Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More
The gold miners’ stockshave just been hammered, plunging to new correction lows. That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation. This necessary correctionprobably isn’t over yet. It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
LONDON, 28 September 2020 - Comment from BullionVault features in today's 'big read' in the Financial Times, looking at how 2020's surge in gold investing demand has offset the collapse of consumer purchases amid the global virus pandemic."Asian buyers [tend to] put a floor under the market," the FT says, quoting Adrian Ash, director of research at BullionVault."But with demand being so abject in...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
Bob Moriarty of 321gold presents his investment thesis on Cabral Gold, which is exploring its Cuiu?? Cuiu?? gold project in Brazil. Cabral Cuiu-Cuiu projectBack in July I wrote a short piece about Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS). Shares were $0.155 apiece then, now up 300% even within a two-month correction. After last week's announcement it should be obvious to investors just why.Ove...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
LONDON, 27 September 2020 - Demand to buy silver on BullionVault last week outstripped gold demand for the first time reports today's Sunday Times, reaching a total of ?22.9 million against ?20.6m.Also quoting BullionVault analysis as well as its trading data, "Silver, like gold, acts as a safe haven asset and store of value," says the UK's best-selling Sunday broadsheet.Read the full story in t...Read More
Adam HamiltonArchivesSep 25, 2020The gold miners' stocks have just been hammered, plunging to new correction lows. That shattered their indexes' 50-day moving averages, pounding nails in the coffin of this sector's recent high consolidation. This necessary correction probably isn't over yet. It is still small and short compared to this bull market's precedent, the gold stocks are nowhere near over...Read More
After appearing to have what many believe to be a stroke live on his show The Ron Paul Liberty Report on Friday, Dr. Paul is alive and in good spirits!Message from Ron Paul: "I am doing fine. Thank you for your concern." pic.twitter.com/aALmLn8xIj- Ron Paul (@RonPaul) September 25, 2020 Thank God, Dad is doing well. Thank you for all your prayers today. https://t.co/xNXUa6Pnq4- Senator Rand Paul (...Read More
As the cultural war consumes American politics during this election cycle, the economy remains in a precarious state. Millions of people live on the margins. The only constant for them is insecurity. Economists debate an eventual recovery. They speak of a U, V and a L. But is it in fact a "K-shaped" recovery? A permanent underclass? CrossTalking with Richard Wolff & Peter Schiff.Peter Schiff is an...Read More
Eric Sprott recaps a challenging week for the precious metals but looks forward to better days ahead for the sector.Sprott Money News ? Sprott Money News Weekly Wrap-up - 9.25.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securitie...Read More