Five Major U.S. Banks Face Billions in Losses as Surging Silver Prices Pressure Short Sellers
Silver prices have spiked significantly in October, climbing nearly 8% this month to exceed $33.60 per ounce, leaving some of the largest U.S. banks with potentially substantial losses tied to their short positions on the precious metal. This sudden increase has triggered concerns within the financial sector about potential repercussions for both the banking system and industries reliant on stable silver prices.
Americans Will Lead the Canadian Massive Bull Market | Collective Mining with Ari Sussman
In this interview at the Commodities Global Expo 2024, Ari Sussman, Executive Chairman of Collective Mining Ltd. (NYSE: CNL, TSX: CNL), provides insights into both market dynamics and his company’s operations. Sussman begins by addressing the disconnect between gold prices and Canadian junior mining stocks. He attributes this lag to structural issues in Canadian banking, […]
Newmont’s Q3 Earnings Breakdown: All That Glitters Is Not Gold
All that glitters is not gold. Newmont Corporation (TSX: NGT) on Wednesday reported its third quarter financial results after the close of the bell and well.. Lets just say that gold bugs had hoped for a more positive signal for the sector from the world’s largest gold producer. Lets dive in. The high level results […]
Canadian Banks Forbid Investment in Jr. Mining? | Power Nickel with Terry Lynch
In this interview at the Commodities Global Expo 2024, Terry Lynch, CEO of Power Nickel Inc., (TSXV: PNPN), offers investors a view of both company-specific opportunities and the structural issues affecting junior miners’ ability to access capital, even in a strong commodity price environment. Lynch begins by addressing the current momentum in the junior mining […]
New Jersey Poised to Be First U.S. State to Block Landlords’ Use of Rent-Boosting Software
In a first-of-its-kind legislative move, New Jersey could soon become the pioneering U.S. state to ban landlords from using algorithmic software to set rental prices—a practice that advocates argue has exacerbated the state’s already sky-high housing costs. After contentious debate and passionate testimony, a bill that would prohibit landlords from employing these pricing algorithms was […]
Kamala Harris Unveils Presidential ‘To-Do List’, Including Cannabis Reform
Presidential candidate Kamala Harris has released an ambitious policy platform that includes federal cannabis legalization alongside broader economic and social initiatives. The wide-ranging agenda addresses healthcare affordability, housing access, and tax reform. At the forefront of her drug policy reform, Harris pledges to federally legalize recreational cannabis, with specific provisions aimed at creating economic opportunities […]
Capri Holdings Stock Crashes 50% After Court Blocks $8.5 Billion Merger
A federal judge blocked the merger between Capri Holdings (NYSE: CPRI), the parent company of Michael Kors, and Tapestry, Inc., the owner of Coach and Kate Spade, citing concerns over antitrust violations in the accessible-luxury handbag market. The ruling came in response to a lawsuit filed by the Federal Trade Commission (FTC) earlier in the […]
The Drill Core That Got Newmont & Eric Sprott Hooked | Metallic Minerals with Scott Petsel
In this interview at the Commodities Global Expo 2024, Scott Petsel, President of Metallic Minerals Corp. (TSXV: MMG), provides an overview of the company’s diverse portfolio amid record gold prices. Petsel outlines Metallic Minerals’ three core assets: a silver project in Yukon, a copper-PGE project in Colorado, which has attracted Newmont as a 9.5% investor, […]
Trump Floats Eliminating Income Tax, Returning to 19th Century Tariff System
Former President Donald Trump discussed the possibility of eliminating federal income taxes during a Fox News appearance in the Bronx, suggesting a return to late 19th-century economic policies that relied primarily on tariffs for government revenue. “It had all tariffs — it didn’t have an income tax,” Trump said during the segment. “Now we have […]
Study: Canadian Dairy Farms Dumped $15B Worth of Milk in Ten Years
A new study reveals that Canadian dairy farmers disposed of an estimated 6.8 billion liters of surplus milk between 2012 and 2021, surpassing disposal rates in other major dairy-producing nations. The research, conducted by Dalhousie University in partnership with international scholars, estimates the wasted milk’s value at $14.9 billion. The study, led by ‘The Food […]