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- Tectonic Metals Drills 2 . 41 g / t Au over 59 . 44 metres , Including 11 . 82 g / t Au over 10 . 67 metres and 39 . 96 g / t Au over 3 . 05 metres at Alpha Bowl , Flat Gold Project , Alaska
Tectonic Metals reported results from 19 drill holes at Chicken Mountain, the most advanced of six intrusion targets at its 99,840-acre Flat Gold Project in southwest Alaska. Drilling at Alpha Bowl and Adit continues to show broad, near-surface gold with higher-grade intervals that could be relevant to future starter-pit evaluations, and gold-bearing hydrothermal brecciation was identified at Adit. Alpha Bowl spans about 820 metres along strike and up to 600 metres wide, and has been drill-tested to over 300 metres depth. The company has completed more than 29,000 metres of drilling in 2026, with 114 holes (about 22,000 metres) awaiting assays, a maiden mineral resource estimate targeted for Q1 2027 and a Preliminary Economic Assessment targeted for Q2 2027.
- Auriginal Intersects 45.5 m of 1.05 g/t Au and 29.4 m of 1.32 g/t Au at Roger, Extending Gold-Copper Mineralization at Depth; Updated Mineral Resource Estimate Expected Before Year-End 2026
Auriginal Mining reported assays for four drill holes at its 100%-owned Roger Project in Quebec, completing all Phase 1 results; every hole returned gold-copper mineralization extending to about 660 m down-hole. The strongest hole, AUR-26-12, returned 45.5 m grading 1.05 g/t Au from 397.0 m, including 8.0 m at 4.37 g/t Au, while AUR-26-10 returned 29.4 m at 1.32 g/t Au from 402.0 m. Phase 1 drilling has extended the system to at least 1.4 km of strike and 150 m below historical drilling, and Phase 2 is about 70% complete. Visible gold was seen for the first time at Roger in hole AUR-26-20, with assays pending. An updated Mineral Resource Estimate for the Roger Zone is expected before year-end 2026, excluding this year's drilling.
- Jamie Dimon Warns Of Forces That “Continue To Shift Under The Surface,” As Half Of Russell 3000 Stocks Sit In A Bear Market With The S&P 500 Near Records
JPMorgan Chase CEO Jamie Dimon warned that large fiscal deficits, sticky inflation, high asset prices, rising rates and geopolitical conditions “continue to shift under the surface,” though he said the U.S. economy remains strong. According to Morgan Stanley’s Mike Wilson, 51% of Russell 3000 stocks are down more than 20% from their June highs, and 96% of semiconductor stocks are down by a similar margin, compared with about 4% of banks. The S&P 500 is near its highs, but the median index member sits 16% below its 52-week high, and over three quarters four large companies added about 300 index points while the remaining 496 members lost about 150. Wilson sees bond volatility as the factor that will determine whether breadth improves, while JPMorgan shares closed down 0.82% after an earnings miss.
- Medaro Mining Defines Multiple High-Grade Copper-Gold Target Areas at Bastnäs Project in Central Sweden Following 2026 Surface Sampling Program
Medaro Mining is providing more geological context for the copper-gold results from its 2026 surface sampling at the Bastnäs Project in central Sweden, without reporting new assay results. Of 218 samples collected, 56 assayed above 1.0% copper, including 10 above 10% Cu, and seven of those 10 came from waste dumps around the historic Persgruvan-Bössan underground mine (Area D). The program also returned 15 samples above 2.0 g/t gold, and the highest gold result, 16.5 g/t Au from sample BS159 at Stålklockan (Area C), also contained 3.82% Cu and 11.68% TREO. Because the samples are selective waste-dump material, the company says the results do not establish grade, width or continuity of in-situ mineralization. The company plans to focus its next copper-gold targeting on Persgruvan-Bössan and Stålklockan, and to integrate the surface results with a 2026 drone magnetic survey before finalizing drill collar locations.
- Gold Prices Rise as Lower US Treasury Yields and Weaker Dollar Support Precious Metals
Gold prices edged higher on Friday, 16 October 2026, after a two-week high in the previous session, as lower US Treasury yields and a weaker dollar boosted demand for precious metals. Spot gold rose 0.1% to $4,174.76 per ounce, while US gold futures gained 0.6% to $4,195.87, and silver, platinum and palladium also advanced. The moves followed a selloff in AI-linked tech stocks that pushed investors into government bonds and cut Treasury yields by as much as 12 to 15 basis points. Gold remains about 20% below its level before the US-Iran war began in late February, and stronger-than-expected September CPI data has raised expectations of a possible Federal Reserve rate hike in October.
