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
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
Picture a single country at the center of the world's monetary system.An empire overflowing with unprecedented wealth.Sounds pretty nice. But underneath the shiny surface, all isn't well.These vast riches have discouraged industry at home. The country imports most of its goods.Its elites are living a life of luxury. Building palaces and importing the finest foreign wares.But inflation becomes a pe...Read More
Did President Autopen just run out of ink?That's a serious question but probably does require some explanation. Recent months have been filled with so-called tell-all books from Biden administration insiders. In trying to boost sales, they write about how Biden's cognitive impairment was a preoccupation around the White House. Staff had to use teleprompters for informal meet-and-greet events. The...Read More
Michael Ballanger of GGM Advisory Inc. reviews Mamdami's win in NYC, takes a look at gold, silver, and copper. Democracy has its roots in the Magna Carta, a historic document sealed by King John of England in 1215 under pressure from his rebellious barons. Written in Latin, the "Great Charter" established that the monarch was not above the law and documented the liberties of "free men," forming a...Read More
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has initiated the permitting process for its Aura Gold-Silver Project by engaging Stantec to prepare the Mine Plan of Operations. The milestone advances the Doby George deposit toward potential development and follows strong economic results outlined in the company's recent PEA. Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has taken a key step in...Read More
Western Copper and Gold Corp. (WRN:TSX; WRN:NYSE.MKT) submits the environmental and socioeconomic effects (ESE) statement for its Casino asset in Yukon, thereby beginning the territorial permitting process, noted an H.C. Wainwright & Co. report. Western Copper and Gold Corp. (WRN:TSX; WRN:NYSE.MKT) achieved a major permitting milestone by delivering an environmental and socioeconomic effects (ESE...Read More
Silver X Mining Corp. (AGX:TSX.V; AGXPF:OTC) appointed a new general manager and engaged strategic advisors to support operational efficiency and disciplined growth. The company said the moves come as it advances expansion plans amid a strong global silver market. Silver X Mining Corp. (AGX:TSX.V; AGXPF:OTC) has appointed Ricardo Martinez as general manager and engaged a strategic advisory firm c...Read More
Coeur Mining Inc.'s (CDE:NYSE) free cash flow was up US$43 million ($43M) quarter over quarter and beat BMO Capital Markets' forecast by US$16M, noted a report by the financial services firm. Coeur Mining Inc. (CDE:NYSE) released its Q3/25 results, and they were as expected, reported Kevin O'Halloran, analyst at BMO Capital Markets, in an October 29 research note. BMO raised its target price on t...Read More
After the stellar year we've had in precious metals, a correction was inevitable. Necessary, in fact.And last month, it finally happened.Gold fell about 10% from a high of around $4,400 to $3968.The GDX gold miner ETF slipped from a high of $85 to $68. Almost exactly -20%.Silver fell from around $54 to $47 (-13%), while the SILJ junior silver miner ETF dropped from $27 to $20, a substantial 26% dr...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
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
West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) intersected 24.4 meters of 1.63 g/t gold at its NE Tyro zone, with drilling extending near-surface mineralization by 100 meters. The 2025 campaign is part of a fully funded 10,000-meter program at the Gold Chain Project in Arizona. West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported additional assay results from its 2025 drill campaign at the Gold...Read More
Newsletter writer Stewart Thomson addresses the question: Are Trump's tariffs in trouble and what could this mean for gold? Gold has been in corrective mode since October 21, when it double-topped at about $4380, and investors are asking. . . What are the drivers of this pullback? Well, from a technical standpoint, oscillators were overbought, and sentiment was a bit frothy.The big catalyst was s...Read More