Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
North American markets are selling off with the S&P 500 down 1.03% and TSX tumbling 1.16%, hitting a 20-month low.
Gold is actually having a good day. Spot gold is up $21 to $1150 per ounce. Silver is at $15.55 oz.
Crude oil is at $41.41 a barrel.
Copper is at $2.33 per pound.
Factors weighing on the markets are the decreasing likelihood that there will be an interest hike by the U.S. Federal Reserve. China is also a concern.
Creative Commons image by Damian Morys
Comments
Gene Byrge
The prices are beginning to align themselves with reality. Since gold is grossly undervalued, it is headed for higher heights. Care for a ride?