In 2023 “Gold Will Come Out Ahead” — With Mike McGlone
Today on the Daily Dive we are joined by one of our regular guests, Mike McGlone, a Bloomberg Intelligence senior commodity strategist. Mike sits down with us to share his insights on the FTX contagion and how it impacts Bitcoin and Ethereum price action, OPEC’s production cuts and their implications, and President Biden’s handling of […]
More De-Dollarization? Ghana Unveils Plan to Purchase Crude With Gold Rather Than US Dollars
The list of countries shunning the US dollar is increasing. Ghana, a developing country located in West Africa, is carving out a new policy that will switch its mode of payment for oil products from US dollar reserves to gold. According to a Facebook post published by Ghana vice president Mahamudu Bawumia on Thursday, the […]
“Empower People To Not Be Bullied By Elon” And Other Insights From Tesla Employee Survey
Employees expressed worries about Elon Musk’s leadership in an internal 2018 Tesla (NASDAQ: TSLA) worker survey done during a difficult era for the company. The survey results was part of the documents disclosed in the ongoing lawsuit against Musk related to a nearly $56 billion compensation package at the carmaker company. In March 2018, Tesla’s […]
Moonstone Bank Is “Still Waiting” To See What Happens With FTX/Alameda $11.5 Million Seed Investment
Documents in the failed crypto exchange FTX’s bankruptcy recently revealed that the firm–through its sister hedge fund Alameda–infused $11.5 million into Moonstone Bank, formerly Farmington State Bank. As more questions are raised than answers, the bank’s chief digital officer Janvier Chalopin attempted to clear the air about the curious stake. The investment, according to Chalopin, […]
Great Panther Sees Asset Sale To Newrange Gold Fall Apart
Just under a month after it reached a definitive agreement to sell its Peruvian assets, it appears Great Panther Mining has lost the sale. The firm this morning indicated it has terminated the share purchase agreement it previously entered into with Newrange Gold Corp (TSXV: NRG). Under the terms of the arrangement, Newrange was to […]
IAMGOLD Sees Fatality Occur At Essakane Operation
IAMGOLD (TSX: IMG) has lost an employee at its Essakane mine, found in Burkina Faso, following an off-site accident that occurred earlier this week. The employee reportedly passed away on Tuesday from injuries sustained. The death of the employee reportedly occurred during the hoisting of mobile equipment, with further details not released. The company is […]
FTX Invested In A Small Washington Bank, But Why?
Following the signing of FTX’s chapter 11 bankruptcy, the failed crypto mogul Sam Bankman-Fried has been going around town to explain his side and attempt restore his reputation. But, documents never lie. In the bankruptcy proceedings, one of the assets revealed to be owned by FTX is the curiousity-inducing small bank in the state of […]
Real Estate Crash En Route? Experts Call for 17.5% Peak to Trough Drop in Canadian Home Prices
Canadian home prices are slated for a major landslide drop of at least 17.5% from peak levels, thanks to the Bank of Canada’s relentlessly aggressive rate hikes that brought mortgage rates to nearly 5% within a span of eight months. According to market analysts surveyed by Reuters in November, Canada’s housing market is barreling towards […]
The De-Dollarization Frenzy: China Covertly Buying Gold to Reduce US Dollar Exposure
The West’s sanctions against Russia are backfiring, particularly for the US dollar, which is slowly but surely losing its grip on global dominance. After witnessing western nations unilaterally freeze Russia’s foreign assets in response to Moscow’s military operation in Ukraine, central banks have been boosting their gold reserves so the same thing doesn’t happen to […]
The Congo Line: Government-Rebel Clash Escalates In A Battle For Mineral-Rich Lands
More than two million Congolese facing food and gasoline shortages are caught between the battle lines. The eastern side of the Democratic Republic of Congo has seen the long-standing ethnic tensions spark into the most deadly violence in a decade as warring militias battle for control of the territory and its mineral wealth. The M23 […]