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The diplomat refused to be drawn on specifics but reiterated that the crux of the matter remained Iran’s controversial uranium enrichment program and that the talks would focus on “what kind of compromise would be feasible” on that issue.

But enrichment — which Iran says it needs for peaceful purposes, while also manufacturing large quantities of near-weapons-grade material — is a major sticking point, with the Trump administration vowing that any agreement with Iran would have to entirely prohibit the country from enriching any nuclear material.

For decades, Iran, which denies it intends to build a nuclear weapon, has categorically refused to give up its capabilities — instead plowing billions of dollars into refining the technology and constructing vast enrichment facilities, like the secretive Fordow installation, which is built deep underground inside a mountain.

After launching its first wave of strikes on Iran, Israel pointed to a recent report by the International Atomic Energy Agency, which acknowledged Iran is enriching uranium to a higher level than other countries without nuclear weapons programs, in violation of its nuclear non-proliferation obligations.

“Because Iran is now under immense military pressure, it might run out of options, and their nuclear capability is being degraded,” the diplomat said.

Until Trump’s decision to allow diplomacy another shot, the Geneva talks had looked like a European sideshow, with the US seemingly poised to join with Israel in the destruction of Iranian nuclear facilities.

The meeting, between the EU’s foreign policy chief, alongside the British, French and German foreign ministers and their Iranian counterpart, is now taking on greater significance, setting the stage for next steps and possibly acting as a bridge between Iran and the United States.

But there is an underlying fear in Geneva that the reinvigorated talks here, the first formal meetings with Iranian representatives since the escalation of the Israel-Iran conflict, will still go nowhere.

“It’s impossible to read anything Trump says because there is a daily barrage of statements,” the diplomat added.

This post appeared first on cnn.com

China and Russia positioning themselves as voices of reason, calling for de-escalation of a conflict the United States is contemplating on entering — these are the optics Xi Jinping and Vladimir Putin sought to project during a phone call on Thursday.

As US President Donald Trump weighs joining Israel in attacking Iran, the fast-spiralling conflict between two sworn enemies in the Middle East has presented Beijing and Moscow another opportunity to cast themselves as an alternative to US power.

In their call, Putin and Xi strongly condemned Israel’s actions, calling them a breach of the UN Charter and other norms of international law, according to the Kremlin. (The elephant in the room, of course, is Russia’s own violations of international law in its ongoing war against Ukraine — which Beijing has consistently refused to condemn.)

In Beijing’s readout, Xi struck a more measured tone and stopped short of explicitly condemning Israel — unlike his foreign minister, who did just that in a call with his Iranian counterpart last week.

Instead, the Chinese leader urged the warring parties, “especially Israel,” to cease fire as soon as possible to avoid further escalation and regional spillover.

And notably, in a veiled message to Trump, Xi emphasized that “major powers” that have a special influence on the parties to the conflict should work to “cool the situation, not the opposite.”

Beijing has long accused Washington of being a source of instability and tensions in the Middle East — and some Chinese scholars are now seizing on the Iran crisis to underscore that point.

Liu Zhongmin, a Middle East expert at the Shanghai International Studies University, attributed the latest flareup to the uncertainty created by Trump’s second presidency and the chaotic, opportunistic and transactional nature of his Middle East policy.

“(Trump) has seriously undermined the authority and credibility of US policy in the Middle East, eroded America’s leadership and image among its allies while also weakening its ability to threaten and deter regional adversaries,” Liu wrote in state media this week.

Another Middle East ‘forever war’?

Some Chinese online commentators have noted that Trump appears on the brink of pulling the US deeper into another so-called forever war in the Middle East.

At the outset of his second term, officials close to Trump repeatedly stressed the need for Washington to redirect its focus and resources toward countering China’s ambitions in the Indo-Pacific. Yet five months in, the wars in Ukraine and Gaza continue to rage on — and Trump is now weighing US involvement in the Israel-Iran conflict.

Beijing has no interest in seeing an all-out war against Iran that could topple the regime. Under Supreme Leader Ayatollah Ali Khamenei, Iran has emerged as a formidable power in the Middle East and a vital counterweight to US dominance — just as China is working to expand its own diplomatic and economic footprint in the region.

In 2023, Beijing helped broker a surprise rapprochement between arch-rivals Saudi Arabia and Iran – a deal that signaled its ambition to emerge as a new powerbroker in the region.

