The Federal Reserve began kinking its monetary hose two years back.This it did through fevered interest rate elevations and quantitative tightening.Yet the stock market put out its tongue, placed its thumbs in its ears and wiggled its fingers in Mr. Powell's face.It has gone streaking to record heights despite the Federal Reserve's kinks.A conundrum! Or is it?We are informed that financial condi...Read More
MAG Silver Corp. released its Q4 2023 and full-year financial results, coming in ahead of several analysts' predictions for adjusted earnings-per-share (EPS) at its Juanicipio plant in Mexico. Analysts said they were looking forward to the company's new technical report expected next week.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has released its Q4 2023 and full-year financial results, coming...Read More
The figures in totality equate to a US$1.48 billion after-tax net present value at current spot prices, noted a ROTH MKM report.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) released an updated technical report on Juanicipio, its joint venture project in Mexico with Fresnillo, which "confirms robust economics," reported Roth MKM analyst Joe Reagor in a March 27 research note. However, some differe...Read More
Sometimes, I watch videos on YouTube or X and think, "Thank heavens I listened to the right people about Russia and Ukraine."Of course, I claim no clairvoyance, and I'm not a "Washington Insider" like my colleague Jim Rickards.I'm just a well-traveled, educated spectator who tries to understand what's happening and then writes about it.And since my trouble with authority extends to the mainstream...Read More
Michael Ballanger of GMM Advisory Inc. shares one stock he believes is "ridiculously cheap" along with the other junior developers.The big news this morning is the $20 move in gold (+.92%) against a stronger USD Index and weak silver (-.19%) and copper (-.26%).Oil has resumed its uptrend and is the clear winner so far up $1.21/bbl. (+1.49%).Stock futures are mixed.Yesterday, I took a 25 contract p...Read More
"Investors are salivating over the potential with [this company] right now," one newsletter editor/publisher wrote. Read on to discover why.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) closed its bought-deal public offering in which Eric Sprott participated, generating gross proceeds of CA$15 million, according to a news release."Having already established one of the richest undeveloped high-...Read More
Seabridge Gold Inc. recently put out a report card, detailing which of its 2023 goals were met, and shared information about upcoming catalysts, including a potential JV partner. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) has issued its corporate Report Card based on 14 goals for 2023, including securing additional funding for securing "substantially started" status for its massive KSM project in...Read More
In the year 2020 a fellow taking in $59,000 could purchase the average American house.The monetary and fiscal deliriums of the pandemic period were on the simmer but not yet the boil.Trillions and trillions later... they have boiled into a beautiful inflation.Here then is our question:What salary must a fellow fetch to purchase the average American house in 2024?Your choices are these:A): $67,00...Read More
Technical Analyst Clive Maund reviews Silver X Mining Corp.'s 5-month chart to explain why he believes it is a Strong Buy.As set out in the last Silver Market update THE CASE FOR SILVER COULD NOT BE CLEARER.Silver is on the verge of following gold and breaking out into a major bull market and this bull market will eventually end up being all the greater because it is close to being at a record u...Read More
Two of the juniors on Global Analyst Adrian Day's list reported year-end financial results last week, though in both cases, Day believes the financials were less important than other potential developments.Orogen Royalties Inc. (OGN:TSX.V) reported record revenue of $8 million for the year 2023 when it released preliminary fourth-quarter and full-year financial results. This is up 70% from 2022 re...Read More
Western Exploration Inc. CEO Darcy Marud gave an insight into recent updates at PDAC 2024.The CEO of Western Exploration Inc. (WEX:TSX.V;WEXPF:OTC), Darcy Marud, has touched on a major find at its Aura Project in northeastern Nevada. According to Marud during a presentation at PDAC (Prospectors & Developers Association of Canada) 2024, the site has seen drill activity and exploration "since 1997."...Read More
Most of us recall the banking crisis of March to May 2023.It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits.Bank deposits over $250,000 each are not covered by FDIC insurance. Those depositors stood to lose all their money...Read More
The explorer has sufficient funds to see it through federal permitting for its Idaho project, noted a Cantor Fitzgerald report.Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) sold a royalty on all future silver production from its Stibnite gold-antimony-silver open-pit project in Idaho to Franco-Nevada, which paid Perpetua US$8.5 million (US$8.5M) up front, reported Cantor Fitzgerald analyst Mike...Read More
This brine target features areas with low HSAMT resistivity values, which indicate highly conductive material is present. Read why one expert likes this project in Nevada.Canter Resources Corp. (CRC:CSE; CNRCF:OTC; 601:FRA) created a three-dimensional model of its main, "very compelling," potentially lithium-bearing target at its Columbus project in Nevada to better understand the subsurface struc...Read More
Defense Metals Corp. announced it has appointed a leading London corporate finance advisory boutique to review the strategic financing of its wholly owned Wicheeda rare earth element (REE) project in British Columbia. One analyst says the company could become a major global producer of the critical elements.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced it has appointed a leadin...Read More
Technical Analyst Clive Maund reviews Silver X Mining Corp.'s 5-month chart to explain why he believes it is a Strong Buy.As set out in the last Silver Market update THE CASE FOR SILVER COULD NOT BE CLEARER.Silver is on the verge of following gold and breaking out into a major bull market and this bull market will eventually end up being all the greater because it is close to being at a record u...Read More
Welcome to the year of the speculator.2024 has been a dream for adventurous investors who managed to catch lightning in a bottle and ride the mega-caps and semiconductors to outrageous heights.But I'm starting to see signs pointing to lower prices in the very near future...No, I'm not tracking the next big market meltdown... But I do expect the upcoming pullback to awaken more than a few hibernati...Read More
Michael Ballanger takes a long look at the current state of the stock market, opining about lithium, uranium, gold, and a few stocks on his list.Since I first entered the securities industry in May of 1977 as a trainee with the venerable, old "bond house" known as McLeod Young & Weir Limited, little did I suspect that the business, otherwise referred to as a "random walk" would evolve into a mediu...Read More
H.G. Wells concocted a marvelous trick ending to his classic tale The War of the Worlds (1897).Remember: the colossal Martian tripod "fighting machines" swarm all over the planet zapping cities with "heat rays"… it looks like all-is-lost… but finally the darn things just quit marching, stop zapping and stand down… the alien protoplasms at the controls (surprise ending) turn up de...Read More