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Mani Alkhafaji, vice president of corporate of development and investor relations at First Majestic Silver (TSX:AG,NYSE:AG) discusses silver’s recent price rise.

He notes that the gold-silver mining ratio is at seven to one, while the price ratio is at 90 to one.

‘That tells us silver needs to play catch up to collapse that ratio,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

 

(TheNewswire)

 

  

   
 

  

  The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.  

 

  Mr. Michael Kott, Pinnacle’s largest shareholder, and an insider of the Company, has indicated his intention to subscribe for 2,400,000 units, or 12% of the financing.  Other Insiders of the company will also be participating in the offering.  The participation of the insiders in the offering will constitute a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).  The Company is exempt from the requirements to obtain a formal evaluation or minority shareholder approval in connection with the insider participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued, nor the fair market value of the consideration for the securities issued will exceed 25 per cent of the company’s market capitalization as calculated in accordance with MI 61-101.  

 

  ‘We sincerely appreciate Michael’s continued support in this financing,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘He shares our vision of building a new Americas-focused silver and gold company and advancing El Potrero is a significant step on that journey.’  

 

  All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the   United States Securities Act of 1933   , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  

 

      About Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-   grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

 

  Signed: ‘Robert A. Archer’  

 

  President & CEO  

 

    For further information contact   :  

 

  Email:     info@pinnaclesilverandgold.com    

 

  Tel.:  +1 (877) 271-5886 ext. 110  

 

    Website:     www.pinnaclesilverandgold.com    

 

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Monday (July 14) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$119,855, up by 0.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$119,417 and a high of US$121,191.

Bitcoin price performance, July 14, 2025.

Chart via TradingView

Bitcoin continued to ride tailwinds into a fresh trading week, moving above US$123,000 briefly. Strong institutional demand and over US$2.7 billion in spot ETF inflows have added support, allowing Bitcoin to hold at the US$119,000 level.

Market analysts pointed to strong institutional inflows and broader participation from family offices in Asia. Ethereum followed suit, climbing past US$3,000, while Solana and XRP each rose by approximately 3 percent.

The global crypto market cap now stands at US$3.81 trillion. Analysts say this could mark a structural shift, with bitcoin increasingly viewed as a reserve asset by both institutions and some central banks.

Stocks tied to crypto companies are soaring in tandem: Coinbase and Robinhood hit new highs, while Circle stock has risen over 500 percent since its IPO.

Popular trader Daan Crypto Trades eyed two key liquidation-related zones to watch next: US$115,500- US$116,500 and the area above US$120,000.

10x head of research Markus Thielen postulates that Bitcoin’s position as a defense against a financial crisis in the US is driving the rally: “The narrative has completely shifted: no one is talking about blockchain use cases or Bitcoin’s technological promise anymore. Bitcoin has become a macro asset, a hedge against unchecked deficit spending.”

Eugene Cheung, chief commercial officer of crypto platform OSL, told Cointelegraph that the asset has the potential to reach US$130,000 to US$150,000 by year-end.

Ethereum (ETH) was priced at US$2,997.69, up by 0.1 percent over the past 24 hours. Its lowest valuation on Monday was US$2,989.38 and its highest was US$3,061.18.

Altcoin price update

  • Solana (SOL) was priced at US$163.92, up by 0.7 percent over 24 hours. Its lowest valuation on Monday was US$162.99, and its highest was US$168.18.
  • XRP was trading for US$2.92, up 2.3 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.92, and its highest was US$3.02.
  • Sui (SUI) is trading at US$3.85, up by 10.6 percent over the past 24 hours. Its lowest valuation was US$3.86, and its highest was US$3.99.
  • Cardano (ADA) deviated from the trend, declining by 1.8 percent to US$0.7302 at the market’s closure, its lowest valuation of the day. Its highest valuation on Monday was US$0.7591.

Today’s crypto news to know

Bitcoin hits record US$123,000 as Congress kicks off Crypto Week

Bitcoin surged to a new all-time high of US$123,153.22 on Monday (July 14), driven by investor optimism ahead of major US congressional debates on crypto regulation.

