Gold & silver are on fire! Gold has hit all-time record highs, and silver has doubled in price since March, but are investors really too euphoric right now? Dave Kranzler joined Silver Doctors on Tuesday, July 28, for a robust discussion on gold, silver, the US dollar, the stock market, the situation on Main Street, and a whole lot more!Some of the topics discussed in today's interview include:Wha...Read More
What does this have to do with safely educating kids in the midst of a pandemic? Not much.Continue...Read More
The percentage of tests run that are positive (the positivity rate), appears to be rising in those states - a leading indication that the outbreak is worsening, Fauci said. Continue...Read More
These findings indicate the need for ongoing investigation of the long-term cardiovascular consequences of COVID-19.Continue...Read More
The Fed is tired of fighting the markets and using QE to force interest rates where it wants. Instead, it will follow the path of the Bank of Japan.Continue...Read More
Due to a Covid outbreak the US mint cannot produce enough coins to meet demand.Continue...Read More
Turkish steel producers continued to stay away from the deep-sea scrap market on Tuesday July 28, largely because of strong prices, but also due to the impending holiday period, sources told Fastmarkets.The most recent deep-sea transaction was done through the US at $275 per tonne cfr for shredded and $280 per tonne for bonus at the end of the last week.Turkish mills have since been quiet and...Read More
Bob Moriarty of 321gold outlines the company's latest deal. If you are a silver bug, Aftermath Silver Ltd.(AAG:TSX.V) just did a binding agreement on a project in Southern Peru with a silver 43-101 resource of 126 million ounces. They are paying about $14.5 million in total in USD with a tiny NSR on production. It comes with 771 million pounds of copper in a 43-101 resource for free.Alternativel...Read More
Aben Resources reported that it has commenced its 2020 field program at its Forrest Kerr Gold project in northwest British Columbia. In a news release, Vancouver-based gold exploration company Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "it has established an exploration camp and commenced ground work at the Forrest Kerr Gold project located in the Golden Triangle region of N.W. B...Read More
The next steps for Black Tusk Resources at this property are the survey followed by target selection and then diamond drilling. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) completed line cutting at its McKenzie East gold project north of Val d'or Quebec in preparation for an induced polarization survey, it announced in a news release. The Vancouver-based exploration firm created...Read More
Iron ore prices mostly rose on Tuesday July 28 after trading sentiment recovered due to an easing in tensions between the United States and China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $106.66 per tonne, down $1.02 per tonne 62% Fe low-alumina fines, cfr Qingdao: $109.79 per tonne, up $0.13 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $95.55 per tonne, up $1.11 per ton...Read More
The gold price made a new all-time nominal high today at $1,945 per ounce. This move should not come as a surprise to anyone paying attention to the current financial landscape. The FED has injected an unprecedented amount of new money/debt into the economy since March in efforts to avoid a collapse from the impact of the Covid-19 virus and subsequent restrictions of business activity globally. Ov...Read More
Stewart Thomson, Graceland Updates1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That...Read More
By: Ira EpsteinGold is in a historic moment. This market has not have had a lower-low day in this breakout, not allowing people in. SIXTH-day in a row over the Bollinger band now:Read More
As shown in the graph below, the firsthalf of 2020 produced an unusual change in the relationship between goldprices, stock prices and recessions, something that has only happened twicebefore in the last fifty years. Each of the two previous times this hasoccurred after a long run up in stock prices, it has been part of acyclical change to a cycle favoring gold over stocks for a decade or morether...Read More
During the bull market years between 2000 and 2011 the US dollar and currencies played a key role in the PM complex bull market. Tonight I would like to go back and visit some of these old charts and see how they pertain to our current bull market.Lets start with a simple GOLD:USD ratio chart that goes back to the 2011 all time high in gold. The bottom for the ratio came in toward the end of 2015...Read More
Resource nationalism is one of the key risks miners will face in the increasingly volatile macroeconomic environment worsened by the Covid-19 pandemic, global law firm White & Case told Fastmarkets this week. This is due to the stretched national budgets that governments are facing after supporting their economies through monetary and fiscal policies amid the Covid-19 outbreak, as well as increase...Read More
The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.As you may have noticed, people just aren't making transactions with coinage like they used to. That's especially the case now in the age of the coronavirus. With many people sheltering-in-place, bil...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More
Dear Friend of GATA and Gold:Thanks to Stephen Gandel at CBS News' Moneywatch bureau for inadvertently illustrating today the greatest power of governments and central banks in the financial markets.Gandel's commentary is headlined: "Gold Prices Hit All-Time High, and It's a Bit of a Mystery Why."Gandel writes: "Gold is usually seen as a safe haven when stocks are falling or when inflation is ri...Read More