Yesterday we asked:Which democracy was superior, we asked modern American democracy or ancient Athenian democracy?We slanted in the direction of Athenian democracy.That is because Athenian democracy minded its money.Athenian democracy amassed a handsome budgetary surplus... over which the citizens themselves stood watch.They could have gotten their hands upon this vast amassing. Yet they did n...Read More
Dolly Varden Silver Corp's recent gold assay results suggest it may need to change its name as it looks more like an Eskay Creek analog, noted Bob Moriarty of 321gold.comDolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX), known for owning one of Canada's historic highest-grade silver mines, recently released gold assay results that are making investors take notice. With grades reminiscent of the ne...Read More
LONDON, 5 March 2024 - Comment, data and analysis from BullionVault features tonight in a report on gold's new all-time record prices published at MSN, the global news portal from US tch giant Microsoft."Gold's latest run to new record highs has come on a jump in speculative betting," says the report, first published by US financial news-site MarketWatch, quoting Adrian Ash, director of research a...Read More
“Democracy never lasts long,” warned old Johnny Adams long ago.“It soon wastes, exhausts and murders itself,” Mr. Adams added.Your editor has himself stretched democracy upon his vivisection table... and upon examination discovered a deeply diseased patient.Its blood stagnates in pools. Its liver reveals excessive alcoholic intake. Its brain manifests an advanced dementia.Y...Read More
Chris Temple of The National Investor shares his thoughts on the gold and uranium markets, and one uranium stock he believes is currently a Buy.As MarketWatch, among others, is REPORTING, the most active gold contract closed the day and week yesterday at a new all-time nominal high.This came as a fresh wave of inflation numbers were more or less in line with expectations . . . fresh signs emerged...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the stock market, as well as a couple stocks he believes are Buys.This Sunday, the 93rd annual convention of the Prospector and Developers' Association unfolds in lovely downtown Toronto within the walls of the massive Metro Convention Centre where every year, thousands of mining industry executives gather along wit...Read More
They say the definition of insanity is doing the same thing over and over again and expecting different results.But if this adage is accurate, shouldn't most investors buy a one-way ticket to their local looney bin?Perhaps this is an insensitive comment. Let me clarify: I don't really believe all investors are nuts. Even if they were, I'm pretty sure most of the country's mental asylums shuttered...Read More
LONDON, 4 March 2024 - Analysis, data and comment from BullionVault's research team today forms the heart of a look back to the UK's infamous 1999 gold sales from Telegraph Money, the financial pages of the UK's Daily Telegraph newspaper.25 years ago, "gold was increasingly being seen as a 'barbarous relic'," says The Telegraph, and the UK was far from alone in selling down its gold bullion reserv...Read More
LONDON, 4 March 2024 - Analysis and comment from BullionVault today features in global data and financial-news service Bloomberg's report on the surge to all-time highs in the price of gold bullion.With Moscow and Nato now repeatedly warning of the risk of a direct conflict, "Central-bank demand is helping offset profit-taking by investors looking to cash in on the higher gold prices," says the ar...Read More
Today we bear the gravest news:Elements of the United States government will "shut down" midnight Friday absent bipartisan resolution to keep it in funds.Some 20% of the federal apparatus will be padlocked and chained.And as Uncle Samuel's doors swing shut... Pandora's hellish box will swing open.You will have each and every species of calamity on your hands.Chaos and old night? You will have it...Read More
LONDON, 3 March 2024 - Gold-price data from BullionVault is featured in a report on this morning's new all-time highs posted at ThisIsMoney, the UK personal finance site from the Daily Mail group of companies.Read the full story and see BullionVault's charts at ThisIsMoney here:Gold price hits record high: What's behind the latest surge and how do you invest in it? Read More
We are living through one of history's longest and most excruciating versions of "We told you so."When in March 2020, the world's governments decided to "shut down" the world's economies and throttle any and all social activity, and deny kids schooling plus cancel worship services and holidays, there was no end to the warnings of the terrible collateral damage, even if most of them were censored.E...Read More
Ideologies sound wonderful in the abstract, but run aground in the granular real world. The dominant ideology in the world today isn’t a political ideology, it’s the ideology of the market.In this ideology, the market is presented as the ideal problem-solving mechanism, as the interplay of supply and demand and the free flow of capital and labor will automatically fill unmet demand wit...Read More
Seabridge Gold Inc. announces it has filed a new technical report for its 100%-owned Courageous Lake project in the Northwest Territories that makes the operation "considerably more sustainable and profitable." Read why at least one analyst agrees.Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it has filed a new National Instrument 43-101 technical report for its 100%-owned Courageous Lake p...Read More
My goodness, I didn't have that on my Bingo card. I had just written last week's piece for the Morning Reckoning about opportunity cost.And yet, there was Jon Stewart, back on television in all his glory, getting it completely wrong. I actually smacked my head when I heard his nonsensical outburst. Of course, if it's an outburst nowadays, it's usually about Tucker Carlson.And what did Stewart say...Read More
Barry Dawes of Martin Place Securities shares his thoughts on the current state of the gold market and where he believes it is headed.Gold is still holding on, but sentiment is very poor.Will it hold above US$2000 for another monthly close in February?KeypointsGoldAnother monthly close above US$2000 would be very positiveMarket sentiment is very poorBulls giving upGold StocksXAU at a critical leve...Read More
"There are no solutions," intones economist Thomas Sowell "there are only trade-offs."Preserving Earth is a trade-off to shame all trade-offs...For the cost of preserving Earth may consign its American inhabitants to a poorhouse.The Committee for a Responsible Federal Budget, so-called:Last April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standa...Read More
Global Analyst Adrian Day reviews year-end financials from several companies in the resource and global markets. Most of them had some disappointing news in their results, according to Day, but he leads with a junior that received some unvarnished great news.Orogen Royalties Inc. (OGN:TSX.V) received good news when AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) held its yearend analys...Read More
Are stocks presently:A) Severely undervalued...B) Somewhat undervalued...C) Fairly valued...D) Somewhat overvalued... or...E) Severely overvalued?Please select your answer.Yet the devil is in us today. Let us then befuddle, confound and dizzy you with another selection:F) Stocks are obscenely overvalued.What is the answer? You will have it shortly.Let us first look in on the center of our mystery...Read More
Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it's in no hurry to cut interest rates, some analysts continue to see bright skies ahead this year for the precious metal.Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it's in no hurry to cut...Read More