EOS is Breaking Transaction Processing Speed Records

EOS transaction speed: Transaction time is important. It has been a point of concern for many on the Bitcoin network for one, where congestion on the network has created a problem and transaction processing currently takes an average of 8-9 minutes.

In fact, transactions on Bitcoins network have ranged anywhere from 10 minutes to 30 minutes to even 7 days, 23 hours and 53 minutes at its peak in 2017.

But then there is EOS.

EOS Transaction Speed Breaks Record

EOS is blowing transaction times out the window with its near instant …

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Sunken gold worth billions found?

A sunken Russian warship off the coast of South Korea has treasure aficionados buzzing once again.

The ship was a victim of the 1905 Russo-Japanese war.

It is supposed to be full of gold.

In fact, the stories cite values that are so implausibly large that I don’t believe either.

A CNBC story says there is 200 tons of gold worth $ 130 billion.

The Daily Mail from Great Britain offers a slightly different figure, but still implausibly large.

It says $ 113 billion.

However, it also says, “Donskoi is believed to have been carrying the gold supplies of the entire Second Pacific Squadron when it sank, which would be worth $ 133 billion at today’s prices.”

Why don’t I believe the value numbers?

While I can believe the ship had an entire payroll aboard, my doubts come from simply doing the math.

A quantity of 200 metric tons of gold means the ship was carrying 6.43 million ounces of gold.

The current gold bullion value for one ounce is $ 1,215.80.

That puts the value of the potential gold hoard at $ 7.8 billion.

Such a sum is huge. But it is nowhere near $ 130 billion.

The CNBC story reported 5,500 boxes of gold bars and coins.

I just did a story about an upcoming coin auction featuring three bars of Gold Rush gold from California.

These are very desirable items to American collectors.

Pre-sale estimates are roughly twice melt value.

If we value the gold bars on the Donskoi at twice melt, we can ratchet up the $ 7.8 billion to $ 15.6 billion.

That is bigger than huge, but still much less than $ 130 billion.

To reach $ 130 billion, the recovered gold would have to be all coins sold for 16.66 times melt value.

You can buy a common date Liberty Head gold $ 20 for $ 1,254.09 on the APMEX website.

Melt value is $ 1,176.

Would coin collectors pay $ 19,592.16 for this coin if it had been brought up as recovered treasure?

We aren’t that stupid.

Premiums are paid for treasure coins, but not like that across the board.

A Russian warship also is not likely to be carrying many MS-67 rarities of even Russian coins that might help the total value along.

I think it is more plausible that there is no gold at all on the ship than that it contains gold worth even the much lower $ 7.8 billion number.

But it is an interesting story despite the exaggerated gold value estimates.

Let’s keep watching.

Buzz blogger Dave Harper won the Numismatic Literary Guild Award for Best Blog for the third time in 2017 . He is editor of the weekly newspaper “Numismatic News.”

 

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Chemesis Increases Stake in SAP Global

Chemesis International (CSE:CSI) announced it increased its controlling stake in SAP Global from 51 to 80 percent.

As quoted in the press release:

SAP is a California Corporation that controls legal cultivation and manufacturing licenses for the new state-of-the-art facility, where the Company will manufacture and distribute medical and recreational [tetrahydrocannabinol]THC and [cannabidiol] CBD products for the California market.

With recreational cannabis legal in California, SAP’s flagship facility and operations strategically located in Cathedral City, California, have the legal standing necessary to meet the California medical and recreational application requirements, which in turn will facilitate the sale of over-the-counter and holistic cannabis products.

SAP is able to process up to 2,000 [pounds] of agricultural trim and yield as much as 200 [pounds] of clean, compliant cannabis oil per day at its flagship facility. This capacity is intended to provide Chemesis with a consistent revenue stream with products that are essential to the industry and cater to both the medical and recreational cannabis markets in California. To increase its ownership of SAP to 80 [percent], the Company committed and paid an additional C$ 700,000 toward additional capital expenditures at the flagship facility.

Click here to read the full press release.

