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<p>Tariff revenue is closing the budget deficit, but federal spending continues to increase, erasing some of those gains and driving Uncle Sam deeper into debt.</p> <p>The federal government ran a <strong>$94.62 billion deficit</strong> in January, according to the monthly Treasury statement. That was down 26 percent compared to January 2025.</p> <p>The year-on-year drop was built

<p>The silver market is projected to run its sixth straight structural supply deficit in 2026 as investment demand remains high.</p> <p>Based on preliminary data compiled by the Silver Institute, silver demand outstripped supply by about 95 million ounces last year, leading to the fifth straight market deficit. Including the projected 2025 shortfall, the 5-year market

<p><span style="font-weight: 400;">In this episode of the Money Metals Midweek Memo, host Mike Maharrey opened with a story from his childhood about a quarter superglued to a school cafeteria floor.</span></p> <p><span style="font-weight: 400;">In the 1980s, a quarter could actually buy something. If it had been minted before 1965, it would have contained 90 percent silver.

<p>The Federal Reserve put interest rate cuts on pause at the January meeting. The central bankers cited expanding economic activity and a stable labor market as reasons for the pause.</p> <p>The official FOMC statement asserted that while &ldquo;<em>job gains have remained low</em>, <em>the unemployment rate has shown some signs of stabilization.</em>&rdquo; In his post-meeting press

Precious metals markets are back in motion, and when gold is working, investors inevitably start looking for leverage in smaller-capitalization companies. That’s usually when past-producing districts, underexplored ground, and companies with real drill-ready targets begin to matter again. That’s the lens through which I view Adamera Minerals Corp. (ADZ:TSX.V). This is a company operating in

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) is a U.S.-focused copper exploration company listed on the CSE, with its primary asset being the Majuba Hill Copper Project in Nevada. The company has spent several years methodically advancing this project through drilling, geophysics, and geological modeling, steadily building a large technical dataset while operating in one

Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC) shared a strategic update in a February 10 release on its fully owned, 171 square-kilometer Keno Silver project in Canada’s Yukon Territory, a region renowned for its high-grade silver deposits, boasting over 300 million ounces (Moz) of past production and current reserves and resources. The project is situated next to

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) released its annual Report Card on its corporate objectives, meeting 14 of its 16 goals for 2025, according to a February 10 release. The top of the list remains finding a partnership agreement for its massive flagship KSM Project in northwestern British Columbia, which currently boasts the largest publicly disclosed undeveloped

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has re-engaged geoscience technology company Exploration Technologies Inc. (ExploreTech) to assist with drill targeting at its Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada. The company announced that ExploreTech’s proprietary Engine AI platform will be used to generate thousands of subsurface geological models, aiming to pinpoint the most

Streamex Corp. (STEX:NASDAQ) is attempting something ambitious but timely: building institutional-grade infrastructure that allows real-world commodity assets, starting with gold, to move on-chain in a regulated, yield-bearing format. The company was formerly known as BioSig Technologies, Inc. and completed its name change to Streamex Corp. in September 2025, signaling a strategic pivot toward tokenization and

Scorpio Gold Corp. (SGN:TSX.V) announced the assay results from three drill holes from its 2025 drilling initiative at the Manhattan District Project in Nevada, according to a February 11 release. To date, Scorpio Gold has completed 44 drill holes in its Phase Two diamond drilling program, from 25MN-011 through 25MN-045 and 26MN-046 through 26MN-054, totaling

<p>When should I sell my gold?</p> <p>With prices hitting record highs, a lot of people are asking whether they should sell or hold. In this episode of the Midweek Memo podcast, Mike tackles this question, using the example of a luxury hotel that literally tore gold bars out of its floor to sell. He also

The metals markets are doing what they tend to do at this stage of the cycle. Gold and silver are pushing higher, capital is rotating back into quality jurisdictions, and investors are once again paying attention to companies that can combine ounces in the ground with a credible path to cash flow. Against that backdrop,

