Silver is running out of time and space (onthe chart) to decide where it will go over the next months and years. Thesimilarity of conditions to the early 80s suggests that silver could go into a multi-yearbear market or continue its bull market: On the chart, I have marked two patterns1 to 5, to show how the current period is similar to the period circa 1983.If the comparison to the 1980s pattern...Read More
Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More
By Craig HemkeIt has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has run. However, this post from mid-May clearly lays out that $1235 COMEX gold was at least a "possibility". o https://www.sprottmoney.com/Blog/the-g...Read More
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack...Read More
Graceland UpdatesBy Stewart Thomson 1. Charts don't make fundamentals, but fundamentals do make charts. That's because market fundamentals create liquidity flows. Those liquidity flows create technical action on the charts.2. Please click here now. Double-click to enlarge this important daily gold chart.3. When market technical indicators like RSI, MACD, and Stochastics...Read More
By USAGOLDSummer, 2018 On the law of long-term time preference and gold ownership"The Law of Long-Term Time Preference - Those who plan, invest and execute long-term win. Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life - short-term sacrifice for long-term benefits, deferred gratification rather than inst...Read More
By Steve St. AngeloThe world is standing at the edge of the financial abyss while most investors are entirely in the dark. However, specific indicators suggest the market is one giant RED BLINKING LIGHT. One of these indicators is the amount of margin debt held by investors. What is quite surprising about the level of investor margin debt is that it has hit a new record high even though th...Read More
Source: Jack Chan for Streetwise Reports 07/02/2018 Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices. --> Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gol...Read More
By David HaggithEven the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return of +.32% on July 2nd and is, at least, positive 83.33% of the time. The Dow turns in...Read More
Dear Friend of GATA and Gold:GoldCore's daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great "global monetary reset" often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund's super-currency, the Special Drawing Right, which began shortly after the...Read More
What a fall! The price of gold dropped about $100 since mid-April, or about $50 since mid-June. What is happening in the precious metals market? World Is Dangerous, but Gold Falls in Q2 Let's analyze the chart below. As one can see, the second quarter of 2018 was not good for gold. The yellow metal lost almost 6 percent. June was particularly negative for gold, which dropped more than 4 percen...Read More
Via GEFIRA,The new Italian government will increase public spending and public debt.It promised to reduce taxes, introduce basic security and reform pensions. Italy's Northern League's leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.A couple of years ago it was inconceivable that this regional group could become Italy's leading political party. We should exp...Read More
Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Economics & Trump trade...Read More
SHANGHAI, Jul 3 (SMM) – Manganese producers in Songtao county, Guizhou province are likely to resume production in early July after they failed to resume as scheduled in late June as inspections were incomplete. Only one producer resumed operation after inspection, but was suspended again on June 29, SMM learned. On June 29, the Songtao environmental bureau ord...Read More
Even when gold ran to $1,370 in early April, gold mining stocks were trading like garbage. Many of us were baffled at what was going on. Aren't the mining stocks supposed to lead the metals? Well, yes they are and they still do! Apparently the gold/silver shares were trading poorly because they were forecasting a weaker gold/silver price...what a concept!What has definitely been missing with these...Read More
Yesterday, I shared with you part one in my three-part series, "Why the Bull Market Isn't Over."In it I explained how the record unemployment numbers we've been seeing recently and how this sets off a chain reaction through the economy.Today, I want to talk about the second theme underlying this bull market, which is why I believe the bull market still has legs…The second big theme shaping t...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESJuly 3, 2018, Calgary, AB - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that in connection with the previously announced private placement, the lead agent, Integral Wealth Securities Limited (the "Agent"), has formed a syndica...Read More
Amarillo Gold , MicroCap Conference Toronto June 21, 2018 1:30 p.m. (ET)Read More
Jul 04, 2018 Guest(s): Brandon MacDonald CEO, Fireweed Zinc A global trade war, spurred by U.S. President Donald Trump's protectionist policies, could weaken global demand for base metals, zinc in particular, this according Brandon MacDonald, CEO of Fireweed Zinc. "Every base metals is going to be vulnerable to a weak global economy, that's how base metals operate, so if a trade war breaks out a...Read More
Jul 04, 2018 Guest(s): Tony Barresi V.P. Exploration, Triumph Gold Tony Barresi, V.P. Exploration of Triumph Gold, a junior miner acquired by Goldcorp, gives insights on the techniques exploration companies can use to profit in Yukon. "There are so many types of deposit models that could cause near surface gold, and then something a little bit lower grade but much higher tonnage beneath that." B...Read More