Archive

November 15, 2025

Browsing

Even before the conflict over Medicaid subsidies that resulted in a month-and-a-half-long government shutdown, Democrats were already attacking Republicans over their reforms to the federal health insurance program, which has expanded over many years.

Democrats say the GOP’s cuts were put in place to give tax breaks to the wealthy, and serve to raise people’s premiums and kick them off their coverage. But Republicans, free-market health policy experts and a disability advocate argue these are ‘scare tactics’ used to deceive the public about what Republicans are really trying to do to Medicaid.

According to conservative health policy experts who spoke to Fox News Digital, Republican changes have done nothing to harm those whom Medicaid was originally intended for — people not expected to be in the labor market, such as individuals with disabilities, pregnant women, children and seniors. They argue the Medicaid reforms built into Trump’s tax cuts have actually improved the federal healthcare program for those it is supposed to be serving. 

‘The Working Families Tax Cuts increased oversight efforts as part of a larger package of Medicaid program integrity measures to more precisely serve the traditional Medicaid and the Medicaid Expansion populations,’ said Rep. Morgan Griffith, R-Va., who serves as chairman of the House Committee on Energy and Commerce Subcommittee on Health. ‘Progressive Democrats and their Congressional allies are desperate as they try to pan the Working Families Tax Cuts as devastating to the traditional Medicaid population, which is not true! The traditional Medicaid population, which includes expectant mothers, low-income seniors, children and individuals with disabilities, is not affected by our bill!’

Stricter eligibility requirements — which experts who support the GOP’s approach told Fox News would ensure Medicaid dollars go to those they were intended for — are among the Republican reforms that have drawn Democrats’ ire. Medicaid and the Children’s Health Insurance Program had more than 82 million enrollees in 2024, compared with 42.1 million in 2005.
 

Democrats are also upset with provisions that impact how states get reimbursed for certain healthcare coverage via the federal government. Republicans have argued that Democratic states, like California, have been using funding loopholes in this framework so that federal dollars can help them pay for the ballooning cost of covering health insurance for non-U.S. citizens. 

The latest fight that triggered the recent government shutdown centered on enhanced Medicaid subsidies enacted under President Joe Biden during the coronavirus pandemic, described by his administration as a way to ease healthcare costs during that economic strain. Since February, Democrats have targeted vulnerable Republicans over the issue through ad buys and messaging campaigns. One group, Protect Our Care, reportedly spent $1 million on billboards and TV ads titled ‘Hands Off Medicaid.’

However, Paragon Health Institute President Brian Blase argues these changes serve to ‘rightfully refocus’ Medicaid, not ruin it. 

‘It requires able-bodied, working-age adults to work, go to school, or volunteer to receive benefits. It cracks down on corporate-welfare schemes that direct billions of dollars to wealthy, politically connected insurers and hospitals,’ Blase said. ‘And it reduces waste, fraud, and abuse that divert resources from those that truly need it.’ 

Chairman of the House Committee on Energy and Commerce, Rep. Brett Guthrie, R-Ky., said point-blank that ‘members of the traditional Medicaid population will not lose coverage due to this law,’ while slamming the ‘left-wing media’ for perpetuating attacks on Republicans.

‘Time and again, Republicans have fought for strengthening, sustaining, and securing the Medicaid program for our most vulnerable Americans — expectant mothers, children, low-income seniors, and individuals living with disabilities,’ Guthrie argued. ‘Republicans are enabling the Medicaid program to serve its intended purpose, and we will continue to fight for solutions that protect the program for generations to come.’

Dean Clancy, Senior Health Policy Fellow at Americans for Prosperity, applauded Republicans for sticking to their guns in the face of ‘Democrats’ hyperbolic claims and histrionic scare tactics aimed at blocking any change to Medicaid.’  

Another angle of attack for Democrats has been claims that the Republican reforms will negatively impact people with disabilities. The fear is that the increased eligibility requirements will be a major barrier to people with disabilities who might struggle with such tasks. They also fear the funding framework change for states could push them to reduce benefits, eligibility or limit services for this population.   

But Rachel Barkley, Director of the National Center’s Able Americans Program, which promotes free-market policy reforms for people with disabilities, said she is confident that Republicans’ reforms to Medicaid will ‘directly improve’ the lives of those living with disabilities.

Among the reforms Barkley praised were the implementation of the Helping Communities with Better Support (HCBS) Act, which she said ‘expands access to Medicaid home- and community-based services for individuals with disabilities and their caregivers,’ while simultaneously increasing transparency and accountability for those waiting for care. 

Barkley also highlighted new tax provisions ushered in by Republicans that she said will serve to promote financial security for those with disabilities. 

But importantly, Barkley added, the GOP reforms — such as new work requirements — serve to ensure that disabled people are given the priority within Medicaid that they deserve.  