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Bitcoin Price Analysis – Bullish Golden Cross on the Hourly?

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War Eagle adds 122 hectares to the existing Kirana Goodfish Property, Kirkland Lake

War Eagle Mining Company Inc. (TSXV – WAR) (“War Eagle” or the “Company”) is pleased to announce that it has completed the purchase of the Deloye Family Claims (“Deloye Claims” or “the Claims”) located in the northeast corner of Teck and the northwest corner of Lebel townships, Ontario, 3.1 km north of the Kirkland Main Break. (Figure #1, #2 and #3.)

Fig. No.1 – Location of the Deloye Claims and mine shafts, trenches, and deformations zones, contiguous with the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)
Fig. No.1 – Location of the Deloye Claims and mine shafts, trenches, and deformations zones, contiguous with the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)

Property Scale Map with new Deloye Claims and the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)
Property Scale Map with new Deloye Claims and the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)

Fig No.3: Goodfish Kirana Property Map with new Deloye Claims. (CNW Group/War Eagle Mining Company Inc)
Fig No.3: Goodfish Kirana Property Map with new Deloye Claims. (CNW Group/War Eagle Mining Company Inc)

 

Fig. No.1 – Location of the Deloye Claims and mine shafts, trenches, and deformations zones, contiguous with the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)Property Scale Map with new Deloye Claims and the Goodfish Kirana Property. (CNW Group/War Eagle Mining Company Inc)Fig No.3: Goodfish Kirana Property Map with new Deloye Claims. (CNW Group/War Eagle Mining Company Inc)

The Deloye Claims land package consists of eight patented mining claims, a total of 122 ha, with mineral rights on all eight claims and surface rights on four of the eight, bringing the current Goodfish Kirana land package to 3,418 ha from 3,296 ha. These claims contain the old shafts and trenches of the historical Kirana Kirkland Lake Gold Mine “Kirana Kirkland Mine”, which stopped production in 1936. The reported historical grades for the Kirana Kirkland Mine from the Ontario Department of Mines Vol.1 LVII (1) include “narrow high-grade streaks of $ 20 to $ 150 per ton in gold. The 2018 estimated equivalent is between 30 g/t of gold and 145 g/t of gold.

Under the terms of the acquisition, War Eagle has agreed to:

  • Pay to Diane Deloye (“Deloye”), the sum of one-hundred and fifty-five thousand dollars (CAD155,000) upon the closing of the Transaction. The Company also agrees to pay all reasonable legal fees.
  • Grant to Deloye a 1.5% royalty based on net smelter returns) (“NSR” or “Royalty”) on all mineral products produced from the Claims. The Company shall have the right to the buy-down or buyback 1% of the NSR for $ 1 million dollarsas per terms of the NSR Agreement.

Danièle Spethmann, President and CEO of War Eagle stated: “We are very pleased to have come to an agreement with the Deloye family on the acquisition of these claims. It is expected that the historic Kirana Kirkland Mine, located within the newly acquired Deloye Claims will be a rewarding exploration endeavor for War Eagle. The Mine’s historic shafts are located close to the intersection between the two major mineralized structures on our property, the Kirana Deformation Zone and the Goodfish Deformation Zone. Exploration on a small part of this land package was completed in the late 1980’s and the rest of the claims have not been efficiently explored to any depth for more than 30 years. We look forward to exploring this prospective ground and anticipate that it will generate positive results for War Eagle.”

History of the Deloye Claims

The patented claims and the surface rights have been owned by the Deloye family since the 1970’s.

The historical records from the Ontario Department of Mines report that up to 1917, the La Belle Kirkland Mines Ltd. developed six shafts and trenches. Shaft No.1 on claim L1751 was the most developed with an inclined shaft to a depth of 300 feet. This shaft was subsequently deepened to 360 feet, with 1,150 feet of lateral work undertaken at the 100 feet and 250 foot levels. In 1933, Kirana Kirkland Gold Mines Ltd. reported that they had conducted de-watering and chip sampling of shaft and underground levels and also some surface muck samples were taken and assays begun but not completed. The mine was subsequently closed at the outbreak of World War II.

