I opened my portfolio this morning already wincing, knowing an ugly number would materialize.Oof. It's a red day for those of us with beefy allocations to gold and silver miners. Game of Thrones style.Precious metal miners are correcting sharply. The SILJ junior silver miner ETF is down about 8.5% as of 12:40 PM. The GDX gold miner ETF is down about 7.8%. These are my preferred benchmarks for the...Read More
I remember getting my offer letter from Lehman Brothers in early 1997, a full 11 years before they went bankrupt, I hasten to add. For a whopping $34,000, I was theirs, green as a Granny Smith apple. My job was in a division called Global Corporate Equity Derivatives, and I was going to help the traders keep their trading books reconciled with the general ledger. It was my first, and last, account...Read More
During a conference call with investors last week, JPMorgan CEO Jamie Dimon made a memorable response to a question from Wells Fargo analyst Mike Mayo about the collapse of a subprime auto lender called Tricolor that cost the bank $170 million. Tricolor went bankrupt due to allegations of fraud, including double-pledging of collateral, which led lenders to halt financing."Mike, you should assume t...Read More
A fascinating experiment is taking place.A startup named Nof1 gave 6 top AI models $10,000 each.They gave models access to a crypto exchange, a data feed, and let each model build its own trading and risk management strategy. The "Alpha Arena" competition started Oct 17th and the first "season" will conclude Nov 3rd.The AIs can use up to 40x leverage. With that much juice, a 2.5% move in the wrong...Read More
I was in Minnesota last week, in the storied "Iron Range" north of Duluth. In fact, I was out in the field on Friday, looking at Precambrian rocks, and missed the white-knuckle excitement of the market selloff for gold, silver, other metals, miners and more. It's amazing what happens when I leave town, eh?Good morning from northern Minnesota. BWK photo.I spent all day Saturday traveling home and m...Read More
"What do you expect when you sue the president?" Hearing that comment, some people may guess the comment was made by someone addressing one of President Trump's political opponents who has been targeted for federal prosecution.That quote, though, is much older. It is from an IRS agent addressing officials of a conservative organization that was being audited during Bill Clinton's presidency. This...Read More
Well, we finally got the mini-crash we've been expecting in precious metals and miners.On Tuesday gold plunged 5.7%, its biggest daily fall since 2013. Silver fell a whopping 8%, slipping back under the key $50 level.Miners fell harder, with the GDX gold miner ETF stumbling from $84 to $73 over the past week. The SILJ silver miner ETF fell from around $26 to $23 over the same period.But it's impor...Read More
Traditionally, the defining moment in a man's life arrives when he looks in his shaving glass and finds his father staring back at him; but there is a day so much more terrible we rarely speak of it – when he catches himself in a full-length mirror and sees his mother...Don Paterson, The Book of ShadowsI was living in London when I picked up Paterson's book of aphorisms. I remember laughing...Read More
The modern world began with a hole in the ground.Around 7,000 years ago, a few clever humans figured out how to work copper into crude, but useful tools and jewelry.Innovation really picked up 5,000 years ago with the beginning of the Bronze Age. Bronze is an alloy of copper and tin, and it's far stronger than either element alone.Bronze was used to make superior weapons, armor, and tools. It was...Read More
We're obviously living in tumultuous times. If investors sense they're on a financial roller coaster, they're right.Recently, I scanned my market tickers and saw that everything was up. Stocks, bonds, gold, silver, the dollar, cryptos and commodities were all advancing. Of course, that didn't last. The next day cryptos crashed and stocks were down sharply. Even gold suffered its worst day in a dec...Read More
Make smarter equity portfolio investments with bottom-up analysis and daily natural gas production estimates for leading producers.Download our product summaryAccess analysis of daily throughput estimates for pipelines, gas gathering systems and processing plants of midstream companies to guide your trading decisions.Download our product summaryFor details on how your data is used and stored, see...Read More
Stijn Schmitz welcomes John Feneck to the show. John Feneck is CEO Feneck Consulting Group. The discussion centers on gold ...Read More
Fusion Antibodies Chief Executive Officer Adrian Kinkaid talked with Proactive at the latest One2One Investor Forum about the ...Read More
Kromek Group PLC (AIM:KMK) expects to post a first-half profit thanks to a big deal with Siemens Healthineers. Revenue should ...Read More
Foresight Environmental Infrastructure Investment Manager Charlie Wright presented at the Proactive One2One Investor Forum ...Read More
Firefly Metals Managing Director Steve Parsons spoke with Proactive about recent high-grade copper-gold drill results from the ...Read More
Firefly Metals Managing Director Steve Parsons spoke with Proactive about recent high-grade copper-gold drill results from the ...Read More
Gunnison Copper Corp's Senior VP and CFO Craig Hallworth shares insights into the company's limestone opportunity and ...Read More
The ASX200 kicked off the week on a high note - nudging upwards of .41 of a per cent. Every sector, besides telecom and ...Read More
In today's Just The Facts.. Aurum Resources reported new high-grade gold results from infill drilling at the Boundiali Project in ...Read More