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Big Fat Idea – How to Make Money in Exploration Stocks

Brad Cooke joins Michael to talk about how to build – and invest in – a successful mineral exploration company.

Fraud Hits New High Amid Pandemic

Any time the world is thrown off balance by a major, sustained event or incident, it’s an opportunity for some of our most creative minds for a burst of new and refined criminal activity. The global pandemic presents an atmosphere ripe for criminal creativity, and the United States is now drowning in new colorful types of fraud.

According to the Federal Bureau of Investigation (FBI), as of May 28th, its Internet Crime Complaint Center (IC3) received as many complaints in the first five months of this year as it did for all 12 months of 2019.

Three-quarters of those complaints are frauds and swindles, and the “sheer volume” is “a challenge” for the FBI.

From the sale of counterfeit personal protective equipment (PPE) claiming to ward off coronavirus and fake cures to fraudulent unemployment insurance claims, stimulus check scams and even plots to take advantage of children engaging in online schooling, the vultures have come out of the pandemic woodwork in full force.

Real estate scams are just one target–but of the high-dollar variety.

With the real estate industry in lockdown for months, many elements of the closing process that were normally required to be done in person for security reasons were accomplished digitally, opening up magnificent opportunities for IT-savvy criminals to hijack emails between agents, title agencies and buyers, convincing buyers to send their down payments to wrong parties. CLICK for complete article

Quote of the Week, Shocking Stat & Goofy Award

Quote of the Week – Vice Admiral Mark Norman on the decision to shutdown Parliament for the summer

Shocking Stat – The Chinese Communist Party shows their true colours and two Canadians pay the price.

Goofy Award – The cancel culture’s intolerance is the new normal with few Canadians willing to fight back.

Mike’s Editorial – June 20th

Canada’s de facto strategy to fight the spread of COVID19 was to lockdown the economy, only partially close the borders and declare masks were not effective.

Can Tesla’s Stock Maintain The Magic $1,000 Level?

Despite the skeptics, Tesla Inc broke above the significant $1,000 price level for the first time in its history this month. The new high further accelerated the bullish optimism surrounding the company.

Can Tesla stick the landing?

“There continues to be a lot of enthusiasm and upward momentum for the stock that is driven by expectations for increasing EV demand,” Ivan Feinseth of Tigress Financial said when asked about Tesla’s recent price action.

Increasing electric vehicle demand is a global trend, and not just in the U.S. Many countries are committing to cut out fossil fuels.

“There is going to be significant expansion into China. China has mandated 100% EV vehicle sales by 2030,” Feinseth said. “France also has a 100% EV mandate by 2030 as well.”

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Central Banks Continue to Buy Gold

As central banks around the world continue to print endless amounts of money to try to keep financial assets afloat, they also continue to add to their gold position. In April, central banks globally added another 31.6 tons of gold to their reserves.

Even though the net gold purchases by central banks have slowed down when compared to last year, the World Gold Council expects demand continue over the next 12 months. According to the 2020 Central Bank Gold Reserves survey, 20% of central banks intend to increase their gold reserves over the next 12 months, compared to just 8% of respondents in the 2019 survey. The increase is particularly notable as central bank buying has reached record levels in recent years, adding around 650 tons in 2019 alone.

So far during 2020, central banks have added a net 142 tons of gold to their reserves. In 2019, central banks purchased 650.3 tons which represented the second highest level of annual purchases in 50 years, which was only a little bit lower then the record in 2018, which was net purchases of 656.2 tons…CLICK for complete article