Between 1988 and 1990, Minnova Inc. drilled seven widely-spaced drill holes (KIR 1 to 7, totaling 1,637.5 m) and completed ground geophysics and soil geochemisty. Drill hole KIR-3 located north of Shaft No. 1 (Claim L1751) reported an assay of 21 g/t over 0.3 m near surface. No further exploration work has been undertaken on any of the claims since.

(1)Burrow, A.G. and Hopkins, P.E. Ontario Bureau of Mines. “Boston Creek Gold Area and Goodfish Lake Gold Area” Vol XXIII, Pt. 2, 1916

About War Eagle Mining Company Inc.
War Eagle is a TSX Venture Exchange listed company focused on the exploration of gold in northern Ontario, Canada. The Kirana-Goodfish property is located five kilometers from the center of the Town of Kirkland Lake, Ontario where over 40 million ounces of gold have been produced. The property is approximately 10 km long by 3 km wide (34 km2) with numerous historical gold showings, historic mines and mineralized deformation zones that have been under-explored with modern technology.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents as it relates to War Eagle.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. The forward-looking statements are based on certain key expectations and assumptions made by the Company. Although War Eagle believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because War Eagle can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Company’s management discussion and analysis of the financial condition and results of operations for the year ended March 31, 2017 and the third quarter ended December 31, 2017, which are available at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and War Eagle undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

For further information: please contact: Danièle Spethmann, P.Geo, President & CEO, War Eagle Mining Company Inc., (647) 344-3433, dspethmann@wareaglemining.com; Malcolm Burke, Director, War Eagle Mining Company Inc., (604) 220-2000, mburke@wareaglemining.com; Joanne Jobin, Investor Relations Officer, War Eagle Mining Company Inc., (647) 964 0292, info@wareaglemining.com

Related Links

http://www.brittoncapital.com

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Mastercard Files Another Blockchain Patent

Mastercard files Blockchain patent

Mastercard files blockchain patent: Mastercard has filed another blockchain patent. According to a US Patent and Trademark Office, the company filed the patent July 17. The new patent is aimed at consumer protection and blockchain payment transactions. 

The patent document outlines its main goal: to quicken merchant transactions that use cryptocurrencies. Currently, the length of time it takes to confirm and complete transactions is making exchanges with crypto’s difficult and inefficient. Even though the technology is already widely available that could make the whole process instantaneous.

The application includes an outline for a new …

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Bitcoin Holders Are Today Learning Something Goldbugs Already Know

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62715.html
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Analyst Retains ‘Buy’ Take on WeedMD Following Hiku Reversal

A new analyst report values the potential for a medically focussed cannabis producer after suffering a reversal in a potential merger.

Greg McLeish, analyst with Mackie Research Capital covering the cannabis space issued a new research data report stamping WeedMD (TSX:WMD) with a one-year price target of $ 4 and retained his “Buy” rating.

McLeish highlighted the company’s current cash situation and said its funded capacity provides a strong asset.

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“This strong cash position will also allow management to pursue strategic acquisitions and address potential working capital requirements,” McLeish wrote, according to Cantech Letter.

WeedMD was stuck in a business turnabout from Hiku Brands (CSE:HIKU), a company with which it held an arrangement to essentially merge both businesses.

As the deal continued to move forward, Canopy Growth (TSX:WEED; NYSE:CGC) entered the picture with an acquisition offer for Hiku.

“Ultimately, together we [Canopy and Hiku] will continue to build one of the world’s most engaging and successful cannabis retail and brand business,” Alan Gertner, CEO of Hiku said in a statement.

Thanks to the annulment from Hiku, WeedMD obtained a C$ 10 million termination fee, which the company highlighted as part of its cash position.

WeedMD’s stock declined immediately following the announcement from Canopy and Hiku, and continued with the company reaching a C$ 1.49 price point per share from its previous close on Tuesday (July 17).

