Citigroup Raises Silver Target to $40 as Trade War Boosts Precious Metals
Citigroup predicts silver will reach $40 per ounce in the next three months, citing supply constraints and increased investor interest amid ongoing trade disputes. The bank boosted its three-month silver outlook to $40 from $38 and increased its longer-term forecast to $43, according to analysts led by Max Layton. Silver rose to $37.96 per ounce, […]
Canada Housing Market Shows Recovery Signs as Sales Rise for Second Month
Canada’s housing market posted its second consecutive month of sales gains in June as inventory levels remained near long-term averages, signaling a potential turnaround after a turbulent start to 2025, according to official data released Monday. Home sales rose 2.8% from May to June, building on the previous month’s 3.5% increase, the Canadian Real Estate […]
Discovery Silver in Advanced Talks to Acquire Barrick’s Last Canadian Gold Mine
Barrick Gold Corp. (TSX: ABX) may soon close the book on its Canadian gold mining history, with Discovery Silver Corp. (TSX: DSV) poised to acquire the company’s Hemlo mine in Ontario. Barrick began seeking buyers for the mine in April, and Discovery has emerged as the leading candidate, sources close to the negotiations said, according […]
Senator Introduces Bill to Exempt Small Bitcoin Transactions From Capital Gains Tax
Earlier this month, Senator Cynthia Lummis introduced legislation aimed at exempting small Bitcoin transactions from capital gains taxes, though cryptocurrency advocates say the proposed limits are too restrictive. The Wyoming Republican’s bill would eliminate taxes on Bitcoin purchases of goods and services valued at $300 or less, with an annual cap of $5,000 per person. […]
Lifezone Metals Outlines $1.58 Billion After Tax NPV For Kabanga Nickel Project
Lifezone Metals (NYSE: LZM) has released the results of a feasibility study conducted on their flagship Kabanga Nickel project, which is found in northwestern Tanzania. The study is based on an initial development phase for the projct, which would feature a 3.4 million tonne per annum underground mine, mill, concentrator, tailings facility, and related infrastructure. […]
Andean Precious Metals Reports Q2 Production Of 24,341 Gold Equivalent Ounces
Andean Precious Metals (TSX: APM) last night released preliminary operating results for the second quarter, with the company reporting Q2 production of 24,341 gold equivalent ounces. Those ounces consisted of 11,945 ounces of gold and a further 1.1 million ounces of silver, with gold equivalent production improving from 21,361 ounces in the first quarter. Production […]
Massive IRS Refund Restores Epstein Estate to $145 Million
Financier and convicted sex offender Jeffrey Epstein may be dead, but that doesn’t mean he’s stopped making money. His estate received a $111.6 million tax refund from the Internal Revenue Service, bringing the estate’s total value back up to $145 million after it had been depleted by victim settlements and legal costs. The sizable refund, […]
Will Coca-Cola Switch to Cane Sugar Just Because Trump Said They Would?
The Coca-Cola Company (NYSE: KO) offered a diplomatically worded response Wednesday after President Donald Trump claimed the beverage maker had agreed to reformulate its signature soda with cane sugar, stopping short of confirming any such commitment and raising questions about the economics of such a major change. Trump claimed on Truth Social that he had […]
Is Powell About to Be Out?
Reports that President Donald Trump brandished a draft dismissal letter during a late Oval Office huddle with a dozen House Republicans have reignited the question that has hovered over US monetary policy for months: will the president try to sack Fed Chair Jerome Powell before the latter’s term ends next May? According to participants, Trump […]
House Petition Tabled To Force Epstein List Release
The House may soon confront a direct test of its appetite for transparency in the Jeffrey Epstein investigation. Reps. Thomas Massie and Ro Khanna filed a discharge petition, putting the plenary within striking distance of forcing a floor vote that would demand release of all Epstein-related files. The procedure tabled by the Kentucky Republican bypasses […]