Bob Moriarty ArchivesSep 28, 2020Back in July I wrote a short piece about Cabral Gold (CBR-V CBGZF-OTCBB). Shares were $.155 apiece then, now up 300% even within a two-month correction. After last week’s announcement it should be obvious to investors just why.Overall we have had some giant moves in both gold and silver since the March lows. And the Fed and other central banks have made it cl...Read More
Aurania Resources reported that Tiria-Shimpia is becoming another compelling target at Lost Cities-Cutucu. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) has discovered, through soil sampling, extensions to the areas of previously identified silver mineralization at the Tiria-Shimpia silver-gold target of its Lost Cities-Cutucu project in Ecuador, the company announced in a news release. "Tiria-...Read More
Lion One Metals presented an updated PEA demonstrating strong economics for its Tuvatu Gold Project in Fiji. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) reported that "it has completed an updated Preliminary Economic Assessment (PEA) for the company's 100% owned Tuvatu Gold Project located on the island of Viti Levu in Fiji."The company advised that the PEA report was prepare...Read More
Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More
The gold miners’ stockshave just been hammered, plunging to new correction lows. That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation. This necessary correctionprobably isn’t over yet. It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More
The gold miners’ stockshave just been hammered, plunging to new correction lows. That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation. This necessary correctionprobably isn’t over yet. It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More
The gold miners’ stockshave just been hammered, plunging to new correction lows. That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation. This necessary correctionprobably isn’t over yet. It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
LONDON, 28 September 2020 - Comment from BullionVault features in today's 'big read' in the Financial Times, looking at how 2020's surge in gold investing demand has offset the collapse of consumer purchases amid the global virus pandemic."Asian buyers [tend to] put a floor under the market," the FT says, quoting Adrian Ash, director of research at BullionVault."But with demand being so abject in...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
Bob Moriarty of 321gold presents his investment thesis on Cabral Gold, which is exploring its Cuiu?? Cuiu?? gold project in Brazil. Cabral Cuiu-Cuiu projectBack in July I wrote a short piece about Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS). Shares were $0.155 apiece then, now up 300% even within a two-month correction. After last week's announcement it should be obvious to investors just why.Ove...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More