Finally, gold breaks out as it has been very frustrating for precious metal investors. Oil also went over my $80 target this week but could not close above $80. Nevertheless, Ron Struthers of Struthers' Resource Stock Reports believes the chart shows a solid up trend (blue) with resistance at that $80 level and a breakthrough that would mean a test of $85. He shares seven reasons gold broke out an...Read More
LONDON, 8 March 2024 - Analysis from BullionVault is quoted today in a report from personal investment news and data site Benzinga on the split between global gold prices and Western gold investment flows."Central-bank demand for the precious metal remains historically strong, and that's clearly helping drive up the gold price as sovereign nations favor the precious metal as a safe haven against t...Read More
Barry Dawes of Martin Place Securities shares his thoughts on the current state of gold, silver, nickel, cobalt, and palladium and explains why he believes silver is breaking out and palladium is ready to skyrocket.Gold makes another new closing high in US$, and much higher prices are coming.Gold is surging in all major currencies.Silver is breaking out, and palladium is readying to rocket higherK...Read More
LONDON, 7 March 2024 - The latest Gold Investor Index data and comment from BullionVault features today in Manager Magazin, the monthly business magazine for professional decision-makers and executives in Germany.Part of the Speigel group of publications, and with a paid circulation of 100,000 copies, "Investors living in Germany have now sold 4.1% of the gold they had purchased in the past ten ye...Read More
Dominic Frisby of The Flying Frisby takes a look at Bitcoin, as well as one gold stock believes is worth keeping an eye on. Bitcoin has gone bananas. I'm sure you heard. There were new all-time highs yesterday, albeit briefly.Here is a stat to get you salivating: the time it took for Bitcoin to double following previous all-time highs:Dec 2020: 18 days.March 2017: 84 days.Nov 2013: 10 days.March 2...Read More
This company announced it has sent rare earth element (REE) samples to two major REE companies, just as one expert says there may be an opening for Western companies to compete in the space with China.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced it has sent samples of mixed rare earth carbonate (MREC) to two major rare earth element (REE) companies.The samples, generated by SG...Read More
LONDON, 7 March 2024 - Japanese financial news site Quick, part of the Nikkei group of services, today carries BullionVault comment and analysis of the sudden surge in gold prices."While the jump in gold prices began with Friday's surge in Comex trading," says the report, quoting BullionVault, "Monday's new record high price in Shanghai shows the strength of physical demand in gold's No.1 consumer...Read More
MAG Silver Corp. announces preliminary 2024 guidance for its new high-grade Juanicipio mine in Mexico. Find out why one analyst is "impressed" by the performance.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has announced preliminary 2024 guidance for its new high-grade Juanicipio mine in Mexico.Project operator and joint mine owner Fresnillo Plc reported the silver head grade at the project is ex...Read More
Dolly Varden Silver Corp. announced a CA$15 million bought-deal charitable public offering that is expected to include participation from mining financier Eric Sprott. Find out why one writer said the company should change its name to add gold.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) announced a CA$15 million bought-deal charitable public offering that is expected to include participation...Read More
It's bad enough that Joe Biden is the worst president in US history.That Antony Blinken is a terrible Secretary of State makes matters worse. Secretary of Defense Lloyd Austin can't be bothered to clock in nowadays. Attorney General Merrick Garland leaves no impression he'd have been a great SCOTUS justice, seeing his Department of Justice isn't worthy of its name. And due in no small part to Nati...Read More
Although my focus is on markets rather than politics, it's impossible to forecast markets without understanding what's going on in the political realm. While there are important Senate and House races this year, all eyes are focused on the presidential race likely (as of now) to be between Joe Biden and Donald Trump.A Trump vs. Biden (if he makes it) replay of the 2020 election could be close and...Read More
Dolly Varden Silver Corp's recent gold assay results suggest it may need to change its name as it looks more like an Eskay Creek analog, noted Bob Moriarty of 321gold.comDolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX), known for owning one of Canada's historic highest-grade silver mines, recently released gold assay results that are making investors take notice. With grades reminiscent of the ne...Read More
“Democracy never lasts long,” warned old Johnny Adams long ago.“It soon wastes, exhausts and murders itself,” Mr. Adams added.Your editor has himself stretched democracy upon his vivisection table... and upon examination discovered a deeply diseased patient.Its blood stagnates in pools. Its liver reveals excessive alcoholic intake. Its brain manifests an advanced dementia.Y...Read More
Yesterday we asked:Which democracy was superior, we asked modern American democracy or ancient Athenian democracy?We slanted in the direction of Athenian democracy.That is because Athenian democracy minded its money.Athenian democracy amassed a handsome budgetary surplus... over which the citizens themselves stood watch.They could have gotten their hands upon this vast amassing. Yet they did n...Read More
Barry Dawes of Martin Place Securities takes a look at the current state of the market, reviewing various charts to explain the big moves he sees in gold as well as oil and gas.Key PointsGoldAll-time high closing price for US$ goldEnd of the price suppressionGold surges in most currenciesShort covering to comeOut-of-the-box move now underwayGold StocksVery important market trend change hereDT brea...Read More
Chris Temple of The National Investor shares his thoughts on the gold and uranium markets, and one uranium stock he believes is currently a Buy.As MarketWatch, among others, is REPORTING, the most active gold contract closed the day and week yesterday at a new all-time nominal high.This came as a fresh wave of inflation numbers were more or less in line with expectations . . . fresh signs emerged...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the stock market, as well as a couple stocks he believes are Buys.This Sunday, the 93rd annual convention of the Prospector and Developers' Association unfolds in lovely downtown Toronto within the walls of the massive Metro Convention Centre where every year, thousands of mining industry executives gather along wit...Read More
LONDON, 5 March 2024 - Comment, data and analysis from BullionVault features tonight in a report on gold's new all-time record prices published at MSN, the global news portal from US tch giant Microsoft."Gold's latest run to new record highs has come on a jump in speculative betting," says the report, first published by US financial news-site MarketWatch, quoting Adrian Ash, director of research a...Read More
Today we bear the gravest news:Elements of the United States government will "shut down" midnight Friday absent bipartisan resolution to keep it in funds.Some 20% of the federal apparatus will be padlocked and chained.And as Uncle Samuel's doors swing shut... Pandora's hellish box will swing open.You will have each and every species of calamity on your hands.Chaos and old night? You will have it...Read More
LONDON, 4 March 2024 - Analysis and comment from BullionVault today features in global data and financial-news service Bloomberg's report on the surge to all-time highs in the price of gold bullion.With Moscow and Nato now repeatedly warning of the risk of a direct conflict, "Central-bank demand is helping offset profit-taking by investors looking to cash in on the higher gold prices," says the ar...Read More