Greetings Investors! RIGHT HERE (or just click on the below graphic) you'll be able to listen to our post-Fed discussion from late last week; an especially noteworthy one, as Fed Chair Powell addressed competing forces unlike anything the central bank has dealt with in many years. Get ready for Amex Exploration has a well deserved surge!
The major takeaway: The Fed's 2% target for inflation will remain unattainable.
That has myriad implications, which Mike and I discuss in some detail.
Make no mistake: Powell has no intention of moving as fast to ease policy--and make inflation even worse--as does his chief foil President Trump. Indeed, Powell is still playing his cards close to his vest a little; and we may still get but one more (or no?) further cuts to short-term rates over the balance of the year, especially if jobs and inflation numbers ahead dictate.
But inevitably, Trump will get his way, even if it's not fully until Powell's successor is unveiled early next year.
Meanwhile, the bubbly markets giddy over what they think will be the resumption of a full-fledged rate-cutting cycle--not to mention all the goosing of markets and the economy the president is attempting to foster--again are very much of a mind that "this time is different."
Maybe it is; though Mike and I discuss some history (and MATH) on this as well as a few "bad actors" that may still upset the apple cart.
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Without question, this dollar debauching agenda on the parts of both Powell and Trump is one of the chief factors that has led to gold's scorching move of recent months.
And bit by bit this move has started carrying previously-forgotten -- but great -- stories along for the ride at last, as both institutions and generalist investors can no longer ignore this bull market.
So, next up today is THIS POWERFUL UPDATE on one of the many of our companies making big 2025 moves: here, it's Amex Exploration (TSXV-AMX; OTCQX-AMXEF).
It was but a year ago that AMX shares were beaten down to a fraction of their current (and still CHEAP, I.M.O.!) level following the initial Mineral Resource Estimate (M.R.E.) coming out as less than many had hoped/expected.
But President & C.E.O. Victor Cantore explained to us then--and numerous times since--that he was building the case for an initial, higher grade and economically robust mining operation.
Fast forward to today; and specifically, the latest Preliminary Economic Assessment on Perron Victor and I unpackage in this discussion.
It's impossible to read/watch all this and not come away with "Wow!"
And that's especially when you consider the ongoing exploration upside to one of the best projects in all of North America.
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REMINDER: We're now only a bit over a week out from the upcoming Better In Our Back Yard Mining & Energy Expo, to be held starting next Wednesday, October 1, in Bloomington, Minnesota.
In my above-linked discussion with Mike Fox, we discuss this a bit (Mike will be among many joining us there, along with Trump Administration officials, state and federal legislators, regulators, mining companies and many more.)
Especially with the challenges looming for the Fed, the federal budget, the economy and the rest as we dangle at the peak of a crazy credit cycle that could still finally respond to both the laws of mathematics and gravity, it's that much more important to get economics and policy RIGHT when it comes to America getting its act together on the many subjects, policies, and more we'll be covering.
It's an economic and national security imperative; and we hope you'll join us next week!
All the best,
Chris Temple
Editor/Publisher
From the desk of Chris Temple -- Monday morning, Sept. 22, 2025
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