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From political pariah to the presidency.

Four years after Americans booted then-President Trump from the White House and he left Washington in political disgrace two months later, after trying to overturn his election loss, they are sending him back to 1600 Pennsylvania Avenue. 

‘It’s a political victory that our country has never seen before,’ Trump said in his celebration speech early Wednesday morning, as he pointed to his convincing electoral and popular vote victory over Vice President Kamala Harris.

And his running mate, Sen. JD Vance of Ohio, called Trump’s victory ‘the greatest political comeback in American history.’

Trump, in his victory address, touted that his political movement was one that ‘nobody’s ever seen before… this was the greatest political movement of all time.’

For an undisciplined candidate known for his hyperbole, Tuesday’s election results appeared to prove Trump right.

‘This is a historic political realignment,’ seasoned Republican strategist Ryan Williams said. 

Williams argued that Trump ‘basically threw out the coalition that Republicans had put together for the last several decades and reached out and doubled down on voting blocks that he thought he could make a connection with.’

‘He just expanded the party in a way that no other nominee has been able to do before. And I think that’s why the polling missed this, because he so radically changed the composition of the electorate,’ Williams highlighted.

For Trump, the 2024 campaign was a grueling two-year marathon. He announced his candidacy at his south Florida Mar-a-Lago club days after the 2022 midterm elections.

And he launched his campaign amid criticism from many in his party that he was partially responsible for the GOP’s lackluster performance in the midterm elections.

But after a slow start, the former president eventually easily dispatched a field of GOP primary opponents – which last year briefly expanded to over a dozen contenders – as he ran the table earlier this year in the Republican presidential primaries.

Trump, who was indicted in four different criminal cases, saw his support surge and his fundraising soar in the late spring of this year, after he made history as the first former or current president convicted of felonies.

A month later, President Biden suffered a major setback after a disastrous late June debate performance against Trump reignited longstanding questions over whether the 81-year-old president was physically and mentally up for another four grueling years in the White House – and sparked calls from within his own party for him to step down.

Trump’s polling advantage over Biden widened, and the former president was further politically boosted after surviving an assassination attempt on his life at a rally in Butler, Pennsylvania, two days before the start of the Republican National Convention in July.

But the race was instantly turned upside down days later, as Biden ended his re-election bid and endorsed his vice president. Democrats quickly coalesced around Harris, and her fundraising surged as her poll numbers soared.

The Harris honeymoon continued through the late August Democratic National Convention, and into September, when most pundits declared her the winner of the one and only presidential debate between her and Trump. 

But as the calendar moved from September into October, Trump appeared to regain his footing, and public opinion surveys indicated the former president gaining momentum.

Longtime GOP strategist David Kochel noted that we’re ‘still in a country where you have a 70% wrong track. The voters wanted to change who was in the White House.’

Kochel, a veteran of numerous Republican presidential campaigns, noted that while Harris ‘breathed some life into the campaign, some enthusiasm, the fundamentals didn’t change. People are unhappy with the economy. They think the country’s going in the wrong direction. And they wanted to make a change. And it turns out Trump won the change argument.’

‘And he also ran a very effective swing state campaign with effective advertising that hurt her,’ Kochel added.

Williams also applauded the Trump campaign, saying that they ‘had a strategy and stuck with it. They just basically said we’re going with men… they doubled down on men.. they had a consistent strategy for it, and it worked.’

And Williams argued that Harris ‘basically took the Hillary Clinton playbook from 2016, xeroxed it, and made it worse.’

And both strategists highlighted that Trump was able to overcome his many misstatements and controversial comments.

‘We pay so much attention to the crazy things Trump says. All that stuff that people find inappropriate. That stuff doesn’t matter,’ Kochel argued. ‘He had a better strategy and an environment that played to his favor.’

And Williams spotlighted that Trump ‘has a way of understanding the electorate and connecting with people in a way that no other politician does. He just speaks off the cuff in his own way, and despite the fact that he tells a lot of mistruths, he’s viewed as being genuine because he’s not a polished politician.’


