Enslave
Profiteer
Rule
Don’t go there!
Perhaps ironically, one of the most famous 4 Horsemen of the Apocalypse paintings is by a Russian:
- Pestilence (on a White Horse -> COVID !?)
- War (on a Red Horse -> PUTIN !?)
- Famine (on a Black Horse -> HYPERINFLATION !?)
- Death (on a Pale Horse -> TOO LATE !?)
- Meduza
- DW
- Ahead
Since November 10, Russia has been running an experiment it calls SIM card “cooling” — temporarily cutting off mobile Internet access for cards that have either connected to foreign networks while roaming or remained offline for more than 72 hours. SIM cards returning from abroad are automatically disconnected for 24 hours, though users can, in theory, restore service sooner by completing a CAPTCHA. Officially, the measure is meant to prevent Ukrainian drones equipped with LTE modems from connecting to Russian mobile networks during attacks. In practice, though, it’s a major inconvenience for travelers, residents of border regions, and even foreign visitors, whose SIM cards are also “cooled.” Whether the system actually improves security in practice, however, is an open question. At first glance, it looks plausible — it’s no coincidence that Ukraine has discussed a similar approach. In reality, though, the benefits are limited, and this new layer of protection is easily bypassed. Meduza explains how drones utilize mobile networks during attacks and whether “cooling” can do anything to stop them.
Apti Alaudinov, commander of Chechnya’s “Akhmat” special forces unit, has once again landed in the middle of a political-media scandal — this time not with fringe Z-bloggers but with Kremlin-friendly propagandists themselves. Journalists from RFE/RL’s Caucasus news service Kavkaz.Realii dug into the grievances the Chechen general has accumulated within his own camp and what’s really driving the latest wave of scandals among Russia’s pro-war media figures. Meduza shares an abridged translation of the report.
Russia launched one of its largest missile and drone attacks on Kyiv in months on Thursday night, Ukrainian authorities said, triggering fires and damage across the capital.
Fifty years ago, in November 1975, a political officer in the Soviet Union’s Baltic Fleet launched an armed mutiny in hopes of sparking a “second revolution.” This staunch communist, Valery Sablin, managed to steer a frigate into open waters and win over part of the crew to his cause. But after Soviet naval and air forces crushed the uprising, the details of the mutiny remained classified for many years. Meanwhile, in the West, Sablin’s story served as inspiration for a bestselling novel that would launch Tom Clancy’s career. At Meduza’s request, historian Alexey Uvarov tells the story of the real Soviet naval revolt that inspired The Hunt for Red October.
Despite Ukraine launching its biggest drone attacks to date, Russia’s overall oil processing has fallen by only about 3 percent this year. Refineries have avoided a steeper drop in fuel production by tapping large amounts of unused refining capacity and rapidly repairing damaged units, according to industry sources and Reuters data.
2025.11.13
On Oct. 25, a humpback whale was found dead and floating in the water off Keats Island in Howe Sound near Vancouver.
The cetacean was confirmed to be the same animal struck by a whale watching tour boat.
Eight days earlier, a high-speed ferry struck a humpback whale near Vancouver in English Bay, also near Vancouver. The humpback calf was seen with a deep gash near its dorsal fin, according to CBC News.
2025.11.12
One way to make an educated guess as to the direction of the copper price is to look at the copper-gold ratio. To find the ratio, simply divide the price of a pound of copper by the price of an ounce of gold.
Copper is currently trading at $5.07 a pound and gold is $4,109.30 an ounce so the copper-gold ratio right now is 0.00123.
Because copper is used so frequently in industrial processes, the copper-gold ratio is an indicator of investor sentiment about global economic growth.
2025.11.09
White Gold (TSXV:WGO, OTCQX:WHGOF, FRA:29W) this week reported assays from the first drill hole of the 2025 drill program at its Golden Saddle deposit, part of the company’s flagship White Gold Project located in Canada’s Yukon Territory.
White Gold Project location
According to the Nov. 4 news release,
Hole WHTGS25D0218A successfully intersected the high-grade footwall breccia target, returning 6.89 g/t Au over 2.8 meters, infilling 150-meter gap up-dip and confirming continuity of this mineralized zone parallel and footwall to the Main Zone.
Continue reading White Gold drills 6.9 g/t gold over 50.2m – Richard Mills at Ahead of the Herd.
2025.11.08
Prime Minister Mark Carney deserves credit for putting the subject of critical minerals at the top of his agenda, alongside port development and other key infrastructure, as his Liberal government aims to sidestep the United States and its current problematic leadership.
Carney’s pro-mining stance is a welcome change from his predecessor, Justin Trudeau, whose government put roadblocks in front of resource extraction through for example Bill C-69, the West Coast tanker ban, and the implementation of a federal carbon pricing regime.
Adam Hamilton, CPA
Gold miners’ Q3 earnings season just wrapped up, and the majors’ results proved spectacular. And they really needed to be, to fundamentally justify gold stocks’ monster bull run this year. Gold miners are earning money hand-over-fist in this lofty gold-price environment, achieving many all-time records. Their massive profits consistently skyrocketing for over a couple years now still warrant big future gold-stock gains.
The GDX VanEck Gold Miners ETF remains this sector’s dominant benchmark.
Continue reading Gold Miners’ Q3’25 Fundamentals at Ahead of the Herd.
2EMMA Featured Stories
Mandela’s Kiss Endures
The 2024 Global Elections Super-Cycle
Stay tuned for continuous updates on elections around the world. Click on a country for the latest elections data and analysis.
- Number of national elections to be held in 2024 18 of 68
- Overall turnout (based on registered voters) 63%
- Total number of ballots cast in 18 elections 467,094,737
Pulled conclusions from pooled data compilations
Using some of the world’s largest companies by market cap & some of the most quoted indices + two most sung alternatives: data for this millennia where available
- At 134x, Apple is the absolute stock price growth winner; with Amazon at 45x and Google at 32x
- Despite the lack of interest or dividends, gold at 6.6x looks good compared to any other stock or index!
- Barrick Gold on the other hand seems to be poorly correlated to anything including the gold metal itself!?
- But Barrick is the only stock producing negative correlations with most of the indices including a relatively high -0.77 with the Euronext100 index
- If one wast trying to get something totally uncorrelated on purpose- it would be hard to beat: gold and the Euronext100 index at -0.03; or Barrick and the Hang Seng index at 0.04; or gold and Merck at 0.16; or BTC and the FTSE index at 0.19
- Correlation against a basket of indices & alternatives is best in Disney and Google (0.81-0.82), albeit at different growth multiples
- If an average historical P/E is somewhere in the 20x range, then the current S&P quoted average which is in high 30s is as warned high, BUT: only Amazon and Visa seem to be widely out of range (justified by growth in online transactions?), with many below current & historical averages
- In the current world of no interest & no inflation, maybe the higher P/E averages are justified..? For how long, that is a different question…
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