Miner and commodities giant Glencore (LSE: GLEN) has shelved plans for a giant A$2 billion (US$1.3 billion) coal mine in Australia's Queensland state, which would have become one of the country's largest.The Swiss company said the decision to abandon the Valeria project was based on global uncertainties and an increase in state royalties, which have damaged investor confidence. The move also fit...Read More
You don't need a magic eight ball to know that 2023 is probably going to be a tough year.As 2022 comes to a close, it seems we are collectively coming to the realization that the multiple, compounding crises that have bloomed this year (even if they were years in the making) won't magically disappear as we turn the page on 2022. Inflation is probably not as "transitory" as the U.S. Federal Reserve...Read More
Opposing Points, Released on 12/8/22In his new book, The Great Money Bubble: Protect Yourself from the Coming Inflation Storm, New York Times bestselling author and former investment manager David A. Stockman, who served as director of the Office of Management and Budget under President Reagan, explains the roots of today's runaway inflation so investors at all levels can calibrate their financial...Read More
Financial Survival Network, Released on 12/8/22Summary: What's in store for inflation and the markets? Charles Nenner comes on the show to discuss some financial charts and explain how cycles work. We're in an inflationary cycle that could go on for the greater part of a decade, and we can expect low inflation until February of next year. This cycle correlates with the prices of things like food a...Read More
Kitco News, Released on 12/8/22Ted Oakley, Founder and Managing Partner at Oxbow Advisors, discusses the FOMC's upcoming meeting, labor markets, how to select good companies to invest in, a potential housing market downturn, and the upcoming recession in 2023. He spoke with David Lin, Anchor and Producer at Kitco News. 0:00 - Fed rate hike2:37 - Labor market6:44 - Asset allocation10:56 - Investmen...Read More
Lyn Alden - Twitter, Released on 12/8/22Based on a number of metrics, banks' overall lending willingness is in contraction, and resembles what tends to happen leading into recessions.Of course, every cycle is different and has its own nuances. pic.twitter.com/ouX3C4oJ4L- Lyn Alden (@LynAldenContact) December 8, 2022 Lyn Alden is the founder of Lyn Alden Investment Strategy. Lyn has a bachelor'...Read More
Trends Research, Released on 12/8/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, ri...Read More
Elon Musk - Twitter, Released on 12/8/22Twitter is working on a software update that will show your true account status, so you know clearly if you've been shadowbanned, the reason why and how to appeal- Elon Musk (@elonmusk) December 9, 2022 New Twitter update will show if you've been shadowbanned added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
Mish Talk, Released on 12/8/22Through November, I estimate about $84.7 billion has been handed out to banks. That is a bit on the high side due Continue... Mish Shedlock: How Much Free Taxpayer Money is the Fed Giving to Banks? added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
CNBC, Released on 12/8/22President Joe Biden on Thursday is announcing the infusion of nearly $36 billion to prevent severe cuts to the retirement incomes of more than 350,000 Teamster workers and retirees across the United States.Continue... Biden announces massive $36 Billion bailout for pensions of union workers added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
CNBC, Released on 12/8/22Children 6 months through 5 years old who received Moderna's two-dose primary series are now eligible for an omicron booster two months after their second shot.Continue... FDA approves Covid Booster shot for 6 month old babies added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
Alt-Market.US, Released on 12/8/22Even now with price inflation pummeling the average consumer they tell us that there is nothing to worry about.Continue... Major Economic Contraction Coming In 2023 - Followed By Even More Inflation added by Herman James on 12/09/2022View all posts by Herman James ?+'Read More
Gold’s rally was just stopped by theresistance provided by its previous high and its 60-week moving average. Willgold now reverse? Theabove chart features gold prices in terms of weekly candlesticks. As you cansee, it just approached its August high. Andgold failed to move above it. Last week, I wrote:Theresistance is provided by the weekly closing prices, and since the current weekends toda...Read More
Here’s how to make sense of thedifferent figures reported by the Energy Information Administration (EIA).Macroeconomics From a macroeconomic point of view, the US dollar index (DXY or USDX) has maintained its downward trend within its recent regressionchannel, probably still eyeing the next quarterly S2 pivot just located at the$100 mark. U.S. Dollar Currency Index (DXY), dailychartAs we wil...Read More
In April, it published a 287Mt grading 0.79% copper equivalent indicative starter pit at Warintza Central within a larger 1.5Bt resource."We are trying to deliver high-value, high-impact growth in expanding the size of the start-up, which is a key contributor to the robust economics of this project. We are going to continue to expand on the start-up to take that resource to over 500Mt with this dr...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesFeasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumWhat does this have to do with WIM100? Well, every...Read More
We note the following: the United States Department of Defense has failed its annual audit for the fifth consecutive year.It has - in fact - failed each and every audit since the business began in 2018.Has Congress seized the red pencil... and threatened to run it through the defense budget until the Pentagon can square the ledgers?No it has not.Congress' latest proposal would spend an additional...Read More
The Jist, Released on 12/8/22Bob explains his belief that the Russians have already won the war in Ukraine, that Europe will soon face a massive refugee crisis as Ukrainians flee their country, and that Russia and China are planning a new currency backed by gold as a challenge to the Western Fiat money system that is collapsing before our very eyes!Bob brought 321gold.com to the Internet almost 14...Read More
Gold’s rally was just stopped by theresistance provided by its previous high and its 60-week moving average. Willgold now reverse? Theabove chart features gold prices in terms of weekly candlesticks. As you cansee, it just approached its August high. Andgold failed to move above it. Last week, I wrote:Theresistance is provided by the weekly closing prices, and since the current weekends toda...Read More
Here’s how to make sense of thedifferent figures reported by the Energy Information Administration (EIA).Macroeconomics From a macroeconomic point of view, the US dollar index (DXY or USDX) has maintained its downward trend within its recent regressionchannel, probably still eyeing the next quarterly S2 pivot just located at the$100 mark. U.S. Dollar Currency Index (DXY), dailychartAs we wil...Read More