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The oil market faced volatility throughout the third quarter as increased supply and weak demand forced Brent and West Texas Intermediate (WTI) crude prices to contract over the three month session.

On the demand side, major economy China is facing lower manufacturing activity and a prolonged real estate downturn. At the same time, non-OPEC+ countries, including the US and Brazil, are expected to increase output.

Starting the quarter in the mid-US$80 per barrel range, both Brent and WTI experienced Q3 price highs early in the session, with Brent values rising to US$87.39 and prices for WTI hitting US$83.93.

For the rest of the quarter, downward pressure pushed prices into the US$70 range for Brent and US$60 for WTI.

By the end of September, Brent had shed 14.85 percent and WTI was down 16.14 percent.

On the natural gas side, robust supply kept price growth muted. However, gas used primarily to heat homes ended the quarter at US$2.92 per metric million British thermal units, up 18.22 percent from its July start position of US$2.47.

Some of the constricted price growth was the result of Europe implementing successful natural gas storage strategies to reduce winter supply concerns, while the US benefited from high inventory levels and lower cooling demands.

Even though the natural gas market fared slightly better in Q3, a quarterly energy survey from the Dallas Federal Reserve Bank identifies global uncertainty as the prevailing trend impacting both the oil and natural industries.

‘Overall the key point from the survey is that oil and gas activity edged lower in the third quarter as outlooks dim and uncertainty grows,’ Kunal Patel, senior business economist at the Dallas Fed, said during a webcast.

Oil market shaken as investors lose faith

Uncertainty took many shapes in the third quarter, for the oil segment it materialized as shifting sentiment.

“In early September, for the first time on record, the net position of hedge funds on the ICE exchange turned short from long. Oil demand from China is decelerating, but OPEC+ remains committed to hiking its output from December onward; the cartel’s unity is teetering, with Angola having left in January, the UAE fighting for a higher oil quota, and other members exceeding their allowed production levels,” he said.

Tense geopolitical dynamics as the Ukraine war continues and relations deteriorate in the Middle East paired with the looming US election further fueled uncertainty, factors that usually add tailwinds to the oil market.

However, surplus supply concerns outweighed any support during the third quarter. Prices dipped to a year-to-date low on September 10, touching US$69.21 (Brent), and US$65.69 (WTI).

All eyes on America for oil outlook

For Phoenix Capital CEO Adam Ferrari the weak oil prices may be indicative of larger trouble.

suppressed Q3 price movement coincided with a decline in the US’ red hot mergers and acquisitions segment, which registered its first quarterly decline after six consecutive periods of growth.

Between July and the end of September the US energy sector saw US$12 billion in M&A deals, a quarter-over-quarter drop from Q2’s US$54 billion, but still historically high.

“2024 was a big year for mergers and acquisitions—consolidation across the sector is at an all-time high. Prices softened in Q3, and we saw the US rig count dip. Producers here are moving cautiously, likely waiting to see what happens with the election,” Ferrari said.

Regardless of the short term turbulence, Ferrari and the Phoenix Capital team are optimistic about the market’s long term fundamentals.

“We’re still bullish on crude oil for the next two to five years,” he said. “ Global demand continues to surprise on the upside, even as many developed nations try to reduce their reliance on oil. The reality is, oil isn’t easily replaced, so worldwide demand keeps rising.”

Aside from the US economic outlook, Ferrari pointed to geopolitical strife as an ever present current in the market.

“Geopolitics are always part of the equation for oil,” he said. “The Middle East is crucial for global supply, and any political instability or potential military conflict there tends to push prices up. It’s about risk—there’s always a premium on oil because of that underlying geopolitical uncertainty.”

US natural gas prices inch higher in Q3

US natural gas prices held in the US$2.15 to US$2.92 range through most of Q3, despite slipping to a quarterly low of US$1.89 at the end of July.

