Vulture In Review

Tuesday, July 29, 2014

Pretivm Closes US$60 Million Primary and Secondary Common Share Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2014) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (Pretivm or the Company) is pleased to announce the closing of its previously announced marketed offering (the Offering) of 8,280,000 common shares at a price of US$7.25 per share (the Offering Price). Pursuant to the terms of the Offering, Pretivm received gross proceeds of US$49,524,750 for the sale of 6,831,000 common shares. The remaining 1,449,000 common shares were sold by Silver Standard Resources Inc. (Silver Standard) at the Offering Price in a secondary offering for gross proceeds of US$10,505,250. The net proceeds of the Offering to the Company will be used

Continue reading "Pretivm Closes US$60 Million Primary and Secondary Common Share Offering" »

Ron Paul - Stocks are in a Bubble and will Crash

The CNBC set up for the brief video below reads: Ron Paul, the former U.S. representative from Texas and perhaps Americas most popular libertarian voice, has long said that the nations monetary and fiscal policies would result in massive inflation. According to the common measures of inflation, this has not yet occurred. But Paul maintains that the inflation he has warned of has indeed come to fruition in asset prices, and that once it unravels, a market crash will ensue. I think theres plenty of inflation, but my definition of inflation is a little different than the rest, because I think prices going

Continue reading "Ron Paul - Stocks are in a Bubble and will Crash " »

GoldCore - Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify

Mark OByrne of GoldCore writes: Today’s AM fix was USD 1,307.50, EUR 972.84 and GBP 770.39 per ounce. Yesterday’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce. Gold climbed $2.30 or 0.18% yesterday to $1,305.10/oz and silver rose $0.12 or 0.58% to $20.62/oz.

Continue reading "GoldCore - Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify" »

Monday, July 28, 2014

Japan’s Retail Sales Drop in Challenge to Abe Reflation: Economy

Japan’s retail sales fell more than forecast in June, capping a weak quarter that challenges Prime Minister Shinzo Abe’s bid to reflate the economy while heaping a heavier tax burden on consumers.

Continue reading "Japan’s Retail Sales Drop in Challenge to Abe Reflation: Economy" »

Precipitate Commences First-Phase Drill Program at the Ginger Ridge Zone in the Dominican Republic

Vancouver, B.C. - July 28, 2014 - Precipitate Gold Corp. (the Company or Precipitate) (TSXV: PRG) is pleased to announce the commencement of a first-phase drill program at the Ginger Ridge gold zone within the Companys 100% owned Juan de Herrera project in the Tireo Gold Camp in the Dominican Republic. The drill and crews have been mobilized to site and the Companys maiden drill program at Ginger Ridge is now underway. The program will total approximately 1,200 metres (m) of diamond drilling and consist of 6 to 8 holes aimed at testing priority near-surface target areas within the central core of the

Continue reading "Precipitate Commences First-Phase Drill Program at the Ginger Ridge Zone in the Dominican Republic" »

Sunday, July 27, 2014

COMEX Swap Dealers Hedging a Massive Long Play on Silver?

HOUSTON – We have just two stops to make on today’s rabbit trail, but both of them “count” and both are pretty dang important. Today we will be looking at what some are calling a “too-high, too fast” net long position in silver by Managed Money traders and then we will cover an aspect of the huge, record high short position in silver futures held by the mercenary Swap Dealers, and it’s a “keeper.” So, with no further preamble, let’s take the lesser of the two first and move on from there. I am Shocked! Shocked that Managed Money Traders are So Net

Continue reading "COMEX Swap Dealers Hedging a Massive Long Play on Silver?" »

My thoughts On Pat Buchanan’s Brilliant And Incisive Take On Washington’s Ukrainian Fiasco

David Stockman brings us Pat Buchanan with timely commentary on the Ukraine, Russia and the U.S. Pat asks brilliantly, who is the real problem here? David begins: In just 800 words Pat Buchanan exposesthe sheerjuvenile delinquency embodied in Washington’s currentUkrainian fiasco. He accomplishes this byreminding us of the sober restraint that governed the actions of American Presidents from FDRtoEisenhower, Reagan andBush I with respect to Eastern Europe duringfar more perilous times. In a word, as much as they abhorred the brutal Soviet repression of the Hungarian uprising in 1956, the Prague Spring in 1968 and the solidarity movement in Poland in the early

Continue reading "My thoughts On Pat Buchanan’s Brilliant And Incisive Take On Washington’s Ukrainian Fiasco " »

Saturday, July 26, 2014

US evacuates embassy in Libya amid clashes

Matthew Lee reports for the AP. WASHINGTON (AP) — The United States shut down its embassy in Libya on Saturday and evacuated its diplomats to neighboring Tunisia under U.S. military escort amid a significant deterioration in security in Tripoli as fighting intensified between rival militias, the State Department said.

