Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct.
‘Even though I’m very long, and even though I haven’t taken profits on a lot of things, the number one antidote to a crash or a correction is your cash level,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Speaking ahead of this week’s gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a ‘significant pullback.’
After that, they’ll be positioned for a new leg up.
‘There will be a time definitely to get back into metals, because I think metals will go dramatically higher from where they are right now,’ he explained. ‘But I do think that’s a year or two out.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Matthew Piepenburg, partner at Von Greyerz, breaks down what’s really driving the gold price, going beyond headlines to the ongoing debasement of the US dollar.
He also discusses silver market dynamics.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that it has received acceptance into the U.S. Defense Industrial Base Consortium (‘DIBC’), a U.S. Department of Defense-supported initiative designed to support collaboration across industry, academia, and government in advancing solutions relevant to U.S. defense and national security priorities.
The DIBC focuses on strategic and critical materials and technologies essential to U.S. national security, including initiatives to improve the resilience and security of domestic critical mineral supply chains that support defense and industrial applications1.
Apollo Silver’s U.S.-based Calico Project hosts significant silver mineralization alongside barite and zinc, which are classified as critical minerals on the USGS List of Critical Minerals and play important roles in industrial, infrastructure, and defense-related applications.
As a member of the DIBC, Apollo Silver joins a network of traditional and non-traditional defense contractors, research institutions, and federal agencies working to advance innovation at speed. Membership provides the Company with opportunities to engage in federally sponsored initiatives related to critical materials supply chains, including the mining and processing of silver, zinc, and barite.
‘Apollo Silver’s acceptance into the DIBC reflects the growing strategic importance of U.S.-based critical mineral assets, including silver, following its inclusion on the USGS List of Critical Minerals in November 2025,’ said Ross McElroy, President and CEO of Apollo Silver. ‘With one of the largest undeveloped primary silver assets in the United States and meaningful exposure to industrial critical minerals such as barite and zinc, we believe Apollo Silver is well positioned to align with U.S. priorities focused on supply-chain security, industrial resilience, and national defense.’
ABOUT Apollo Silver Corp.
Apollo Silver is advancing the second largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For further information, please contact:
Email: info@apollosilver.com
Telephone: +1 (604) 428-6128
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding ‘Forward-Looking’ Information
This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected benefits of the Company’s acceptance into the U.S. Defense Industrial Base Consortium (‘DIBC’), the Company’s ability to maintain its membership in the DIBC and pursue opportunities arising therefrom, and the advancement and development potential of the Company’s projects, including the Calico Project and the Cinco de Mayo Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with the Company’s ability to maintain DIBC membership and realize anticipated benefits therefrom; changes in government priorities, programs, funding or procurement processes; the risk that membership in the DIBC does not result in any specific contracts, funding, or other opportunities; risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
__________________________________
1 https://www.dibconsortium.org/
News Provided by GlobeNewswire via QuoteMedia
Andy Schectman, president of Miles Franklin, weighs in on the factors moving gold and silver, emphasizing that their long-term drivers remain in place.
‘Nothing goes straight up without taking a breather, but you can still coexist. That can coexist with long-term bullishness, and I am hugely long-term bullish,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
President Donald Trump has threatened legal action against author Michael Wolff and the estate of Jeffrey Epstein, insisting a newly released trove of Epstein-related files clears him of wrongdoing.
Trump was aboard Air Force One during a flight to Palm Beach, Florida, on Saturday when he responded to a reporter’s question about the more than 3 million Epstein-related records and personal emails that the Justice Department released Friday.
‘It looked like this guy, Wolff, was a writer, was conspiring with Epstein to do harm to me,’ Trump said. ‘I didn’t see it myself, but I was told by some very important people that not only does it absolve me, it’s the opposite of what people were hoping, you know, the radical left, that Wolff, who’s a third-rate writer, was conspiring with Jeffrey Epstein to hurt me, politically or otherwise, and that came through loud and clear.’
Trump said there was a high likelihood that he would sue Wolff and the Epstein estate ‘because he was conspiring with Wolff to do harm to me politically. That’s not a friend.’
In one March 2016 email between Epstein and Wolff that Fox News Digital reviewed, Wolff is encouraging Epstein to come up with an ‘immediate counter narrative’ to James Patterson’s book about him, ‘Filthy Rich: A Powerful Billionaire, the Sex Scandal that Undid Him, and All the Justice that Money Can Buy.’
‘You do need an immediate counter narrative to the book,’ Wolff writes. ‘I believe Trump offers an ideal opportunity. It’s a chance to make the story about something other than you, while, at the same time, letting you frame your own story.’
‘Also, becoming anti-Trump gives you a certain political cover which you decidedly don’t have now,’ Wolff continues.
In a February 2016 email previously released, Wolff had suggested to Epstein that the disgraced financier is the ‘bullet’ that could end Trump’s 2016 presidential campaign.