“As is generally the case, US natural gas prices were largely influenced by domestic developments,” said FocusEconomics’ Cunningham, noting that Q3 values fell by US$0.10 on average quarter-on-quarter.

“Prices sank in July due to a combination of extremely high inventories and the closure of Freeport, a major LNG export terminal; however, since then, they have trended upward, aided by a hot summer, decelerating production amid a record-low gas rig count and the reopening of the Freeport LNG terminal,” he added.

These trends were further evidenced in the Dallas Fed’s survey, which notes, “the natural gas production index declined from 2.3 to -13.3, suggesting natural gas production decreased in the quarter.”

A Q3 reduction in natural gas output isn’t likely to push prices higher in the near term, according to Ferrari.

“In Q3, the story was all about supply. The US is sitting on an abundance of natural gas, and that’s keeping a lid on prices,” he said. ‘That said, the ongoing shift toward natural gas for power generation is a long-term positive. US producers have also been able to lock in higher prices through the futures market, allowing them to keep drilling.”

Global tensions keep natural gas prices on edge

Natural gas is also prone to geopolitical volatility, although less from the Middle East and more from in Ukraine.

“The impact on the US natural gas market from geopolitics is largely due to spillovers from the Asian and European natural gas markets; to fuel natural gas demand, these two regions rely heavily on LNG imports, including from the US. In particular focus is the war in Ukraine; Kyiv has refused to extend a gas-supply agreement with Russia — which remains a major supplier to Europe — beyond the end of this year,’ Cunningham explained.

Tensions will likely carry through as European countries are diversifying sources away from Russian gas after the country’s the invasion of Ukraine, leading to heightened reliance on LNG imports from the US and other allies.

Supply concerns have also been exacerbated by recent Middle Eastern conflicts, which are threatening key supply routes and adding price volatility. Additionally, export restrictions from countries like Norway have raised European energy security fears as winter demand nears.

What’s ahead for oil and gas in Q4?

When asked what oil market trends investors should watch through Q4 and into 2025, Cunningham pointed to the ongoing conflict.

“At the moment, the eye of most oil analysts is locked on the Iran-Israel conflict, with crude prices surging the most in over a year in the week to 4 October,” he said. “That said, traders will also be looking out for future OPEC+ meetings, along with economic data from China and monetary policy decisions by the U.S. Fed.”

On the gas side, the US reaction to the election is top of mind.

“In Q4 in the U.S., aside from the election, the weather will remain a key factor to watch; last winter was warm, supporting inventories and setting the stage for the relatively bearish market seen so far in 2024,” said Cunningham. “ A normal 2024/25 winter would help whittle down stocks to more typical levels, supporting a recovery in prices. In 2025, weather will remain key to track, along with geopolitics, U.S. economic growth and demand from Asia and Europe.”

The US election is also a main focus for Ferrari.

Q4 is all about the US presidential election. If Democrats take control of the House, Senate, and presidency, we could see U.S. oil supplies tighten, which would drive prices up. Beyond Q4, I’m focused on demand growth. People have been predicting a decline in oil demand for what feels like a decade, but aside from the COVID downturn, it just hasn’t happened. I don’t expect demand to soften for at least another 5 to 10 years,” he said.

When it comes to gas, he is taking a more long term view.

“I’m watching the long-term trend of shifting to more natural gas for power generation. If you look at grids that rely heavily on renewables, like California’s, power prices are significantly higher compared to states like Florida that use more natural gas. California’s power prices are double Florida’s, largely due to their renewable energy reliance,” said Ferrari.

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

This post appeared first on investingnews.com

Bitcoin-focused exchange-traded funds (ETFs) in the US saw significant outflows on Monday (November 4) as cryptocurrency market participants prepared for election-related uncertainty.

In total, a group of 12 American Bitcoin ETFs tracked by Bloomberg saw outflows of US$579.5 million that day. According to the news outlet, that’s the highest daily net outflow number seen to date.

