails to disclose that if the consumer in fact eats the number of prescribed servings each day necessary to make the food kits last for the advertised period of time, the consumer will effectively starve or suffer adverse health effects given that the food kits provide drastically fewer calories and nutrients than are needed to adequately sustain adults for the advertised periods of time.

Wise Company’s long-term and emergency food kits provide less than half the daily calories necessary for an average adult to survive.

Consequently, a person who credits Wise Company’s representations and attempts to survive on one of its “Long-Term Food Kits” for the specified period of time faces serious physical and mental health risks, including dehydration, hypothermia, hypotension, impaired renal and liver function, depression, and impaired cognition.

Some of the kits sold have an average as low as only 453 calories per day, a paltry amount of food by any measure, and certainly not enough to sustain an individual in the kind of emergency situation for which Wise Company foods are marketed.

In fact, prisoners in Auschwitz were provided more calories than Wise food storage has consistently given their customers.

Gold Titan

Posted by goldielocks @ 23:39 on March 9, 2019  

How can a serial number of a phone identify a person unless bought in a store under your name? Plus people sell them to each other.
There are other ways for say law to identify a person but would be more difficult for unknown people like on FB if they were unable to hack it.

goldielocks @ 19:03

Posted by Gold_Titan1 @ 21:03 on March 9, 2019  

Just in case you did not know, every phone has unique  IMEI  number which is recorded with cell service provider , which will eventually lead to identify you.

GT

New Intellectual Froglegs

Posted by commish @ 19:48 on March 9, 2019  

To see new episode it’s on his homepage. Its called New Green Deal. YouTube won’t publish his videos at the present time. Click Home.

https://intellectualfroglegs.com

Tracking

Posted by goldielocks @ 19:10 on March 9, 2019  

A little while back I got a advertising message telling me some stores near a gas station ” I frequently visit.” Yep they’re tracking u. They never seem to use it for kidnaping but will pick up last place they used it.

Gold Titan

Posted by goldielocks @ 19:03 on March 9, 2019  

Im aware of IP address as most others. I shouldn’t mention it but thing is most phones less u get a plan you can put any name and home address on them less your in some phone payment plan and pay cash for payments too if your worried about it. We all should be to a degree though. Now that I mentioned that they’re going to start asking for ID. They still have another way to track through email less you don’t put info in that either.
They track where you go too so they know where u live. They also know when ur on FB or email.

Proof of viral shedding from vaccines on this site , get it before FB deletes it.

Posted by newtogold @ 18:51 on March 9, 2019  

Saving info to my computer. https://www.facebook.com/groups/1802528433369203/permalink/2304115049877203/ Info on  this is more than halfway down and sites are convoluted but with some effort pdfs will show specifics. All substantiated articles from Pharmaceuticals to boot. Article is from “the Truth Group” on Facebook .

Buygold @ 13:23

Posted by Gold_Titan1 @ 18:12 on March 9, 2019  

BG spot on ,on every point, people think they can register with fictitious name and personal details, they are totally ignorant of the fact that FB collects IP addresses , computer name and anything that they possibly can.

When comes to smart phones there has been comments that front camera is used to record users expressions, plus the fact that users give practically all access permission to their phone by most apps.

I think we may have social point scoring similar to the Chinese, just under a “different name”.

I have tried to register ” anonymously ” on zerohedge , they sent initial email message but failed to issue member confirmation. Why ???????

GT

 

Buygold

Posted by goldielocks @ 17:27 on March 9, 2019  

Yes Im aware and told my daughters not to call me mom on there. They think I’m being too cautious but that’s the way I like it. Besides you don’t know who’s reading it, especially if you get in a heated discussion with someone.
There are people for instance that threaten the lives of people who put info on vaccines. My email got hacked too cuz I wasn’t aware it was on there until after and after a heated debate about vaccines by the gov who blocked me and others to hide the truth.
My friends have told me I’ve been cloned a few times too but that seems to happen a lot esp to those voting Trump. They monitor vaccine and patriot votes.
A few Muslims friended me but all are gone now and never said a word to them. They just saw the post of others. That or they were trying to get here and using FB. I just directed them to the gov. not knowing who they are.
As far as the gov they will track u anyways.
Two noted Repubs on tv friended me and checked to see if it was really them but after seeing all the post coming from others on vaccines I was sharing they got out.
Most my friends local, and I do not friend each other for that reason. We just text each other. Who’s left after 08 anyways.
I’m more worried about ID theft.

The great Wold Richter opines…

Posted by Richard640 @ 17:05 on March 9, 2019  

Why I’m Not in Panic Yet About the Lousy “20,000 Jobs Created”

Goldie – yes

Posted by Buygold @ 16:37 on March 9, 2019  

Don’t need to put “exact” personal info on FB but you open yourself up to tracking by your IP address, and then of course there’s your conversations with “friends” that are monitored 24/7.

No doubt whether you put your personal info or not they know everything about you, your habits and your friends from the past.

The CIA plant aka Zuckerberg is an anti-American spy and piece of shit. No doubt similar to the Google crowd.

Both those companies are gov’t started, funded and owned by the CIA. Probably Amazon as well.

 

Re China?

Posted by Mr.Copper @ 15:50 on March 9, 2019  

As long as the Yuan stays in the 7 to $1 dollar area, nothing will improve. No US Based American company that moved over there would do so with a one or two year lease. You can bet your ass a 40 or or more year “lease agreement” on the exchange rate agreement was made probably back in the 1990s after China got the most favored nation trade status. To make sense the yuan should be 2 to $1.

Can u see any of the demo bozos dealing with this?

Posted by goldielocks @ 15:38 on March 9, 2019  

China Trade Talks

US-China trade talks have made little in the way of real progress.

BEIJING — The U.S. and China have yet to set a date for a summit to resolve their trade dispute, the U.S. ambassador to China said Friday, as neither side feels an agreement is imminent. (Wall St Journal)
There is suspicion and opposition to concessions on both sides:

China has a secret program to support the microchip and software industries. That’s according to Wang Jiangping, Vice Minister of Industry and Information Technology. Wang was speaking to CPPCC delegates at the Two sessions on Thursday, but the comments leaked to reporters (FX678):

“Last year, the Ministry of Industry and Information Technology planned the ‘Zhengxin Zhuhun’ project under the leadership of the Party Central Committee and the State Council.” “The state will give strong policy and funding support, because industries such as microchips and software need to be iteratively developed.”

Wang said the ministry had kept the policy under wraps. That’s presumably because of the recent international backlash to the Made in China 2025 program…..Wang’s comments have already disappeared from the Chinese internet.

Get smart: Given Xi’s self-reliance push in key technologies, nobody really thought China would give up its industrial policies for these sectors. (Trivium China)
Whoever leaked Wang’s comments was not trying to make trade negotiations any easier. Impact of the trade dispute is starting to emerge in both economies but resolution and enforcement of a trade agreement is a long and tenuous path.

https://mailchi.mp/e15e9480a44f/china-tip-sheet-march-8-chinas-secret-industrial-policysoes-get-new-ordershebei-to-cut-steel-productiontrade-datapoor-economic-policy?e=20e5aadf66

Impact of the trade dispute is more clearly visible on the chart below, with growth in total hours worked retreating below 1.5%. Slowing growth in hours worked warns that real GDP growth for Q1 2019 is likely to disappoint.

img_2746

Buygold GT

Posted by goldielocks @ 15:36 on March 9, 2019  

You don’t have to put exact or accurate personal information on FB but I understand.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.