Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Frank Holmes of U.S. Global Investors drops in for a wonderful interview on why he believes Fed chair Jerome Powell's recent comments make it even more imperative for investors to own gold and tells us why he sees similarities in what we saw last year in palladium and what we're going to see in gold and silver. He also comm...Read More
Investment manias are nothing new on Wall Street, but this time the heavy betting is on the mania itself. Speculating on volatility is the latest fad, and it is metastasizing so quickly that in just two short months wagers that the stock market will grow even crazier have become the actual cause of its craziness. The bets mainly involve derivatives, including options and ETFs that are ti...Read More
Steve St. Angelo, SRSrocco Report The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion. While it's no secret that shale oil wells suffer high decline rates, what is taking place in the country's largest oil field is quite alarming. The rate at which shale oil production is declining in the Permian should worry investors. In just three...Read More
We are on the horns of a dilemma, caught between the Scylla and Charybdis, a rock and a hard place, the devil and the deep blue sea, the anvil and the hammer. The walls are closing in. We're in a tight spot.All those metaphors (I could list more but will spare you) fit the present economic situation (some are now calling the omni-crisis) and I think will also describe the 2020s.Thanks to forces...Read More
Technical analyst Clive Maund charts the explorer and discusses recent trading in the stock. Although our buying towards the end of Maydidn't succeed in triggering a breakout by Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE), it rose a bit and its technical condition has continued to improve, as we can see on its 8-month chart below. There is no point in writing much here because th...Read More
Sector expert Michael Ballanger critiques the latest news and moves in the stock and precious metals markets. As I was watching the pompom news channel (CNBC), they went into full damage control over Thursday's massacre, and I thought to myself, "What markets or media bullet points do 'the boys' need to control today in order to avoid a weekly sell signal and ensuing panic?"In order of urgency, h...Read More
Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.Silver provides an excellent case study.Let's briefly go back to April 18, 2011, when Elliott Wave International's U.S. Short Te...Read More
Strengths? The best performing precious metal for the week was gold, up 2.78 percent. After its 1.7 percent drop last Friday, gold rose back above $1,700 an ounce this week as investors took advantage of buying the dip. Commerzbank AG analyst Carsten Fritsch told Bloomberg that gold price declines are still seen as a buying opportunity. "Central banks are not expected to revers...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Frank Holmes of U.S. Global Investors drops in for a wonderful interview on why he believes Fed chair Jerome Powell's recent comments make it even more imperative for investors to own gold and tells us why he sees similarities in what we saw last year in palladium and what we're going to see in gold and silver. He also comm...Read More
Investment manias are nothing new on Wall Street, but this time the heavy betting is on the mania itself. Speculating on volatility is the latest fad, and it is metastasizing so quickly that in just two short months wagers that the stock market will grow even crazier have become the actual cause of its craziness. The bets mainly involve derivatives, including options and ETFs that are ti...Read More
Steve St. Angelo, SRSrocco Report The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion. While it's no secret that shale oil wells suffer high decline rates, what is taking place in the country's largest oil field is quite alarming. The rate at which shale oil production is declining in the Permian should worry investors. In just three...Read More
We are on the horns of a dilemma, caught between the Scylla and Charybdis, a rock and a hard place, the devil and the deep blue sea, the anvil and the hammer. The walls are closing in. We're in a tight spot.All those metaphors (I could list more but will spare you) fit the present economic situation (some are now calling the omni-crisis) and I think will also describe the 2020s.Thanks to forces...Read More
Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.Silver provides an excellent case study.Let's briefly go back to April 18, 2011, when Elliott Wave International's U.S. Short Te...Read More
Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term.The precious metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to "risk on" as a result of ongoing massive money injection by the Fed coupled with this being a seasonally w...Read More
Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term.The precious metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to "risk on" as a result of ongoing massive money injection by the Fed coupled with this being a seasonally w...Read More
Adam HamiltonArchivesJun 12, 2020 Gold investment demand remains strong, buoying the yellow metal and its miners' stocks. Investors have continued actively diversifying into gold despite soaring stock markets and weaker summer seasonals. The Fed's extreme money printing fueling these precarious stock-market heights is perilously inflationary, making upping gold portfolio allocations essential. Thi...Read More
Lion One Metals is currently drilling with two rigs and surface sampling various high-priority targets. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced it recommenced surface sampling in the new Navilawa tenement and began diamond drilling at a "newly defined high-grade target called Biliwi," also located in the Navilawa tenement at its Tuvatu gold project on Fiji.The f...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort263,97255,35946,644110,115353,572420,731455,575Change from Prior Reporting Period -8,2242,1979,6371,461-11,7052,874129Traders19664785453283165 Small Speculators LongShortOpen Interest 54,93020,086475,661 -2,958-213-84 non reportable positionsChange from the previous reporting per...Read More