The House of Representatives is set to consider three pivotal bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.

These proposals aim to create a federal framework for stablecoins, clarify regulatory jurisdiction between the SEC and CFTC, and ban the Federal Reserve from issuing a central bank digital currency.

On Friday, White House crypto adviser Bo Hines said he anticipates the House will pass the GENIUS Act without amendments, sending it directly to the President. However, Maxine Waters, Ranking Member of the House Financial Services Committee, and Stephen Lynch, Ranking Member of the Digital Assets Subcommittee, responded by announcing their intention to lead Democrats in opposing this Republican-led legislation, which they have labeled as dangerous.

In early 2025, Waters introduced a stablecoin discussion draft, later proposing a bill to restrict US officials and their families from crypto promotion or ownership. She also suggested the US Treasury Secretary shouldn’t approve a foreign stablecoin regime if that nation’s leader publicly declared themselves a dictator. Ohio Representative Warren Davidson (R) separately proposed a CLARITY Act amendment to protect the right to use hardware or software wallets for lawful digital asset custody.

In a Monday MSNBC op-ed, Waters reiterated her opposition, claiming the proposed bills are designed by and for the crypto industry and pose a threat to consumers and investors

While Waters has put forward these amendments and alternative proposals, the current expectation is that the GENIUS Act will be brought to a floor vote under a restrictive rule, meaning her amendments are not expected to receive a direct vote today or this week as part of the GENIUS Act itself. Instead, her efforts serve to galvanize Democratic opposition and offer a contrasting policy vision, providing reasons for members to vote ‘no’ on the Republican-led legislation.

OKX joins Global Dollar Network

Crypto exchange OKX joined the Global Dollar Network, a consortium promoting its regulated US dollar-backed stablecoin for wider adoption, leveraging its compliance as a key differentiator.

The Global Dollar Network has attracted dozens of partners since its launch in November 2024, including Robinhood (NASDAQ:HOOD), Kraken, Anchorage Digital, Beam, DBS and Standard Chartered. Its token, Paxos, is regulated by the Monetary Authority of Singapore, with reserves held by Singapore-based DBS Bank. In July, USDG expanded into the European Union, operating under the MiCA framework.

Institutional demand pushes Bitcoin ETF inflows to record levels

Spot Bitcoin ETFs saw a wave of institutional capital last week, with more than US$1 billion flowing in on Thursday alone.

BlackRock’s IBIT fund led the surge, becoming the fastest ETF to surpass US$80 billion in assets. The inflows helped propel Bitcoin above US$120,000, reinforcing its position amid growing mainstream adoption and policy momentum.

Since the start of 2025, Bitcoin spot ETFs have attracted a staggering US$22.7 billion in cumulative inflows, the vast majority of which was captured by US-listed funds.

Grayscale files for IPO

Grayscale confidentially filed a Form S-1 with the US Securities and Exchange Commission for an initial public offering on July 14 (Monday), according to an announcement on the firm’s website.

Grayscale joins a growing list of crypto-native companies capitalizing on surging market interest. On Saturday (July 12), memecoin launch platform Pump.fun raised over US$500 million in an initial coin offering (ICO), selling out 33 percent of its maximum 1 trillion supply in about 12 minutes.

Grayscale’s official press release didn’t disclose details such as the number of shares it plans to sell or the anticipated price range. Its Grayscale Bitcoin Trust ETF (NASDAQ:GBTC) closed up 1.44 percent on Monday.

Bhutan sells US$59 Million in Bitcoin but retains US$1.4 Billion in holdings

Bhutan has sold over US$59 million worth of bitcoin in recent days, taking advantage of the cryptocurrency’s historic run past US$123,000.

According to blockchain analytics platform Lookonchain, the country offloaded 512.84 BTC in the past four days. Even after the sale, Bhutan still holds over 11,400 BTC, now valued at more than US$1.4 billion.

The sales are coordinated by Druk Holding & Investments, the country’s sovereign wealth fund, which operates a clean-energy mining program powered by hydropower.

