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Demographic Shift Impacting Gold Miner Valuations Explains Mining Sector Expert Brian Christie

from Mining Stock Education

“There has been a bit of a demographic shift. Guys my age are retiring, and they are not putting a lot of their money to risk as much anymore. Even the flow-through market here…there used to be a lot of doctors, dentists, lawyers that would typically put money in flow-through funds to get the tax advantage. The Canadian government has changed some of those rules and made it a lot harder. So, I think that is part of the disconnect [between the gold price and gold miners’ valuations],” says mining sector expert Brian Christie. Listen to this MSE interview for more insights from Mr. Christie.

Brian Christie has vast mining sector experience. He began his career as a geologist and saw two mineral discoveries first-hand. Then he traveled the world as a journalist for The Northern Miner. Brian next served as a mining equity analyst for nearly two decades before leading the investor relations team at Agnico Eagle, a leading gold producer. Currently, Brian is on the board of directors for Wallbridge Mining and, since May 2023, is the chairman of Fury Gold Mines (MSE sponsor).

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Dollars and Sense: Shield Your Wallet From Inflation’s Bite with Mindy McIntosh

from Kerry Lutz's Financial Survival Network

Kerry and Mindy McIntosh discussed the implications of the 1.6% annual GDP growth in the first quarter, including the potential effects of rate cuts on mortgage interest rates and CD rates. They also highlighted the importance of consumers having a well-diversified financial plan to combat the erosion of purchasing power due to inflation. The discussion also touched on concerns about the sustainability of the current economic path and the need for a wake-up call to pull back from the brink. In a separate discussion, they talked about the long-term implications of AI on the economy, emphasizing the need for thoughtful investment strategies and caution against knee-jerk reactions. They also discussed the potential impact of AI on personal interactions and communities, while highlighting the importance of maintaining a balance between technological advancements and human-driven experiences.

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Inflation & Fed Rate Cuts Market Outlook for S&P, Dollar, Gold, & Silver with Jim Welsh

from Kerry Lutz's Financial Survival Network

Kerry and Jim Welsh discussed the recent inflation surge and its potential impact on the anticipated Fed rate cuts. They highlighted concerns about the challenges in achieving the inflation target and the potential limitations of traditional monetary and fiscal policies. The conversation also touched on the historical evolution of Fed policy and its potential implications for future economic growth and unemployment rates. Jim Welsh presented a thorough analysis of the market, addressing the potential consequences of social security and deficit spending on treasury bonds and the bond market. He predicted a new secular bear market in the bond market, signaling a shift in market trends. Welsh also anticipated slower economic growth with higher treasury yields, providing insights into TLT, GDP, the yield curve, the dollar, and gold.

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The Fed’s Game of “Make Believe” Comes to an End

by James Hickman
Schiff Sovereign

It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed.

At the time, I wrote that the bank failures weren’t over, and that there would be more.

But it’s been quiet for most of the last year; the banking system has been pretty calm thanks in large part to an emergency program that the Federal Reserve created to bail out other troubled banks.

They called it the Bank Term Funding Program (BTFP), and it essentially expired a few weeks ago. In other words, no more emergency lending to troubled banks.

Continue Reading at SchiffSovereign.com…

China and the U.S.: What Matters That’s Overlooked

by Charles Hugh Smith
Of Two Minds

Parsing geopolitics is fun but our attention is better directed to the limits and second-order effects of legacy systems in each of the rival states.

Geopolitics, like any conflict, is dramatic: rivals jostle for hegemony on a 3-D chessboard, war threatens, etc. The focus of this drama is on the leaders’ calculations and the pieces being moved around the board in the complex battle for hearts, minds, resources and the high ground.

This is the conventional context of history, and so accounts of the rivalry between the Roman Empire and the Persian Empire read like contemporary accounts of the rivalry between China and the U.S.: the actors and scenery changes, but the dramatic plot remains the same.

Continue Reading at OfTwoMinds.com…

Let’s Cheer the Deep State

by Jeffrey Tucker
Daily Reckoning

They’re wearing us down with shocking headlines and opinions. They come daily these days, with increasingly implausible claims that leave your jaw on the floor.

The rest of the text is perfunctory. The headline is the takeaway.

A few weeks ago, The New York Times told us that “As It Turns out, the Deep State Is Pretty Awesome.”

