Silver's Hidden Potential: The Path to $50?
As gold breaks records, silver quietly positions itself for a potential breakout. Here’s why some see $50/oz on the horizon.
Month: August 2024
South African Platinum Industry Could Face 'Irreversible Decline'
South Africa’s platinum mining industry is facing a significant downturn due to declining prices, reduced demand, and years of underinvestment. Northam Platinum CEO Paul Dunne predicts a 10% drop in….
Rethinking the 60/40 Strategy: BofA Suggests Commodities as the New Fixed Income
Bank of America strategists are recommending investors consider replacing bonds with commodities in the traditional 60/40 investment strategy. They argue that commodities may offer better returns in a high-inflation environment,….
VP Harris Pledges No Fracking Ban, Emphasizes Clean Energy Progress
Vice President Kamala Harris has firmly stated that she will not ban fracking if elected president, despite her previous support for such a ban in 2019. This shift in stance….
Satellite Imagery Reveals Possible Oil Spill from Houthi-Attacked Tanker in Red Sea
A potential oil spill stretching 2.2 nautical miles has been detected near the Sounion tanker in the Red Sea, following an attack by Houthi rebels earlier this month. The Greek….
Financing Arrangement to Boost Exploration of Gold and Copper Assets
Source: Streetwise Reports 08/29/2024 NevGold Corp. (NAU:TSX.V; NAUFF:OTC; 5E50:FSE) has secured a financing arrangement of up to CA$8 million through a convertible securities agreement with Mercer Street Global Opportunity Fund….
July PCE Data Reinforces Powell's Stance on Potential Rate Cuts
The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 0.2% in July and 2.5% year-over-year, slightly below expectations. Core PCE, which excludes volatile food and….
Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35%
The average rate on a 30-year mortgage has decreased to 6.35%, its lowest level in over a year, providing some relief for potential homebuyers facing high housing prices. This decline,….
Is a Rerating for Junior Miners on the Horizon?
Source: Michael Ballanger 08/28/2024 Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market, and shares why he believes a re-rating is on the….