Piche Resources (PR2:AU) has announced Commences Maiden RC Drilling at Cerro Chacon Gold Project
Download the PDF here.
Piche Resources (PR2:AU) has announced Commences Maiden RC Drilling at Cerro Chacon Gold Project
Download the PDF here.
Frank Holmes of US Global Investors (NASDAQ:GROW) shares his forecast for gold and silver.
He sees gold testing US$5,000 per ounce next year and then reaching US$7,000 by the end of US President Donald Trump’s second term in office.
‘And I think that silver will be over US$100,’ he added.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Silver is known as the most versatile precious metal, and its end uses range from silverware to medicine, as well as industrial and technological applications, which account for well over half of annual global demand.
In 2024, global physical silver demand reached 1.16 billion ounces, shy of the record of 1.28 billion ounces set in 2022, as per the Silver Institute’s latest World Silver Survey released in April 2025.
Industrial demand is on an upward trend from the push toward renewable energy — in particular, silver demand should benefit from the expansion of the solar energy sector, electric vehicles and the growing use of AI and data centers. The metal is a great conductor of both heat and electricity, making it perfect for use in solar panels.
In 2025, the Silver Institute expects global demand for silver to decline by 1 percent to 1.15 billion ounces, but remain at historically high levels. With all of that in mind, here’s a look at four factors driving silver demand.
Expected demand in 2025: 677.4 million ounces
Silver is the best electrical and thermal conductor of all the metals, so it’s no surprise that it’s used in industrial fabrication. Industrial silver demand has seen steady growth in recent years. Coming in at just 491 million ounces in 2016, industrial demand rose to 592.3 million ounces in 2022, 657.1 million ounces in 2023 and a record 680.5 million ounces in 2024.
For 2025, the Silver Institute believes industrial demand will see a slight regression of 0.5 percent to 677.4 million ounces.
Here’s a brief rundown of the main industrial uses driving silver demand:
Electronics — In electronics, industrial silver is used mainly in multi-layer ceramic capacitors, membrane switches, silvered film, electrically heated automobile windshields, conductive adhesives and the preparation of thick-film pastes.
Electronics is expected to remain an important driver for silver going forward, as per the Silver Institute, which expects overall industrial silver consumption to reach 456.6 million ounces in 2025. Photovoltaics form the largest portion of electronic demand, totaling 197.6 million tons in 2024.
Using silver as conductive ink, photovoltaic cells transform sunlight into electricity. These cells are combined to form solar panels. The use of silver in the fabrication of photovoltaic cells, also known as solar cells, is seen as an area of rapid growth in the short to medium term. In fact, SolarPower Europe reported that total installations reached 2.2 terawatts by the end of 2024, and are expected to more than triple to more than 7 terawatts by 2030.
Automotive industry — Every electrical action in a modern car is activated with silver-coated contacts. Basic functions such as starting the engine, opening power windows, adjusting power seats and closing power trunks are all activated using a silver membrane switch. Furthermore, in January 2021, the Silver Institute reported that, depending on the model, battery electric vehicles contain between 25 and 50 grams of silver, while hybrid vehicles use 18 to 34 grams of silver. That’s compared to 15 to 28 grams of silver in a light internal combustion engine vehicle.
The Silver Institute has projected that automotive demand for silver could reach 90 million ounces by 2025. The association states that silver demand from the car industry will be driven by infrastructure investment, broader decarbonization efforts and the expansion of charging stations.
Brazing and soldering — Adding silver to the process of soldering or brazing helps produce smooth, leak-tight and corrosion-resistant joints when combining metal parts. In addition, silver-brazing alloys are used widely in everything from air conditioning and refrigeration to electric power distribution. The Silver Institute predicts demand from this segment to total 52.9 million ounces in 2025.
Expected demand in 2025: 196.2 million ounces
Jewelry is often what laypeople think about when they consider silver demand. And for good reason — few materials are better suited for jewelry than silver. Lustrous but resilient, silver responds well to sculpting, requires minimal care and lasts a lifetime.
