U.S. equity index futures were higher this morning. S&P 500 futures advanced 2 points in pre-opening trade. Palo Alto Networks $PANW gained $43.85 to $552.00 after the company reported higher than consensus fiscal fourth quarter revenues and earnings. The company also announced a three for one stock split. Stifel raised its target price from $600 to $645. Zoom $ZM dropped $6.64 to $88.74 after...Read More
Markets got hammered today, with the Dow losing 643 points, the S&P losing 90 and the Nasdaq losing 323. What happened?Here's CNBC's explanation:The Dow Jones Industrial Average fell sharply Monday... as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street...Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve...Read More
All week the CDC has been walking back one "guidance" after another. No more compulsory testing, no more contact tracing, no more social distancing, no more treating the unvaxxed differently than the vaxxed (though the "Joe Biden" regime still won't allow unvaxxed travelers into the USA), no more vax mandates (except, apparently, for the U.S. military).The CDC seems to think nobody will notice its...Read More
Mr. George Bee, President and CEO, to provide an update on the Company's advanced gold and copper asset, the CK Gold Project, in Southeast WyomingMr. Travis Deti, Executive Director of the Wyoming Mining Association, discusses the benefits of the CK Gold Project for WyomingCHEYENNE, Wyo., Aug. 23, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company" or "U.S. Gold"), a gold explorat...Read More
To be governed - observed 19th-century philosopher Pierre-Joseph Proudhon - is to be:Watched, inspected, spied upon, directed, law-driven, numbered, regulated, enrolled, indoctrinated, preached at, controlled, checked, estimated, valued, censured, commanded... registered, counted, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, prevented, forbidden, reformed, correc...Read More
But whence will growth originate?Since the Great Financial Crisis the monetary and fiscal authorities have conjured over $43 trillion from the great void of nothingness.Within the past 24 months alone, the Federal Reserve has plucked - from the same vast void - 50% more dollars than all dollars that ever existed in 256 previous years of American history.Each of these dollars are representations of...Read More
Why do they keep trying to redefine the meaning of words?In June 2022, U.S. inflation was 9.1%, the highest in over 40 years. In July 2022, the inflation rate was 8.5%, a decline from the June rate but still one of the highest inflation readings since the early 1980s.Joe Biden might have claimed a little credit for bringing inflation down a little in July. Instead, he jumped the shark and claimed...Read More
The war in Ukraine has dragged on for six months and will likely last for many more months or possibly years if the U.S. doesn't end its policy of "fighting to the last Ukrainian."Attention spans have waned. Americans have adjusted to the energy price shocks (in fact, energy prices have come down a lot in the past month). Complacency about the war has set in.But that's a huge mistake.In reality, t...Read More
The strangest thing happened this week.On Monday evening, Aug. 8, news broke that earlier in the day the FBI had sent a large, armed raiding party to the Florida home of former President Donald Trump. News accounts reported at least 30 agents on site. Photos showed several G-men slinging automatic rifles.Then the next morning, Tuesday, Aug. 9, the price of gold barely moved from a recent trading l...Read More
It looks as if we can add another line to the long list of lockdown harms: sloth.This explains so much actually. For months, we've been watching working/population ratios and labor participation rates and have been stunned by how they both continue to plummet.We search for explanations. Early retirement. Women driven out due to child care shortages. Unemployment payments.All these factors contribu...Read More
"Why do you rob banks?" authorities asked notorious bank thief Willie Sutton.His response was a miracle of clarity, clearer than crystal and sharper than Damascus steel:"Because that’s where the money is."Why does the United States government mine the middle class for tax revenues?For the same reason the criminally enterprising Mr. Sutton robbed banks - because that is where the money is.Mr....Read More
I'm here in Bretton Woods for one reason - to participate in a key discussion about the Fed and the monetary system called "Money and Power."More importantly, today we discussed the catalyst that will spark the next major market downturn. Go here now for a full replay of today's blockbuster event.Long Overdue for a New Monetary SystemLook, I've been studying monetary economics for about 50 years....Read More
Bradford Cooke, the founder, director and executive chairman of Endeavour Silver (NYSE: EXK; TSX: EDR) has passed away suddenly in Vancouver at the age of 67. The cause of death was not released.Cooke is well known as an accomplished geologist and with nearly five decades of experience in the metals and mining industry.In a press release, Endeavour CEO Dan Dickson paid tribute to the entrepreneur...Read More
This week's episode features Northern Miner editor-in-chief Alisha Hiyate, who describes her experience at this year's Canadian Mining Hall of Fame, and shares her thoughts on the industry and the return of real-world events. She also discusses The Northern Miner's new TNM Drill Down feature, as well as upcoming events in the mining calendar.All this and more with host Adrian Pocobelli.Music Credi...Read More
Canada's federal government has signed new agreements with German automakers Volkswagen and Mercedes-Benz, setting the stage for exploring deeper cooperation across all stages of the automotive value chain.Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz observed a signing ceremony in Toronto at an event hosted by the Canadian-German Chamber of Industry and Commerce on Tues...Read More
There is a growing interest among mining companies in pre-concentration methods and sorting technologies to improve profitability of their projects. Pre-concentration can be used to increase the grade of material delivered to processing plants by diverting or removing low-grade fractions that are uneconomic to process. Increasing feed grades may also improve the recovery of target minerals, reduc...Read More
Medaro Mining (CSE: MEDA; OTC: MEDAF) has received lithium oxide (Li2O) results as high as 2.58% from cut surface samples at its exploration program on the Lac La Motte lithium property in Val-d'Or, Que. The fieldwork was completed during May-June 2022, and it included prospecting, mapping and sampling of known lithium showings on the property.The prospecting and sampling were mainly focused al...Read More
High Tide Resources (CSE: HTRC) has released assay results from two additional drill holes of the 2022 spring/summer drilling program at its flagship Labrador West iron project in Newfoundland. The project is located 20 km northeast and adjacent to IOC/Rio Tinto (NYSE: RIO)'s Carol Lake mine complex in Labrador City.The two drill holes - 22LB0061 and 22LB0062 - were drilled to a depth of 252 metre...Read More
A projected shortage of sulphuric acid could stifle green technology advancement and threaten global food security, according to a paper recently published in The Geographical Journal.Sulphuric acid is required for the production of phosphorus fertilizers and for extracting battery metals such as nickel and cobalt from ores.The British study, published on Aug. 21 points out that global demand for...Read More
A metaphorical winter approaches for base metals equities, says Haywood Capital Markets in a new report published on Sunday.Analyst Pierre Vaillancourt expects the constellation of base metals companies under coverage's second quarter results to fall below expectations when they start reporting results from month-end."Overall, we look for most base metals producers to reflect weakening metals pric...Read More