China has long backed Iran through sustained oil imports and its seat on the UN Security Council. In recent years, the two countries have deepened their strategic ties, including holding joint naval exercises alongside Russia. Beijing welcomed Tehran into the Shanghai Cooperation Organization and BRICS – groupings led by China and Russia to challenge the US-led world order.

Iran is also a critical node in China’s Belt and Road Initiative (BRI), its global infrastructure and investment drive. The country lies near the strategic Gwadar port — a key BRI outpost in Pakistan that gives China access to the Indian Ocean — and borders the Strait of Hormuz, a vital chokepoint for Chinese oil imports from the Persian Gulf.

Like Russia, China has offered to be a potential mediator in the Israel-Iran conflict, casting its role as a peace broker and an alternative to US leadership.

During his call with Putin, Xi laid out four broad proposals to de-escalate tensions, including resolving the Iran nuclear issue through dialogue and safeguarding civilians, according to the Chinese readout.

Meanwhile, Xi’s Foreign Minister Wang Yi has had a busy week on the phone, speaking with his counterparts in Iran, Israel, Egypt and Oman in a flurry of diplomatic outreach.

Yet it remains unclear what Beijing is willing and able to do when it comes to actually mediating the conflict. In the early stages of Israel’s war on Gaza, China made a similar offer and dispatched a special envoy to the region to promote peace talks — efforts that ultimately yielded little in terms of concrete results.

Brokering peace in the Middle East is a tall order, especially for a country with little experience or expertise in mediating protracted, intractable conflicts – in a deeply divided region where it lacks a meaningful political or security presence.

And in the one conflict where China does hold significant leverage — the war in Ukraine — Xi has offered diplomatic cover and much-needed economic support to help sustain Putin’s war effort, even as China continues to cast itself as a neutral peace broker.

Still, at a time when America’s global leadership is under growing scrutiny, particularly in the eyes of the Global South, presenting itself as a voice of restraint in the Iran conflict may already count as a symbolic win for Beijing.

This post appeared first on cnn.com

A court in Bamako has ordered the temporary transfer of operational control of Barrick Mining’s (TSX:ABX,NYSE:B) Loulo-Gounkoto gold-mining complex to a state-appointed administrator for six months.

The ruling, handed down on Tuesday (June 17) by the Tribunal de Commerce, empowers former health minister and certified accountant Soumana Makadji to run one of Barrick’s most lucrative global assets.

The company has described the move as “unjustified” and “unprecedented.”

According to Judge Issa Aguibou Diallo, the ruling was made under Article 160-1 of the OHADA corporate law framework, which allows a court to appoint a provisional administrator when the regular functioning of a company becomes impossible. The administrator, Makadji, is tasked with reopening the mine site, participating in negotiations with Barrick and reporting to the court on a quarterly basis — though not to the government.

Makadji is seen in Bamako as a technocrat with strong ethical credentials. His appointment is intended to stabilize operations at Loulo-Gounkoto, which Barrick suspended in January 2024 after the Malian government physically removed unsold gold from the mine and froze the company’s ability to export.

Despite the administrative change, Barrick maintains that its subsidiaries remain the legal owners of the mine.

In a statement released on Monday (June 16), the company emphasized that its “ongoing efforts to reach a constructive and sustainable resolution” have been met with escalatory actions by the state.

“While the company has made a number of good-faith concessions in the spirit of partnership, it cannot accept terms that would compromise the legal integrity or long-term viability of the operations,” Barrick said.

Arbitration and legal fallout

Barrick has already launched international arbitration proceedings at the World Bank’s International Center for Settlement of Investment Disputes, as per a May 29 Reuters article.

The company has asked the tribunal to declare that its Malian subsidiaries are protected under longstanding mining conventions, which it argues are not subject to retroactive legislative changes. Mali, however, contends that the convention covering Loulo expired in April 2023, subjecting it to the updated mining code.

The arbitration tribunal has now been formally constituted, and Barrick has filed a request for provisional measures to prevent Mali from further intervening until the dispute is resolved.

A disputed settlement

In February 2024, a tentative settlement appeared close. According to Jeune Afrique, Barrick had agreed in principle to pay 225 billion West African CFA francs (roughly US$396 million) in instalments, recognize the new 2023 mining code and convert Mali’s 20 percent equity stake in Loulo-Gounkoto into “priority shares.”

The government would in turn release the seized gold and free the detained executives.

