US President Joe Biden is scheduled to host African leaders in Washington from December 13-15 to "foster new economic engagement," in the words of the State Department.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures moved lower following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase 0.2% versus a gain of 0.2% in October. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase of 7.2% versus a gain of 8.0% in Octobe...Read More
The federal government on Friday unveiled the details of its Critical Minerals Strategy, a plan first introduced in its April budget that earmarks almost $3.8 billion over eight years to further develop Canada's place in the global critical minerals industry.A significant portion of the total funding - $1.5 billion - is allocated over seven years for constructing infrastructure for critical minera...Read More
Australia-based Latin Resources (ASX: LRS) has reported an initial resource estimate for its Colina hard rock lithium deposit in Brazil after just 10 months of drilling. The deposit, part of its Salinas project in Minas Gerais state, holds 2.1 million tonnes of indicated resource grading 1.21% lithium oxide for 25,100 tonnes of Li2O (or 60,000 tonnes lithium carbonate equivalent), plus 11.2 mil...Read More
Endeavour Silver (TSX: EDR, NYSE: EXK) filed a technical report for its recently acquired Pitarrilla silver-lead-zinc project in Durango state, Mexico that outlines indicated and inferred resources as of Oct. 6.Total indicated resources (open pit and underground) at Pitarrilla are estimated at 158.6 million tonnes grading 96.4 grams silver per tonne, 0.31% lead and 0.74% zinc. Contained metal come...Read More
Young Mining Professionals (YMP), in partnership with The Northern Miner, has opened nominations for the 2023 Young Mining Professional of the Year Awards, the organization said in a release on Thursday. The awards are named after two iconic entrepreneurs in the mining industry, Peter Munk and Eira Thomas.YMP is soliciting nominations from the public to identify the top leaders in the mining and m...Read More
Pakistan's Supreme Court endorsed on Friday a settlement between the country's government and Barrick Gold (TSX: ABX; NYSE: GOLD), which allows the Canadian miner to resume work at its Reko Diq copper and gold project.The favourable court decision is vital to securing parliamentary support for the US$7-billion project, which is the final approval Barrick would need to kick off construction at Rek...Read More
Despite an "unusually high level of uncertainty" surrounding consensus expectations for 2023, on balance, a "mixed set of influences implies a stable but positive performance for gold," the World Gold Council states in its Gold Outlook 2023: The global economy at a crossroads. In an environment where there are headwinds and tailwinds for gold based on an outlook of weaker global growth and a shor...Read More
The European Union (EU) and Chile inked on Friday a fresh partnership deal that will give the bloc greater easier access to lithium, copper and other raw materials that are key to the transition to renewable energy sources.Chile, the world's top copper producer and the second largest lithium miner, will drop tariffs on all imports from the EU, except sugar, and make it easier for European compani...Read More
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Stansberry Research, Released on 12/9/22"Sam Bankman-Fried ran out of runway, it's similar to Bernie Madoff and also the 2008 financial crisis," says Max Keiser of the Keiser Report, founder of Bitcoin Capital and Heisenberg Capital. "The regulators really have some answers that need to be filled in, this was the culmination of a multidecade nightmare," he tells Daniela Cambone in this edition of...Read More
Liberty and Finance, Released on 12/9/22 (Recorded on 12/6/22)Inflation by design is legalized theft of your retirement. Central banks, in full collusion with governments, are draining the value from our savings, pension, Social Security, and retirement accounts, forcing people back into the workforce, and forcing retirement fund managers to take ever riskier bets to keep afloat, putting all our f...Read More
The Megyn Kelly Show, Released on 12/9/22Peter Schiff and Megyn Kelly discuss the economy, inflation, jobs, crypto, Sam Bankman-Fried, FTX, the NFT craze, Elon Musk, Tesla, and Twitter.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 fr...Read More
The Daily Gold, Released on 12/9/22In this video we analyze and update the Gold against the S&P 500 ratio. The Gold to S&P 500 ratio has rebounded in recent weeks and has maintained a hold above its 400-day moving average since August even as the S&P 500 has rebounded. The next key developments to watch for are the S&P 500 to trade lower and lose its 40-month moving average near 3800 and for the F...Read More
Howe Street, Released on 12/9/22Apple trying to move production out of China...Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.Bob Hoye: Crypto Exchanges Not the Only Ones Limiting Withdrawals added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
Daily Caller, Released on 12/9/22House Democrats introduced a bill Tuesday known as the "Identifying Mass Shooters Act" that will direct the Continue... Dems want to monitor social media for 'mass shooters' added by Herman James on 12/11/2022View all posts by Herman James ?+'Read More
The Epoch Times (via Zero Hedge), Released on 12/9/22Elon Musk has confirmed that political candidates were shadow banned by TwitterContinue... Musk Confirms Political Candidates Were Shadow Banned By Twitter's Censors added by Herman James on 12/11/2022View all posts by Herman James ?+'Read More
King World News, Released on 12/9/22Continue...Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. Alasdair Macleod: This Is The Most Important Event For Gold In 50 Years added by He...Read More
Wolf Street, Released on 12/9/22This year, the amount in interest that the Fed pays on reserves (to banks) and that it pays onContinue... Wolf Richter: How Big Are the Fed's Losses and Where Can We Go See Them? added by Herman James on 12/11/2022View all posts by Herman James ?+'Read More
News Punch, Released on 12/9/22CNN published an article on their website recently entitled, "Our pets are part of the climate problem. These tips can help you minimize their Continue... WEF Wants to Eliminate Millions of Pet Cats and Dogs to Fight Climate Change added by Herman James on 12/11/2022View all posts by Herman James ?+'Read More