Eloro Resources Ltd.’s (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) Iska Iska flagship project in southern Bolivia, a 9-square-kilometer silver-tin discovery, has the potential to be one of Bolivia’s largest finds in centuries and one of the biggest bulk tonnage operations globally, according to an article by BTV on February 5. Despite being located in a mineral-rich region of

Gold and silver crashed and burned on Friday, January 30, according to the headlines. It was indeed a bad day: gold fell $481, or 9% (close to close), or 12.5% from Thursday’s high of almost $5,600. Silver plunged 26% (close to close), its worst one-day performance ever. The major gold and silver miner ETF (GDX)

GR Silver Mining Ltd. (GRSL:TSXV) announced the results of metallurgical test work completed as part of its Bulk Sampling Test Mining Program (BSTM) at the Plomosas Silver Project in Mexico. Conducted at the Mexican Geological Survey (SGM) laboratories in Chihuahua with assaying by SGS Mexico in Durango, the studies were aimed at supporting engineering and

Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) announced that it is preparing to conduct a series of airborne geophysics surveys at its Ammo antimony-gold project, located in Nova Scotia, Canada. The surveys have been designed using 50-meter flight lines and will gather data related to associated sulfide mineralization, sericite, and potassic alteration, as well as possible pathfinder

Heliostar Metals Ltd. (HSTR:TSX.V;  HSTXF:OTC;  RGG1:FRA) reported that the first official gold pour from restarted mining operations at its 100% owned San Agustin mine occurred in late January 2026. The company previously announced on December 18, 2025, that it resumed mining, crushing, and stacking of new ore on the leach pad in the fourth quarter

Fitzroy Minerals Inc.’s (FTZ:TSX.V; FTZFF:OTCQB) common shares have now qualified to trade on the OTCQX Best Market in the United States, having been upgraded from the OTCQB Venture Market, according to a February 2 release. “We are excited to have qualified for graduating to the OTCQX market. This graduation improves our visibility to U.S. investors,

<p>Despite <a href="https://www.moneymetals.com/news/2026/01/31/some-thoughts-on-the-gold-and-silver-sell-off-004652&quot;>the recent selloff</a>, <span>Canadian Imperial Bank of Commerce (CIBC)</span>&nbsp;remains bullish, forecasting $6,000 gold and $100 silver in 2026.</p> <p>The Canadian bank significantly upped its gold price forecast from $4,500 in October. CIBC analysts extended their bullish forecast into 2027, projecting an average price of $6,500 next year.</p> <p>As for silver, the Canadian bank

<p>Fundamentally, gold is money, but it does have other practical uses, contrary to what some ignorant commentators might tell you.</p> <p>Gold demand in the tech and industrial sectors was generally flat at 222.8 tonnes in 2025. This was down about 1.5 percent from 226.2 tonnes the previous year.</p> <p>The vast majority of industrial gold demand

<p>Analyst Clive Maund discusses the downside correction and how gold and silver appear to have been halted, 0– with precious metals turning back up.</p> <p>Using fresh <a href="https://www.moneymetals.com/gold-price&quot;>charts of spot gold</a>, <a href="https://www.moneymetals.com/silver-price&quot;>spot silver</a>, and the US dollar, he walks through the parabolic uptrends, the recent &ldquo;blow‑off&rdquo; tops, and the key support zones that have

Source: Michael Ballanger 02/09/2026 Michael Ballanger of GGM Advisory Inc. shares his thoughts on the market. Well, there you have it. No sooner had the pundits sounded the death knell for U.S. equities on Thursday afternoon than the Wall Street “conspiriati” sprang into full response mode, taking the venerable Dow Jones Industrial Average to record

Most junior mining stories ask investors to wait. Wait for drilling. Wait for a discovery. Wait for permits. Wait for financing. What makes this situation different is that the first value driver is not a drill bit, but cash flow, and exploration comes second, funded internally rather than by dilution. ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)