But the deal collapsed. A Malian negotiator later claimed Barrick had signed the “wrong” agreement and warned the government had “the right to take control of the mines” if the company failed to resume operations.

The ruling junta, led by Colonel Assimi Goïta, has made resource nationalism a hallmark of its post-coup economic strategy. Since coming to power in 2020, the military-led regime has shown a willingness to pressure foreign firms to comply with state priorities, especially in strategic sectors like mining.

The Loulo-Gounkoto dispute is now emblematic of the wider uncertainty surrounding foreign investment in Mali, a country where gold accounts for over 70 percent of export earnings.

Future implications

Loulo-Gounkoto is a cornerstone of Barrick’s global portfolio.

In 2023, the complex produced 723,000 ounces of gold, second only to Barrick’s Carlin mine in Nevada. It boasts remaining reserves of 7.3 million ounces, making it one of the largest high-grade gold systems in the world.

The financial implications of the shutdown are significant. Analysts warned in December that continued disruptions at the site could cut 11 percent from Barrick’s projected 2025 EBITDA.

Morningstar had earlier projected that Loulo-Gounkoto would contribute 250,000 ounces to Barrick’s output this year — an estimate now scrapped from the company’s 2025 guidance.

Further complicating matters, the permit for the Loulo section of the complex is set to expire in February 2025, just weeks after the six month provisional administration period ends. Barrick said it applied for a renewal four months ago, but has received no response from the government. The Gounkoto permit remains valid for another 17 years.

Barrick has said it remains committed to reaching a “mutually acceptable solution” and has appealed the court’s decision. But with no public comment from the Malian government and the provisional administrator now in place, a quick resolution appears unlikely.

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

This post appeared first on investingnews.com

Galan Lithium Limited (ASX:GLN) ( Galan or the Company ) is pleased to announce it has secured a binding commitment for a A$20 million placement ( Placement ) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025 from an existing shareholder, The Clean Elements Fund ( Clean Elements ). Additionally, Clean Elements will receive one unlisted option for every two shares issued under the Placement, with an exercise price of A$0.15 per option and an expiry date that is three years from the date of issue.

The Placement is subject to Clean Elements’ satisfactory completion of due diligence over a period not longer than 77 days. Full completion of the Placement will require shareholder approval which will be sought at a Galan general meeting, expected to be held in early September 2025 .

The Placement provides the final construction funding solution for Phase 1 (at 4ktpa LCE), of the Company’s world class Hombre Muerto West project ( HMW ) in Argentina , which will see production of lithium chloride concentrate in H1 2026.

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

We are extremely pleased to receive further support from Clean Elements. HMW is a world-class lithium project, offering exceptional scale and grade. This commitment from Clean Elements, priced at a significant premium to our last closing share price, reflects the value proposition provided by Galan.

To have executed this funding agreement whilst facing strong macro headwinds for the lithium industry is a huge achievement for Galan and further validates the unique attributes of HMW. With a clear pathway to first concentrate production, this support positions Galan to focus on execution. The next 12 months promise to be a transformational period for Galan and the team remains fully focussed on the creation of significant value for all shareholders.’

Clean Element’s Chairman, Ofer Amir, stated:

‘We are incredibly excited to partner with Galan Lithium on what we believe is one of the most compelling lithium opportunities in Argentina today. After extensive evaluation of the Argentinian lithium landscape, HMW stands out as an exceptional world-class asset with the rare combination of scale, grade, and execution capability that positions it to be a major force in the global lithium market. This investment represents Clean Elements’ confidence in Galan’s transformative potential and our shared vision of powering the clean energy revolution.

Our investment in Galan reflects our disciplined approach to identifying high-quality lithium assets with strong fundamentals and experienced management teams. Galan’s impressive resource base of 9.5 Mt LCE, combined with its low-cost position in the first quartile globally and proven operational track record in the Hombre Muerto Salar, aligns perfectly with our investment criteria. We were particularly impressed by Galan’s strategic partnership with Authium, which enhances project economics through innovative processing technology while securing offtake agreements that de-risk the path to production. We look forward to supporting Galan beyond Phase 1 as they execute their long term production growth plan towards 60 ktpa LCE.’

Details of the Placement

The Company has received binding commitments for a total of 181,818,182 shares at an issue price of A$0.11 per share. 90,909,091 options (exercisable at A$0.15 with a 3 year expiry from issue date) will also be issued.

