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Looks Like Late-Night Heading for Tequila Sunrise
MMGYS Labor Day Weekend Special
Eagles - Tequila Sunrise (Live From Melbourne)
Late-Night Labor Day Storytime
MMGYS Labor Day Weekend Special
EnJoy
Working Late-Night for the Weekend
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$1.5 Trillion in Debt About to Enter Delinquency – The Financial Crisis No One Expected!
MMGYS Labor Day Weekend Special
Got my salt and tequila all ready Steven
Make us some money 🤑
Oh I'm Sorry Wrong Labor Day
MMGYS Labor Day Weekend Special
But thats OK we're having a Blast with this one
World's Biggest Wireless Mine Blast
Mining Gone Wrong | Fails Compilation
MMGYS Labor Day Weekend Special
*Amazing Ways Technology Makes Mining Operations Safer
The internet of things (IoT), robotics, artificial intelligence (AI) and other technologies enable smart mining operations with far more visibility into hazards and control over their impact.
https://thebossmagazine.com/ways-technology-makes-mining-operations-safer/
*Mine Safety and Health Administration
https://www.msha.gov/
*Mining Gone Wrong | Fails Compilation
Statement by Secretary Xavier Becerra on Labor Day
MMGYS Labor Day Weekend Special
Today, U.S. Department of Health and Human Services (HHS) Secretary Xavier Becerra released the following statement ahead of Labor Day:
"America recognized its first Labor Day in the late 19th century, when a group of industrial workers in New York joined in common purpose to celebrate their contributions to our country. Since then, work conditions have improved to better facilitate workers returning home at the end of each day safe and healthy. Workers have greater access to affordable, quality health care and the peace of mind that comes with it. The largest public health insurance programs in the United States, Medicare and Medicaid, which were initiated through the engagement of organized labor, help millions of Americans live longer, healthier lives and achieve economic security.
On Monday, our nation will honor the sacrifices that America’s workers have made to grow and sustain our nation’s health and well-being. We will also celebrate the contributions that workers make to our daily lives, including the millions of individuals who are employed across the health and human services sector.
Doctors, nurses, direct care workers, lab technicians, community health care providers. mental health counselors, and others work tirelessly to ensure all Americans can live healthier lives. Many of these critical roles require demanding physical work and long hours. Health workers are often put in dangerous and sensitive situations, where they risk their own health to provide care for those in need. Sometimes, the greatest threats to health workers are ones we cannot see, such as the stress that can negatively impact their mental and physical heath.
A well-trained, well-equipped, and supported workforce is essential to ensuring equitable access to public health services and health care in this nation. President Biden and Vice President Harris have made the recruitment, training, and support of health workers a priority. This year, HHS has taken action to improve work conditions for long-term care workers, expanded the number of mental health counselors in schools, and grew and supported the primary care workforce. We have provided scholarships and loan repayment assistance for more than 20,000 clinicians in return for serving in underserved and rural communities.
The Biden-Harris Administration is also committed to strengthening and supporting the human services workforce, who have shown tremendous resiliency in their service to the American people. We have worked to improve the recruitment and retention of a diverse and qualified workforce across early care and education programs, child welfare, and other people-serving systems. These are the people who get up every day and do the hard work to support American families during their time of need. That’s why we have pushed to raise wages, bolster mental health supports, and foster security and stability.
Health and human services workers deserve our appreciation and praise. On Labor Day, let’s celebrate and thank these workers for their ongoing commitment to improving the health and well-being of all Americans."
*https://www.hhs.gov/about/news/2024/08/30/statement-by-secretary-xavier-becerra-on-labor-day.html
*Procol Harum - A Whiter Shade of Pale, live in Denmark 2006
Late-Night with Linda Ronstadt
MMGYS Labor Day Weekend Special
In honor of "the cork"
Linda Ronstadt - Por Un Amor
Linda Ronstadt - El Crucifijo de Piedra - Yo soy El Corrido
Late-Night El Condor Pasa
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""The only way to do great work is to love what you do." - Steve Jobs
"Hard work beats talent when talent doesn't work hard." - Tim Notke
"Choose a job you love, and you will never have to work a day in your life." - Confucius
"The miracle is not that we do this work, but that we are happy to do it." - Mother Teresa
*Leo Rojas - El Condor Pasa
*https://sendwishonline.com/en/articles/labor-day-messages-wishes-and-quotes
Late-Night with Lily
MMGYS Labor Day Weekend Special
*Candy Dulfer & David A. Stewart - Lily Was Here
Coffee Countdown to Late-Night
MMGYS Labor Day Weekend Special
It's the coffee hehe
I feel like I'm 25 years old
Welcome to Late-Night
Let Me Roll It ......
MMGYS Labor Day Weekend Special
Good evening everyone so glad you're enjoying the weekend with us.
I just want to say Thank You and feel free to post and share.
take it away Paul you're doing good
“My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.” — Maya Angelou
“Today I will do what other’s won’t, so tomorrow I will do what others can’t.” — Jerry Rice
“Start where you are. Use what you have. Do what you can.” — Arthur Ashe
“Today’s accomplishments were yesterday’s impossibilities.” — Robert Schuller
“Either you run the day or the day runs you.” — Jim Rohn
“The road to success is always under construction.” — Lily Tomlin
“Sometimes, the most productive thing that you can do is to step outside and do nothing ... relax and enjoy nature.” — Melanie Charlene
“I never dreamed about success. I worked for it.” — Estée Lauder
“Success is often achieved by those who don’t know that failure is inevitable.” — Coco Chanel
“A dream doesn’t become reality through magic; it takes sweat, determination and hard work.” — Colin Powell
“Hard work beats talent when talent doesn’t work hard.” — Tim Notke
“Without hard work, nothing grows but weeds.” — Gordon B. Hinckley
“If you care about what you do and work hard at it, there isn’t anything you can’t do if you want to.” — Jim Henson
“Some people want it to happen, some wish it would happen, others make it happen.” — Michael Jordan
“Great things come from hard work and perseverance. No excuses.” — Kobe Bryant
*Let Me Roll It ~ Paul McCartney. [HQ]
*https://www.today.com/life/holidays/labor-day-quotes-rcna37122
MMGYS Labor Day Magical Mystery Tour
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Climbing To The Mine That Changed Cars Forever
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Inside the Bank of England's gold vaults
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Gold: A Journey with Idris Elba is a documentary film exploring the varied and often surprising ways in which gold has transformed our world.
