Most of us recall the banking crisis of March to May 2023.It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits.Bank deposits over $250,000 each are not covered by FDIC insurance. Those depositors stood to lose all their money...Read More
Two of the juniors on Global Analyst Adrian Day's list reported year-end financial results last week, though in both cases, Day believes the financials were less important than other potential developments.Orogen Royalties Inc. (OGN:TSX.V) reported record revenue of $8 million for the year 2023 when it released preliminary fourth-quarter and full-year financial results. This is up 70% from 2022 re...Read More
Western Exploration Inc. CEO Darcy Marud gave an insight into recent updates at PDAC 2024.The CEO of Western Exploration Inc. (WEX:TSX.V;WEXPF:OTC), Darcy Marud, has touched on a major find at its Aura Project in northeastern Nevada. According to Marud during a presentation at PDAC (Prospectors & Developers Association of Canada) 2024, the site has seen drill activity and exploration "since 1997."...Read More
Technical Analyst Clive Maund reviews Silver X Mining Corp.'s 5-month chart to explain why he believes it is a Strong Buy.As set out in the last Silver Market update THE CASE FOR SILVER COULD NOT BE CLEARER.Silver is on the verge of following gold and breaking out into a major bull market and this bull market will eventually end up being all the greater because it is close to being at a record u...Read More
In the year 2020 a fellow taking in $59,000 could purchase the average American house.The monetary and fiscal deliriums of the pandemic period were on the simmer but not yet the boil.Trillions and trillions later... they have boiled into a beautiful inflation.Here then is our question:What salary must a fellow fetch to purchase the average American house in 2024?Your choices are these:A): $67,00...Read More
This brine target features areas with low HSAMT resistivity values, which indicate highly conductive material is present. Read why one expert likes this project in Nevada.Canter Resources Corp. (CRC:CSE; CNRCF:OTC; 601:FRA) created a three-dimensional model of its main, "very compelling," potentially lithium-bearing target at its Columbus project in Nevada to better understand the subsurface struc...Read More
Technical Analyst Clive Maund reviews Silver X Mining Corp.'s 5-month chart to explain why he believes it is a Strong Buy.As set out in the last Silver Market update THE CASE FOR SILVER COULD NOT BE CLEARER.Silver is on the verge of following gold and breaking out into a major bull market and this bull market will eventually end up being all the greater because it is close to being at a record u...Read More
The explorer has sufficient funds to see it through federal permitting for its Idaho project, noted a Cantor Fitzgerald report.Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) sold a royalty on all future silver production from its Stibnite gold-antimony-silver open-pit project in Idaho to Franco-Nevada, which paid Perpetua US$8.5 million (US$8.5M) up front, reported Cantor Fitzgerald analyst Mike...Read More
Defense Metals Corp. announced it has appointed a leading London corporate finance advisory boutique to review the strategic financing of its wholly owned Wicheeda rare earth element (REE) project in British Columbia. One analyst says the company could become a major global producer of the critical elements.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced it has appointed a leadin...Read More
Welcome to the year of the speculator.2024 has been a dream for adventurous investors who managed to catch lightning in a bottle and ride the mega-caps and semiconductors to outrageous heights.But I'm starting to see signs pointing to lower prices in the very near future...No, I'm not tracking the next big market meltdown... But I do expect the upcoming pullback to awaken more than a few hibernati...Read More
LONDON, 26 March 2024 - Analysis from BullionVault features today in a report on the latest gold-price records from Denmark's financial newspaper of record Berlingske, one of the world's longest-running continually published newspapers."Gold is a way to reflect the expectation of interest rates, the fear of inflation, and the fear of wars and events that create instability and turbulence in the fi...Read More
What's driving the current stock market frenzy? Is it a new bubble pure and simple? Is it driven by fundamentals? Does the Fed play an important role?Let's look at these factors and make a forecast of stock market index levels based on these and other inputs.Trends in stock prices over the past year have largely been a function of market expectations about Fed rate cuts and market euphoria over st...Read More
H.G. Wells concocted a marvelous trick ending to his classic tale The War of the Worlds (1897).Remember: the colossal Martian tripod "fighting machines" swarm all over the planet zapping cities with "heat rays"… it looks like all-is-lost… but finally the darn things just quit marching, stop zapping and stand down… the alien protoplasms at the controls (surprise ending) turn up de...Read More
Michael Ballanger takes a long look at the current state of the stock market, opining about lithium, uranium, gold, and a few stocks on his list.Since I first entered the securities industry in May of 1977 as a trainee with the venerable, old "bond house" known as McLeod Young & Weir Limited, little did I suspect that the business, otherwise referred to as a "random walk" would evolve into a mediu...Read More
In the 1990s, it was common to ridicule the government for being technologically backward.We were all gaining access to fabulous things, including the web, apps, search tools and social media. But governments at all levels were stuck in the past using IBM mainframes and large floppy disks.I recall the days of thinking government would never catch up to the glories and might of the market itself. I...Read More
A man is habitually battened upon his head with "elite" opinion.He takes daily instruction in what he must think and how he must think.If he fails to come aboard he is... varying by context... undemocratic, fascistic, racist, sexist, gay-phobic, transsexual-phobic, immigrant-phobic... and an altogether nasty fellow.He may even cast a vote for Mr. Trump.We are against these elites, so-called.We a...Read More
Goldshore Resources Inc. filed an updated technical report and shared upcoming catalysts to watch out for in a March 21 press release. Read to see what the company has planned for the rest of the year.March 21, 2024, Goldshore Resources Inc. (TSXV: GSHR;OTCQB: GSHRF ;FWB: 8X00) reported it had filed an updated technical report (National Instrument 43-101) of its 100%-owned Moss Gold Project in Ont...Read More
IberAmerican Lithium Corp. announced that it has entered into a business combination agreement with Strategic Minerals Corp., a producer of critical metals. One analyst says IberAmerican is headed for a bull market.IberAmerican Lithium Corp. (IBER:CBOE; IBRLF:OTCQB) announced that it has entered into a business combination agreement with Strategic Minerals Corp., a producer of critical metals.Chie...Read More
Barry Dawes of Martin Place Securities shares his thoughts on the gold market as well as the price of various currencies, as he believes a currency crisis is imminent. We all know gold has moved to new all-time highs and most commentary seems to relate back to the FED and interest rate policies. The theme seems to be that lower interest rates will encourage the US$ to fall and allow gold to rise.T...Read More