The US economy fell into a technical recession. As a safe-haven asset, will gold soar now?What Is Recession, Anyway?Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized quarterly rates). As the chart below shows, on a q...Read More
Bad breaks can be tough to recover from. The process can be arduous and can take a long time. Sometimes a full recovery remains elusive and distant.Silver has a history of bad breaks over the past half-century. Below is a series of charts that tell the story… CHART NO. 1Silver Prices – 2 Year Historical ChartAn extended, downward slide has taken the silver price down by thirty p...Read More
BOOM(ing economy...)(by Half Dollar) The Employment Situation Report, commonly called the Jobs Report, has just been released for the month of July, 2022.Recall that the Bureau of Lying Sadists Labor Statistics has been performing a Jobs Report "do-over" for the last three or four months.Today, however, Team US Recession Narrative just got dunked on by Team Booming Economy Narrative.Which is to sa...Read More
The company said the feasibility study confirmed the plan for gravity, milling and heap leach processing.Read More
Inflationary pressures and the acceleration of certain capital programmes including a tailings facility where highlighted as the causes, with the company increasing its 2022 AISC guidance toRead More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAdventus has definitively secured up to $235.5 million in finance for the future construction of El Domo, of which only $2.5...Read More
The firm's US$500 million of liquidity in cash and cash equivalents, together with access to funding under a heads of agreement with Rio Tinto, will meet its minimum obligations for at least 12 monthsRead More
Shares in the Brisbane-based, London-listed developer dropped last week on rumours of an unsuccessful capital raising. CEO Darryl Cuzzubbo confirmed the company tested the market.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in pre-opening trade. U.S. equity index futures moved lower following release of the July Employment Report at 8:30 AM EDT. Consensus was a drop to 250,000 from upwardly revised 398,000 in June. Actual was an increase to 528,000. Consensus for the July Unemployment Rate was unchanged from June at 3.6%....Read More
Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.In short, the report concludes the industry needs to build 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030 to meet global net carbon emissions goals.Pressure on the supply of critical...Read More
Adventus Mining (TSXV: ADZN) has finalized a US$55-million offtake financing agreement with Trafigura for the construction of its 75%-owned El Domo-Curipamba copper-gold project in Ecuador. Of the total US$248-million estimated project capex, Adventus has now locked down US$235.5 million. The development is a joint venture with Salazar Resources (TSXV: SRL). The total US$235.5-million financing...Read More
BeMetals (TSXV: BMET; OTC: BMTLF), which made its name in the gold sector by acquiring a portfolio of exploration projects in Japan, has announced a US$5-million loan from strategic investor B2Gold (TSX: BTO). The loan, which bears interest at 4.7% per annum and matures on Aug. 4, 2025, will be used for working capital."Given the current conditions in equity markets for the mining sector, we are p...Read More
Canada's Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.The Montreal-based company currently estimates its base case incremental funding requirement at US$3.6 billion, up from the US$3.4 billion forecast by the end March.Turquoise Hill said the up...Read More
Anglo American (LSE: AAL) is planning to appeal a Chilean environmental commission's rejection of its $40-million operational continuity project for El Soldado copper mine, 125 km north of the capital Santiago.Despite having the backing of the country's top environmental evaluation authority, which recommended the project's approval, local regulator Coeva scratched last month El Soldado Phase V pr...Read More
Bloomberg, Released on 8/5/22Mohamed El-Erian, University of Cambridge Queens' College president and Bloomberg Opinion columnist, reacts to the July U.S. jobs report and says the strong data is "bad news for the Fed's credibility." Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a...Read More
TradersChoice.net, Released on 8/5/22Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corp...Read More
The LaRouche Organization, Released on 8/5/22As part of the anti-human policies of the Green New Deal and the Great Reset, the war being waged by the U.S.-U.K.-NATO in Ukraine is designed to prevent the emergence of an alliance of sovereign states committed to mutually-beneficial cooperation for development. How can the creation of a New Bretton Woods system reverse the drive for reduction of the...Read More
SF Live, Released on 8/5/22In this episode of SF Live, we are speaking with Tavi Costa, Partner & Portfolio Manager at Crescat Capital. We discuss how the current prices of gold & silver, as well as the mining companies, are a gift. What will the FED do next? What impact does the Oil price have? Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013....Read More
Fox News, Released on 8/5/22Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York...Read More
Market Watch, Released on 8/5/22"With Ring, Alexa and now Roomba, Amazon tracks everything that happens inside your house (even who visits you). This is all about getting data on YOU. Google Nest too. Homes were your last data Continue... Amazon purchase of Roomba sparks privacy fears: 'Homes last data sanctuary' added by Herman James on 08/06/2022View all posts by Herman James ?+'Read More