Clancy, meanwhile, noted that he and the folks at Americans For Prosperity, a D.C. think-tank that promotes free-market solutions to problems, were big fans of the ‘Personal Option’ that he says Republicans’ Medicaid reforms advanced. 

Clancy has described the ‘Personal Option’ as ‘a set of sensible, principled reforms that make American health care better, more affordable, and more accessible for everyone — without a government takeover.’ He said the approach gives Medicaid enrollees more control over how their services are delivered rather than leaving those decisions to the government.

This post appeared first on FOX NEWS

A group of former federal judges sharply criticized a top Justice Department official this week for characterizing the court fights playing out in President Donald Trump’s second term as a ‘war’ against so-called ‘activist judges,’ remarks they described as unnecessarily inflammatory and amounting to ‘pouring oil’ on an already fast-burning fire.

Todd Blanche, the deputy attorney general, spoke colorfully last week during a fireside chat hosted by the Federalist Society. Blanche used his time to excoriate federal judges for pausing or blocking some of Trump’s biggest executive orders and actions since January and to urge young lawyers and law students in the audience to fight back. 

‘It is a war,’ Blanche said, ‘and it is something we will not win unless we keep on fighting.’

The judges ‘have a robe on, but they are more political, or as political, as the most liberal governor or DA,’ Blanche added. 

His remarks prompted a rebuke from the New York State Bar Association and from the Article III Coalition, a group of 50 former federal judges appointed by Democratic and Republican presidents. 

This type of rhetoric, ‘especially when voiced by high-ranking officials — not only endangers individual judges and court staff, but also undermines the public’s trust in the judiciary as an impartial and co-equal branch of government,’ the judges said in a letter. 

In a series of interviews this week, several former judges told Fox News Digital they were shocked by Blanche’s remarks, which they described as a departure from longstanding Justice Department norms and a threat to the judiciary both as an institution and to the individual judges who serve on the bench.

One judge said Blanche’s remarks were ‘wildly different from all prior decades and under all prior administrations’ he experienced in his more than 60-year career in D.C.

‘I’ve been in Washington since 1974, continuously, and I’ve never seen anything like it,’ Paul R. Michel, the former chief judge for the U.S. Court of Appeals for the Federal Circuit, told Fox News Digital in an interview.

Michel served as a special prosecutor in the Watergate investigation, a role in which he personally interviewed former President Nixon. 

‘It’s just startling for the deputy attorney general to be functioning as a PR ‘hatchet man’ instead of a law enforcement official,’ he said of Blanche’s remarks.

Michel and others in the group of retired judges told Fox News Digital they fear the rhetoric used could further erode public trust in the judiciary, a branch that the framers designed to interpret the law impartially and to serve as a check against excesses of the other branches, regardless of politics or the administration in charge. 

They noted that while parties often disagree with a decision or a near-term temporary order or motion, both the Justice Department and the opposing parties have a readily available mechanism to seek relief via the appeals process. 

Parties looking to challenge a temporary order or other form of injunctive relief can proceed with having the district court evaluate a case on its merits, kick it to the U.S. Court of Appeals, and, in some cases, the Supreme Court, for review, Philip Pro, a former U.S. district judge in Nevada appointed by President Ronald Reagan, told Fox News Digital.

Federal judges have attempted to issue near-term or emergency orders temporarily blocking some of Trump’s top policy priorities, including on immigration enforcement, birthright citizenship and sweeping layoffs across the federal government. The administration has responded to the lower court actions by seeking emergency relief from the higher courts, via emergency stays, which Blanche also touted during his remarks last week. 

Judges are ‘totally reactive’ by design, Pro said. ‘We’re sitting in our districts. The cases are randomly assigned.’

‘There is nothing ‘rogue’ about these decisions,’ Pro added. ‘Those wheels grind slowly, but they grind exceedingly well, and that’s the way you get resolution.’

Josh Blackman, a professor at the South Texas College of Law who attended the fireside remarks, told Fox News Digital in an interview he is sympathetic to the concerns voiced by the judges, but he also understands the broader issue Blanche may have been trying to get at, which is the power the courts have to review the actions of the executive branch. 

This has emerged as a particular pain point not only for Trump but for his predecessors, each of whom has sought to enact some of their policy priorities via executive order in a bid to sidestep a clunky and slow-moving Congress.

Those actions are therefore more vulnerable to emergency intervention from the federal courts, Blackman said, though the degree to which judges can or should act in this space is the subject of ongoing debate.

‘I don’t see Blanche’s comments as calling for violence,’ Blackman said. ‘I think it’s more trying to say that there’s just this struggle between the executive branch and the judiciary that is not normal.’ 

Trump is far from the first president to publicly complain about ‘activist’ judges for hampering his policies. Such criticisms stretch back decades and include former presidents Franklin Roosevelt and Richard Nixon, among others. 

Still, the judges say they are concerned by Blanche’s remarks, which are a stark departure from what they experienced in their own careers, including while serving as federal prosecutors.

