By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Bob Moriarty ArchivesJun 18, 2020We are in a depression. Don’t let the idiots buying Tesla at a new high and pumping money into bankrupt Hertz lead you into believing we are in some new economic paradigm. We aren’t. The crash will resume soon and some day shortly down the road Americans are going to be presented a bill for the orgy of money hurling being done by the Fed. The butcher&rs...Read More
Dear Friend of GATA and Gold:In a discussion with your secretary/treasurer this week, London metals trader and Kinesis Money founder Andrew Maguire says longtime metals bank Scotiabank is not only closing its metals trading desk but getting out of the vaulting business and all involvement with gold. Maguire says Scotiabank's withdrawal is a "forced regulatory decision," puts in doubt the resolut...Read More
By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More
David Haggith "Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a "V"-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels ... we experienced just a mere four months ago. Seeking AlphaThat was actually the point of my recent article that unfortunately became, in the comments, all about my disc...Read More
By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Black Tusk Resources reported that it has begun preparations for a 3D IP Survey on the McKenzie East Gold Project. In a news release, gold development company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that "the company has begun preparation for the 3D Induced Polarization (IP) survey on the McKenzie East gold property located north of Val d'Or, Quebec." The firm noted...Read More
Azarga Metals CEO Michael Hopley speaks with Peter Epstein of Epstein Research about exploration at the company's silver-copper project in Siberia and the resource estimate that will be released in the next few weeks. WOW. What a three months it's been. Things appear to be relatively better now, but I was very worried. At its worst, four major U.S. stock market indexes were down an average of 37....Read More
Ely Gold aims to emulate the early years of today's royalty majors. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB; I4U:FSE) features a unique business model: in addition to purchasing royalties outright, it engages in royalty generation, which is acquiring properties mostly through staking, optioning them out and retaining a royalty when the sale is completed. Ely Gold's market cap, around CA$2...Read More
Bob Moriarty of 321gold awaits results from this explorer's drill program. The market was waiting for definitive news from Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) about their upcoming drill program at Tonopah West. On the 17th of June the market got it and liked it a lot. The shares were up 18% on the day and 50% over the past three weeks.Investors have been waiting patiently for assay re...Read More
Inflationremains low, while Powell signals dovish Fed for years. Good for gold. The US CPI inflation ratedeclined 0.1 percent in May, following a0.8 percent drop in April. The decrease was mainly driven by decreases in energy,transportation and apparel prices. The core CPI also declined 0.1 percent, following a 0.4percent drop in April. It was the third consecutive monthly decline, whichhappened f...Read More
Dear Friend of GATA and Gold:In a discussion with your secretary/treasurer this week, London metals trader and Kinesis Money founder Andrew Maguire says longtime metals bank Scotiabank is not only closing its metals trading desk but getting out of the vaulting business and all involvement with gold. Maguire says Scotiabank's withdrawal is a "forced regulatory decision," puts in doubt the resolut...Read More
By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More
David Haggith "Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a "V"-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels ... we experienced just a mere four months ago. Seeking AlphaThat was actually the point of my recent article that unfortunately became, in the comments, all about my disc...Read More
By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Inflationremains low, while Powell signals dovish Fed for years. Good for gold. The US CPI inflation ratedeclined 0.1 percent in May, following a0.8 percent drop in April. The decrease was mainly driven by decreases in energy,transportation and apparel prices. The core CPI also declined 0.1 percent, following a 0.4percent drop in April. It was the third consecutive monthly decline, whichhappened f...Read More
Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More
By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More
By Daniel R. Amerman, CFAWhile stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price changes in percentage terms when compared to mid-February.Stocks are the green line, gold is the yellow line, and the red line is the p...Read More