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MMGYS Labor Day Weekend Show
Late--Night Labor Day Paradise
By The Dashboard Light
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*Meat Loaf - Paradise By The Dashboard Light
Eileens Late-Night Labor Day Weekend
MMGYS Labor Day Weekend Show
Welcome to the Morning session hope you're enjoying
*Sugarland and Sara Bareilles cover "Come On Eileen"
Saturday High Volume Leaders Twist
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Down At The Twist And Shout
MMGYS Labor Day Weekend Show
Good Morning
MARKET ACTIVITY
TSX +118.69 (0.51%) 23,346.18
TSX Venture -0.01 (.00%) 567.91
ASX 200 +46.80 (0.58%) 8,091.90
S&P 500 +56.44 (1.01%) 5,648.40
BMO Junior Gold Index -0.32 (0.36%) 89.23
VanEck Jr Miners -0.43 (0.93%) 45.97
Sprott Junior Miners -0.08 (0.23%) 34.76
COMMODITY PRICES
Gold (US$/oz) -24.30 (0.95%) 2,536.00
Silver (US$/oz) -0.74 (2.48%) 29.25
Copper (US$/lb) 0.00 (-0.08%) 4.22
Platinum (US$/oz) -15.00 (1.59%) 931.20
Palladium (US$/oz) -14.10 (1.44%) 962.00
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Majestic Gold 7,256,280 $0.08
Uranium Energy 4,915,706 $5.23
Kinross Gold 4,888,758 $12.18
B2Gold 4,002,451 $3.79
Ivanhoe Mines 3,945,785 $17.97
Aris Mining 3,906,861 $6.11
Calibre Mining 2,783,578 $2.28
First Quantum Minerals 2,712,203 $16.97
Osisko Mining 2,657,313 $4.81
Sigma Lithium 2,568,166 $10.65
Lundin Mining 2,504,160 $13.98
Capstone Copper 2,410,298 $9.67
Denison Mines 2,227,177 $2.23
Sandstorm Gold Royalties 2,029,544 $7.88
Hudbay Minerals 1,982,573 $11.00
*Mary Chapin Carpenter - Down At The Twist And Shout
Manipulated markets controlling conservatives Feat. Bill Holter - LFTV Ep 188
Aug 30, 2024
In this week’s episode of Live from the Vault, Andrew Maguire and former stockbroker, branch manager and GATA contributor Bill Holter dive into the upcoming BRICS gold-backed currency: The Unit.
The precious metals experts share views on the current geopolitical climate and the rising threat of war, discussing how gold and silver markets have been manipulated to control the behaviours of certain groups.
MMGYS Labor Day Weekend Show
Awesome Earth-movers, Dangerous Mining Blast Process - The Working Safety With High Level
MMGYS Labor Day Weekend Show
good evening
Copperline ---------------
MMGYS Labor Day Weekend Show
Latest permit for Hudbay project in Arizona paves way for major US copper boost
Henry Lazenby - The Northern Miner | August 30, 2024 | 2:06 pm News USA Copper
Hudbay, unions reach deal for copper project in Arizona
The Copper World complex is expected to meet the growing copper demand in the US. (Image courtesy of Hudbay Minerals.)
Hudbay Minerals (TSX: HBM; NYSE: HBM) now has in hand the second-last permit it needs to start construction at its 85,000-tonne-per year Copper World project in Arizona.
The permit granted on Thursday advances Copper World, Hudbay’s main development project with forecast output of 85,000-tonnes-copper-per-year. It could boost Hudbay’s yearly copper output by over 50% to around 250,000 tonnes starting in 2029, contingent on a construction decision by 2026, other permits, financing and building
“Receiving the aquifer protection permit is a significant de-risking event for Copper World as it brings us one step closer to being fully permitted,” CEO Peter Kukielski said in a news release.
The company’s next target is securing an air quality permit, which Kukielski notes is progressing as planned with completion expected by the end of the year. Hudbay plans to complete a definitive feasibility study in 2025, but not before considering a 25-30%-stake joint venture partner. The partner would assist in funding the feasibility study and contribute to the project’s design and construction.
Smoother sailing
Haywood Capital Markets mining analyst Pierre Vaillancourt is bullish on the stock. It’s a good time to buy Hudbay ahead of Copper World milestones, dovetailing into expected smoother sailing operationally elsewhere in the company’s portfolio for this year’s second half, he said in a note on Friday.
Although Friday’s price of C$10.96 is up 50% year-to-date (63% year-on-year), it is down 23% since May. That reflects a weaker second quarter and a softer copper price, according to Vaillancourt. Shares have touched C$5.46 and C$14.33 over the past 12 months, with a market capitalization of C$4.3 billion.
“However, we continue to like Hudbay based on free cash flow growth, strong gold production to complement copper, and attractive valuation relative to peers,” he said. The company’s strong balance sheet, with $524 million in cash following the equity financing on May 21 for $350 million at $9.50 per share, underpins his reasoning.
Rosemont blocked
Copper World is an alternative to Hudbay’s stalled Rosemont project next door. It has faced legal and environmental challenges, notably a 2019 federal court ruling that blocked its development due to concerns over its potential impact on federal lands and local water resources. Copper World, by contrast, is being developed mainly on private land, which allows it to proceed under state and local permits, bypassing the federal hurdles that impeded Rosemont.
Hudbay forecasts Copper World, with a mine life of over 20 years, to be a key contributor to the U.S. domestic supply chain. The project also holds the potential to create a significant economic impact in Arizona, with the company estimating more than $850 million in U.S. taxes over the mine’s life, along with over 400 direct jobs and up to 3,000 indirect jobs.
Copper World is set to be a major player in the U.S. copper supply, producing “made-in-America” copper cathodes exclusively for domestic customers, according to Kukielski.
A September updated prefeasibility study for the first stage of Copper World improved economics and extended the mine life compared with a June 2022 preliminary economic assessment. The new study pegs the project’s after-tax net present value at $1.1 billion with an 8% discount rate and an internal rate of return of 19%, based on a copper price of $3.75 per pound.