‘Calling judges ‘rogue’ because they apply the law in a politically unfavorable way is a fundamental misunderstanding of the role of the judiciary in our constitutional structure,’ Allyson K. Duncan, a former judge for the U.S. Court of Appeals for the Fourth Circuit, said in a statement. 

Michel, the former special prosecutor for the Watergate investigation, noted he worked for two successive deputy attorneys general in the ‘exact post Blanche now holds,’ but who gave much different marching orders.

‘Their instructions to me were, ‘Politics are outside the boundaries for Justice Department employees,’ and politics are ‘not to have any influence,” he said. ‘We were not to pay any attention to what somebody in the White House might say, or in the media or elsewhere. We were to be a ‘politics-free zone.’

‘That seemed to me to be entirely appropriate,’ Michel said. ‘The power to investigate, the power to indict and the power to prosecute and convict are awesome, awesome powers,’ he added.

The group also cited concerns for their colleagues who remain on the bench at a time when public threats to judges have increased, according to data from U.S. Marshals. This includes online harassment, threats of physical violence and ‘doxxing’ judges at their home addresses by sending them unsolicited pizzas. Some deliveries have been made in the name of a judge’s son who was shot and killed in 2020 after opening the door to a disgruntled individual disguised as a delivery person.

The number of threats made against federal judges in 2025 has outpaced threats from the past 12-month period, according to the U.S. Marshals Service, prompting a push for Congress to take action. 

‘Deputy Attorney General Blanche’s remarks reflect a reality the Department of Justice confronts every day — a growing number of activist judges attempting to set national policy from the bench,’ a spokesperson for the Justice Department told Fox News Digital on Friday in response to a request for comment. 

‘The department will continue to follow the Constitution, defend its lawful authorities and push back when activist rulings threaten public safety or undermine the will of the American people.’ 

This post appeared first on FOX NEWS

The FBI identified Keith Michael Lisa as the suspect wanted in connection to an attack this week on U.S. Attorney Alina Habba’s office.

A reward of up to $25,000 is being offered by the FBI for information leading to the arrest and conviction of Lisa.

‘Keith Michael Lisa is wanted for allegedly entering the Peter W. Rodino Federal Building in Newark, New Jersey, on November 12, 2025, while in possession of a bat,’ according to the FBI. ‘After being denied entry, he discarded the bat and returned. Once inside the building, he proceeded to the U.S. Attorney’s Office where he damaged government property.’

‘A federal arrest warrant was issued for Lisa on November 13, 2025, in the United States District Court for the District of New Jersey, Newark, New Jersey after he was charged with Possession of a Dangerous Weapon in a Federal Facility and Depredation of Federal Property,’ the FBI added.

Attorney General Pam Bondi announced Thursday that an individual attempted to confront Alina Habba on Wednesday night, ‘destroyed property in her office’ and then ‘fled the scene.’

‘Thankfully, Alina is ok,’ Bondi added. ‘Any violence or threats of violence against any federal officer will not be tolerated. Period. This is unfortunately becoming a trend as radicals continue to attack law enforcement agents around the country.’

Habba said following the incident that, ‘I will not be intimidated by radical lunatics for doing my job.’

Lisa, 51, is described by authorities as being around 6 feet 3 inches tall and weighing between 200 to 230 pounds.

The FBI said Lisa has ties to New York City and Mahwah, N.J., and ‘should be considered dangerous.’

On its website, the Justice Department said that as Acting U.S. Attorney and Special Attorney to the United States Attorney General, Habba ‘is responsible for overseeing all federal criminal prosecutions and the litigation of all civil matters in New Jersey in which the federal government has an interest.’

‘Including the offices in Newark, Camden, and Trenton, Ms. Habba supervises a staff of approximately 155 federal prosecutors and approximately 130 support personnel,’ according to the Justice Department.

Fox News’ Alexis McAdams contributed to this report.

This post appeared first on FOX NEWS

Attorney General Pam Bondi announced Saturday that the suspect wanted in connection to the attack on U.S. Attorney Alina Habba’s office in New Jersey this week has been taken into custody.

The FBI had identified the suspect Friday night as Keith Michael Lisa. 

Bondi said in an X post on Saturday morning that thanks to the FBI, the U.S. Marshals Service and Homeland Security Investigations, the suspect wanted in the attack on Habba’s office ‘is now in custody.’

‘No one will get away with threatening or intimidating our great U.S. Attorneys or the destruction of their offices,’ Bondi wrote.

The FBI said Lisa was wanted for allegedly entering the Peter W. Rodino Federal Building in Newark, New Jersey, on Nov. 12, 2025, while in possession of a bat.

‘After being denied entry, he discarded the bat and returned,’ the FBI said. ‘Once inside the building, he proceeded to the U.S. Attorney’s Office where he damaged government property.’

