Today, there’s now hope and excitement the pandemic could be finally behind us. Mass vaccination rollouts and rising inflation expectations signal this.Indeed, investors are hoping the stock market continues to inflate along with real assets. While stocks may take a breather, and volatility may arise, investors need to stay level-headed and approach portfolio construction with the long term...Read More
When the March 2020 crash first happened, investors were quick to pick up gold stocks. This is what’s happened ever crash that’s ever happened, so it was likely to happen yet again. But investors were then also quick to drop them once they saw the tech stocks were actually where the money was.But I urge investors looking to invest in strong gold companies to reconsider these stocks. Go...Read More
Houston, TX - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") provides the following update on its corporate activities for the first quarter of 2021.SALES UPDATEThe Company sold 53,009 tons of frac and industrial sand during Q4 2020, compared to 49,248 tons in Q3 2020.Based on current and expected market conditions, the Company anticipates sales volumes of frac and industrial san...Read More
Todd Hilditch, CEO of Riley Gold, talks with Maurice Jackson of Proven and Probable about his company's exploration plans for its two properties in Nevada, both located in established mineral trends. Maurice Jackson: Joining us for conversation is Todd Hilditch, the CEO of Riley Gold Corp. (RLYG:TSX.V; RLYGF:OTCQB). Pleasure speaking to you to share the opportunity before us in Riley Gold. Before...Read More
Confirmed, unconfirmed, verified, andinvalidated: breakouts and breakdowns are now ubiquitous. And the implicationsare bearish for gold.Let’s start today’s analysis with adiscussion of the key market that everyone is interested in – gold.Gold’sFailed Breakout – A Sell Sign In short, gold just invalidated its smallbreakout above the declining blue resistance line. The...Read More
The Gold Miner correction was well earned, but it was not a bubbleEven today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. inflation promoted for and currently working toward economic goals) the gold miners never do,...Read More
The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon.All currencies are substitutes for real money, i.e. gold. And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are as bad or worse.That doesn’t stop the dollar bashing, of course. In a general long-term sense, the condemnation...Read More
The federal government isspending and redistributing newly created cash so rapidly, it’s becomingdifficult to keep track of which trillions are going where.This week, President JoeBiden will pitch a $3 trillion “green” infrastructure package. That’s on top ofthe $1.9 trillion economic “relief” bill he recently signed into law.Next month, Biden isexpected to roll...Read More
Positions in the USDX are shiftingfrom shorts to longs, so gold investors should look closely. Why? Because it’san inverse relationship.We’ve discussed the negative correlationbetween the dollar and the precious metals many times before, but it can neverbe discussed enough, particularly as the situation develops and the outlook forthe USD Index becomes more positive.Once the USD Index...Read More
Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week. Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger. The US Fed indicated it will do whatever is necessary to support the recovering ec...Read More
Another day, another reversal – and a positive one forstocks. Universal sectoral weakness gave way to a unison rebound amidconstructive outside markets. After weeks of on and off fits over rising Treasuryyields, S&P 500 ran into headwinds on their retreat, and recaptured itsluster yesterday as long-dated Treasuries (TLT ETF) rolled over to thedownside. I guess nothing boosts confidence a...Read More
Many analysts expect silver to outperform gold this year. It’s possible, but investors shouldn’t count on improving economic conditions and industrial demand.Silver has recently become a hot investment theme. For months, if not years, some analysts claimed that silver is undervalued relative to gold. Then, at the beginning of 2021, Reddit revolutionaries tried to trigger a short squeez...Read More
While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend took a big hit on Thursday, March 18, 2021. Our guess is that the FOMC statement did nothing to support the continued commodity price rally as the US Fed continued with near-zero interest rates and economic support through 2023. The rally in commoditi...Read More
Peter Krauth, editor of Gold Resource Investor, looks at the Fed's actions and what they augur for gold. This week Fed Reserve Chair Jerome Powell spoke at the "Innovation Summit" hosted by the Bank for International Settlements.During his talk, he dissed Bitcoin and cryptocurrencies saying they were "…highly volatile and therefore not really useful stores of value, and they're not backed b...Read More
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