While silver and gold possess similar working qualities, the white metal enjoys greater reflectivity and can achieve a brilliant polish. A vast amount of silver supply from mine production gets turned into a form of jewelry. The segment grew moderately by 3 percent in 2024, rising to 208.7 million ounces, but the Silver Institute is predicting a significant reversal in 2025, with a 6 percent decline to 196.2 million ounces.
Expected demand in 2025: 204.4 million ounces
Another source of silver demand is for silver as an investment in the form of silver coins, bars and rounds. This category includes the silver used to fabricate the bullion, as well as small bar purchases by retail investors, according to the Silver Institute.
Silver coins have a long history. Minted silver coins were first used in the Eastern Mediterranean region in 550 BCE, and by 269 BCE the Roman Empire had adopted silver as well. Silver was the main circulating currency until the 19th century, when it was phased out of regular coinage.
While silver is not used in many circulating coins today, mints in many countries still create high-purity bullion coins and bars for investors.
Physical silver investment demand reached a record high of 338.3 million ounces in 2022, but declined considerably to 244.3 million ounces in 2023, before falling another 22 percent to 190.9 million ounces in 2024.
However, with rising uncertainty in global financial markets, the institute is predicting 7 percent growth in 2025 to 204.4 million ounces.
Silver exchange-traded products (ETPs) and silver ETFs purchase significant amounts of physical silver. Silver ETPs have experienced high volatility over the last five years, with demand peaking in 2020 with net inflows of 331.1 million ounces of silver, which fell to to 64.9 million ounces in 2021. Following the pandemic, ETPs experienced heavy outflows with investors selling off 117.4 million ounces in 2022 and 37.6 million ounces in 2023.
In 2024, as uncertainty began to seep into global financial markets, investors once again returned to ETPs, pushing demand to 61.6 million ounces of silver flowing into the products.
The Silver Institute expects demand to grow by 14 percent in 2025 to 70 million ounces, attributing these inflows to cuts to the Federal Funds rate, concerns over US debt load, and instability in the Middle East.
Expected demand in 2025: 46 million ounces
Sterling silver has been the standard for silver holloware and silver flatware since the 14th century. Silver cutlery and other decor lasts for generations as it resists tarnish and is a traditional decoration in homes around the world. Base metal copper is mixed with silver to strengthen it for use as cutlery, bowls and decorative items.
Demand for the metal from the silverware industry reached 73.5 million ounces in 2022 but has declined since then to 54.2 million ounces in 2024. The Silver Institute expects the market to shed another 15 percent in 2025 to 46 million ounces.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Adm. Mitch Bradley confirmed to lawmakers that Secretary of War Pete Hegseth did not order all survivors of counter-narcotics strikes to be killed — even as they had mixed opinions on whether the so-called ‘double tap’ strike was justified.
An initial Washington Post report had claimed that Hegseth ordered those in charge of the counter-narcotics strikes to ‘kill them all,’ leading Bradley to interpret this as orders to kill remaining survivors.
‘The admiral confirmed that there had not been a kill them all order and that there was not an order to grant no quarter,’ Rep. Jim Himes, D-Conn., top Democrat on the Intelligence Committee, told reporters after a briefing with the admiral.
‘Adm. Bradley was very clear that he was given no such order, not to give no quarter or to kill them all,’ Senate Intelligence Committee Chairman Tom Cotton, R-Ark., said.
Still, Himes said the full video footage of the Sept. 2 strikes showed that the two survivors were ‘shipwrecked sailors.’
‘What I saw in that room was one of the most troubling things I’ve seen in my time in public service. You have two individuals in clear distress, without any means of locomotion with a destroyed vessel, who were killed by the United States,’ Himes went on. ‘Now there’s a whole set of contextual items that the admiral explained. Yes, they were carrying drugs. They were not in the position to continue their mission in any way.’
Democrats and Republicans seemed to have strikingly different impressions of the video they’d been shown of the strikes.
Cotton said video of the strikes showed the survivors ‘trying to flip their boat back over and continue their mission.’
Sen. Chris Coons, D-Del., ranking member of the defense appropriations subcommittee, said, ‘I think it’d be hard to watch the series of videos and not be troubled by it.’