A federal arrest warrant was issued for Lisa on Thursday in the United States District Court for the District of New Jersey in Newark after he was charged with possession of a dangerous weapon in a federal facility and depredation of federal property, the FBI added.

Bondi had announced Thursday that an individual attempted to confront Habba on Wednesday night, ‘destroyed property in her office’ and then ‘fled the scene.’

‘Thankfully, Alina is ok,’ Bondi added. ‘Any violence or threats of violence against any federal officer will not be tolerated. Period. This is unfortunately becoming a trend as radicals continue to attack law enforcement agents around the country.’

Habba said following the incident that, ‘I will not be intimidated by radical lunatics for doing my job.’

Lisa, 51, was described by authorities as being around 6 feet 3 inches tall and weighing between 200 and 230 pounds.

The FBI said Lisa has ties to New York City and Mahwah, N.J., and ‘should be considered dangerous.’

On its website, the Justice Department said that as Acting U.S. Attorney and Special Attorney to the United States Attorney General, Habba ‘is responsible for overseeing all federal criminal prosecutions and the litigation of all civil matters in New Jersey in which the federal government has an interest.’

‘Including the offices in Newark, Camden, and Trenton, Ms. Habba supervises a staff of approximately 155 federal prosecutors and approximately 130 support personnel,’ the Justice Department said.

This post appeared first on FOX NEWS

Attorney General Pam Bondi announced Saturday that the suspect wanted in connection to the attack on U.S. Attorney Alina Habba’s office in New Jersey this week has been taken into custody.

The FBI had identified the suspect Friday night as Keith Michael Lisa. 

Bondi said in an X post on Saturday morning that thanks to the FBI, the U.S. Marshals Service and Homeland Security Investigations, the suspect wanted in the attack on Habba’s office ‘is now in custody.’

‘No one will get away with threatening or intimidating our great U.S. Attorneys or the destruction of their offices,’ Bondi wrote.

‘We got him. This Justice Department under Attorney General Pam Bondi and our federal partners will not tolerate any acts of intimidation or violence toward law enforcement,’ Habba wrote on X on Saturday in reaction to the arrest. ‘Now justice will handle him.’

The FBI said Lisa was wanted for allegedly entering the Peter W. Rodino Federal Building in Newark, New Jersey, on Nov. 12, 2025, while in possession of a bat.

‘After being denied entry, he discarded the bat and returned,’ the FBI said. ‘Once inside the building, he proceeded to the U.S. Attorney’s Office where he damaged government property.’

A federal arrest warrant was issued for Lisa on Thursday in the United States District Court for the District of New Jersey in Newark after he was charged with possession of a dangerous weapon in a federal facility and depredation of federal property, the FBI added.

Bondi had announced Thursday that an individual attempted to confront Habba on Wednesday night, ‘destroyed property in her office’ and then ‘fled the scene.’

‘Thankfully, Alina is ok,’ Bondi added. ‘Any violence or threats of violence against any federal officer will not be tolerated. Period. This is unfortunately becoming a trend as radicals continue to attack law enforcement agents around the country.’

Habba said following the incident that, ‘I will not be intimidated by radical lunatics for doing my job.’

Lisa, 51, was described by authorities as being around 6 feet 3 inches tall and weighing between 200 and 230 pounds.

The FBI said Lisa has ties to New York City and Mahwah, N.J., and ‘should be considered dangerous.’

On its website, the Justice Department said that as Acting U.S. Attorney and Special Attorney to the United States Attorney General, Habba ‘is responsible for overseeing all federal criminal prosecutions and the litigation of all civil matters in New Jersey in which the federal government has an interest.’

‘Including the offices in Newark, Camden, and Trenton, Ms. Habba supervises a staff of approximately 155 federal prosecutors and approximately 130 support personnel,’ the Justice Department said.

This post appeared first on FOX NEWS

Dana Samuelson, president of American Gold Exchange, discusses this year’s unusual market dynamics for gold and silver, saying there have been three big moves of physical metal.

‘To me, this is literally a run on the bank of gold globally — it’s global, it’s widespread and it’s deep, and I don’t see it changing anytime soon,’ he explained.

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

This post appeared first on investingnews.com

Mike Maloney, founder of GoldSilver.com, explains why this time really is different for gold and silver, pointing to factors including growing mainstream adoption.

‘This to me signals the beginning of the third and final phase of the bull market — and that is where you have the greatest amount of gains in the shortest period of time,’ 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

The gold price was back in action this week, breaking above the US$4,200 per ounce level after spending about two weeks trading at lower price points.

Silver was on the rise again as well, pushing briefly past US$54 per ounce.

Both precious metals saw their biggest gains midway through the week as the US government shutdown came to an end. At 43 days, it was the longest in history, and finished on Wednesday (November 12) as eight Democrats broke ranks to vote in line with Republicans on a funding package.

