⛏️ $33 Trillion
The Resource Roundup
Good Reads
U.S. National Debt Tops $33 Trillion for First Time
America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the country’s shaky fiscal trajectory at a moment when Washington faces the prospect of a government shutdown this month amid another fight over federal spending. Read on »
How Safe Is Gold?
In short, the decision to invest in gold comes down to 1) the probability that an investor assigns to the prospect of international catastrophe and 2) the investor’s comfort level in ignoring that possibility. Read on »
Newmont clears regulatory hurdle for Newcrest deal, awaits shareholder vote
Gold miner Newmont Corp has received a clearance to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia's Newcrest Mining. If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share, with an implied value of A$29.27 a share. Read on »
Community News
Is The LME Losing Its Grip On Global Nickel Pricing? Link>>
Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices Link>>
Gold ticks higher as traders await Fed meeting Link>>
Outside the Box: Oil stocks could outshine clean-energy shares under this climate change scenario Link>>
Barrick Gold is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio Link >>