Articles related to construction
 
Mark O'Byrne - gold.ie
Silver Very Undervalued from Historical Perpective of Ancient Greece
– What wages in ancient Athens can tell us about the silver price today – Wages paid in silver in ancient Athens compared to wages today – Silver massively undervalued compared to the past few thousand years The cost of building the Parthenon was 469 silver talents, or about £5.6m. by Dominic Frisby Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC. I bet you’ve never read a Money Morning that began like that before. Why on earth would I want to do such a thing?
Friday, February 23, 2018
Alasdair Macleod - Finance and Eco.
The origin of cycles
It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, rec
Friday, February 16, 2018
Mac Slavo - ShtfPlan
  Concrete Nuclear Dome Is LEAKING RADIOACTIVE Waste Into The Ocean
The nuclear waste dome on Runit Island northeast of Australia is leaking. The site is pouring nuclear radioactive waste from 43 tests directly into the ocean. Between 1948 and 1958, the Enewetak Atoll was used by the US government to test 30 megatons of nuclear weapons, which is the equivalent to 2,000 Hiroshima blasts. More than 8,000 people later worked hard to clean up that island, shifting 110,000 cubic yards of radioactive debris into a 30-foot-deep crater, which was later sealed in a concr
Wednesday, February 7, 2018
Chris Powell - GATA
Nearly a thousand gold miners trapped underground in South Africa
* * * By Allan Seccombe Business Day, Johannesburg Thursday, February 1, 2018 About 950 workers are trapped underground at Sibanye-Stillwater's Beatrix gold mine in the Free State, after an overnight power failure cause by a lightning strike. Rescue efforts are under way, the Association of Mineworkers and Construction Union (AMCU) said this afternoon. At least 40 workers had been brought back to the surface at the gold mine, with 950 miners still below ground at 3 Shaft at Beatrix, the union s
Friday, February 2, 2018
Przemyslaw Radomski CFA - SunshineProfits
Stocks Went Sideways, No Quick Reversal Means Trouble
The main U.S. stock market indexes gained 0.1-0.3% on Wednesday, as they fluctuated following recent move down. Investors were uncertain ahead of quarterly earnings, FOMC Rate Decision, economic data releases. The S&P 500 index remained below its Tuesday's relatively big daily gap down. It currently trades around 2.1% below its January 26 record high of 2,872.87. Yet, it remains 4.7% above its December 29 close of 2,673.61. The Dow Jones Industrial Average gained 0.3% on Wednesday, as it bounced
Thursday, February 1, 2018
Mish - Global Economic Analysis
America First Policy Hits Tennessee's Hopes of LG Manufacturing Plant
Trumps America First policy threatens a new LG Electronics washing machine factory in Tennessee. The details are ironic. Déjà Vu Tariff Madness Reuters reports Hung Out to Dry Twice, Tennessee City Stumped by Trump's Washer Tariffs. When President Donald Trump imposed steep tariffs on imported washing machines last week it was a “Not Again” moment for officials in this north Tennessee city that has lost jobs to an international trade dispute before. The move threatens to stunt the launch of a n
Thursday, February 1, 2018
Mark O'Byrne - gold.ie
London Property Market Tumbles As Glut of Luxury Apartments Grows To 3,000
– London property market tumbles as glut of luxury apartments grows to 3,000– Property crisis in London as over half of 1,900 luxury apartments built 2017 fail to sell– London’s still high priced property causes companies to locate offices elsewhere– At current rates, glut of London properties will take three years to sell– Leading London-based estate agents Foxtons’ sees 42% drop in earnings, yoy– UK’s largest estate agent issues second profit warning in three months – Number of homes sold in D
Tuesday, January 30, 2018
Richard Mills - Ahead of the Herd
Resurgent US oil industry priming the economic pump
Crude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking the country into recession and snuffing out the oil boom in Alberta. Many foreign companies operating in the high-cost Canadian oil sands pulled up stakes. One of the hardest hit countries was Venezuela, whose petr
Saturday, January 27, 2018
Przemyslaw Radomski CFA - SunshineProfits
While Everyone Focuses on U.S. Government Shutdown, This Country Faces Crisis
The U.S. government partially closed at midnight on Friday. But the UK deals with a much more serious crisis. Potentially also for gold. Unlike the U.S. Government, the Gold Market Never Closes So it happened again. The most powerful country in the world didn’t manage to renew another short-term government funding extension. It’s quite embarrassing, but we all should already get used to it. Since 1976, there have been almost 20 previous occurrences. But the world never collapsed. Why should it,
Tuesday, January 23, 2018
Nathan Lewis - New World Economics
How Much Should Homes Cost (To Rent)
Previously, we looked into how much homes should cost. Basically, we concluded that the cost of homes should be a function of construction costs, which are basically stable, profit and some other non-construction costs such as corporate overhead, and land costs. Since there is no particular shortage of land in any U.S. city today, there is no particular reason for very high land costs; and thus, no particular reason why homes should cost very much more than construction costs. October 22, 2017:
Sunday, January 21, 2018
The Gold Report
Turnarounds Coming at Three Resource Companies
Adrian Day of Adrian Day Asset Management provides updates on three resource companies with recent developments, one of which he deems a good buy now.  Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE, 21.90) has agreed to a revised stream arrangement on the San Dimas mine, as the near-bankrupt operator, Primero Mining Corp. (P:TSX; PPP:NYSE), is acquired by First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE). Wheaton will now receive a lower stream
Saturday, January 20, 2018
Deepcaster
Profiting in 2018
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence(Part 1)Key Sector Bubbles Bursting and Mega-Moves Up in others are our forecast for 2018—and we expect the Bursting and one Mega-Spike UP to begin very soon. (See our latest Alerts and Letters for our Specific Forecasts and Buy Recommendations).The election of Donald Trump as President and then the December, 2017 passa
Saturday, January 20, 2018
Alasdair Macleod - Finance and Eco.
