Andy Millette

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NRS Daily News

ZenaTech Drones as a Service

Tripp Mann Company Overview: ZenaTech is a drone technology company specializing in drone-as-a-service solutions across a variety of industries. Their fleet ranges from small drones used for warehouse inventory management

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Stock Market Valuations

1. Current Valuation: Near Historic Extremes The Shiller CAPE ratio—a cyclically adjusted P/E metric averaging inflation‑adjusted earnings over ten years—is currently hovering between 37–38, compared to its long-term average of

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Industry News

  • Russia’s Central Bank Delivers 200 bps Rate Cut as Inflation Slows

    On Friday, Russia’s central bank slashed its benchmark rate from 20% to 18%, matching economists’ expectations and marking its biggest cut in over three years. The move follows signs that consumer prices are cooling—CPI even dipped 0.05% week-on-week—and annual inflation has eased from a 10.3% peak in March to 9.17%. Having hiked aggressively since mid-2023 to curb overheating from surging military spending, the bank now projects 2025 inflation at 6–7% and maintains its 2024–25 GDP growth outlook of 1–2%. While businesses and Deputy PM Marat Khusnullin have pushed for steeper cuts—some calling for a 400 bps move—Governor Elvira Nabiullina and The post Russia’s Central Bank Delivers 200 bps Rate Cut as Inflation Slows appeared first on GoldSilver.

  • Gold Breaks Below 50-Day Average

    On Friday, spot gold extended its pullback—testing the $3,341.10 mark, which represents its 50-day moving average—after breaking below the short-term pivot of $3,347.97. Strength in the U.S. dollar and higher Treasury yields, coupled with renewed confidence in risk assets, prompted investors to trim their bullion positions. Technical indicators now point to a potential slide toward $3,310.48 if gold fails to hold the 50-day line, though a rebound above $3,347.97 could stabilize prices. The post Gold Breaks Below 50-Day Average appeared first on GoldSilver.

  • Gold Spot Price Explained: Why It Changes Every 15 Seconds

    If you’ve ever watched gold prices in real time, you’ve likely noticed something fascinating — the numbers just don’t sit still. Every 15 seconds or so, the gold spot price refreshes like clockwork, creating a steady rhythm of movement that can feel both hypnotic and confusing. But what’s really behind these constant shifts?  If you want to stay ahead in the precious metals market, you need to grasp why the gold spot price shifts so frequently — it’s knowledge that sets successful investors apart. Let’s break down what drives this rapid-fire price action, and more importantly, what it means for The post Gold Spot Price Explained: Why It Changes Every 15 Seconds appeared first on GoldSilver.

  • ECB’s Steady 2% Rate Prompts Banks to Scrap September Cut Forecasts

    Goldman Sachs and BNP Paribas now expect no further ECB rate cuts in 2025 after the central bank held its deposit rate at 2%. Both banks say the easing cycle is over—BNP even forecasts the next move will be a hike in Q4 2026—citing a resilient Euro-area economy and the likelihood of a U.S.–EU tariff deal. Other lenders, including HSBC and J.P. Morgan, have likewise pushed their first anticipated cut into late 2025 or beyond. The post ECB’s Steady 2% Rate Prompts Banks to Scrap September Cut Forecasts appeared first on GoldSilver.

  • Trump Tours $2.5 Billion Fed Renovation, Presses Powell on Rates

    President Trump toured the Fed’s $2.5 billion renovation site with Chair Jerome Powell, sparring over whether the cost has risen to $3.1 billion (Powell said that figure included a third building completed earlier). Trump used the visit to press for lower interest rates, but Powell defended the Fed’s independence. The renovations—covering the Eccles and East buildings—started in 2022 and are due in 2027, with security upgrades a major driver of cost. The post Trump Tours $2.5 Billion Fed Renovation, Presses Powell on Rates appeared first on GoldSilver.

  • Stronger Jobs Data, Rising Yields Weigh on Gold

    On Friday, spot gold eased to $3,357.25 an ounce (–0.3%) after U.S. jobless claims fell for the sixth consecutive week—the longest run of declines since 2022—reinforcing views that the Federal Reserve will keep rates unchanged at next week’s meeting. Treasury yields climbed, and swap markets trimmed their rate-cut forecasts to fewer than two this year, with October now seen as the most likely starting point. President Trump’s easing criticism of Fed Chair Powell boosted the dollar, making gold more expensive abroad. Despite this pullback, gold remains up about 25% year-to-date, buoyed by trade-war and geopolitical uncertainty. The post Stronger Jobs Data, Rising Yields Weigh on Gold appeared first on GoldSilver.

