U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade.Index futures were virtually unchanged following release of next estimate for second quarter real GDP at 8:30 AM EDT. Consensus was a reduction of 0.7% versus the first estimate of a reduction of 0.9%. Actual was a reduction of 0.6%.Nvidia (NVDA) dropped $4.72 to $167.50 after lowering th...Read More
Clean Air Metals (TSXV: AIR; OTC: CLRMF) has released new assay results from the 2022 drill campaign at both the Escape and Current PGE (platinum group elements)-copper-nickel deposits, part of the company's Thunder Bay North project located in Ontario. The company is advancing the project toward a resource update later this year and a prefeasibility study in mid-2023.Three drill holes from the 20...Read More
A recent report suggests copper might have something in common with Eric Ravilious, whose paintings became increasingly associated with conflict. A strategic study by IHS Markit (now a part of S&P Global) suggests that scarcity of the red metal "may emerge as a key destabilising threat to international security."Ravilious died 80 years ago, on Sept. 2, 1942 (becoming the first British war artist t...Read More
Saudi Arabia has narrowed the field to three finalists for a massive mining exploration licence about 175 km west of Riyadh that it says contains about 25 million tonnes of zinc and copper at grades of 4.11% zinc and 0.56% copper. The kingdom received six proposals for the 350-km Khnaiguiyah licence and has selected three for its short list: a consortium between Saudi Arabian Mining Company (Ma'a...Read More
Three years after kicking off its environmental assessment work, Marathon Gold (TSX: MOZ) has received environmental assessment approvals from both the federal and provincial governments for its Valentine gold project in central Newfoundland. Minister of Environment and Climate Change Canada Steven Guilbeault's positive decision announced on Aug. 24 follows the provincial government's approval on...Read More
Hudbay Minerals (TSX, NYSE: HBM) has reached an exploration agreement with the Uchucarcco community in Peru for the surface rights to the Maria Reyna and Caballito satellite properties near its Constancia mine, located about 600km southeast of Lima. These satellite properties consist of a large, contiguous block of mineral rights held by Hudbay, with the potential to host mineral deposits close to...Read More
Filo Mining's (TSX: FILO) ongoing drilling program at its Filo del Sol copper project in Argentina has extended the strike length of the emerging Aurora zone to 1.6 kilometres.The Vancouver-based company, part of the Lundin Group, has released the results from two more holes which extend the zone by 180 metres.Hole FSDH061 intersected 701.2 metres of 1.13% copper equivalent (0.81% copper, 0.33 gra...Read More
QC Copper and Gold (TSXV: QCCU; OTC: QCCUF) has reported new assay results from its current drill program on the Opemiska property, where the company has been aiming to upgrade the copper-gold resource by converting waste into in-pit mineralization.The latest results included three drill holes that all intersected wide zones of in-pit mineralization. OPM-22-209 returned 0.38% copper and 0.38 grams...Read More
Maritime Resources (TSXV: MAE) has released the feasibility study results for its 100% owned Hammerdown gold project located in the Baie Verte mining district of Newfoundland and Labrador. The study supports a technically straightforward, brownfields open pit mine and gold processing operation benefiting from low capital investment and rapid payback.Over an estimated five-year life, the Hammerdown...Read More
AIM-listed Chaarat Gold has reported strong metallurgical test results at KyzyltashRead full newsRead More
Dear Outsider,Here we go again...We're smack-dab in the middle of meme-stock mania.Buckle up, because things are getting wild on Wall Street.R/Wallstreetbets is back in full swing - that's the Reddit page where investors attempt to manipulate stock prices.And it's worked well.That's because many of the stocks chosen by r/Wallstreetbets are heavily shorted.And once the price rises, the shorts have...Read More
There's an ocean of oil profits out there.Now, I understand the media narrative is that all of these oil profits are being funneled straight into the pockets of Big Oil. I get it. It's an easy narrative to piggy-back onto, isn't it?After all, Exxon alone posted a quarterly profit recently of $17.9 billion! To put a little more perspective on that number, that's a higher quarterly profit than any...Read More
Kitco News, Released on 8/26/22Stocks and gold tumbled Friday morning as Fed Chair Jerome Powell made hawkish signals during his speech at the annual Jackson Hole Symposium. Todd 'Bubba' Horwitz, editor of BubbaTrading.com, discusses his outlook on the markets and gold with David Lin, Anchor for Kitco News.0:00 - Jerome Powell's speech7:27 - Raising interest rates during a recession12:27 - Gold15:...Read More
Wealthion, Released on 8/26/22For Part 1 of this interview, CLICK HEREHere, Kyle warns of a coming era of stagflation & encourages investors to own assets that defend their purchasing power. He likes cash in the short term. And once the market corrects further, he likes US companies, hard assets & MNC's that avoid China.?>>?Kyle Bass is an American hedge fund manager. He is the founder and princip...Read More
Harry S. Dent Jr., Released on 8/26/22Harry Dent comments on the latest information from Fed Chairman Jerome Powell after he spoke this morning at the Annual Economic Policy Conference. What does this mean for investors positioning to ride the "Crash of a Lifetime" wave downward and what is the bottom target? This and more in today's Rant. Harry Dent is a Fortune 100 consultant, new venture invest...Read More
X22 Report, Released on 8/26/22*The interview begins at 1:26Bob begins the conversation talking about the green new deal on how it cannot move forward. This deal failed before it even got started. Economic protests are headed our way because winter is coming and when the people have no energy the people will hit the precipice. The central banking system is now being exposed.Bob's website: tradege...Read More
Kinesis Money, Released on 8/26/22In this week's Live from the Vault, Andrew Maguire highlights the possible implications of Russia's plan to create its own international standard for the precious metals market by establishing a local LBMA-competing brand. With global investors growing frustrated over the unnatural capping of the gold and silver prices, the London wholesaler provides further evide...Read More
Palisades Gold Radio, Released on 8/26/220:00 - Introduction0:47 - Metals Sentiment5:04 - Reversing Policy9:15 - Rates, Risks, & Gold13:08 - Gold Demand Increase?15:12 - World Splitting in Two25:08 - Geopolitical Alignments28:35 - Problems in China32:32 - Europe, Winter is Coming38:28 - Political Intentions40:10 - Euro Parity Breakdown44:16 - Basel III Purpose47:27 - Derivative Risks53:10 - Commod...Read More
SF Live, Released on 8/26/22On this episode of SF Live, we are speaking with Lobo Tiggre, The Independent Speculator. Lobo discusses how inflation will wipe out 40% of your wealth. What happens to commodities in a recession and what is he buying right now? Lobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey's prot?(C)g?(C) at Casey Research for almost 14 years, until early 2...Read More
Financial Survival Network, Released on 8/26/22Summary: Rates are going up for the foreseeable future. What does this mean for unemployment, the forthcoming recession, and our economic well being? Jim Welsh has conducted thorough research on rate increases and unemployment, and comes on the show to share his finds. Using data trends that span back to the 1950s, Jim projects what the near future wi...Read More