The truth about trade
The one subject, which became a headline issue last year, and even divides experts is trade. It will become increasingly important in 2018 as the US develops her trade policy, particularly with respect to China, and as the UK negotiates her Brexit terms with the EU. Ignorance dominates this subject. Surely, people say, industry should be protected from unfair trade practices, such as goods manufactured in foreign sweat-shops, or unfair dumping of commodities, such as steel. If President Trump ca
Thursday, January 18, 2018
Peter McKenzie-Brown - Language Instinct
The Tristan Chord: A book review
The Tristan Chord: Wagner and Philosophy; Brian Magee, 2000, Macmillan A book review by Peter McKenzie-Brown Tristan und Isolde is an opera in three acts by Richard Wagner to a libretto he wrote himself. I’m not sure how well you know Wagner. A lot of opera lovers, including my wife, find his operas difficult and only listen to them under duress. Personally, I love his work. Today, I want to talk about the evolution of a revolutionary chord in this opera. I’m not going to push your musical ski
Tuesday, January 16, 2018
Przemyslaw Radomski CFA - SunshineProfits
Gold Prices Choppy after Payrolls
The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why? December Payrolls Disappoint Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and health services (+28,000), and manufacturing (+25,000). The latter rise is a particularly brigh
Tuesday, January 9, 2018
Nathan Lewis - New World Economics
Life After Heroic Materialism
It’s been a long time since I talked about “Heroic Materialism.” However, I find that these themes are rising in the broader culture, so let’s take it up again here. The Traditional City/Post-Heroic Materialism Archive For a long time, I’ve done a “Life After Cars” piece around the end of the year. These were intended to be something like introductory items, presenting some of the basic ideas to people who might be seeing it for the first time. (“Life Without Cars” gets a lot of search hits from
Saturday, January 6, 2018
Sprott Money
Get an Education - Jeff Thomas
Back in the ‘60’s, an interviewer asked the “King of Folk Music”, Bob Dylan what his goal in life was. Bob answered something to the effect of, “I want to make enough money to go to college, so one day I can be somebody.” Bob had a good sense of irony. And certainly, he was always more inclined to think outside the box than to follow the well-trodden path. That was part of what made him so interesting and part of what made him so successful. A similar sentiment was expressed in a song by hi
Saturday, January 6, 2018
Mish - Global Economic Analysis
Construction Spending Accelerates
Construction spending rose more than expected in November. Revisions add to the gains.Here are some highlights from the Census Bureau's Monthly Construction Spending Report for November 2017. Total Construction Construction spending during November 2017 was estimated at a seasonally adjusted annual rate of $1,257.0 billion, 0.8 percent above the revised October estimate of $1,247.1 billion. The November figure is 2.4 percent above the November 2016 estimate of $1,227.0 billion. During the first
Thursday, January 4, 2018
Mary Anne & Pamela Aden - Aden Forecast
Looking Good
As the new year begins, it's an ideal time to look ahead... And overall, things are looking good... The global economy is picking up momentum, interest rates remain at low levels, earnings are strong, sentiment is positive and most of our technical indicators are bullish. Plus, the U.S. dollar is now breaking down again and it's declined about 10%  so far this year. This is actually good for stocks, the economy, gold, the resource sector and commodities in general. In fact, copper has be
Wednesday, January 3, 2018
Michael Ballanger
COT Report: Predictably Stomach Churning but Bullish
Here is a really good question. Anyone out there lose money trading gold and silver or related mining shares in the past couple of months? I did. My friends did. The bulk of the managed money (hedge fund) players did. However, it's all "JUST FINE" because the Dow and the S&P hit all-time highs again as the last vestiges of the post-2008-GFC rescue reflation is now SURGING into paper assets. More importantly, those bullion bank millennials that were hired by their uncles and fathers and grandfath
Tuesday, December 19, 2017
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