Bitcoin-mining stocks also saw losses last week, indicating broader market stress within the sector.

MARA Holdings (NASDAQ:MARA), the largest Bitcoin-mining firm by market cap, fell around 9 percent last week, while Core Scientific (NASDAQ:CORZ) sank about 5.5 percent. Meanwhile, Riot Platforms (NASDAQ:RIOT), was down just under 5.8 percent during the period, and CleanSpark (NASDAQ:CLSK) dropped more than 10 percent.

Shares of Coinbase Global (NASDAQ:COIN), a company that runs a cryptocurrency exchange platform, dropped 14.28 percent last week, while MicroStrategy (NASDAQ:MSTR), a Bitcoin development company co-founded by entrepreneur and Bitcoin advocate Michael Saylor, saw a decrease of around 6 percent during the same timeframe.

These declines came even as the price of Bitcoin rose. The popular cryptocurrency was up about 1.5 percent last week, and jumped higher early in the trading day on Tuesday (November 5), breaching the US$70,000 level.

The disparity between Bitcoin’s performance and Bitcoin-related companies suggests that while the cryptocurrency has managed to maintain some stability, companies are reacting more sharply to market turmoil.

How will the US election affect crypto?

The current political climate in the US has created a complex landscape for digital asset traders.

As the race between Republican Donald Trump and Democrat Kamala Harris remains competitive, market participants are adjusting their strategies in anticipation of potential shifts in regulatory frameworks.

Trump’s campaign has been characterized by a supportive stance toward cryptocurrencies, while Harris has expressed her intention to create a more structured regulatory environment for digital assets.

But while the election may create short-term volatility, experts believe it will take time for its full impact to emerge.

“The biggest changes for mid-longer term crypto policy and direction won’t be seen until after the week has passed and seats around the president are filled or maintained,” Paul Howard, senior director at Wincent, told Bloomberg.

As voters head to the polls, analysts continue to monitor the potential impact of the election on regulatory approaches to cryptocurrencies, as well as the broader economic implications of the election outcome.

Click here for more on what a Trump or Harris victory could mean for the crypto industry.

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

This post appeared first on investingnews.com

With the Senate flipping to the GOP column, it’s unclear how many Republicans they’ll have. But they could have well over 50 votes. But they won’t have 60 yeas to crack a filibuster. 

That could mean a pressure campaign to eliminate the filibuster. 

Here’s the other dynamic: Democrats are holding the seats they need to potentially win the House. 

Democrats have already flipped one key NY seat in their favor. 

With a GOP Senate and the possibility of a Democratic House, we would be on the precipice of history. 



There has NEVER been a double flip in U.S. history where one body flips in one direction and the other flips in the other. 

With a Republican Senate, there will be a race now for Majority Leader between Thune, Cornyn, and Rick Scott. That leadership vote is scheduled for next Wednesday. 



And it’s possible that Trump could influence who he wants to lead the GOP in the Senate. 

Also, if Democrats are able to flip the House, the roots of this can be traced back to swapping out Biden for Harris.


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The Fox News Decision Desk projects former President Trump has defeated Vice President Kamala Harris in a stunning victory, delivering him a second term in the White House after a historic election cycle filled with unprecedented twists and turns and two attempts on his life. 

Trump defeated Vice President Harris, who entered this race just over 100 days ago.

Trump will be the first president to serve two nonconsecutive terms since Grover Cleveland in 1892 — and only the second in history. 

Trump was first elected president in 2016, defeating former Secretary of State Hillary Clinton and vowing to ‘Make America Great Again.’ He lost re-election to President Biden in 2020 during the global coronavirus pandemic but re-claimed the White House in 2024 after a nearly two-year campaign, vowing to ‘Make America Great Once Again.’ 

The President-elect was pushed over the 270 electoral vote threshold after a stunning win in the battleground states of North Carolina, Wisconsin, Pennsylvania and Georgia.