US economic data has been scarce during the shutdown, and government agencies are now beginning to play catch up as workers return to their posts. While some reports are scheduled to come out next week, others could take weeks or may never be released at all.

‘Based on past shutdowns, we anticipate data originally scheduled for release in the first half of October — primarily data covering September — will be released fairly quickly. However, the timetable will vary depending on the normal data collection process for each indicator’ — Nancy Vanden Houten, Oxford Economics

From a gold perspective, all eyes are on numbers that may impact the US Federal Reserve’s interest rate decision next month. While the Fed has now made two cuts in 2025, Chair Jerome Powell emphasized after the central bank’s last meeting that a December reduction is not guaranteed.

More recent commentary from other Fed officials points to continued dissent, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows an almost even split between a cut or a pause.

That uncertainty weighed on gold and silver prices as the week drew to a close. Gold was at the US$4,080 level as of Friday (November 14) afternoon, while silver was around US$50.60.

Bullet briefing — New Orleans takeaways

For our bullet briefing this week, I want to share a few highlights from the New Orleans Investment Conference, which our team attended from November 2 to 5.

At the time, the gold price was around US$4,000 and the silver price was in the US$48 dollar range, and my main takeaway from the experts I heard from was that the pullback would be temporary.

Given this week’s price activity, it looks like that idea is already being proven right. That said, it’s worth noting that most of the people I heard from weren’t expecting such a quick turnaround — in general, the consensus was that prices could remain at lower levels for weeks or months, with some saying gold could fall as low as US$3,600.

Does that mean a deeper correction is coming? Time will tell…

On that note, another topic that came up at the event frequently was taking profits. Quite a few people discussed how they did some trimming in October, when gold and silver prices were really running, and then put the money to work in other parts of the market.

For example, Rick Rule of Rule Investment Media talked about how he sold 25 percent of his junior gold stocks at that time. Here’s how he explained his decision:

‘We were in a period five weeks ago where there were no asks, there were all bids. And I’ve learned in the market to do what’s easy. If there’s no bids, be a bid. If there’s no asks, be an ask. And the sector was white hot. There were so many junior financings, and when a company’s financing, they’re telling you that your cash is worth more than their stock. Well, they should know what their stock is worth. Since they were selling, I decided I would sell some too.

‘But what was most important to me was personal. I’ve been a heavy investor in the sector since 2020, and I was at a period of time where I could, by selling a quarter of my position, recoup all of my capital and pay the capital gains tax and have the rest for free. I can be very patient with that remaining 75 percent.’

He redeployed the cash he got from selling gold juniors into physical gold, Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and oil and gas stocks.

Finally, while I’m always keen to understand what’s happening now, I also wanted to use this conference to start talking about what sectors will do well in 2026.

I asked almost all of my interviewees what they think next year’s top-performing asset will be, and I was surprised to get a fairly wide variety of responses.

Precious metals were definitely mentioned, with multiple people saying that while silver has made impressive moves this year, it hasn’t truly had a chance to shine.

But copper was also brought up numerous times, as was uranium. And I got a couple of outlier responses, including emerging markets, which Peter Schiff of Euro Pacific Asset Management discussed, and oil and gas, which Rule said would be his pick for top-performing asset in terms of risk to reward.

Rule also highlighted small-scale community banks in the US.

You can view the full New Orleans Investment Conference playlist here.

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

This post appeared first on investingnews.com

During the Mining Share panel at the New Orleans Investment Conference, participants underscored that the gold bull market will continue — however, just where we are in that bull run was up for debate.

For conference host and Gold Newsletter editor Brien Lundin, there is still some way to go.

“The gold bull market is still in place. We don’t know how long it’s going to last. That’s the hard part. I think gold’s going to US$6,000 to US$8,000 (per ounce) in the cycle, maybe more. (The) mining share bull market, I would say we’re probably in the fourth inning, fifth inning, maybe. But you know, we could go to extra innings,” he said.

Strategic investor Jeff Phillips also believes the gold bull market is at an early stage.

‘I would say that we are in the third or fourth inning,” he said. “This is early on in the bull market, but I do think there’ll be a rain delay, since we’re talking about baseball terminology. I think this is an epic bull market that we’re in.”

Phillips went on to compare today’s setup to past cycles, noting the strong run gold saw between 2003 and 2007, before the financial crisis briefly derailed momentum. Although he anticipates another correction at some point, he remains confident in the broader bull market and said he is continuing to buy and stay patient.

For Jordan Roy-Byrne, understanding the difference between a secular and cyclical bull market is imperative.

“Secular — that’s the major long-term trend that usually lasts a decade or longer. Cyclically, it can be anywhere from two to five years or so,’ explained the editor and publisher of the Daily Gold.

“I think the cyclical bull has three or four more years left. The risk when that gets long in the tooth is then you have what happened at 1975 to 1976, and also 2008 — that’s when you have your 65 or 60 percent decline in the shares.”

