Yesterday we asked:Which democracy was superior, we asked modern American democracy or ancient Athenian democracy?We slanted in the direction of Athenian democracy.That is because Athenian democracy minded its money.Athenian democracy amassed a handsome budgetary surplus... over which the citizens themselves stood watch.They could have gotten their hands upon this vast amassing. Yet they did n...Read More
Chris Temple of The National Investor shares his thoughts on the gold and uranium markets, and one uranium stock he believes is currently a Buy.As MarketWatch, among others, is REPORTING, the most active gold contract closed the day and week yesterday at a new all-time nominal high.This came as a fresh wave of inflation numbers were more or less in line with expectations . . . fresh signs emerged...Read More
Today we bear the gravest news:Elements of the United States government will "shut down" midnight Friday absent bipartisan resolution to keep it in funds.Some 20% of the federal apparatus will be padlocked and chained.And as Uncle Samuel's doors swing shut... Pandora's hellish box will swing open.You will have each and every species of calamity on your hands.Chaos and old night? You will have it...Read More
LONDON, 4 March 2024 - Analysis and comment from BullionVault today features in global data and financial-news service Bloomberg's report on the surge to all-time highs in the price of gold bullion.With Moscow and Nato now repeatedly warning of the risk of a direct conflict, "Central-bank demand is helping offset profit-taking by investors looking to cash in on the higher gold prices," says the ar...Read More
LONDON, 4 March 2024 - Analysis, data and comment from BullionVault's research team today forms the heart of a look back to the UK's infamous 1999 gold sales from Telegraph Money, the financial pages of the UK's Daily Telegraph newspaper.25 years ago, "gold was increasingly being seen as a 'barbarous relic'," says The Telegraph, and the UK was far from alone in selling down its gold bullion reserv...Read More
They say the definition of insanity is doing the same thing over and over again and expecting different results.But if this adage is accurate, shouldn't most investors buy a one-way ticket to their local looney bin?Perhaps this is an insensitive comment. Let me clarify: I don't really believe all investors are nuts. Even if they were, I'm pretty sure most of the country's mental asylums shuttered...Read More
LONDON, 3 March 2024 - Gold-price data from BullionVault is featured in a report on this morning's new all-time highs posted at ThisIsMoney, the UK personal finance site from the Daily Mail group of companies.Read the full story and see BullionVault's charts at ThisIsMoney here:Gold price hits record high: What's behind the latest surge and how do you invest in it? Read More
Seabridge Gold Inc. announces it has filed a new technical report for its 100%-owned Courageous Lake project in the Northwest Territories that makes the operation "considerably more sustainable and profitable." Read why at least one analyst agrees.Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it has filed a new National Instrument 43-101 technical report for its 100%-owned Courageous Lake p...Read More
Ideologies sound wonderful in the abstract, but run aground in the granular real world. The dominant ideology in the world today isn’t a political ideology, it’s the ideology of the market.In this ideology, the market is presented as the ideal problem-solving mechanism, as the interplay of supply and demand and the free flow of capital and labor will automatically fill unmet demand wit...Read More
We are living through one of history's longest and most excruciating versions of "We told you so."When in March 2020, the world's governments decided to "shut down" the world's economies and throttle any and all social activity, and deny kids schooling plus cancel worship services and holidays, there was no end to the warnings of the terrible collateral damage, even if most of them were censored.E...Read More
My goodness, I didn't have that on my Bingo card. I had just written last week's piece for the Morning Reckoning about opportunity cost.And yet, there was Jon Stewart, back on television in all his glory, getting it completely wrong. I actually smacked my head when I heard his nonsensical outburst. Of course, if it's an outburst nowadays, it's usually about Tucker Carlson.And what did Stewart say...Read More
"There are no solutions," intones economist Thomas Sowell "there are only trade-offs."Preserving Earth is a trade-off to shame all trade-offs...For the cost of preserving Earth may consign its American inhabitants to a poorhouse.The Committee for a Responsible Federal Budget, so-called:Last April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standa...Read More
Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it's in no hurry to cut interest rates, some analysts continue to see bright skies ahead this year for the precious metal.Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it's in no hurry to cut...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More
Barry Dawes of Martin Place Securities shares his thoughts on the current state of the gold market and where he believes it is headed.Gold is still holding on, but sentiment is very poor.Will it hold above US$2000 for another monthly close in February?KeypointsGoldAnother monthly close above US$2000 would be very positiveMarket sentiment is very poorBulls giving upGold StocksXAU at a critical leve...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More
LONDON, 29 February 2024 - The latest Alchemist magazine from global precious-metals trade body the London Bullion Market Association today carries a summary of 'The Future of the Gold Market' panel at last October's LBMA conference, chaired by BullionVault director of research Adrian Ash.Running from regulation to tokens, profit margins to liquidity, the panel brought together a wealth of experie...Read More
Global Analyst Adrian Day reviews year-end financials from several companies in the resource and global markets. Most of them had some disappointing news in their results, according to Day, but he leads with a junior that received some unvarnished great news.Orogen Royalties Inc. (OGN:TSX.V) received good news when AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) held its yearend analys...Read More
GDXJ declined once again yesterday,but the situation in silver juniors is even worse!Silver Juniors inTroubleYes, it is possible for a market to bein an even worse position than gold junior mining stocks – that’s the case withsilver juniors.To be precise, the GDXJ aims to beexposed to about 80% gold juniors and 20% of silver juniors, but the SILJ ETFaims to be exposed to just silver mi...Read More