U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.Index futures were virtually unchanged following releases of economic news at 8:30 AM EDT: September PCE Price Index, September Personal Income and September Personal Spending.Intel $INTC added $$1.17 to $27.44 after reporting higher than consensus quarterly earnings. Pinterest $PINS gai...Read More
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several hundred million dollars as soon as possible.The new asset will form the core of ACG, a special purpose acquisition company, or "spac", chief executive officer Artem Volynets said in an interview. "Our intention is to ac...Read More
The federal government immediately plans to significantly tighten the approval process for major transactions by foreign state-owned enterprises (SOEs) in Canada's critical minerals sectors.In a joint news release issued Friday, Fran??ois-Philippe Champagne, Minister of Innovation, Science and Industry, and Natural Resources Minister Jonathan Wilkinson said that under the updated guidelines for ho...Read More
Nicaragua authorities have granted critical environmental permits to Calibre Mining (TSX: CXB; OTC: CXBMF), greenlighting the open pit and underground mine developments at its Eastern Borosi gold project (EBP).Calibre is advancing the development of the high-grade EBP deposits, which are scheduled to be in production by next year, feeding into the company's Libertad processing facility."Approval o...Read More
Argonaut Gold (TSX: AR) has closed the sale of a 2% net smelter return royalty on its Magino project and surrounding land package in Ontario to Franco-Nevada (TSX: FNV) for US$52.5 million and a US$10 million equity private placement. Argonaut issued 34.69 million common shares to Franco-Nevada at a price of $0.3931 per share.In addition, the company has closed its previously announced US$250 mill...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK) has once again raised its construction cost estimate for the Quebrada Blanca phase 2 (QB2) copper project in Chile by at least US$500 million.Canada's largest diversified miner now expects QB2 to cost between US$7.4 billion and US$7.75 billion, up from a July 2022 guidance of US$6.9 billion to US$7 billion, and an earlier estimate of US$4.7 billion...Read More
At the recent Indigenous Led Projects Forum in Toronto in late September - the first event of its kind - co-host Michael Fox shared some of the big changes that he's seen in Canada's Indigenous communities over his lifetime.The 54-year-old said it wasn't until the 1980s that an Indigenous family member owned a car - - - a symbol of success. Later, the high water mark was the first Indigenous perso...Read More
Osisko Mining (TSX: OSK) continues to explore at its Windfall gold project in the Abitibi greenstone belt, Eeyou Istchee James Bay, Que., between the towns of Abitibi and Chibougamau.Recently it mined a 4,809-tonne bulk sample from the 600 level of the Lynx deposit. The sample averaged 65.5 grams gold per tonne. The actual grade of the material processed was 169% higher than the block model predi...Read More
Liberty and Finance, Released on 10/28/22"There's a storm brewing here," market trader Gareth Soloway says. He is expecting an economic downturn along with inflation. The Fed cannot come to the rescue if inflation is high. Without promise of money printing, the stock market will continue lower, he forecasts. "You're going to see a prolonged bear market," he says, "I don't think we're going to make...Read More
Wall Street Silver - Twitter, Released on 10/28/22Canada to launch digital ID together with WEF... the initiative removes the need for physical passports and can also be used as a combined vaccine passport... and will fit well with the CBDC and social credit score...All for your safety and well-being of course.#WEF #KlausSchwab pic.twitter.com/HTesMKYdEZ- Wall Street Silver (@WallStreetSilv) Octob...Read More
Glenn Greenwald's Substack, Released on 10/28/22The rapid escalation of online censorship, and increasingly offline censorship, cannot be overstated. The silencing Continue... Glenn Greenwald: Meet The Consortium Imposing The Growing Censorship Regime added by Herman James on 10/29/2022View all posts by Herman James ?+'Read More
Nomi Prins, Released on 10/28/22For months, I've been saying the Fed will have to dial back its hawkish stance before the year is out.Continue... Nomi Prins: Why the Fed's Pivot Will Begin This Winter added by Herman James on 10/29/2022View all posts by Herman James ?+'Read More
ZeroHedge - Twitter, Released on 10/28/22Worst year for Treasuries since the US constitution was written pic.twitter.com/nbdbQQb7Td- zerohedge (@zerohedge) October 28, 2022 Worst Year For Treasuries Since The US Constitution Was Written... added by Herman James on 10/29/2022View all posts by Herman James ?+'Read More
Ponzi Finance - Twitter, Released on 10/28/22"The establishment of a central bank is 90% of communizing a nation."- Vladimir Lenin- Ponzi Finance (@BP_Rising) October 28, 2022 Vladimir Lenin: 'The establishment of a central bank is 90% of communizing a nation' added by Herman James on 10/30/2022View all posts by Herman James ?+'Read More
Finally, the pundits and government people get a positive GDP report they can get excited about. Q3 GDP grew at a 2.6% annualized rate, according to the Bureau of Economic Analysis (BEA).Happy days are here again, folks! And right before the midterm elections, no less.But in reality, the report is basically noise. As Mark Zandi, chief economist at Moody’s Analytics, says:If you take a step b...Read More
A few weeks ago Elon Musk took me - and really, all of us - by surprise when he tried to broker an end to the Russian invasion of Ukraine on Twitter.Because sensitive geopolitical matters are best solved by crowdsourcing on social media platforms, Musk tweeted:Now, there's a lot to unpack here, but one thing that really stood out to me was the parenthetical "(until Khrushchev's mistake)."That is...Read More
LONDON, 28 October 2022 - Regional German news-site inFranken.de today cites BullionVault data and analysis in a report for consumers considering gold investment."A survey by the online precious metals retailer in August showed that nearly 40% of respondents cited inflation as the reason for their actions," says the site, one of Germany's largest regional news outlets.Read the full story at inFr...Read More
(TheNewswire) TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (Read full newsRead More
Terra Balcanica's drill results demonstrate the potential of a high-grade silver-zinc-gold deposit.Terra Balcanica Resources Corp. (TERA:CSE) just announced additional drill results from its 90%-owned Viogor-Zanik project in Bosnia and Herzegovina. Drilling at the Cumavici prospect extended the deposit by 83 meters (83m) and resulted in assays as high as 1196.6 grams per tonne (g/t) silver equival...Read More
Compares the sizes of the largest global precious and base metals markets.Read More