Since the Hiku reversal on July 10, WMD has declined in price 27.32 percent.

McLeish’s new projection comes after endorsing the original merger with Hiku in a previous note.

Investor takeaway

Support from the financial community for WeedMD shows a strong foundation from the cannabis producer as it recovers and begins searching a potential new entry into the recreational cannabis space.

WeedMD will now have to deliver on its business strategy for investors to return to its side following the decline of the Hiku reversal.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Hiku Brands is a client of the Investing News Network. This article is not paid-for content.

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Stellar (XLM) & Cardano (ADA) Lead the Crypto Market – Project Updates & Big Gains

Stellar (XLM) Cardano (ADA)

The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market. We’ll be checking in on Stellar (XLM) and Cardano (ADA) for the latest project updates.

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain- and crypto-related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, most coins in the top 100 are in the green, …

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Easy Money Over, Show Time Begins As Real Macro Battle Ahead

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62716.html
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Vote for Recreational Cannabis in Florida Gains Momentum

Call for legalization of recreational cannabis in Florida gains momentum, report says.

According to a local Florida Fox station report on Tuesday (July 18), lawyer John Morgan has thrown his financial support behind a new ballot initiative to legalize cannabis in the state. Morgan has been a leading cannabis advocate figure in Florida.

The report indicated the initiative needs at least 766,200 signatures to make it into the ballot and be up to the voters.

Nick Garulay, founder and CEO of My Florida Green, an advocate group helping patients get cannabis medicine in the state, told Fox 4 Now there is a substantial demand for recreational cannabis that will push the proposal for a vote on the 2020 ballot.

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Voters in Florida overwhelmingly approved the use of medical cannabis during the 2016 election, with policy enacted by Gov. Rick Scott in June 2017.

Cannabis consumers in the state have faced a rocky road with the use of the drug in Florida, most notoriously this year when the state banned smoking cannabis products. In May Leon County Circuit Court Judge Karen Gievers ruled against the ban from the government.

Players in the Florida market

Investors have been able to gain exposure to the medical cannabis market in Florida thanks to the dispensaries and businesses of iAnthus Capital Holdings (CSE:IAN) and Liberty Health Sciences (CSE:LHS).

These two companies have enjoyed a newfound goodwill towards US-focussed operators from analyst and public market experts.

Canadian Securities Exchange (CSE) listed companies in particular have seen substantial growth this year. The Canadian exchange hosts a variety of these companies with US assets despite the federal illegality of the drug.

Legalization in the US has been gaining momentum thanks to new legislation being proposed for its de-scheduling from illegal substances list and for the protection of businesses operating in the space.

A recent public dispensary operator, MedMen Enterprises (CSE:MMEN), also made its debut in the Florida market by acquiring cannabis assets from Treadwell Simpson Partnership.

These assets included a cannabis cultivation facility in Eustis, a city in Lake County just north of Orlando and the option to open 25 dispensaries in the state, according to the company.

“Florida is the third most populous state in the country with a medical marijuana market estimated to reach $ 1 billion in annual sales by 2020,” CEO of MedMen Adam Bierman said.

Investor takeaway

Opening the recreational market in Florida would provide a boost to an already thriving market and would surely incentivize more public ventures from exploring options in the state.

Don’t forget to follow us @INN_Cannabis for real-time news updates! Stay tuned to our cannabis channel for more stories from Lift.

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

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Economic Combustion Powering SPX to Test All-Time High?

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62730.html
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Risky Business: Lobo Tiggre Says Investors Have Nowhere to Hide

In part 3 of INN’s series on risk, we spoke with independent speculator Lobo Tiggre, also known as Louis James.

So far, Rick Rule has said all jurisdictions are risky because of greedy politicians, and Jayant Bhandari has said that countries with more substantial legal and government systems in place are more predictable, and therefore inherently more stable to do business in.

In the last article of this series, Lobo Tiggre shares his thoughts on what makes jurisdictions risky and if there’s anywhere investors can shelter from the buffeting winds of political change.