Unlike Germany, which liquidated seized crypto, Bhutan actively mines and times its sales to coincide with price peaks. Officials have emphasized the environmental sustainability of their operations in line with national policy goals.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country’s closest allies and trading partners.

In Canada, Prime Minister Mark Carney responded forcefully to the 35 percent tariff on Canadian goods, defending his country’s record and accusing Trump of undermining years of bilateral cooperation.

 

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Carney wrote on X. “We are building Canada strong.”

Canada’s United Steelworkers union condemned the copper tariffs, which they say threaten thousands of Canadian jobs.

“This is yet another escalation in Trump’s trade war that puts Canadian jobs and entire industries at risk,” said USW National Director Marty Warren in a July 10 release.

“Canadian workers didn’t start this trade war, but they’re the ones paying the price,” Warren added.

The union also urged Ottawa to protect its domestic industry: “More than 3,000 of our union’s members work in Canada’s copper industry alone. We need immediate and decisive action to protect these workers.”

Across the Atlantic, the EU has not yet issued a formal response, but analysts say the move could derail the bloc’s ongoing negotiations with Washington.

“Trump’s strategy is to make outrageous demands, then bring them down, then make another push to win some last-minute concessions,” Mathieu Savary, Chief Strategist at BCA Research, told Reuters.

He also predicted that Europe may eventually settle for a 10 percent tariff—’something that the EU can actually handle.’

The US move has also rattled Asia. South Korea’s Ministry of Trade said it would accelerate negotiations with the US following Trump’s threat of a 25 percent tariff.

The ministry said its goal is to “produce mutually beneficial results” and address trade imbalances.

Meanwhile, Japan’s Prime Minister Shigeru Ishiba convened a national task force, saying he “deeply regrets” the tariffs and that Tokyo would continue to protect its national interests.

In Africa, South African President Cyril Ramaphosa blasted Trump’s 30 percent tariff on South African exports, calling it unjustified.

“This reciprocal tariff is not based on an accurate representation of trade data,” Ramaphosa said, maintaining that 77 percent of US exports to South Africa are already duty-free while urging the state to respond to a proposed trade framework submitted in May.

In Latin America, Brazil’s President Luiz Inácio Lula da Silva took aim at Trump’s broader protectionist tone.

At the recent BRICS summit in Rio de Janeiro, Lula said: “The world has changed. We don’t want an emperor.”

Lula was responding to Trump’s threat to slap 10 percent tariffs on BRICS nations if they pursued ‘anti-American’ policies. The Brazilian president reiterated calls for a diversified global trade system, including reducing reliance on the US dollar.

Underlying the current showdown is America’s long-standing import dependence.

According to the recent US Geological Survey (USGS), in 2024, the United States was over 50 percent import reliant for 46 nonfuel mineral commodities — and fully import dependent for 12, including many critical minerals used in manufacturing, defense, and energy sectors.

Despite the mounting backlash, President Trump remains firm, repeatedly portraying the tariffs as necessary to protect American industries and secure better trade terms.

Whether this approach yields results or triggers prolonged trade wars remains uncertain. With less than three weeks before the tariffs take effect, stakeholder groups and nations remain varied in their approach and response to the impending sanctions.

But with little indication from the White House of a willingness to retreat, the global economic community is bracing for a turbulent second half of the year.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) invites investors to attend the Company’s upcoming live webinar presentation and audience Q&A.

CEO Oscar Louzada will provide an overview of the Company’s 29,000-hectare Tapanahony Project in Suriname, where historical drilling and artisanal mining underscore the project’s resource potential, and a sufficiently funded drilling campaign is set to commence imminently.

The webinar will be a live, interactive online event where attendees can ask the presenter questions. A recording will be available for those who cannot join the live event.

Event: Presentation and Q&A with Sranan Gold Corp. hosted by Radius Research
Presentation Date & Time: Thursday, July 17, 2025 at 12:00PM Eastern Time / 9:00AM Pacific Time
Webcast Registration Link: https://us02web.zoom.us/webinar/register/5217520835419/WN_k-jVtrbsRY2cRugxL6RHSg 

This webinar is hosted by Radius Research, part of Market Radius Capital, Inc. and hosted by Martin Gagel, a former top-ranked sell-side technology and special situations analyst.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened.

Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division. For more information, visit sranangold.com.

Information contact
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258809

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western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) is pleased to provide an update on its Environmental and Socio-economic Effects Statement (‘ESE Statement’) submission for the Casino Project (the ‘Project’).

 

 

   

 

 

The ESE Statement incorporates extensive technical work, including environmental and socio-economic baselines studies and assessments. Western is pleased with the progress to date and the level of consultation achieved thus far with First Nations and communities. The feedback from this engagement is making the Project stronger, and we look forward to continuing and intensifying these efforts during the assessment process. The Company expects to deliver its ESE Statement to the Yukon Environmental and Socio-economic Assessment Board (‘YESAB’) before the end of October.

 

‘The Western team and our external consultants have been working diligently on the Project ESE Statement’ said Sandeep Singh , President & CEO. ‘There is an incredible amount of work that has already gone into the Project. We are now in the final stages of compiling and refining this body of work into our submission.

 

The Company is the first to undertake a Panel Review in the Yukon , the highest level of rigor of any project assessed in the territory. We welcome that oversight and believe, more than ever, that the Project can be advanced sustainably and for the benefit of all Yukoners.

 

As one of Canada’s largest and most advanced critical minerals projects, we are uniquely positioned to benefit from Yukon and Federal priorities around resource security, Arctic sovereignty, and nation-strengthening infrastructure.’

 

  ABOUT western copper and gold corporation  

 

 western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

 

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

 

For more information, visit www.westerncopperandgold.com .

 

On behalf of the board,

 

  ‘Sandeep Singh’  

 

  Sandeep Singh  
President and CEO
western copper and gold corporation 

 

   Cautionary Note Regarding Forward-Looking Statements   

 

  This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the timing of the ESE Statement submission and expectations about the assessment process.  

 

  Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.  

 

  Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.  

 

  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.  

 

  View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-provides-update-on-ese-submission-302504836.html  

 

SOURCE western copper and gold corporation 

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/15/c9794.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

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The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.

Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.”

“The idea that the Fed could print money and then spend $2.5 billion on a building without real congressional oversight, it didn’t occur to the people that framed the Federal Reserve Act,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC’s “Squawk Box.” “We’ve got a real problem of oversight and excess spending.”

The inspector general serves the Fed and the Consumer Financial Protection Bureau and is responsible for looking for fraud, waste and abuse. Powell’s request was reported first by Axios.

In a letter posted to social media last week, Russell Vought, head of the Office of Management and Budget, also slammed the project, which involves two of the Fed’s three Washington, D.C., buildings including its main headquarters known as the Eccles Building.

Vought, during a CNBC interview Friday, likened the building to the Palace of Versailles in France and charged that Powell was guilty of “fiscal mismanagement” at the Fed.

For its part, the central bank has posted a detailed frequently asked questions page on its site, highlighting key details and explaining why some of the specifications were changed or “scaled back or eliminated” at least in part due to higher-than-expected construction costs.

“The project also remediates safety issues by removing hazardous materials such as asbestos and lead and will bring the buildings up to modern code,” the page explains. “While periodic work has been done to keep the buildings occupiable, neither building has seen a comprehensive renovation since they were constructed.”

The Fed is not a taxpayer-funded institution and is therefore not under the OMB’s supervision. It has worked with the National Capital Planning Commission in Washington on the project, but also noted on the FAQ page that it “does not regard any of those changes as warranting further review.”

In separate comments, former Fed Governor Kevin Warsh, speaking Sunday on Fox News, called the renovation costs “outrageous” and said it was more evidence the central bank “has lost its way.” Warsh is considered a strong contender to succeed Powell when the latter’s term as chair expires in May 2026.

