In this interview with The Gold Report, Brent Cook and Joe Mazumdar of Exploration Insights share observations from their recent travels and a short list of companies they are compiling to take advantage of a possible upswing in gold in all currencies.
It’s been a whirlwind few hours in the bitcoin world as two tech publications say they have identified the real identity of bitcoin creator, Satoshi Nakomoto, the bitcoin price surged more than $20 in less than an hour to $417 and the Australian police conducted a raid on the supposed founders house within hours!
For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of resources, in turn weakening their currencies.
Outside of individual's holding crude oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices, so far. Unfortunately, this situation may not last.
Starved of cash, nearly 150 mining companies listed on the Australian Stock Exchange went into bankruptcy during the fiscal year that ended June 30. In this interview with The Gold Report, Karn shares a handful of names with the wherewithal to survive the onslaught.