Ron Struthers of Struthers' Resource Stock Report considers the current outlook for miners in Nevada and highlights ProAm Explorations, which he believes is a bargain primed for advancement. We are entering into a new gold and gold mining bull market. I expect this will go down as the biggest gold bull market in history, with record paper currency printing. It is coming off the bottom of the wors...Read More
Gold Terra's Yellowknife City Project straddles two behemoth, historical, high-grade mines that produced 14 Moz of gold. Last fall, Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) announced that veteran mining executive Gerald Panneton was joining the company as executive chairman. The geologist, who has more than 35 years of experience in gold exploration and mining development, founde...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
Craig Hemke, TF MetalsWhile not the only consideration in forecasting price, it's always important to note the current COMEX contract balance. As the FOMC meets again this week, let's look under the hood to see whether or not positions are at extremes versus recent history.As you know, this has already been a strong year for COMEX Digital Gold. Price ended 2019 right at our forecast of $1520, an...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
LONDON, 6 October 2020 - BullionVault's director of research Adrian Ash is today interviewed in this week's edition of popular German business and finance magazine ?,?uro am Sonntag about trading and storing physical gold.Published in Munich since 1998, "Aren't ETFs that securitize delivery claims for physical gold easier?" asks the magazine."ETFs mediate gold investment through a trust fund struc...Read More
By: Hubert MoolmanThe US Dollar index is not a true measure of value of the US dollar. It just tracks an "exchange rate" between the US dollar and a basket of significant fiat currencies.For a true measure of value of the US dollar it is better to look to Gold and Silver. However, there is a relationship between significant Gold rallies and the US Dollar index.Gold has a tendency to rally at a c...Read More
By Clive MaundThe 6-month chart for GDX shows it completing what looks like a Head-and-Shoulders top at a quite a high level, and with this morning's drop it could soon break down from the pattern leading to a potentially steep drop.On the 13-month chart for GDX we can see that there is plenty of room for it to drop, and the minimum objective in the event of it breaking below nearby support is...Read More
By Avi GilburtRarely do you enter a market environment when the fear is as palpable as it was in the middle of March of this year. The world was coming to an end based upon most of what I was reading. And, as we were approaching the market lows (and even all throughout the 45%+ rally we just experienced), many continued to call for further crashes with many targets being noted at 1800, 1600, and...Read More
Strengths? The best performing precious metal for the week was palladium, up 0.77 percent. ETFs added 241,076 troy ounces of gold to their holdings on Monday, bringing net purchases for the year to 17.2 million ounces, according to Bloomberg data. Total gold held by ETFs rose 21 percent this year to 100.2 million ounces - the highest level since June 2019. However, on Thursday th...Read More
By: Ira EpsteinGold needs to get above $1729 to swing the trend, the August gold contract. Supports around $1688 then towards $1,660s:Read More
There will be short covering in gold if it rises today and till Thursday. In my view, most people are waiting to buy gold @1650. If gold prices manages to trade over $1700 till Thursday, then laggards will start to invest and gold price could be easily break past $1800. Bond yields, stocks and commodities can all rise at the same time. Free money supply is the key reason. Positive economic growt...Read More
The Nasdaq broke above 10,000 for the first timeThe Nasdaq rallied to another record high today, and briefly broke above the 10,000 level for the first time ever. The index's rise was bolstered by traders that loaded up on big technology names, particularly FAANG stocks Amazon.com (AMZN) and Apple (AAPL), both of which notched record highs. Despite this impressive news, the Dow slid today, ending...Read More
OXY is down alongside the rest of the oil and gas sector todayThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 7.7% at $22.51 at last check, amid news that the oil and gas company is reviewing and possibly selling its Middle East assets in order to reduce debt. Meanwhile, BofA Global Research upgraded the stock to "buy" from "neutral," and hiked its price target to $32 from $18. Today's...Read More
An unwinding of pessimism could provide even more tailwindsThe last time we checked in with Teladoc Health (NYSE:TDOC), the telehealth provider was facing off with a key trendline. However, TDOC took a deeper dive than anticipated, shedding 4% in the last 30 days. Now, this extended pullback has brought the stock to another area that, if past is precedent, could halt the skid in its tracks.More sp...Read More
Diving into where last week's tech rally could goFor a while, the stock market highs of February seemed like they would be wistful ancient history during the coronavirus-induced doldrums of March. But U.S. equities -including the Nasdaq-100 Index (NDX) - have been on a breakneck pace sincethose March bottoms. The NDX in particular has had a stellar week; two straight record closes (Tuesday and Wed...Read More
The Dow is off roughly 200 points middayThe Dow JonesIndustrial Average (DJI) and S&P500 Index (SPX) are both languishing below breakeven at midday -- with the former off roughly 200 points -- amid today's travel sector slowdown. However, a bounce-back for tech stocks has the Nasdaq Composite (IXIC) reversing course higher,with FAANG names Facebook (FB) and Apple (AAPL) both charging toward...Read More
PCG is trying to dig out of its bankruptcy holeAfter over 100 years in San Francisco, CA, PG&E Corporation (NYSE:PCG) is moving to Oakland, CA to cut costs. The utility company is hoping to emerge from the bankruptcy filing it entered over a year ago, amid massive liabilities from deadly wildfires in 2017 and 2018. In addition, Mizuho raised its price target to $14.50 from $13.50. Despite the bul...Read More
An unprecedented number of consumers have picked up gardening during coronavirus-related lockdownsThe shares of Scotts Miracle-Gro Co (NYSE: SMG) are up 2.57% at $142.57 this morning, after the company revised its full-year sales and profit outlook amid increased demand for its soil and plant food products. The lawn and garden giantsaid an unprecedented number of consumers have picked up gardening...Read More
Casey's General Stores' fourth-quarter profits disappointed Wall StreetCasey's General Stores Inc (NASDAQ:CASY) entered the earnings confessional after yesterday's close, reporting fiscal fourth-quarter profits that missed Wall Street's estimates, but revenue that beat expectations. In response, CASY is down 2.5% to trade at $165.59 at last checkDespite the earnings miss, RBC raised its price tar...Read More