U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points in pre-opening trade. AutoZone added $1.36 to $2,167.01 after reporting higher than consensus fiscal fourth quarter revenues and earnings. Netflix gained $3.82 to $243.95 after Oppenheimer upgraded the stock to Buy.Take Two Interactive dropped $7.14 to $117.05 after the company reported a hack of Grand Theft...Read More
Elixir Energy (ASX: EXR) holds a 100% interest, in the Nomgon IX coal bed methane (CBM) production sharing contract (PSC), a very large asset, located proximate to the Chinese border, in Mongolia's South Gobi region, near excellent infrastructure, and close to the rapidly growing Chinese gas market. The PSC has a minimum ten-year exploration period and a thirty-year (extendable) production period....Read More
SF Live, Released on 9/19/22We are speaking with Dave Kranzler about the silver squeeze that we just witnessed, us dollar, gold as a safe haven, FED, interest rates and much, much more.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English an...Read More
Kitco News, Released on 9/19/22Adrian Day, President of Adrian Day Asset Management discusses his outlook on Fed policy, gold, and the economy with David Lin, Anchor for Kitco News at the Precious Metals Summit in Beaver Creek.0:00 - Fed rate hikes3:14 - Unemployment rate6:53 - Retail sales data8:50 - Personal saving rate10:11 - Economic outlook14:35 - Fed policy in the past16:35 - Inflation expec...Read More
The company said that the commission behind the vote is comprised of individuals with an anti-mining agenda and biased and illegal activities were observed during the referendum process.Read More
If you're a longtime Daily Reckoning reader, you've heard of numerous plans to end the role of the U.S. dollar as the leading reserve currency.These plans go by many names including the Great Reset, Bretton Woods II and other names suggesting some kind of deep dark conspiracy. The reality is less sinister but no less important.The main thing to understand about the role of the dollar in the intern...Read More
Daily Reckoning, Released on 9/19/22The main thing to understand about the role of the dollar in the international monetary system is that Continue... Rickards: Another Crack in the Dollar's Foundation added by Herman James on 09/21/2022View all posts by Herman James ?+'Read More
Shares in Callinex Mines (TSXV: CNX) rose more than 15% today after the Vancouver-based company reported drilling results from its Pine Bay copper, gold, silver and zinc project in Manitoba. Drilling at the Rainbow deposit at Pine Bay, near Flin Flon, cut 33.7 metres of 4.29% copper, 0.22 gram gold per tonne, 4.63 grams silver per tonne and 0.31% zinc (or 4.6% copper equivalent) from 636.3 metres...Read More
Asked about how many cars Tesla will have made by August 2032 - 10 years from now - the company founder Elon Musk said: "I'd say 100 million is pretty doable."Reaching the 100 million mark by the end of the decade is also considered essential to reduce carbon emissions and achieve the Paris Agreement.In total, 22 U.S. states have set the goal to have 100% carbon-free electricity before 2050. A...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com).Top gold assays for the week Sept. 9-16, 2022.Osisko Mining's (TSX: OSK) Windfall Lake project in central Quebec posted the top gold drilling results of the past week, followed by Mandalay Reso...Read More
These are exciting times for Canadian miner Dor?(C) Copper Mining (TSXV: DCMC; US-OTC: DRCMF) as the company looks to restart the prolific Chibougamau mining camp in northern Quebec, roughly 500 km north of Montreal and 10 km by road from the town of Chibougamau. Dor?(C) Copper has consolidated a large land package that includes 13 former producing mines, deposits, and resource target areas withi...Read More
Take a look at this photograph:To the left is Thomas Edison, the great inventor of the carbon filament lightbulb and phonograph.What he's standing next to might surprise you.It's a prototype electric vehicle (EV).This picture was taken in the early 1900s.My great-grandfather worked at Edison's workshop in Menlo Park, New Jersey. Back then, employees would have seen Edison zipping around...Read More
Where to from here?by Keith Weiner of Monetary-MetalsWe finally had a resolution, of sorts, in silver. Since April 13, we have had a falling price of silver (indicated as a rising price of the dollar, as measured in silver). And along with this price trend, a growing scarcity of the metal to the market (i.e. the cobasis, the red line). Indeed, the price (of the dollar) and silver scarcity move wi...Read More
RAPAPORT... Experts discussed the important topic of fancy-shape diamonds in the latest Rapaport webinar, sharing their views on what's driving demand and how technology is changing the market.The second in a series of sessions sponsored by the International Gemological Institute (IGI) delved into the popularity of different cuts among consumers, how manufacturing has improved, why the role o...Read More
RAPAPORT... Belgian manufacturer HB Antwerp has unveiled a digitally secured diamond vault for individual stones, claiming the device ensures origin verification and protects goods from tampering.The new HB Capsule can only be opened by authorized people who are next in line to interact with the diamond, the company said Thursday. The system uses blockchain technology and data analytics to tr...Read More
RAPAPORT... A colored-stone miner based in Dubai claims to have unearthed the world's largest gem-quality ruby.Fura Gems discovered the 101-carat rough at its mine in Mozambique, the company said last week. The stone's fluorescence, clarity and vivid-red hue are extremely rare, it added. The miner has named it the Estrela de Fura, Portuguese for Star of Fura.While larger rubies exist, they ar...Read More
RAPAPORT... US retail sales rose gently in August as wage increases and a higher employment rate outweighed the negative impact of inflation.Revenue grew 0.3% from the previous month, compared with a 0.4% decrease in July, according to data the US Census Bureau released last week. August sales climbed 9% from a year earlier."Household spending remains steady even as costs continue to rise," said N...Read More
(IDEX Online) - One of the world's largest rubies, a 101-ct rough gemstone recovered in Mozambique, is to be auctioned next month.The Estrela de Fura, recovered by Dubai-based miners Fura, could become the world's most expensive ruby once it's cut and polished.The record is currently held by the 25.59-ct cushion-cut Sunrise Ruby, a Burmese gemstone which sold for $30.42m at Sotheby&...Read More
(IDEX Online) - Lightbox is selling lower quality polished lab growns with a 25 per cent discount.The De Beers-owned company is charging $600 per carat, for its Lightbox Basics collection - white stones in a "modern sterling silver bezel setting" - rather than its standard $800.It says the Basics stones are all guaranteed to be at least SI clarity, faint color, and a very good cut. Stan...Read More
Liberty and Finance, Released on 9/18/22 (Recorded on 9/15/22)Inflation is not going away, says Alasdair Macleod, head of research at GoldMoney. Rates are going to continue to rise, creating a credit contraction and a move away from fiat currencies. "There is nothing to stop the general public taking the view that they should not hold any form of currency and credit because it's going to buy less...Read More