The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More

The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

First, welcome to new subscribers who signed up for a Paradigm Press subscription over the holiday season. Thank you for being part of what we do, and absolutely we do it for you.Today we'll look at recent, eye-popping moves in precious metals. Then we'll segue into how President Trump is shaking up the entire structure of both the internal U.S. and external global order (aka the "old" order)... w...Read More

John Rich is a country music superstar.He's known as a deeply Christian man and a big supporter of President Trump.And guess what? John's a fellow silver bug, big time.I recently came across a very interesting post by John on X (Twitter).It was a long, detailed post about the silver short squeeze theory. And John has 1.4 million followers on X, so he gets some serious eyeballs on this stuff.Here's...Read More

There are many different skills that any person – especially a businessperson – must develop. Presentation, writing, and networking skills, among others, are crucial to developing both the self and the business.Imagine your prospective customer discussing a potential business deal with you.You're able to navigate the conversation effortlessly, without any theatrics. The dialogue feels...Read More

Last summer my 16-year old worked at the pool we belong to.Here in Ellicott City, Maryland, the minimum wage is $15/hr. Not bad for a teenager these days.Over 3 months he earned about $2,800 after taxes.He wanted to invest the money. So we started a custodial Roth IRA. The most he can contribute is the total he earned, and we agreed to match 50%.I explained the benefits to him, and he was sold. A...Read More

The last year has been a precious metals story.We've covered that story to the point that even I'm getting sick of writing about it.Thankfully, things are heating up in industrial metals. And there are some attractive opportunities in cheap mining stocks.With the industrial metals we're talking about iron, aluminum, nickel, copper, zinc, etc. Hard assets.These are the "boring" metals, but right no...Read More

Welcome to 2026 and a new year with Paradigm Press. We all hope that you had a good holiday season, and perhaps took some time off to relax, recharge and regroup. Many thanks for subscribing. And now, let's get back to work and make some money, right?Over the past couple of weeks, I pondered what to discuss in my kickoff article for the year. I thought I'd write about President Trump and his new f...Read More

Precious metal miners have done very well over the past year.But today I'm going to show why silver miners in particular have much further to run based on current metal prices (hint: it involves a 10x increase in profits).In 2025, gold rose about 70%. Silver jumped an impressive 130%.People unfamiliar with mining may think the industry's profits jumped in line with these price increases.But that's...Read More

The geopolitical chessboard, after two decades of relative calm, is heating up again.Major powers are maneuvering their pieces, looking to secure their own interests and spheres of influence.China is eyeing Taiwan and expanding its reach worldwide. Russia is on the verge of winning in Ukraine, and taking a big chunk of territory. Putin also appears to have aims of bringing neighboring allies into...Read More

This past month was dominated by domestic and international political issues with volatile headwinds impacting markets. Let's survey the landscape to see what these key stories are. Some of them are well-known but have hidden twists. Others are not well-known at all but will have equal or greater weight as time goes on.The Political Affordability WarThe largest single political issue continues to...Read More

Look at that. We log off for a few days, and absolute chaos breaks out in silver.On Sunday December 28th, silver briefly traded over $83/oz here in the U.S. It's currently trading at $72.67. That's up sharply from $29 at the beginning of 2025.What a crazy few weeks to end the year for precious metal bugs.Today we're going to look at what happened with silver, and explain why the bullish case is st...Read More

Long before Powell "paused," Lagarde fibbed, or Yellen got lost mid-sentence, one man quietly built an economy of trust with fire, gold, and grit.His name was Saint Eligius. You probably haven't heard of him unless you’re a medieval goldsmith or a devout Catholic with a taste for obscure hagiographies. But I'd argue he did more for monetary integrity than any central banker alive today.Eli...Read More

It may seem odd to hate a stock index. After all, it's just a model of company shares used by fund managers to build ETFs and mutual funds.But once you learn the truth about the Russell 2000 small cap index, you just might hate it like I do.Today we're going to explore why the Russell 2000 makes a bad foundation for any investment vehicle.Misleading Stats (at Best)Historically, small cap stocks te...Read More

Greetings, Morning Reckoneers! I hope you had a good Christmas last week. And of course, this week brings 2025 to a close and kicks off the next year of the calendar. Make Calendars Great Again, right?As the week unfolds, you'll notice that your inbox is light on content from Paradigm Press. Some articles are reruns and "best of" items because just about everybody is taking a few days to go easy,...Read More

In 1975, an engineer at Kodak invented the world's first digital camera.The prototype took 23 seconds to capture a black and white picture. The image was stored on a cassette tape and could be displayed on a television.The technology was primitive, but clearly had potential. Still, digital cameras would threaten Kodak's lucrative film photography business. So Kodak executives ditched the project.A...Read More

In 1970, silver traded at around $1.60 per ounce. By its peak in 1980, it reached $49.45. An incredible 30x return.The story of how it got there is full of intrigue and conspiracy. We'll get to that. But first, a little background is in order.Monetary demand for silver had collapsed after the U.S. and other countries stopped using it in coins in 1965. Before that, America's dimes and quarters were...Read More

Prediction markets are the next big thing.Online marketplaces where you can bet on almost anything.For example, will the U.S. seize another Venezuelan oil tanker by December 31st? Right now Polymarket speculators assign a 29% chance to this outcome.Source: PolymarketHere's how it works. If you think that the U.S. will seize another Venezuelan ship by the end of year, you buy a "yes" contract at ar...Read More

Ford Motor Company (NYSE: F), the 121-year-old car maker, announced a $19.5 billion write off of its electric vehicle (EV) segment. That's an enormous amount of cash to send to money heaven.This was bad news for the U.S. EV market. Ford targeted electric trucks, to capitalize on its super popular F-150 model. However, the government killed the EV tax break. That curbed interest of U.S. car buyers...Read More

Dear Santa... Forgive my lateness in writing.I know that Christmas Eve is tomorrow, and by now you've probably packed the sleigh, filed your flight plan with the FAA, and coordinated airspace deconfliction with NORAD.F-15s - in full afterburner! - escort Santa Claus. Courtesy the-ugliest-person-in-the-world-pic.blogspot.com/2023/01/santa-claus-aircraft.htmlThat's why I'm sending you this email, ve...Read More

Fudai is a quiet fishing town in coastal Japan.When the devastating 2011 tsunami hit, Fudai was the only village in the area left intact.It wasn't luck. This miracle was due to preparation.In the 1970s Fudai's mayor, Kotoku Wamura, proposed a floodgate to stop tsunamis. Many called him crazy. They said it was a waste of money.But Mayor Wamura remembered the devastating waves of 1933, which killed...Read More

Quick – what's the best performing stock of all time?Microsoft? Apple? NVIDIA? Ford? IBM?Nope, not even close.The answer might surprise you.It's Philip Morris, the maker of Marlboro cigarettes and other tobacco products.A $1 investment in Philip Morris in 1925 would be worth around $2.5 million today (with dividends reinvested).Every $1 invested in Philip Morris in 1980 would be worth $35,00...Read More