Trump’s comeback win was official after Fox News called Wisconsin in his favor, a state he narrowly lost in 2020.  

Pennsylvania was one of the most important states Trump to won, with Vice President Kamala Harris’ campaign having identified it as one of three Rust Belt states on its ‘clearest path to 270 electoral votes.’

The once and future president also took Georgia, no doubt a sweet victory for him after a bitter, narrow loss there in 2020.

Trump formally announced his presidential campaign on Nov. 15, 2022 – just days after the midterm elections. 

Trump campaigned for a second term on the record of his first and focused on the failures of the Biden-Harris administration. The former president was able to point to the reversal of some of his key policies as reasons why inflation rose and the U.S. border crisis worsened.

Trump faced a crowded GOP primary field, but emerged as the frontrunner yet again, easily defeating his opponents – all of whom eventually endorsed him to be the 47th President of the United States – and winning each primary contest.

Until July, Trump was running against Biden, who was seeking re-election for a second term. 

But the two debated for the first time in June, and weeks later, after a disastrous debate performance, Biden was pressured by Democrat insiders to suspend his presidential bid.  

Biden made the announcement in a social media post and endorsed Harris to be the Democratic presidential nominee in his place, moving his vice president to the top of the ticket. 

The decision for Biden to drop out of the race came just days after the Republican National Convention (RNC) finished, and after Trump and his running mate, Sen. JD Vance, R-Ohio, formally accepted the GOP nomination. 

But Trump, just days before accepting the Republican nomination, survived an assassination attempt at a rally on July 13 in Butler, Pennsylvania. During the event, Trump was showing off a chart highlighting how illegal immigration skyrocketed under the Biden-Harris administration. As he turned toward the chart, he was hit by a bullet that pierced the upper part of his right ear by the now-deceased would-be-assassin, Thomas Matthew Crooks. Trump credits the chart for saving his life. 

But weeks later, in September, another would-be-assassin hid himself in the bushes at Trump International Golf Course in West Palm Beach, Florida. The gunman, Ryan Wesley Routh, had an AK-47-style rifle pointing through the fence toward Trump as he was golfing. Trump was rushed off the golf course by U.S. Secret Service agents unharmed.

Just a day later, Trump told Fox News Digital in an exclusive interview that the ‘rhetoric’ of Biden, Harris and the Democrats was to blame. 

‘He believed the rhetoric of Biden and Harris, and he acted on it,’ Trump said of the gunman. ‘Their rhetoric is causing me to be shot at, when I am the one who is going to save the country, and they are the ones that are destroying the country – both from the inside and out.’ 

The general election showcased two very different visions for the future of the United States of America. 

The Trump campaign touted pro-growth, America first economic policies, securing the border, ending inflation, and restoring ‘peace through strength’ as part of the president’s plan.

The Trump campaign’s closing message was: ‘Harris broke it. Trump will fix it.’ 

In the final weeks of the campaign, Trump traveled to Pennsylvania to work at a McDonald’s drive-thru window as a fry cook in a jab at Harris, who previously claimed that she worked at the fast-food chain.

Meanwhile, Harris campaigned that Trump was a threat to democracy and warned supporters that he would sign a national abortion ban – something Trump repeatedly denied.

As for the rhetoric, it never quite fizzled. Trump held a massive, sold-out campaign rally just a week before Election Day at Madison Square Garden in traditionally blue New York City. Democrats, including Harris, later likened Trump to ‘Hitler.’ 

And less than a week before Election Day, Biden described Trump supporters as ‘garbage.’

Trump landed key endorsements from top Republicans during his bid for the White House but also created unlikely allies, like former Democrat Robert F. Kennedy Jr. and former Democrat Rep. Tulsi Gabbard. 

Trump also drew support from top business leaders like Tesla and SpaceX CEO Elon Musk and Cantor Fitzgerald CEO Howard Lutnick. Lutnick told Fox News Digital that many Wall Street leaders had privately committed their support to Trump. 

