Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Thursday April 14, while those on the Shanghai Futures Exchange were also mixed, but with gains outweighing losses.* China expected to cut the reserve requirement ratio (RRR) for the country's banks* United States 10-year treasuries yields have eased, suggesting the recent reaction to US Federal Reserve rhetoric may have...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures moved lower following release of the March Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.6% versus a gain of 0.2% in February. Actual was an increase of 0.5%. Excluding auto sales, consensus was an increase of 0.7% versus a gain of0.2% in February. Actu...Read More
"Every good tree bringeth forth good fruit," says Matthew - "but a corrupt tree bringeth forth evil fruit."Today we lower our ax upon the root of America's corrupt money tree... and expose its evil fruit... the fiat dollar.You may be aware of the corruption. If you are a regular reader you are likely aware of the corruption.Yet a man must occasionally recall himself to obvious truths. The nose upo...Read More
What is money? Everyone thinks they know what money is, but the Fed doesn't even know what money is. They have three or more different definitions of money (M0, M1 and M2, etc.).For example, money includes cash and checking deposits. But then there's "near money," which includes such things as savings deposits and money market mutual funds. They can be converted into cash or checking deposits, so...Read More
Assume - for the moment - that yours is the standard American household. How much money did inflation steal from you in March?The answer, the distressing answer, shortly. First the news...March inflation data came issuing this morning. They represented the greatest annual inflationary jump since December 1981 - an 8.5% escalation.The New York Post gives the particulars:Labor Department officials s...Read More
I'm now looking again at the polls of Biden's popularity. They are shocking, even devastating.We are looking at nearly a 12-point split between approval and disapproval. I'm assuming that the reality is much worse, given that everyone knows what one is supposed to tell the pollsters. They are not looking for disapproval. They are looking for compliance. That so many are willing just to say what th...Read More
Our fathomless disfaith in experts is validated yet again...The United States Department of Labor issued December's unemployment figures this morning.A Dow Jones survey of economic wiseacres soothsaid that December would register 422,000 fresh jobs. How many fresh jobs did December register?199,000 - under half the projected figure.Here Mr. Nick Bunker, economic research director with Indeed, wrin...Read More
Despite higher commodity prices, base metal miners are likely to take an earnings hit in the first quarter of the year, as volatile price actions continue in the wake of recent geo-political events, says CIBC Capital Markets.In a research note to clients, CIBC mining analyst Bryce Adams said that economic sanctions on Russia, owing to that country's invasion of Ukraine, are the main driver of thes...Read More
Following short on the release of a resource update that tops 3 million oz. gold across all categories on the flagship Douay project in Quebec, explorer Maple Gold Mines (TSXV: MGM; US-OTCQB) believes it is reaching critical mass as it looks to drill test other underexplored zones, president and CEO Matthew Hornor says (watch the attached video interview).The Douay project in the Abitibi Gold Belt...Read More
The First Nations of Marten Falls and Webequie have submitted the terms of reference for the proposed Northern Road Link, a piece of infrastructure that Ontario describes as the "final piece" needed to build an all-season road into the Ring of Fire. The road would link two other roads that are being advanced separately by each community - the Marten Falls access road and the Webequie supply road...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has updated the mineral resource for its Mitchell and East Mitchell deposits, incorporating results of drilling completed in 2021. The resource estimates will be used in a new preliminary feasibility study (PFS) on the KSM project, expected in June 2022, which will for the first time incorporate the East Mitchell deposit into KSM's mine plans.The Mitchell and Ea...Read More
Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) hasn't altered its 2022 production guidance of 460,000-490,000 oz. of gold untouched, despite reporting that higher-than-expected absenteeism due to the Covid-19 Omicron variant hit output in the first quarter. Gold production in the first three months of the year fell to 93,209 oz., from 111,742 oz. in the same period last year and from 122,582 ounces...Read More
Chile's crown as the world's largest producer of copper is at risk as the country's output continues to be lower than expected despite the billions of dollars invested in new projects in the past 18 years, BMO's Colin Hamilton warned on Thursday.The commodities analyst noted he had received several questions over the past week about the weakness in Chilean copper output year-to-date, as first quar...Read More
As the world transitions away from fossil fuels to electrified transportation systems and energy networks, new deposits of the minerals required for a low-carbon future will need to be discovered and developed. Here is a list of eight companies exploring for these minerals, which include lithium, cobalt, graphite, and nickel. ARGENTINA LITHIUM & ENERGY Argentina Lithium's Incahuasi project in th...Read More
Dear Outsider,Elon Musk's made some bold predictions over the years, most of which haven't come true.He's made a name for himself as the boy who cried wolf.In 2017, he launched Neuralink, a company that creates brain implants to help repair and reverse severe brain and spinal cord injuries. Musk predicted the brain microchips would be widely available by 2021. But the company's not even close to m...Read More
Mauldin Economics, Released on 4/15/22In this episode of Global Macro Update, Ed D'Agostino and John Mauldin, co-founder of Mauldin Economics, discuss the most challenging environment for investors in years, the near daily shifting global landscape, the likelihood of the Fed engineering a "soft landing" and much more.John Mauldin is a renowned financial expert, a New York Times best-selling author...Read More
Patriot Underground, Released on 4/14/22Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Jim Willie: Ukraine - Russia To The Rescue? C...Read More
Rice TVx, Released on 4/15/22On this episode, I am once again joined by trader Gareth Soloway. Gareth has 20+ yrs experience as a veteran trader & technical analysis master with a proven, verifiable track record. He is also the President and Chief Market Strategist for inthemoneystocks.com. I get Gareth's thoughts on the recent CPI data and inflation for 2022. Then we dive into some technical anal...Read More
Wealthion, Released on 4/15/22For Part 1 of this interview, CLICK HEREMichael Pento return in Part 2 of our interview with him to share how his portfolio is currently positioned today (short & long duration US Treasury bonds, bond proxies like WalMart, gold & precious metal mining companies, and junk bond shorts) and how he plans to amend it when the bear market arrives in earnest (cash, USD, long...Read More
Fox Business, Released on 4/14/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An I...Read More