U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade despite weakness in Far East markets. The Shanghai Composite Index plunged 159.57 to 3,063.97 after the government shut down Shenzhen affected by a COVID 19 outbreak.Futures moved higher following release of economic news at 8:30 AM EDT. Consensus for the February Producer Price Index was...Read More
Measured and indicated contained copper at Carmacks was increased by 43% from its last previous resource estimate issued in 2018.Read More
The U.S. and its allies in the EU and others around the world have imposed the harshest economic sanctions on Russia that have ever been used. In the past, even nations directly at war with each other would continue to pay the debts they owed each other.Since this war is in Ukraine, let's look at another war that took place in present Ukraine from 1854-56, during the Crimean War.Britain (and Franc...Read More
Historians of the future, boiling acorns over their campfires, will wonder how, amidst all the global strife of the 2020s, Americans barely noticed that the U.S. government went to war on its own citizens.Was there something in the water - or, more specifically, in the Pepsi-Cola? Or did those "vaccines," which were so popular as an emblem of their obedience to The Science, turn their brains into...Read More
Despite the happy talk from the mainstream media, the U.S. economy is hanging by a thread. The U.S. economy is stalling out.The latest estimate of first-quarter 2022 U.S. GDP growth prepared by the Federal Reserve Bank of Atlanta shows growth of 0.5%. That's dangerously close to recession.Of course, we still have three weeks left in the quarter, and we won't know the actual first-quarter figure un...Read More
Today we are dumbstruck. We are awestruck and thunderstruck...That is because we have witnessed a miracle of God. That is correct. Your editor has witnessed a miracle of God.We now know, despite all contrary evidence, that the living God is with us - even in this godless age.For what we have observed is no dime-store or magician's miracle - but an authentic miracle - true as gold, true as the star...Read More
The Company finds high-grade gold and copper while remaining on track to complete the next development steps for the CK Gold Project and submit Permit to Mine application to Wyoming DEQ mid-year 2022Cites proven and probable reserves of 1 million ounces of gold and 248 million pounds of copper CHEYENNE, Wyo., March 15, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "ou...Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released additional results from last year's drill program at the Monique property, part of the company's district-scale Val d'Or East project in Quebec.These included 71 holes from the 2021 resource expansion and infill drill program, which revealed new gold mineralization along strike and at depth to the east, southeast and south of the former Monique...Read More
The London Metal Exchange (LME) will resume trading nickel contracts at 08:00 London Time on March 16, the exchange announced, and it will set daily price limits in either direction for all base metals. The LME was forced to cancel nickel trading on March 8 following an abnormal 250% price spike triggered by Western sanctions against Russia that pushed the price of the metal above a record US$1...Read More
Power Nickel (TSXV: PNPN; US-OTC: CMETF) has announced drill results from its Nisk nickel sulphate project near James Bay in Quebec, which the company expects to become one of the "greenest ESG mines" in the future. The drill results have "confirmed" the presence of "high-grade nickel mineralization" in the central portion of the Nisk Main zone, the company said. Highlights from the drill re...Read More
Stuhini Exploration (TSXV: STU) has completed a pit-constrained mineral resource estimate for the Ruby Creek molybdenum deposit located 35 kilometres east of Atlin in British Columbia. The resource estimate was undertaken by Mine Development Associates (MDA), a division of RESPEC, and according to its calculations, Ruby Creek contains pit-constrained measured and indicated resources of 432.99 mil...Read More
Operations at Southern Copper's Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company's access to a water reservoir and other key supplies, the country's mining and energy industry body has revealed.The blockade began on February 28, when Southern Copper made the decision to replace a 50-year-old water pipe that supplies nearby communities.According to Raul J...Read More
This week's episode features Access Mining managing partner George McLeod in conversation with Northern Miner Podcast host Adrian Pocobelli on the Russian invasion of Ukraine, the potential boomerang impact of sanctions, and which metals are most likely to be impacted by the conflict.George McLeodGeorge McLeod is a Southeast Asia specialist who has worked in the region for 12 years. He served as P...Read More
For more than a century, Canada has been the global leader in capital formation for the mineral exploration and development industry. However, in the wake of modern demand for niche technology minerals, a general underperformance in mining equities and dwindling investor interest, the mining finance sector needs to innovate to help keep its participants engaged and keep them from considering listi...Read More
The price of gold reached a record high this week.And if you listen to the mainstream financial news, you might think the Russia-Ukraine war has everything to do with gold's record prices.The Wall Street Journal: "Russia-Ukraine Tensions Power Gold to Eight-Month Highs"CNBC: "Gold Rises Amid Russia-Ukraine Crisis"Bloomberg: "Gold Rises Above $2,000 as War in Ukraine Boosts Haven Demand"There's jus...Read More
The Paris-based IEA, a watchdog which represents the interests of leading oil and gas producers including the US, warned today that the prospect of large scale disruptions to Russian oil productionRead More
Has everyone finally come back to Earth?After watching WTI crude top $130.77 per barrel last week on the back of fresh Russian energy sanctions by the U.S., we all became flush with fantasies of $150/bbl oil. Don't beat yourself up if you were swept up in the hype - even I was caught up in that euphoria and entertained fleeting thoughts of What if? as crude prices soared higher. Of course, many...Read More
CNBC, Released on 3/16/22Part 1 (part 2 below)Part 2Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a grad...Read More
CNBC, Released on 3/16/22Bleakley Advisory Group's CIO Peter Boockvar breaks down Wednesday's Fed announcement. Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/. Fed, inflation, peter boockvar, stocksPeter Boockvar: The Fed's 'unrealistic' tightening plan will spark market pain added by Herman James on...Read More
Peak Prosperity, Released on 3/16/22Is it important that we find out whether SAR-CoV-2 originated from a natural source or due to human activity in a lab? Of course it is! The solutions you need to apply to each source are entirely different. Getting this right is important for all sorts of reasons. Not least of those reasons is that millions of lives were lost and billions of lives were upended a...Read More