Source: Streetwise Reports 11/12/2024

As 321gold's Bob Moriarty discussed the outcome of the BRICS conference in Russia and the state of the gold market with Robert Sinn of Goldfinger Capital, he lamented the need for more young gold bugs to enter the market as the yellow metal enters what he predicted will be a five- to 10-year bull market.

Sinn said at a recent conference, despite recent record gold prices, two-thirds of the seats were empty at gold panels with experts talking about likely windfalls in 2025.

"If you went to a gold conference last year, what was the average age?" Moriarty said during the interview posted last month, guessing 67 "or higher." "We have to get young people into the market, and we have not done that yet. The fact is that nobody's (at) the gold show because they all died of old age."

Moriarty said he expects there will be plenty of those windfalls coming in the bull market. He said there "absolutely has to be" more majors doing acquisitions.

Before the Bre-X scandal of the 1990s, in which fraudulent samples led to the collapse of the CA$6 billion company, most major mining companies had their own exploration departments, which many later cut, Moriarty pointed out.

"Since 2000, all of the exploration has been juniors," he said. "So, there has to be a lot more M&A activity. There has to be."

Yukon Projects Won't Go For 'Chump Change'

Gold hit its latest record high on October 30. It slid after the election, but most experts agree it is in a bull market and will continue to be.

"We are still relatively constructive on gold," said Taylor Krystkowiak, investment strategist at Themes ETFs, according to a report by Ian Salisbury for Barron's. "Why does gold go up? It's geopolitical uncertainty, it's deficit spending, and it's inflation. Right now, all those stars are aligned."

Despite pushbacks during its rise, "gold continues to climb," Nick Fulton, managing partner at USA Pawn, told Newsweek. "When we saw US$2,600 an ounce gold, I thought US$2,800 by the end of the year. Now? We could see gold at US$3,000 an ounce happen in a 30-day time span."

Moriarty said the highest recent scores logged by sentiment indices on gold and silver, which are reflected in a scale of 0 to 100, are lower than he would expect at "88 for gold and 88 for silver."

"I would think it would be in the 90s, and it's not," he said. Silver, for instance, when it hit its all-time record high in 1980, had a score of 95, he said.

The juniors should be performing "three or four times higher, and they're not," Moriarty said.

"So, were in an interesting situation," he said. "We're going to have five to 10 years at least of a bull market. And when the dollar changes its value dramatically, it's going to drive gold and silver much higher."

Moriarty said the majors are "trying to go out and pick up copper projects now," which he doesn't think makes sense.

"The majors are always wrong," he said. "They're paying the most for projects at the very top. Projects are being given because they're not interested. But when you have four major projects in one small area in the Yukon (and) those projects are going into production, somebody is going to buy them. But I don't think they're going to buy them for chump change. I think it's going to cost some money."

BRICS Conference: 'Who Cares?'

The two also discussed the recent BRICS meeting Russia. An intergovernmental organization, BRICS is an acronym for founding members Brazil, Russia, India, China, South Africa. Iran, Egypt, Ethiopia, and the United Arab Emirates are all full members now and it has also expanded to add 13 new "partner nations."

But one thing it didn't do was settle on a common currency for the countries, which disappointed Moriarty.

"I think the BRICS meeting was really important, and I was hoping for kind of agreement on what the BRICS financial solution is, and they really didn't come up with it," he said. "It was a meet and greet, and they talked about opening commodities exchanges. Who cares?"

This potential currency would allow these nations to "assert their economic independence while competing with the existing international financial system," wrote Melissa Pistilli of Investing News Network. "The current system is dominated by the US dollar, which accounts for about 90 percent of all currency trading."

Russian President Vladimir Putin presented a colorful mockup of a BRICS bank note at the conference, but Moriarty wasn't impressed.

"They need to do something, but they haven't done it yet. "You've got dozens of countries that recognize (that) the stranglehold the United States has on the rest of the world geopolitically is a negative for the rest of the world. And they all agree that that needs to change, but nobody's talked about how to do it."

Sitka Gold Corp.

One company Moriarty and Sinn discussed was Sitka Gold Corp. (SIG:TSXV; SITKF:OTCQB; 1RF:FSE), which recently released high-grade intercepts from its RC Gold Project in the Tombstone Gold Belt of Yukon.

The standout results included one hole that returned 678.1 meters of 1.04 grams per tonne gold (g/t Au) from surface, including 409.5 meters of 1.36 g/t Au, and 93 meters grading 2.57 g/t Au. The intercept also contained a high-grade core of 5.5 meters grading 17.59 g/t Au.