‘I am deeply disturbed by what I saw this morning. The Department of Defense has no choice but to release the complete, unedited footage of the Sept. 2 strike,’ said Sen. Jack Reed, R.I., top Democrat on the Armed Services Committee.
Rep. Rick Crawford, R-Ark., chairman of the House Intelligence Committee, appeared to take aim at Democrats for claiming they were ‘troubled’ by the video.
‘Those who appear ‘troubled’ by videos of military strikes on designated terrorists have clearly never seen the Obama-ordered strikes, or, for that matter, those of any other administration over recent decades. I am deeply concerned by the public statements made by others that seek to ignore the realities of targeting terrorists to score political points. I call upon them to remember their own silence as our forces conducted identical strikes for years — killing terrorists and destroying military objectives the same as in this strike — and ask themselves why they would seek to attack our forces today.’
‘There is [another] example where survivors actually were shipwrecked and distressed and not trying to continue on their mission, and they were treated as they should be, as noncombatants. They were picked up by U.S. forces,’ Cotton said.
‘It’s just an example of how, of course, our military always obeys the laws of war. Our military also acts with an appropriate, lawful authority to target these narco-terrorists.’
In another Oct. 16 strike that killed two, two survivors were captured and sent back to Colombia and Mexico. In a series of four strikes on Oct 27 that killed 14, one survivor was left for retrieval by the Mexican coast guard.
Cotton said the protocol for handling survivors remains the same since the strikes began in early September.
After reporting that a Sept. 2 strike on alleged narco-terrorists had left two survivors who were killed in a follow-up strike, lawmakers and legal analysts expressed concern that top military brass had violated the Pentagon’s Law of War manual, which deems attacking persons rendered ‘helpless’ due to ‘wounds, sickness or shipwreck’ is explicitly prohibited and described as ‘dishonorable and inhumane.’ Shipwrecked individuals are protected unless they resume hostile action or otherwise regain the capacity to pose an immediate threat.
But Pentagon officials have suggested the survivors may have been in a position to call for backup and that Bradley viewed that as a threat.
Hegseth has said he viewed the initial strike in real time, but was not present to view the second strike. He’s said he had no involvement in the decision to call for a second strike but stands by Bradley’s decision.
Bradley is now locked in a whirlwind day of meetings on Capitol Hill to explain his decision — he’s given separate briefings to the top lawmakers on the House and Senate Intelligence Committees, House and Senate Armed Services Committees and top members on the defense appropriations subcommittees.
Charlie Kirk’s final book is a ‘manifesto against the machine of modern life,’ encouraging his followers to ‘stop in the name of God’ and honor the Sabbath.
Kirk, the founder and CEO of Turning Point USA, was assassinated Sept. 10 after years of promoting civil discourse on college campuses and mentoring young adults across the country.
Weeks before his murder, Kirk finished what would be his final book — ‘Stop, In the Name of God: Why Honoring the Sabbath Will Transform Your Life.’ Kirk was ‘fiercely proud of it,’ according to Winning Team Publishing — the publishing house that published his final book.
Kirk’s beloved wife, Erika, was ‘determined to bring it into the world as a tribute to his legacy,’ and added a foreword to the book after his death, exclusively obtained by Fox News Digital.
‘I knew Charlie so deeply, in a way no one else could,’ Erika Kirk writes in the book’s forward. ‘That is why I can say with certainty: these pages are not theory for him, they are testimony. The words you hold in your hands were the convictions he lived that were written on his heart.’
‘Looking back now, I see the book as one of Charlie’s most enduring gifts to the world,’ she continues. ‘He did not know how brief his time (on) earth would be—none of us did—but the truths written in this book are not bound by time. They will outlive us all, as will the legacy of his faith.’
‘There is no doubt in my heart that Charlie left this world doing what he loved most: standing firm for truth, for faith, for family, and for America,’ she continued. ‘The mark he made will not fade; it is etched in countless lives and stories. Though he is no longer beside us, I find deep comfort in knowing his voice still carries on.’
‘As Charlie’s widow, I write these words through tears, yet also with a steady hope,’ she writes. ‘My prayer is that you (and one day my two precious children) will not only read these pages but weave them into the fabric of your life. That you will let one of Charlie’s final messages quiet your hurried steps and lead you nearer to God.’