The Placement is expected to settle in two tranches:

  • Tranche Two – A$10 million , 90,909,091 shares and 45,454,545 options (exercisable at A$0.15 with a 3 year expiry from issue date), subject to shareholder approval and completion of due diligence. Expected settlement on or around 28 November 2025 .

The proceeds of the Placement will be utilised to complete Phase 1 construction activities in H2 2025 required to realise first lithium chloride production in H1 2026. The Company notes that a US$ 6 million prepayment facility will be available to the Company under the terms of the offtake and prepayment agreement with Authium Limited ( Authium ) (see announcement https://shorturl.at/GaU0r) .

In light of the current market conditions, the Company decided to pursue the Placement, which was structured at a 21% premium to Galan’s last closing price. Despite efforts to secure debt funding, the prevailing economic environment has resulted in unfavourable terms and higher costs associated with debt. By opting for equity raising Galan will strengthen its balance sheet and minimise financing risk, whilst carrying no debt, as the Company brings HMW into production.

About Hombre Muerto West

HMW is a multi-decade, lithium brine project in Argentina with compelling economics. Phase 1 provides for a 4ktpa LCE operation, producing a 6% LiCl concentrate product over a projected 40-year life. Finalisation of Phase 1 and commencement of production is the key focus Galan. Beyond Phase 1, the Company will undertake a phased scaling approach, eventually ramping up to 60ktpa at the conclusion of Phase 4. This approach mitigates funding and execution risk and will allow for continuous process improvement.

With a world class resource and a cost profile within the first quartile globally, HMW is a clear demonstration of the benefits of a high-quality lithium brine asset. These benefits are allowing Galan to progress through development and into production with a lower capital intensity and lower risk profile when compared to hard rock lithium (spodumene) projects.

As importantly, lithium chloride is a key component for lithium iron phosphate (LFP) batteries, which have become the dominant battery product globally. With the ability to be cost effectively converted into a lithium dihydrogen phosphate or lithium carbonate, lithium chloride, as will be produced at HMW, is an ideal source for LFP batteries.

Please refer to Mineral Resource Statement for Galan’s Total Resources of 9.5Mt LCE.

The Galan Board has authorised this release.

For further information contact:

COMPANY

MEDIA

Juan Pablo (‘JP’) Vargas

de la Vega

Matt Worner

Managing Director

VECTOR Advisors

jp@galanlithium.com.au

mworner@vectoradvisors.au

+ 61 8 9214 2150

+61 429 522 924

About Galan

Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina , within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina . It is home to the established El Fenix lithium operation, Sal de Vida (both projects are operated by Arcadium Lithium) and Sal de Oro (POSCO) lithium projects. Rio Tinto is now in the process of acquiring Arcadium Lithium plc. Galan also has exploration licences at Greenbushes South in Western Australia , just south of the Tier 1 Greenbushes Lithium Mine.

About Clean Elements

Clean Elements is a private holding company specifically founded to pursue the development of high performing lithium assets in Argentina and globally. Clean Elements has a successful track record in investing in lithium brine assets, notably completing a financing transaction with NOA Lithium in 2024. Clean Elements is partnered with Swiss financial expert firm ISP Securities Ltd., part of the ISP Group, who is a leading Swiss financial service provider specializing in wealth management, asset management, securitisation and trading services. ISP Group has companies in Switzerland ( Zurich and Geneva ), Dubai , Hong Kong , and Israel .

Contact:

Ofer Amir
ofer@thecleanelements.com
+97254492777

View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-a20-million-placement-to-strategic-partner-302486923.html

SOURCE Galan Lithium Limited

News Provided by PR Newswire via QuoteMedia

This post appeared first on investingnews.com

Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.

The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a person familiar with the matter who requested anonymity to speak candidly. The person added that the delays are internal and not because of a supplier or shipping issue.

No date has been determined for the new launch date, the person added.

The person also said the relationship with Kardashian and the brand is still strong and that everyone is on the same page, but they want to make sure they take their time and get the products right.

Nike first announced the Skims partnership in February and said it would include apparel, footwear and accessories. Since then, Heidi O’Neill, one of the key leaders behind the partnership, has left the company.

New Nike CEO Elliott Hill has been betting big on the Skims brand as he looks to re-invigorate the company after recent declines in sales and its business. For Skims, which was last valued at $4 billion, the partnership with Nike brings a growth opportunity as it expands into athleisure.