The results extended gold mineralization approximately 200 meters deeper than any previously drilled hole at the Blackjack deposit, signaling the potential for continued high-grade mineralization at depth and showing persistent mineralization throughout the entire 708.7-meter length of the hole.

Moriarty said the company is drilling Clear Creek on the RC property now, "and I think we're going to see a lot. More 400-, 500-, 600-meter intercepts. So, what's going to happen is the majors are going to wake up."

He predicted the company could be another Snowline Gold Corp. (SGD:CSE; SNWGF:OTCQB), which "has somewhere between seven and eight times the market cap" of Sitka. At the time of writing, Snowline had a market cap of CA$883 million to Sitka's CA$129 million.

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1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Snowline Gold Corp.
2. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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( Companies Mentioned: SIG:TSXV; SITKF:OTCQB; 1RF:FSE, )

Event Begins: Thursday, November 14, 2024 3:00pm
Location: Medical Science Unit II
Organized By: Department of Molecular, Cellular, and Developmental Biology

Mentor: Kristen Verhey

UBS remain upbeat on further Federal Reserve interest rate cuts to come. Analysts at the bank acknowledge heightened concerns about inflation in the market, and also trimmed market pricing for cuts ahead.

Ahead of Wednesday's CPI report (Forexlive Americas FX news wrap 13 Nov: US CPI comes out as expected. USD continues rise) UBS points:

• Economic data signals a stronger-than-expected economy. Concerns about inflation remain

• Market expectations lean towards a slower pace of Fed rate cuts

• Fed officials view the current rate as restrictive but are balancing employment and inflation goals. A major inflation surprise would be required to shift policy outlooks.

• The Fed is likely to continue rate cuts, with a potential 25 basis point cut in December and further easing expected in 2025.

And, the data result was not enough to dissuade analysts at UBS from expecting further cuts from the FOMC ahead, referring to the in line CPI print not changing the underlying fundamentals and economy narrative.

***

The latest from FedWatch shows a solid expectation for a 25bp cut on December 18:

Reserve Bank of Australia Governor Bullock

• bond markets pretty well behaved globally
• bond markets reflecting increasing government debt
• think we are restrictive enough, will stay there until confident on inflation

More:

• recent inflation had both supply- and deand-sdie components
• aim is to lower inflation
• prices not going back to pre-covid level, that would be deflation and not going to have that

Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” has been surging in value since Donald Trump won the presidential election last week.

Su look se distingue fácilmente y disfrutan mirándose en el espejo. Son la generación post talibán al más puro estilo occidental.

Latest news bulletin | November 13th – Midday

Latest news bulletin | November 13th – Evening

Latest news bulletin | November 14th – Morning

Bonk coin continued its upsurge this week and reached $0.000034. It is the highest level in the past five months The victory of Donald Trump in the US Assembly election created a positive trend in the crypto market. All the cryptos including the meme coins benefited from this upsurge caused due to this positive trend. [...]

With the broader crypto market poised for a new bull run, large-cap investors are looking for emerging cryptocurrency projects that could beat popular altcoin frontrunners like Shiba Inu (SHIB) or Dogecoin (DOGE).  Rexas Finance is an up-and-coming crypto project that focuses on the tokenization of real-world assets (RWA) – from real estate and art to [...]

The Bermuda Powerboat Association [BPBA] made a $3,000 donation to the St John’s Ambulance Service, with the organisation noting that they “are very grateful for St John’s support of the BPBA, always being at our races and at the ready.” Related Stories BPBA Donates $2,000 To St. John’s Ambulance BPA Donates $1,000 To St. John […]

Joey Logano responded to critics of his NASCAR Cup Series Championship win with, "It's a bunch of bull----" and discussed the NASCAR playoff structure.

Bitcoin continued to make records as supportive inflation numbers raised the market's expectations of further interest rate cuts by the Federal Reserve. What Happened: The world's largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the…

Asa Vermette, Vali Holl, Sam Hill, Erice Van Leuven, and Gee Atherton are all on the list.
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A councillor in Three Rivers, P.E.I., says the vitriol in the town has become so bad that she has trouble sleeping at night, worries what her family will hear on the streets, and can't even go to the grocery store without plotting an exit strategy.

A pregnant woman and her family in Maharashtra's Jalgaon district had a close shave on Wednesday evening after the engine of an ambulance caught fire and an oxygen cylinder exploded minutes later.

In a landmark judgment yesterday, the Supreme Court demolished the idea of 'bulldozer justice' that several state governments had unleashed against accused in heinous criminal cases.

A pregnant woman and her family in Maharashtra's Jalgaon district had a close shave on Wednesday evening after the engine of an ambulance caught fire and an oxygen cylinder exploded minutes later.