Domestic Metals Corp. (DMCU:TSX; DMCUF:OTC; 03E:FSE) is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas. The company aims to discover new economic mineral deposits in historical mining districts within geologically attractive mining jurisdictions . . . and to do it

Regency Silver Corp.’s (RSMX:TSX.V; RSMXF:OTCQB) ongoing 2026 drilling program at its Dios Padre project in Sonora, Mexico, has intersected sulfide-specularite-bearing breccia and vein-infill across multiple zones within a broad interval, according to a February 5 news release. Hole REG-26-28 was drilled approximately 75 meters below hole REG 25-26 and encountered extensive mineralization from around 430

ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) announced the expansion of its Montauban land position in Québec through the staking of 144 additional mining claims totaling approximately 7,668 hectares. The new claims increase ESGold’s total Montauban holdings to 417 mining claims covering approximately 20,618 hectares, representing the largest contiguous mineral tenure held by a single company in

Algo Grande Copper Corp. (ALGR:TSX.V) announced initial drill results from its first drilling program at the Adelita Project in Sonora, Mexico, according to a release on February 5. Drill hole AG_GC_002 intersected a total of 41.6 meters of cumulative skarn mineralization across five well-mineralized horizons, including three previously unidentified horizons, confirming a significant expansion of

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; X7W:FSE) announced new drill results from testing at the Pearl zone within the Gold Rock Target Area. The company reported that the results showed continued expansion of mineralization at Gold Rock, including the discovery of two new footwall zones parallel to the main Elora shear structure at Pearl. According to

Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB) announced that it is developing exploration and metallurgical programs focused on understanding the critical mineral potential of its South Contact District properties, located in Minnesota’s Duluth Complex. The company stated that these properties may host critical mineral resources including titanium, copper, nickel, cobalt, platinum group elements, vanadium, and

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) announced results from successful infill drilling that expanded the high-grade gold and silver mineralized trend at the Homestake Silver deposit, as stated in a February 4 release. In the 2025 program, a total of 29 drill holes were completed at Homestake Silver and two at Homestake Main, with

<p><strong><em>(February 9, 2026 &ndash; Pierre, SD) &ndash;</em></strong> The South Dakota legislature today rejected a vendor-inspired &ldquo;transactional gold&rdquo; bill that would harm South Dakotans, free enterprise, and the gold industry by entangling the state in a sweeping, government-run gold scheme.</p> <p>The South Dakota Senate State Affairs Committee voted 7-1 to kill Senate Bill 112 today, making

<p>The <a href="https://www.moneymetals.com/podcasts/2025/11/12/the-debt-black-hole-004473&quot;>Debt Black Hole</a> got a little bigger as U.S. consumer debt unexpectedly surged in December. Americans apparently put a Christmas spending spree on Visa and Mastercard.</p> <p>Consumer debt climbed by $24 billion, a 5.7 percent increase, according to <a href="https://www.federalreserve.gov/releases/g19/current/?tblci=GiBdY-MYH1-nD-WW6UXCXAtHBPIEdPpDc50r48qPeOICrCDKuWUow8jry8SFw-EvMLzYPQ&quot;>the latest data from the Federal Reserve</a>.</p> <p>Americans are now buried under <strong>$5.11 trillion</strong>

<p>When I was a kid, someone superglued a quarter to the cafeteria floor at my junior high school. We enjoyed several days of entertainment watching people trying to pick that quarter up.</p> <p>A few kids were super-aggressive in their efforts to unstick that quarter. (Keep in mind, this was the 1980s. A quarter went a

<p><span style="font-weight: 400;">In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with veteran </span><a href="https://share.google/zzsIw02exsr4KGSYb&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">investment advisor J. Ted Oakley</span></a><span style="font-weight: 400;">, founder of Oxbow Advisors. Oakley brought more than 40 years of experience advising high-net-worth clients, but the conversation began far from Wall Street.</span></p> <p><span style="font-weight:

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announced the completion of drilling and the receipt of all analytical results from its recent drill program at the fully permitted Imwelo Gold Project in northern Tanzania’s Lake Victoria Goldfield, according to a release on February 5. With permits secured and key technical work programs now finalized, Imwelo

Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) announced that it has commenced work on an updated National Instrument 43-101 compliant mineral resource estimate for its 100 percent owned Clarence Stream Gold Project in southwest New Brunswick, Canada. The project currently hosts a 2022 mineral resource estimate of 12.4 million tonnes at 2.3 grams per tonne gold in

View Important Disclosures for this Article Close Important Disclosures: ESGold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.  As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of ESGold.

Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) announced that it has been selected to join the U.S. Defense Industrial Base Consortium (DIBC) — a U.S. Department of Defense-supported initiative focused on enhancing collaboration across industry, academia, and government to advance solutions aligned with U.S. and allied national security priorities, according to a February 4 release. Eloro

Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB) reported that it has launched exploration and metallurgical programs aimed at evaluating the critical mineral potential of its South Contact District properties in Minnesota’s Duluth Complex. According to the company, the properties may contain resources such as titanium, copper, nickel, cobalt, platinum group elements, vanadium, and iron. The

Scorpio Gold Corp. (SGN:TSX.V) announced assay results from four additional drill holes as part of its ongoing 2025 Phase Two diamond drilling program at the Manhattan District Project in Nevada. Of these, hole 25MN-039, drilled along the Reliance Trend, returned 0.44 grams per tonne (g/t) gold over 41.22 meters from a downhole depth of 91.29

Goldsky Resources Corp. (GSKR:TSX.V) has begun the 2026 winter drilling season at its fully owned Rajapalot property in northern Finland, according to a February 3 release. Four diamond drill rigs have been mobilized to the site over the past weeks, initiating a 10,000-meter drilling program at Rajapalot, the company said. Approximately 8,000 meters will focus

Gold and silver didn’t politely drift lower these past couple of weeks. They got slammed — late last week, again early this week, and once more starting in Wednesday’s overnight session. And if you were watching the screen without context, you’d think something fundamental had snapped. But if you’re thinking that, you’re wrong… What broke

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss this week&rsquo;s Money Metals exclusive interview, this time with Ted Oakley with Oxbow Advisors out of Austin, Texas. Ted shares his amazing insights as a longtime advisor for high-net-worth investors and the tricks of the trade he&rsquo;s learned over his decades

<p>The Seattle Seahawks will square off against the New England Patriots in the Super Bowl on Sunday. The winner will take home a big chunk of silver.</p> <p>And it is worth a heck of a lot more than the trophy the Philadelphia Eagles took home last year.</p> <p>Of course, I&rsquo;m referring to the Super Bowl

<p>Underscoring the fact that gold is money, Tanzania plans to use part of its gold reserves to finance infrastructure development.</p> <p>Late last month, President Samia Suluhu Hassan directed the Tanzanian central bank to liquidate a portion of its $1.3 billion in gold reserves.</p> <p>The move comes as foreign development aid for African countries declines. &nbsp;</p>

Torr Metals Inc. (TMET:TSX.V) is a junior exploration company focused on copper and gold discoveries in established mining districts with infrastructure, operating mines, and clear strategic relevance to major producers. The company controls three district-scale projects in British Columbia and Ontario, with its current efforts squarely focused on advancing a potential company-making discovery at the

Carlton Precious Inc (CPI:TSXV; CPIFF:OTCMKTS) announced assay results from a rock chip sampling program completed in late 2025 at its 100%-owned Dunfee Project in Nevada. The company reported gold values of up to 6.7 g/t and silver assays reaching 493 g/t from a total of 35 rock chip samples collected from mineralized vein structures and

Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced new drilling results from its Quesnelle Gold Quartz Mine property in British Columbia, according to a release on February 3. The company reported intersecting 0.42 grams per tonne gold (g/t Au) over 47.01 meters from the surface in diamond drill hole QGQ25-25, within a broader anomalous