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Precious Metals Hit Resistance

May 22, 2020 / news.goldseek.com

By Jordan Roy-ByrneThe precious metals sector may have begun a correction on Wednesday. The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels. We mentioned these targets in our article last week.GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key piv...Read More

COT Gold, Silver and US Dollar Index Report - May 22, 2020

May 22, 2020 / news.goldseek.com

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort295,39443,60639,245133,715423,889468,354506,740Change from Prior Reporting Period 17,6238,6634,0877,69219,33329,40232,083Traders22060846060318172 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,85121,465528,205 2,064-61731,466 non reportable positionsChange from t...Read More

Gold Mid-Tiers' Q1'20 Fundamentals

May 22, 2020 / news.goldseek.com

The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March's stock-panic lows. They've already more than doubled in the couple months since! Their just-released Q1'20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns ar...Read More

What re-opening success or failure means for metals

May 22, 2020 / news.goldseek.com

By Richard (Rick) Mills"There is a Chinese curse which says 'May he live in interesting times.' Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history." - President John F. Kennedy, in a speech in Cape Town, South Africa, in 1966 JFK's "Chinese curse" meme seems appropriate...Read More

Precious Metals Update Video: Finally got the corrections in metals from overbought terrirtory

May 22, 2020 / news.goldseek.com

By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More

Miners, smelters can't cut corners when curtailing production, former Anglo CEO says

May 23, 2020 / www.metalbulletin.com

Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.Cynthia Carroll told Fastmarkets during a webinar interview that taking the decision to curtail output in deteriorating demand and pricing environments such as those being seen during the Covid-19 pan...Read More

Jim Rogers: The future for young people in America is 'a nightmare'

May 23, 2020 / marketsanity.com

Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More

Eric Sprott provides analysis of recent developments in the gold and silver markets as well as commentary on some of his recent investments

May 23, 2020 / marketsanity.com

Sprott Money News ? Sprott Money News Weekly Wrap-up - 5.22.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More

Post-Covid-19 changes likely permanent, former Anglo American CEO says

May 23, 2020 / www.metalbulletin.com

The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.Speaking during a webinar interview this week, Cynthia Carroll, who led Anglo American from 2007 until 2013, said this is in stark contrast to the way the sector got back to business in the afterma...Read More

David Stockman: Noose Tightening On Capitalism, Basic Rights - COVID-19 Is A Power Grab!

May 23, 2020 / marketsanity.com

David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More

Chris Vermeulen: Gold Stocks Are Overbought. You Don't Want Prices to Go Straight Up

May 23, 2020 / marketsanity.com

Professional trader and market commentator Chris Vermeulen says gold stocks are overbought and need a breather which would be good for the overall upward trend. Chris shares how he has and is trading the junior gold sector. He called the recent February 24th top in the gold stocks before the March crash. And now he is wanting to top of some gold stock positions during an expected pullback. Chris a...Read More

Wolf Richter: Used Vehicles, Retail and Online Sales

May 23, 2020 / marketsanity.com

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More

Art Berman & George Gammon discuss the oil market

May 23, 2020 / marketsanity.com

Art and George discuss the fascinating history of oil, oil prices, energy, and price compared to value. If YOU are interested in where oil prices are headed and the future of the economy this is a MUST WATCH VIDEO! Arthur Berman is a petroleum geologist with 37 years of oil and gas industry experience. He is an expert on U.S. shale plays and currently consults for several E&P companies and capital...Read More

Land Of The "Free": Stashing Gold May Be Illegal Soon

May 23, 2020 / marketsanity.com

According to one hedge-fund manager, known for his "doom and gloom" economic outlooks, the federal government may soon make stashing gold away illegal for individuals. Continue...Read More

El-Erian on What the New Normal 2.0 Will Look Like

May 23, 2020 / marketsanity.com

Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, talks about China trying to control Hong Kong, and the impact of the coronavirus pandemic on global markets.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the...Read More

Paul Craig Roberts: America Is Drowning In Its Problems

May 23, 2020 / marketsanity.com

Another election approaches and yet again there is no acknowledgement of the real problems our country faces or any interest in discussing what to do about them. America and the Western World in Continue...Read More

Marin Katusa: Will Silver and Silver Stocks Take Off?

May 23, 2020 / marketsanity.com

The booms and busts of silver have truly been exceptional, putting the testicular fortitude of even strongest silver bugs to the test.Continue...Read More

Daniel Lacalle: Fiat Currency Debasement, Central Banks and Gold

May 23, 2020 / marketsanity.com

MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss the secular transition from deflation to inflation, hard assets generally, precious metals, the stock market outlook, and much more.Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a prof...Read More

STUDY: No Herd Immunity In Sweden Despite Country Remaining Open

May 20, 2020 / marketsanity.com

A Swedish study found that just 7.3 percent of Stockholmers developed COVID-19 antibodies by late April, which could fuel concern that a decision not to lock down Sweden against the pandemic may bring little herd immunity in the near future.Continue...Read More

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