Bob Moriarty ArchivesJun 11, 2020The investing climate today is far more dangerous than I have ever seen in my life. Last week American Airlines shares doubled in four days. That has never happened in history. Hertz, which just happens to be in bankruptcy, went from $.82 to $5.62 in four days. That’s pretty remarkable for a stock soon to be valued at an even ZERO.I’m going to format th...Read More
Bob StokesElliottWave InternationalPosted Jun 11, 2020Watching 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,...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekEquinox has been and currently is one of the premier mid-tier gold producers because of I) its people, management and BOD, most notably Chairman Ross Beaty, II) its assets: a nice portfolio of assets with material organic growth potential and significant exploration upside, III) its near and medium-term growth profile [which will see out...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekEquinox has been and currently is one of the premier mid-tier gold producers because of I) its people, management and BOD, most notably Chairman Ross Beaty, II) its assets: a nice portfolio of assets with material organic growth potential and significant exploration upside, III) its near and medium-term growth profile [which will see out...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
David Haggith The first graph gives you a glimpse of the "huge jobs rebound" that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren't looking past the headlines.The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:Some recovery, huh?In broader context, that looks like this:Why the drama...Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
Omineca Mining and Metals aims to culminate its 2020 program with drilling. Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced in a news release it commenced field work at its Wingdam hardrock gold project in British Columbia's Cariboo mining district after completing an oversubscribed financing.For this work, the Saskatoon, Saskatchewan-based exploration company appointed Steph...Read More
Liberty Gold is also gradually scaling up its 2020 drilling at the project. In a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced it expanded its land package at its Black Pine project in Idaho by staking two additional parcels encompassing 122 claims."It was imperative, given the scale of the main Black Pine oxide gold discovery, to secure all relevant ground in the district," P...Read More
I am afraid I have got some bad news for all the Silver bugs out there, for the gold / silver ratio chart makes it crystal clear that Silver is NOT a safe haven precious metal. Yes you may still call it a precious metal but it is NOT GOLD! That's for sure! So come to terms with the fact that Silver given the facts on this chart is NOT a safe haven. For if Silver were a safe haven the Gold / Silver...Read More
Thesad truth is that few people really know very much about gold, especially whenit comes to investing in the metal. They don’t understand what makes it sovaluable and unique, and they know even less what moves its price. Since Idon’t want to spend an hour on why it is so precious, I’ll just try and sum itup in a sentence: Gold is extremely rare, beautiful, portable, transferable...Read More
Some might say “Silver’s performance over the past several weeks has been nothing short of phenomenal.” Others talk and act as if all of their wildly crazy price predictions have already come true.The chart (source) below is a one-year history of daily prices for SLV (Silver ETF)… As of this writing, SLV is up forty-eight percent since striking its most recent low of $10.8...Read More
The most recent U.S. jobs report, which he believes is bound for revision, has Michael Ballanger musing on how economic policies are reflected—or distorted—in the precious metals markets.I was sitting in my den looking out over the swamp—er—lake tonight when it appeared as though something was flailing around near the shoreline. So I threw on my deck shoes and went for a st...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
David Haggith The first graph gives you a glimpse of the "huge jobs rebound" that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren't looking past the headlines.The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:Some recovery, huh?In broader context, that looks like this:Why the drama...Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
LONDON, 11 June 2020 - Comment and analysis from BullionVault features today in a report on how the Covid Crisis has affected the global gold market from the Wall Street Journal, the US financial newspaper of record.With the number of flights between the trading hubs of London and New York shrinking dramatically thanks to lockdowns and a collapse in passenger demand, "the disruption could erode Ne...Read More