Nike’s stock is down more than 20% year-to-date.

“The origin of NikeSKIMS is rooted in a desire to bring something new and unexpected to an industry that is craving something different, and to invite a new generation of women into fitness with disruptive product designed to meet their needs in both performance and style,” the company said about the line when they introduced it.

The news was first reported by Bloomberg.

Nike and SKIMS collaboration featuring Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS.Courtesy: Nike Inc.

This post appeared first on NBC NEWS

Hungarian police said on Thursday in a statement that they were banning the Budapest Pride march of the LGBTQ+ community planned for June 28.

Hungary’s parliament, in which Prime Minister Viktor Orban’s right-wing Fidesz Party has a big majority, passed legislation in March that created a legal basis for police to ban LGBTQ marches, citing the protection of children.

Budapest’s liberal mayor Gergely Karacsony tried to circumvent the law when he announced on Monday that since the Budapest Pride march will be a municipal event “no permits from authorities are needed”.

Budapest metropolitan police, however, said the law applied to the event organised by the mayor and banned it.

The police ban has “no relevance” as authorities were not officially notified of the plans for the event, Karacsony said on Facebook.

“The Metropolitan Municipality will host the Budapest Pride Freedom Celebration on June 28, the day of Hungarian freedom, as a municipal event. Period,” the mayor wrote. Tens of thousands of people are expected to attend the protest.

Orban faces a challenging election in 2026 where a new surging opposition party poses a threat to his rule.

His government has a Christian conservative agenda and its intensifying campaign against the LGBTQ community has aimed to please Fidesz’s core voters, mostly in the countryside.

Orban said in February that organisers should not even bother organizing Pride in Budapest this year.

This post appeared first on cnn.com

Thailand’s Prime Minister Paetongtarn Shinawatra is facing increasing pressure to step down, after appearing to criticize the military in a 17-minute leaked phone call she had with Cambodia’s powerful former leader over an escalating border dispute.

The scandal, which sparked widespread anger in the country, brings fresh uncertainty to a country roiled by years of political turbulence and leadership shake-ups. Paetongtarn, 38, has only held the premiership for ten months after replacing another prime minister who was removed from office.

It also comes at a time when the Southeast Asian kingdom is struggling to boost its ailing economy, is negotiating a trade deal with the United States to avoid punishing tariffs, and is embroiled in an escalating border dispute with its neighbor Cambodia that has soured relations to their lowest point in years.

Paetongtarn apologized on Thursday and Thailand’s Ministry of Foreign Affairs summoned the Cambodian ambassador to deliver a letter of protest, calling the leak of the private phone call “a breach of diplomatic etiquette.”

“Thailand views that these actions are unacceptable conduct between states. It contradicts internationally accepted practices and the spirit of good neighborliness” and “undermined the trust and respect between the two leaders and countries,” a ministry spokesperson said in a statement.

In a post on his official Facebook page, Hun Sen said he had shared a recording of the call with about 80 Cambodian officials and suggested one of them may have leaked the audio. The 72-year-old political veteran later posted a recording of the 17-minute call in its entirety.

In the leaked call, which took place on June 15, Paetongtarn could be heard calling former Cambodian strongman Hun Sen “uncle” and appeared to criticize her own army’s actions in after border clashes led to the death of a Cambodian soldier last month.

Paetongtarn, a relative political newcomer from a powerful dynasty who became Thailand’s youngest prime minister last year, appeared to signal there was discord between her government and the country’s powerful military.

In the call, the Thai prime minister can be heard telling Hun Sen that she was under domestic pressure and urged him not to listen to the “opposite side,” in which she referred to an outspoken Thai army commander in Thailand’s northeast.

“Right now, that side wants to look cool, they will say things that are not beneficial to the nation. But what we want is to have peace just like before any clashes happened at the border,” Paetongtarn could be heard saying.

She also added that if Hun Sen “wants anything, he can just tell me, and I will take care of it.”

Her comments in the leaked audio, which was confirmed as authentic by both sides, struck a nerve in Thailand, and opponents accused her of compromising the country’s national interests. The Bhumjaithai party, a major partner of the prime minister’s government, withdrew from the coalition on Wednesday, dealing a major blow to her Pheu Thai party’s ability to hold power.

“Paetongtarn compromised her position as prime minister and damaged Thai national interest by kowtowing to Hun Sen,” said Thitinan Pongsudhirak, a professor of political science at Chulalongkorn University. “Her exit is a matter of time and she could be liable for further charges.”

