The Dow Jones Industrial Average gained 1,447.7 points or 4.9% during the Oct. 17-21 trading week to 31,082.56, and the S&P 500 closed 169.7 points or 4.7%% higher at 3,752.75.This week's top mining-focused value gainer was Mosaic Co., which added US$6.24 to close at US$53.10 per share. The crop nutrient producer and distributor's share price has been on a positive trajectory over the past two wee...Read More
The S&P/TSX Venture Composite Index edged up 11.95 points or 2.1% over the Oct. 17-21 trading session to end at 593.04. Sigma Lithium was the week's top gainer by value, rising $7.58 to $48.42 per share. While the emerging lithium miner did not release any recent news, it is benefiting from lithium prices that continue to rally on tight supplies. Sigma is nearing the end of construction of the fi...Read More
Markets were higher over the week as investors searched for a bottom to recent falls, anticipating that central banks won't continue interest rate hikes for too much longer now that inflation is beginning to tick lower, in the United States and Canada at least. Gold retreated slightly.The S&P/TSX Composite Index gained 534.6 points or 2.9% to 18,860.95. The S&P/TSX Global Mining Index increased 4....Read More
Pure Gold Mining (TSXV: PGM; LSE: PUR) is placing its flagship PureGold mine in Red Lake, Ont., on care and maintenance, as the mine has yet to achieve the consistent cash flow needed to alleviate the company's financial problems.Currently, Pure Gold has a cash balance of around $2 million and a net working capital deficit of about $13 million, excluding amounts owing under the company's debt obli...Read More
Barrick Gold's (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.Back in September 2019, Barrick inherited what Bristow called these "moribund mines" when it re-acquired Acacia Mining. After some rebuilding w...Read More
Looking down into the deep ravine in the centre of New Pacific Metals' (TSX: NUAG) Silver Sand project in central Bolivia, one does not have to be a geologist to spot its potential. Up and down its steep sides, the landscape is pockmarked by adits and tunnels dug by miners almost five hundred years ago.The miners may have left after the discovery in 1545 of Cerro Rico, Bolivia's legendary mountain...Read More
For over four decades, CR Mining has been an industry-leading manufacturer and supplier of mining equipment. From their start as innovators in the dragline bucket space, the company has leveraged that expertise to produce a suite of ground engaging tools, or GET, used in a range of machines, including excavators, wheel loaders, and rope shovels.Now, CR Digital, the company's technology arm, is on...Read More
CNBC, Released on 10/24/22Yale's Stephen Roach on whether China is investable right now. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Steph...Read More
Rebel Capitalist, Released on 10/24/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More
Real Vision Finance, Released on 10/24/22 (Recorded on 10/11/22)Brent Johnson first spoke about his "dollar milkshake" theory on Real Vision in May 2018 https://youtu.be/vDr3lRZ01Zo Since then, by his estimate, he's said "milkshake" "a million times." As he sees it, the U.S. enjoys a comparative advantage - despite all of its problems - and, as a result, its currency will appreciate. It's an on-th...Read More
Real Vision Finance, Released on 10/24/22The president and CEO of Rule Investment Media and the chair of Equinox Gold joins Harry Melandri to talk about why he's turning his focus to uranium. In short, Rick is taking a long view on a resource that could help solve what will soon be a global energy crisis.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career i...Read More
Institute for Peace and Prosperity, Released on 10/24/22Josef Stalin's top henchman famously said, "show me the man and I'll show you the crime." What it meant was that Soviet justice was about politics, not the rule of law. First decide who, for political reasons, is to be punished, and then the state will provide the crimes for which he will be charged.This dark era of politicized "justice" has...Read More
President Joe Biden signed an executive order Monday to hold Ortega accountable for continued attacks on human rights and democracy as well as his continued security cooperation with Russia.Read More
Speaking at the FT Mining Summit Vale chief executive Eduardo Bartolomeo said the aim would be to grow the base metals unit as big as Vale is today, an ambitious goal considering nickel generated 9.Read More
The Fed will raise interest rates 0.75% at the end of its next FOMC policy meeting on Nov. 2.That's not an official announcement, but it might as well be because it came from the Fed's unofficial official source. If that sounds confusing, please allow us to explain…The Fed never announces its rate policy decisions in advance. These are announced in the form of a press release and statement d...Read More
Daily Reckoning, Released on 10/24/22Fed Chair Jay Powell made it clear both in his Aug. 26, 2022, remarks in Jackson Hole, Wyoming, and again at his Washington, Continue... Rickards: The Fed's Critical Leak to the Mainstream Press added by Herman James on 10/26/2022View all posts by Herman James ?+'Read More
Daily Mail, Released on 10/24/22A Government laboratory in Maryland plans to make the circulating monkeypox strain more lethal in highly controversial research in mice.The team wantsContinue... Government lab in Maryland is creating a 'more deadly' Monkey Pox strain added by Herman James on 10/26/2022View all posts by Herman James ?+'Read More
Natural News, Released on 10/24/22Dr. Chris Alan Shoemaker, a Canadian doctor with 45 years of experience in emergency medicine, family practice and on military bases, has madeContinue... Canadian doctor warns 50% of kids who got myocarditis from COVID-19 vaccines will be dead in 5 years added by Herman James on 10/26/2022View all posts by Herman James ?+'Read More
Wall Street On Parade, Released on 10/24/22Last Thursday, Jeanna Smialek, who reports on the Fed for the New York Times, broke the news that the President of the St. Louis Fed, James Bullard, gave a private, invitation-only Continue... The Fed's Trading Scandal Broadens into a Scandal with the Mega Banks It "Regulates" added by Herman James on 10/26/2022View all posts by Herman James ?+'Read More
Bullion Star, Released on 10/24/22Expect the silver market to provide plenty of fireworks in the months ahead.Continue... COMEX Deliverable Silver Far Less Than Imagined As 50% Of "Eligible" Is Not Available added by Herman James on 10/27/2022View all posts by Herman James ?+'Read More