Regarding the latest Epstein document dump, Deputy Attorney General Todd Blanche told Fox News Digital on Friday that ‘in none of these communications, even when doing his best to disparage President Trump, did Epstein suggest President Trump had done anything criminal or had any inappropriate contact with any of his victims.’
Fox News Digital’s Brooke Singman contributed to this report.
President Donald Trump said Sunday that the Trump Kennedy Center will close later this year for a two-year period to undergo renovations.
In a post on Truth Social, Trump said the complex will close on July 4, coinciding with the nation’s 250th anniversary, at which point construction will begin on what he described as a ‘new and spectacular entertainment complex.’
Trump said the decision followed a yearlong review involving contractors, arts experts and other advisers. He added that the temporary closure would allow the renovations to be completed faster and at a higher quality than if construction were carried out while performances continued.
Trump said the approach would be ‘the fastest way’ to elevate the center, adding that the planned grand reopening would surpass previous versions of the venue.
The Trump Kennedy Center did not immediately respond to Fox News Digital’s request for comment.
Trump said the funds to carry out the renovation were already in place, though he did not provide an estimated cost or explain whether the project would be financed through federal funding, private contributions, or a combination of both.
The Trump Kennedy Center hosts hundreds of performances each year and is home to several resident companies. It was not immediately clear whether those events would be postponed or moved to other venues.
Since his return to office, Trump has undertaken a series of changes aimed at reshaping the look and feel of the White House and other iconic Washington landmarks.
In October, Trump unveiled a new monument dubbed the ‘Arc de Trump,’ which is planned to commemorate the nation’s 250th anniversary next year.
He has previously said that the large arch, a near twin of Paris’s iconic Arc de Triomphe, will welcome visitors crossing the Arlington Memorial Bridge from Arlington National Cemetery into the heart of the nation’s capital.
Trump’s taste for opulence is evident in the Oval Office, where gold accents now line the ceiling and doorway trim, reflecting his personal style.
Beyond the Oval Office, the administration has unveiled the ‘Presidential Walk of Fame,’ a series of portraits of past presidents displayed along the West Wing colonnade.
Among the largest projects underway is a 90,000-square-foot White House ballroom designed to accommodate roughly 650 seated guests.
The administration has said the sprawling ballroom will adhere to the classical architectural style of 1600 Pennsylvania Avenue.
A pair of Senate Republicans are pushing their House counterparts to reject the Trump-backed shutdown deal unless it includes Homeland Security funding and election integrity legislation.
Sens. Rick Scott, R-Fla., and Mike Lee, R-Utah, are calling on House Republicans to push back against the Senate-passed funding package, which includes bills to fund five agencies, including the Pentagon, as a partial government shutdown continues.
They contended that the package needs to be retooled, and must include a modified version of the Safeguarding American Voter Eligibility Act, dubbed the SAVE America Act, and the Homeland Security (DHS) funding bill, which was stripped out after Senate Democrats threatened to blow up the government funding process.
Doing so could extend what was expected to be a short-term shutdown.
Scott said congressional Democrats would ‘NEVER fund DHS’ and Immigration and Customs Enforcement (ICE). He voted against the package twice, arguing that the spending levels would further bloat the nation’s eye-popping $38 trillion national debt, and that the billions in earmarks betrayed Republicans’ previous vows of fiscal restraint.
‘If House Republicans don’t put the DHS bill back in, add the SAVE America Act and remove the wasteful earmarks, Democrats win,’ Scott said. ‘We must protect our homeland, secure our elections and end the reckless spending NOW!’
Lee also rejected the package in the Senate because of earmarks. He also agreed with Scott, and pushed for his SAVE America Act, which he introduced alongside Rep. Chip Roy, R-Texas, to be included.
‘To my friends in the House GOP: Please put DHS funding back in, then add the SAVE America Act,’ Lee wrote on X.
The updated version of the SAVE Act would require that people present photo identification before voting, states obtain proof of citizenship in-person when people register to vote and remove noncitizens from voter rolls.
But their demands run counter to the desire of President Donald Trump, who brokered a truce with Senate Minority Leader Chuck Schumer, D-N.Y., to strip the DHS bill following the fatal shooting of Alex Pretti during an immigration operation in Minneapolis in order to ram the funding package through the Senate.
And any changes to the deal, like including the SAVE America Act or adding the DHS bill, would send the package back to the Senate, where Schumer and his caucus would likely reject it.
That would create a back-and-forth between the chambers that would further prolong what was meant to be a temporary shutdown.
Their demands also place House Speaker Mike Johnson, R-La., in a precarious position, given that several House Republicans want to extract concessions from congressional Democrats. Rep. Anna Paulina Luna, R-Fla., is already leading a charge to include the SAVE Act in the funding package.
Johnson will have to shore up any resistance among his conference, given that House Minority Leader Hakeem Jeffries, D-N.Y., made clear to the speaker that any attempt to fast-track the legislation on Monday, when the House returns, would fail.