What makes a jurisdiction safe?

In short: nothing.

Independent speculator Lobo Tiggre said that when it comes to safety in jurisdictions, “there’s no such thing.”

Tiggre threw the net wider in assessing whether or not a jurisdiction was risky, saying that pretty much everything had to be considered by investors—and he has plenty of experience, having traveled all over the world kicking rocks (and picking stocks).

“There are so many things that can go wrong in any given jurisdiction and hurt share prices of all companies working there,” said Tiggre.

“It’s much more than just the risk of an anti-business politician winning an election.”

Tiggre said that besides political risk, investors had to be ready for everything; a coup d’etat, floods, droughts, earthquakes, nationalization, trouble with indigenous peoples, economic collapse, trouble with non-government organizations operating locally, changes in tax and royalty laws as well as regulations, terrorism and even outbreaks of sickness and disease.

“Not all of these things are political, but all of them can affect every company working in the country, even companies with operations on the ground that remain completely unaffected.”

Political climate potent in all jurisdictions

With those hazards to watch out for, Tiggre said that there was “no such thing” as a safe jurisdiction to operate in, and that while some jurisdictions were “more prone to ebola outbreaks than others”, “safer” jurisdictions like the US and Canada were “always subject to change” that was an outcome of a cyclical political climate.

“Remember when Quebec decided to raise taxes on mining a few years ago, dropping it out of the top rankings in the Fraser Institute’s ranking of mining jurisdictions? Or in any Canadian province when the New Democratic Party wins, or in the US when the Democrats win?”

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Tiggre said that some companies sidestepped trouble by simply avoiding jurisdictions outright, skipping negotiations and cutting out any uncertainty.

“I do know that many companies operate on a simple blacklist principle. They have a list of ‘no go’ countries and they just don’t go there, no matter how exciting the opportunities might seem.” He said that many investors used the same approach to save heartbreak as it was much safer than trying to predict risk based on models.

“I also know that some financial types try to model this stuff and predict it, but I’ve never heard of anyone (predicting risk) reliably.

“I think it’s foolish and dangerous to put too much weight on such models.”

Price always trumped risk though said Tiggre, and a project in a country that’s twice as dangerous as an alternative but a tenth the initial price will attract investment.

“Whatever the ‘correct’ political risk discount might be, if a company doing business in a risky place makes a big discovery, builds a profitable new mine, or adds a lot of easily grasped value, the stock is likely to respond.”

How to know risk?

All that said, he said there was no crystal ball on predicting risk—after all, circumstances change.

There is never any way to really know what the risk is,” said Tiggre.

“You can sense that it’s more or less in certain places, but even the best places can take a turn for the worse and the worst places can take a turn for the better.

“That doesn’t mean you stay out of the market. It does mean you always remember that you are speculating, and never kid yourself into thinking that you’re investing. Not in natural resources, not even on the largest companies in the space.”

Tiggre said that the most sure-fire way of finding out about a project is to simply go to it and have a look around.

“What getting your boot on the ground does is give you a feel for whether the discount on a scary jurisdiction is overdone, or if the confidence in a safer jurisdiction might be ill-placed. That’s hard to tell without getting out there and speaking with the locals—preferably on your own, without management around, or official translators.”

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence

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Bitcoin Price: Bitcoin (BTC) Nears $7,500

Bitcoin Price

Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months. Let’s check in on the Bitcoin price.

Bitcoin Price Movement

Last week, Bitcoin had an unimpressive week on the market, but it seems to have turned itself around as BTC has seen over a 15% increase in just seven days. This doesn’t compare to the percentage gains the cryptocurrency was seeing towards the end of last year, but it’s a positive step.

This morning, Bitcoin gained over $ 10 billion in total …

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Trump Manchurian President Embarrasses Putin By Farcically Blowing his Russian Agent Cover

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62732.html
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MOD Resources to Consolidate 100 Percent of T3 Project

MOD Resources Limited (ASX:MOD) has announced that it has executed binding agreements with Metal Tiger (LSE:MTR) to acquire MTR’s 30 percent stake in the T3 Project so that at completion MOD will own 100 percent of the T3 project in Botwana.

