Arcadia Economics, Released on 3/23/23At this point, the market has digested the news that Silicon Valley Bank experienced a bank run and ultimately failed. Yet what remains much less clear is what specifically caused this to happen. So in today's show, Dave Kranzler of Investment Research Dynamics explains what happened with the assets on SVB's balance sheet, and why they became so problematic at...Read More
Summit News, Released on 3/23/23USA Today has picked a trans-identified male as it's 'woman of the year' for a second time running, and this time it's someone who advocates for child sex changes.Continue... USA Today Again Picks Biological Man As 'Woman Of The Year' added by Herman James on 03/23/2023View all posts by Herman James ?+'Read More
Chris Martenson - Twitter, Released on 3/23/23This is wrong. It is immoral. It is not 'just' a war crime, but a crime against humanity. DU munition use should immediately result in the using country being shunned and banned for 50 years from the international community. #IDoNotConsent https://t.co/lGynnaMsFM- Chris "Early Treatment" Martenson, PhD (@chrismartenson) March 23, 2023 Christoph...Read More
Jim Rickards - Twitter, Released on 3/23/23Central Bank of Russia reported a gain of 30 metric tonnes in its gold reserves. That's after a year of flatlining more likely due to non-reporting than non-acquisition. Nice to see Russia back in the game. Another win for Elvira, and another sanctions failure for Uncle Joe. pic.twitter.com/vPHfwvhihJ- Jim Rickards (@JamesGRickards) March 23, 2023 Jim...Read More
Tucker Carlson - Twitter, Released on 3/23/23The Biden administration is trying to bailout Moderna with your taxpayer dollars. pic.twitter.com/m576pj9LWl- Tucker Carlson (@TuckerCarlson) March 23, 2023 The Biden administration is trying to bailout Moderna with your taxpayer dollars added by Herman James on 03/23/2023View all posts by Herman James ?+'Read More
Tavi Costa - Twitter, Released on 3/23/23Source: https://twitter.com/TaviCosta/status/1638968462881230848Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as...Read More
With construction starting in 2024, the company expects the facility to produce about 50,000tpa of battery-grade lithium hydroxide from multiple sources, with the potential to expand up to 100,000tpa.Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.The plant will aim to demonstrate a pathway to lower carbon dioxide (CO2) intensity in st...Read More
The issue saw Advanced Metallurgical Group (AMG) subscriving for 124 million newly issued shares of Zinnwald Lithium at a 10% premium to share prices in the run up to the deal.Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Moving downstream has become a prominent theme among miners eyeing a historically unusual...Read More
(IDEX Online) - HRD Antwerp says it has launched a legal action in the Belgian courts against its former partners in Turkey, alleging they damaged its business reputation.It jointly launched the HRD Istanbul branch with Enstitu Istanbul Bilim Akademisi Yonetim Dan?,, ??...?,manl?,, ?g?,, ? A.S. in 2014 until it terminated the arrangement in October 2021.Ellen Joncheere, CEO of HRD Antwerp, (pictur...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", reported a slight drop in sales for Q4 2022, down 1.9 per cent to $119.6m.The total number of orders placed by consumers fell by 13.7 per cent, but the average value of those orders rose, also by 13.7 per cent, the company said in its Fourth Quarter and Fiscal Year 2022 Results.Gross profit for the quarter was $65.4m (a 54.7 per cent...Read More
(IDEX Online) - Gem Diamonds delivered a "solid" set of results in 2022, despite increased costs as a result of Russia's invasion of Ukraine.The UK-based miner saw revenue fall by just over six per cent to $188.9m and underlying earnings (EBITDA) down 24 per cent to $43.7m. Profits fell 46 per cent to $20.2m.Gem's Letseng mine in Lesotho, the highest average dollar per carat kimberlite d...Read More
Codelco will use Waybridge to digitise its global refined copper business, which the company said would "lead the industry towards more efficient, reliable, and sustainable trading".Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT.KB Homes advanced $1.00 to $37.80 after reporting higher than consensus fiscal first quarter revenues and earnings. Steelcase added $0.42 to $7.60 after reporting higher than consensus quarterly earnings. The company also offered positive guidance. Darden Restaurants gained $2.05 to $153.10 aft...Read More
Twentieth-century British philosopher Bertrand Russell once gave a public lecture on astronomy.An attendee - supposedly - claimed that Earth was not situated in space, as this Russell fellow argued...This attendee claimed instead that Earth rested upon the back of a monstrous turtle.Russell asked this individual what particular solidity the turtle was standing upon, what structure held it up.The a...Read More
Good Thursday morning to you!I've been putting off writing about the demise of my old bank, Credit Suisse. I didn't write about it in the Rude all week because I didn't have the energy to do it justice.But since this Morning Reckoning gives me a bit more latitude, I'll tackle the subject here.If you read the Rude, you know I spent over 11 years of my life over two stints working for Credit Suisse....Read More
A new report by market analyst Wood Mackenzie argues that steel, aluminium, and copper stand to benefit most from an uptick in China's gross domestic product growth this year.WoodMac suggests that if China's economy grows at the expected base case of 5.5% in 2023, the recovery will remain domestically contained with minimal global impact.However, due to the industry-intensive nature of the high-ca...Read More
Patriot Battery Metals (TSXV: PMET; ASX: PMT; US-OTC: PMETF) said it has extended the main spodumene deposit on its Corvette project in Quebec by half a kilometre, sending its stock higher. The Vancouver-based explorer's 20,000-metre winter drilling campaign at the project about 300 km east of James Bay has lengthened the CV5 deposit strike another 550 metres to 3.15 km, it said on Thursday. As...Read More
Northern Miner staff reporter Colin McClelland recently spoke with Jonathan Lafontaine, mining exploration activity monitor with Quebec's Ministry of Energy and Natural Resources at PDAC 2023 in Toronto. Quebec has one of the most diverse commodity bases in the world, from precious metals, including gold, to bulks like high-grade iron ore and critical metals such as nickel, copper, and lithium. Th...Read More