Erika Kirk, the now-CEO and board chair for Turning Point USA, goes on to thank readers for ‘opening these pages, for allowing Charlie’s words and convictions to take root in your own life, and for helping to carry forward the legacy of a man who poured himself out for his Savior, his family, and his country.’
Charlie Kirk was killed in September as he spoke to a crowd at Utah Valley University. Authorities believe a single shot was fired from the roof of a building some 200 yards away.
Charlie Kirk was 31, and the married father of two young children. The assassination of Charlie Kirk, one of the most prominent conservative voices in the country, sent a shockwave across the nation and mobilized thousands of young supporters on college campuses across the United States.
Fox News Digital also exclusively obtained the prologue and introduction of the book, written by Charlie Kirk.
‘In this book, I intend to persuade you of something that may, at first, seem quaint, old-fashioned, or even unnecessary: that the Sabbath is not merely a helpful tradition or a cultural relic—it is essential to the flourishing of the human soul,’ Charlie Kirk wrote.
‘I will define the Sabbath not just in doctrinal terms but in existential ones. We will explore its origin—not in history, but in eternity; not in law, but in creation,’ he wrote. ‘I will show you how to incorporate it not as a weekly burger but as a life-giving rhythm that reorders your time, renews your mind, and restores your humanity.’
Charlie Kirk wrote that the book ‘is not written for the religiously initiated alone.’
‘It is written for the exhausted parent, the anxious student, the burned-out executive, the soul-numbed scroller,’ he wrote.
‘This is not a suggestion manual or a spiritual upgrade for those with spare time,’ he continued. ‘This is a manifesto against the machine of modern life. It is a call to war against the endless noise and ceaseless hurry that have slowly robbed you of your joy, your wonder, and your rest.’
Charlie Kirk wrote that he did not write the book to ‘affirm your lifestyle,’ but instead ‘to interrupt it.’
‘I am writing to cut at the root of some of the deepest wounds in our society—disconnection, anxiety, spiritual fatigue, moral confusion—and to offer you a concrete, ancient, and divine practice that can begin to heal them,’ he wrote.
‘As America has abandoned the Sabbath, we have watched nearly every major marker of health—emotional, spiritual, communal—begin to fail,’ he wrote. ‘We are more productive and less peaceful, more connected digitally and more isolated relationally. We are over-stimulated, undernourished, distracted, discontent, and desperately lonely.’
‘My mission in writing this is very simple: I desire to bring all humanity back to God’s design to rest for an entire day,’ Charlie Kirk writes. ‘To cease working, to STOP, in the name of GOD.’
The introduction of the book, in Charlie Kirk’s own words, brings the reader on his own journey to rediscovering the Sabbath.
Charlie Kirk brings the reader back to the summer of 2021, saying his life was ‘in perfect order,’ and after marrying Erika Kirk, his life ‘was as good as it gets.’
‘But on the inside, there was a battle brewing,’ he wrote. ‘I was fatigued, tired, and spiritually confused.’
Charlie Kirk discussed how he began to unplug, recharge and reconnect with God, family, and himself through observing the Sabbath.
The book is packed with Charlie Kirk’s practical insights and spiritual wisdom to help readers understand how honoring the Sabbath ‘restores balance, reduces anxiety, and nourishes your soul.’
The book was published by Winning Team Publishing, and will be available nationwide Tuesday, including at WinningPublishing.com, Barnes & Noble, Books-A-Million, Amazon, Walmart, 45books.com and more. The book is available for pre-order.
Erika Kirk will appear on Fox News Channel’s ‘Hannity,’ ‘Fox & Friends,’ and will co-host ‘Outnumbered’ and ‘The Five’ the week of its release to promote the book.
House Republicans are scrambling to find a solution to sky-high health costs as the clock ticks on Obamacare tax credits that were enhanced during the COVID-19 pandemic.
House GOP leaders have been busy working with different factions within their conference this week to shape the contours of a package aimed at lowering healthcare costs for Americans, but it’s not clear if there is yet consensus on legislation that could get support from all 220 Republican lawmakers — and those in the Senate.