This post appeared first on NBC NEWS

I remain very bullish and U.S. stocks have run hard to the upside off the April low with growth stocks leading the way. I expect growth stocks to remain strong throughout the summer months, as they historically do, but we need to recognize that they’ve already seen tremendous upside. Could technology (XLK) names, in particular, use a period of consolidation? Well, if we look at a 5-year weekly chart, the XLK really isn’t that overbought just yet:

The weekly PPO has crossed its centerline and is gaining bullish momentum. The recent price breakout suggests to me that we likely have further to run. And if you look at the weekly RSI, you’ll note that we’ve seen the weekly RSI move well into the 70s and even close to 80 before witnessing a market top or pause. Outside a bit of profit taking, I really don’t see the likelihood of a big selloff here. Keep in mind that the XLK represents 31% of the S&P 500. If the XLK doesn’t slow down, it’s very unlikely that we’ll see any type of meaningful decline in the S&P 500 either.

Growth vs. Value

Growth stocks have historically performed well over the summer months. One way to visualize this is to compare large-cap growth (IWF) to large-cap value (IWD) using a seasonality chart. Check this out:

The average monthly outperformance since 2013 is reflected at the bottom of each month’s column. If you add those numbers for May through August, you get +5.4%. If you add those numbers for the other 8 months combined, you get +0.6%. Clearly, large-cap growth has the tendency to outperform value from May through August. We’re in the growth “sweet spot” right now.

So Should We Lower Our Market Expectations?

I say absolutely not. Yes, we’ve run substantially higher off that April low, but I see more left in the tank. Will we see profit taking from time to time and could we see a period of consolidation? Sure. But I still believe that remaining on the sidelines is a big mistake as plenty of market upside remains. In fact, I see another somewhat forgotten asset class that’s poised to scorch 50% higher or more, possibly over the next 6 months. I’m investing in this area now, as I believe it’s in the early stages of a significant rally, and believe it would be prudent for you to take a look as well. For more information, simply CLICK HERE, provide your name and email address, and I’ll send you a video that explains exactly why I’m favoring this group right now!

Happy trading!

Tom

Attorney General Pam Bondi, FBI Director Kash Patel and Deputy FBI Director Dan Bongino all called for Jeffrey Epstein’s sex-trafficking secrets to be made public long before the DOJ’s stunning about-face last week.

‘This systemic review revealed no incriminating ‘client list,’’ read a joint memo leaked to Axios a week ago. ‘There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions. We did not uncover evidence that could predicate an investigation against uncharged third parties.’ 

The revelation shocked many MAGA Republicans and Trump supporters, who had for years believed that Epstein was at the heart of a child sex trafficking ring that involved blackmailing prominent movers and shakers worldwide. Many also doubt the government’s finding that Epstein died by his own hand in New York’s Metropolitan Correctional Center in 2019.

Trump has since brushed off the Epstein investigation as old news, slamming a reporter who asked about Epstein during a Cabinet meeting last week, and posting a Truth Social message on Saturday defending Bondi for her leadership over the case and claiming that Epstein is ‘somebody that nobody cares about.’

‘LET PAM BONDI DO HER JOB — SHE’S GREAT! The 2020 Election was Rigged and Stolen, and they tried to do the same thing in 2024 — That’s what she is looking into as AG, and much more,’ Trump wrote in a lengthy Truth Social post defending Bondi. ‘One year ago our Country was DEAD, now it’s the ‘HOTTEST’ Country anywhere in the World. Let’s keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.’

As MAGA supporters continue calling for details on Epstein’s crimes and alleged ties to the world’s elite, Fox News Digital took a look back at what Bondi, Patel and Bongino had to say about Epstein before the anticlimactic memo dropped. 

AG PAM BONDI 

Just a couple of weeks after Bondi was sworn in as the nation’s 87th attorney general on Feb. 5, she joined Fox News Channel and touted her mission of transparency, most notably on Epstein, and the assassinations of former President John F. Kennedy and Martin Luther King Jr. 

‘The DOJ may be releasing the list of Jeffrey Epstein’s clients. Will that really happen?’ Fox News’ John Roberts asked Bondi in an interview on Feb. 21. 

‘It is sitting on my desk right now to review. That’s been a directive by President Trump. I’m reviewing that. I’m reviewing the JFK files, the MLK files. That is all in the process of being reviewed because that was done at the directive of the president from all these agencies,’ Bondi responded. 