  • Gold Prices Cushion Newmont’s Production Dip, Boost Q2 Profit

    Newmont Mining — the world’s largest gold producer — posted adjusted Q2 earnings of $1.43 per share—beating the $1.18 consensus—as soaring gold prices offset an 8% drop in production to 1.48 million ounces. With bullion averaging $3,220/oz (up 12% QoQ and 40% YoY) and realized prices near $3,320/oz, higher revenues more than covered a small rise in all-in-sustaining costs to $1,593/oz. The miner has also trimmed debt by selling non-core assets, and is managing an incident where three workers remain trapped underground at one of its Canadian sites.ada to pay down debt after its blockbuster Newcrest acquisition. The post Gold Prices Cushion Newmont’s Production Dip, Boost Q2 Profit appeared first on GoldSilver.

Company Press Releases

Spotlight: The 8 gold projects involving US$3.4bn set to start production in Mexico in 2025-26

Published: Tuesday, July 22, 2025 At least eight gold projects with combined capex of US$3.4bn are expected to start production in Mexico this year and next, according to local mining chamber Camimex and the BNamericas project database. However, some of the projects still depend on the issuance of key permits, primarily environmental, as delays in approvals persist. Camimex stated in its 2025 annual report that, as of the end of 2024, 116 procedures were pending with environment ministry Semarnat and 107 with national water authority Conagua, “which together represent investments totaling US$6.9bn and the creation of 50,000 new jobs.” Mining companies operating in Mexico are focusing investments on expanding existing operations and covering maintenance costs, while the portfolio of new projects continues to shrink year after year following the suspension of new concessions at the end of 2018. The halt in granting new concessions – implemented during the administration of

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HelioStar Metals’ Major Milestone Restarting Gold Production at San Agustin

For more information about Heliostar Metals: https://www.heliostarmetals.com/ OTCQX: HSTXF TSX.V: HSTR We talk with Charles Funk of Heliostar Metals about the company’s exciting announcements and future plans. Heliostar Metals will restart mining at San Agustin with forecasted production increases, and the company aims to produce 150,000 to 200,000 ounces of gold per year by 2028. With no debt and no hedging, Heliostar is capitalizing on high current gold prices to fuel its growth and expansion strategy. Charles also discusses recent permissions received, cost-saving measures, and future expectations for cash flow and production. Tune in to hear more about Heliostar’s growth, financial health, and upcoming plans for the remainder of the year. 00:00 Introduction and Forward Guidance 01:11 Exciting News: Restarting Mining at San Agustin 02:03 Operational Details and Timeline 03:23 Financial Projections and Market Impact 06:05 Strategic Plans and Future Growth 09:45 Final Thoughts and Contact Information

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Is Investing in Gold Right for You? Pros and Cons

Heliostar to Restart Mining Operations and Invest in Growth at its San Agustin Mine, Durango

Highlights: Vancouver, Canada, July 22, 2025 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce the restart of mining operations at San Agustin, located in the state of Durango.  Heliostar presently produces gold from residual leaching at the San Agustin Mine.  The Company will increase production by mining the mineral reserve, principally in an area the Company describes as the Corner Area.  This is a key milestone to unlock increased value from San Agustin. “Heliostar is pleased to have met its forecast timelines to recommence mining at San Agustin.” commented Heliostar CEO, Charles Funk.   “Mining the Corner Area will produce 45,000 ounces of gold from the current reserve.  It will generate US$40M in cash flow at a US$3,000 gold price.  Heliostar has made this restart commitment, having complied with all the requirements to start mining and having approximately US$30M in cash

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What to Expect

I expect that the world is entering a time where there will be resource scarcity due to the under development of natural resources in global systems, global order and global supply chains. It is now more important than ever to understand the opportunities and the risks involved in natural resource investing. I promise you that I will bring you the best unfiltered information on natural resources, investing and global events. Whether you are a seasoned investor or just starting out, you’ll find valuable insights in the videos and on the podcast.