APRIL 2020In a recent essay published at Project Syndicate, Harvard economics professor Kenneth Rogoff sets an ominous tone. Humanity, he says "is facing something akin to alien invasion" - an apt analogy, we thought. "With each passing day," he goes on, "the 2008 global financial crisis increasingly looks like a mere dry run for today's economic catastrophe. The short-term collapse in global ou...Read More
By Daniel R. Amerman, CFACan the U.S. economy actually be turned on and off like a light switch? What are the implications for investors if it can't?The shutdown of much of the American economy in response to the COVID-19 pandemic has already created what is by far the single largest increase in unemployment in U.S. history in such a short period of time. We are experiencing two quite distinct b...Read More
By Rob Kirby The plandemic was [conveniently or coincidentally, take your pick?] "dropped" because we are on an exponential, vertical growth curve for money which had to be created - due to the magic of compounding - before we ever had a "virus". I would like to now remind EVERYONE of a piece I penned back in August of 2018 where I did write in a piece titled, Big Money and the Big Lie: "T...Read More
By RambusBack at the 2008 crash low in the HUI there was a reversal pattern, that is pretty rare, which helped confirm that very important low. If you ever wondered what the 2007 - 2008 top looked like and the decline that followed to the 2008 crash low this daily chart for the HUI paints the Chartology I posted at the tent, in real time, as the impulse move to the downside took place.The 2007 -...Read More
The $2.2 trillion coronavirus relief package that President Donald Trump signed into law on March 27 is just the beginning. The Treasury Department is now seeking some $250 billion more to replenish small business loans, and there's hope that the president and House Democrats can agree on a "Phase Four" spending deal, one that may target infrastructure. Trump has asked for $2 trillion. And...Read More
By David HaggithBy its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the "Stock Market Bulls are Delusional in Face of Great Depression."Monday's stampede proved how utterly disconnected from reality the market's bulls remain, and that means they're going to get their heads pound...Read More
By: Ira EpsteinGold daily chart shows the massive move from $1450-1740's within a 5 week period, wow!Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.U.S. equity index futures moved higher following release of economic news at 8:30 AM EDT. The Federal Reserve announced a $2.3 trillion lending program to support the business community. Consensus for Weekly Initial Jobless Claims was a drop of 5.0 million versus a drop of 6.648 million la...Read More
We recently talked with Trent Mell, President and CEO of First Cobalt (TSX.V: FCC, OTCQX: FTSSF). First Cobalt is positioned to have its Refinery producing Cobalt as early as Q4 2020.First Cobalt has partnered with Glencore and they have been working on a feasibility study that will be released in a few weeks. The Company has the only permitted cobalt refinery in North America capable of producing...Read More
JOHANNESBURG (miningweekly.com) – Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday.Noting reports on the resumption of mining operations after 16 April, Minerals Council South Africa stated that resumption would depend on decisions that g...Read More
Following a “depressed and opportunistic” time for its diamonds at its fifth sales cycle of this year, LSE-listed Petra Diamonds has chosen to only sell a portion of its South African goods, representing about 75% by volume, and about 50% by value.The remaining goods were exported to Antwerp and of these, about 75% were subsequently sold at the company’s Antwerp marketing office,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe extension will give it time to do further drilling and estimate a maiden resource.Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Thursday April 9, as were Asian-Pacific equity indices. Markets seem to be consolidating after a show of strength earlier in the week, which was fueled by reports that business activity was ramping up and some of the Covid-19 hotspots in Europe were showing some early signs of peaking. While the...Read More
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 - the highest quarterly amount ever and the largest tonnage additions since 2016, the World Gold Council (WGC) said in its latest report.During the past year, gold ETFs added 659 tonnes, the highest on a rolling annual basis since the financial crisis, with assets under ma...Read More
The mining industry is fraught with capital cost overruns - a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining projects see cost overruns. Moreover, the researcher can see that it is a decades-long problem. That is, the industry doesn't seem to be getting better at their cost estimates over time. In other words, we aren't learning...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources The Moroccan tin mine developer posted a 322% share-price rise over the last...Read More
SINGING RAPPERS VS FLOW RAPPERS??"?INSTAGRAM ?+' @tommy.craze https://bit.ly/2BVH9NuTommy Merch *NEW*:http://bit.ly/tommymerch????,? OTHER EPIC VIDEOS ????,??-??,? REAL SONGS vs GENIUS INTERVIEWShttps://youtu.be/h7-ZP_TXX2o?-??,? RAPPERS WHO SOUND EXACTLY THE SAMEhttps://youtu.be/HX4xkQONHgg?-??,? RAP SONGS THAT SOUND EXACTLY THE SAME | PART 4https://youtu.be/y_tKlvnlTys---------------------------...Read More
Eric Sprott discusses the current shortages for physical precious metal and the impact on price and the mining shares.Read More
Jay introduces the Guests for the show and updates sponsors news and gives reasons why we are beginning a recession.Read More
Investor Forum | Webinar - Part 2 | April 9th, 2020 Where we're at now.FEATURED SPEAKERS ?EUR? Eric Coffin, HRA Advisories ?EUR? Joe Mazumdar, Exploration Insights?EUR? Brent Cook, Exploration InsightsRead More