Trump’s victory comes after years of what his campaign called a ‘weaponization’ of the Justice Department. 

Trump’s post-presidential life and third campaign was reminiscent of his days in the Oval Office, marred by investigations, which the former president and his allies said were just part of an effort by his political opponents to prevent him from running for re-election in 2024. 

Trump, who was the first president in U.S. history to be impeached and acquitted twice, was also the first president to be indicted, not just once, but four times over. 

Just days after announcing his re-election bid in November 2022, Biden Attorney General Merrick Garland tapped former DOJ official Jack Smith as special counsel. The appointment came several months after the FBI conducted an unprecedented raid on Trump’s Mar-a-Lago home in Florida, claiming he improperly retained classified records from his presidency. Trump pleaded not guilty to the charges stemming from that probe. 

The case was eventually tossed completely by a federal judge in Florida, who ruled that Smith was improperly and unlawfully appointed as special counsel. 

Smith also took over an investigation into alleged 2020 election interference. Trump also pleaded not guilty, but his attorneys took the fight to the U.S. Supreme Court to argue on the basis of presidential immunity. 

The high court ruled that Trump was immune from prosecution for official presidential acts, forcing Smith to file a new indictment. Trump pleaded not guilty to those new charges as well. Trump attorneys are now seeking to have the election interference charges dropped in Washington, D.C., similarly alleging that Smith was appointed unlawfully. 

But that case wasn’t the first Trump-related Supreme Court ruling this election cycle. Colorado, attempting to use the U.S. Constitution’s 14th Amendment, sought to remove Trump from the 2024 primary ballot, but the Supreme Court sided unanimously with the former president, impacting efforts in several other states to do the same. 

In 2023, Trump was charged by Manhattan District Attorney Alvin Bragg with allegedly falsifying business records. Trump pleaded not guilty to all charges but sat through an unprecedented six-week criminal trial in New York City this spring. The jury found him guilty. 

Trump appealed the ruling, and the judge presiding over the case set his sentencing date for after the election. 

Trump also sat inside a courtroom in the fall of 2023 for a civil fraud trial stemming from a lawsuit brought against him by New York Attorney General Letitia James. Judge Arthur Engoron demanded Trump pay more than $450 million. 

But a New York appeals court appeared open-minded and receptive in September to reversing or reducing that judgment. 

Trump has also appealed a ruling to pay E. Jean Carroll more than $80 million in a defamation suit. As president, Trump said Carroll was lying about allegations of sexual assault. This year, a New York jury ruled that he defamed Carroll’s character in denying the allegations and defending himself. 

And in Fulton County, Georgia, District Attorney Fani Willis charged Trump in her election interference case. He pleaded not guilty but was booked and had his mugshot taken – a photo his campaign used throughout the election cycle to illustrate the ‘lawfare’ used against him. 

A Georgia judge tossed a number of charges against Trump, and the case is on hold.

The future of the cases and charges hang in limbo, as the president-elect will have the power to pardon himself once sworn in.

But Trump, through all of the unprecedented legal challenges, took every opportunity to campaign. After hours in court this spring, Trump delivered pizzas to the New York City Fire Department. 

Trump told his supporters he thought the prosecutions would have ‘the reverse effect’ on his presidential bid – and he was apparently right.  


This post appeared first on FOX NEWS

Vice President Kamala Harris will not speak to supporters tonight from her alma mater in Washington, D.C., as previously planned.

Harris campaign co-chair Cedric Richmond briefly addressed those gathered at Howard University in the early morning hours Wednesday, informing them Harris would address voters at the university on Wednesday. It was not made clear when exactly that would occur.

Despite the bleak outlook for Democrats at that moment of the night, Richmond told those gathered at Howard there were ‘still votes to be counted.’

‘We still have states that have not been called yet,’ Richmond added. ‘We will continue overnight to fight to make sure that every vote is counted, that every voice has spoken.’

