Both Powell and Yellen testified before Congress. They sounded upbeat on the U.S. economy, but gold’s reaction was weak.What a combo! Both Fed Chair Jerome Powell and the U.S. Treasury Secretary Janet Yellen testified before Congress this week. They spoke about the economic response to the economic crisis caused by the Covid-19 pandemic and the Great Lockdown .In his prepared remarks , Powel...Read More
The mining ETFs (the GDX and GDXJ) have hitresistance and look tired. After their corrective rally, a slide lookspromising. The miners are done correcting and if theywere at a water amusement park, would they head for the lazy river? How aboutthe wave pool? Nah… they’d be headed straight for the slides. If you’ve been waiting for a high-qualitysign that the nex...Read More
The globalist push for central bank digital currency is ramping up.On Monday, Federal Reserve Chairman Jerome Powell spoke at a virtual "Innovation Summit" hosted by the Bank for International Settlements, the central bank for central banks around the world.Powell aimed his remarks specifically at digital currencies. And he made it clear that Bitcoin and other privately circulating crypt...Read More
Despite everyone saying the bottom isin, and that gold and miners are set for takeoff, the signs still point south.The real question: how low can they go?Let’s take a look at some price targetsfor where the GDX and GDXJ mining ETFs might land up.With the miners attempting to reclaimPride Rock, it won’t be long until the GDX ETF is singing Hakuna Matata.Rising U.S. Treasury yields? No p...Read More
Peter Krauth, editor of Gold Resource Investor, examines the commodity supercycle and the role recency bias plays in investment decisions. Recency bias is a funny thing. It's human nature to expect the near future to look like the recent past.But we all know that's not how things always play out. And that can be costly, even dangerous, for investors.Take long term bonds, for example. Ten-year Trea...Read More
TheFed’s Open Markets Committee met last week and left policy unchanged – at leastfor the moment.Noone expected central banking officials to make rate adjustments last week withequity prices rubbing up against all-time highs and the economic recoverynarrative still dominant.Centralbankers are likely getting nervous, however. Treasury yields are surging, andit is only a matter of time b...Read More
Gold’s volatile little brother had aninteresting run thus far, with internet forums buoying its price. But willfundamentals prevail? Where is silver headed?“The Ides of March are come,” saidCaesar. “Aye Caesar; but not gone,” replied the soothsayer. The Ides of Marchquotation is often bandied about in financial articles midway through themonth. Caesar was assassinated...Read More
A year ago this past week marked the onset of the Covid-19 Pandemic. It also was the last full week of trading in the financial markets preceding crashes in all markets and a near-complete, albeit temporary, shutdown of economic activity.Subsequent rebounds in stocks, bonds and real estate took valuations to levels as high or higher (much higher for stocks and gold) than before the turbulenc...Read More
Sector expert Michael Ballanger considers how recent market moves have influenced investment in the precious metals markets. I had not intended to hit the keyboard today, having worked all week to prepare the Special Situations Report on my top-performing Norseman Silver Ltd. (NOC:TSX.V) (whose 65% year-to-date advance and 869% advance since the March 2020 lows has been a pleasant surprise), but F...Read More
The ECB accelerated its asset purchases, but unless the Fed follows suit, gold may continue its bearish trend.On Thursday (Mar. 11), the European Central Bankdecided to accelerate its asset buying under the Pandemic Emergency Purchase Program :Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council expects purchases under the PEPP over the next quarter...Read More
In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More
In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More
In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More
Last year provided some real economic turmoil via the COVID-19 pandemic. Indeed, governments have responded accordingly. Tremendous amounts of stimulus have improved the economic outlook. However, these stimulus measures have also brought about increasing inflation expectations.Some investors are becoming concerned that inflation and rising bond yields could result in some volatility on the horizo...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More
In this video we break down Michael's predictions for the global financial system. he explains his views on the market crash, inflation, the US dollar and the endgame of the global financial system. Michael also discusses gold, silver and how he is preparing himself financially for what's to come in the stock market and global economy.Michael Pento is a specialist in Austrian economics and is the...Read More
Are we looking at a deflationary collapse in the next 12 months? Our guest this week, Mr. Karl Denninger says he would not be surprised by a 50% re-pricing in all asset classes. Join your host, Dennis Tubbergen as he and Mr. Denninger discuss forecasts for the economy, healthcare, and the markets in the coming months.Karl Denninger is an American technology businessman, finance blogger, and politi...Read More