*https://www.mining.com/latest-permit-for-hudbay-project-in-arizona-paves-way-for-major-us-copper-boost/
*Copperline - James Taylor
Stefan Gleason: Holding gold yields better returns than mining for it
Submitted by admin on Thu, 2024-08-29 13:39 Section: Daily Dispatches
By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, August 29, 2024
With spot gold prices at record highs, investors might expect that shares of precious metals mining companies are also trading at record highs.
By and large, that is not the case.
Mining stocks, as represented by the HUI Gold BUGS Index, are still under water by more than 40% compared to their 2011 highs. And that's despite being pulled up significantly this year by soaring gold and silver prices.
There are a variety of reasons why most mining shares have lagged the metals. First and foremost, mining is a tough business that is fraught with risks. Even when the value of a mine's end product goes up, the costs of getting it out of the ground can go up even faster.
During periods when market prices for metals fall below a mining company's all-in sustaining costs, it may choose to sell at a loss. That's because it would be impractical for a mine to lay off all its workers and let its expensive equipment sit idle while waiting for market conditions to improve.
But there is another option available to precious metals mining companies during times when their product is being undervalued.
If the CEOs of companies that have "gold" (or "silver") in their name truly believe in their product -- which is money itself -- then why don't they hold some of it on their books as a reserve asset instead of immediately exchanging it for dollars regardless of prevailing price? ...
... For the remainder of the commentary:
https://www.moneymetals.com/news/2024/08/29/holding-gold-mining-003421
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*https://www.gata.org/node/23345
*Autonomy. It's a Big Deal.
A day in the life of a coal miner
MMGYS Labor Day Weekend
Hope you're enjoying feel free to join in IHUB made it easy to post a video just post the link.
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*John Denver - Take Me Home, Country Roads (from The Wildlife Concert)
*A day in the life of a coal miner
Turn to Stone or Stones to Turn
MMGYS Labor Day Weekend Kick off
Join us all weekend long for a rocking good time as we celebrate Mining Music Labor and Love 😍
MARKET MOVERS
COMPANY CHANGE LAST TRADE
Newmont 0.46 0.86 $53.64
Nova Minerals 0.30 4.76 $6.60
Triple Flag Precious Metals 0.25 1.14 $22.24
Ero Copper 0.23 0.84 $27.51
enCore Energy 0.23 4.93 $4.90
Hudbay Minerals 0.20 1.89 $10.76
Cameco 0.20 0.37 $54.48
First Quantum Minerals 0.19 1.15 $16.70
Freeport-McMoRan 0.18 0.41 $44.01
Capstone Copper 0.16 1.73 $9.43
Ivanhoe Electric 0.16 1.69 $9.61
Contango ORE 0.14 0.65 $21.74
Piedmont Lithium 0.12 1.44 $8.45
Gatos Silver 0.12 0.72 $16.69
Ivanhoe Mines 0.11 0.62 $17.98
“The Stars Are Lining Up for Junior Gold Stocks” says Pro Investor David Erfle
Aug 27, 2024 #goldprice #goldstocks #miningstocks
“The Stars Are Lining Up for Junior Gold Stocks” says Pro Investor David Erfle in this MSE episode. He points out that gold is now beating inflation causing the producer’s margins to expand. David explains that the gold-silver ratio needs to trend below 80 and gold stocks and gold price need to decouple from the stock market in order for the junior gold stocks to begin to rise. He also shares why seven out of ten of his investments will probably fail in this risky sector.
Jamie Dimon’s Washington Post OpEd Gets Pummeled at Yahoo Finance
By Pam Martens and Russ Martens: August 27, 2024 ~
The P.R. genius at JPMorgan Chase that thought it would be a good idea to have Jamie Dimon lecture the next president of the United States on how to run the country in an OpEd (paywall) at the Washington Post will likely be seeking a career change soon.
Dimon is the Chairman and CEO of the largest and riskiest bank in the United States. Under Dimon’s tenure, the bank has racked up five felony counts which showcase Dimon as the worst possible source of sound leadership advice. In 2014, the bank was charged with laundering money for decades for the biggest Ponzi artist in U.S. history – Bernie Madoff. In 2015, the bank was charged with being part of a bank cartel that rigged foreign currency markets. And in 2020, the bank was charged with two more felony counts for engaging in “tens of thousands of instances of unlawful trading in gold, silver, platinum, and palladium…as well as thousands of instances of unlawful trading in U.S. Treasury futures contracts and in U.S. Treasury notes and bonds…”
Not to put too fine a point on it, but U.S. Treasury notes and bonds are how our government pays its debts. Apparently, nothing is sacred at Dimon’s bank.
The bank admitted to all five felony counts and paid large fines in order to get off easy with deferred prosecution agreements from the U.S. Department of Justice.
Last year, Dimon’s bank spent the better part of the year fending off two lawsuits that charged it in federal court in Manhattan with facilitating Jeffrey Epstein’s sex trafficking of underage girls for more than a decade. One lawsuit was filed by the Attorney General of the U.S. Virgin Islands where Epstein maintained a private island compound; the other lawsuit was initiated by Epstein’s victims.
The U.S. Virgin Islands Attorney General wrote in one filing:
“Even if participation requires active engagement…there is no genuine dispute that JPMorgan actively participated in Epstein’s sex-trafficking venture from 2006 until 2019. The Court found allegations that the Bank allowed Epstein to use its accounts to send dozens of payments to then-known co-conspirators [redacted] provided excessive and unusual amounts of cash to Epstein; and structured cash withdrawals so that those withdrawals would not appear suspicious ‘went well beyond merely providing their usual [banking] services to Jeffrey Epstein and his affiliated entities’ and were sufficient to allege active engagement.”
As is typical, JPMorgan Chase paid $290 million to settle the case brought by victims and $75 million to settle the U.S. Virgins Islands case.
Why the bank has not been criminally charged by the U.S. Department of Justice with laundering money for a sex trafficker of children is something that the Washington Post’s Editorial Board might want to address in an editorial rather than providing an opinion platform for a serial crime boss. (See a broader look at JPMorgan Chase’s rap sheet here.)
