⛏ Newmont Beats Quarterly Profit Estimates

Newmont Beats Quarterly Profit Estimates
Gold miner Newmont reported better-than-expected quarterly profit and revenue, as well as “meaningful” improvement in the cost metrics around its full-year outlook, despite high expectations amid volatile gold prices. The stock fell anyway. Read on »

U.S. Imposes Substantial New Sanctions on Russian Oil Giants
President Trump has announced new sanctions on Russia’s two biggest oil companies as frustration in Washington grows over the war in Ukraine. The new sanctions, which would be the first direct U.S. measures on Russia during the second Trump administration, target Lukoil and Rosneft as well as nearly three dozen of their subsidiaries. Oil is one of Russia’s largest sources of revenue. Read on »

Recent Gold and Silver Selloff Reflect Rot in the Financial System
The correction wasn’t unexpected. Both metals were overbought, and bull markets don’t go up in a straight line. Corrections are healthy in an upward-trending market. However, in an interview with Kitco News, Danielle DiMartino Booth said she thinks more than just profit-taking drove the recent gold and silver selloff. Read on »