In 1929, just before the Great Crash, economist Irving Fisher famously said stock prices had reached, “what looks like a permanently high plateau”.Fisher was a raging bull, and his portfolio was leveraged to the hilt. The crash wiped out his entire fortune, and he was forced to borrow from wealthy relatives to pay his IRS bill.It'd be easy to scoff at his arrogance. But Fisher's view w...Read More
Ask any locomotive engineer. You definitely want to stop the train too soon versus too late.Or in other words, don't be this guy:Santa Fe locomotive overshoot, Los Angeles, January 1948. Courtesy martinturnbull.com.No question about it; we've had a good year in 2025. Gold, silver, platinum are up. Most other metals as well. Many miners are up, and many have seen spectacular gains. And while I don'...Read More
Remember Beanie Babies? In the late 1990s, they were all the rage.Tiny stuffed animals which cost less than $1 to manufacture were selling for thousands of dollars at peak.The Princess Diana memorial bear once fetched $500+, and today it sells for around $5. Peanut the Royal Blue Elephant hit $5,000 in 1999, and today a certified mint condition specimen might fetch $50.The BB craze started in 1997...Read More
Is the Chinese economy collapsing? Or is something worse waiting in the wings? The short answer is that we could be looking at something much worse than a crashing economy. China could be part of a collapse of the global monetary system.We'll begin the analysis with the latest official economic releases from China. These releases showed some of the weakest performance by the Chinese economy since...Read More
My good friend and host of the No Way Out podcast, Mark McGrath, likes to call me the second-most famous Villanova graduate in Italy. Of course, the most famous one sits on the Throne of St. Peter and has this uncanny penchant for pissing me off.I had high hopes for Papa Leone, as we call him here in Italy. But time and again, from blessing ice blocks to condemning nation-states for enforcing bord...Read More
Over the past year, I've written no less than 15 newsletters dedicated to silver.To say it's one of my favorite assets is an understatement.The combination of booming industrial usage and rising investor demand has created a perfect storm for poor man's gold.And this unique metal is doing quite well, up 72% year-to-date despite the recent pullback. But don't let that price rise fool you, this bull...Read More
I've used OpenAI's ChatGPT almost daily since it launched in late 2022.It's been a valuable research assistant, and I also use it to make the images at the top of these letters.But suddenly ChatGPT has major competition. Google just released their latest model, Gemini 3.Gemini 3 has taken a lead on AI benchmarks, a set of tests which grade the performance of models.And Google's new image creation...Read More
'Perhaps there is still time to defeat history.'-Daniel OliverMr. Oliver must be an unreconstructed optimist. An un-mugged Democrat. A man enjoying his first vote...or his second marriage.The history he is referring to is the one we know so well. It is the history of booms and busts...and of great nations laid low by the 'fatal conceit' of their leaders.All bubbles burst.All paper currencies becom...Read More
"Can I help you, sir?" The young guy behind the counter was very polite."Yes, please," I replied."I'd like a couple of those salmon filets," and I pointed to a tray behind the glass.Salmon filets. Courtesy the Fresh Market store."Absolutely," said the man. "Great choice, by the way," he added.I smiled. "You sound like the server in a restaurant. Whatever you order, they say 'Great choice.' I guess...Read More
West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) recently announced a management change as well as new assay results, which one newsletter writer notes as "promising." West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) entered the week with a decisive shift in direction: Quentin Mai has stepped down as CEO, and a new investor-driven leadership group has arrived. The company announced on November 10 that...Read More
Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) has reported new third-quarter exploration progress on six Tembo licenses adjacent to Barrick Mining Corp.'s (ABX:TSX; B:NYSE) Bulyanhulu Mine in Tanzania. The company could receive up to US$45 million in contingent payments based on resource discoveries under its agreement with Barrick. Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE...Read More
Eloro Resources Ltd. releases assay results from two more drill holes as part of a definition drilling program at its Iska Iska Ag-Sn (silver-tin) polymetallic project. Read why Red Clay Analyst Ron Stewart noted the update as a positive for the company. Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) released assay results from two more drill holes as part of its recently concluded 16-hole...Read More
Bob Moriarty of 321gold.com explains why he likes Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS). Merely a fortnight ago, I wrote about a fledgling company named Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS). At that juncture, they broadcast an interval of 7.03 grams across 43.25 meters, equating to a value of 304 gram-meters. Anything surpassing 100 gram-meters signifies a triumph. Anyt...Read More
As of the third quarter of 2025, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) maintains a strong financial position with several catalysts on the horizon, noted Analyst Dave Storms for Stonegate Capital Partners on November 20. Find out how he values the company. As of the third quarter of 2025, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) maintained a strong financial position, holding CA$103.1 mil...Read More
Global Analyst Adrian Day reviews most of the remaining quarterly earnings reports from companies on his list, as well as some other developments. Most companies reported strong financials, with strong operations and cost controls boosted by the strong resource prices. Barrick Mining Corp. (ABX:TSX; B:NYSE) is considering splitting the company into two, according to a Reuters report quoting anony...Read More
Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) has begun planning a phase one exploration program at its Ammo antimony-gold project. The 3,092-hectare property surrounds the historic West Gore mine in a region linked to early 20th-century critical mineral production. Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) has announced that it has begun planning for a phase one exploration program...Read More
Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) is focused on exploration and mine development in Bolivia, Peru, and Quebec. Find out what analysts say about the stock. StreetSmart Research(TM)Eloro Resources Ltd.(ELO:TSX -ELRRF:OTCQX -P2QM:FSE)Consensus Average Rating & Price Target Price targets are based on the original currency and converted to US and/or CA using current exchange rates...Read More
On October 31, 2025, the U.S. government agreed to arrange financing of $80 billion for Westinghouse Electric's new nuclear reactors. This is a huge deal for Westinghouse' owners, giant uranium miner Cameco (NYSE: CCJ) and Brookfield Renewable Partners (NYSE: BEP).The deal's announcement sent Cameco's shares soaring, as you can see here:Under the agreement with Westinghouse Electric, the U.S. gove...Read More
Since 2008, U.S. stocks have absolutely crushed the rest of the world.The S&P 500 rose 592% over the 17 year period from July 2008 to July 2025. The MSCI world index (excluding the U.S.) was up 140%.And the MSCI emerging markets index was up just 92%.The chart below tells the story:Source: Charlie BilleloIt's been an incredible period of outperformance for American stocks. We've torched Europe...Read More
Experts say there is a shortage of workers in the domestic mining and exploration industry, and crunch time is coming sooner rather than later. Experts in both the United States and Canada say there is a shortage of workers in the mining and exploration industry, and crunch time is coming sooner rather than later."The U.S. is running out of miners," wrote Shawn Baldwin for CNBC on December 8, 202...Read More