Rick Newman, a Senior Columnist at Yahoo Finance, had some choice words for Dimon’s views in the OpEd. (Click on the video at the top of the related article here.) Newman says this in the video:
“I think the Washington Post got the headline wrong on this story. I think the headline should be ‘Bromides from a Billionaire.’ I think this is Jamie Dimon’s weakest take in memory. It’s like the JPMorgan P.R. department got their weakest writer and said, hey, string together some platitudes — Jamie Dimon needs another byline.”
Below the video is an article describing how JPMorgan Chase, with Dimon at the helm, has decided it’s no longer going to sit back willingly and be regulated by federal banking regulators. If it doesn’t like the regulations, it’s going to sue its federal regulators in court. (Seriously – you can’t make this stuff up.) See our January report: Jamie Dimon Hires Dodd-Frank Hatchet Man to Weigh Suing the Fed Over Proposed Capital Rules.
Below the article, as of this morning, are 921 comments – a significant portion of which are skewering the Wall Street megabanks.
A commenter using the name “Dave” writes this:
“The banking and securities industries need more oversight not less. They don’t want to adhere to laws and regulations? Pull their FDIC backing and see how quickly the bank collapses.”
“PK” writes:
“When banks testify on their behalf, they have zero concern for the consumer. Their concern is how regulation will adversely impact the stock price, which is their sole measurement for performance and income. They sit there together – basically a collaborative monopoly – to protect their incomes.”
“Cat on the Wall” offers this:
“Because they know the Supreme Court is in their pocket. But make no mistake, Jamie Dimon will be the first in line with his hands out to the government if his TBTF bank crashes in the next recession.”
For how Jamie Dimon’s bailouts work in the real world, see: Nomura, JPMorgan and Goldman Sachs Received a Cumulative $8 Trillion from the Fed’s Emergency Repo Loans in Fourth Quarter of 2019; and this: Despite Its Five Felony Counts, the Federal Reserve Has Entrusted $2 Trillion in Bonds to JPMorgan Chase.
One of the craziest things that Dimon writes in that Washington Post OpEd is this:
“The private sector has huge wells of expertise and produces 85 percent of our nation’s jobs. It should have a seat at the table.”
Is it possible that Dimon has been so consumed with defending his bank against criminal charges that he doesn’t realize that every Executive Branch cabinet post that has anything to do with money has gone largely to a particular “private sector” representative – Wall Street.
For just how preposterous Dimon’s assertion is that the private sector is not getting a seat at the table in government, see our 2020 article: Goldman Sachs: The Vampire Squid’s Alum Control Two Fed Banks, the U.S. Treasury, the European Central Bank and the Bank of England.
The head of the Federal Reserve is Jerome Powell. He got rich at the Carlyle Group, a vulture fund with a shady history.
Donald Trump, as President, came directly from the real estate private sector and proceeded to pack his federal agencies with private sector guys from the very industry that the agency regulated. American Prospect has put up an interactive graph of the unprecedented corruption that followed.
For just how much control Wall Street has had of the U.S. Treasury, there is the famous video in Michael Moore’s movie, “Capitalism: A Love Story,” where Treasury Secretary Donald Regan whispers in President Ronald Reagan’s ear while he is delivering a speech and barks at him to “speed it up” — like President Reagan is merely an actor on the payroll of the real money men in charge. Notice that President Reagan doesn’t seem surprised or annoyed but acts as if he is accustomed to taking orders from this man.
Donald Regan had been the Chairman and CEO of Merrill Lynch, the largest Wall Street brokerage firm in terms of stockbroker headcount throughout much of the last century.
Industrialist and banking titan, Andrew Mellon, had such a grip on the cabinet post of U.S. Treasury Secretary that he sat in the chair from 1921 to 1932, under three Republican Presidents – Warren Harding, Calvin Coolidge and Herbert Hoover. Mellon was at the helm during the Wall Street boom years of the 1920s and the devastating bust that came in 1929 to 1932, ushering in the Great Depression.
Andrew Mellon’s grandson, Timothy Mellon, heir to the family’s banking fortune, has pumped $125 million in this election cycle into the Super PAC supporting Donald Trump, Make America Great Again, Inc.
https://wallstreetonparade.com/2024/08/jamie-dimons-washington-post-oped-gets-pummeled-at-yahoo-finance/
Alice Cooper - (Intro) - Poison
Oil Prices Rock the Casbah
Oil Prices Soar as Geopolitical Risk Rises Rapidly
By Josh Owens - Aug 26, 2024, 6:43 AM CDT
Oil prices are rising rapidly on Monday morning as global supply is threatened by geopolitical uncertainty.
Israel and Hezbollah traded strikes on Sunday in the biggest military exchange between the two since 2006.
Meanwhile, Russia launched a major missile and drone attack across Ukraine while Libya's government in Benghazi halted oil production.
oil prices
Oil prices spiked dramatically on Monday morning, with Brent breaking above $81 and WTI rising toward $77.
While hopes of an interest rate cut had already boosted bullish sentiment in markets, it is geopolitics and supply risks that sent prices soaring on Monday morning.
A combination of Israel launching strikes against Hezbollah in Lebanon, Russia launching a major missile and drone attack on Ukraine, and the Libyan government in Benghazi declaring force majeure on all oil facilities drove oil prices up dramatically.
All three of these events are developing stories, but here’s what we know so far:
Israel and Hezbollah Exchange Fire in Major Escalation[/color]
[color=red]
Russia Targets Ukrainian Energy Infrastructure in Huge Missile and Drone Attack[/color]
On Sunday night and early on Monday morning, Russia launched a coordinated missile and drone attack on cities and critical infrastructure across Ukraine.
President Zelensky claimed that over 100 missiles and roughly 100 attack drones were launched by Russia overnight.
Russia says it was aiming to hit critical infrastructure in the country, succeeding in causing power outages and disruptions to water supplies.
Explosions have been reported in Kyiv and other Ukrainian cities.
Libya’s Eastern Government to Halt Oil Production and Exports
On Monday morning, Libya’s government in Benghazi said that the country’s oilfields were closing down and all production and exports would stop.
While the government is not internationally recognized, it does control most of the country’s oilfields.
Tensions have been rising in Libya in recent weeks, with attempts to oust the head of the Central Bank of Libya resulting in the mobilization of armed factions of either side.
The combination of these three events has only added to bullish sentiment, and will likely drive another volatile week for oil prices as these stories develop.