Speaker Mike Johnson, R-La., told Bloomberg News on Thursday that the House would vote on a healthcare plan by the end of this month.
House Majority Leader Steve Scalise, R-La., was less certain of a specific timeline, however, telling reporters, ‘We are meeting with all of our caucuses and building a coalition. And so when we’re ready to go, we will.’
‘But the focus has always been, you know, bills that will lower costs and give families options to help them, so they’re not trapped in the unaffordable care act,’ Scalise said.
He was referring to the Obama administration-era Affordable Care Act (ACA), colloquially known as Obamacare. Republicans have long criticized it as a broken system that’s served to fuel inflationary health insurance premium costs, but finding a solution that’s palatable to both Americans and officials in Washington has long eluded the GOP.
Democrats in Congress voted twice to expand Obamacare during the COVID-19 pandemic in order to get more Americans healthcare coverage. That expansion is set to run out by the end of 2025, and Democrats claim that it will push Americans’ healthcare costs sky-high if the enhanced subsidies are allowed to expire.
It’s also been a concern for a handful of Republicans, many of whom represent battleground districts that were critical to the GOP winning and keeping the House majority.
Multiple bipartisan initiatives have been unveiled in recent weeks aimed at stopping that healthcare cliff from coming. Reps. Tom Suozzi, D-N.Y., and Brian Fitzpatrick, R-Pa., are planning to release legislation expanding the enhanced Obamacare subsidies for two years, albeit with reforms aimed at streamlining the system for those who need it most.
Fitzpatrick told Fox News Digital that legislation could come out as soon as Thursday.
Meanwhile, a group of 20 Democrats and 15 Republicans led by Reps. Jen Kiggans, R-Va., and Josh Gottheimer, D-N.J., released a framework on Thursday morning that would expand a version of the enhanced Obamacare subsidies for a year, followed by a modified health plan the following year that would include ‘continued health insurance premium savings’ with ‘more significant reforms.’
The extension would reform the system with new ‘guardrails’ aimed at rooting out fraudulent actors and inactive enrollees, along with new income requirements to qualify.
‘It proposes a short-term and longer-term fix. But the bottom line is in just a few days, for millions and millions of Americans, their health insurance premiums are going to spike significantly,’ Gottheimer told reporters.
Rep. Mike Lawler, R-N.Y., a part of that group, said, ‘The extension of the Affordable Care Act subsidy with reforms is something we all agree is necessary, and then have a much longer-term discussion about how we actually fix healthcare costs in America.’
Kiggans told Fox News Digital in a brief interview that allowing the enhanced subsidies to just expire would hike costs for millions of Americans who Republicans tried to help make life more affordable for with President Donald Trump’s One Big, Beautiful Bill Act.
She said she understood and agreed with the notion of needing to phase out COVID-19-era tax programs but added, ‘We are facing a deadline with this one where, unfortunately, if we just cold turkey let those premium tax credits expire, we’re going to see spikes worth thousands of dollars.’
But conservatives within the House GOP have signaled heavy opposition to extending the enhanced Obamacare subsidies, arguing it would do little to lower healthcare costs.
‘I don’t know why Republicans, or people who consider themselves to be conservative, would give tacit approval and support of Obamacare by expanding subsidies of Obamacare,’ House Budget Committee Chairman Jodey Arrington, R-Texas, told Fox News Digital. ‘I don’t know why they would give tacit agreement that somehow, by extending those subsidies, COVID-era subsidies, that they would be making healthcare more affordable.’
Arrington said he could see bipartisan avenues to make aspects of Obamacare itself work better, but suggested he was against extending the enhanced subsidies even with reforms.
‘I see no utility at all in expanding in any form. No matter how much lipstick you put on that pig, it’s still a pig. And you need a whole different animal if you’re going to bring the cost down,’ he said.
Rep. Chip Roy, R-Texas, who spoke with Fox News Digital the night before the bipartisan unveiling, said, ‘If they really wanted to build a coalition with Republicans, they’d be coming over and pitching us first on what their ideas are. I haven’t seen that.’
‘Let’s remember that these were COVID-era Biden subsidies and that no Republican voted for them. And no Republicans voted for any other subsidy. So any Republican trying to do a deal starting with that is starting at the wrong end. Start with healthcare freedom,’ Roy said.
