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Canada’s Greenland Resources Secures 30-Year Permit to Mine Defense-Critical Molybdenum

Toronto-based Greenland Resources Inc. has received a 30-year permit to mine molybdenum and magnesium at the Malmbjerg project in east Greenland. This is significant because molybdenum is essential for steel and defense manufacturing, with only China (87%) and the US (13%) currently producing it. The Canadian company says the project could supply all of Europe’s defense molybdenum needs for decades.

The permit comes as Greenland faces increased geopolitical attention from both the US and EU, who want to reduce dependence on Chinese raw materials. Greenland’s government sees the project as a step toward economic self-sufficiency and job creation, following recent approvals for gold and graphite mining projects.

Why Bid-Ask Spreads Matter for Precious Metals Investors
Articles

Why Bid-Ask Spreads Matter for Precious Metals Investors

Imagine walking into a gold dealer’s shop. You see gold trading at $2,000 per ounce on the news, but when you ask to buy, the dealer quotes $2,040. When you ask what they’d pay if you were selling, they say $1,960. That $80 difference? That’s the bid-ask spread in action.  The bid-ask spread is the difference between what dealers pay you (the bid price) and what they charge you (the ask price). It’s essentially the cost of doing business in precious metals — and it directly impacts your investment returns.  Think of it as the “toll” you pay to enter

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News

Daily News Nuggets | September 5th, 2025 — Job Market Stumbles as Gold Nears $3,600

US Jobs Report Disappoints: Only 22,000 New Positions Added  The August jobs report delivered a shock to markets this morning. The US economy added just 22,000 jobs last month — far below the 75,000 economists expected. Even worse, the unemployment rate ticked up to 4.3%, its highest level since 2021.  But here’s the real kicker: June’s numbers were revised down from a gain of 14,000 to a loss of 13,000. That marks the first negative jobs month since December 2020, ending one of the longest employment expansion streaks on record. The message is clear — the economy is slowing considerably

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Perth Mint Gold Scandal: Mint Regains Global Confidence
News

Daily News Nuggets | September 4th, 2025 — Gold Dips from Peak, Central Banks Keep Buying

Gold Dips From Record High As Eyes Turn To Jobs Data  Gold slipped 0.8% to $3,530.69 an ounce yesterday after touching an all-time high of $3,578.50. The pullback was simple profit-taking after that spectacular run, with silver dropping alongside its yellow cousin.  But here’s what traders are really watching: July’s job openings fell sharply, strengthening the case for a Fed rate cut on September 17. The weakness in the labor market adds to growing evidence that the economy is cooling, which typically prompts the Fed to ease monetary policy. Lower rates boost gold’s appeal since the metal doesn’t pay interest,

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News

Daily News Nuggets | September 5th, 2025 — Job Market Stumbles as Gold Nears $3,600

US Jobs Report Disappoints: Only 22,000 New Positions Added  The August jobs report delivered a shock to markets this morning. The US economy added just 22,000 jobs last month — far below the 75,000 economists expected. Even worse, the unemployment rate ticked up to 4.3%, its highest level since 2021.  But here’s the real kicker: June’s numbers were revised down from a gain of 14,000 to a loss of 13,000. That marks the first negative jobs month since December 2020, ending one of the longest employment expansion streaks on record. The message is clear — the economy is slowing considerably

Read More »
Perth Mint Gold Scandal: Mint Regains Global Confidence
News

Daily News Nuggets | September 4th, 2025 — Gold Dips from Peak, Central Banks Keep Buying

Gold Dips From Record High As Eyes Turn To Jobs Data  Gold slipped 0.8% to $3,530.69 an ounce yesterday after touching an all-time high of $3,578.50. The pullback was simple profit-taking after that spectacular run, with silver dropping alongside its yellow cousin.  But here’s what traders are really watching: July’s job openings fell sharply, strengthening the case for a Fed rate cut on September 17. The weakness in the labor market adds to growing evidence that the economy is cooling, which typically prompts the Fed to ease monetary policy. Lower rates boost gold’s appeal since the metal doesn’t pay interest,

Read More »
Retail Gold Sales Hit 16-Year Lows as China Mandates Massive Institutional Buying
Videos

Retail Gold Sales Hit 16-Year Lows as China Mandates Massive Institutional Buying

While retail investors have been selling gold and silver for 16 years straight, the world’s largest institutions are quietly positioning for what Mike Maloney calls “a global monetary system reset.” His latest video reveals why this disconnect could represent one of history’s greatest wealth transfer opportunities.  The Retail vs. Institutional Divide  Mike opens with striking data: retail gold and silver sales have declined steadily since 2008, even as prices hit historic highs. Global allocation to gold has dropped to just 0.5%—far below the historical 2% average.  Meanwhile, institutions are moving aggressively:  “The whole reason I started GoldSilver.com is to try

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