U.S. equity index futures were lower this morning. At 7:30 AM EDT S&P 500 futures were down 34 points in pre-opening trade. Several U.S. economic data points are scheduled for release this morning that could influence equity prices:May Philly Fed Index to be released at 8:30 AM EDT is expected to slip to 17.2 from 17.6 in April.April U.S. Existing Home Sales to be released at 10:00 AM EDT are...Read More
The stairs up and the elevator down. Today the stock market boarded the elevator... again...The Dow Jones careened another 1,164 stomach-wrenched points today - the fifth collapse of at least 800 points this year - and the greatest single-day plunge since 2020.Both the S&P and Nasdaq were crowded into the identical box. Both endured the identical harrows.The S&P plummeted 165 points; the N...Read More
Company hires local contractors and engages small businesses within Cheyenne and Laramie County; CK Gold Project is anticipated to create an estimated 2,600 direct and indirect jobsCHEYENNE, Wyo., May 19, 2022 /PRNewswire/ -- As Economic Development Week continues, U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) is reaffirming its commitment to supporting economi...Read More
Aftermath Silver (TSXV: AAG) has reported several drill holes intersecting shallow mineralization at the Berenguela silver-copper-manganese project in Peru's Department of Puno. Highlights from the 14 drill results included 5.2 metres grading 70 grams silver per tonne, 5.03% copper, 13.9% manganese and 0.19% zinc starting from 58.9 metres in drill hole AFD-010 and 9.4 metres grading 424 grams si...Read More
In the U.K., despite horrendous inflation and gloomy economic forecasts, we are preparing to party. To mark the beginning of a four-day Platinum Jubilee celebration, thousands of beacons are being lit across the land at 9:45 pm on Thursday, June 2. Queen Elizabeth II actually reached her 70 years on the throne back in February (as I wrote at the time) but, ever pragmatic, we delayed the celebratio...Read More
Max Resource (TSXV: MAX; OTC: MXROF) has raised $15.3 million through a private placement of 25.5 million units at a price of 60 ? per unit to advance its flagship Cesar copper-silver project in Colombia.Each unit comprises one common share and one common share purchase warrant, with each warrant exercisable for one year at a price of 85 ?. Net proceeds of the financing will be used for drilling a...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile, is now facing potential sanctions from the country's environmental regulator due to the death of specimens of culpeo fox in the area.The Superintendency of the Environment (SMA) has ordered the company to imple...Read More
In May 1997, the editorial staff of The Northern Miner broke one of its own rules and bought an equity position in Bre-X Minerals. Journalists normally aren't allowed to buy shares in companies they cover, but this paper spent $60 about 25 years ago to secure share certificates that could be framed. This, so that the newsroom never forgets the Busang scandal and Graham Farquharson's role in une...Read More
Dear Outsider,Markets rallied Friday to give a much-needed boost to the retail investor.Not sure investors could deal with another down day, as things would have gotten even worse.But for now, at least, it averted a bear market for the S&P 500.That's because we had some crazy buying activity during this market correction.Most notably, after-hours last night, crypto billionaire Sam Bankman-Fried di...Read More
At the front of investors' minds earlier this week was the Fed's inflation damnation road show that kicked off on Tuesday and the comments that have followed from Fed officials on Wednesday and Thursday. Numerous Fed officials spoke over the past few days, led by the most hawkish tone from Jerome Powell that we've heard since 2018.Here are a few of the most telling cuts from this week so far...Read More
Liberty and Finance, Released on 5/20/22"The market is the most out of balance today it's ever been," says financial author, Marine, and Naval Aviator Bob Moriarty, "It will self-correct. But it's going to be brutal." Along with the stock crash, the cost of energy and food are skyrocketing. This stock market crash will look like 1929 all over again, Bob Moriarty expects. He says owning hard assets...Read More
Doug Casey's Take, Released on 5/20/22 Join our email list to get Special reports and updates: https://dougcasey.substack.com/aboutConnect with us on Telegram: https://t.me/dougcaseyDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provid...Read More
Rebel Capitalist, Released on 5/19/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at th...Read More
Bridgewater Associates, Released on 5/19/22 (Recorded on 5/9/22)*Video recorded on 5/9/22The founders of Bridgewater and GMO discuss the big risks they're watching, including inflationary pressures, political conflict, asset bubbles, and climate change - and what investors can do to protect themselves. The conversation is moderated by Jim Haskel, editor of the Daily Observations, and Alex Shahidi,...Read More
Kinesis Money, Released on 5/20/22In this week's Live from the Vault, Andrew Maguire reveals a glaring LBMA price fix is wreaking havoc on the gold market, after a tidal wave of global physical demand. The precious metals speaks on Russia's action to strengthen the Ruble with physical backing and whether increasing demand will be the hair-trigger for a global gold price reset.Andrew Maguire is an...Read More
Wealthion, Released on 5/20/22For Part 1 of this interview, CLICK HEREHaving explained the reasons behind his predictions of a hard landing ahead for stocks, bonds & the housing market, macro analyst Wolf Richter returns here in Part 2 of our interview with him to explain just how low prices may go. Here in Part 2 we also discuss what to do if you're one of the many investors feeling caught like a...Read More
NTD, Released on 5/19/22 (Recorded on 5/18/22)Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street...Read More
Kitco News, Released on 5/19/22Tavi Costa, portfolio manager of Crescat Capital, discusses with David Lin, anchor for Kitco News, the likelihood of a coming recession and the assets to invest in during this coming economic downturn. Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stag...Read More
Tucker Carlson - Twitter, Released on 5/19/22The Biden administration is very close to handing the World Health Organization power over every aspect of your life. Imagine the civil liberties abuses of the Covid lockdowns, but permanent. https://t.co/Vcj1jBGu94 pic.twitter.com/hOSjzMUmyq- Tucker Carlson (@TuckerCarlson) May 20, 2022 Biden administration is very close to handing the World Health Org...Read More
Fox News, Released on 5/19/22Sen. Rand Paul, R-Ky., on fallout over leaked Supreme Court Draft opinion. Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing o...Read More