- Great Plains Metals plans 1,000-metre copper-gold drill program at Goodrich
Executive director Aiden Bishop of Great Plains Metals Corp. said the company will drill 1,000 metres at Goodrich to test the relationship between its discovery hole (0.47 copper equivalent) and historical drilling. The goal is to determine whether there is more than one pencil porphyry, an elongated gold-copper pipe that typically occurs in clusters, before testing the geometry of the pencils at depth. Historical data show mineralization of about 1.5% copper equivalent from surface, indicating very shallow mineralization with some high-grade holes. The drilling will follow a scissor-like pattern across the width of the deposit, and the results will guide the next program.
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- Roblox Is Now Down 38% in 2026: Is RBLX Stock Dead Money or Poised for a Comeback?
Roblox stock is down 38% year to date to $50.41, with a late-September court ruling letting a Los Angeles County child exploitation lawsuit proceed and a Jefferies downgrade to Underperform adding pressure. Jefferies argued the rally after the Q2 report priced in too much bookings growth, which rose only 8% to $1.6 billion in Q2 even as daily active users grew 10% to 123 million. Safety changes, including a mandatory age check, had already led Roblox to cut its full-year revenue growth forecast to 20% to 25% earlier this year. For Q3 2026, Roblox forecasts a year-over-year bookings decline of 14% to 18%. Take-Two (down 20%) and GameStop (up 31%) year to date suggest the pressure is specific to Roblox, and the article frames the key test as whether bookings stabilize while user growth continues.
- Super Micro (SMCI) Won Over $60 Billion in Orders, Is the Discount Deserved?
A contractor linked to Super Micro Computer (SMCI) pleaded guilty earlier this month to helping ship servers with advanced Nvidia chips to China, a case prosecutors say involved billions of dollars of U.S. AI technology, though the company says it was not named as a defendant and its operations are unaffected. Sales for the fiscal year ended June reached $39.1 billion, up from $22.0 billion, with CEO Charles Liang citing more than $60 billion in new orders, several hundred added enterprise customers, and a record backlog. Management guides to $65.0 billion to $72.0 billion in fiscal 2027 sales, and sales have grown about 61.5% a year over five years. Gross margin was 10.8% for the full year but rose to 17.5% in the June quarter, with net income of $1,178 million, while the trailing 12-month operating margin was 7.09%. The article notes the stock trades at a much lower multiple of expected earnings than the sector, and that one strong quarter does not yet prove a new margin level.
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- California billionaire tax could backfire, Stanford study says
Stanford economists Benjamin Jaros and Joshua Rauh argue in an NBER working paper that California's proposed one-time 5% tax on billionaire wealth could raise far less than projected and ultimately reduce state revenue. Seven billionaires, including Peter Thiel, Larry Page and Sergey Brin, have publicly left the state, removing about $540 billion, or 30%, of California's billionaire wealth from potential taxation. The authors estimate the measure could generate only about $30 billion, versus the $100 billion projected by proponents, while losing $1 billion to $3.5 billion a year in income tax revenue could leave the state about $39 billion worse off in present-value terms if those losses persist. The measure, Proposition 40, goes to voters next month, and a Citrin-Politico poll found 46% of likely voters in favor and 43% opposed. Supporters, including Nobel laureates Daron Acemoglu and Joseph Stiglitz, argue the tax will fund health care and that California has attracted more venture funding since the proposal was announced.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- NVIDIA Stock And 2 Other Undervalued Stocks To Own
Rising interest rates have pushed down bond prices, with 10-year U.S. Treasuries recording one of their steepest multi-year declines since the 18th century. The article highlights three U.S. stocks that a Simply Wall St cash flow screen considers attractively priced relative to their future cash flow potential: NVIDIA, Wells Fargo and J.B. Hunt Transport Services. NVIDIA generated about US$275.4b from Compute & Networking and US$27.6b from Graphics, with a market cap of US$5,170.6b, and the piece notes that an open-source or cheaper alternative to its CUDA platform could weaken its moat. Wells Fargo, with a market cap of US$251.7b, grew average loans 12% and average deposits 10% year over year in 2Q26 after the removal of its asset cap, while J.B. Hunt, with a market cap of US$21.3b and US$13.3b in revenue, recorded record intermodal volume of over 578,000 loads in Q2 2026.
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