Still, there are ways for Republicans in favor of extending the Obamacare enhanced subsidies to force a vote on doing so without support from their leaders.
One method is called a discharge petition, which would force consideration of a given piece of legislation if it got support from a majority of the House chamber.
But both Kiggans and Fitzpatrick appeared hesitant when asked about the possibility.
Fitzpatrick would not answer directly when asked about such a move. Kiggans, meanwhile, said, ‘This isn’t a direction that we’re trying to go with it.’
‘I think just today, Mike Johnson said we were going to do something with … so, hopefully, you know, we’ve been able to impress upon the leadership the urgency and that these things will be addressed next week,’ she said.
As a Democrat who’s been on winning and losing presidential campaigns against Donald Trump, it’s clear to me that the Republican Party’s top competitive edge in recent elections was its anti-establishment populist message. I say ‘message’ because actions always matter more than words — especially when the actions contradict the words. That’s happening now. Trump and Vance are breaking their promises to stand up for everyday Americans against corrupt elites.
The prices Trump and Vance ran on vowing to ‘immediately’ lower — groceries, healthcare, electricity bills – have gone up, while economic growth is down. We’re seeing ‘recession-level’ job loss and unprecedented welfare for the rich.
As a result, Trump and Vance are crippling Republicans’ flagship political advantage, creating new divides in their party and the country. Those shifts are big openings for Democrats on voters’ #1 issue, their finances. By the same token, if I were one of the Republicans already navigating the 2028 shadow primary, I’d see growing opportunities to outcompete JD Vance.
The Constitution blocks Trump from running again. Even if it didn’t, Trump’s diminishing energy levels and judgment make him a lame duck regardless. Case in point, the President of the United States is building himself an assisted-living theme park on the White House grounds while dismissing Americans’ concerns about affordability. This kind of antipopulist record is becoming significant baggage for Vance, making him a target for Republicans as well as Democrats.
For example, it’s hard to imagine anything less populist — or more un-Christian — than partying with billionaires while taking food away from working families. Or forcing middle class Americans to pick up the tab for AI datacenters backed by some of the richest companies in history.
In the Biden White House, we saw firsthand how damaging it is for the party in power if a majority of Americans rate the economy negatively. Voters’ economic sentiment sets the political tone.
In November, the party that controls Washington lost elections all over the country. From New Jersey Gov.-elect Abigail Spanberger to New York City Mayor-elect Zohran Mamdani, Democrats ran disciplined, cost-of-living campaigns. That issue has staying power and can unite Democrats with newly persuadable independents and Republicans. It happened again this week, with Republicans barely hanging onto a deep-red Tennessee congressional district.
Sadly, for those of us who can’t afford to ingratiate ourselves the Trump-Vance administration by purchasing Trump’s meme coin or joining Donald Trump Jr.’s ‘Executive Branch’ club, their agenda is sowing seeds for an even weaker economy.
First, there’s healthcare. Having already made the biggest Medicaid cuts in history, Washington Republicans want to terminate Democratic health care tax credits for working people, making premiums skyrocket for millions and taking coverage from more.
Second, tens of thousands are losing their jobs to AI – a rapidly accelerating trend. While it’s in America’s interest to lead the world when it comes to AI, the Trump-Vance administration — whose AI czar is himself a corrupt billionaire — is treating millions of Americans’ livelihoods as expendable, failing to equip workers for a successful economic future. By contrast, Democrats like Sen. Bernie Sanders and Rep. Jake Auchincloss are working to ensure we win the AI race while fighting to protect blue and white collar workers.
Then there’s energy. After raising electricity bills with the most severe clean energy cuts on record, Republican majorities are helping extremely rich people charge working families for their datacenters’ energy consumption. The Trump-Vance record on monopolistic megamergers will also come back to haunt them.
These realities all trap Vance between a rock and a hard place. Trump demands unquestioning loyalty from subordinates like Vance, but other likely candidates have more autonomy. For example, Georgia Rep. Marjorie Taylor Green, has attacked the White House for high prices.
