Given that Federal Reserve chairman Jerome Powell has already hinted at more quantitative easing, it's not surprising that we've seen a continuation of the gold and silver rally. People see what's coming, and they're responding by buying gold and silver. Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave...Read More
A scientific study which found COVID-19 may have been a "cell-culture" uniquely adapted for transmission to humans (more so than any other animal - including bats), is gaining steam.Continue...Read More
"Get the f**k outta here!"A viral video shows at least five people harassing a woman inside a grocery store in Staten Island because she wasn't wearing a mask Continue...Read More
Continue...Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.Read More
Read on below to hear Doug's thoughts on the true consequences of this pandemic... and what he considers the only solution that could restore some normalcy.Continue...Read More
On March 23 - the day the S&P dropped to its cycle low of 2,237 - the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary Continue...Read More
Virginia reported 1,483 new cases of the novel coronavirus on Monday, the state's highest daily case count since the outbreak started.Continue...Read More
The typical hedge fund holds 71% of its long portfolio in its top 10 positions, up from 60% five years ago and just off the record high of 72% at the start of 2019Continue...Read More
Emerging-market equities are looking more fragile as valuations appear out-of-sync with earnings, especially given the increasingly bleak narrative surrounding virus cases and U.S.-China trade tensions.Continue...Read More
Tom welcomes back a past guest, Ravi Sood. Ravi is the Chairman of Galane Gold Ltd., an unhedged gold producer, and explorer.Time Stamp References:0:40 - Stock market valuations.4:35 - Fundamentals and sentiment.9:45 - Outlook for mining equities.15:50 - Paper vs. Physical price disparity.21:40 - Valuations in a rising gold environment.27:50 - Jurisdictions in Southern Africa.31:00 - Cost of labor...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 26, 2020Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome!Pleaseclick here now.Double-click to enlarge this gold chart.It’s clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways...Read More
By Stefan GleasonThe China virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months.However, as lockdowns gradually lift and the 2020 election draws nearer, investors will begin to focus more on political developments.The once-strong economy that President Donald Trump had hoped would propel him to re-electio...Read More
Graceland Updates By Stewart Thomson 1. Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome!2. Please click here now. Double-click to enlarge this gold chart. It's clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways. 3. A rectangle pattern is in play. The good news is t...Read More
StrengthsThe best performing metal this week was platinum, up 5.65 percent, due to stronger retail buying. Gold and silver rose on Friday morning on safe haven buying. U.S.-China relations remain tense and China announced that it will impose new security laws on Hong Kong. Palladium rose the most since March, holding above $2,000 an ounce on Monday, due to renewed optimism about China's economy...Read More
Keith Weiner, Monetary MetalsThe price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let's do a quick update on the supply and demand fundamentals.Here is the graph of the gold basis.The basis has come in quite a bit but it is still 3.6% annualized. We do not...Read More
A recent newspaper article about superspreaders -- stadium events, concerts and outdoor festivals that effectively bathe crowds in Covid-19 -- noted that a boisterous fan can spew viral particles that remain airborne for as long as 12 minutes. There's additional evidence that when we steep in this microscopic spume for a couple of hours as occurs when crowds are densely seated, it increases t...Read More
With the deal, Ely Gold Royalties will gain a 3% net smelter returns royalty on future production. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to buy 48 unpatented lode mineral claims spanning one mile of the Olympic Gold property in Nevada's Mineral County from Great Western Mining for $150,000.Alon...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions. As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More