Today we're considering the real environmentthat determines economic conditions.It has nothing to do with short-term data, Fed policy, conventional economic models or other factors most economic commentary focuses on.Instead, it has to do with the "trilemma," identified in the 1960s by economist Robert Mundell.Mundell identified three critical policy variables that nations face: the central bank p...Read More
Part of turning any mine from a simple asset into a productive one involves ensuring adequate financing. Thanks to a large private placement, one Canadian mining firm is poised for a productive couple of years. Goldshore Resources Inc. (TSXV: GSHR;OTCQB: GSHRF ;FWB: 8X00) is a Canada-based junior gold development company focused on the acquisition and evaluation of precious metal mineral propertie...Read More
As stocks continue to explode off their October lows, powerful rallies are rippling through the markets, triggering some much-needed FOMO amongst the unwashed masses.If you're one of the unfortunate souls who loaded up on bearish bets into this face-ripper, you'll need to perform some evasive maneuvers to limit your losses as the melt-up rally accelerates into the holiday shopping season.Fortunate...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market.As we head into the home stretch for calendar year 2023, it is no secret that the vast majority of stocks have been in a downtrend since January 2022. While the S&P 500 is calculated using an inordinate weighting in seven mega-cap stocks, the Unweighted S&P 500 (shown below) has been thrashing about for t...Read More
Sierra Madre has released its new Mineral Resource Estimate for its newly acquired La Guitarra Project in Mexico. Read on to see why analysts like this company's stock.Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) announced in a press release that it has the mineral resource estimate for its newly acquired La Guitarra project, located in Mexico, which was produced by TechSer Mining Con...Read More
With impressive drill results, Chris Temple of The National Investor believes that Dolly Varden Silver offers compelling upside exposure to high-grade silver and gold in Canada's Golden Triangle.I'll have much more to say this in the days not far ahead, but for now, I want to give you the name of a company whose story/management has been known to me for many years and where I now see a story too c...Read More
Barry Dawes of Martin Place Securities explains why he believes we are still in a bear market when it comes to gold, despite public sentiment. Yes, we are still in a bull market for gold, but you wouldn't know it.KEY POINTSGoldBreached support againMajor support not too far belowGold in most currencies at or near all time highsGold StocksVolatility is this sectorSentiment still very lowBack into s...Read More
Chris Temple of The National Investor shares why he believes this Canadian gold company's stock remains a Buy.Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) REMAINS a BUY.A few asked me about the OCT 27 NEWS that Coeur Mining Inc. (CDE:NYSE) is looking to sell the 14 million shares of Avino it presently owns.I, in turn, asked C.E.O. David Wolfin when I saw him late last week ami...Read More
Chris Temple of The National Investor on one Alaskan metals cooperation with an emerging major multi-billion pound nickel resource.Add Alaska Energy Metals Corp. (AEMC:TSXV;AKEMF:OTCQB) as an immediate BUY as well, among my roster of speculative opportunities.Ultimately, the CA$22 million market cap may end up a pimple on a flea compared to the potential value of this emerging major multi-billion...Read More
One Canadian rare earths company is watching closely as China ups the ante in its standoff with the West over the important metals that one newsletter writer says are "vital."China is upping the ante in its faceoff with the West over the strategic rare earths industry needed for the clean energy transition and advanced electronics, and one Canadian company is watching the developments closely.The...Read More
MAG Silver Corp. releases its third-quarter earnings figures as its new Juanicipio processing plant in Mexico hits production and nameplate capacity, helping the company make the full transition to being a producer.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has released its third-quarter earnings figures as its new Juanicipio processing plant in Mexico is hitting production and nameplate capaci...Read More
Omai Gold Mines announced additional positive drill results from its Omai gold project in Guyana, noted Atrium Research analyst Ben Pirie and Nicholas Cortellucci in a November 13 report.Omai Gold Mines (TSXV:OMG) announced additional positive drill results from its Omai gold project in Guyana, noted Atrium Research analyst Ben Pirie and Nicholas Cortellucci in a November 13 report.The analysts ma...Read More
Emerita Resources Corp. has announced the assay results from its La Romanera deposit on the Iberian Belt West. Read on to see why analysts like this company's stock.Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) reported in a press release that it has the assay results from the La Romanera deposit on the Iberian Belt West Project (IBW), which also hosts the La Infanta and El Cura dep...Read More
This article is not a lesson on banking (I don't want to put you to sleep!).But it's important to understand some basic banking rules in order to realize why the current banking crisis, which began in March, isn't over.Let's start with what's called mark-to-market accounting. It's critical when it comes to determining asset prices and stock prices in particular.The concept of mark-to-market accoun...Read More
105 years ago today at the 11th month, 11th day and 11th hour the guns went quiet on the Western Front...And the white doves of peace took wing.Today we turn from the hurly-burly of the present. We turn from the world of manna, from the election, from the Bitcoin exchanges and the rest.Instead we reflect upon that morning of Nov. 11, 1918, so many years distant a neglected chapter of history...Read More
Back in 2017 when I composed this graphic of overlapping crises, the word polycrisis was not yet in common use. Polycrisis has various definitions, for example: “the simultaneous occurrence of several catastrophic events.” But this doesn’t explain the truly dangerous dynamic in polycrisis, which is the nonlinear, mutually reinforcing potential of disparate crises to generate...Read More
The Cato Institute is a libertarian "free market" outfit.It houses itself in Washington, D.C. somewhat ironically.And according to Cato... the novel mRNA vaccines represent the peak and pinnacle of market capitalism:It was the flow of people, ideas, capital, goods and services that made it possible to discover and produce a vaccine in record time...Global capital markets... played a role by prov...Read More
My friend and erstwhile colleague Greg Guenthner wrote a peach of a piece for Tuesday's Morning Reckoning.In it, The Gunner wrote:Despite the three months of choppy descent we experienced after the averages topped out in late July, last month's drop shouldn't have set off any alarm bells.Not only are pullbacks and downside moves perfectly normal events, there are also seasonal trends the market ha...Read More