MOD has also executed binding agreements on the rights to purchase, at MOD’s election, MTR’s 30 percent interest in all other joint venture exploration assets with MOD up to 3 years from completion.

As highlighted in the press release:

  • Binding agreements with MTR to acquire MTR’s 30 percent interest in the substantial T3 project
  • 100 percent consolidation streamlines proposed financing and development of the T3 project
  • Transaction ~14 percent accretive for MOD shareholders in terms of per share ownership of T3 project
  • MOD receives rights to acquire, at its election, all other JV exploration assets
  • These rights provide significant additional option value for MOD shareholders
  • MTR to continue to fund its 30 percent share of JV exploration assets, outside the T3 project
  • Total scrip consideration ~A$ 26.6 million, significant restrictions including 12 months escrow

Managing director of MOD, Julian Hanna said:

“The MOD Board believes this binding agreement with Metal Tiger has the potential to add significant value for MOD shareholders.”

Click here to read the full MOD Resources (ASX:MOD) press release.

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The Fonzie–Ponzi Theory of Government Debt: An Update

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62731.html
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US Launches National Security Investigation into Uranium Imports

After the latest round of international tariffs, the US Commerce Department has launched a probe around the national security of uranium imports into the country.

The investigation will target the entire uranium space, from the mining sector to energy, defense and industrial use. This latest move by the Trump administration could result in more tariffs, continuing to heighten fears of a looming global trade war.

According to the Department of Commerce, the probe will focus largely on “whether the present quantity and circumstances of uranium ore and product imports into the US threaten to impair the national security.”

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The ramifications of a uranium-specific tariff would be especially large on the energy sector as uranium is the key fuel for nuclear power plants. Currently the US only produces five percent of the uranium its energy sector consumes, with the vast majority being imported from Canada, Kazakhstan, Russia, Australia and Uzbekistan.

The probe, which was announced Wednesday (July 18), is the result of a January petition filed by two US uranium mining companies, UR-Energy (TSX:URE) and Energy Fuels (TSX:EFR). The miners requested the Commerce Department to investigate the matter under Section 232 of the 1962 Trade Expansion Act.

A similar inquiry in the name of national security was launched earlier this year around imports of steel and aluminum. The findings resulted in a stiff 25 percent duty on imports of the industrial metals from the European Union, Canada, Mexico, China and Japan.

There is currently another investigation underway focused on the threat to security posed by auto imports.

The price of uranium has only recently begun to regain some of its strength following the 2011 Fukushima accident, which drove demand down when Japan took all its nuclear reactors offline.

Production of U308 was also reduced after 2011 and took a further blow late last year when the largest uranium producer in North America, Canadian-based Cameco (TSX:CCO), reduced its output.

While some worry the current probe will end in new tariffs, a similar uranium examination was launched in the US in 1989, citing the same legal provisions. The results of the late 80s investigation found foreign shipments didn’t threaten American national security.

“Our production of uranium necessary for military and electric power has dropped from 49 percent of our consumption to five percent,” said Secretary of Commerce Wilbur Ross. “The Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair, and transparent review to determine whether uranium imports threaten to impair national security.”

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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Energy Fuels is a client of the Investing News Network. This article is not paid-for content.

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Marc Lasry: “Bitcoin Investors Will Make 5 to 10 times their Money in 3 to 5 Years”

Marc Lasry Predicts: Bitcoin has been on a run this week. The coin made a whopping and sudden 10% gain yesterday and it is still heading skyward.

Currently, it is sitting pretty at $ 7,457.

This week’s gains are surprising to some considering Bitcoins recent moves; it seemed everything was steadily going southward.

Marc Lasry Predicts

Avenue Capital Group CEO, Marc Lasry, has always regretted not buying Bitcoin when it was $ 300. The billionaire spoke of his regret back in December and has spoken out favorably for the coin again today with a …

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