Before Richmond spoke and informed the crowd Harris would not be speaking as originally planned, videos began circulating online showing those gathered at Howard vacating the premises as the race’s momentum appeared to swing in favor of Republicans. 

Richmond’s indication that Harris would be calling it a night early came roughly an hour before the race was called for President-elect Donald Trump. Republicans also took back control of the Senate early in the night Tuesday, and it still remains possible the GOP wins a supermajority with enough victories in the House of Representatives.

Trump is still expected to speak to voters tonight from the Palm Beach County Convention Center as planned.


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Election Edge: Smart Investing Strategies for Volatile Times

How will the US election affect key markets from gold to crypto? Get exclusive insights and predictions from our experts.

✓ Trends ✓ Forecasts ✓ Top Stocks

Who We Are

At the same time, not a single word of the content we choose for you is paid for by any company or investment advisor: We choose our content based solely on its informational and educational value to you, the investor.

So if you are looking for a way to diversify your portfolio amidst political and financial instability, this is the place to start. Right now.

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Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to advise that it has received gold results for 91 rock grab samples collected during September from the Company’s 100%-owned Flicka Lake prospect in Ontario, Canada. The rock chip sampling was carried out in parallel with a soil sampling program. Approximately 400 locations were visited within the Flicka Lake claims and 91 rock grab samples and 283 soil samples were collected and submitted for multielement geochemical analysis, including gold by Flame Assay and a base metal suite by four acid digest with ICP-OES finish. Soil results assay results are expected before the end of November.

HIGHLIGHTS

  • Gold results from 91 rock chip samples collected from Flicka Lake received
  • Bonanza grade values confirmed for the Flicka Zone:
    • Flicka Vein #2 returned values of 24.2ppm (24.2 g/t Au) and 19.4ppm (19.4 g/t Au)
    • Flicka Vein #3 returned a peak value of 9.35ppm (9.35 g/t Au)
  • Results supported by historical desktop study as announced last week
  • 0.514ppm (0.514 g/t Au) returned for a pyritic vein sample 800m WSW of Flicka Zone, along the strike of the main shear, highlighting the potential for strike extension of high grade mineralisation
  • Soil assay results are expected to be received before the end of November

As outlined in RMX’s ASX announcement of 30 October 2024, the rock and soil sampling program was designed to test ten target zones defined using available geological and geophysical data for the Flicka Lake tenement. Zones sampled included the Flicka Zone, previously identified and sampled by Troon Ventures in the early 2000s.

High gold grades for the Flicka Zone confirmed by rock chip sample results

The gold values returned for the 91 rock chip samples are shown on Figure 1 and Figure 2 and listed on Table 1. The best results were obtained from Vein #2 and Vein #3 of the Flicka Zone, with peak values of:

  • 24.2ppm (24.2 g/t Au) (Sample 1292085) and 19.4ppm (19.4 g/t Au) (Sample 1292094, shown in Figure 3) from Vein #2.
  • 9.35ppm (9.35 g/t Au) (Sample1292086) from Vein #3.

The RMX rock chip results are consistent with historical rock chip and channel sampling results reported by Troon Ventures for the Flicka Zone (Figure 2) that range up to 16.88ppm (16.88 g/t Au) for Vein #1, 12.96ppm (12.96 g/t Au) for Vein #2 and 20.067ppm (20.067 g/t Au) for Vein #3 (refer to RMX ASX Announcement 30 October 2024).

The gold results to date from the Flicka Zone veins are comparable to the recorded grade of the Golden Patricia Mine (refer to Figure 4), a steeply dipping narrow quartz vein system averaging only 40cm in width that is located approximately 25km NE of the Flicka Lake project area. Between 1987 and 1997, Golden Patricia produced 0.62Moz of gold from 1.22Mt of ore averaging 14.4ppm (14.4 g/t Au)1.