Although Roy-Byrne believes that type of correction is “far off into the future,” he was adamant that something like that will happen before the current secular bull market comes to an end.

Jennifer Shaigec, principal at Sandpiper Trading, said central bank buying shows the bull market is in its infancy.

“I think we’re still actually in fairly early innings,” she said. “The underlying fundamentals for why central banks have been buying gold have not changed. In fact, I can see it accelerating.”

Shaigec went on to acknowledge that gold often experiences a seasonal dip at this time of year, and that some investors may be waiting for a pullback. But she emphasized that the broader fundamentals remain strong.

Drawing a parallel to 2008, when gold fell about 22 percent before rebounding above previous highs within six months, she urged investors to keep a long-term perspective and be mentally prepared for short-term volatility. Shaigec also pointed out that gold has historically been among the first assets to recover after market downturns.

Rounding out the panel, Nick Hodge, publisher at Digest Publishing, told attendees that the gold correction has found short-term support at the US$4000 level, but longer-term support is around US$3,600.

“All the fundamental drivers, ie. the debt, central bank buying, etc., are still in place and haven’t abated,” he said. “Silver hasn’t had its move yet, so that tells me we still have some time to go. And GDX, GDXJ just started outperforming the gold price in August, so it’s still early to the middle days in the precious metal bull market.”

What’s next for the gold price?

From there, panel moderator and well-known investor Rick Rule, proprietor at Rule Investment Media, emphasized that the recent pullback in gold is minor in the context of a much larger, long-running bull market.

Rule agreed with Roy-Byrne’s distinction between cyclical dips and broader secular trends, noting that many investors seem rattled by what is essentially a normal fluctuation.

He pointed out that gold is still up dramatically over the past year, and that past cycles have seen far sharper drops — including a 50 percent decline in 1975 — that ultimately didn’t break the long-term trend.

Noting that precious metals cycles tend to follow a familiar pattern, beginning with strength in gold and moving outward into other segments, Rule asked the panel participants which companies in the gold sector — explorers, developers or potential M&A targets — are now best positioned as the market progresses.

For Hodge, exploration and brownfields development are a strong choice as the precious metals cycle evolves.

He noted that the VanEck Gold Miners ETF (ARCA:GDX) outperformed gold over the summer, prompting some investors to take profits and rotate capital into earlier-stage opportunities — momentum he expects to continue.

Hodge added that market cycles now move faster due to the speed of information, accelerating the shift from producers to companies further down the value chain as miners look to replace reserves.

Additionally, he pointed to a growing influx of risk-tolerant investors who cut their teeth in crypto and are increasingly drawn to gold and mining equities as they learn about fiat currency and counterparty risk. Their appetite for speculation, he said, is likely to push more capital into smaller, higher-risk exploration names over the next year.

Shaigec echoed Hodge’s sentiment.

“I agree there’s a lot of speculative money that has yet to rotate over to precious metals,” she said.

“I’m seeing a lot of oversubscribed private placements. I just think that juniors are still the place to be. There’s some grassroots exploration, which actually hit an all-time low in 2023, and we’ve still had decades of lack of investment in exploration. We have a lot of room yet to run there,’ Shaigec added.

Roy-Byrne advised watching silver, underscoring the value that gold’s sister metal has yet to gain.

“Silver, after this correction, has a chance to make a historic move,” he told the audience. “We’re probably going to see a lot of money jump in next year when that happens.”

Referring to an analogy he once heard, Phillips compared a precious metals bull market to the crack of a whip: producers move first, followed by mid-tier and single-asset developers, with exploration companies snapping into action at the very end. In his view, the market is only just reaching that final stage, and explorers have yet to see real upside.

Phillips also echoed other panelists’ comments that younger crypto investors are becoming more aware of inflation, money printing and the value of hard assets.

That shift, he said, is already showing up in unconventional moves, from stablecoin companies buying gold royalties to major tech firms and even governments directing capital into mining-related assets.

All of that suggests the speculative end of the sector is only beginning to come alive, he said.

Expert stock picks — Gold, silver, copper, nickel and uranium

Toward the end of the discussion, Rule asked each panelist to provide stock picks for the attentive audience.

First was Lundin, who praised the list of more than 100 exhibitors at the 51st New Orleans Investment Conference.

He recommended Delta Resources (TSXV:DLTA,OTCQB:DTARF), highlighting its “large, still undefined, gold resource in the Thunder Bay region.” He also likes Getchell Gold (CSE:GTCH,OTCQB:GGLDF), a company focused on gold in Nevada, and Seabridge Gold (TSX:SEA,NYSE:SA), which he dubbed a “permanent optionality play.”

For Phillips, Empress Royalty’s (TSXV:EMPR,OTCQB:EMPYF) management team, cashflow-positive status and focus on gold and silver puts the company at the top of his list.