Greene isn’t alone among Republicans in distancing herself from the administration. When Nick Fuentes, a Holocaust-denying neo-Nazi, said ‘organized Jewry’ was the biggest threat to America, Trump and Vance’s response to Fuentes was pathetically weak. But Texas Senator Ted Cruz, another possible candidate, blasted Fuentes.
There’s also growing bipartisan opposition to the administration’s warmongering toward Venezuela. Americans don’t want servicemembers risking their lives to distract from a billionaire president’s falling approval ratings.
What has been Vance’s biggest asset with fellow Republicans –his closeness with Trump –could become his rivals’ key to undermining him. Democrats are doing it now. Last month, Pennsylvania Gov. Josh Shapiro, a popular swing state Democrat, blasted Vance for taking food away from the hungry while cutting taxes for billionaires. Then he signed a new tax credit for working families into law, delivering $193 million in tax relief for 940,000 Pennsylvanians.
Republicans’ ‘Golden Age’ is turning into a second Gilded Age, where tax breaks for the wealthy are funded by higher costs for everyone else.
Across all political boundaries, Americans want leaders who will actually listen to them.
President Donald Trump on Thursday hired a new architect to lead the next phase of the White House ballroom project.
Trump tapped Shalom Baranes Associates, a Washington, D.C.-based architectural firm to oversee the ballroom design effort.
‘As we begin to transition into the next stage of development on the White House Ballroom, the Administration is excited to share that the highly talented Shalom Baranes has joined the team of experts to carry out President Trump’s vision on building what will be the greatest addition to the White House since the Oval Office — the White House Ballroom,’ White House Spokesperson Davis Ingle said in a statement.
Ingle added, ‘Shalom is an accomplished architect whose work has shaped the architectural identity of our nation’s capital for decades and his experience will be a great asset to the completion of this project.’
Trump initially chose McCrery Architects to design the ballroom. McCrery will remain a valuable consultant on the project, a White House official told Fox News.
Construction started on the ballroom in October, leading to the demolition of the White House’s historic East Wing.
The project is being privately funded at an estimated cost of $300 million, up from a $200 million estimate in July when the project was unveiled.
Trump provided an update on construction during a cabinet meeting Tuesday, saying, ‘I wouldn’t say my wife is thrilled.’
‘She hears pile drivers in the background all day, all night,’ he said.
The president said the overhaul has been needed for 150 years, adding, ‘I think it’s going to be the finest ballroom ever built.’
The White House previously said the long-envisioned addition will be designed to host large gatherings and state visits, and will be completed before the end of Trump’s term.
Gold has reached once-unthinkable prices in 2025, gaining over 60 percent by early December.
Looking ahead to 2026, experts believe the major themes that carried the gold price to new heights this year will continue to underwrite its trajectory in the months ahead, boosting the metal even further.
What are the top trends shaping the gold market, and what should investors expect in the new year?
US President Donald Trump’s aggressive trade policies have injected a high level of volatility into a world economy that was already reeling from ongoing regional conflicts.
This type of uncertainty reliably encourages investors to seek safe havens, and that theme dominated much of the gold story for 2025. Heading into the new year, analysts see no end to this trend.
Strong gold exchange-traded fund (ETF) inflows and central bank purchases are projected to continue into next year as investors, particularly in the west, increasingly recognize the hedge value of gold.
Global financial services firm Morgan Stanley (NYSE:MS) sees demand for gold from ETFs and central banks pushing the gold price back up above US$4,500 per ounce by mid-2026.
The World Gold Council (WGC) also expects the themes of risk and uncertainty to continue driving gold.
“My sense is that we’re going to continue to see these challenges in 2026.”
Cavatoni expects this will translate into continued strong ETF flows and central bank demand for the monetary metal for 2026, although central bank buying may come at a slower pace than the past few years.
Another potential 2026 tailwind for gold is a correction in artificial intelligence (AI) stocks.
Analysts are increasingly warning that this could happen, and it’s possible that AI bubble meltdown concerns may push more investors away from equities and into gold in the coming year.
Michael Hartnett, chief investment strategist at Bank of America Global Research, told his clients in late October that gold may be one of the strongest hedges if the AI bubble bursts.
