Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.c...Read More
Motorcycle accidents ruled Covid deaths? In the rush to paint Florida as the epicenter of the "second wave" of the coronavirus outbreak, government officials and their allies in the mainstream media have stooped to ridiculous depths to maximize the death count. A television station this weekend looked into two highly unusual Covid deaths among victims in their 20s, and when they asked about co-mor...Read More
Billionaire entrepreneur Mark Cuban joins CNBC's "Squawk Box" to discuss what he's seeing in the markets as investors follow the volatility amid the coronavirus crisis.Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network...Read More
What these Epidemiologists have done to society is beyond belief. Once upon a time, there were buffets with all you could eat, and a Sunday brunch was often the highlight of the week. Continue...Read More
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. Continue...Read More
For the first time since September 2016, Silver futures just broke above $20...Continue...Read More
In this week's advisory, sector expert Michael Ballanger reviews the most recent market news, celebrates old-school communication techniques and offers strategies for investing in the dog days of summer. As the month of July moves into its final ten-day stretch, I see NASDAQ records falling left and right as the drivers of fear that dominated in March are now "yesterday's news." Rising second wav...Read More
Subsequently, Troilus Gold plans regional and infill drilling at the property. Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced in a news release the next steps for its Troilus gold project in Quebec and its achievements there over the past few months.The Canadian explorer remains on track to next deliver an updated mineral resource estimate and then, by late September, a preliminary economic...Read More
Lion One Metals reported that it has discovered Tuvatu style lodes at its Banana Creek project located in the South Pacific island nation of Fiji. Current benching from Banana Creek prospectIn a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX), which concentrates its efforts on advancing its wholly owned, high-grade underground Tuvatu Alkaline Gold Project in Fiji, announced "the disco...Read More
X-Terra Resources reported that it has received work authorization permits to continue exploration and drilling at its Grog and Northwest properties in Restigouche County, N.B. In a news release, X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) announced that it has "received all the necessary work authorization permits to continue with its exploration and drilling over the Grog and Nor...Read More
Bob Moriarty of 321gold discusses the upside he sees to this company with a gold project in Nevada's "Elephant Country." I do hope my readers by now understand that we have entered the Greatest Depression. In fourteen weeks some 51.3 million Americans filed for unemployment. Many will not be returning to their original job as it no longer exists as airlines, major chains, restaurants and cruise s...Read More
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.Larry's stunning gold chart shows the price ascending the extreme right...Read More
The shoeshine boy is not just giving customers stock tips these days; rather, he is jumping on hot stocks himself, scalp-trading three or four shares of Tesla, at $1500 a copy, in his Robinhood.com account. That's all the stock these penny-ante schemer-dreamers can afford, and it is why it is not the metaphorical bootblack operating out of his parents' basement who has been driving a handful o...Read More
"In a long-term precious metals bull market, silver almost always out performs gold"by David Morgan of The Morgan ReportSilver to Outperform Gold | https://www.themorganreport.comBy Peter KennedyEconomic concerns tied to the COVID-19 pandemic have put silver back in favour with investors who are once again seeking safety in the precious metals sectorFollowing the recent surge in the price of gold...Read More
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RAPAPORT... Firestone Diamonds has dismissed most of its employees as it plans to keep the Liqhobong mine closed for at least a year, or until diamond prices recover.The miner, which placed the Lesotho-based operation on care and maintenance in April due to the coronavirus, will retain staff necessary for the site's upkeep during the shutdown, implementing a 15% to 50% salary cut across the b...Read More
RAPAPORT... Alrosa has embarked on a restructuring at its Mirny mining division that will allow it to reduce operating costs while limiting job losses.The Russian miner has merged the processing-plant team with several other units, thereby eliminating the need for some jobs, it said last week.The move will affect 670 of Mirny's approximately 2,600 workers, with most of them moving into vacant...Read More
RAPAPORT... Poly Auction's Magnificent Jewels, Watches and Handbags sale garnered HKD 91.9 million ($11.9 million), with a number of diamond pieces selling within expectations.A jadeite necklace with a diamond and ruby clasp was the top lot at the July 8 auction, fetching $3 million. Some 76% of lots were sold at the Hong Kong auction.Other notable items included a round brilliant-cut, 10.01-...Read More
(IDEX Online) - The lab-grown and mined diamond sectors have "called a truce" as they unite against the common enemy of declining demand, claims an expert writing for business magazine Forbes. More and more jewlers are now selling them side by side, argues writer and market researcher Pamela N. Danziger, as the producers of both lab-grown and mined diamond each provide a more clearly defined...Read More
RAPAPORT... Mountain Province anticipates the market for rough diamonds will start to improve toward the end of the third quarter when retailers prepare for holiday sales."While prices in the post Covid-19 period remain under pressure, the demand for rough diamonds is gradually opening up, with demand for certain categories being demonstrated," CEO Stuart Brown said last week. Covid-19 issues...Read More