Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Oh for the good old days of a nice, clean housing bubble and bust as in 2004-2011...Subprime lending expanded the pool of buyers, liar loans and loose credit created speculative leverage, the Federal Reserve provided excessive liquidity and the watchdogs of the industry were either induced (ahem) to look away or dozed off in a haze of gross incompetence.The bubble burst was also straightforward: u...Read More
Think for a moment of other failed experiments in human history. One that comes to mind is the Bolshevik Revolution. Its leader, Vladimir Lenin, never really expected to take power, much less be put in charge of implementing the system he had spent a career promoting.He was asked to speak to what communism would mean. He fished around and came up with the idea of electrification of Russia.It didn'...Read More
Yesterday was a day of spin, with every regime apologist assuring the public that inflation is getting better. Just look at the wonderful trend line! In the footnotes, you find the truth: It was a tiny drop and mostly for technical reasons and the main reason for the drop has already disappeared from the price trends.And today, the spin continues: Yes, inflation will vex us for a bit more time but...Read More
The administration requested $33 billion to aid the nation of Ukraine. But Congress steeled its spine, summoned its nerve, recalled itself to its responsibilities... and refused the plea.A hulking majority of congressmen - a "bipartisan" majority - insisted that the $33 billion appropriation was unacceptable.And so they authorized a $40 billion "deal" instead. That is, they authorized $7 billion b...Read More
It was another bloodbath on Wall Street today, as the three major indexes took another beating.Both the Dow and S&P are well into correction territory (down 10% or more from recent highs).The rate-sensitive Nasdaq lost over 4% today. It's now mired in an official bear market (down 20% from its most recent highs), which will likely get worse before it gets better.Markets will have their good da...Read More
Hosted by A.G.P./Alliance Global Partners Managing Director & Head of Metals & Mining ResearchCHEYENNE, Wyo., May 17, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU), announced that it is scheduled to present at A.G.P.'s Virtual Series, being held on May 19, 2022 at 11 am ET.The event will be hosted by Managing Director & Head of M...Read More
I have the Contrarian Curse, and I have it bad. The Contrarian Curse is: as soon as the herd adopts your previously contrarian view, you start questioning the new consensus, just as you questioned the previous consensus.Example #1: fiat currencies are doomed. After all, if creating “money” out of thin air solves all our problems, why not just let everyone print as much as they want at...Read More
How long will we live in this state of denial? I don't mean you. I mean most people. Yes, people are grumbling about high gas and food prices, But we are not yet at the panic stage. For goodness' sake, the president of the United States warned about coming food shortages. If he had any credibility at all, there would have been a run on grocery stores.This didn't happen for three reasons.First, peo...Read More
The stairs up... and the elevator down.Here you have the stock market's general rate of travel - depending upon the stock market's direction of travel.The stock market is lately making excellent speed... downward. And over the past 12 months?Let us assume you own a broad market index fund. You have spent the past year upon the hamster wheel, running and running in place.Both the Dow Jones Industri...Read More
Anyone paying close attention could have seen this ahead of time. The supposedly massive crackdown on inflation, with the unleashing of the hawks, turned into a nonevent. Rates are now in historically low territory, once you factor inflation, which is running at 11% according to real-time data.That means that the Fed has done almost nothing so far.Fed chairman Jerome Powell said as much in his pos...Read More
U.S. and Canadian-based uranium companies are set to soar on a looming Russian production ban in the Western world, GoldSilver.com's senior precious metals analyst, Jeff Clark, told an industry event in Vancouver on May 17."Uranium is already in a bull market," he told the VRIC conference. "Yes, those prices have come down just like the others have, but for fundamental key reasons such as supply-d...Read More
While the movement to an electrified future is already picking up pace, it will be much slower than some of the optimistic projections in the market today, CPM Group founder and MD Jeffrey Christian told an industry event in Vancouver.He took silver as a prime example, pointing out that hundreds of millions more oz. of silver would need to be produced to keep up with the projected linear magnitude...Read More
Virtually every mining stock in the market today, whether a major or a junior's, has been off between 10% and 40% over the past few weeks, making anything one buys 'seem like a bike,' says independent exploration geologist Brent Cook."I don't buy that," he told the VRIC in Vancouver on May 17.According to the seasoned investor and co-founder of the Exploration Insights newsletter, retail investors...Read More
Critical Elements Lithium (TSXV: CRE; US-OTC: CRECF) has converted spodumene concentrate from its Rose project in northern Quebec into battery grade lithium hydroxide using a thermal leaching process in a pilot program, the company said. The company had announced similar results in October 2018 when a pilot program demonstrated extraction rates of 93%, surpassing the world average of 70-75%. Thi...Read More
This week's episode features Northern Miner senior reporter Henry Lazenby in discussion with host Adrian Pocobelli on this year's Mining Indaba conference in South Africa. He outlines the huge opportunity for Africa to play a pivotal role in producing the world's green metals, but also the difficulties with corrupt governance, the 'resource curse', and faltering infrastructure.All this and more wi...Read More
Mountain Province Diamonds (TSX: MPVD; OTC: MPVD) has released interim exploration results for its 100%-held Kennady North project in the Northwest Territories, consisting of over 1,070 sq. km of claims and leases that completely surround its 49%-held Gahcho Ku?(C) diamond mine, operated by 51% owner De Beers.The 2022 exploration program is focused on finding new kimberlites based on a detailed an...Read More
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal or 34% of the total globally.According to a report published on Tuesday by the Cobalt Institute, cellphones manufacturers consumed 26,000 tonnes of the metal used in lithium-ion batteries, while lapto...Read More
Champion Iron (TSX: CIA; US-OTC: CIAFF) has entered into a definitive purchase agreement to acquire the Pointe Noire iron ore pelletizing facility located in Sept-??les, Que., directly adjacent to the port facilities that the company currently uses. The plant was commissioned in 1965 with an original pelletizing nameplate capacity of 6 million tonnes per year, but was put on care and maintenance i...Read More
The Mining Legends Speaker Series kicked off with an inaugural in-person event in Vancouver featuring mining entrepreneur and Canadian Mining Hall of Fame inductee Ross Beaty and rising talent Maggie Layman, vice-president exploration of Osisko Development (TSXV: ODV).?EUR? Organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals, the series pairs CMHF indu...Read More
Highlights from the El Colorado and El Rincon zones include 9.14 metres (m) averaging 9.58 grams per ton (g/t) gold (Au); including 6.09m...Read full newsRead More