‘Have you seen anything that you said, ‘Oh, my gosh?’’ Roberts asked.

‘Not yet,’ Bondi responded. 

Bondi released an initial batch of files on Epstein to a handful of social media personalities in late February, but the packets did not contain new evidence. However, Bondi once again vowed to come through on Trump’s message of transparency on Epstein’s ‘disgusting actions.’

‘This Department of Justice is following through on President Trump’s commitment to transparency and lifting the veil on the disgusting actions of Jeffrey Epstein and his co-conspirators,’ Bondi said in press release. ‘The first phase of files released today sheds light on Epstein’s extensive network and begins to provide the public with long overdue accountability.’ 

The next month, in March, Bondi joined Fox News’ Sean Hannity and said she ordered the FBI to deliver evidence related to Epstein under a firm deadline, claiming a local field office in New York initially withheld evidence on Epstein. 

‘I gave [the FBI] a deadline of Friday at 8 a.m. to get us everything,’ Bondi said. ‘And a source had told me where the documents were being kept, Southern District of New York, shock. So we got them all by Friday at 8 a.m.’

‘Thousands of pages of documents. I have the FBI going through them… and Director Patel is going to get us a detailed report as to why the FBI withheld all of those documents,’ she continued at the time. 

Bondi again in May fanned the flames of a potential Epstein bombshell when she stated there were no files missing from her investigation and that the DOJ had uncovered tens of thousands of videos showing Epstein with ‘children and child porn.’

‘No, the FBI, they’re reviewing tens of thousands of videos of Epstein with children or child porn,’ Bondi told the media in May when asked about the Epstein files. 

‘There are hundreds of victims,’ she added. ‘… The FBI is diligently going through that.’

Bondi was confronted about her February comments on the Epstein files during a Cabinet meeting on Tuesday, where she defended her remarks to Fox News regarding claims that the Epstein files were on her desk and ready for review. 

‘I was asked a question about the client list, and my response was, ‘it’s sitting on my desk to be reviewed,’ meaning the file along with the JFK, MLK files as well,’ Bondi responded. 

‘That’s what I meant by that. Also, to the tens of thousands of video, they turned out to be child porn downloaded by that disgusting Jeffrey Epstein,’ she continued, saying no such videos would be released or ‘see the light of day.’ 

DIRECTOR PATEL

Long before Patel was floated and named as Trump’s FBI chief, the longtime opponent of the ‘Deep State’ claimed the FBI was in control of Epstein’s reported client list and said it could be released on Trump’s first day in office via a subpoena. 

‘That’s under direct control of the director of the FBI,’ Patel said in 2023 during an interview with BlazeTV’s Glenn Beck. ‘That’s a thing I think President Trump should run on. On day one, roll out the black book.’ 

Patel added in an interview with conservative social media personality Benny Johnson that same year that the FBI was keeping the list private due to the high-profile names in Epstein’s orbit. 

‘Put on your big boy pants and let us know who the pedophiles are,’ Patel said, aiming his remarks at Republican lawmakers. 

He continued that ‘one subpoena to the FBI’ would have forced the release of the alleged list during the same interview with Johnson. 

Patel, who was seen as one of Trump’s more controversial Cabinet picks, earned the praise of key senators for his public calls to uncover details on Epstein ahead of his confirmation hearings. Sen. Marsha Blackburn, R-Tenn., for example, promoted Patel’s nomination as FBI director as he would reveal details on Epstein. 

‘I look forward to working with Kash Patel as FBI Director to release Epstein’s flight logs and black book,’ Blackburn posted to X following Patel’s nomination in November. ‘Under the Trump administration, the American people are going to get answers.’

Fast-forward to his confirmation hearing in January, Patel vowed he would work to uncover Epstein’s alleged vast web of crimes and connections to high-profile individuals. 

