Jim Rickards was correct.Jim forecast that the Federal Reserve would sit upon its hands today no rate hike.And in fact the Federal Reserve sat upon its hands today no rate hike.Mr. Powell left his sword in its sheath.The stock market reacted initially with a shrug of its slumping shoulders.That is because it did not anticipate a rate increase. Thus its expectations were merely affirmed.Stocks...Read More
This company is trying to loosen China's grip on rare earth elements. Find out why one analyst thinks its latest resource estimate adds to value to its flagship project.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) has filed the National Instrument 43-101 technical report for its newest mineral resource estimate (MRE) at its Wicheeda rare earth element (REE) project in British Columbia.T...Read More
LONDON, 31 October 2023 - Comment from BullionVault features today in a report from leading German newspaper Handelsblatt about how weak investment demand for gold has so far failed to dent the price of the precious metal."In the long term, consumer demand, along with central bank demand, helps form a floor for gold prices," explains Adrian Ash, director of research.So while these segments of the...Read More
The Federal Open Market Committee (FOMC) of the Federal Reserve System (the Fed) is meeting today and tomorrow for the purpose of discussing the economy and setting monetary policy going forward.Today I'm giving you a preview of the meeting, a forecast of Fed policy and what it means for the economy going forward. Let's start with what's happening tomorrow with the Fed...Tomorrow, the Fed will lea...Read More
Michael Ballanger of GGM Advisory Inc. takes a look at current trends in the junior resources sector to tell you where he believes it is all headed.The finest newsletter writer for junior resource companies to ever pick up a pen, tap away on a typewriter, or wax eloquently on a desktop keyboard was Robert Bishop, who retired from active service about fifteen years ago after publishing "The Gold Mi...Read More
Emerita Resources Corp. has announced the beginning of its drill program at the Nuevo Tintillo mine. Read on to see why analysts are optimistic about this company's stock.Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) put out a press release on October 20, 2023, announcing that the company has begun its drill program on its Nuevo Tintillo property after some delays due to concerns ab...Read More
The stock market continues to drag investors into a pit of despair as the major averages post another ugly week of losses.The Nasdaq took the brunt of the damage, tumbling more than 5% in just ten trading days as the once bulletproof mega-cap tech stocks began to unravel. The bears have now come for the biggest and best stocks on the market, with major players like Alphabet Inc. (GOOG) suffering d...Read More
We saw what happened in the Hamas attack on Israel across the Gaza Strip. What's coming next in this war? How far will the escalation go?You're well aware of the surprise attack by Islamic Hamas berserkers on Israeli civilians on Oct. 7. Hamas does not have an air force or armor, but they improvised an assault with mundane substitutes.They used paragliders of a kind that can be found at almost any...Read More
Of course, you realize that if this tragic business in the Middle East gets out of hand millions of people might die, maybe even you and me. Any way you cut it, looks like Islam wants to rumble.Basic problem: The little slab of land on the Mediterranean at issue is in the possession of one group of people and another group of people wants to drive them out. There is no "two state solution" because...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
This marks a milestone achieved at this silver-gold-lead-zinc project in the world's premier silver mining camp, noted a BMO Capital Markets report.The Q3/23 highlight of MAG Silver Corp. (MAG:TSX; MAG:NYSE American) and Fresnillo's joint venture project in Mexico, Juanicipio, was the new processing plant reaching nameplate production, reported BMO Capital Markets analyst Kevin O'Halloran in an Oc...Read More
This is impressive given that ore processing was shifted to entirely the new plant at the Mexico project during the quarter, noted a PI Financial report.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) joint venture mining project with Fresnillo, Juanicipio, produced more metal than expected in Q3/23 as the ramp-up of the processing plant was being finalized, reported PI Financial analyst Chris Tho...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead. EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More
Barry Dawes of Martin Place Securities takes a look at current trends in the market, including the gold market.KEY POINTSGoldBreaks out of pennantOption expiry volatilityReady to move higher nowGold stocksSentiment still poorOption expiry selloffSupporting on downtrendGold stocks vs GoldReversal pattern developingStocksEarnings still risingMarket sentiment is pessimisticBanks underpressureCOVID dr...Read More
2023 has been a great year for Omai Gold Mines Corp. The company, which has been public since 1995, has completed 16 test drill holes intersecting multiple gold-bearing zones. Read on to see what experts are saying about this gold stock.Omai Gold Mines (TSXV:OMG) is a Canada-based mineral exploration and development company engaged in the acquisition, exploration, evaluation, and development of mi...Read More