Home Blog Page 2

Fury Obtains 100% Interest in ÉLÉONORE South Gold Project Next to Newmont’s Gold Mine (215k AuOz/yr)

from Mining Stock Education

Fury Gold (Ticker: FURY) and certain affiliates of Newmont have entered into an agreement whereby Fury will purchase Newmont’s 49.978% interest in Éléonore South Gold Project for C$3M. As part of the consolidation of Éléonore South, Fury has also agreed to purchase Newmont’s 30,392,372 shares of Sirios Resources Inc. for C$1.3M. The Sirios shares will be acquired for investment purposes and Fury will evaluate its investment in Sirios on an ongoing basis with respect to any possible additional purchases or dispositions. Completion of the purchase is subject to certain conditions precedent and is expected to close in late February or early March 2024.

Tim Clark shared that this 100% consolidation of interest in the Eleonore South Gold Project increases the possibility of Fury as a consolidation target in the region; especially in the eyes of the buyer of the adjacent producing Eleonore Mine (215k AuOz/yr) which Newmont has recently announced they are selling. The Eleonore Mill is currently not running at full capacity and the new, future operator will need new ore. Fury’s Eau Claire project is also only 57km away from the Eleonore Mine.

Fury CEO Tim Clark stated: “We value the strong relationship with Newmont and are confident that this transaction is a positive outcome for both companies. Our team has historically ranked the ESJV as one of our more prolific targets for discovery. As such, we are excited to now have 100% ownership as we expect this to provide a clearer pathway for more exploration and potential upside in returns for our investors from this project consolidation and investment in Sirios.”

Presentation: https://furygoldmines.com/investors/presentations/

Press Releases discussed: https://furygoldmines.com/news-and-media/news/fury-consolidates-interests-at-eleonore-south-gold-project-to-100/

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Libertarianism Unleashed in Latin America and the World with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry and John Rubino discussed a range of topics, including the successful implementation of libertarian policies in Latin American countries, the potential ramifications of the AI bubble on the stock market, Google’s recent AI blunder, the legal implications of Trump’s judgments in New York, and the potential consequences of truckers refusing to go to New York City. They also analyzed the unexpected rise in interest rates and inflation measures, leading to a hawkish stance from the Fed and its impact on the housing market. The speakers expressed hope that the successful implementation of libertarian policies in Latin America would pave the way for libertarian ideas to become politically marketable in the US. They also expressed concerns about the exponential growth of artificial intelligence and its impact on market valuations, highlighting the interconnectedness of the AI bubble with other market bubbles such as housing, commercial real estate, and government bonds. The conversation underscored the difficulty of identifying market bubbles in real-time and the potential for a widespread market downturn if the AI bubble were to burst. Additionally, they discussed the challenges and risks associated with shorting the NASDAQ as a hedge against the AI bubble.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Super Bull Market in Gold About to Start – Charles Nenner

by Greg Hunter
USA Watchdog

Renowned geopolitical and financial cycle expert Charles Nenner has been warning of a huge war and financial cycle, and it is clear both continue to build. The war cycle will continue to amplify until World War III breaks out. Meanwhile, unpayable debt will continue to explode until another Great Depression hits America again. Standing in the gap is gold, and the wait for a bull market is about over. Nenner explains, “The dollar’s buying power could possibly be cut in half. . . . That’s the reason why we expect a super bull market in gold and silver when the cycle bottoms. You remember I came on and said coming, coming, but not yet? I say it was too early . . . but, now, we are getting very close to a bull market. . . . Gold could still have one more down move because the cycles are still down.”

On Bitcoin, Nenner says, “We had a high of $54,000, and we said if it hit $52,000, we would sell. I do not believe this story that Bitcoin will hit $100,000 based on my work. It has been proven that NASDAQ and Bitcoin go up and down together because it is based on nothing, and people are buying out of greed. Because we think we are at a top in the NASDAQ, then we don’t think the outlook for Bitcoin is too positive.”

Continue Reading at USAWatchdog.com…

Jamie Dimon and Nine of His Top Executives at JPMorgan Chase Have Dumped Over $150 Million of Their JPMorgan Stock in Last Two Months

by Pam Martens and Russ Martens
Wall Street on Parade

According to Form 4 filed with the Securities and Exchange Commission by corporate insiders, ten of the key executives at the largest bank in the United States, JPMorgan Chase, have dumped more than $150 million in common stock in the bank this year. The sales come as the bank’s stock has been hitting all time highs while the scandals at the bank are also hitting unprecedented levels.

The largest seller by far was the Chairman and CEO of the bank, Jamie Dimon. According to his Form 4, on February 22 of this year, Dimon sold 737,420 shares of the bank’s common stock for $135 million.