The handling of the border dispute has also stoked nationalist fervor in both countries. In Thailand, conservative forces have called for Paetongtarn to face charges and resign. In Cambodia, thousands of people joined a government-organized rally last week in solidarity with the government and military over the issue.

Thailand and Cambodia have had a complicated relationship of both cooperation and rivalry in recent decades. The two countries share a 508-mile (817-kilometer) land border – largely mapped by the French while they occupied Cambodia – that has periodically seen military clashes and been the source of political tensions.

Paetongtarn on Wednesday tried to downplay her remarks to Hun Sen, saying at a press conference she was trying to diffuse tensions between the two neighbors and the “private” call “shouldn’t have been made public.”

The prime minister said she was using a “negotiation tactic” and her comments were “not a statement of allegiance.”

“I understand now, this was never about real negotiation. It was political theater,” she said. “Releasing this call… it’s just not the way diplomacy should be done.”

Hun Sen, the veteran leader who ruled Cambodia with an iron-fist for almost 40 years, stepped down in 2023 and handed power to his son Hun Manet.

But he remains a hugely influential figure in Cambodian politics, he currently serves as senate president and is a friend and ally of Paetongtarn’s father, the former Thai Prime Minister Thaksin Shinawatra.

Border dispute

Tensions between the two neighbors worsened last month, when a Cambodian solider was killed during a brief clash between Thai and Cambodian troops in which both sides opened fire in a contested border area of the Emerald Triangle, where Cambodia, Thailand and Laos meet.

Thai and Cambodian forces said they were acting in self-defense and blamed the other for the skirmish.

Although military leaders from Thailand and Cambodia said they wished to de-escalate, both sides have since engaged in saber-rattling and reinforced troops along the border.

Thailand took control of border checkpoints, imposed restrictions on border crossings and threatened to cut electricity and internet to Cambodia’s border towns. Cambodia in return stopped imports of Thai fruit and vegetables and banned Thai movies and TV dramas.

Cambodia also filed a request with the UN’s International Court of Justice to seek a ruling over disputed border areas with Thailand, including the site of the most recent clash.

However, Thailand does not recognize the ICJ’s jurisdiction and claims that some areas along the border were never fully demarcated, including the sites of several ancient temples.

In 2011, Thai and Cambodian troops clashed in a nearby area surrounding the 11th century Preah Vihear temple, a UNESCO World heritage site, displacing thousands of people on both sides and killing at least 20 people.

This post appeared first on cnn.com

When the stock market seems to be drifting sideways without displaying a clear bullish or bearish bias, it’s normal for investors to get anxious. It’s like being at a crossroads, wondering whether to go left, right, or stay put.

The truth is nobody has a crystal ball, and predicting what the market will do next is a fool’s errand. Should you jump in and buy now, or wait for the price to dip lower? Instead of fretting over these questions, what you can do is empower yourself with the right tools to make informed decisions.

For one example, creating ChartLists is a terrific way to keep an eye on the charts that are important to you. 

A logical starting point is to monitor a broad market index such as the S&P 500 ($SPX), which acts as a barometer for the overall health of the market. The chart from this week’s article “Navigate the Stock Market with Confidence” highlighted some important levels to monitor. The area between 5950 and 6050 is key; a break above or below these levels can signal what’s coming next.

Below is the chart of the S&P 500, with the key levels and updated to reflect the data after Wednesday’s close. Note that the index is still within the 5950 to 6050 range. Fed Chairman Jerome Powell’s press conference didn’t do much to move the market, although there was a bit of a selloff towards the close. But that’s nothing to be alarmed about. Active participants would have unloaded their positions ahead of Wednesday’s close due to the Middle East conflict and the market being closed on Thursday to observe Juneteenth.

FIGURE 1. DAILY CHART OF THE S&P 500. Monitor the price action at key support and resistance levels.Chart source: StockCharts.com. For educational purposes.

If the S&P 500 breaks below 5950, it could mean a further decline or a market reversal. On the other hand, if the index breaks above 6050, it could indicate a move towards new highs, or it could reverse after hitting its all-time high. With so many possible outcomes, navigating the stock market can feel like a puzzle.

This is where confirmation tools become your best friends. When the overall market is wavering, these tools provide that extra bit of confidence you need.