In a landmark judgment yesterday, the Supreme Court demolished the idea of 'bulldozer justice' that several state governments had unleashed against accused in heinous criminal cases.

1. Poetry To UK Precedent: What Went Into Landmark 'Bulldozer Justice' Verdict  NDTV
2. Daily Court Digest: Major environment orders (November 13, 2024)  Down To Earth Magazine
3. How the Supreme Court clamped down on ‘bulldozer’ demolitions | Explained  The Hindu
4. Officers Carrying Out Illegal Demolitions Liable To Restore Properties At Personal Cost & Pay Damages:...  Live Law - Indian Legal News
5. Video | Dimple Yadav Slams BJP Over 'Bulldozer Action' In Supreme Court Statement  NDTV

Coby White made three free throws with 3.2 seconds left to cap his 22-point effort, and the Chicago Bulls rallied after squandering a 22-point lead to beat the host New York Knicks, 124-123, in the NBA on Wednesday. After falling behind 90-68 late in the third quarter, New York — playing the second leg of a back-to-back — ended the period on a 17-0 run to set up an intense fourth quarter. There were 10 lead changes in the final period, the last coming on White’s free throws on a tough foul call against Josh Hart. "They called a foul, […]...

Keep on reading: NBA: Coby White, Bulls hold off hard-charging Knicks

PORT-AU-PRINCE — Doctors Without Borders (MSF) said on Wednesday that at least two patients were killed when its ambulance was stopped and attacked earlier this week in Haiti's capital Port-au-Prince.  The MSF staff said they were violently attacked on Monday after "members of a vigilante group and law enforcement officers" stopped the ambulance.  The ambulance, transporting three young people with gunshot wounds, was halted about 100 meters from the MSF hospital in the Drouillard area of the capital and forced to transfer the patients to a public hospital, MSF said.  The group said police attempted to arrest the patients before escorting the ambulance to the hospital, where "law enforcement officers and members of a self-defense group surrounded the ambulance, slashed the tires, and tear-gassed MSF staff inside the vehicle to force them out."  The wounded patients were taken a short distance away and at least two were executed, the group said.  "The act is a shocking display of violence and it seriously calls into question MSF's ability to continue delivering essential care to the Haitian people," said Christophe Garnier, MSF's head of mission.

MUMBAI: India’s Supreme Court on Wednesday strongly criticised states which were demolishing properties of suspected criminals, a practice critics say targets mostly minority Muslims, and issued guidelines to authorities.

The verdict came in response to many petitions filed after demolitions in states ruled by Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP) in recent years.

BJP governments in the states have torn down what they say are illegal houses or shops of people accused of crimes, many of them Muslims, in what has come to be popularly known as “instant, bulldozer justice”.

Rights groups and opposition parties have denounced the practice, saying it targets mostly poor Muslims while circumventing the judicial process.

Verdict comes in response to many petitions filed after demolitions targeting Muslims

BJP governments have rejected the accusations and said such properties were in violation of local laws and the owners had been served notices.

On Wednesday, a two-judge bench of the Supreme Court ruled that the state and its officials cannot take arbitrary action against suspects or convicts without following the due process of law. It also laid down guidelines, including issuing prior notice and taking a video of the demolition process. “It is not a happy sight to see women, children and aged persons dragged to the streets overnight. Heavens would not fall on the authorities if they hold their hands for some period,” the court said. There was no immediate reaction to the verdict from the BJP.

Bulldozer action

Calls for India to enshrine Hindu supremacy in law have rapidly grown louder after Modi government’s success in 2014. Hindu nationalist groups were emboldened in their campaign against Muslim religious structures.

“Bulldozer action”, popularly known as “bulldozer justice”, were actions observed by many practitioners as a campaign against the Muslim minority, bulldozing their homes, mosques and shopfronts.

The practices were mainly observed after Yogi Adityanath, Chief Minister of Uttar Pradesh and a saffron-robed Hindu monk seen as a potential successor to Prime Minister Modi, championed the bulldozer as a symbol of his commitment to law and order and as a potential tool to use against “trouble-makers” in 2017. Since then “bulldozer politics” have spread elsewhere in the country and demolition campaigns have begun quickly following on the heels of outbreaks of religious unrest.

Officials said the spate of demolitions were lawful as they only targeted buildings constructed without legal approval. But victims of the campaign deny that their dwellings are illegal, and say they are not given the legally required notice period to dispute demolition orders.

Published in Dawn, November 14th, 2024

The dwindling Never Trump faction has nothing left to offer but contempt for Trump voters and fantasies of destroying the Constitution.

