My goodness, I didn't have that on my Bingo card. I had just written last week's piece for the Morning Reckoning about opportunity cost.And yet, there was Jon Stewart, back on television in all his glory, getting it completely wrong. I actually smacked my head when I heard his nonsensical outburst. Of course, if it's an outburst nowadays, it's usually about Tucker Carlson.And what did Stewart say...Read More
Barry Dawes of Martin Place Securities shares his thoughts on the current state of the gold market and where he believes it is headed.Gold is still holding on, but sentiment is very poor.Will it hold above US$2000 for another monthly close in February?KeypointsGoldAnother monthly close above US$2000 would be very positiveMarket sentiment is very poorBulls giving upGold StocksXAU at a critical leve...Read More
"There are no solutions," intones economist Thomas Sowell "there are only trade-offs."Preserving Earth is a trade-off to shame all trade-offs...For the cost of preserving Earth may consign its American inhabitants to a poorhouse.The Committee for a Responsible Federal Budget, so-called:Last April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standa...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More
Global Analyst Adrian Day reviews year-end financials from several companies in the resource and global markets. Most of them had some disappointing news in their results, according to Day, but he leads with a junior that received some unvarnished great news.Orogen Royalties Inc. (OGN:TSX.V) received good news when AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) held its yearend analys...Read More
Are stocks presently:A) Severely undervalued...B) Somewhat undervalued...C) Fairly valued...D) Somewhat overvalued... or...E) Severely overvalued?Please select your answer.Yet the devil is in us today. Let us then befuddle, confound and dizzy you with another selection:F) Stocks are obscenely overvalued.What is the answer? You will have it shortly.Let us first look in on the center of our mystery...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More
I often write about different crises, but usually one at a time. Whether it's a market crash, recession, bank failures, etc. I take them on an individual basis.But what about a cascade of crises? What about a situation in which one crisis comes after another for a prolonged period? Each crisis might be manageable, but the sheer volume of crises and their cumulative effect might push society to the...Read More
Political news in the U.S. and wars abroad have pushed most economic news out of the headlines. Yet the economic news is more important than ever and will have a huge impact on stock and bond markets in the months ahead.Here's a summary of recent critical developments:On the economy as a whole, headline numbers continue to look good. The Q42023 GDP was 3.3% (annualized). That put full-year 2023 GD...Read More
Dominic Frisby of The Flying Frisby newsletter shares his thoughts on one gold stock he believes may be in the middle of a major change.The management of a certain gold company I know is normally very communicative, especially with me. Lots of texts, emails, and all the rest of it. They are mining promoters, after all, and every promoter is looking to publicize their story. Bloggers and journos li...Read More
The market's finally flattening out.The S&P 500 stumbled into the red on Friday, posting its first losing week since Jan. 2. No, large-caps aren't falling off a cliff (the weekly loss for the S&P clocks in at a little less than half a percent). But we're starting to see some cracks in the foundation following the melt-up move that began in early November.Last week, we reviewed how to react...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on current movements in the stock market as well as one gold stock he believes is a Buy.If Nvidia (NVDA:NASDAQ) is the poster child for "irrational exuberance version-2024," then the clarion call for "irrational revulsion" must be Newmont Corp. (NEM:NYSE), the largest gold producer in the world that just decided to dump six bottom-tier pro...Read More
Dakota Gold Corp. announced assay results additional drill holes from its Richmond Hill gold project in South Dakota, including an assay of 1.71 grams per tonne gold (g/t Au) over 42.8 meters. Find out why the area was once called the "Richest 100 Square Miles" on Earth.Dakota Gold Corp. (DC:NYSE American) announced assay results from 12 additional drill holes from its Richmond Hill gold project i...Read More
Equity Metals Corp.'s drilling has expanded its resource by at least 30%, according to a Fundamental Research Corp. note.Equity Metals Corp. (EQTY:TSX.V) drilling had expanded its resource by 30%, reported Fundamental Research Corp. analysts Siddharth Rajeev and Nina Rose in a February 16 research note. Equity Metals has been conducting an expansion drilling program at its fully-owned Silver Queen...Read More
CHEYENNE, Wyo., Feb. 27, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) ("U.S. Gold" or the "Company") is pleased to announce that it will be attending and exhibiting at the Prospectors and Developers Association of Canada 2024 Conference ("PDAC 2024"). Company management invites shareholders and all interested parties to attend and admission is free to qualified investors.The annual confere...Read More
Today is President's Day.In token of this high and exalted day, we reflect upon the United States presidency.Historians heap vast praise upon presidents of energy and of action.In brief, upon presidents who expand their own powers... and the powers of the United States government.Over whom do historians slobber and swoon a Millard Fillmore or an Abraham Lincoln?A Grover Cleveland or a Theodore R...Read More
Four years after the pandemic, it's still hard to predict where any particular public intellectual stands on lockdowns, mandates and the entire calamity of the response to COVID. Very few have apologized. Most have moved on as if nothing has happened. Some have dug into their own apostasy even more deeply.One reason seems to be that much of the professional intellectual class is currently dependen...Read More
"It's not enough to be against globalism or the WEF, we have to also be for something better." Tom Luongo, Gold, Goats 'n Guns podcastMr. Luongo makes an important point. I want you to think about this: There is a reason that the WEF-Globalist cabal is losing the battle to control and dominate the rest of us. They are trying to power straight into the opposing currents of reality.Above all, they...Read More
Barry Dawes of Martin Place Securities takes a look at the current state of the gold market and where he believes it is headed.Gold is setting up for a move very soonTechnicals at key pressure pointsNST is a global leader.Key PointsGoldGetting ready to move higherTechnicals tightLook at all of the time scalesAU$ gold looking to riseGold vs. T Bonds is about to riseGold StocksXAU could jump higher...Read More
Infinitum Copper Corp. announced it has applied for a mining permit for its La Adelia project in Mexico. Infinitum Copper Corp. (INFI:TSX) announced it has applied for a mining permit from the environmental authority in Mexico after it received the results of metallurgical test work.A Mining Impact Assessment (MIA) has been completed and submitted to the Secretaria de Medio Ambiente y Recursos Nat...Read More