Take the McClellan Summation Index as an example. If you’re a regular reader of our weekly ChartWatchers newsletter (and if not, you should definitely check it out — it’s packed with insights), you might recognize the chart below from last week’s issue.

FIGURE 2. NYSE MCCLELLAN SUMMATION INDEX VS. THE NYSE COMPOSITE INDEX. Note the divergence between the two and the various levels (red horizontal lines). Chart source: StockCharts.com. For educational purposes.

This chart displays the NYSE McClellan Summation Index ($NYSI) overlaid on an area chart of the NYSE Composite Index ($NYA). The McClellan Summation Index tends to generate fewer signals, making it helpful for looking at medium and long-term trends. It helps to cut through the noise of an indecisive market and gives you a clearer picture.

Notice how, after its April low, the $NYSI climbed from -590 to 688 relatively quickly in sync with the NYSE. But here’s where it gets interesting: after hitting 688, there is a divergence. While the NYSE continued to move higher, the $NYSI started trending lower, making lower highs. This could be an early warning sign that the market’s upward momentum may be waning.

The McClellan Summation Index gives us some clear levels to monitor.

  • Bearish scenario. If the S&P 500 falls below the 5950 level, followed by the $NYSI dropping below its last low of 525, then it’s likely equities could see further declines.
  • Bullish scenario. If the S&P 500 breaks above the 6050 level, followed by the $NYSI moving higher than 642 and then the 688.50 level, it would be a positive sign for equities.

The Bottom Line

So if you’re wondering when might be a good time to “buy the dip” but are unsure about when that dip might occur, these types of charting tools can help guide your investment decisions. If your indicators line up and confirm an upward move, consider investing a portion of your capital and then adding more if the market continues to move in your favor. A big part of how well you manage your finances has to do with money management.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.


The Fed should absolutely stop talking about being “data dependent”. That’s so far from the truth. If they were data dependent, we’d have either seen a rate cut today or Fed Chief Powell would have been discussing one for the next meeting. Inflation reports since the last Fed meeting have been benign. Economic reports, on the other hand, have shown weakness and are pointing to the need for lower interest rates.

Powell was having none of it. During Wednesday’s press conference, one reporter asked the Fed Chief why the Fed was able to lower rates in December, despite knowing that tariffs and their potential impacts were on the way. I thought it was a great question, because Powell was using future tariff impacts on inflation as the primary reason for holding rates steady today. It was a perfect illustration of The Waffler at his best. When another reporter asked Powell about his frequent comments that the Fed is data dependent and that all current data points to the need for an interest rate cut, The Waffler noted the Fed needs to “look ahead”. So which is it? Is interest rate policy being guided by current data or by looking ahead?

This is a repeat of 2021 and 2022. Remember all the inflation news and how The Waffler said inflation was transitory. I guess he was looking ahead when he made those comments. He and his band of wafflers looked ahead and got it wrong. Then, inflation data poured in higher than expected for months and he finally started his data dependency talk.

The Fed has been late to every single party for 7 years now and running. They’re running late again. Eventually, Mr. Waffler will get it right and our major indices will all move to all-time highs. For now, though, the reason for any period of consolidation or, worse yet, selling can be laid at the doorstep of none other than The Waffler.

Personally, I’m exhausted by the constant “listen to what I say until I change it” approach to interest rate policy. Yes, we’ve had a 100-year pandemic and a resulting inflation problem that’s been worse than any since the 1970s. We’ve had two trade wars. I get it. But I firmly believe that the extreme volatility and the four (FOUR!!!!!!!) cyclical bear markets that we’ve endured since The Waffler became the Fed Chief is, in large part, his fault. He was sworn in on February 5th, 2018 and the stock market has been a roller coaster ever since:

Name the last time that the U.S. has seen 4 different cyclical bear markets, all starting from all-time highs, within a 7-year period. Start the Jeopardy music.

His mismanagement of interest rates didn’t start with the pandemic. I wrote an article in December 2018, during his first year, saying that his call for two rate hikes in 2019 would never happen. The next interest rate move? A cut several months later in 2019. Here’s the article I wrote back then as we bottomed in December 2018:

“How The Grinch Stole Christmas” Featuring Jerome Powell

No one has been wrong more than The Waffler.