These are the same people who claim that Trump is trying to get rid of democracy. The deep state is the opposite of democracy, unelected and unaccountable in every way, impervious to elections and the will of the people. Now we have the NYT celebrating this.

Continue Reading at DailyReckoning.com…

Blinken: Awkward Diplomacy or Intentionally Harming U.S. Interests?

The US has lost its diplomatic clout and is making demands that are so lopsided and historically ungrounded that they come off as petulant and childlike. But Antony Blinken apparently lacks the necessary perspective and context to know that. He’s an embarrassment. Or he’s doing a bang-up job of intentionally destroying America. One or the other.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

On April 27th, the US’s Antony Blinken wrapped up a three-day trip to China. He was soundly snubbed by China’s leadership, treated as if he were a third-rate diplomat from a backwater country.

Which he kind of is.

No red carpet at the airport, hostile “talks” where he made ridiculous demands of China that were promptly ignored on the spot, and then sent home with nothing more to show for it al besides perhaps the most awkward photo op picture in recent diplomatic history.

As Xi recently said, “The East is rising, the West is declining.”

Continue Reading at PeakProsperity.com…

The First Bank Failure of 2024 Leaves a 1-Cent Stock for Investors and $667 Million in Losses for the FDIC

by Pam Martens and Russ Martens
Wall Street on Parade

Quietly on Friday, the FDIC announced the first federally-insured bank failure of 2024, the publicly-traded Republic First Bancorp (ticker FRBK) which did business as Republic Bank. In an unsettling sign of the times, this federally-insured bank was trading at 1-cent on Friday; down from 27-1/2 cents last September when we first reported on its dire condition.

Do Americans really want to see a bank that’s holding their life savings to be trading as a penny stock?

Yes, it’s true that no depositor has lost a penny in a federally-insured bank since the creation of federal deposit insurance in 1933 if they remained under the federal insurance cap on deposits. Currently, that insurance cap is $250,000 per depositor, per bank. But still, public confidence in the safety and soundness of the U.S. banking system would suggest that the phrases penny stock and bank deposit are not a good combination.

Continue Reading at WallStreetOnParade.com…

Jamaal Bowman ‘Fully’ in Favor of Resettling Gaza Migrants in U.S.

by Elizabeth Weibel
Breitbart.com

Rep. Jamaal Bowman (D-NY) expressed his full “support” for the United States to “bring in” Palestinian refugees from Gaza.

During an interview with a reporter from Yonkers Voice, Bowman said the U.S. is a “land of immigrants” and “asylum seekers” that has always opened its “doors to immigrants,” saying, “[I] fully support that,” in response to a question regarding the U.S. opening its doors to migrants from Gaza.

“Should the United States bring in people from Gaza?” the reporter asked Bowman.

“We are a land of migrants, and we are a land of asylum seekers — anyone escaping persecution and oppression and violence — the United States has always been an open home to those people,” Bowman answered:

Continue Reading at Breitbart.com…

Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz

by Wolf Richter
Wolf Street

Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz

Rental car operator Hertz Global Holdings has had a nasty time in the stock market since it emerged from bankruptcy (filed Chapter 11 in May 2020, emerged on June 30, 2021). The new stock closed on the first day of trading at $26.99, then wobbled lower until the meme-stock crowd briefly fancied it again, and it spiked to $35 by November 2021. And then everything came apart.

Shares collapsed further last week, after the company booked a quarterly loss of $561 million before taxes, on soaring maintenance costs, soaring collision-damage repair costs, and plunging prices of used vehicles that crushed residual values of ICE vehicles and EVs in its fleet, leading to a mark-to-market write-down and much faster depreciation.

Continue Reading at WolfStreet.com…

Where Do Libertarians Stand On the Campus Wars?

Plus: A listener asks the editors about the magical thinking behind the economic ideas of Modern Monetary Theory.

by Matt Welch, Katherine Mangu-ward, Nick Gillespie, and Peter Suderman
Reason.com

In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman assess the spate of anti-Israel campus protests at universities across the country, followed by another look at the trials of both Harvey Weinstein and Donald Trump in New York.

00:37—Campus protests across the country

31:35—Weekly Listener Question

38:01—Harvey Weinstein rape conviction overturned in New York

Click Here to Listen to the Audio

Continue Reading at Reason.com…

Mining Share Breakout or Fakeout?

by Craig Hemke
Sprott Money

The mining shares have seen a string rally over the past few months as precious metal prices have risen. Could the sector be poised to make further gains and accelerate from here? Let’s discuss that today.

