One thing that should have been questioned intensely all along in energy news but hasn’t been is how the EV car boom is going to stress the US energy grid far beyond its capabilities.
Newcrest Mining Ltd. may have enough gold and copper deposits at its Red Chris project in Canada to open an entirely new section and extend mining in the area for decades, Chief Executive Officer Sherry Duhe said.
According to my technical runes, two things seem likely to occur: 1) the target will be precisely reached; and, 2) MSFT will not get past it without correcting by at least 20%, and possibly more.
Gold's value is centered in its use as money. Gold is real money because it meets the three characteristics of money: 1) a medium of exchange; 2) a measure of value; and 3) a store of value.
With national average mortgage rates heading above 7%, a housing affordability crisis threatens to weigh on prices. We're currently seeing a massive decline in revenues for vacation rentals..
National leaders are (or should be) reluctant to enter wars because, once begun, they are often hard to end. Monetary policy works the same way. Central bankers think they can handle a situation..
Paris is burning. Texas is burning. Canada is burning. But Ukraine is cooling while Prigozhin is chilling. The economy is hot and cold. Housing is running the AC and furnace at the same time.
De-dollarization is here, and it’s boosting gold bug morale in a major way. My suggestion is to follow the Indian gold bug lead: Nibble now… and enjoy higher prices very soon!
Expectations for a radically higher gold price that is not tied directly to the loss of purchasing power in the U.S. dollar are unrealistic and fundamentally unsound.