By Josh Owens for Oilprice.com
https://oilprice.com/Energy/Energy-General/Oil-Prices-Soar-as-Geopolitical-Risk-Rises-Rapidly.html
The Clash - Rock the Casbah (Official Video)
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Steven Van Meters Big Sunday Show
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The US Dollar Collapse Is Imminent – Do This on Monday!
The Most Found Lost Mine
Is it just me friends or do these Lost Dutchman Mine tales just get better and better.
Just amazes me the fortunes made and spent around this mine to present day.
If you can find an hour to watch this one it will be well worth it.
The Mystery Of The Lost Dutchman's Gold Mine In Southwest America | Myth Hunters
Recent and Upcoming McEwen Mining and McEwen Copper Presentations
Thursday, August 22, 2024 4:05 PM PDT
GLOBENEWSWIRE
TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) and McEwen Copper Inc. are pleased to announce their participation in Fastmarkets’ “Argentina: An emerging powerhouse for copper and lithium” webinar and in three upcoming industry conferences.
In the Fastmarkets webinar (available here), McEwen Mining’s CEO and Chief Owner Rob McEwen participated in a panel discussion exploring Argentina’s vast copper and lithium reserves and how these resources are positioning the country as a pivotal player in the global energy transition.
For the upcoming conferences, Rob McEwen will be joined by Michael Meding, Vice President and General Manager of McEwen Copper. Rob McEwen will provide insights into McEwen Mining’s projects and operations, while Michael Meding will present on the Los Azules copper project.
Jefferies Global Metals & Mining Conference, September 4-5, 2024, New York, NY
Presentation Details Date: Wednesday, September 4, 2024 Time: 3:40-4:10 PM EDT Link: https://wsw.com/webcast/jeff303/mux/1724250 (Recording will be available at this location for 90 days following the presentation)
H.C. Wainwright 26th Annual Global Investment Conference, September 9-11, 2024, New York, NY
Presentation Details Date: Monday, September 9, 2024 Time: 7:00-7:30 AM EDT Link: https://journey.ct.events/view/631ba475-0941-405b-9ed4-c1bc35dde713 (Recording will be available at this location for 90 days following the presentation)
2024 Beaver Creek Precious Metals Summit, September 10-13, 2024, Beaver Creek, CO
Presentation Details Date: Tuesday, September 10, 2024 Time: 4:15-4:30 PM MDT (6:15-6:30 PM EDT) Event Link: https://www.gowebcasting.com/C1664 (Presentations will be archived at https://www.precioussummit.com)
The links to these presentations will also be available on our company’s Media page:
https://www.mcewenmining.com/media/overview[
https://www.mining.com/press-release/?id=66c7d12b93921002d58ad41c
Copper theme song by artifracts
starring my cat "Goldilocks" hehe
Powell rate cut guidance day
Good morning
Argentina to sign deal with US to boost metals mining
Bloomberg News | August 21, 2024 | 9:52 am News Latin America USA Copper Lithium
Argentina will sign an agreement with the US to draw more investment and trade in critical-minerals mining, a State Department official said, part of an ongoing US effort to boost supply chains for the metals that don’t involve China.
President Javier Milei’s government will sign the agreement with the US during a visit to Argentina this week by US Under Secretary of State Jose Fernandez. Argentina has vast resources of copper and lithium but has only tapped a tiny portion of them.
The agreement with Argentina will make it easier for the nation to work with countries in the Minerals Security Partnership, a US-led grouping that includes 14 countries and the European Union. The strategy aims to ease dependence on China for minerals that go into electric vehicle batteries and solar panels by linking foreign investors with mining projects and adhering to strict environmental standards.
“It’s a way for Argentina to literally make pitches to 14 countries and the EU in one fell swoop,” Fernandez said in an interview before the announcement. “Producing countries want the kinds of investments that we’re proposing, investments that will benefit communities, that will bring growth, that will observe national laws.”
Fernandez will also travel to Ecuador and Peru for meetings on trade, investment, sustainable agriculture and a separate regional initiative known as the Americas Partnership for Economic Prosperity.
Launched in 2022, the US-led minerals push has so far resulted in high-level talks but few tangible investments. And while Milei is adamant about aligning with Washington, it will be tough to draw Argentina out of Beijing’s orbit given China is its largest trading partner after Brazil.
Before the announcement, the State Department welcomed people to register for a Minerals Security Partnership forum event in Buenos Aires on Aug. 23 to “learn more about lithium and copper extraction opportunities in Argentina.” Describing the country as a global leader for new resource development, it added that “there are many lithium and copper projects available for investment across several provinces.”
The minerals agreement doesn’t address Argentina’s inability to qualify for incentives for lithium production under the US Inflation Reduction Act of 2022, a law aimed in part at speeding EV adoption. Argentina is currently locked out of those benefits because it doesn’t have a free-trade deal with the US, and Argentine officials have been seeking access.
(By Eric Martin)
https://www.mining.com/web/argentina-to-join-us-group-for-spurring-metals-investments/
Good Morning
Coldplay - Viva La Vida (Live In São Paulo)
Bill Holter Your Standard of Living Will Be Decimated
Premiered 15 hours ago
Patrick Vierra from Silver Bullion Television spoke with precious metals analyst and expert Bill Holter. Bill went over the economy and why silver and in particular what kinds of silver you should own as an investment and an insurance. With a very uncertain economic outcome one thing is for sure, things look to get worse and if unprepared your standard of living will be decimated. It's time to protect your wealth.
My cat Goldilocks says "Get Out Meow"
Shouldn't their be human being involvement with these mining stocks
Urgent Update: This Starts Monday – My Most Important Video of the Year!
Welcome to the Sunday show.... Take it away Steven
Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told
Federal Reserve Building in Washington, D.C.
