Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
Drones Attack Russia From All Sides
Chaos erupted in Russia overnight as drones swarmed multiple regions, sparking an explosion at an oil depot and the deployment of fighter jets near St. Petersburg, according to local reports.One strike at around 2 a.m. in the Krasnodar region was less than 100 feet from a Russian Defense Ministry barracks, the independent Agentstvo News reports. […]
China Sticks Close to Russia as It Makes Cautious Diplomatic Push
WorldAsiaChinaBeijing has sought to cast itself as an advocate for peace in Ukraine, but shown little willingness to distance itself from Moscow’s positions Source link
AI Paves the Way for CBDCs and a ‘Scary as Hell’ Future, How to Protect Yourself: Frank Giustra
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine […]
Palm oil re-emerging as ‘discount oil’, says USDA
Palm oil is re-emerging as the global discount oil despite Indonesia’s efforts to boost its prices through its bio-diesel policy, the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA) has said in its latest report ‘Oilseeds: World Markets and Trade’ It said the current discount level between palm and soyabean oil will […]
Europe at Debt’s Door by Hans-Werner Sinn
The European Commission’s ongoing borrowing spree is economically irresponsible and clearly inflationary. By continuing to issue common bonds to finance its expenditures, the Commission is harming European savers and undermining the creditworthiness of national governments. MUNICH – Hit hard by the COVID-19 pandemic and the war in Ukraine, the European Union needs money. And given […]
Long-term trend remains tilted to the upside – SocGen
Share: The rally in EUR/USD came to a shuddering halt after the dovish market interpretation of the ECB rate decision. Still, economists at Société Générale note that the long-term points to the upside. Further profit-taking cannot be ruled out “Tactically, further profit-taking cannot be ruled out.” “The ECB may try to correct the […]
As China and Russia get “closer” and Beijing invests in nuclear weapons, NATO focuses on new “friends”
Tokyo — China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe, NATO Secretary-General Jens Stoltenberg said Wednesday as he sought stronger cooperation and more “friends” for NATO in the Indo-Pacific region. Stoltenberg said China is increasingly investing in nuclear weapons and long-range missiles without providing transparency […]
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]
U.S. “concerned” as South Africa to hold war games with Russia, China on Ukraine invasion anniversary
Johannesburg — Next month, on the one-year anniversary of the start of Russia’s full-scale invasion of Ukraine, South Africa will be hosting Russian and Chinese forces for a joint naval exercise. The timing of the drills — which were apparently planned during Russian President Vladimir Putin’s unprovoked assault on Ukraine — have the U.S. “concerned,” […]