Almadex Minerals (TSXV:DEX,OTCQX:AAMMF), where management has a history of finding multimillion-ounce deposits, and prospect generator Headwater Gold (CSE:HWG,OTCQB:HWAUF), were also among his stock selections.

Shaigec veered away from precious metals in recommending SPC Nickel (TSXV:SPC,OTCQX:SPCNF), a company with good geology and a management team that owns 36 percent of the firm’s shares.

She also mentioned Pacifica Silver (CSE:PSIL,OTCQB:PAGFF) citing the company’s recent private placement, which included First Majestic Silver (TSX:AG,NYSE:AG). Her last stock pick and “absolute favorite” is Camino Minerals (TSXV:COR,OTCID:CAMZF), a Peru-focused copper company with good management.

Rounding out the list were Hodge’s selections, starting with Northshore Uranium (TSXV:NSU) due to its US deposit. He also chose Kincora Copper (TSXV:KCC,OTCQB:BZDLF), citing its small market cap, strong investor interest and robust portfolio, and Kingsmen Resources (TSXV:KNG,OTCQX:KNGRF), a company that has seen its share price grow from C$0.25 to C$0.75 in the last year.

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

This post appeared first on investingnews.com

On Thursday (November 13), Canadian Prime Minister Mark Carney announced a second round of nation-building projects that will be referred to the Major Projects Office. The office was established earlier in the year to streamline the regulatory and funding processes for projects deemed to be in the national interest.

The first set of projects, announced on September 11, included support for the expansion of Newmont’s (NYSE:NEM,ASX:NEM) Red Chris mine in Northern British Columbia, LNG Canada’s phase 2 expansion of its facility in Kitimat, BC, and Foran Mining’s (TSX:FOM) McIlvenna Bay copper-zinc project in Saskatchewan.

According to the Prime Minister’s Office (PMO), the new set of projects represents more than C$56 billion in new investment and supports the creation of 68,000 new jobs.

Critical mineral projects on the list consist of:

        Outside of critical minerals projects, the announcement included support for the Ksi Lisims liquefied natural gas (LNG) project near Prince Rupert in Northwest BC. The Nisga’a First Nation is leading the project and, when complete, it will become Canada’s second-largest LNG facility after LNG Canada’s Kitimat facility. According to the PMO, the project is expected to generate almost C$30 billion in investment and create thousands of jobs.

        Additionally, support will be made available for the North Coast Transmission line, which will provide low-cost electricity and improved telecommunications to communities along BC’s north coast. Likewise, the Iqaluit Nukkiksautiit hydro energy project will receive support to provide hydroelectric energy to communities in Nunavut and reduce the reliance on diesel imports.

        For more on what’s moving markets this week, check out our top market news round-up.

        Markets and commodities react

        Canadian equity markets were mixed this week.

        The S&P/TSX Composite Index (INDEXTSI:OSPTX) rose 1.89 percent over the week to close Friday (November 14) at 30,326.46.

        Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) rebounded to gain 1.33 percent to 879.88. The CSE Composite Index (CSE:CSECOMP) had another bad week, plunging 9.01 percent to close at 150.19.

        The gold price rose significantly this week, climbing from its open of US$4,000 to US$4,243 by Thursday morning. However, it pulled back to end the week up 2.01 percent at US$4,080.64 per ounce by 4:00 p.m. EST Friday.

        The silver price performed even better. After opening at US$48.35, it tested all-time highs at US$54.31 Thursday before ultimately ending the week up 4.57 at US$50.56.

        Meanwhile, in base metals, the copper price gained 1.79 percent to US$5.11 per pound.

        The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.28 percent to end Friday at 559.27.

        Top Canadian mining stocks this week

        How did mining stocks perform against this backdrop?

        Take a look at this week’s five best-performing Canadian mining stocks below.

        Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

        1. Adex Mining (TSXV:ADE)

        Weekly gain: 157.14 percent
        Market cap: C$40.63 million
        Share price: C$0.09

        Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada.

        The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.

        The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.

        According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrated contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.

        Additionally, the company engaged Moneta Securities in June to oversee selling the mine following a strategic review.

        Adex has not released news in the past week. However, its Fire Tower zone bears similarities to Northcliff’s Sisson tungsten-molybdenum project in New Brunswick, which the Canadian government referred to the Major Projects Office on Thursday.

        2. Trident Resources (TSXV:ROCK)

        Weekly gain: 118.82 percent
        Market cap: C$42.58 million
        Share price: C$1.86

        Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.

        A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.

        Its primary focus has been on its flagship Contact Lake gold project, a 21,440 hectare property located near La Ronge, Saskatchewan. The project hosts four primary deposits: Contact Lake, Preview SW, Preview North and North Lake.

        On Wednesday (November 12), the company released assay results from diamond drilling at Contact Lake, the first exploration conducted on the property in nearly 30 years. Highlights from the initial three holes included one hole with 7.03 grams per metric ton (g/t) gold over 43.25 meters, including an intersection of 30.06 g/t gold over 9.25 meters.