The House of Representatives is expected to vote this week on whether to refer former President Bill Clinton and former Secretary of State Hillary Clinton to the Department of Justice (DOJ) for criminal charges.
The House Rules Committee, the final gatekeeper before most legislation gets a chamber-wide vote, is slated to consider a pair of contempt of Congress resolutions targeting the Clintons at 4 p.m. ET on Monday.
Those resolutions are expected to pass through the committee along party lines, teeing them up for final passage as early as Tuesday or Wednesday.
Both Clintons were subpoenaed to appear before the House Oversight Committee to testify for Congress’ probe into Jeffrey Epstein.
Despite months of back-and-forth between the former first couple’s lawyers and Oversight staff, they never appeared on terms dictated by Committee Chairman James Comer, R-Ky., pushing him to initiate contempt proceedings.
‘This shows that no one is above the law,’ Comer told reporters after his panel advanced the resolutions last month. ‘I’m just real proud of the committee and look forward to hopefully getting the Epstein documents in very quickly and trying to get answers for the American people.’
The committee voted along bipartisan lines to move forward with contempt resolutions against the Clintons. Nine Democrats joined the Republicans to advance the resolution against Bill Clinton, while three voted to advance Hillary Clinton’s.
The majority of Democrats, however, have accused Comer of partisan motivations behind his Clinton contempt efforts.
The Clintons were two of 10 people subpoenaed by Comer as part of the panel’s investigation into Epstein. The subpoenas were issued following a bipartisan vote by an Oversight subcommittee panel during an unrelated hearing on illegal immigration.
Democrats on the committee have pointed out that Comer has not pushed to hold others who did not appear in contempt, nor has he made any threats against the DOJ for failing to produce all of its documents on Epstein by a deadline agreed to by Congress late last year. The department has produced a fraction of the documents expected so far.
Comer has said he is in contact with the DOJ about its document production.
If the vote this week is successful, the House will have recommended both the Clintons for prosecution by the DOJ.
A contempt of Congress charge is a felony misdemeanor that carries a maximum fine of $100,000 and up to a year in jail.
A Russian drone strike hit a bus carrying miners in Ukraine’s Dnipropetrovsk region on Sunday, killing at least 12 people.
Ukrainian emergency services later reported the death toll had risen to 15 in one of the deadliest single attacks on energy workers since the start of the war.
The attack Sunday came a few hours after President Volodymyr Zelenskyy announced a new round of peace talks between Ukraine and Russia had been postponed.
A spokesperson for DTEK, Ukraine’s largest private energy firm, which employed the workers, told Fox News Digital that drones had targeted the bus as it traveled ‘roughly 40 miles from the front line in central and eastern Ukraine.’
The DTEK spokesperson also described the incident as a ‘terrorist attack on civilian infrastructure.’
‘This strike was a targeted terrorist attack against civilians and another crime by Russia against critical infrastructure,’ the spokesperson added.
The bus was transporting miners after the end of their shift when it was hit by a Russian drone, the State Emergency Service of Ukraine also confirmed.
At least seven workers were injured, and a fire sparked by the impact was later extinguished by emergency crews.
‘The epicenter of one of the attacks was a company bus transporting miners from the enterprise after a shift in the Dnipropetrovsk region,’ the company also said in a statement.
Zelenskyy condemned the strike late Sunday, calling it another deliberate attack on civilians.
Earlier in the day, he announced that the next round of trilateral talks involving Ukraine, Russia and the U.S. would now take place Feb. 4-5 in Abu Dhabi, after originally being expected for Sunday.
‘Ukraine is ready for a substantive discussion, and we are interested in ensuring that the outcome brings us closer to a real and dignified end to the war,’ Zelenskyy said on X, adding that the delay had been agreed to by all sides.
The delay followed a surprise meeting Saturday in Florida between Steve Witkoff, President Donald Trump’s special envoy, and Kirill Dmitriev, the Kremlin’s special envoy and head of Russia’s sovereign wealth fund.
The talks in Abu Dhabi are now expected to include representatives from Ukraine, Russia and the U.S., according to the Associated Press.
Meanwhile, Zelenskyy warned Russia is stepping up its aerial campaign against civilian and logistical targets.
‘Over the past week, Russia has used more than 980 attack drones, nearly 1,100 guided aerial bombs, and two missiles against Ukraine,’ he wrote on X on Sunday. ‘We are recording Russian attempts to destroy logistics and connectivity between cities and communities.’
In a statement, DTEK CEO Maxim Timchenko also explained the bus attack marked the company’s ‘single largest loss [of] life of DTEK employees since Russia’s full-scale invasion.’
‘We can already say with certainty that this was an unprovoked terrorist attack on a purely civilian target, for which there can be no justification,’ Timchenko said.
The attack marked ‘one of the darkest days in our history,’ he added. ‘DTEK teams are working with emergency services on the ground in Dnipropetrovsk region to ensure the injured, and families who have lost loved ones, get all the care and support they need. Their sacrifice will never be forgotten,’ he added.