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
The company expects that Kamoa Copper will become the world's third-largest copper mining complex after the phase 3 expansion with annualized copper production capacity of about 600,000 tonnes perRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures were virtually unchanged following release of the March Trade Deficit at 8:30 AM EDT. Consensus was $106.7 billion versus $89.20 billion in February. Actual was $109.8 billionThe Canadian Dollar was virtually unchanged at US78.04 cents following release of Canada's March Me...Read More
Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since.This process can take many years. For example, the decline of sterling as the leading global reserve currency played out over 30 years from 1914 (the beginn...Read More
"If we get a recession in 2022 or 2023," The Wall Street Journal informs us, "it'll be a mild one."Just so. And if RMS Titanic strikes a North Atlantic berg en route to New York... it will only be a tiny one.The United States Department of Commerce reports that first-quarter gross domestic product contracted 1.4%.The shrinking was "unexpected" - at least by the experts among us. A Dow Jones survey...Read More
There are days when you just want to shout: Thank goodness for the market!It seems like one of the few institutions remaining that actually tells the truth in a world of lies. It checks governments, ideologues, central banks, preening elites and delusional intellectuals and finally tells the world what is true.The message is not always obvious and clear but the trajectory is. It's about all we hav...Read More
It seems that more and more commentators and political figures are calling for an increased U.S. role in Ukraine, even the deployment of ground troops.For example, Sen. Chris Coons of Delaware recently argued, "We in Congress and the administration [must] come to a common position about when we are willing to go the next step and to send not just arms but troops to the aid in defense of Ukraine.&#...Read More
The latest estimate of U.S. GDP growth for the first quarter of 2022 from the Federal Reserve Bank of Atlanta is 1.3% (annualized). That's a notably weak reading and it comes just days before the final number is published by the Commerce Department.It's true that the first quarter is behind us, but the first quarter was relatively unaffected by the war in Ukraine, which began Feb. 24. The impact o...Read More
Did you catch the absolute frenzy about Elon Musk's proposed takeover of Twitter? Employees at Twitter were falling on their fainting couches repeatedly.The Washington Post warned of the grave danger to democracy.Now think about this. This is a highly censored platform. They ban you for raising questions about vaccines. You are dinged for wondering a bit about Zelenskyy's war drums. They body-bag...Read More
Today we advance a hypothesis:A high and ascending culture merits a currency equal to its excellences. For example: The gold solidus of the Byzantine Empire endured some 700 non-debased years - seven centuries.Meantime, a low and declining culture suffers the currency it deserves. That is, a low-culture currency is worth scarcely the "paper" upon which it is printed.Examples - infinite examples -...Read More
How long will today's inflation last? Deficits are the obvious place to begin with. The best way to consider debt is the debt-to-GDP ratio; you put the debt in the context of the gross income needed to service the debt.The best estimate for annual U.S. GDP as of Dec. 31, 2021, is $24 trillion. The result is a U.S. debt-to-GDP ratio of 125% ($30T ?? $24T = 1.25). Another estimate puts the ratio at...Read More
The dollar price of gold is up about 2.7% in the past month, 8.4% in the past three months and 14% in the past year. That's not only a strong performance, but good evidence that the long 16-month dry spell from Oct. 1, 2020-Feb. 1, 2022, when gold traded in a range between $1,700 per ounce and $1,900 per ounce with very few exceptions, is also over.Gold has moved to higher ground in the $1,900-2,0...Read More
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has reported more high-grade gold results from its ongoing, 400,000-metre drill program at its Queensway project in Newfoundland. Highlights from the drilling included 6.8 metres grading 8.7 grams gold per tonne starting from 98.3 metres in drill hole NFGC-22-533; and 2.2 metres grading 275 grams gold starting from 32.5 metres in drill hole NFGC-22-538....Read More
Shares of Baselode Energy (TSXV: FIND; US-OTC: BSENF) rose to their highest in May as the company reported elevated radioactivity in a near-surface interval in drill hole AK22-038 as part of the company's ongoing 20,000-metre drill program on the Ackio uranium discovery at its Hook project, in northern Saskatchewan's Athabasca Basin.The drill hole reported a radioactivity of 914 counts per second,...Read More
SRK Consulting has built deep experience working in the African mining sector and has developed a firm grasp of where potential opportunities are and some of the critical challenges preventing the industry from contributing to local economies to its fullest potential.The Northern Miner's senior reporter, Henry Lazenby, caught up with SRK Consulting director and principal consultant Andrew van Zyl...Read More
Champion Iron (TSX: CIA; US-OTC: CIAFF) has completed the first rail shipments containing 24,304 tonnes of high-grade 66.2% Fe iron ore concentrate from the Phase II expansion project at the Bloom Lake mine in Quebec.The mine complex is located approximately 13 km north of Fermont, and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada. The Bloom Lake...Read More
Osisko Mining (OSK: TSX) has released more high-grade results from its infill and expansion drilling at the Windfall gold project in Quebecc, including 43 intercepts in 17 underground drill holes and five wedges from surface.The infill intercepts are located inside the mineral resource estimate (MRE) blocks defined in January 2022, which reflected 1.7 million metres of drilling. The measured and i...Read More
Iamgold (TSX: IMG; NYSE: IAG) has revealed a costs blowout at its massive C??t?(C) gold project in Ontario, with preliminary estimates from an ongoing risk analysis indicating that development of the asset would require between US$1.2 billion and US$1.3 billion to complete.That compares to the company's previous assessment of between US$710 million and US$760 million needed and represents an eye-p...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES1844 Resources Inc. (TSX-V:EFF) (theRead full newsRead More
Dear Outsider,There's something strange going on in the land of information.In a world where everyone gets their content from YouTube and social media, the last decade or so has seen an erosion of truth. Not just factual truth, but life lessons as well.For proof, just look at all the conflicting information we got about the pandemic... death rates, infection statistics, etc.What's more is modern n...Read More
While non-ferrous exploration budgets increased 35% in 2021 to an eight-year high of US$11.Read More