‘I want to talk to you about the Epstein case,’ Blackburn told Epstein in January during his confirmation hearing. ‘I have worked on this for years, trying to get those records of who flew on Epstein’s plane and who helped him build this international human trafficking, sex trafficking ring. Now earlier I urged then Chairman Durbin to subpoena those records and I ended up being blocked by Senator Durbin and Christopher Wray. They stonewalled on this and I know that breaking up these trafficking rings is important to President Trump. So will you work with me on this issue so we know who worked with Jeffrey Epstein in building the sex trafficking rings?’

‘Absolutely, Senator,’ Patel responded. ‘Child sex trafficking has no place in the United States of America. And I will do everything, if confirmed as FBI director, to make sure the American public knows the full weight of what happened in the past and how we are going to counterman missing children and exploited children going forward.’

Patel again vowed in February that he would let no stone go unturned as Bondi demanded more documents from the FBI related to Epstein. 

‘The FBI is entering a new era – one that will be defined by integrity, accountability, and the unwavering pursuit of justice. There will be no cover-ups, no missing documents, and no stone left unturned – and anyone from the prior or current Bureau who undermines this will be swiftly pursued. If there are gaps, we will find them. If records have been hidden, we will uncover them. And we will bring everything we find to the DOJ to be fully assessed and transparently disseminated to the American people as it should be. The oath we take is to the Constitution, and under my leadership, that promise will be upheld without compromise,’ he posted to X a the time. 

Patel and Bongino joined Fox News’ Maria Bartiromo in May and defended that evidence showed Epstein killed himself in his New York City jail cell in 2019 – a death many speculated was not suicide, but a cover-up to allegedly protect elites wrapped up in Epstein’s crime – which sparked outrage among conservatives for their handling of the case. 

‘As someone who has worked as a public defender, as a prosecutor who’s been in that prison system, who’s been in the Metropolitan Detention Center, who’s been in segregated housing, you know a suicide when you see one, and that’s what that was,’ Patel said when questioned about Epstein’s death during the interview. 

As Trump supporters spoke out against the FBI and DOJ memo determining there was no Epstein bombshell, reports circulated that a rift at DOJ could lead to Patel resigning. The FBI chief denied such claims on X while also adding that ‘the conspiracy theories just aren’t true.’ 

‘The conspiracy theories just aren’t true, never have been. It’s an honor to serve the President of the United States @realDonaldTrump – and I’ll continue to do so for as long as he calls on me,’ he posted to X. 

DEPUTY DIRECTOR BONGINO 

Back when Deputy FBI Director Dan Bongino hosted a popular national podcast, he urged Americans to keep their eyes peeled on details related to Epstein because it’s a ‘big deal.’

‘That Jeffrey Epstein story is a big deal. Please do not let that story go. Keep your eye on it,’ he told his audience in May 2023. 

In January 2024, Bongino again claimed to his audience that details surrounding Epstein were shocking and that he heard from trusted sources that there were multiple videos showing Epstein with associates abusing children. 

‘Ladies and gentlemen, it has been speculated by many people who are extremely credible,’ Bongino said on a podcast in 2024, ‘including multiple sources to others and to me – one I spoke to directly – that there are a multitude of tapes.’

‘This is where I get really upset at the media,’ he said later in the podcast, adding that journalists had ‘done almost like no – maybe because I was an investigator before, it’s like, I’m amazed at how few people are putting two and two together.’

Following Patel and Bongino reporting to the public that evidence showed Epstein committed suicide, Bongino posted to X that he was not asking Americans to ‘believe me, or not,’ but was telling them the facts surrounding ‘what exists, and what doesn’t.’

‘I was asked about some of the details surrounding the Jeffrey Epstein case. I have reviewed the case. Jeffrey Epstein killed himself. There’s no evidence in the case file indicating otherwise,’ Bongino posted on the social platform X after the interview. ‘I’m not asking you to believe me, or not. I’m telling you what exists, and what doesn’t. If new evidence surfaces I’m happy to reevaluate.’

Reports spread over the weekend that Bongino clashed with Bondi over the Epstein files, including allegedly raising his voice at White House chief of staff Susie Wiles before abruptly leaving a meeting. Bongino was said to be irate over Bondi’s ‘lack of transparency from the start’ over the handling of the files. Bongino is considering resigning over the matter, but no decision has been made publicly known. 

