BofA Global Research is lowering its price forecasts on key industrial metals for this year and next as headwinds including high energy prices, rising rates and slowing growth increase the risk of a global recession.The bank has cut its copper price estimate for 2022 by 12.5% to US$3.97 per lb. (US$8,750 per tonne) and by 24% to US$3.29 per lb. (US$7,250 per tonne) for 2023."Copper is most exposed...Read More
BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over ?5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a deadly dam failure in Brazil seven years ago.The group claim, one of the largest in British legal history, alleged that BHP, the world's largest miner by market value, ignored safety warnings as the dam's capacity was repeatedly increas...Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has reached the first milestone in its proposed expansion of the Zgounder silver mine operations in Morocco: the completion of front-end engineering design (FEED), including flowsheet modifications, of a new 2,000 tonne-per-day flotation-CIP processing plant.The FEED phase saw the company check off many important items previously recommended by the Zgou...Read More
The LaRouche Organization, Released on 7/8/22BoJo is almost gone, but the policy direction he backed remains. Western "strategists" refuse to accept the inevitable defeat of their war plans against Russia, while much of the world is moving away from submission to the dictates of the Unipolar Rules-Based Order. Friday Question: How does raising interest rates address the deepening economic/financia...Read More
Wall Street Silver, Released on 7/8/22Alasdair Macleod joins us today to share his thoughts on a shutdown in the markets across the board. We also discussed a possible new world reserve currency and why the price of precious metals keeps falling.Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decad...Read More
Mish Talk, Released on 7/8/22The EU is phasing out natural gas furnaces. Hooray?!Continue... Mish Shedlock: Let's Investigate Alleged EU Environmental and Climate Change Progress added by Herman James on 07/09/2022View all posts by Herman James ?+'Read More
Libs of Tik Tok, Released on 7/8/22Wow... this is what kids in San Francisco have to walk through to get home from school... watch till end pic.twitter.com/zMdsC16Jlf- Libs of TikTok (@libsoftiktok) July 9, 2022 Wow... this is what kids in San Francisco have to walk through to get home from school... watch till end added by Herman James on 07/09/2022View all posts by Herman James ?+'Read More
Zero Hedge, Released on 7/8/22Russian President Vladimir Putin told a government meeting on Friday that the domestic energy industry remains stable despite suffering setbacks from Western sanctions in the wake of the Ukraine war. Continue... Putin: Sanctions Risk "Catastrophic Energy Prices" That Will Take Long To Correct added by Herman James on 07/09/2022View all posts by Herman James ?+'Read More
The Daily Gold, Released on 7/8/22The turning point for precious metals will align with or begin as the market senses a shift in Fed policy. Whether Continue... Jordan Roy-Byrne: Gold & Gold Stocks Weeks From Historic Bottom added by Herman James on 07/09/2022View all posts by Herman James ?+'Read More
Bloomberg (via Yahoo Finance), Released on 7/8/22"This case is about a criminal conspiracy inside one of Wall Street's largest banks," said Lucy Jennings, Continue... JPMorgan Gold Desk Ripped Off Market for Years, Jurors Told added by Herman James on 07/09/2022View all posts by Herman James ?+'Read More
Commodities have been corrected hard, generally to supportIt is amazing how compressed the cycles are in the markets these days. But maybe it’s not so surprising when you consider the constant involvement of meddling, manipulating central banks and even governments. Add a dash of hysterical media and the human instinct for knee-jerk herding and voila, there you have it; sentiment in commodit...Read More
Oil prices fluctuated on fears of arecession and a contraction in demand. What are the main figures to observe inthis critical month?Crude oil prices hovered between red andgreen on Thursday after two days of steep losses this week, still plagued byfears of a global economic recession that could threaten demand but also supplycuts in a tight market.NewLockdown and Restrictions for the Chinese Pand...Read More
GoldSilver Pros, Released on 7/8/22We discuss why gold is not only natural money that needs no human intervention but also is the essence of liberty itself. We discuss many topics related to gold and fiat currencies such as money velocity, inflation, the Fed and central banking, and individual economic freedom. James Turk has specialized in international banking, finance and investments since grad...Read More
OilPrice.com, Released on 7/8/22Russia will increase its gas supplies to Europe if a turbine necessary for Nord Stream 1 that is currently undergoing repair in Canada is returned, Reuters reported on Friday.Continue... Russia Says It Will Increase Gas To Europe Under One Condition added by Herman James on 07/10/2022View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 7/8/22 The metals market will "catch people by surprise," says Peter Grandich of Peter Grandich & Co. He sees gold and silver have much higher potential upside than downside. He has completely exited the general stock market, anticipating further downside as a recession becomes a reality.0:00 Intro1:09 I'm ALL IN3:26 Is this a bottom?6:17 Gold vs silver9:55 Dedolla...Read More
Commodities have been corrected hard, generally to supportIt is amazing how compressed the cycles are in the markets these days. But maybe it’s not so surprising when you consider the constant involvement of meddling, manipulating central banks and even governments. Add a dash of hysterical media and the human instinct for knee-jerk herding and voila, there you have it; sentiment in commodit...Read More
Oil prices fluctuated on fears of arecession and a contraction in demand. What are the main figures to observe inthis critical month?Crude oil prices hovered between red andgreen on Thursday after two days of steep losses this week, still plagued byfears of a global economic recession that could threaten demand but also supplycuts in a tight market.NewLockdown and Restrictions for the Chinese Pand...Read More
Here's a fun fact about me...I'm a real history buff. I love history. Always have. Always will. I've read thousand-page books on the Ottoman Empire. I've spent way more time than I should have researching World War I. And just last week, my father-in-law walked in on me watching a PBS special about the ancient civilizations of Mesopotamia. There are more embarrassing things for a person to admi...Read More
Daily Mail, Released on 7/8/22A woman in Norway purchased a pile of costume jewelry from an online auctionContinue... Gold ring once worn by Viking chief 1,200 years ago found in stash of 'cheap jewelry' from online auction added by Herman James on 07/21/2022View all posts by Herman James ?+'Read More
LONDON, 8 July 2022 - Leading US investment news-site MarketWatch today quotes BullionVault in its latest report on gold prices.With gold prices slipping today but outperforming all major asset classes except crude oil in 2022 so far, action in gold exchange-traded fund holdings "doesn't suggest any kind of rush for the exits," MarketWatch quotes BullionVault director of research Adrian Ash."[Gold...Read More