Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse...Read More
CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More
Strengths ?The best performing metal this week was platinum, up 1.92 percent as traders boosted their net long position. Gold traders remain bullish on the yellow metal for a second week as gold reached the highest since September on Monday, reports Bloomberg. The U.S. dollar posted five straight weekly losses, even as U.S. Treasury yields rose. Earlier in the week, 5,000 call options with a str...Read More
The gold market has beenmired in a four-and-a-half year basing pattern. The rally that began late lastyear has taken prices up toward a major resistance zone. It’s make or breaktime!Also, on the cusp of apotentially big move is the bond market. Bonds haven’t been makingheadlines like the stock market, but where the bond market heads next could becrucial for stocks as well as metals (no...Read More
Perhaps the best tool for anticipating major shifts in the financial system is the ratio between Treasury Inflation Protected Securities (TIPS): and the Long-term Treasuries ETF (TLT).In its simplest form, when this ratio rallies, the financial system is anticipating IN-flation. When this ratio falls, the financial system is anticipating DE-flation.Below is a 10 year chart for this ratio. And as y...Read More
"All gold does is it preserves your purchasing power. But, if gold is $5,000, then oil is probably $400, and everything is double or triple, you're not really ahead of the game."Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC. He advises the Department of Defens...Read More
COLORADO SPRINGS, CO, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced the continued expansion of the Arista Mine's Switchback vein system with thirteen additional step-out drill holes. Intercepts include 11.35 meters of 4.19 grams per tonne (g/t) gold, 114 g/t silver and 5.53% zinc; 3.69 meters of 6.82 g/t gold, 225 g/t silver an...Read More
VANCOUVER, BRITISH COLUMBIA / January 23, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the appointment of Randall W. Keller as Vice President of Business Development. Mr. Keller will work alongside former California Senate Majority Leader Richard Polanco (see press release dated December 1, 2017) to target geothermal lithium explorat...Read More
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent high exactly when gold reached its low and the two have diverged since then.The weakness in the dollar appears to reflect a longer-term trend going back to the mid-1980s as the chart be...Read More
Perhaps the best tool for anticipating major shifts in the financial system is the ratio between Treasury Inflation Protected Securities (TIPS): and the Long-term Treasuries ETF (TLT).In its simplest form, when this ratio rallies, the financial system is anticipating IN-flation. When this ratio falls, the financial system is anticipating DE-flation.Below is a 10 year chart for this ratio. And as y...Read More
"While cash levels are up slightly sequentially to approximately $150 billion, cash as a percentage of total client assets remained at historic lows at 12.7%, down Continue...Read More
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018.Since I have been on vacation for the last two weeks, and...Read More
Graceland Updates By Stewart Thomson 1. The good news for gold keeps flowing, with institutions around the world stepping up to the buy window ever-more frequently. 2. They are clearly embracing gold as a key portfolio holding for the long term. The bottom line: institutional respect for gold as a portfolio diversifier has never been stronger than it is right now.3. On that...Read More
Global Warming - Climate Change - Global CoolingHuman beings do affect climate and weather. But is their impact important? Consider this article about global cooling.Stepping Back From The Controversy"Warming" can be taxed. "Cooling" can't be taxed as easily. Which story will government support?Global cooling was the big concern fifty years ago.Many climate changes have occurred in the past millio...Read More
Full Article: There Is Still Value In Gold As A Portfolio Diversifier - Sprott Asset ManagementBy: Neils Christensen(Kitco News) - There is still lots of value in the gold market as prices hold near a four-month high, according to the manager of the third largest gold-backed investment firm in North America.John Ciampaglia, CEO of Sprott Asset Management (SAM), said in an interview with Kitco Ne...Read More
President Trump's move Monday to slap tariffs on imports of solar panels and washing machines imported from China risks bringing back talks of a trade warContinue...Read More
By Gary ChristensonCONCLUSIONSThe Russians did not cause global warming or a dozen other problems, but the accusations make good distractions.Blaming and taxing global warming are helpful to the financial and political elite.Gold and silver bullion and cash are less controllable by the elite, so they are discouraged.I encourage you to buy more silver! GLOBAL WARMING - CLIMATE CHANGE - GLOBAL COO...Read More
"All of this is pure garbage. Is Intel really planning on making this sh*t architectural?" he asked. "Has anybody talked to them and told them they are f*cking insane? Please, any Intel engineers here - talk to your managers."]Continue...Read More
By Mike MaloneyOver the last year, we've seen a strong trend develop at GoldSilver.com: more and more crypto investors are diversifying into precious metals by buying physical gold and silver with Bitcoin. In his latest video, Mike Maloney explains why he feels this is happening, and why it is a good thing. Read More
By Jeff ClarkThere were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what's happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course.While stocks and cryptos dominated last year'...Read More