Daily coronavirus casesmay be down in the United States, but that is no reason to be complacent,especially given that cold and flu season is only a few weeks away, says thenation’s top doctor. In a roundtablediscussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that“we need to hunker down and get through this fall and winter, because it’s notgoing to be eas...Read More
Someswear by price action, many others rely on indicators. There are actually manygold trading tips built around these techniques. Gold Miners Bullish PercentIndex, is one of the rare ones that don't issue signals all that often. And itshowed the highest possible overbought reading recently.Theexcessive bullishness was present at the 2016 top as well and it didn’t causethe situation to be an...Read More
Daily coronavirus casesmay be down in the United States, but that is no reason to be complacent,especially given that cold and flu season is only a few weeks away, says thenation’s top doctor. In a roundtablediscussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that“we need to hunker down and get through this fall and winter, because it’s notgoing to be eas...Read More
Bob Moriarty ArchivesSep 15, 2020GSP Resources (GSPR-V GSRCF-OTCBB)put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck’s Highland Valley Mine. When I read the press release I got into contact with the company to clarify what I thought they were doing.In...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 15, 2020 Competition is supposed to be healthy, but when governments compete to see who can borrow the most money while paying their lenders little or nothing... that’s not healthy at all. Please click here now. Double-click to enlarge this daily gold chart.The next key Fed meet...Read More
Peter Krauth outlines the reasons he believes the price of silver will continue to rise. They say patience is a virtue.Well, if anyone is virtuous these days, it has to be silver bulls.They also say good things come to those who wait. I believe those good things will be coming...in spades.Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half that le...Read More
Revival Gold provides an exploration update on its Beartrack-Arnett project. Revival Gold Inc. (RVG:TSX.V; RVLGF:OTCQB) announced in a news release it is 25% finished with the expanded drill program at its Beartrack-Arnett property in Idaho and has secured a third rig to assist with faster completion of the work. "Revival Gold's exploration team has made solid progress to-date with this year's dr...Read More
Golden Arrow Resources also provides the exploration status and progress at two of its gold projects, in Paraguay and Argentina. Golden Arrow RosalesGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) commenced its first field work program at its Rosales copper project in Chile, it announced in a news release.The company noted that the campaign at this newly staked property will includ...Read More
Aurania Resources reported it has commenced drilling operations at its Lost Cities - Cutucu Project located in southeastern Ecuador. In a news release, Toronto-based minerals explorer Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced that "drilling has commenced on the Tsenken N2 copper-silver target at its Lost Cities - Cutucu Project in southeastern Ecuador."Aurania Resources stated tha...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
Sep 17, 2020 Guest(s): Mark O'Dea Chairman & Founder, Oxygen Capital With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year. Oxygen Capital is an integ...Read More
Sep 17, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
Outcrop Gold reported it has drilled 0.95 meters of 10,784 grams per tonne silver equivalent at its wholly owned Santa Ana project in north Tolima, Colombia. Outcrop Gold Santa AnaIn a news release, precious metals explorer and prospect generator Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced assay results from drilling on its 100%-owned Santa Ana project in north Tolima, Colombia...Read More
Bob Moriarty of 321gold explains why he is confident the company will hit copper with its new drill program. GSP Resource Corp. (GSPR:TSX.V; GSRCF:OTCBB) put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck's Highland Valley Mine. When I read the press release...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More
Sep 15, 2020 Guest(s): Pierre Lassonde Chairman, Franco-Nevada Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada. Lassonde retired from the board of Franco-Nevada this year, but is still a...Read More
Precious metals expert Michael Ballanger discusses the correlation between stock tips and market bubbles. There is a great story surrounding the late Joe Kennedy, father of former U.S. president John F. Kennedy, and a Wall Street robber baron of the highest order. A dedicated market player in the 1920s, as rumor (or myth) would have us believe, one fine morning in late September 1929, he was havi...Read More