Similarly, Macquarie analysts are warning that if AI tech firms and their clients can’t demonstrate a return on their huge investments in the emerging technology, gold may be the best bet for protection against the resulting market fallout: “Optimists buy tech, pessimists buy gold, hedgers buy both.’
The gold price has an inverse relationship with the US dollar and real interest rates. Indeed, Morgan Stanley’s US$4,500 gold forecast for mid-2026 is predicated on a weaker dollar and lower rates.
Lower rates typically weaken the dollar, and Trump has been pressuring the US Federal Reserve to drop rates since taking office. With Fed Chair Jerome Powell’s term due to end next year, market watchers are anticipating that a more dovish Fed head will take the helm. This means that more rate cuts are likely on the table for 2026.
A softer dollar and a low rate environment would provide foundational support for further gold price gains. The resulting inflation is expected to push the Fed toward quantitative easing (QE), or the purchasing of government bonds to increase money supply and lower long-term rates, which would further bolster the yellow metal’s appeal.
At its October policy meeting, the Fed stated that its quantitative tightening activities (allowing bonds to mature without reinvesting the proceeds) would end on December 1.
“Frankly … interest expense for the federal government is running at US$1.2 trillion a year (and) the budget deficit is US$1.8 trillion a year, so the interest is really contributing to the deficit,” he said. “The US federal government really needs lower rates, or else interest is going to continue to consume a big piece of their revenues.”
Lepard believes investors are keenly aware that lower rates are coming, which naturally means more inflation. This realization is enhancing gold’s investment appeal.
Heading into 2026, Fed monetary policy changes are likely to give gold another boost to the upside.
“As we move through the year, as the Federal Reserve transitions to QE and maybe yield curve control and money printing, the (precious) metals themselves will catch another leg up,” said Lepard.
“Gold will go through US$4,500 toward US$5,000, silver will go to US$60 or US$70 and (gold and silver) stocks will all go up another 30 percent pretty easily, and then maybe more over the next 12 months,’ he added.
Global financial services provider B2PRIME Group also sees gold’s average price in 2026 at around US$4,500 as US debt challenges and possible Fed rate cuts continue to bolster the value of the precious metal.
Overall, most analysts’ gold price predictions for the upcoming year are in the US$4,500 to US$5,000 range.
Metals Focus is forecasting an annual average high of US$4,560 in 2026, with gold potentially reaching a record US$4,850 in the fourth quarter. The firm sees these gains materializing despite a projected gold surplus of 41.9 million ounces in 2026, up 28 percent year-on-year; that would take mine production to another record high in 2026.
Goldman Sachs (NYSE:GS) is predicting that gold could reach as high as US$4,900 next year on increased central bank buying and anticipated inflation-causing interest rate cuts by the Fed.
For its part, Bank of America (NYSE:BAC) sees the yellow metal breaching US$5,000 in 2026 on growing deficit spending in the US and Trump’s ‘unorthodox macro policies.’
Ongoing uncertainty from trade tensions, a potential market correction in the AI sector, US debt challenges and anticipated shifts in Fed policy have fueled strong investment demand for gold as a safe-haven asset.
Those demand drivers are not going away in 2026; in fact, they are likely to provide further foundational support that could propel the gold price to new record highs.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) further to the Company’s news releases dated October 21, 2025, November 4, 2025, and November 18, 2025, the Company continues to work towards the filing of its annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until December 28, 2025.
While the audit of Sankamap’s private subsidiary has now been completed, timing adjustments in the subsidiary’s audit resulted in a brief postponement of fieldwork and the review of Sankamap’s audit file. The upcoming holiday period is also expected to affect scheduling. To support timely completion of the audit, the Company intends to appoint the subsidiary’s auditor as its auditor, as their familiarity with the Company’s mineral property and the Solomon Islands jurisdiction is expected to facilitate an expedited process. A change of auditor is underway, and the Company expects to file the required change of auditor documentation shortly.
The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.
The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.
About Sankamap Metals Inc.
Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).
Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.
At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.
At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.
1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)
2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012
3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012
QP Disclosure
The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.
Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com
The Canadian Securities Exchange has not approved nor disapproved this press release.
Forward-Looking Statements
Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’
This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276869
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