        The company noted that, while it was still in the early stages of exploration at the property, it was encouraged by results that bore similarities to early results of other significant high-grade discoveries in the region.

        3. Northcliff Resources (TSX:NCF)

        Weekly gain: 116.22 percent
        Market cap: C$279.18 million
        Share price: C$0.4

        Northcliff Resources is a development and exploration company advancing its Sisson tungsten-molybdenum project in New Brunswick, Canada.

        The 14,140 hectare property has seen extensive exploration dating back to the early 1980s.

        A 2013 mineral reserve estimate demonstrated total proven and probable quantities of 22.2 million metric tons of tungsten oxide and 154.8 million pounds of molybdenum from 334.36 million metric tons of ore with average grades of 0.07 percent tungsten oxide and 0.02 percent molybdenum.

        The project is currently in the development stage, and on Friday, it announced it was granted a five-year extension to the construction commencement timeline by New Brunswick’s Department of Environment and Climate Change. Construction is now anticipated to begin in December 2025.

        The project was also one of six that were included in the second-tranche of Canadian nation-building projects referred to the Major Projects Office on Thursday. The inclusion on the list will give Northcliff access to a streamlined regulatory process and open funding assistance to facilitate the development of Sisson.

        Commenting on the news, Northcliff Chairman, President and CEO Andrew Ing indicated the company is excited with its inclusion and that its goal is to contribute to building a resilient critical mineral supply chain.

        The release also outlined significant financial funding received since the start of the year, including US$15 million from the US Department of Defense and C$8.21 million from Natural Resources Canada.

        4. Canada Nickel (TSXV:CNC)

        Weekly gain: 61.54 percent
        Market cap: C$334.66 million
        Share price: C$1.68

        Canada Nickel is an exploration and development company advancing its flagship Crawford nickel sulphide project in Ontario, Canada.

        The property consists of 116 crown patents and 150 single- and multi-cell mining claims covering an area of approximately 9,600 hectares near Timmins and has seen exploration dating back to the 1960s.

        A feasibility study released in October 2023 demonstrated the project’s economics, with a post-tax net present value of US$2.48 billion and an internal rate of return of 17.1 percent.

        The included ore reserve estimate reported proven and probable reserves of contained metal values of 3.7 million metric tons of nickel, 9.7 million metric tons of chromium, 215,000 metric tons of copper, 777,000 ounces of palladium, and 519,000 ounces of platinum.

        The metal is contained in 1.72 billion metric tons of ore with average grades of 0.22 percent nickel, 0.57 percent chromium, 0.013 percent copper, 0.014 g/t palladium and 0.01 g/t platinum.

        Shares in Canada Nickel rose sharply this week after Crawford was included in the second round of projects referred to the Canadian government’s Major Project Office.

        In its release following the announcement, Canada Nickel’s CEO said that the company looks forward to working with the government and the MPO to secure financing and permits to begin construction at Crawford by the end of 2026.

        He also stated that the project represents a secure, domestic supply of critical minerals, including nickel and North America’s only source of chromium.

        5. Gold Terra Resources (TSXV:YGT)

        Weekly gain: 57.89 percent
        Market cap: C$51.71 million
        Share price: C$0.15

        Gold Terra is an exploration company advancing the Con Mine gold property in the Northwest Territories, Canada.

        The project was initially acquired as part of a 2021 agreement with Newmont that gave Gold Terra the option to earn a 100 percent interest in the asset for meeting certain exploration milestones and regulatory approvals, along with a C$8 million cash payment to Newmont.

        The agreement was then amended in September 2024, extending the timeline by 2 years to November 21, 2027.

        The property consists of 138 mining leases and 165 claims covering a total area of 79,046 hectares and hosts the historic Con Mine, which produced more than 6.1 million ounces of gold.

        A mineral resource estimate included in an October 2022 technical report demonstrated a total inferred resource of 1.21 million ounces of gold from 24.3 million metric tons with an average grade of 1.54 g/t gold.

        Shares in Gold Terra gained this week after the company announced a C$6.3 million non-brokered private placement that included a new strategic investment from Franco-Nevada (TSX:FNV,NYSE:FNV) Co-Founder David Harquail and existing shareholder Eric Sprott.

        The company said it will use proceeds for general corporate purposes and to fund a drilling program scheduled for January 2026 at the southern end of the Campbell Shear target at the Con Mine property. The program aims to expand the property’s indicated and inferred resources.

        FAQs for Canadian mining stocks

        What is the difference between the TSX and TSXV?

        The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

        How many mining companies are listed on the TSX and TSXV?

        As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

        Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

        How much does it cost to list on the TSXV?

        There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

        The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

        These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

        How do you trade on the TSXV?

        Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

        Article by Dean Belder; FAQs by Lauren Kelly.

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

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

        This post appeared first on investingnews.com