The Federal Reserve believes it hangs from the hooks of a horrendous dilemma.To cage the inflationary tiger presently amok, it would likely plunge the economy into severe recession...Yet if it navigates a wallowing economy away from recession, inflation will run and run and run.But is it a false choice? Must the Federal Reserve bludgeon the economy to cripple inflation?Consider: It believes it mus...Read More
You may liken today's economy to an overswollen tick, obese with blood.Rather than blood, the economy is obese with debt.Like our ludicrously engorged arachnid, the economy cannot much expand. It is impossibly loaded down... groaning under the burden... horribly swaybacked.The economy will continue to wallow - unless it can shake off the weight. But how can it?Today we blow the dust off an ancient...Read More
It is (un)official - the United States economy has descended into recession.Government data, this morning released, revealed that second-quarter GDP contracted at a 0.9% annualized pace.This, after first-quarter GDP contracted at a 1.6% annualized pace.A recession is generally defined as two consecutive quarters of economic contraction. And so there you are.Experts being experts, most polled econo...Read More
Consensus opinion projected the Federal Reserve would elevate its target rate 75 basis points today.The monetary authority greeted expectations, precisely - 75 basis points it was, announced at 2 p.m. Eastern.Thus the federal funds rate presently ranges between 2.25-2.50%.This rate of course falls miles and miles beneath the 9.1% (official) consumer price inflation currently going.Assume today's b...Read More
All the talk right now is about recession. Are we in one right now? (We'll have the technical answer on Thursday.)The spinmeisters in the Biden administration and the media are of course trying to redefine a recession in an attempt to get ahead of the news cycle.But today, I want to take the longer view and see the bigger picture. What is it? Here it is:The economy remains stuck in the New Great D...Read More
On Wednesday the Fed will be announcing another rate hike. The only question is how big will it be?The market consensus forecasts a 75-basis-point increase, which I happen to agree with.Regardless, the Fed is tightening into weakness. For the economy and the stock market, that means a bumpy ride is ahead - and maybe a very bumpy ride.First of all, it's highly likely that the U.S. economy is in a r...Read More
What's wrong with the world? Let me count the ways...The Western gambit against Ukraine is a bust, a foolish miscalculation that was obvious from the start. All it accomplished was to reveal the pitiful dependence of our European allies on Russian oil and gas, leaving their economies good and truly scuppered without them.The Russians will likely end up with control of the Black Sea and probably th...Read More
A study earlier this year from four prestigious institutions proclaimed that you should eat bugs and spiders.And not only that. The study - conducted by BI Norwegian Business School (BI), Chuo University, Miyagi University and Oxford University - also said that the way to convince people to do this is to have celebrities do it on YouTube videos.Like clockwork, they are suddenly everywhere. You are...Read More
Despite Coeur Mining (TSX: CDE) reporting June-quarter production and costs mainly in line with Bay Street estimates, at least one analyst has downgraded the issuer while flagging concern over perceived balance sheet risk over the coming 12 months.Canaccord Genuity Capital Markets analyst Dalton Baretto has downgraded the issuer to 'HOLD' from 'BUY' and is modestly reducing his target price to US$...Read More
B2Gold (TSX: BTO; NYSE-AM: BTG) and AngloGold Ashanti (NYSE: AU; JSE: ANG;) have put their Gramalote gold joint venture in Colombia on hold. In a news release on Aug. 3, B2Gold said that based on preliminary results from their optimized feasibility study for Gramalote, the miners determined that Gramalote doesn't meet their investment thresholds for developing the project. "In conjunction w...Read More
Canadian miners are mourning the passing of industry heavyweight Ned Goodman (1936-2022).Over more than 30 years, Goodman has made transformative and enduring contributions to Canada's minerals industry and capital markets as a company-builder, merchant banker and investment advisor during a dynamic career spanning almost half a century.Montreal-born Goodman applied his geological training and bus...Read More
Imperial Metals (TSX: III) will secure additional funds for the restart of its Mount Polley mine by way of a convertible debenture financing totalling $45 million. The mine, which had been on care and maintenance since 2019, is in the midst of the restart and operating at targeted production rates. The company had previously aimed to reopen the mine operation by the end of June.However, the mine r...Read More
TNM Drill Down, released every Monday, focuses on the top gold assays of the past week. Assays are?EUR?ranked by gold grade x width, as identified by our sister company?EUR?Mining Intelligence?EUR?. Top gold assays July 29 to Aug 4, as identified by Mining Intelligence.Australia's Musgrave Minerals (ASX: MGV) had the top drill hole of the week July 29-Aug. 4 at its flagship Cue project in Wester...Read More
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines' (TSX: DML) competing bid for Canada's UEX Corp. (TSX: UEX) after sweetening its original bid.The revised offer gives each holder of UEX shares 0.0890 of one common share of Uranium Energy for each UEX share held. This implies a consideration of about 49 ? per UEX share, versus the prior offer of 43 ? per share, a 14% price i...Read More
Australian copper producer OZ Minerals (ASX: OZL) rejected on Monday an unsolicited A$8.4 billion (US$5.8 billion) takeover bid from the world's largest miner BHP (NYSE: BHP; LSE: BHP; ASX:BHP), stating that it "significantly undervalued" the firm.Earlier on Monday, BHP had offered A$25 per share for Oz Minerals, representing a 32.1% premium to the stock's closing price on Friday.The approach is p...Read More
Silvercorp Metals (TSX: SVM; NYSE: SVM) is expanding its mining operations to meet the growing demand for silver used in the solar panels and wind technologies that are powering the transition to a green energy future.The Canadian miner has "significant exposure to silver, which is an essential ingredient for the global push towards decarbonization, and, like gold, is viewed as a safe-harbour inv...Read More
Over the past few decades, one of the most popular physical silver assets among amateur investors has been so-called "junk silver coins."Junk silver coins are government-minted currency coins that have little to no collectible value, but instead are valued for the silver they contain.Prior to the mid-1960s, governments including the United States and United Kingdom used an alloy mixture that conta...Read More
We spoke with Marc Henderson, who is President, CEO and Director of Laramide Resources Ltd. (TSX: LAM, ASX: LAM), a Canadian-based Company, with diversified uranium assets, strategically positioned, in the United States and Australia, to deliver uranium, to an increasingly energy dependent world. Laramide's portfolio, of advanced uranium projects, has been chosen for their production potential. It...Read More
Peter Zeihan, widely considered an expert in geopolitics and demographics, recently wrote a bestselling book called The End of the World Is Just the Beginning. In this book, he weaves these two forces into a tale of aging, deglobalization, and hardship.Post-Cold WarThe past 77 years since the end of World War II has been a golden era created by the United States. The country built a grand coalitio...Read More
ITM Trading, Released on 8/9/22I am so excited to have this very special guest on today. I have been following Chris Martenson's career in his website since 2006 and I have learned so much from this man. He is brilliant and his incredible video series, The Crash Course, that shows the interconnected forces between the economy, the energy and the environment, what he calls the three E's.Chapters:0:...Read More