NewsRoom Articles - Page 11 of 158

FridayDec 06, 2024 8:00 am

Sam Altman Expresses Confidence in the US Leading the AI Race

Sam Altman, the CEO of OpenAI, has voiced his confidence in President-elect Donald Trump supporting the AI sector and ensuring that America, together with its allies, retain pole position in this nascent industry. Altman was speaking during a recent interview with Fox News. During the interview, Sam Altman highlighted the fact that support in the form of massive infrastructure needed to be directed to the artificial intelligence industry. Altman added that he was certain that the incoming administration would provide this needed support. He reiterated that the massive infrastructure was necessary to enable the U.S. to stamp its leadership on AI technology and AI…

ThursdayDec 05, 2024 10:00 am

Gold Retreats as the USD Strengthens

The price of gold dropped as the greenback’s value rose, with France’s National Rally Party led by Marine Le Pen announcing that it was willing to support a no-confidence motion against the government led by Prime Minister Michel Barnier. This is based on disputes over the proposed budget for next year that would see taxes hike and spending reduce in a bid to reduce the country’s deficit. This has in turn, added more pressure on French government bonds and the euro. On the other hand, the greenback is being strengthened by the U.S. president-elect’s rhetoric on BRICS nations, with Trump…

ThursdayDec 05, 2024 9:30 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Reports ‘New Understanding of Gold’ at Parbec Gold Project

Bank of America notes that gold remains “the ultimate perceived safe-haven asset.” While demand for gold grows, the industry faces challenges in maintaining adequate supply. New initiatives at Parbec intended to increase deposit knowledge base and move production forward. According to a Bank of America analyst, gold could reach $3,000 per ounce next year (https://ibn.fm/NRDTZ), a forecast welcomed by those in the gold space, including Renforth Resources (CSE: RFR) (OTCQB: RFHRF), an active mineral exploration company. “Bank of America released a bullish note on gold [in October], just as the precious metal reached new record highs at $2,696 per ounce,” a Benzinga article…

ThursdayDec 05, 2024 8:45 am

Riding the Wave of the Next Commodity Supercycle

Within the past several years, commodity prices reached a 50-year low relative to equity valuations (https://ibn.fm/QrRMU). Historically, such lows in the commodity-to-equity ratio have marked the onset of new commodity supercycles—prolonged periods of sustained growth in raw material prices—and we’ve clearly seen the markets shifting with gold hitting all-time highs throughout much of this year. As global economic conditions evolve, commodities have been re-emerging as an important consideration when reconstructing investment portfolios. The last major commodity supercycle (1996–2011) was fueled by the industrialization of emerging economies like China, India and Brazil. Today, a combination of inflationary pressures, supply chain disruptions,…

WednesdayDec 04, 2024 8:45 am

Torr Metals Inc. (TSX.V: TMET) Distinguishing Itself: Driving New Exploration and Discovery in Canada’s Premier Mining Districts

In just over one year, Torr Metals has identified six undrilled gold anomalies covering a 1.2 x 2-kilometer (“km”) corridor, with gold soil grades up to 1.32 g/t Au along the Trans-Canada Highway; additional 2024 surface assays pending testing a highly prospective 7 km strike-length to potential mineralization At the 100% owned Kolos Copper-Gold Project, Torr’s inaugural soil sampling over the past year defined a 7 km porphyry trend with three undrilled copper-gold centers, boasting a footprint 33% larger than Copper Mountain Mine and double the average grades of regional deposits Investors can look forward to continued updates on upcoming…

TuesdayDec 03, 2024 10:00 am

Codelco Ramps Up Copper Production to Attain 2024 Targets

Codelco, a copper mining firm owned by the government of Chile has increased its production in an effort to meet this year’s targets. Copper is a critical metal, given its use in the green energy revolution and the increase in use of electric vehicles. The company, which is the biggest producer of copper globally, is trying to revive output following a weak first half of the year and a more than two decade low. Sources reveal that the company hopes to close 2024 with 1.33 million metric tons of copper, a 0.5% increase from its 2023 figure. In an internal…

MondayDec 02, 2024 10:00 am

Gold Slides as Markets Weigh Fed Outlook, Treasury Pick

Earlier this week, the price of gold fell as signs of reducing political tensions in the Middle East diminished appetite for the precious metal. In a statement, the Israeli ambassador to the United States revealed that Israel was possibly days away from a cease-fire agreement with Hezbollah of Lebanon. This comes after Israel breached the country’s borders on October 1st, an escalation of the Israel-Hezbollah conflict. TD Securities’ Global Head of commodity strategy Bart Melek explained that there was a positive risk-gold relationship, noting that a reduction in risk resulted in a decrease in the price of gold. Bullion saw…

WednesdayNov 27, 2024 9:30 am

AI Boom Transforms Nearly 150-Year Old Japanese Firm into the Country’s Hottest Stock

The current boom in AI has turned a previously little-known Japanese company into a star on the stock market. Fujikura, which has been in existence for the past 139 years, has shot to fame because of its longstanding excellence in making cables for data centers. Since the beginning of this year, the shares of this company have seen a whopping 400% rise in value. Consequently, Fujikura is top of the best performing stocks on the Stock Average Index of the Nikkei 225. Because of this stellar performance, the company made its debut on the MSCI’s worldwide standard indexes. This is…

TuesdayNov 26, 2024 10:00 am

Texas Wants to Create Silver and Gold-Backed Fiat Currency

Rep. Mark Dorazio has filed two measures that, if approved, would establish silver and gold-backed transactional currencies. The Texas legislator filed House Bills 1056 and 1049 earlier this month. In a report from the 10th Amendment Center, National Communications Director Mike Maharrey explained that under the proposed regulations, the state’s comptroller would issue silver and gold coins through the state’s Bullion Depository and set up a silver and gold transactions currency. The depository would also be required to hold enough silver and gold to back the issued currency. If passed, the measures would allow holders of silver and gold coins…

FridayNov 22, 2024 10:00 am

Silver is Set to See a Deficit This Year, JPMorgan Update Notes

Silver was the best performing metal for last week, despite its price being 3.5% lower. The precious metal is used in electronics, jewelry, solar panels, and electric vehicles, as well as an investment. The Silver Institute expects that the international silver market will record a physical deficit this year, making it the fourth year in a row this has happened. Recovery in the demand for jewelry and silverware as well as industrial demand is expected to increase aggregate demand to 1.2 billion ounces. This is despite the 16% drop in physical investment in the metal. Supply from mines is also…

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