By Pam Martens and Russ Martens: August 14, 2024 ~
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it. The latest iteration came in the spring of 2023 in response to a run on federally-insured banks that federal regulators had allowed to get in bed with crypto and/or had allowed to binge on uninsured deposits. The Fed quickly launched the Bank Term Funding Program (BTFP) on March 12, 2023. BTFP joined the copious iterations from the Fed’s COVID-19 related bailouts and the Fed’s 2007-2010 bailouts with names like the Primary Dealer Credit Facility (PDCF), Commercial Paper Funding Facility (CPFF), Money Market Mutual Fund Liquidity Facility (MMLF), Term … Continue reading ?
https://wallstreetonparade.com/2024/08/data-from-the-feds-emergency-funding-program-shows-spring-2023-banking-crisis-was-far-deeper-than-americans-were-told/
Bulworth (2/5) Movie CLIP - Bulworth Raps (1998) HD
Tightly held intra-day mining plays
MARKET ACTIVITY
TSX +15.87 (0.07%) 22,634.05
TSX Venture -1.10 (0.20%) 544.56
ASX 200 +23.90 (0.31%) 7,850.70
S&P 500 -3.88 (0.07%) 5,430.56
BMO Junior Gold Index -0.01 (0.01%) 86.00
VanEck Jr Miners -0.45 (1.00%) 44.49
Sprott Junior Miners -0.45 (1.33%) 33.42
COMMODITY PRICES
Gold (US$/oz) -19.60 (0.78%) 2,488.20
Silver (US$/oz) -0.24 (0.85%) 27.55
Copper (US$/lb) +0.02 (0.41%) 4.07
Platinum (US$/oz) -11.60 (1.23%) 934.30
Palladium (US$/oz) -0.50 (0.05%) 924.00
COMPANY VOLUME LAST TRADE
Gowest Gold 3,288,150 $0.15
Osisko Mining 3,205,254 $4.79
Talon Metals 1,561,557 $0.10
Uranium Energy 1,091,810 $4.76
Denison Mines 842,370 $2.19
B2Gold 762,472 $3.54
Abitibi Metals 638,699 $0.38
New Gold 628,659 $3.25
Maritime Resources 531,000 $0.04
Aris Mining 525,529 $5.50
Fission Uranium 518,108 $0.97
Surge Battery Metals 464,715 $0.35
IAMGOLD 458,809 $6.61
Atomic Minerals 448,500 $0.04
Electric Light Orchestra - Hold On Tight (Official Video)
I see Paper gold stocks rallied and bond yields sank after the latest US inflation reading reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September.
Nothing to do with miners or gold but everything to do with paper.
Hell is Coming
OK Steven what do you have for us this Sunday evening
Let me get my grains of salt maybe some lime and my favorite aged Milagro Reserve tequila .
I'm all set now let her rip Steven
Watch Now: I Just Received a Terrifying Email...
Intra-day mining plays
MARKET ACTIVITY
TSX +11.84 (0.05%) 22,237.45
TSX Venture -3.91 (0.72%) 537.68
ASX 200 +95.70 (1.25%) 7,777.70
S&P 500 -1.59 (0.03%) 5,317.71
BMO Junior Gold Index -0.89 (1.10%) 80.10
VanEck Jr Miners +0.16 (0.37%) 42.38
Sprott Junior Miners +0.21 (0.67%) 31.11
COMMODITY PRICES
Gold (US$/oz) +5.10 (0.21%) 2,468.40
Silver (US$/oz) -0.17 (0.62%) 27.44
Copper (US$/lb) +0.02 (0.59%) 3.98
Platinum (US$/oz) -10.20 (1.09%) 929.70
Palladium (US$/oz) -12.40 (1.37%) 896.00
HIGH VOLUME
COMPANY VOLUME LAST TRADE
B2Gold 7,850,472 $3.36
SolGold 2,782,254 $0.18
Radio Fuels Energy 2,022,000 $0.12
Uranium Energy 1,952,913 $4.48
IAMGOLD 1,569,781 $5.86
Kinross Gold 1,174,671 $11.60
i-80 Gold 914,854 $1.11
Hudbay Minerals 825,502 $9.98
Orosur Mining 776,000 $0.05
Calibre Mining 774,854 $1.97
Denison Mines 695,424 $2.07
Westgold Resources 682,733 $2.39
Ascendant Resources 637,210 $0.05
NexGen Energy 628,577 $7.68
Good Luck and
see you tonight unless we get rained out again.
Riding Midnight Mining Market Movers
MARKET MOVERS
COMPANY CHANGE LAST TRADE
Torex Gold Resources 0.33 1.67 $20.06
Snowline Gold 0.30 7.54 $4.28
China Gold Resources 0.23 3.26 $7.29
Nova Minerals 0.15 2.99 $5.07
Sigma Lithium 0.14 1.57 $9.05
Westgold Resources 0.12 5.00 $2.52
Mandalay Resources 0.11 4.62 $2.49
Artemis Gold 0.11 0.97 $11.43
Giant Mining 0.10 18.18 $0.65
Lavras Gold 0.09 5.23 $1.81
Hawthorn Resources 0.09 81.82 $0.20
Gunpoint Exploration 0.07 10.77 $0.72
Quimbaya Gold 0.06 13.64 $0.50
Yukon Metals 0.06 9.38 $0.70
West Mining 0.06 20.37 $0.33
After yesterdays mining dip buying todays"Carry Trade" fell flat.
After all What if Japan sneezes again and all the stars fall out of the sky hehe
Good Morning Hope you're enjoying the board
"Midnight Rider" with Vince Gill, Gregg Allman and Zac Brown
Former U.S. Labor Secretary Says Billionaires Have No Right to Exist Because their Wealth Comes from Five Illegal or Bad Practices
By Pam Martens and Russ Martens: August 7, 2024 ~
Robert B. Reich, the former U.S. Labor Secretary under President Bill Clinton, a bestselling author and Professor Emeritus at UC Berkeley, penned an essay in May on why billionaires should not exist. Reich declares that there are only five ways someone can become a billionaire. (Reich narrates his essay in the video below, complete with cool graphics.)
