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When a Gold Giant Throws in the Towel

Gold | August 13, 2018

Barrick Gold Corp is the world’s largest gold producer and they haven’t had a CEO in nearly four years. That’s their second largest problem. The company’s gold production has dropped more than 25 percent since 2013. Production is expected to fall even further. Part of the reason for the drop: Barrick’s Executive Chairman John Thornton […]

The Scary Secret Behind 4.1% Economic Growth

Gold | August 7, 2018

Did you hear? The U.S. economy grew by 4.1% in the second quarter. Should you cheer? Not so fast. The scary secret that few are talking about is the hidden cost of the goosed up economic growth. The massive corporate tax cuts passed in late 2017 are indeed having a short-term impact. Stocks are climbing. […]

3 Reasons You Should Ignore the Death Cross in Gold

Gold | July 26, 2018

The financial news networks have been abuzz talking about the “Death Cross” that appeared on the gold chart this summer. A Death Cross sounds pretty scary. Don’t worry, it’s not. A Death Cross is just a term that traders use when the 50-day moving average falls below the 200-day moving average. That was an invitation […]

Gold Fever in the Amazon Rain Forest: Those Who Hope To Strike It Rich

Gold | July 19, 2018

It’s illegal. It’s also a shot at riches. Open pit gold mining in the Amazon rain forest is path to a better way of life for maids, construction workers and farmhands who toil in hopes of finding a worldwide symbol of prestige and wealth: gold. Known to Brazilians as Garimpos, these men and women work […]

The Myth and Magic of “Touch Piece” Gold

Gold | July 9, 2018

The rarity of gold has always given the metal a mystical aura. There was a time when that aura felt real to most people. That time was the Middle Ages. Daily living was rife with disease. One of the more appalling ailments was lymphadenitis of the cervical lymph nodes, a disease associated with tuberculosis. Many […]