USA Watchdog, Released on 11/1/22"This is why it is getting closer for implosion because the whole system can't take this. . . .The risk is increasing exponentially. So, I think people should be prepared . . . Most asset markets have lost money, and it is going to get worse."Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon v...Read More
ITM Trading, Released on 11/1/22My special guest this week is Egon von Greyerz. We talked about what's going on in the derivative markets, war, energy, failing economies, and really using currencies as a weapon.0:00 Intro to Egon von Greyerz1:47 Great Britain & Credit Suisse5:26 Derivatives vs. Swaps14:15 Crisis in Confidence & CBDC's22:10 Wealth Transfer & Energy Crisis20:43 War & the Weaponizati...Read More
Liberty and Finance, Released on 11/1/22Silver supply remains extremely tight. Nations are moving away from the Dollar and gold is re-establishing itself as a monetary asset. And the biggest money in the world is waking up and moving into physical precious metals. Signs of a "financial nightmare" coming are clear. Andy Schectman, CEO & president of Miles Franklin, explains in this interview his pe...Read More
The Post Millennial - Twitter, Released on 11/1/22Glenn Greenwald @ggreenwald weighs in on the Paul Pelosi attack:"Skepticism itself can never be wrong ... Even if evidence does emerge later on to prove it, the skepticism itself was not just valid, but necessary." pic.twitter.com/4ClCuPMnVb- The Post Millennial (@TPostMillennial) November 2, 2022 Glenn Greenwald is a journalist, constitutional law...Read More
Contra Corner (via Dollar Collapse), Released on 11/1/22So the question recurs as to whether Fed policy will lead to serious broken financial furniture in the months and quarters ahead.Continue... Stockman: Why The Fed Is Gonna Break Some Serious Financial Furniture added by Herman James on 11/02/2022View all posts by Herman James ?+'Read More
The Post Millennial, Released on 11/1/22The Biden administration announced this week that it has sent an undisclosed number of US military personnel to Ukraine, with their sole purpose Continue... American soldiers are now in Ukraine added by Herman James on 11/02/2022View all posts by Herman James ?+'Read More
Macro changing in favor of the gold stock sector is and has been a processThe process began with the leveling off of inflation’s momentum and continued as the global economy began to show signs of weakness (e.g. US manufacturing deceleration and developing supply chain slack among several other problem areas as exposed during the current earnings season).While the nominal sector (HUI or the...Read More
On the 1-year chart for gold shown below, we can see precisely why it has been in a quite severe downtrend from its peak last March. It is because the dollar and interest rates, shown at the top and bottom of the chart, have been in strong uptrends during this period.A very important point to note is that while gold has dropped about $400 from its March peak, in real terms, this decline is much mo...Read More
The gold market enters trading for the month of November on a losing streak. Can bulls finally turn things around?Their first test will be to defend the line of support established from the September and October lows. Although the gold market registered a seventh consecutive monthly decline in October – marking its worst string of monthly losses in 50 years – daily prices didn't actual...Read More
The all-important midterm elections are just one week away. I've said a lot about them, and will have more to say about them in the days to come.But today, I want to talk about something even more important: truth vs. official lies. More specifically, I want to talk about truth and propaganda.It's said that truth is the first casualty of war. And Churchill once said that in wartime, truth is so pr...Read More
Daily Reckoning, Released on 11/1/22The fact is wars are conducted in part through lies and propaganda. For example, in the early days of World WarContinue... Jim Rickards: A Bodyguard of Lies added by Herman James on 11/03/2022View all posts by Herman James ?+'Read More
The Guardian, Released on 11/1/22Even the price of basic items went up, with the price of the humble cuppa rising, as teabags, milk and sugar all saw Continue... UK food prices soar by fastest rate on record added by Herman James on 11/03/2022View all posts by Herman James ?+'Read More
Driving through the forested hills of northern Idaho, one could be forgiven for assuming the growing recreational city of Coeur d'Alene brings all the buzz and value to the region.After all, it offers year-round recreational activities in stunning natural landscapes, serves as a commercial hub for the northern part of the state, and its adjacent Lake Coeur d'Alene hosts shoreline homes for a few H...Read More
The world's largest gold producer by volume and market cap Newmont (TSX: NGT; NYSE: NEM) says it is maintaining the full-year production guidance despite a weaker September-quarter performance.Newmont said its headline profit fell to US$212 million, or US27 ? per share, in the quarter that ended Sept. 30, from US$483 million, or US60 ? per share, a year earlier. Analysts, on average, had an expect...Read More
The first deep drill hole in the down dip extension of the Eskay Creek deposits in northwestern B.C. has identified a new occurrence of rhyolite-hosted mineralization about 650 metres down dip of the NEX Zone in the Eskay Deeps, and at a vertical depth of 850 metres below surface, Skeena Resources (TSX: SKE; NYSE: SKE) reports.Drill hole SK-22-1081 returned 3.79 grams gold per tonne and 59.4 grams...Read More
First Majestic Silver (TSX: FR; NYSE: AG) has announced positive drill results from its ongoing exploration program at the Jerritt Canyon gold mine in Elko County, Nevada.The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining, mid-term focused drilling to validate/test the presence of mineral...Read More
This week's episode features EY Canada's Theo Yameogo, Canada's Mining & Metals Sector Leader, in conversation with Northern Miner podcast host Adrian Pocobelli at the Global Mining Symposium. Theo explains how ESG (environmental, social and governance) policies have transformed from CSR (corporate social responsibility), and how he expects the trend towards ESG to take a similar trajectory to the...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW) may axe more than 2,000 jobs at some of its gold mines in South Africa as part of a restructuring of those operations struggling to make a profit.The Johannesburg-based miner said on Tuesday it would enter into consultations with labour groups and other stakeholders, which could impact 1,959 employees and 465 contractors at its Beatrix 4 shaf...Read More
Nestmann (via Dollar Collapse), Released on 11/1/22Look around you. What products do you have in your home that you could make for yourself or obtain some other way if they were no longer readily available at a supermarket or big-box store?Continue... The End of Globalization as We Know it added by Herman James on 11/04/2022View all posts by Herman James ?+'Read More
In case you haven't noticed, the majority of Big Tech's most notable recent moonshots are far from critical. I've asked it before, and I'll ask it again: Do we really need a metaverse? I'm struggling to imagine anyone working a 9-to-5 job as a legless, dead-eyed denizen of Mark Zuckerberg's uncanny valley. Or how about self-driving vehicles? I'll be the first to admit I can't wait to hand...Read More