Now maybe you’re sitting back and saying, “Tom, what’s the big deal? The tariffs are a threat. Why not just wait it out and be sure there are no lingering inflationary pressures?” Well, if you don’t mind the potential of a 5th cyclical bear market before we finally boot this guy to the curb, then I say GO FOR IT. Why try to hasten an economic meltdown when it’s unnecessary? Who believes anything The Waffler says? He said we were going to get two rate hikes in 2019. We got an interest rate cut instead. He said inflation was transitory in 2021. Then the Fed had to start raising rates at an absurd rate, because inflation skyrocketed and he waited way too long to turn hawkish. The stock market bottomed in June 2022 and was returning back towards all-time highs just prior to his infamous “more pain ahead” speech from Jackson Hole, WY on August 26th, 2022. Subsequent to that speech, the stock market fell precipitously for two months before once again finding a new bottom. That entire selling episode was caused solely by his irresponsible remarks.

And now where are we? Holding rates steady while the European Central Bank (ECB) has cut rates for 8 straight meetings. The Waffler will eventually get it right. Unfortunately, a lot of innocent investors and traders will continue to pay the price – until someone finally shows him the exit.

His term expiration cannot get here soon enough for me. GOOD RIDDANCE MR. WAFFLER!

Market Manipulation

I’ve written often about what I call the “legalized thievery” of market makers. The extreme volatility over the past several years has triggered market manipulation like we’ve never seen before. The good news is that once you understand how it works, trading the stock market gets a whole lot easier. At EarningsBeats.com we’ve timed exits out of the stock market almost perfectly, prior to the onset of cyclical bear markets. Missing out on 20%+ declines and then jumping back in at or near major bottoms increases stock market returns dramatically.

It’s time that everyone understands how the stock market works. On Saturday, June 28th, at 10:00am ET, we will be hosting a FREE webinar, “Trading the Truth: How Market Manipulation Creates Opportunity”. This event promises to be a real eye-opener, unless you’re already an EarningsBeats.com member (in which case you’ve already become a seasoned veteran regarding manipulation). Do you want to see big stock market declines before they happen? I will teach you how.

Seating is limited and this event will be packed, I can guarantee you that. PLEASE be sure to register NOW and save your spot. Again, there is NO COST. Registration is easy. Simply CLICK HERE to register and for more information.

(By the way, if you’re not available to attend LIVE on Saturday, June 28th, you should still register. All those who register will receive a copy of the recording after the event and it will be time stamped.)

Happy trading!

Tom


(TheNewswire)

TORONTO, ON TheNewswire – June 19, 2025 Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent (‘ LOI ‘) with Kuya Silver Corp. (CSE: KUYA; OTCQB: KUYAF; FSE: 6MR1) (‘ Kuya ‘ or ‘ Kuya Silver ‘) to acquire a 4.5% royalty on silver produced from Kuya’s Bethania Silver Mine in Huancavelica, Central Peru.

The Bethania Silver Mine, which resumed production in May 2024, includes the Bethania Mine and Carmelitas property and is accessible year-round via a 4-hour drive from Huancayo. The Bethania Silver Mine was previously operational until 2016.

Under the terms of the LOI, Silver Crown will acquire the royalty for US$3,000,000 in cash and US$2,000,000 in Silver Crown units at C$6.50 per unit (the ‘ Units ‘) or the 5-day volume-weighted average price (VWAP) of SCRi’s common shares (the ‘ Common Shares ‘) prior to closing. Each Unit will consist of one Common Share and one-half of a warrant, with each whole warrant exercisable at C$13.00 per Common Share for a period of three years.

SCRi will receive: (i) 4,500 ounces of silver per quarter for the first four (4) quarters, (ii) 9,000 ounces per quarter for quarters five (5) through eight (8), and (iii) 12,375 ounces per quarter for quarters nine (9) through 40. After delivering 475,000 ounces, the royalty will reduce to 1% for the mine’s remaining life.

Peter Bures, Silver Crown’s Chairman and Chief Executive Officer, commented, ‘We are excited to initiate a partnership with Kuya Silver that can potentially translate to a materially impactful increase to SCRi’s silver revenue profile paving a way from 78,000 to over 128,000 annual silver ounces.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to: the anticipated execution of a definitive agreement with Kuya Silver; expected silver deliveries under the proposed royalty; the potential for exploration bonuses; projected increases in SCRi’s silver revenue profile; the successful completion of due diligence and regulatory approvals; the ability to finance the cash portion of the transaction; the future operational performance of the Bethania Silver Mine; and the realization of strategic and financial benefits from the proposed royalty acquisition.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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