1. SC bans ‘bulldozer justice’, calls it unconstitutional, drafts norms  The Times of India
2. Poetry To UK Precedent: What Went Into Landmark 'Bulldozer Justice' Verdict  NDTV
3. Right To Shelter A Facet Of Article 21; State Must Satisfy Why Entire Property Needs To Be Demolished :...  Live Law - Indian Legal News
4. Supreme Court verdict on bulldozer demolitions: Jamiat hails verdict, victims seek compensation  The Hindu
5. SC lays down path, timeline that bulldozers must follow  The Times of India

The charity says its ambulance was attacked and patients and crew ambushed by Haiti officers.

All India Majlis-e-Ittehadul Muslimeen (AIMIM) President Asaduddin Owaisi on Wednesday welcomed the Supreme Court order on 'bulldozer justice'.

Aimed at enhancing emergency response across Kerala

It is a significant step towards safeguarding the rule of law and fundamental rights of citizens, say Jamiat leaders

Last week’s premiere of Arms and the Man by renowned Irish-born playwright George Bernard Shaw sparked raucous protests by nationalist groups

Although public opinion favours outlawing bullfighting in France, a bid to ban the practice failed in 2022

The Apex court maintains that these guidelines do not apply in cases of unauthorized public land construction or where demolition is mandated by a court ruling

The top court has issued a slew of guidelines aimed at ensuring institutional accountability to curb retributive demolitions by state authorities

Destroying family homes, leaving entire families homeless, amount to anarchy: Justice Gavai

cock and bull story CANVAS EDITION by Will Bullas is a(n) Limited Edition. The Edition is Limited to Limited Edition of 75 pcs

Хуан-Пабло Монтойя прокомментировал ситуацию, в которой оказался Серхио Перес. Бывший гонщик Формулы 1 считает, что Перес продолжит выступать за Red Bull Racing в следующем сезоне, хотя в самой команде этого не хотят.

1. ‘Bulldozer will remain parked in garage’: Akhilesh Yadav, Asaduddin Owaisi welcome Supreme Court guidelines | Mint  Mint
2. Officers Carrying Out Illegal Demolitions Liable To Restore Properties At Personal Cost & Pay Damages:...  Live Law - Indian Legal News
3. On ‘bulldozer justice’ Supreme Court sends a message. Will it be heard?  The Indian Express
4. Supreme Court's Demolition Verdict Will Help Curb Organised Crime: UP  NDTV
5. Supreme Court verdict on bulldozer demolitions: Jamiat hails verdict, victims seek compensation  The Hindu

The knives have come out. CNN is hosting many of these right wing Democrats who make millions off the party and its members and then use right wing rhetoric to take it down after their own failures.

I put up the entire transcript of his sleepwalking nonsense of what the Democratic party is. Reiness' version of what what he perceives the party is comes right out of the the dead hands of Roger Ailes.

It's ludicrous. Every "woke" complaint he has comes right out of the mouth of Christopher Rufo. Anus Reiness has taken Kellyanne Conway's alternative facts nonsense to the extreme. How CNN believes this man speaks for the party is beyond me.

REINESS: Either way, here's the problem, I'm not concerned right now what the right thinks about the Democratic Party.

I'm concerned about what I think about the Democratic Party. I don't like to echo the congressmen, all three of them, I don't like the fact that a small portion of our party is pretty much dictating where we are. That they are pretty much, we are being branded as the most extreme of us. It is not only politically problematic, as we just saw, because none of this stuff helped the other day.

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<span class="bold">Sponsored</span>: In the inaugural women’s competition, riders pioneered new lines with innovative tech from Samsung Galaxy.
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Blue Jays manager Charlie Montoyo was so impressed with Aaron Sanchez's first bullpen session of the spring that it would have been almost impossible to wipe the smile off his face afterwards.

Through the ups and downs of starting a new team, millennial workers see fruit when they start asking the right question.

1. How Yogi Adityanath government reacted to Supreme Court's 'bulldozer justice' ruling  Moneycontrol
2. How the Supreme Court clamped down on ‘bulldozer’ demolition drives | Explained  The Hindu
3. Officers Carrying Out Illegal Demolitions Liable To Restore Properties At Personal Cost & Pay Damages:...  Live Law - Indian Legal News
4. Supreme Court's Demolition Verdict Will Help Curb Organised Crime: UP  NDTV
5. SC parked bulldozer in garage forever: Akhilesh Yadav  Hindustan Times

In a fresh bid to empower its over 300 million users, the micro-blogging website Twitter on Wednesday made it easier for them to report cyberbullying.