Zoltan Pozsar Believes Statecraft Should Be Included In The Hierarchy Of Money
Continuing on his Bretton Woods III theory and the shift to a new world order tied to commodities, Credit Suisse contributor Zoltan Pozsar believes that “it’s now time to bring the state in as an extra layer in the hierarchy of money.” “We usually think of money and its hierarchy in terms of instruments, prices, […]
Inflation is Far From Cooling Off: US Producer Prices Jump by Most on Record
Following yesterday’s scorching-hot CPI print, the latest data from the BLS shows that US producer prices exploded by the most on record in March, in yet another testament that the inflation peak is still very, very far away. The producer price index, which tracks prices paid by wholesalers and serves as an indicator of future […]
Natural Gas Futures Top US$7.00 Per MMBtu
Natural gas futures this afternoon topped a new high in North America as much of the continent is hit with colder than normal temperatures for this time of year, while gas continues to be exported to Europe to ease the reliance on Russian gas amid ongoing conflict in Ukraine. Prices at Henry Hub hit a […]
A Month After the Big Squeeze, Nickel Market is Far Less Liquid Than it Has Perhaps Ever Been
The market for nickel, one of the most important elements used in electric vehicle (EV) batteries, has been broken for the last month, and no ready fix looks to be in the offing. Amazingly, no entity really benefits from this. It really is no exaggeration to say that the inability for nickel producers to effectively hedge […]
Bank of Canada Hikes Rates 50 Basis Points, Blames Surging Inflation on Ukraine Crisis
In an effort to play catch-up with runaway price pressures, the Bank of Canada continued hawkish monetary policy, raising interest rates by 50 basis points during its latest policy meeting on Wednesday. Canada’s central bank hiked its overnight rate to 1% and announced it will embark on quantitative tightening and start shedding its ballooning balance […]
Zacatecas Silver Closes US$60 Million Acquisition Of Esperanza Gold Project
Zacatecas Silver (TSXV: ZAC) announced on Tuesday the acquisition of the Esperanza Gold Project, located in Morelos State, Mexico, from Minas De Oro Nacional, a subsidiary of Alamos Gold (TSX: AGI). The transaction is reportedly worth US$60 million. According to the terms of the transaction, the initial payment will consist of US$5 million in cash and […]
Novo Resources Sees Rob Humphryson Resign As CEO, Director
A leadership change is currently underway at Novo Resources (TSX: NVO). The firm this morning indicated that chief executive Rob Humphryson has resigned from his role with the company, including his role as a director. Humphyrson had served in the role since June 2017, with his appointment at the time resulting in Dr Quinton Hennigh […]
Nighthawk Gold Expands Financing To $29.4 Million
Nighthawk Hold Corp (TSX: NHK) evidently has seen significant demand from a bought deal financing announced Monday evening. The firm after the close last night indicated it would be increasing the financing from $25.0 million to $29.4 million due to excess demand. Under the terms of the financing, the company will sell 10.0 million units […]
Aztec Minerals Intersects 0.87 g/t Gold Over 152.4 Metres At Cervantes
Additional results are in for the recently completed drill program conducted by Aztec Minerals (TSXV: AZT). The firm this morning released results from an additional four drill holes, which follows results released two weeks ago highlighted by 0.53 g/t gold over 138.32 metres. The latest results again come from the California Zone at the firms […]
Meta Platforms To Take “Competitive” 47.5% Cut Of NFT Sales In It’s Metaverse
It appears that Meta Platforms (NASDAQ: FB) is looking to make up for recently lost revenue due to Apple’s (NASDAQ: AAPL) privacy changes. Those lost revenues are evidently looking to be made up from consumers purchasing NFT’s, or non-fungible tokens, within their metaverse. It’s being reported this morning that Meta is looking to take an […]