With the economic backdrop continuingto deteriorate, silver’s bull case has become increasingly fragile.Ominous Signs AheadWhile silver has bounced off its recentlows, the white metal continues to underperform gold. And whenvolatile areas of the precious metals market showcase weakness (silver andmining stocks) it’s often an ominous sign for the entire sector. In addition,&n...Read More
This past Tuesday, I offered the following forecast of what would happen at the FOMC meeting this week:On Wednesday, the Fed will leave its target rate for fed funds unchanged. That decision will keep the federal funds target at 5.50% as set at the July 26, 2023, meeting. Over the course of [13] FOMC meetings beginning March 16, 2022, I've been correct in all of my forecasts including the "skipped...Read More
Is a common refrain in certain economic circles:"We need to reform the Federal Reserve."We are told this should be done or that should be done.This will make it more efficient, that will make it more transparent.And perhaps even it would.Yet we take a dim view of most "reform." The reason is simple as Sam and clear as gin.Reform is an ax that rarely strikes the root. That is often by design.It is...Read More
Dolly Varden has closed a strategic deal with Hecla Canada Ltd. valued at CA$10 million. Read on to see why analysts like this major silver company.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) has announced in a press release that it has established an agreement with Hecla Canada Ltd. pertaining to Hecla's acquisition of 15,384, 616 common shares valued at CA$0.65 of Dolly Varden, totaling in...Read More
Global Analyst Adrian Day discusses some set-backs at several major mining companies, as well as stellar results from a top business development company.Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE)reported 3Q production up 4% on the prior year, though still slightly below expectations.Higher production at Malartic was offset by a temporary transformer issue at Detour Lake that resulted in 25 days o...Read More
I've lived in Italy for 19 months and still can't speak Italian fluently.My six-year-old son, Micah, speaks excellent Italian, and his friends' parents, my peers, are more than happy to ignore me and talk with him.It saves me a job.But to improve, I started translating words and phrases I often use. It's a common strategy to improve speaking ability.A few Fridays ago, I stood in Piazza San Secondo...Read More
On personal errand we recently infiltrated the "elite" Georgetown precinct of Washington, D.C.Georgetown is the site of the infamous Washington "cocktail party" the very symbol of insular and corrupt Washington.Our travels took us past a store that sold books. We maintain a peculiar and likely irrational interest in books.And so we ordered an immediate stop... to take a look.Displayed upon a tab...Read More
These data are from the recent campaign and will be incorporated into the 2024 prefeasibility study, noted a Canaccord Genuity report.Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) released a large batch of positive 2023 drill results from its Black Pine oxide gold project in Idaho, reported Canaccord Genuity analyst Peter Bell in an October 31 research note."Overall, we believe these results bode well...Read More
Returned grades were as high as 29,098 grams per ton silver equivalent, noted a Red Cloud Securities report.Initial drill results from Blackwolf Copper & Gold Ltd.'s (BWCG:TSX.V) Harry property in British Columbia's Golden Triangle highlight a gold discovery in the Swann zone, reported Red Cloud Securities analyst Taylor Combaluzier in an October 31 research note."We believe that a follow-up drill...Read More
With Western companies attempting to compete with Chinese graphite, Technical Analyst Clive Maund takes a look at one graphite stock he believes is an Immediate Buy.There was a big flurry of activity in graphite stocks on Friday, and the reason for this was that China has imposed export controls on graphite, which means that countries like Canada and the U.S. will have to look elsewhere to secure...Read More
This company is trying to loosen China's grip on rare earth elements. Find out why one analyst thinks its latest resource estimate adds to value to its flagship project.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) has filed the National Instrument 43-101 technical report for its newest mineral resource estimate (MRE) at its Wicheeda rare earth element (REE) project in British Columbia.T...Read More
Jim Rickards was correct.Jim forecast that the Federal Reserve would sit upon its hands today no rate hike.And in fact the Federal Reserve sat upon its hands today no rate hike.Mr. Powell left his sword in its sheath.The stock market reacted initially with a shrug of its slumping shoulders.That is because it did not anticipate a rate increase. Thus its expectations were merely affirmed.Stocks...Read More
Michael Ballanger of GGM Advisory Inc. takes a look at current trends in the junior resources sector to tell you where he believes it is all headed.The finest newsletter writer for junior resource companies to ever pick up a pen, tap away on a typewriter, or wax eloquently on a desktop keyboard was Robert Bishop, who retired from active service about fifteen years ago after publishing "The Gold Mi...Read More
The Federal Open Market Committee (FOMC) of the Federal Reserve System (the Fed) is meeting today and tomorrow for the purpose of discussing the economy and setting monetary policy going forward.Today I'm giving you a preview of the meeting, a forecast of Fed policy and what it means for the economy going forward. Let's start with what's happening tomorrow with the Fed...Tomorrow, the Fed will lea...Read More
The stock market continues to drag investors into a pit of despair as the major averages post another ugly week of losses.The Nasdaq took the brunt of the damage, tumbling more than 5% in just ten trading days as the once bulletproof mega-cap tech stocks began to unravel. The bears have now come for the biggest and best stocks on the market, with major players like Alphabet Inc. (GOOG) suffering d...Read More
LONDON, 31 October 2023 - Comment from BullionVault features today in a report from leading German newspaper Handelsblatt about how weak investment demand for gold has so far failed to dent the price of the precious metal."In the long term, consumer demand, along with central bank demand, helps form a floor for gold prices," explains Adrian Ash, director of research.So while these segments of the...Read More
Emerita Resources Corp. has announced the beginning of its drill program at the Nuevo Tintillo mine. Read on to see why analysts are optimistic about this company's stock.Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) put out a press release on October 20, 2023, announcing that the company has begun its drill program on its Nuevo Tintillo property after some delays due to concerns ab...Read More
We saw what happened in the Hamas attack on Israel across the Gaza Strip. What's coming next in this war? How far will the escalation go?You're well aware of the surprise attack by Islamic Hamas berserkers on Israeli civilians on Oct. 7. Hamas does not have an air force or armor, but they improvised an assault with mundane substitutes.They used paragliders of a kind that can be found at almost any...Read More