Trump, meanwhile, threw his support behind Bondi in the Saturday Truth Social post while underscoring members of his administration are all on the same team. 

‘What’s going on with my ‘boys’ and, in some cases, ‘gals?’ They’re all going after Attorney General Pam Bondi, who is doing a FANTASTIC JOB,’ Trump wrote in a lengthy post on Truth Social on Saturday. ‘We’re on one Team, MAGA, and I don’t like what’s happening.’ 

‘For years, it’s Epstein, over and over again,’ Trump continued while pinning blaming for the files on Democrats. ‘Why are we giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden administration.’

‘They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier that they used on me, and now my so-called ‘friends’ are playing right into their hands,’ Trump wrote. ‘Why didn’t these Radical Left Lunatics release the Epstein Files? If there was ANYTHING in there that could have hurt the MAGA Movement, why didn’t they use it?’

Trump, who said from the campaign trail he was open to releasing such Epstein files if re-elected, slammed a reporter on Tuesday for inquiring about the files, calling Epstein a ‘creep’ who was old news in comparison to national tragedies such as the floods that gripped Texas this month. 

‘This guy’s been talked about for years. You’re asking.… We have Texas, we have this, we have all of the things. And are people are still talking about this guy, this creep?’ Trump asked. ‘That is unbelievable.’

‘I mean, I can’t believe you’re asking a question on Jeffrey Epstein,’ Trump added. ‘At a time like this, where we’re having some of the greatest success and also tragedy with what happened in Texas. It just seems like a desecration. But you go ahead.’ 

The DOJ and White House did not immediately respond to Fox News Digital’s requests for comment on the previous remarks from DOJ leadership ahead of the memo determining Epstein did not have a client list. 

Fox News Digital’s Ashley Oliver, Brooke Signman, and Brie Stimson contributed to this report. 

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The Trump administration is speeding up its efforts to address a nationwide shortage of Air Traffic Controllers. 

Earlier this year, Transportation Secretary Sean Duffy announced a push to hire 2,000 new controllers by the end of the year. 

Inside the Federal Aviation Administration’s Oklahoma City training site, there is cutting-edge simulation technology that gives trainees a real feel for working in the tower. 

According to the FAA, that technology cuts weeks off the time required for certification. Now, federal aviation officials say they’re on track to reach the goal of 2,000 new controllers by mid-September. 

‘Keying up, telling an aircraft to do something is not something that just comes natural to people…It’s learning that phraseology,’ explained Chris Wilbanks, the FAA’s Vice President of Mission Support. ‘It’s making sure that the pilot completely understands the instruction that you just gave him.’ 

Each trainee starts with a 30-day basics course, followed by six to eight weeks of specialized training in both tower and radar operations. 

You impact people’s lives,’ said Wilbanks. ‘They get on an airplane; they make it to their destination safely. They don’t know who got them there, but it’s you.’ 

The push for more air traffic controllers comes as staffing shortages caused delays earlier this year at busy airports such as Newark, New Jersey. 

‘We just put a brand-new simulation in Newark … We do have our problem spots out there. We keep our eyes on it every day,’ Wilbanks said. 

To help meet the demand, Transportation Secretary Duffy launched the Supercharge Initiative earlier this year. Part of that $12.5 billion boost to FAA infrastructure includes $100 million for training. 

July alone has seen the highest number of academy students in training in FAA’s history, with 550 students expected by the end of the month. 

The FAA reports it has shaved more than five months off the administrative process. Students who scored in the top percentile are now being placed into the academy more quickly. 

‘It’s going to take time to address the nationwide controller shortage, but I’m pleased to see our supercharge initiative is taking off. With our new streamlined hiring process, the best and the brightest candidates are starting their careers in air traffic control faster,’ said U.S. Transportation Secretary Sean P. Duffy in a newsletter sent to FOX early Friday. ‘We’ll continue to leverage opportunities big and small to keep chipping away at the shortage to keep our skies safe.’

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