Trump & Powell antics; the Power Metallic story just Keeps Getting Better!
Greetings Investors! In case you missed it, President Trump and his Fed Chairman Jerome Powell engaged in what Barron’s, among others, called a comedic performance after touring all those repairs to The Eccles Building late this past week. Not to mention the big news from Power Metallic!
If you missed some of the more humorous interaction between these two (and with Trump groupie Sen. Tim Scott of South Carolina in tow) CHECK THIS OUT.
Of the many things I can say about this interaction and the deeper issue of the U.S. preparing to pay about $1.5 trillion in interest payments this year on the national debt, it’s regrettable that we have seen little of substance from Trump as to doing an “end run” around the Fed and (in his mind) interest rates that are too high.
(NOTE: I explained how and why he can and should do this months ago–indeed, immediately after the election– RIGHT HERE in case you missed it.)
Trump can look into the mirror for at least some of the reasons U.S. interest rates are among the highest in the world in key economies. Not the least of these is the president going along with adding about $20 trillion to the national debt over the next decade via his One Big, Beautiful, MAGA, Baseball, Hot Dogs, Apple Pie and the Flag Bill he recently signed. That he subsequently forced through a relatively meaningless $9 billion in spending cut “claw backs” is, so far, insulting.
That just won’t do the trick to rein in the debt’s growth; and thus, the demands of the markets for HIGHER interest rates, no matter the president’s bluster and complaining.
We’ll have more to say about all that (and the frothy markets generally) post-Wednesday after Fire Marshall Jay and company meet and again hold interest rates where they have been since last fall. (About the only potential surprise will be if one or two dissents emerge from voting members perhaps jockeying to be Powell’s replacement.)
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Next, RIGHT HERE (or by clicking on the above graphic) you can watch a deep dive of this last week into the ever more-compelling story of Power Metallic Mines (TSXV-PNPN; OTCQB-PNPNF).
Already, the company’s Nisk Project in Quebec–which was just increased in size by over 300%–has been revealed as one of the most spectacular new exploration plays anywhere.
Already sporting a high-grade nickel discovery and evolving resource, Power Metallic last year really knocked the cover off the ball with a monster copper/polymetallic discovery to boot (and C.E.O. Terry Lynch’s recounting of that discovery is worth the watch all by itself!)
But it gets even better: Recently, Power Metallic was one of a select precious few companies to be allowed major concessions in Saudi Arabia; a move that substantially enhances the “blue sky” here for investors.
That story as told by Terry is especially interesting: in both how he first met Saudi representatives to the key attributes of getting involved in the world’s newest mining jurisdiction of note.
Indeed, as he said during our discussion, in part, “If you could roll into the Abitibi in the 1940’s with today’s technology and have your shot at staking this ground and just going and exploring it, wouldn’t that be wonderful? That’s what the Kingdom of Saudi Arabia is like today…”
All the best,
Chris Temple
Editor/Publisher
From the desk of Chris Temple — Sunday, July 27, 2025
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