But first, let’s remember the essentials. Only physical precious metal can protect you from the monetary madness at The End of The Great Keynesian Experiment. I’ve been consistently stacking gold and silver since 2009 and almost all of my work has been dedicated to the precious metals in the fifteen years since.

However, I also own some mining shares and I’m sure that probably do, too. If you can time them correctly, the mining shares can provide leverage to the metal price and they can allow you to generate some decent trading profits. If you can time them correctly. That’s the challenge.

Continue Reading at SprottMoney.com…

‘Anti-White’ Scottish Leader Resigns in Disgrace

He was openly racist toward 96% of the country and tried to outlaw free speech

by Steve Watson
Modernity News

Humza Yousaf, the Scottish First Minister who infamously went on a tirade against white people in parliament and then oversaw the passing of extreme ‘hate crime’ laws in the country has been forced to resign.

Yousaf’s announcement came after it became clear that he was not going to survive two confidence votes, one in him and another in his SNP government, tabled in the Scottish Parliament by opposition parties.

Yousaf had ended a power sharing deal with the Green Party, and it became evident that he would not be able to secure enough support to lead a new minority government.

That is because he pushed radical gender ideology and oversaw the passage into law of the most draconian ‘hate crime’ legislation in history.

Continue Reading at Modernity.News…

Gold, U.S. Dollar and Mining Stocks

from King World News

Here is an important look at the US dollar, gold, and mining stocks.

US Dollar’s Resilient Showcase

April 29 (King World News) – Naveen Nair at Citibank: The dollar looks very resilient, reversing a dip through most of last week to retest resistance at 106-106.5 (Nov 10 high, 2024 high) into the weekly close. On top of that, weekly slow stochastics remains in overbought territory and still has not crossed lower, suggesting momentum has yet to wane.

Continue Reading at KingWorldNews.com…

The Economic Rollercoaster: Government Spending, Debt, and Inflation with Brad Williams

from Kerry Lutz's Financial Survival Network

Kerry and financial expert Brad Williams discussed the current economic climate and its potential impact on individuals’ financial well-being. They explored the signs of a looming recession, the hidden effects of inflation on consumer behavior, and the growing interest in alternative investments such as gold and Bitcoin. The conversation also highlighted the risks associated with government spending and monetary policies, emphasizing the need for a balanced and diversified financial approach, particularly for retirees. The speakers also discussed the importance of fiscal responsibility, political decisions on the economy, and the need for informed voting. They concluded by reminding attendees to sign up for a free newsletter and providing contact information for financial advice.

Click Here to Listen to the Audio

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Insane vs Sane – Demonic vs Divine – Catherine Austin Fitts

by Greg Hunter
USA Watchdog

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), has long said, “The federal government is being run as a criminal enterprise. . . .not just a little criminal, but a lot criminal.” Now, CAF contends what is going on in America is much more than greedy criminals. CAF says, “This has turned into warfare against “We the People” on a spiritual level.”

CAF goes on to point out, “There is so much effort in persuading people to think there is nothing you can do, and it’s hopeless. Let me tell you something . . . the central bankers are telling you what they are going to do, and this is not far away in the future. You have all these merchant codes where you cannot use your credit card to buy a gun or the bank throws you out. That’s the control grid getting built.”

What can you do to fight for freedom? CAF says, “Bring transparency, and the second thing is to use cash. If we can all use cash, build cash back up and keep checks going, if you have cash and checks, they cannot go to an all-digital financial system.

Continue Reading at USAWatchdog.com…

Money Market Funds, T-Bills, Large CDs, Small CDs: Americans Learn to Arbitrage the Higher-for-Longer Interest Rates

by Wolf Richter
Wolf Street

There’s no need to still pay a “loyalty tax” to the banks.

It’s sort of an anniversary: Treasury bills of three months or shorter have been selling at auction with yields over 5% since mid-April 2023. And since mid-May 2023, they have been selling with yields in the 5.2% to 5.6% range. Money market funds and CDs followed. These were finally reasonable returns, up from the ridiculous near-0% that had been in effect until January 2022.

Yields on low-risk short-term investments have come a long way since March 2022, when the Fed’s rate hikes started, and they have stayed over 5% for a year, and it looks like they’re going to stay there for longer, as Rate-Cut Mania has been obviated by resurging inflation.

Continue Reading at WolfStreet.com…