An additional pyritic vein sample, located ~800m WSW of the Flicka Zone along the strike of and striking approximately parallel to the main Flicka Zone shear (Figure 1) returned a value of 0.514ppm (0.514 g/t Au), which highlights the potential for the high-grade mineralisation sampled at the Flicka Zone to persist along the shear system.

Next steps

Following receipt of soil geochemistry and full base metal rock chip sample results, expected during November, RMX will evaluate the full dataset to prioritise targets within the Flicka Lake claims for further surface sampling, where justified and drill testing during the 2025 Canadian field season.

Click here for the full ASX Release

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House Speaker Mike Johnson was declared the winner Tuesday night in his effort to keep Louisiana’s 4th Congressional District solidly red, according to The Associated Press. 

The four-term congressman was first elected in 2016 but gained prominence as a leader in the GOP after he was elected by his fellow members of Congress last year to replace former GOP House Speaker Kevin McCarthy of California. Johnson was previously vice chair of the House GOP conference. 

Johnson’s victory Tuesday in his reliably red district came with little resistance. Democrats did not enter a candidate in the race. Joshua Morott, a Republican substitute teacher with little experience in politics, was Johnson’s only challenger. 

Johnson’s district sits in the northwest corner of the state and is home to Shreveport, Louisiana’s third most populous city. 

Despite lacking any true competition, Johnson still led his party’s fundraising efforts this election cycle. He brought in more than $19 million for his own campaign and $8 million for other GOP candidates, according to the Louisiana Illuminator.

Louisiana has been at the center of a redistricting battle, and earlier this year the state’s congressional map was redrawn to include two Black majority districts. The state is still facing legal challenges over whether the new maps unfairly discriminate against voters. 

Johnson’s future as GOP leader remains uncertain even if Republicans maintain control of the House after Tuesday’s election. Johnson has said he wants to continue in the leadership role if Republicans keep the House.

However, he has not indicated anything about his plans if they do not. People close to Johnson have said he would likely step down, according to NBC News.

Even if Republicans keep the House, a handful of them have signaled they either will not support Johnson to remain speaker or are unsure whether they would support him.

In addition to his duties as speaker, Johnson serves on the House Judiciary Committee and is chair of the Subcommittee on the Constitution and Limited Government.


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Tesla and Space X CEO Elon Musk said election night he plans to continue to be active in politics through the presidential election into the 2026 midterms. 

‘America PAC is going to keep going after this election — and preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney and sort of judicial levels,’ Musk said on X Spaces Tuesday. 

Musk has taken an active role on the campaign trail for the former president and has helped canvass for Trump in key battleground states like Nevada, Arizona, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina

According to its website, America PAC aims to ‘promote free speech, free markets, and a merit-based society.’ 

Musk made waves on the Pennsylvania campaign trail in support of Trump’s campaign, including offering $1 million a day to swing-state voters who sign his political action committee’s petition backing the Constitution.

Musk was sued by Philadelphia District Attorney Larry Krasner, who called the contest an ‘illegal lottery’ aimed at influencing the results of a presidential election.

On Monday, a Pennsylvania judge ruled Musk could continue his efforts. 

Reuters reported Tuesday evening that Musk has also been sued in a proposed class action over the giveaway. 

Musk has given at least $118 million to America PAC, The Washington Post reported. He is expected to spend election night with the former president in Florida. 

The New York Times first reported the news, citing two people familiar with Musk’s schedule, that Musk will be among a small group of people watching the election results with Trump. 

Musk, after the first assassination attempt against Trump in Butler, Pennsylvania, in July, wrote on X, ‘I fully endorse President Trump and hope for his rapid recovery.’

Musk later appeared with Trump at a rally in Butler.

‘I want to say what an honor it is to be here, and, you know, the true test of someone’s character is how they behave under fire, right?’ Musk said at the beginning of his remarks. ‘And we had one president who couldn’t climb a flight of stairs and another who was fist pumping after getting shot.’ 


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