This is a financial newsletter and not a political service. At the same time, it's the case that the financial and political worlds are becoming more closely entwined to the point that it's almost impossible to treat them separately.That's why we have to keep a close eye on political developments. They can have a major impact on your investments.For better or worse, the U.S. 2024 presidential elec...Read More
Many others have explained why inflation is part-and-parcel of the status quo. In the simplest terms, where’s why inflation is essential:1. Our economy and financial system are totally dependent on the expansion of credit/debt. Banks make money by issuing new loans, and financiers make money by buying and selling debt and instruments that leverage debt.Consumers can only buy big-ticket items...Read More
Technical Analyst Clive Maund takes a look at the jump in the price of gold and the decline of the dollar.Gold silver and precious metal (PM) stocks staged a major breakout yesterday as the dollar cratered to signal the onset of a major devaluation as its loss of reserve currency status becomes a physical reality. The BRICS are set to introduce an alternative CBDC related gold backed currency of t...Read More
Adrian Day discusses the surprising dismissal of the CEO at one of his favorite gold royalty companies.Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE; NY 14.32) has been roiled this week with the unexpected dismissal of the firm's popular and successful CEO and President Sandeep Singh. In a terse press release, the company announced a new interim CEO had been hired to replace him. No explanation was...Read More
Happy Thursday!Tomorrow is Bastille Day. And with all the recent trouble in France, it's interesting to revisit the beginning of communism. They're not communists there, you say? Perhaps not. But one bright historian called the French Revolution the "Proto-Communist Revolution."Didn't Marx and Engels start it all? Nope. They just wrote those stupid ideas down.But thanks to this historian of fantas...Read More
Adrian Day discusses the surprising dismissal of the CEO at one of his favorite gold royalty companies.Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE; NY 14.32) has been roiled this week with the unexpected dismissal of the firm's popular and successful CEO and President Sandeep Singh. In a terse press release, the company announced a new interim CEO had been hired to replace him. No explanation was...Read More
Since last March the Federal Reserve has been elevating its target rate with fantastic abandon.Across that same frame it has been chewing into its balance sheet.Meantime, the bond market is putting out the loudest recession warnings since 1982.Wobbles to the banking system have likewise clouded the economic outlook.It is a formula toxic to the stock market.That is, in theory it is a formula toxi...Read More
Amid China's new restrictions on critical metals, asset manager Chen Lin sits down to speak with First Tellurium CEO Tyrone Docherty.Chen Lin: Welcome to this special interview; we have a special situation here this week. China imposed export controls to the rest of the world on two critical metals that China controls about 80 to 90% of worldwide production. Those are very, very critical and aim t...Read More
Junior explorers are hoping investment will now increase in copper projects in Chile, the world's top producer of the red metal needed for the green energy transition.Junior explorers like World Copper Ltd. (WCU:TSX.V;WCUFF:OTCQX) are watching the situation intently as mining tax reform wraps up in Chile.Companies want to see more investment dollars for exploring and mining copper return to the So...Read More
See the first results of this company's metallurgical heap leach test program at one of the deposits in its gold and silver project in Nevada.Western Exploration Inc. (WEX:TSX.V;WEXPF:OTC) announced the first results from its metallurgical heap leach test program of the Doby George deposit at its Aura gold and silver project in Nevada.The company reported an average gold extraction oxide mineraliz...Read More
CHEYENNE, Wyo., July 12, 2023 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU), is proud to announce the achievement of one of two significant milestones in the permitting stage of its CK Gold, gold, copper and silver mining project (the "CK Gold Project"). On June 20, 2023, the Industrial Siting Division of the Department of Environmental Quality,...Read More
CNBC gives the day's headline news:Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more-than-40-year high.The consumer price index, which measures inflation, increased 3% from a year ago, which is the lowest level since March 2021.Yet why? Why has i...Read More
Junior explorers are hoping investment will now increase in copper projects in Chile, the world's top producer of the red metal needed for the green energy transition.Junior explorers like World Copper Ltd. (WCU:TSX.V;WCUFF:OTCQX) are watching the situation intently as mining tax reform wraps up in Chile.Companies want to see more investment dollars for exploring and mining copper return to the So...Read More
Spread the loveQUESTION: Marty,Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt?Tks for all the light u share in a confusing economic landscape.Cbeers.baldyANSWER: It is unlikely that we are looking at a BRICS single currency like the euro, for that would require a central monetary authority, surrender...Read More
Certain establishment types consider my ideas extreme. They accuse me of being a conspiracy theorist or some kind of kook, way outside the boundaries of acceptable consensus.That's fine, I expect that. If you threaten powerful interests, you can expect that they'll try to discredit you.The fact is people are conditioned to accept whatever the authorities tell them. It's a powerful urge that actual...Read More
Meanwhile, the precious metals markets were down slightly, in June, noted an Atrium Research report.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) and its joint venture partner Fresnillo achieved commercial production at their Juanicipio project in Mexico on June 1, 2023, and the new mill has been operating at 85% of its 4,000 tons per day capacity, reported Atrium Research analyst Ben Pirie in a J...Read More
The big, bad tech stocks have dominated the market during the first half of 2023.The Technology Sector SPDR (XLK) and Communication Services Sector SPDR (XLC) have gained more than 36% year-to-date.Individual 2023 performances are even more impressive. NVIDIA Corp. (NVDA) has rocketed 190%. Meta Platforms Inc. (META) has risen 140%. Tesla Inc. (TSLA) a consumer discretionary name that acts like...Read More
Is Ukraine still a thing for Americans? Of course, a brutal and tragic war is going on there with momentous geopolitical consequences. But do Americans care?Attention spans are short, and Americans have already moved on to stories about political scandals, the next election, and the usual celebrity glamour gloss. Outside of the U.S. warmonger elites and a few critics (myself included), Americans d...Read More