"So did you meet President Reagan?" It was back in the 1980s. I was speaking with another Navy officer. We were both on the staff of the Chief of Naval Operations (CNO). And she had been invited to attend a state dinner at the White House.State dinners are a big deal, anytime and under any administration. An invitation to an event like that is a rare ticket in Washington, D.C. Even within the ethe...Read More
Today, we'll discuss something you don't hear much about, but probably should the American steel industry, particularly the ongoing saga of how Japan's Nippon Steel wants to buy an iconic American firm, U.S. Steel.What would this kind of politicking mean to American steel, if not the U.S. economy, more broadly? Let's tap this furnace, so to speak, but first, let's review the Trump-Harris debate...Read More
Professional obligations required us to view Tuesday night's presidential debate.The experience jackhammered home our central contention: Politics is disguised violence.There you had the two combatants, Harris and Trump, Trump and Harris.Perhaps one half of the nation is for the one. The second half is for the other.One will win and the other will lose.Thus roughly one-half of the population must...Read More
September strikes again!After just a handful of trading days, I'm here to report that this month is going much like many investors feared...Stocks are skidding lower at an alarming rate so far this month and traders are running for cover, buying up safety trades like utilities and consumer staples names as tech stocks and other popular plays continue to dive.The post-Labor Day malaise has been abs...Read More
The first presidential debate between Kamala Harris and Donald Trump and potentially the only debate takes place in Philadelphia tonight, hosted by ABC News.There will be no live audience and neither candidate will release opening statements. Nor will either be allowed to ask questions of each other.Both of their microphones will be muted when the other is speaking, though ABC has evidently in...Read More
As my longtime readers know, I'm a financial forecaster who prefers to focus on markets.But because politics can have such a large influence on markets, I can't afford to ignore politics. So I'll be focusing a lot on the November election in the next two months.Today we'll be looking at the candidates' platforms, along with polling results and methodologies.We'll also consider some wild cards that...Read More
A truly staggering quantity of content is aimed at predicting what happens next, aka the future, and justifies their prediction by referencing models that are presented as rock-solid predictive tools.The majority of these models are based on historical examples that have been distilled into models of “how the world works,” i.e. claims that these were not one-offs or outliers but exampl...Read More
Next week in Frankfurt, I'm teaching "soft skills," which are interpersonal skills that enable effective communication, collaboration, and problem-solving. These skills cover a wide array of areas, such as presentation skills, negotiation skills, business writing skills, and other critical and transferable skills.I'm always looking for new games and simulations, as chalk-and-talk gets boring quick...Read More
We understand the United States may soon bless Ukrainian missile strikes within the Russian interior with Western-supplied missilery.Thus the United States and its NATO understrappers would stomp across one of Russia's famous "red lines."Mr. Putin:Flight assignments for these missile systems can, in fact, only be entered by military personnel of NATO countries. Ukrainian military personnel canno...Read More
Last evening Donald Trump and Kamala Harris stood before the American people... and debated.In an alternate reality, here is what transcribed.MODERATOR: Mr. Trump, before the pandemic you were spending record amounts of money and running up the national debt. Explain yourself.DONALD TRUMP: I never said I was Paul Ryan. I was a Democrat from New York City for most of my life. I found an issue that...Read More
Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) announced a major expansion of copper-in-soil anomalies at its Polimet Gold-Copper-Silver Project in Chile. See why the company considers this news to be a high priority for future exploration in the region.Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) announced a major expansion of copper-in-soil anomalies at its Polimet Gold-Copper-Silver Project...Read More
Silver North Resources Ltd. (SNAG:TSX; TARSF: OTCQB) started its 2024 drilling campaign at its Haldane property in the historic Keno Hill silver district of the Yukon, which one analyst said is a "standout opportunity" for the company.Silver North Resources Ltd. (SNAG:TSX; TARSF: OTCQB) announced it has started its 2024 drilling campaign at its wholly owned Haldane property in the historic Keno Hi...Read More
Here in Annapolis summer's fever has broken.Deep azure vaults high overhead... and refrigerating wafts steal in from the Chesapeake Bay.All is peace.Many analysts consider September a month of market peace. Look to October, they say.October is when the gales blow in.The Panic of 1907, the Crash of 1929, "Black Monday" 1987 all came barreling through in October.October's reputation is so villaino...Read More
Yesterday, gold prices broke out. Michael Ballanger of GGM Advisory Inc. shares his thoughts on this and recommends two stocks.Yesterday's big news was the incredible breakout in gold prices, with the December contract going out on session highs at US$2,587.60, with the high tick a mere dime higher at US$2,587.70.SPDR Gold Shares ETF (GLD:NYSE) followed suit with a 1.76% advance.Silver outperforme...Read More
Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) has announced a non-brokered private placement of up to 100 million common shares at five cents per share, for total gross proceeds of up to US$5 million. See how AngloGold Ashanti PLC and Capital DI Ltd. plan to play a key role in the future of Sanu Gold.Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) has announced a non-brokered private placement...Read More
Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) has an extensive portfolio, exceptional management, and successful farm-out strategy, according to a Atrium Research report.Atrium Research analysts Ben Pirie and Nicholas Cortellucci, in a research report published on September 11, 2024, initiated coverage on Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) with a Buy rating and a target price of CA$0.50...Read More
I'm in Frankfurt, teaching a course on fixed income. It's my first time roaming through the city, though I've spent far too much time using its airport for connecting flights.I'm reminded of a piece I wrote a year ago that's worth revisiting, thanks to Germany's dire economic state. Once, a business titan reshaped Europe thanks to his riches and connections to the Habsburgs.No man had a more signi...Read More
Technical Analyst Clive Maund explains why Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) is a Strong Buy.Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) is a polymetallic exploration company with a range of projects spanning Europe. It is looking for both base and precious metals in a diversity of locations across Europe. Its focus is on copper, zinc, and gold, which are all expected t...Read More
Labor Day weekend is over, and the election is just over two months away. Is the U.S. economy in a recession as election season enters full swing?There's a mountain of data suggesting the answer is yes, or if we're not in a recession, we soon will be. We'll explore this data below but let's begin with the (supposedly) most powerful force in the U.S. economy the Federal Reserve.On Aug. 23, Fed Ch...Read More
Dryden Gold Corp. (TSXV:DRY; OTC:DRYGF) in a news release, updated shareholders on the progress of its Phase 5 drill program at the Gold Rock Project in Dryden, Ontario. Read how these results are driving future plans for further exploration.Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB), in a news release, updated shareholders on the progress of its Phase 5 drill program at the Gold Rock Project in Dr...Read More