MAG Silver Corp.'s new processing plant in Mexico has achieved commercial production status, and analysts are "encouraged" by the company's progress.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) new Juanicipio processing plant in Mexico achieved commercial production status this month.It was slated to open by the end of 2021, but local requirements delayed its electricity hookup by a year.Despit...Read More
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More
Silver Hammer's Eliza Project is being surveyed ahead of drilling, read on to see how much silver the site has produced historically and how much potential this project may containAhead of drilling this summer, Silver Hammer Mining Corp. (HAMR:CSE; HAMRF:OTCQB) has begun an airborne magnetic and radiometric survey of the Eliza project. The project is located in a past-producing area of Nevada and...Read More
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More
Have you ever wondered if your government ran a swindle?We are informed of the following:The United States government has ladled out $3 trillion of "improper" payments since 2004.Enormities such as three trillion tend to glaze the eyes. They are mere abstractions. Yet we remind you:$3 trillion equals $3,000 billion.$3,000 billion!That is, improper payments amount not to $30 billion or even $300...Read More
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More
This company is drilling to probe a gold resource in the historic Homestake District of South Dakota that is said to be more than a mile in strike length.Dakota Gold Corp. (DC:NYSE American) announced results from four more holes at its Richmond Hill Project in the historic Homestake District of South Dakota, saying they confirm and extend mineralization in several zones.Hole RH23C-031 at Turnarou...Read More
Lion One Metals Ltd. is reporting more high-grade gold results from grade-control drilling at its flagship Tuvatu project in Fiji. See why some are calling the stock undervalued.Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX) reported more high-grade gold results Wednesday from grade-control drilling at its flagship Tuvatu project in Fiji, including 7.14 grams per tonne gold (g/t Au) over 2...Read More
Happy Thursday from glorious Northern Italy!Last week, I was watching one of my favorite YouTube channels, CaspianReport. Its latest video is "India discovers $410 billion lithium deposit."Nice one.CaspianReport has a particular affinity for the BRICS countries and their allies, to be fair.Four of the following five listed videos are:China plans to dethrone the dollarPakistan is dying (and that is...Read More
The stock market enjoyed itself a day at the races today.The Dow Jones Industrial Average experienced a 428-point jubilation. The S&P 500 posted a 53-point thrill.The Nasdaq Composite, meantime, leapt 156 points today.This, one day following the Federal Reserve's sledgehammered hints that two additional rate increases are in prospect this year.Affirms Yahoo Finance:"Stocks rallied on Thursday...Read More
A National Instrument 43-101 technical report filed for Outcrop Silver & Gold Corp.'s flagship Santa Ana project in Colombia noted "there are reasonable prospects of eventual economic extraction of silver, gold, lead and zinc from the deposit."Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DB) has filed a National Instrument 43-101 technical report for the maiden mineral resource estima...Read More
Barry Dawes of Martin Place Securities notes that gold is coiling in this slow June period, possibly moving higher soon. Tax loss selling might be a seasonal buying opportunity. S&P 500 exceeds 4300. Bond rally to resume with rising US$. Euro Yen is looking weak again. Silver is looking very strongVery strong market setups. It is very unusual to see such strong setups across so many markets. Curre...Read More
Thanksgiving Day? You may have it. Christmas Day? You may have it. New Year's Day? Again, you may have it.Today is June 14 Flag Day. It superexceeds them all.Only Independence Day bulks larger in our pulsing patriotic heart.And that heart or what passes for a heart glories today in celebration.After Independence Day, only Constitution Day rivals Flag Day in our hierarchy of holy days.Again,...Read More
Ron Struthers of Struthers Stock Reports is convinced that the recent correction in the Comex Gold price is about over, as the strong Central Bank buying of physical gold will underpin prices higher on the Comex paper market. Currently, there are very low premiums on gold stocks call options, reflecting how out of favor the sector is.I am convinced that the recent correction in the Comex Gold pric...Read More
Michael Ballanger of GGM Advisory Inc. shares his opinion on the current state of the gold market as the U.S. federal debt rises.Schizophrenia: "the abnormal interpretation of reality."If this was June of 2003, and I were to tell you that in the next twenty years, U.S. Federal debt would rise from US$6.19 billion to US$31.35 trillion, you would probably assume that gold would be somewhat higher.If...Read More
Technical Analyst Clive Maund takes a look at Defense Metals Corp.'s year-to-date and 3-year charts to tell you why he believes it is now time to buy.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) produces Rare Earths in the Americas, so you would think its stock would be doing well, but a glance at its year-to-date chart below shows that it has been in quite a severe decline from its Feb...Read More
I've written a lot about central bank digital currencies (CBDCs) including the U.S. dollar version that I call "Biden Bucks." The threat from CBDCs is enormous.They are digital (but not true cryptocurrencies), which means they are programmable. The Treasury and Fed can use the CBDC ledger to track your purchases, look at your political contributions, look at your religious affiliations and basical...Read More
FOMO is finally back!Fear of missing out is one of the most powerful forces in the market. When conditions are just right, FOMO latches onto our lizard brains, leading to terrible investing decisions. We chase overbought stocks, fall for dubious stories and scoop up shares of some of the most risky, speculative garbage companies we can find.What could possibly go wrong?Well... everything, of cours...Read More
Ours is a neofeudal economy of financial serfs in servitude to a Financial Aristocracy.The Financial Nobility/Aristocracy own all the debt and the serfs owe the debt to the Aristocracy. The serfs own assets that don’t generate much income, the Aristocracy owns assets that generate trillions of dollars in income.The serfs pay high tax rates if they make above-poverty wages, the Financial Nobi...Read More