U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points in pre-opening trade.Today is the last trade date for November index and stock options and futures. Volume is expected to be higher than average. Gap Stores $GPS advanced $1.20 to $13.91 after reporting higher than consensus fiscal third quarter revenues. Palo Alto Networks $PANW jumped $8.88 to $165.44 after...Read More
I've been warning about a central bank digital currency (CBDC) for a long time - or as I like to call it, "Biden Bucks."That's because Biden fast-tracked its development. He's been responsible for implementing CBDCs at a very quick tempo in the U.S.They could actually end up as his most enduring legacy, believe it or not."Respectable" economists and financial commentators derided me as a conspirac...Read More
What is this disreputable little newsletter but a chronicle of human nature?More specifically, it is a chronicle of fallen human nature - of man's long and agonized descent from the paradise of Eden.It is a chronicle of man's skyvaulting ambition. Of his fathomless greed. Of his ceaseless dragooning and clubbing of fellow men.In brief... The Daily Reckoning is a chronicle of man's abominable prope...Read More
A nation can survive its fools, it has been said - but not its traitors. Yet we begin to suspect the opposite is true. That is, a nation can survive its traitors - but not its fools. That is because a nation's fools nearly infinitely outnumber a nation's traitors.Please answer this question: How many traitors roam within your range of acquaintances? Now please answer this question: How many fools...Read More
105 years ago today at the 11th month, 11th day and 11th hour the guns went quiet on the Western Front...And the white doves of peace took wing.Today we turn from the hurly-burly of the present. We turn from the world of manna, from the election, from the Bitcoin exchanges and the rest.Instead we reflect upon that morning of Nov. 11, 1918, so many years distant a neglected chapter of history...Read More
Today we rinse politics from our hair - the Lord be thanked - and retrain our focus on markets.The stock market was up and away today. The Dow Jones jumped a jaunty and jubilating 1,201 points.The S&P 500 and Nasdaq Composite enjoyed parallel joyrides, the former up 207 points today, the latter up 760.All is joy. Yet why?Inflation has evidently lost a bit of its roar...October Inflation Modera...Read More
Will we see a return to sensible energy policies? Many investors hope that even a partial Republican victory on Election Day 2022 means that the U.S. can return to sensible energy policies.This would mean finishing the Keystone XL pipeline, expanding fracking, issuing new oil and natural gas exploration leases on federal lands, refilling the Strategic Petroleum Reserve and building new refinery ca...Read More
It's the day after. What comes next? Now that the elections are over, the political landscape should be a lot clearer.If only that were true.With some Republican victories in the House of Representatives, the U.S. Senate and governor's races across the country, the U.S. has made just a slight pivot away from progressives and wokeness and toward more traditional approaches to economics, crime and e...Read More
A union representing workers at Mosaic's (NYSE: MOS) potash mine in Esterhazy, Sask. says it has filed for provincial mediation after negotiations for higher wages broke down.Some 750 workers at the site about 230 km east of Regina have been without a contract since Feb. 1, Dan Bailey, union representative with Unifor Local 892, said by phone from Regina."Cost of living is a concern," Bailey said....Read More
The U.S. Southwest is among the top mining regions in North America, with mine?EUR?operations dating back to the 19th century. Here's a glimpse of eight companies exploring for precious metals, base metals and lithium in the states of Nevada, Arizona, California and New Mexico. APOLLO SILVER Vancouver-based Apollo Silver (TSXV: APGO, US-OTC: APGOF) is working to upgrade and expand an initial in...Read More
Wallbridge Mining (TSX: WM, US-OTC: WLBMF) has completed the sale of all its nickel assets - namely the Grasset and RUM projects in Quebec and Sudbury and NW projects in Ontario - to Vancouver's Archer Exploration (CSE: RCHR).As consideration, Wallbridge has received 66.2 million common shares of Archer with a total deemed value of approximately $53.6 million. It will also retain a 2% net smelter...Read More
One-hundred years ago a five-year search culminated in arguably the world's greatest ever exploration success. No, not a mineral deposit (although lots of gold was found), rather the almost intact tomb of an Egyptian pharaoh.The ancient burial site in the Valley of the Kings outside Luxor (formerly Thebes) had been widely assumed to be fully explored, and it was only the persistence of a 48-year-o...Read More
Africa-focused Gemfields (LSE: GEM; JSE: GML) racked up US$30.8 million in revenue from its latest emerald action, which included a massive cluster of emeralds weighing 187,775 carats (37,555 grams).The Kafubu Cluster, discovered at its Kagem mine in Zambia in March 2020, set a new record as the most expensive single emerald item ever sold by Gemfields, it said without providing specifics."Our en...Read More
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to unpack the macro and technical factors that may be the bell ringing that the bottom is in...Read full newsRead More
Market Ticker, Released on 11/17/22Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Karl Denninger on Trump's announcement and the insanity of many added by Herman James on 11/17/2022View all posts by Herman James ?+'Read More
Doug Casey's Take, Released on 11/18/22If you're an action oriented individual looking to thrive in the coming chaos, you might be a perfect fit for our new premium service: Doug Casey's Phyle. https://phyle.coDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman...Read More
Liberty and Finance, Released on 11/18/22"It's not just silver," says Craig Hemke of TF Metals Report, "industrial and base metals are all at their combined lowest levels in over a decade." The Silver Institute is projecting a continued silver deficit in 2023. Hemke discusses the extremely high premiums on retail products, especially American Eagle coins. He offers his projection for metals next y...Read More
Palisades Gold Radio, Released on 11/18/220:00 - Introduction0:38 - Fed & Press Releases2:28 - Powell Nickname5:13 - Carvana & Auto Sales7:59 - Housing & CPI Metrics13:22 - Wage Price Spiral19:07 - CPI & PPI Numbers23:05 - Fed Politics & Recessions27:40 - Powell & Credit Markets33:20 - Fed Data & Actions35:33 - U.S. & U.K. Pension Systems38:12 - Crypto & Regulators40:05 - CBDCs & Governments44:55...Read More
Sprott Money, Released on 11/18/22David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
Wall Street Silver, Released on 11/18/22Mark Yaxley, Co-founder of Strategic Wealth Preservation (SWP), joins us today, and for the first time in our show, we take a peek at what's inside the SWP vault. He also explains why Precious metals premiums are going to remain high. Furthermore, we talk about how FTX quickly went into crisis after the price of its own cryptocurrency fell apart and what thi...Read More