Buoyed by tight world supply and higher demand, Light crude oil prices are expected to reach the first resistance level of $124.50 over the next few weeks. WTI prices are being driven by several factors. First, the summer driving season in the US, and second by the relaxation of China's Covid curbs (Chart 1). On the supply side, the EIA has said that US Strategic Petroleum Reserve dropped by a rec...Read More
What are the new fundamentals for crude oil to look at this week?Could Asian demand be slowed down by Saudi Arabia raising its prices? Crude oil prices soared earlier this weekafter Saudi Arabia said on Sunday it would raise crude oil prices for mostregions except the United States. Just days after opening the floodgates alittle wider (as announced lastweek following an OPEC+ meeting), Saudi Arabi...Read More
The latest inflation report has "beat" "market" "participants" "expectations"...(by Half Dollar) The official inflation report, the Consumer Price Index, has just been released for the month of May, 2022.According to the BLS, in May:Prices are up 1.0% from last month.Prices are up 8.6% over the last 12 months."Traders" and "investors" are apparently selling their silver because inflation is blazin...Read More
Uranium has been boosted by a promising change to the U.S. Government's nuclear fuel procurement policy, while zinc continues to benefit from high power prices which are limiting supply.Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe meeting, held on June 9 on the sidelines of the Summit of the Americas, was a further indication of the politic...Read More
Drill hole number 60 was collared almost 2km northeast of previous drillhole 41 and has intersected what it interpreted as a separate porphyry system along the Filo del Sol corridor, the firm said inRead More
(IDEX Online) - A new record for the world's largest polished lab grown diamond has been set by Indian company Ethereal Green Diamond LLP, with a 30.18-carat stone.It snatches the title from Greenlab, another Indian company, which announced just over two weeks ago that it had produced a marquise step cut 27.27-carat diamond.Both stones were certified by IGI. The 30.18-carat emerald-cut gem, c...Read More
It's part of a move by the country to accelerate the development of a formal mining sector.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 44 points in pre-opening trade.U.S. equity index futures moved lower following release of the May Consumer Price Index at 8:30 AM EDT. May U.S. Consumer Price Index to be released at 8:30 AM EDT on Friday was expected to increase 0.7% versus a gain of 0.3% in April. Actual was an increase of 1.0%. On a year-over-year...Read More
Filo Mining (TSX: FIL; OTC: FLMMF) has discovered a new porphyry copper-gold centre along the Filo trend, about 2 km northeast of the Breccia 41 zone at its Filo del Sol project in San Juan, Argentina.Part of its ongoing drill program at Filo del Sol, hole FSDH060 intersected 738 metres at 0.39% copper, 0.14 gram gold per tonne and 1.4 gram silver per tonne, from a depth of 332 metres. This hole i...Read More
As the world continues to electrify and concerns escalate around the supply of raw materials, including copper, zinc, lithium, and PGMs, required for the transition away from fossil fuels, base and battery metal explorers and developers are attracting increasing interest from investors. Below are eight companies operating in the space.AMERIWEST LITHIUM1: Ameriwest Lithium's Edwards Creek project i...Read More
Qu?(C)bec-focused gold miner Abcourt Mines (TSXV: ABI) has entered into a non-binding agreement to acquire all issued and outstanding shares of Pershimex Resources (TSXV: PRO) by way of a three-cornered merger. Abcourt says the proposed transaction is part of the company's vision to create a larger and more diversified emerging gold producer and explorer in the province.Pershimex shareholders wil...Read More
Perpetua Resources (Nasdaq: PPTA; TSX: PPTA) is building momentum on its legacy cleanup in Idaho, and has selected IMCO Construction as a partner to begin water quality improvements in the historical Stibnite mining district this summer.Known as Midas Gold until last year, the company moved its headquarters from Vancouver to Boise, Idaho, where it is restoring the historic brownfield site of its...Read More
New ETFs in Europe, billions of dollars raised and spent on physical uranium by Sprott, aggressive reactor construction programs, mine restarts, rising contract pricing, positive turns in public sentiment: Driven by powerful geopolitical and climate related trends, nuclear energy has finally moved out from the shadow cast by Fukushima and is bringing fundamental change to the uranium sector.The st...Read More
George Gammon, Released on 6/10/22Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chri...Read More
TradersChoice.net, Released on 6/10/22Gregory 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 Cor...Read More
YouTube/PeterSchiff, Released on 6/10/22 ? Inflation beat expectations by a wide margin. ? Consumers more pessimistic now than in depth of Covid lockdowns. ? CNBC ridicules David Einhorn for recommending gold investing. ? Investors selling both the rumor and the fact. ? Christine Lagarde said nothing hawkish. ? Recession will kick inflation into a new gear. ? Gold stocks unexpected victim of infla...Read More
Viva Frei - Twitter, Released on 6/10/22Within three months, Justin Bieber (who was on tour) and his wife suffered facial paralysis and a brain clot respectively. But don't dare ask any questions. Because that would make you a far-right conspiracy theorist worthy of cancellation on social media. pic.twitter.com/TZK5rnA1ua- Viva Frei (@thevivafrei) June 11, 2022 Within three months, Justin Bieber a...Read More
Great Game India, Released on 6/10/22According to the Pentagon, the US government has funded 46 biological research facilities in Ukraine over Continue... Pentagon Finally Admits Running 46 Biolabs In Ukraine added by Herman James on 06/11/2022View all posts by Herman James ?+'Read More
Kitco News, Released on 6/10/22The inflation rate is now at 8.6 percent, the highest it has been in 40 years. Steve Hanke joins Kitco News to explain why inflation is not going away, and why the Federal Reserve will likely cause a recession. He spoke with David Lin, Anchor and Producer at Kitco News. 0:00 - Recession forecasts7:33 - What the Fed should do10:03 - Soft landing13:08 - Recession sever...Read More