The newly promoted Troy Rohrbaugh, who is now Co-CEO of JPMorgan Chase’s Commercial and Investment Bank (CIB), sold 75,000 shares on February 22 of this year for $13.7 million.

Stacey Friedman, General Counsel at the bank, sold 6,030 shares on February 22 for $1.1 million.

Continue Reading at WallStreetOnParade.com…

How the Economy Changed: There’s No Bargains Left Anywhere

by Charles Hugh Smith
Of Two Minds

What changed in the economy is now nobody can afford to get by on working-class wages because there’s no longer any bargains.

The economy has changed in many ways, and it’s difficult to track the glacial movements over decades. One change that few seem to recognize or discuss is the disappearance of bargains: cheap rent, cheap meals at hole-in-the-wall restaurants, cheap transport, cheap travel, cheap services–all gone.

Back in the day, even stupidly expensive cities like San Francisco had working-class districts with cheap rent and cheap eats. One reason the hippie movement arose in San Francisco was the availability of cheap places to rent in what many would dismiss as rundown slums or ghettos. There were plenty of working-class hole-in-the-wall restaurants and cafes that served cheap plates of spaghetti, turkey legs and other affordable fare.

Continue Reading at OfTwoMinds.com…

Nvidia, the WTF Chart of the Year. Tesla also Had WTF Charts of the Year Before Shares Plunged

by Wolf Richter
Wolf Street

Because these price spikes are a state of mind. And when that state of mind changes – see Tesla.

Nvidia is special because the dollars are suddenly so huge – a hair over $2 trillion at the open on Friday, and just a little below $2 trillion at the close. Over the past 12 months, market cap has spiked by $1.46 trillion, including the biggest-ever-for-any-stock one-day spike of $277 billion on Thursday, on exceeding revenue expectations by $2 billion.

There are other charts that look even wilder because these are crazy times, and all kinds of stuff has been spiking and in crazy ways. And Tesla’s chart used to look like this too, before the shares plunged 70% in 2022.

Continue Reading at WolfStreet.com…

This is What the Early Stages of a Severe Recession Look Like

by Michael Snyder
The Economic Collapse Blog

It is definitely starting to look a lot like 2008 and 2009 again. Those years were such a painful time for our country, and in many ways we still haven’t fully recovered from the damage that was inflicted upon us during that era. Unfortunately, so many of the exact same things that we experienced back then are starting to happen in our time. For example, the Great Recession brought us the greatest foreclosure crisis in the history of our nation, and now foreclosures are really starting to spike here in 2024. In fact, the number of new foreclosure filings in the U.S. just jumped 10 percent in a single month…

Home foreclosures are on the up across the US as Americans continue to battle against soaring interest rates and rising costs.

Continue Reading at TheEconomicCollapseBlog.com…

‘Blood Money’: The Secret Chinese Military ‘Disintegration Warfare’ Manifesto to Rip America Apart Using Drugs, Social Chaos, and More

by Kristina Wong
Breitbart.com

Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans, a new book by Breitbart News Senior Contributor Peter Schweizer, reveals how the Chinese government is using drugs, social chaos, and other means to tear apart the social fabric of the United States and wage war against America without firing a shot, as part of a “Disintegration Warfare” strategy outlined in an obscure manifesto.

The book exposes this strategy, which the Chinese military outlined in a 2010 book entitled Disintegration Warfare. The strategy is based on ancient Chinese strategist and general Sun Tzu’s Art of War, a guide on how to subdue an enemy without fighting. Schweizer writes:

Continue Reading at Breitbart.com…

Apparently, Ukraine Isn’t a Democratic State

by Karl Denninger
Market-Ticker.org

Irrespective of the past when it comes to Ukraine (and I’ve said plenty about it, as have others) that’s water under the bridge and this is here and now, which is what I want to focus on.

I will note that even during war involving the United States — including the Civil War in which Lincoln won re-election — America has always held our Presidential and lesser elections, whether some believed the likely outcome was for good or bad. We have never suspended the right of the people to choose whether to continue with who we had and the path we were on or make a change in leadership (and thus presumably policy) even though the President is the Commander in Chief and doing so means the literal head of our military changes with the inauguration.

Continue Reading at Market-Ticker.org…

The Heroic Julian Assange

by Llewellyn H. Rockwell, Jr.
LewRockwell.com

Julian Assange may soon be extradited to the United States, where he will face prosecution that could end in his imprisonment for life. He is in fact a hero, who should be honored rather than punished. American foreign policy is based on the pursuit of global hegemony and to achieve this goal, our “leaders” engage in torture and murder. Assange brought these crimes to public attention through his publication of the “WikiLeaks” documents he got from Bradley Manning. Because of this, the American government, now headed by brain-dead Biden and his gang of neocon controllers, wants to destroy him. In what follows, I’ll explain the facts of the case and why they are important and detail the persecution of Assange.