Continue reading "US evacuates embassy in Libya amid clashes" »

Friday, July 25, 2014

C’mon Alan! Bubbles Are Caused By Central Bankers, Not “Human Nature”

David Stockman writes: Alan Greenspan just cannot give up the ghost. During his baleful 18-year reign, the Fed was turned into a serial bubble machine—and therebybecame aclear and present danger to honest free market capitalism and anenemy of the 99% who do not benefit from the Wall Street casino and thevast inflation of financial assets which it has enabled. His legacy is a toxically financialized economy that hasextracted huge windfallrents from main street, and left it burdened with overwhelming debts and sharply reduced capacity for gains in real living standards and breadwinner jobs. Yet after all this time Greenspan still insists on blaming

Continue reading "C’mon Alan! Bubbles Are Caused By Central Bankers, Not “Human Nature”" »

Greenspan says bubbles can’t be stopped without ‘crunch’

WASHINGTON (MarketWatch) — Former Federal Reserve Chairman Alan Greenspan has always been a student of the economy. Since the financial crisis, he’s become a student of human nature. Sitting in his office with a view of the Washington Monument in the distance, Greenspan is eager to share the insight distilled in his recent book, “The Map and the Territory,” due out in paperback this fall. ‘There is definite evidence the economy is picking up. The financial system is finally beginning to lend. But, what we don’t know is whether, when the recovery gets underway, it is going to run into another false dawn.’

Continue reading "Greenspan says bubbles can’t be stopped without ‘crunch’" »

Russia threatens to hit British companies in 'retaliation' for sanctions

Russia has issued a threat to seize the assets of British companies including BP and Shell as a retaliation against David Cameron’s demand for tough sanctions. In a mounting war of words, a senior diplomatic source claimed Moscow would “fight back” against any industry-wide EU sanctions by putting British companies working in Russian oil on the frontline. “We want friendly relations. We will go along as far as we can. Then we will retaliate,” the figure said. The official measures will include seizing the assets of British firms, adding: “BP and Shell have a lot of assets in Russia.” Related Articles EU targets

Continue reading "Russia threatens to hit British companies in 'retaliation' for sanctions" »

Gold Lockdown Until GoldCore - Options Expiry Monday - New Singapore Gold Contract Threatens Manipulation

Mark OByrne, GoldCore.com writes: Today’s AM fix was USD 1,292.50, EUR 961.18 and GBP 761.64 per ounce. Yesterday’s AM fix was USD 1,300.00, EUR 964.68 and GBP 763.76 per ounce.

Continue reading "Gold Lockdown Until GoldCore - Options Expiry Monday - New Singapore Gold Contract Threatens Manipulation" »

Thursday, July 24, 2014

Ukrainian PM, Cabinet Resign

DONETSK, Ukraine (CNN) -The United States said Thursday it has proof that Russia is firing into Ukraine. ... Also Thursday, Ukrainian Prime Minister Arseniy Yatsenyuk and his Cabinet announced their resignation in what Ukrainian political experts said was an expected development. Yatsenyuk and his Cabinet will remain in place as an acting government until elections in October.

Continue reading "Ukrainian PM, Cabinet Resign" »

Ukraine’s prime minister resigns as coalition falls apart

Ukraine’s prime minister resigns as coalition falls apart... (Reuters and AP Confirm). Ukrainian Prime Minister Arseniy Yatsenyuk said Thursday that in light of recent turmoil in parliament, he is resigning his post. He scolded politicians for failing to increase army financing. (Reuters) More...

Continue reading "Ukraine’s prime minister resigns as coalition falls apart" »

Missing Air Algerie plane from Burkina Faso has crashed: Algerian official

(Reuters) - An Air Algerie flight crashed on Thursday en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, an Algerian aviation official said. There were few clear indications of what might of happened to the aircraft, or whether there were casualties, but Burkino Faso Transport Minister Jean Bertin Ouedrago said it asked to change route at 0138 GMT (9.38 p.m. EDT) because of a storm in the area. I can confirm that it has crashed, the Algerian official told Reuters, declining to be identified or give any details about what had happened to the aircraft on its way

Continue reading " Missing Air Algerie plane from Burkina Faso has crashed: Algerian official" »


Recent Comments



The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter


Contact Us