GOOD NEWS… The rebound in gold prices from their recent low has awakened new fervor among those looking for the elusive moonshot. The ‘obvious’ signs of much higher inflation have emboldened those who are inclined to predict ever higher gold prices.Contrastingly, the chart of GLD prices pictured below doesn’t look all that great… At this point, a further one-...Read More
Inflammation does good and bad thingsfor the body. On the one hand, it is the body’s natural defense mechanismagainst physical injuries, viral infections, and bacterial infections. On theother hand, it produces symptoms of swelling, redness, and pain. Whenever a part of your body experiencestrauma, white blood cells flow to that body part to protect it. White bloodcells will kill the germs a...Read More
This young gold-stockupleg is accelerating, with fast-rising prices enticing in more capital. This sector has surged sharply to multiplemajor upside breakouts in recent weeks, which is starting to turn skeptics intobelievers. Despite their strong upside momentumbeing chased, gold-stock prices remain far from overbought levels warning ofimpending selloffs. This mounting uplegstill...Read More
US Treasuries are as much sought-out by investors in a crisis or pending crisis, but lately, Treasuries have become much less popular as a means of storing wealth.The reason is simple: T-bills don’t offer a good return, and neither do other sovereign debt instruments. Although US Treasury yields have been climbing, owing partly to expectations of inflation, in recent weeks this trend ha...Read More
As top officials around the world convenethis week for a “climate summit,” President Joe Biden’s administration isplanning the most radical expansion of government’s role in the economy sinceFDR’s New Deal.The objective is nothing short oftransitioning the entire U.S. and world economy to “clean energy” – asdetermined and directed by central planners...Read More
S&P 500 closed in the the red, vindicating my bearishsentiment going into Monday‘s session. And as I have tweeted during the day, the sellling doesn‘t appear to be over. Friday‘s: (…) selling wave before the close looks to indicatehesitation ahead. Even though VIX is attacking the 16 level, and the put/callratio ticked higher, the bulls are little disturbed thus far. W...Read More
Several economic indicators have surprised us on the positive side. Nevertheless, the price of gold has rebounded.Finally! The price of gold has been rising recently . As the chart below shows, the yellow metal rebounded from the late March bottom of $1,684 to above $1,770 on Friday (Mar. 16). This could be a promising start to the second quarter of 2021, which looks better than the first. As you...Read More
Gold rallied last week towardthe top of a down-trending channel that has been in force since prices peakedlast summer.Abreakout attempt in early January failed. The gold market subsequently slumpedto a potential double-bottom low in March around $1,675/oz.The $1,800 level now loomsas a critical technical juncture.The recent bounce couldeither fail around there… or gather the strength to fin...Read More
A culminating point has been reached.With the USD Index being backed up by solid fundamentals, can gold hold theline?Have you ever noticed how often thelanguage of war is used in finance and economics articles? A given company ison the defensive or the offensive, a stock is pushing forward, something elseis rallying, positions are being taken… who will fire first? It’s the case ofcont...Read More
The S&P 500 went back to relentless rallying onFriday, yet the selling wave before the close looks to indicate hesitationahead. Even though VIX is attacking the 16 level, and the put/call ratio tickedhigher, the bulls are little disturbed thus far – and they‘re unlikely to getupset. Whatever consolidation comes, would be a sideways one – one to bebought. That‘s the resu...Read More
This second part of our research article related to the new Bullish price phase in Precious Metals and Miners will continue to explore the potential range and targets for higher price trends.In the first part of this article, I discussed how precious metals have started moving higher in somewhat of a stealth mode – not really drawing a lot of attention from traders. While other commodi...Read More
(IDEX Online) - A personalized wristwatch made for the artist Pablo Picasso is to be auctioned.The letters of his name are spelled out by the hour markers of the otherwise unremarkable Swiss stainless steel timepiece, made by the little-known Michael Z. Berger Co in 1960.As Bonhams Paris point out in their auction notes, Picasso had the good fortune to have a name of exactly 12 letters. "It i...Read More
Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data. Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the scenes of the hype in the markets regarding IPOs and Bitcoin’s new...Read More
(IDEX Online) - An historic pearl and diamond tiara from the Spanish royal family sold for $1.6m at Sotheby's Geneva.It was a gift to Maria Vittoria dal Pozzo from her father on her marriage in 1867 to Amedeo of Savoy, Duke of Aosta, who was later elected King of Spain as Amadeo I (1870 until his abdication in 1873). She became Queen Maria Vittoria of Spain and died nine years later, aged jus...Read More
(IDEX Online) - Alrosa reported preliminary rough and polished sales of $401m in April, as demand remained "sustainably robust".By comparison, last April saw sales slow to a virtual standstill - $15.6m - as Covid caused a global shutdown.Alrosa's monthly sales from January to April 2021 have averaged $390m.Last month the Russian state-owned miner said it would give shareholders their biggest-...Read More
About four months into the planned two-year construction of Argonaut Gold's (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood.While Argonaut is crossing off early construction milestones at the $480 to $510 million mine build, the company continues to report high-grade gold i...Read More
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Located in one of Russia's most prolific gold mining provinces, Polyus' Olimpiada reigns as the top producing operation.Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More