continues https://wallstreetonparade.com/2024/08/former-u-s-labor-secretary-says-billionaires-have-no-right-to-exist-because-their-wealth-comes-from-five-illegal-or-bad-practices/
How Much Wealth Is Too Much? | Robert Reich
Free Intra-day Mining Plays
MARKET ACTIVITY
TSX +135.03 (0.61%) 22,114.39
TSX Venture +0.52 (0.10%) 543.19
ASX 200 +19.20 (0.25%) 7,699.80
S&P 500 +49.52 (0.95%) 5,289.56
BMO Junior Gold Index -1.73 (2.11%) 80.15
VanEck Jr Miners -0.10 (0.24%) 42.33
Sprott Junior Miners +0.01 (0.03%) 30.79
COMMODITY PRICES
Gold (US$/oz) +3.00 (0.12%) 2,434.60
Silver (US$/oz) -0.21 (0.76%) 27.01
Copper (US$/lb) -0.07 (1.78%) 3.96
Platinum (US$/oz) +10.10 (1.1%) 930.30
Palladium (US$/oz) +25.60 (2.98%) 886.00
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Snow Lake Resources 3,335,023 $0.55
Western Resources 3,071,104 $0.04
Uranium Energy 2,661,199 $4.57
Adyton Resources 2,064,000 $0.13
Portofino Resources 1,840,250 $0.02
ATEX Resources 1,245,600 $1.20
Ascot Resources 1,188,319 $0.43
Capstone Copper 1,144,890 $8.07
Denison Mines 1,056,901 $2.17
Kinross Gold 973,130 $11.47
Lundin Mining 961,202 $12.46
Maritime Resources 906,200 $0.04
ALX Resources 894,000 $0.02
Good Luck and
see ya tonight
Banned $MUX Conference Call Questions
1, I can understand the global correction that occurred in markets but losing $4.50 off the share price was way to excessive like a global casino .
I smell major predators, any thoughts ?
2.Can you explain Argentina selling their gold and washing their Pesos in US dollars hoping the price will go up. What happens if the price goes down ?
3. Where is director Ian Ball did he move to Argentina ?
Midnight Mining Movers
MARKET MOVERS
COMPANY CHANGE LAST TRADE
AngloGold Ashanti 1.23 4.62 $27.86
Critical Metals 0.78 8.85 $9.59
Newmont 0.56 1.19 $47.59
MP Materials 0.46 4.37 $10.98
Ero Copper 0.28 1.06 $26.66
Gold Fields 0.27 1.67 $16.47
Barrick Gold 0.22 1.28 $17.40
Dundee Precious Metals 0.22 1.88 $11.90
Coeur Mining 0.16 3.07 $5.38
U.S. GoldMining 0.16 2.85 $5.77
Piedmont Lithium 0.15 1.65 $9.25
Freeport-McMoRan 0.15 0.37 $41.02
U.S. Gold 0.14 2.76 $5.22
Contango ORE 0.12 0.65 $18.60
Metals Acquisition 0.12 1.11 $10.90
Looks as their was some brave buying the dip this AM but stocks flat lined in the afternoon.
Mining stocks are full of volatility so I'm just sitting this out at the oasis until theirs better recovery.
My braveness only goes so far Hehe
Maria Muldar - Midnight At The Oasis (1974)
I Mined A Bunch of Zinc & It Explained The REAL History of Cerro Gordo
In this video, we dive deep into the Zinc Era of Cerro Gordo. A period of time that doesn't get near the attention as the silver era, but was longer, and in many ways more productive.
I head down to the 700 level of the Union Mine to retrieve some smithsonite, refine the smithsonite all the way down to zinc, and use the zinc for it's most common uses. Along the way, we learn a lot more about the history of this famous mining town.
Destinations unknown Intra day plays
Destination Calabria (feat. Crystal Waters) (Radio Edit)
MARKET ACTIVITY
TSX -373.25 (1.68%) 21,854.38
TSX Venture -15.75 (2.84%) 539.81
ASX 200 +31.00 (0.41%) 7,680.60
S&P 500 +73.05 (1.41%) 5,259.38
BMO Junior Gold Index -4.57 (5.39%) 80.15
VanEck Jr Miners -0.01 (0.01%) 42.07
Sprott Junior Miners -0.13 (0.43%) 30.52
COMMODITY PRICES
Gold (US$/oz) -19.10 (0.78%) 2,425.30
Silver (US$/oz) -0.07 (0.26%) 27.14
Copper (US$/lb) +0.04 (0.98%) 4.04
Platinum (US$/oz) +6.20 (0.68%) 921.70
Palladium (US$/oz) +31.90 (3.86%) 858.00
HIGH VOLUME
COMPANY VOLUME LAST TRADE
Uranium Energy 2,807,053 $4.49
Denison Mines 2,223,727 $2.19
Q Battery Metals 2,019,962 $0.01
Tearlach Resources 1,901,705 $0.02
Ascot Resources 1,650,442 $0.38
Kinross Gold 1,500,718 $11.74
Ivanhoe Mines 1,468,037 $15.36
Mega Uranium 1,299,645 $0.26
GoviEx Uranium 1,169,227 $0.05
Kermode Resources 1,112,120 $0.01
Lundin Mining 1,110,604 $12.63
Fission Uranium 1,050,160 $0.97
B2Gold 906,677 $3.87
Mogotes Metals 901,036 $0.18
Cameco 873,438 $52.26
see ya tonight
Nikkei Has Biggest Drop in History: Here’s What’s Causing the Global Market Selloff
By Pam Martens and Russ Martens: August 5, 2024 ~
Japan’s Nikkei stock market index fell a stunning 4,451.28 points in overnight trading, marking the worst tumble in point terms in the entire history of the Nikkei. In percentage terms, that was a one-day trading loss of 12.4 percent.
Dow futures took their cue from the selloff in overnight foreign markets and tumbled a breathtaking 1200 points by 8:26 a.m. in New York. When the market actually opened at 9:30 a.m. the Dow had shaved off 1,167 points in the opening five minutes. As of 9:40 a.m., the Nasdaq had lost 819.8 points or 4.89 percent.
Japanese traders were spooked by the sharp selloffs in U.S. markets on Thursday and Friday of last week, which were ushered in by bad economic data as well as the potential for a broader war in the Middle East.
On Thursday the Dow Jones Industrial Average fell 494.82 points or 1.2 percent while Nasdaq almost doubled that decline with a loss of 2.3 percent. The S&P 500 index closed with a loss of 1.4 percent.
Thursday’s selloff was fueled by the Institute for Supply Management (ISM) report that its measure of manufacturing activity had slumped to an eight-month low for the month of July, falling to 46.8 from a 48.5 level in June. A reading below 50 indicates a contracting manufacturing sector.
The reading cast more doubt on the Fed’s decision on Wednesday to hold steady on its high interest rates – pushing off the possibility of a Fed rate cut until September and raising the stakes for a full-blown recession in the U.S.