Chris Hedges outlines what is at stake:

“The nearly 15-year-long persecution of Julian, which has taken a heavy toll on his physical and psychological health, is done in the name of extradition to the U.S. where he would stand trial for allegedly violating 17 counts of the 1917 Espionage Act, with a potential sentence of 170 years.

Continue Reading at LewRockwell.com…

EVs Are a Bust

by Jeffrey Tucker
Daily Reckoning

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.

Every bit of the warnings proved true. Actually, the results have been even worse than critics predicted, simply because the chaos lasted such a long time.

There are seemingly endless iterations of this theme. Learning losses, infrastructure breakages, rampant criminality, vast debt, inflation, lost work ethic, a growing commercial real estate bust, real income losses, political extremism, labor shortages, substance addiction and more much besides all trace to the fateful decision.

Continue Reading at DailyReckoning.com…

State Universities Are Teaching Students to Blow Up Oil Pipelines, Records Show

‘How to Blow Up A Pipeline’ and communism are some of the only required readings in classes at prominent universities

[Ed. Note: As for conservatives… They’re still paying tuition to send their children there… Then, those ‘highly educated’ children still can’t even use “they’re”, “their” and “there” properly in a sentence. Clearly, all of this is worth $80,000/year. Food for thought.]

by Luke Rosiak
Daily Wire

At least sixteen universities are promoting the book “How to Blow Up A Pipeline,” which outlines for readers how to commit eco-terrorism — oftentimes making it required reading, a Daily Wire investigation found.

The book was published in 2021 by Swedish professor Andreas Malm and calls for terrorism and overthrowing capitalism, acknowledging that people will be killed as a result. “Demolish them, burn them, blow them up. Let the capitalists who keep investing in the fire know that their properties will be trashed,” the book says.

Now multiple state-funded universities took classes that were nominally on unrelated topics, and contorted them into courses that read just four books, including the pipeline manifesto and a communist manifesto.

Continue Reading at DailyWire.com…

On Taxes and Economic Freedom, Canadians Have it Worse Than Americans

Liberty to engage in voluntary transactions and keep our wealth varies across North America.

by J.D. Tuccille
Reason.com

It’s late February, a time of year when many Americans contemplate stacks of documents and receipts, dreading the moment when they’ll have to square accounts with government extortionists. That this comes as the state grows increasingly intrusive and coercive adds insult to injury, since we pay the bill for this mistreatment. But it could be worse; we could be Canadian!

Same Inquisition, Different Dollar

“As tax season ramps into high gear in Canada, the average citizen is facing an unholy ream of paperwork so daunting that even the Canada Revenue Agency isn’t entirely sure how it all works,” Tristin Hopper wrote this week for the National Post. “An infamous 2017 Auditor General report found that CRA call centres ‘gave wrong information to callers almost 30 per cent of the time.'”

Continue Reading at Reason.com…

Coming Attractions: Border Violator Immunity From Prosecution?

by Richard J. Douglas
American Thinker

The Biden administration has gone to federal court in Austin, Texas, to prevent the Lone Star State from prosecuting border violators for illegal entry and failure to depart. They have even enlisted a State Department deputy assistant secretary to advocate for Central America and Mexico, instead of Texas.

Overrun by human waves of unlawful migrants and thwarted by the Supreme Court last year in its effort to force federal enforcement of existing law, Texas enacted its own illegal entry law set to take effect on Super Tuesday, March 5, 2024. The law is known as Texas Senate Bill 4, or SB4.

The Biden lawsuit against Texas and SB4 pending in the U.S. District Court sends a stark message to governors, cartels, and their U.S. enablers: border violators are immune from state judicial process. Foreign diplomats never had it so good, and gangs like MS-13, 18th Street, and Venezuela’s Tren de Aragua are surely taking note.

Continue Reading at AmericanThinker.com…

Highway Robbery Continues to Be the Law of the Land

by James Bovard
Mises.org

Seizure fever is toxifying law enforcement across the nation. For more than thirty years, federal, state, and local government agencies have plundered citizens on practically any harebrained accusation or pretext.

You could be at risk of being pilfered by officialdom anytime you sit behind a steering wheel. Between 2001 and 2014, lawmen seized more than $2.5 billion in cash from sixty thousand travelers on the nation’s highways—with no criminal charges in most cases, according to the Washington Post. Federal, state, and local law enforcement have institutionalized shakedowns on the nation’s highways to the point that “forfeiture corridors are the new speed traps,” as Mother Jones observed.

Police can almost always find an excuse to pull someone over. Gerald Arenberg, executive director of the National Association of Chiefs of Police, told me in a 1996 interview, “We have so damn many laws, you can’t drive the streets without breaking the law.”

Continue Reading at Mises.org…