Leading shareholder AI-listed Anglo Asian Mining will invest to retain its 19.Read More
Equity Index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US 77.76 cents following release of Canada's May Retail Sales report at 8:30 AM EDT. Consensus was an increase of 1.6% versus a revised gain of 0.7% in April. Actual was an increase of 2.2%. Excluding auto sales, consensus was an increase of 1.8%...Read More
It is proven beyond all doubt, it is a fact beyond all dispute: A climate emergency is upon us.Earth is down with a mighty fever. Even the polar ice has vanished.Reports The Washington Post:The Arctic seems to be warming up. Reports all point to a radical change in climatic conditions, and hitherto unheard-of high temperatures in that part of the Earth's surface... The eastern Arctic has steadily...Read More
I began studying complexity theory as a consequence of my involvement with Long Term Capital Management, LTCM, the hedge fund that collapsed in 1998 after derivatives trading strategies went catastrophically wrong.After the collapse and subsequent rescue, I chatted with one of the LTCM partners who ran the firm about what went wrong. I was familiar with markets and trading strategies, but I was no...Read More
The war in Ukraine will have huge ramifications for the international system in the coming years. Many will prove negative for the U.S. as sanctions backfire and the world moves more rapidly toward dollar alternatives.Unfortunately, the war in Ukraine was totally avoidable. Had the U.S. pursued closer ties with Russia years ago, rather than antagonizing it and driving it into a deeper alliance wit...Read More
Right now, it's basically a case of the Fed versus the economy. You might say, "Wait a second. Isn't the Fed supposed to help the economy?"Well, not exactly. They may want to help the economy, but helping the economy actually isn’t job one. Job one is helping the banks. The Fed was essentially created to prop up the banking system and prevent bank runs.Everything else it tries to accomplish,...Read More
The most salient question of our time is: Who destroyed the world?We know the "what" of that question already. It was the lockdowns, the spending, the monetary insanity, the mandates and the overwhelming and ghastly explosion in the forces of command and control imposed all over the world.This broke everything. It is nowhere near being put back together again. In fact, it is getting worse.The main...Read More
The war in Ukraine is in its sixth month, and there's no end in sight. Here's what we know...Almost everything you heard about the war in Ukraine from U.S. media over the course of March, April and May was a lie.You heard that Putin was losing the war. You heard that Russians had poor training and low morale and were deserting in droves. You heard that Ukrainians were destroying Russian armor in l...Read More
Ford Motor Company (NYSE: F) announced plans to accelerate its EV production that are underpinned by several high-profile agreements with lithium and nickel miners to supply raw materials for the vehicles' batteries. The U.S-based automaker said in a news release that it has secured "100% of the battery supplies" it needs to produce 600,000 EVs per year by the end of 2023, and with the help of...Read More
Workers at Glencore's Raglan nickel mine in Nunavik rejected the company's latest offer this week, as a labour dispute that has halted most of the mine's operations enters its third month. Glencore said in a release that its latest proposal offered most of the unionized employees a compensation of about $130,000 to $190,000 annually, twice the average pay of workers in Quebec. But union work...Read More
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has released new infill and exploration drilling results that further demonstrate the size and quality of the mineralization at its La Colorada Skarn project. This large polymetallic deposit was first discovered in 2018 through brownfield exploration near the company's La Colorada mine in Zacatecas, Mexico.The new results comprise 22 holes totalling 18...Read More
Anglo American (LSE: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company's US$40-million operational continuity project for its El Soldado copper mine, 125 km north of the capital Santiago.Despite having the backing of the country's environmental evaluation authority, which recommended the project's approval, the local regulator sc...Read More
Rare earths junior Pensana (LSE: PRE) has broken ground at its Saltend rare earth processing hub in northern England, set to be the country's first major facility of its kind in more than a decade.The project is part of the launch of the country's first critical minerals strategy, unveiled today, to weaken China's dominance on the group of 17 minerals used in electric vehicles, wind turbines, an...Read More
I have been working with a great group of young professionals lately that have generated some interesting conversations. Some of them voiced fears and dismay at what the world is coming to. I understand, we are on one heck of a roller coaster ride right now. As I was thinking back over my four decades in the mining industry as a geologist and cost estimator, I realized that we have been here b...Read More
Market Ticker, Released on 7/21/22Karl 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. economy, energy, Karl Denninger, marketsKarl Denninger: Economy, energy, markets and personal health added by Herman James on 07/22/2022View all posts by Herman Ja...Read More
THE EARLY STAGE INVESTOR, Released on 7/22/22Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Andy Schectman: A Slow Moving Train Crash! added by Herman James on 07/22/2022View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 7/22/22Are gold and silver on there way back up or is there further downside ahead? Join Gary Wagner, founder of The Gold Forecast here at 9pm Eastern!Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of "The...Read More
ITM Trading, Released on 7/22/22The Fed is trying to get the public confidence back by raising interest rates. And we're told that raising interest rates is going to stop the inflation that they caused [because of all of the money printing that has been happening since 2008]. We are going to take a look at Mexico's record-breaking inflation that has come in at the highest level since June of 2001....Read More
Gregory Weldon, Released on 7/23/22Greg Weldon's LIVE focus on US Housing ... "The Horror" ... as the Mortgage market's crash extends, and begins to backfire into Sales, and Starts !!!! ... AND, a SPECIAL BONUS, my data dissection of the Philly Fed Survey, which revealed clear-cut signs of a SIGNIFICANT LOOSENING in US Supply Chains and SHORTENING (vendor) Delivery Times !!!Gregory Weldon is CEO o...Read More
Wall Street Silver, Released on 7/22/22Peter Boockvar explains why he believes the Fed Pause will be crucial for precious metals. Furthermore, we discuss the latest Gold and Silver price rally, the euro crisis, the Philly manufacturing index, and more.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/. Fe...Read More