Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
No amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. Investors should ignore the siren song of gold mining shares.At their highs last week, gold stocks had increased eighty percent from their lows just two ye...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points at 8:30 AM EDT.S&P 500 futures recovered 9 points following release of the U.S. August Employment Report at 8:30 AM EDT. Consensus for August Non-farm Payrolls was 164,000 versus 114,000 in July. Actual was 142,000. Consensus for the August Unemployment Rate was a slip to 4.2% from 4.3% in July. Actual w...Read More
"So did you meet President Reagan?" It was back in the 1980s. I was speaking with another Navy officer. We were both on the staff of the Chief of Naval Operations (CNO). And she had been invited to attend a state dinner at the White House.State dinners are a big deal, anytime and under any administration. An invitation to an event like that is a rare ticket in Washington, D.C. Even within the ethe...Read More
A truly staggering quantity of content is aimed at predicting what happens next, aka the future, and justifies their prediction by referencing models that are presented as rock-solid predictive tools.The majority of these models are based on historical examples that have been distilled into models of “how the world works,” i.e. claims that these were not one-offs or outliers but exampl...Read More
As Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) explores its three strategically located gold projects, Expert John Newell explains why he thinks it is well-positioned to capitalize on Guinea's untapped potential and the growing global demand for gold.Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA), a Canadian junior mining exploration company, is making significant strides in Guinea, West Af...Read More
When I think about the metals market, I chuckle as it has obliterated just about every expectation many have had about what drives the market.We have seen metals decline during a strong inflationary period in 2022, wherein most were expecting it to rally alongside inflation.We have seen metals rally alongside the US Dollar, when most were expecting it to move in the opposite direction to the dolla...Read More
As the summer winds down, investors are keeping a close eye on the precious metals market. August proved to be a stellar month for both gold and silver, with gold prices rising a solid 3.5% and silver not far behind at 3.2%.But what does the future hold? Well, according to Bank of America, the outlook is positively golden. In a recent note to clients, the bank stated, “We believe gold can hi...Read More
This gold bull’s latestupleg has proven mighty, surging to many new nominal record highs. Amazingly gold’s massive gains have accrueddespite no demand from one of its primary drivers. That’s differential gold-ETF-share buying byAmerican stock investors. Enthralled bythe AI stock bubble, those guys have been missing-in-action. When they finally return, gold...Read More
Copper is definitely the mostimportant industrial metal out there.Freeport-McMoRanReflects Market TrendsIn the entire commodity sector, onlycrude oil is more widely used. And given the increasing importance ofall-things-electronic, copper is unlikely to be forgotten anytime soon. Thisdoesn’t mean that the only way in which its price can move is up (far from it),but it does indicate that this...Read More