The price of silver has offered steady returns over the past year, rising from US$19/oz in July of 2022 to crest at US$25/oz before retreating to around US$23.50/oz in the past week. At that time, Silver X Mining Corp. managed to double down on the rising price by producing 35% more of the white money metal at its Tangana project in Peru.Silver X Mining Corp. (AGX:TSX.V) is a Canada-based silver m...Read More
Reuters gives the news:Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations that threaten the government's ability to pay its bills.Thus Fitch becomes the second credit rating agency to embarrass the government of the United States.Standard & Poor's executed the initial embarrassment in...Read More
There are signs of recession everywhere and these are good indicators. It’s not just sentiment or guesswork.I'm not going to get into the weeds here, but things like inverted yield curves and negative swap spreads, among other indicators, are all pointing to recession. In addition to those technical indicators, manufacturing is down, global trade is down, etc.Europe’s in a recession ri...Read More
Recently, Liberty Gold Corp. released impressive drill results from its Black Pine gold project in southeastern Idaho, noted a PI Financial research note.On July 24, Chris Thompson of PI Financial noted that Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) had released drill results from this year's RC drill campaign at Black Pine, a gold project in southeastern Idaho.Thompson noted, "We continue to be i...Read More
The bulls are running wild.Remember when we discussed the possibility that the red-hot tech leaders were finally running out of gas?Well, we just witnessed a dramatic mid-air refueling on the heels of last week's tame Fed meeting, positive earnings reactions, and strong economic data. Just when it looked as if the highest-flying names would finally take a break, frantic buyers stepped in to blast...Read More
Stillwater Critical Minerals has provided information on its expansion of operations following strategic investment by Glencore. Read on to see how as demand for critical minerals increases, this company is pushing for growth.Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) has begun drilling at its flagship Stillwater West nickel platinum group element copper cobalt and gold...Read More
The Fed raised interest rates again last week. But that's the past. What does the future look like?Today, you'll receive a full recap of what happened with last week's Fed meeting. I'll explain what happened in terms of policy moves, what Fed Chair Jay Powell believes will happen next, and what will actually happen.Importantly, the difference between Powell's expectations and market expectations c...Read More
LONDON, 31 July 2023 - BullionVault's latest survey of its private-investor clientbase features today at German personal finance site Cash Online."The diversifying effect of precious metals in a portfolio is becoming increasingly important," says the report."The number of investors who cited diversification as the main reason for investing in precious metals has increased by 12% within 3 years."Re...Read More
With the technical condition of Defense Metals Corp. strengthening, Technical Analyst Clive Maund reviews its 3-month and 8-month charts.Although there has been no net change in its price since we last looked at it on the 11th of this month, Defense Metals Corp.'s (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) technical condition has strengthened greatly with it having broken out above nearby resistance, brok...Read More
Unexpectedly, it came in 77% higher than PI Financial's forecast, noted one of the broker-dealer's reports.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) joint venture project in Zacatecas, Mexico performed well in Q2/23, from production to ramp-up, reported PI Financial analyst Chris Thompson in a July 26 research note."We are impressed with the delivery of Q2/23 operating results significantly...Read More
Michael Ballanger of GGM Advisory Inc. takes a current look at the Federal Reserve, the gold sector, and the energy sector to tell you where he believes it is all headed.On Wednesday, I listened to the Fed Chairman Jerome Powell drone on and on about being "data dependent" and "deeply committed" (to curtailing inflation) as the Dow Jones roared ahead for its thirteenth straight advance with the NA...Read More
LONDON, 28 July 2023 - Results from BullionVault's latest investor survey are featured today by finance advisory magazine DPN.BullionVault's survey "is the largest, longest and most consistent among investors who hold precious metals in their portfolio," says the report.Read the story (in German) at DPN here:Edelmetall-Anleger im Goldrausch Read More
A dark cloud of disrepute hangs over all official institutions in the developed world. It affects governments most but also all the institutions that cooperated with them over three and a half years, including media, the biggest corporations, and tech companies.The cloud covers most all academia, medicine, and experts in general.The reason traces to the utterly preposterous pretense that by the ma...Read More
Arizona Silver has provided an update on the Silverton property that suggests more mineralization than previously thought. Read on to see how much gold remains on the property.Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC) has announced an update on the Silverton carbonate-hosted gold exploration property located in Nevada. The highlights of the update are as follows:In late March, the compa...Read More
Global Analyst Adrian Day provides brief updates on two of his favorite resource companies. He also looks at very disturbing activity by banks in England, which he believes is a foretaste of what we can expect once Central Bank Digital Currencies come into force.Altius Minerals Corp. (ALS:TSX.V) released preliminary revenues of $18.7 million for the second quarter, which came in slightly lower tha...Read More
Technical Analyst Clive Maund draws attention to what he believes is a particularly fine example of a Head-and-Shoulders bottom in Augusta Gold Corp.Augusta Gold Corp. (G:TSX.V: AUGG:OTCQB)While no technical pattern can be relied on 100% to lead to an expected outcome, due to the complex and sometimes unpredictable fundamental factors in play, they do indicate probabilities, and the reason for foc...Read More
This silver company announces the second-quarter production numbers for its new processing plant in Mexico, surpassing the expectations of several analysts.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has announced its second-quarter production numbers for its new Juanicipio processing plant in Mexico, surpassing the expectations of several analysts.MAG delivered nearly 7 million ounces (Moz) sil...Read More
Looking at Gladiator Metals Corp.'s 6-month chart, Technical Analyst Clive Maund explains why he believes it is an Immediate Strong Speculative Buy.Gladiator Metals Corp. (GLAD:TSX) is primarily a copper stock that is looking most attractive here as it looks ready to break out into renewed advance following a corrective downtrend from the middle of May.The latest 6-month chart shows a pattern from...Read More
Global Analyst Adrian Day provides brief updates on two of his favorite resource companies. He also looks at very disturbing activity by banks in England, which he believes is a foretaste of what we can expect once Central Bank Digital Currencies come into force.Altius Minerals Corp. (ALS:TSX.V) released preliminary revenues of $18.7 million for the second quarter, which came in slightly lower tha...Read More
What led to this were higher quarter-over-quarter mill throughput and greater-than-estimated mill feed grades, noted a Canaccord Genuity report.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) reported Q2/23 production surpassed Canaccord Genuity's expectation, reported analyst Lucas Pamatat in a July 26 research note.Possible Gain NotableGiven this result, Canaccord reiterated its Speculative Buy...Read More