Are we on the brink of an existential war between two nuclear-armed powers? I don't refer to the U.S. and China over Taiwan nor the U.S. and Russia over Ukraine. I'm referring to India and Pakistan. That's the most dangerous corner of the world today. And the answer to the existential question is yes.The immediate cause of the new war between India and Pakistan involving the disputed regions of Ja...Read More
Last week, Moody's Ratings lowered the United States credit rating. Fitch Ratings and S&P Global Ratings had already lowered the US rating. This new downgrade was driven by Congress's failure to make any efforts to reduce the almost 37 trillion dollars national debt.When Moody's made its announcement, the House Budget Committee was scrambling to get the votes to pass legislation extending the...Read More
Global Analyst Adrian Day looks at some quarterly results, as well as other recent developments, from companies on his list. He believes there are some good Buys, thanks to market overreactions.Pan American Silver Corp. (PAAS:TSX; PAAS:NASDAQ) saw two developments this past week or so, one reasonably positive, the second, not so. First, immediately after their quarterly analyst call, the local ind...Read More
I was recently browsing through the Daily Reckoning archives and stumbled across a March 2013 piece by our long-time contributor Jeffrey Tucker.The article was titled "Bitcoin’s Moment", and BTC was trading at $93 at the time.Here's an excerpt:"Many people fear that Bitcoin is overpriced right now. This view is held even by people in the Bitcoin community who worry that a move from $15 to $9...Read More
"We want two large glasses of lemonade," said President Donald Trump to the bartender."This is a bar for British officers," replied the diminutive man behind the marble counter."That's alright," said Trump. "We are not particular."After a short, sharp, shouting match, a senior officer walked up and officiously demanded to know, "What's going on?"Trump stared at the bartender and sternly instructed...Read More
Wherever you are and whatever you're doing, I hope you have a Big, Beautiful Memorial Day weekend. The weather is what it is, so make the best of things. While banks and markets will be closed on Monday, with no regular mail delivery.It's always nice to have a three-day holiday but, at the risk of seeming preachy, don't forget everyone who works in stores and restaurants that remain open. That, an...Read More
My dear friends, I think you are in very big trouble. Whether you believe it or not, YOU ARE AT WAR. And you may lose this war very soon together with all your affluence and freedoms unless you start defending yourselves.-Yuri Bezmenov, 1984In 1970, a Soviet KGB agent named Yuri Bezmenov defected to the West. His story is fascinating. Yuri shared key details on how USSR propaganda and subversion w...Read More
Welcome to Trump's disruption world tour.If you think this is going to be quick?If you think this is going to be easy?Think again.If you think Trump cares about Wall Street?If you think Trump cares about the value of the U.S. Dollar?Maybe not.This is a total reboot of the world's monetary and trade order. Things are going to break.And at the risk of sounding like a broken golden record, there's an...Read More
The Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) Idaho project just cleared its final federal hurdle, unlocking a massive gold and antimony reserve critical to U.S. defense and energy. Read more to find out how it could reshape America's mineral supply chain.Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has received the final federal permit required to move forward with construction of the...Read More
Coppernico Metals Inc.'s (COPR:TSX; CPPMF:OTCQB) latest results, from a single target at the Sombrero project, highlight the mineral and exploration potential there. Read one analyst's take on it.Coppernico Metals Inc.'s (COPR:TSX; CPPMF:OTCQB) initial surface channel sampling results from the Tipicancha target at its Sombrero project in Peru showed the presence of copper and silver, a news releas...Read More
In light of Trump's tariff threat on Apple, Michael Ballanger of GGM Advisory Inc. shares his thoughts. Ballanger also takes a look at gold and silver and shares one of his favorite junior developers.One of the most dynamic rallies in stock market history came to an abrupt end last week in exactly the same way it started words from the mouth of U.S. President Donald J. Trump.Stocks were advancin...Read More
Coppernico Metals Inc. (COPR:TSX; CPPMF:OTCQB) plans a second phase of drilling at its Sombrero project in Peru as soon as it receives an expanded drill permit, noted a 3L Capital report.Coppernico Metals Inc.'s (COPR:TSX; CPPMF:OTCQB) phase one drill results "confirm the hypothesis of a very large copper-skarn mineralizing system being present" in the Ccascabamba area at its Sombrero project in P...Read More
I write you from Riyadh, Saudi Arabia, the home of Islam. Despite growing up in America as a Catholic, I've always loved the Middle East. That's down to my love for Indiana Jones and traveling through the region as a professional and tourist.I've taught here once and in Abu Dhabi many times. I've also traveled through Dubai, Qatar, Turkey, Egypt, Tunisia, and Morocco. The cuisine is delectable, an...Read More
Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) just filed for up to US$2B to develop a high-grade gold-antimony project in Idaho with strategic U.S. backing. Read more about the funding, potential returns, and key permits now.Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has formally submitted an application to the Export-Import Bank of the United States (EXIM) requesting up to US$2 billion i...Read More
Americans are taught in school that the Smoot-Hawley tariff legislation of 1930 greatly exacerbated the Great Depression and sent the world spinning off into a decade of debt deflation and economic contraction. This seems to make sense until we remember that the history of the United States over the past century was written largely by progressives. In fact, the Great Depression began in 1920 with...Read More
Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) will embark soon on another drill campaign at Golddigger. Founder and CEO Roger Rosmus and two experts separately discuss the highlights of the project and the company.Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) will be mobilizing soon for "a fairly aggressive drill program again this year" at its Golddigger project in British...Read More
On Friday, ratings agency Moody's finally downgraded America's credit rating from AAA to AA+.Yawn.A ratings downgrade is a classic lagging indicator. By the time it happens, the market already knows.And, no, the downgrade had nothing to do with Trump's tariffs. The other big ratings agencies downgraded U.S. credit long ago; S&P in 2011, and Fitch in 2023.Moody's appears to have delayed the ine...Read More
The great Ben Franklin once said, "Money makes money. And the money that money makes, makes more money."This is the essence of a dividend reinvestment program (DRIP). When you own a stock that pays high dividends and reinvest them into more shares of that company, you're compounding.Eventually the additional shares earned through dividend repurchase surpass the original stake. In essence, the divi...Read More
Imagine owning a car that paid for itself.A car that, when you don't need it, is out earning money as a taxi.This is the vision that Elon Musk has been pursuing, and promising to Tesla owners, since at least 2019.Now, Tesla is scheduled to launch its first fleet of "robotaxis" in Austin next month. That’s only weeks away.The performance of Tesla shares may depend on a successful launch of ro...Read More