According to data collected by the research firm Statista, 29 percent of Americans cannot afford to take a vacation this year. A vacation is not the only thing Americans are struggling to afford. The failure of wages to keep up with price inflation is why household debt hit a record level of 18.4 trillion dollars this year, with the average household owing more than 100,000 dollars.The Federal Res...Read More
Coeur Mining Inc.'s (CDE:NYSE) pending takeout of New Gold Inc. (NGD:TSX; NGD:NYSE.MKT) is heavily focused on near-term metrics like free cash flow per share, noted a ROTH Capital Partners report. Coeur Mining Inc. (CDE:NYSE) agreed to acquire New Gold Inc. (NGD:TSX; NGD:NYSE.MKT) in a US$7 billion all-stock transaction, reported Joe Reagor, managing director and senior research analyst at ROTH C...Read More
Analysts say Perpetua Resources Corp.'s (PPTA:TSX;PPTA:NASDAQ) US$255 million investment from Agnico Eagle Mines Ltd. (AEM:TSX;AEM:NYSE) and JPMorganChase significantly reduces funding risk at Stibnite. New price targets reflect growing confidence in the project's scale, economics, and national security importance. Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) is drawing strengthened convictio...Read More
Yesterday, NVIDIA CEO Jensen Huang dropped a bombshell. He told the Financial Times, "China is going to win the AI race."Via FT.com:Nvidia chief executive Jensen Huang has warned that China will beat the US in the artificial intelligence race, thanks to lower energy costs and looser regulations.In the starkest comments yet from the head of the world's most valuable company, Huang told the FT: "Chi...Read More
Ever feel like the world's gone mad, idiocy reigns, and the wise are mocked? Every day, you say?Well then, welcome! You're living in Desiderius Erasmus's world. Only 500 years later.Erasmus of Rotterdam (1466-1536) was the original intellectual troublemaker the man who used humor, reason, and razor-sharp Latin to mock the stupidity of his age while trying to save it from itself.Born illegitimate...Read More
Investors call copper "Dr. Copper" because this metal has a PhD in economics.In the modern world, copper is foundational.Electronics, wiring, motors, plumbing, cars, appliances. It's in everything.So most of the time, we can tell a lot about the economy by watching the price of copper.And the price just broke out to a new all-time high above $11,200 per ton.Source: Mining.comBut this isn't purely...Read More
Inquiring minds want to know: How's the "Greatest Political Experiment of Our Age" going? Herewith, an update.Historic… Momentous… Crushing…These are just some of the words missing from the mainstream media's "reporting" of Argentina's midterm election yesterday.Defining… Landslide… and Humiliating were also conspicuously absent from the shame-free establishment bullh...Read More
Oil prices are falling, but oil stocks are not. That's a great setup for short sellers and a terrible one for buyers.According to data broker Statista, the breakeven price for most U.S. oil producers is between $61 and $70 per barrel. The current oil price is below that today. That means we are in the pain zone for oil producers.The last time we saw oil prices this low was 2021:Longtime natural re...Read More
NBC News with the latest:AI giant Nvidia becomes the first company worth $5 trillion, powered by the AI frenzyThe value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.The Economist says we are in an "astonishing boom…fueled by optimism about artificial intelligence." That optimism has driven up p/...Read More
A disturbing chart is making waves in the financial world.It's a long-term view of job openings (blue) vs the S&P 500 (black). The dotted line shows when ChatGPT launched in November of 2022.Take a look:Digesting this chart gives me heartburn.As you can see, historically job openings and the stock market have moved in parallel. When the economy was good, both metrics moved up. When it was bad,...Read More
The Big Short is one of my favorite movies (and books).It's a powerful story of investors who bet against the housing bubble, persevered through adversity, and won big.The story focuses on Michael J. Burry, a small but successful hedge fund manager in California. In the movie, Burry is played by actor Christian Bale. There are others featured in The Big Short who bet against the housing market, bu...Read More
Greetings from New Orleans. I'm here for the 51st annual Investment Conference, formerly called the Gold Conference, founded half a century ago by the late Jim Blanchard. If you own gold, it's because Jim fought tooth and nail in the 1960s and 70s to change U.S. law to allow private ownership.And as you've undoubtedly noticed if you own gold - or if you go to buy some right now - the price is up-u...Read More
"A government-run grocery store? What a disaster!""I know! By the way, I made 2x on Intel after the government bought in!"These quotes summarize recent comments I've heard about government interventions in private markets.The first, of course, refers to NYC mayoral candidate Zohran Mamdani's plan to open city-run grocery stores. The idea is to eliminate greed and profit from the equation, and give...Read More
Bubble-like behavior?A friend is a builder in Washington, specializing in high-end houses."I've never seen anything like it. There's just so much money in Washington. We're doing 15 different projects. Every one of them is spectacular."Money is everywhere. Everything is going up. Gold, for example. CNBC:Gold could reach $10,000 by the end of the decade, says Ed Yardeni.Which is another way we coul...Read More
Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announces the start of its autumn surface drilling campaign at its flagship Quesnelle Gold Quartz Mine Property. Read what an analyst had to say about the stock. Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced the commencement of its autumn surface drilling campaign at its flagship Quesnelle...Read More
Coeur Mining Inc. (CDE:NYSE) inks a deal to acquire New Gold Inc. (NGD:TSX; NGD:NYSE.MKT) for US$7 billion to thereby create a new, all North American senior precious metals producer. Read on to find out what experts say about the pending transaction and prospective new company. Coeur Mining Inc. (CDE:NYSE), a midsize U.S. precious metals producer, agreed to acquire New Gold Inc. (NGD:TSX; NGD:NY...Read More
Harvest Gold Corp. (HVG:TSX.V; HVGDF:OCTMKTS) has resumed drilling at the central zone of its flagship Mosseau property in Quebec. The program targets previously undrilled gold zones east of the Kiask River Corridor. Harvest Gold Corp. (HVG:TSX.V; HVGDF:OCTMKTS) has resumed diamond drilling at the central area of its flagship Mosseau property, located in Quebec's Abitibi Greenstone Belt. The comp...Read More
Research Capital Corp. Analyst Stuart McDougall increases the firm's target price for Blackrock Silver Corp. (BRC:TSX.V; BKRRF:OTCQX) to CA$1.30/share, up from CA$0.80/share, to reflect the company's continued exploration success at its fully owned Tonopah West project in Nevada. Research Capital Corp. Analyst Stuart McDougall wrote in an updated research note on October 30 that he was increasin...Read More
In an updated research note on October 28, Red Cloud Analyst Taylor Combaluzier discusses initial assay results from the eastern expansion drill program at Blackrock Silver Corp.'s (BRC:TSX.V; BKRRF:OTCQX) fully owned Tonopah West project in Nevada. Find out how he rated the stock. In an updated research note on October 28, Red Cloud Analyst Taylor Combaluzier discussed the news from Blackrock Si...Read More
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reported multiple high-grade intercepts from underground drilling at the Madsen Mine in Ontario's Red Lake district. The latest results extend mineralization in the Lower Austin Zone and support ongoing development plans. West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has reported a new series of high-grade gold in...Read More