The markets were further unnerved on Friday morning at 8:30 a.m. when the monthly non-farm payroll report from the Labor Department’s Bureau of Labor Statistics (BLS) brought further hints of a recession. Non-farm payrolls had increased in July by a meager 114,000 – far below the average of 215,000 per month over the prior 12 months.
Friday’s economic data sent stock markets into another tailspin with the Dow losing 610.7 points or 1.51 percent; Nasdaq tumbling 417.9 points or 2.43 percent; and the S&P 500 (SPX) down 100.12 points or 1.84 percent by the closing bell.
The sharp two-day selloff in stocks sent traders into the safe-havens of gold and the 10-year U.S. Treasury note. As money moved into the 10-year U.S. Treasury note, its price moved higher with a concurrent drop in yield. From a 4 percent handle on Tuesday, the Treasury’s benchmark note is trading this morning to yield 3.70 percent. Gold’s December contract traded intraday on Comex on Friday at $2,522.50 an ounce – a new historic intraday high, before closing lower at $2,469.80.
Bitcoin, on the other hand, showed itself to be anything but a safe-haven trade or the much-touted substitute for gold. Bitcoin has fallen from a price level of more than $60,000 at the beginning of last week to around $50,000 this morning. To put that another way, Bitcoin is viewed just as risky – if not more risky – than stocks.
The CBOE’s Volatility Index known as the Vix is reflecting the wild gyrations in the stock market, moving from a range of 30 to 25 on Friday to spike as high as 65.73 this morning – the highest since the COVID-19 panic in 2020. As of 9:42 a.m. EDT, the Vix was trading at 54.16.
Not helping matters this morning is the fact that the megabanks on Wall Street are continuing their sharp losses from last week. (See chart below.) As of 9:37 a.m. this morning in New York trading, Citigroup is off by another 7.37 percent while Goldman Sachs has lost 6.96 percent. Citigroup, parent of the giant federally-insured Citibank, has now moved from a closing price of $64.30 last Monday to trading intraday this morning at $54.20 or a loss of 16 percent in a week.
Veteran traders on Wall Street remember that Citigroup was the megabank that destabilized the market in 2008, requiring secret infusions of $2.5 trillion in revolving loans from the Fed between December 2007 to July 2010 according to the eventual audit by the Government Accountability Office that was released to the public in July 2011. The bank’s stock traded as low as 99 cents in early 2009. (See our reporting on Citigroup’s woes as it happened in the fall of 2008.)
Also not helping the stock market was the headline at CNN on Saturday that suggested the U.S. could be drawn into a wider war in the Middle East. The news outlet wrote that “The US is sending a carrier strike group, a fighter squadron and additional warships to the Middle East as the region braces for an Iranian retaliation to the killing of a senior Hamas leader in Tehran earlier this week.”
Adding to market jitters was a report at CNBC on Saturday that Warren Buffett had raised his cash levels to an historic $277 billion after slashing his stock holdings.
All in all, not the stuff that bull markets are made of.
https://wallstreetonparade.com/2024/08/nikkei-has-biggest-drop-in-history-heres-whats-causing-the-global-market-selloff/
Black Friday Pat Travers
Commodities face contagion as global market meltdown deepens
Bloomberg News | August 5, 2024 | 3:58 pm Intelligence Markets Asia China Europe USA Copper Gold Oil & Gas
Commodities from copper and gold to crude oil tumbled, while paring back some of the losses, as global economic malaise dimmed the outlook for industrial demand and sent traders rushing to cash out of profitable positions.
Copper settled down 1.8% on the London Metal Exchange after slumping as much as 3.8%, with aluminum also falling. Benchmark oil futures dropped about 0.5%, after trading down 2.3% at the lowest level in seven months.
Raw material markets were dragged into a massive selloff on Monday as investors reacted to US data signaling a deterioration in the world’s biggest economy and speculation that Federal Reserve’s long-awaited pivot to more supportive monetary policy may come too late to prevent a major downturn in the US and beyond. The selloff tapered after fresh data showed the US services sector expanded in July.
“It’s just widespread panic,” said Phil Streible, chief market strategist at Blue Line Futures. “We’ve had record amounts of cash sitting on the sidelines,” with “bargain hungers” taking advantage of lower prices, he added.
For commodities linked to industrial cycles, such as copper, a hard-landing scenario would put fresh pressure on bulls who made bold bets on a surge in global demand earlier this year. Prices have already retreated about 20% from a peak seen in May as investors bailed out, and Monday’s fresh bout of selling took prices to the lowest in nearly four months. Mounting worries about economic growth across commodities markets have prompted hedge funds to turn predominantly bearish on a basket of key contracts for the first time since 2016.
“Markets like oil and copper appear to be pricing in a recession, which equity and bond markets are doing as well,” said Matthew Schwab, head of investor solutions at Quantix Commodities, a Greenwich, Connecticut-based hedge fund.
Still, some agriculture markets, such as soybeans and cocoa, rose on Monday.
Gold — which is up more than 15% this year and would typically benefit during bouts of economic weakness — was also hit hard earlier as investors closed out trades to cover losses elsewhere. That’s a common consequence during large-scale selloffs, and analysts said that the precious metal’s status as a haven should soon reassert itself if the turmoil continues.
A slump in the dollar could also boost gold and other commodities priced in the currency by expanding purchasing power for consumers in key markets like China.
“Commodities are getting hit by this risk-off event,” said Ryan Fitzmaurice, a senior commodities strategist at Marex. “But looking out on the horizon, a weaker US dollar and rate cuts could provide support for the asset class.”
If there is more negative US economic data and the Fed is forced to make significant interest rate cuts, that’s bullish for gold. Conversely, robust economic signals may delay the pace of any easing by central bankers, which would weigh on the yellow metal, according to Marcus Garvey, head of commodities strategy at Macquarie.
“I guess financial markets like to fix problems in advance by trashing prices on commodities to lessen inflation,” said Scott Shelton, an energy specialist at TP ICAP Group Plc.
(By Mark Burton, Alex Longley, Sana Pashankar and Devika Krishna Kumar)
https://www.mining.com/web/commodities-face-contagion-as-global-market-meltdown-deepens/
Cowboy Junkies - Sweet Jane (Official Video)
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