Corrections in Gold and Gold Stocks are completely normal in an inflationary macro market phaseSee also The Normalcy of Gold posted on February 16.Every week I notice the agony ratcheting up incrementally. While the rest of the casino takes off to the speculative heavens, gold sits on its heavy ass and the gold miners go nowhere in a downward-biased perma-correction. Or so it seems. It’s all...Read More

When a trend is strong, related markets tend to move in unison.However, when a trend is near exhaustion -- either bullish or bearish, "non-confirmations" often occur. This is when one market continues to rise (or fall), but a related market does not.As a case in point, the Feb. 3 U.S. Short Term Update, an Elliott Wave International thrice weekly publication which provides near-term forecasts for...Read More

Attention in the metals markets shifted this week fromsilver to copper and platinum. While big moves in silver and gold prices maybe coming down the road, the monetary metals are currently taking a back seatto electrical and automotive metals.A massive push by the Biden administration to replacegasoline vehicles with electric vehicles is helping to crank up demand forcopper. Anything involving ele...Read More

Tesla has supported the price of Bitcoin, but it can affect gold as well.The bull market in cryptocurrencies continues. As you can see in the chart below, the price of Bitcoin has recently increased to almost $47,000 (as of February 10). The parabolic rise seems to be disturbing, as such quick rallies often end abruptly. However, it’s worth noting that the price of Bitcoin has partially jump...Read More

The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.But nowhere has this change been as dramatic as the transport industry, w...Read More

The world is awash in debt, an immense, unfathomable ocean of financial obligations. The stack of IOUs is so enormous, the balances so large, they will never be fully settled without dreadful consequences to the global economy. This tsunami of debt was unleashed in 1971, when Nixon ended the backing of the US dollar with gold.Since 1971, US debt and gold price have increased greatly. Traditionally...Read More

If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level.  What you may not have noticed with this breakout move is that commodities are hot – and inflation is starting to heat up.  What does that mean for investors/traders?Daily Platinum Chart Shows Clear Breakout Tren...Read More

Peter Krauth, editor of Gold Resource Investor, explains why corporate America is beginning to see gold as a necessary reserve asset. Yellen is Treasury Secretary. Powell is Fed Chair. And Sanders is head of the Senate Budget Committee. Most of the time, it's impossible to tell the future. But there are exceptions. Right now, there's no room left to read between the lines. The goals, and outcome,...Read More

Gold and silver aren’t the only viableplays in the metals space – and they aren’t currently the leaders.On Wednesday, both copperand platinum rallied up to multi-year highs. Rhodium, meanwhile, currentlycommands $21,000 per ounce – yes, per ounce – making it one of the mostvaluable elements on the planet.What’s driving these“energy” metals? Besides o...Read More

After a frenzy of Reddit inducedactivity that captivated everyone, silver painfully gave back what it gained.What’s next for the white metal?As the precious metals’ version of moralhazard, silver tipped over the flowerpot, and left gold to clean up the mess.After silver’s short squeeze mania ended in tears on Feb. 2, the white metalgave back 97% of its squeeze -induced gains. Con...Read More

Stocks keep cooling off at their highs, and calling for acorrection still seems to be many a fool‘s errand. Does it mean all is fine inthe S&P 500 land? Largely, it still is. Such were my yesterday‘s words: (…) It‘s still strong the stock market bull, and standingin its way isn‘t really advisable. With the S&P 500 at new highs, and theanticipated slowdown in...Read More

The Roraima state bill legalizing garimpo prospecting, if signed into law by the governor, could put the Yanomami reserve and other Indigenous territories at greater risk of invasion and COVID-19 infection.Read full newsRead More

Warren Buffett’s recent foray into gold via his purchase of Canadian gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) was an interesting one, to say the least.Buffett has steered away from gold during his investing career. Only recently has he ventured into Barrick, adding a position last year. However, since this addition last summer, shares are down approximately 25%. Buffett has als...Read More

While many have been procrastinating and waiting for another crash, markets reached record highs. The economic recovery and earnings growth could continue to push TSX stocks higher in 2021. So, if you are sitting on some extra cash, here are three Canadian stocks to invest in for the long term.Maxar TechnologiesThe government and allied companies dominated the space technology domain for years. Ho...Read More

Of all my top picks, perhaps none have performed more poorly than Kirkland Lake Gold (TSX:KL)(NYSE:KL) recently. This Canadian gold miner is having a hard time right now, as investors have moved away from investing in gold. I think there are reasons for this. Accordingly, I’ll discuss why my outlook is still very bullish on Kirkland Lake and why I think investors should buy the dip...Read More

Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More

Copper closed up 4.36% to US$8,946.75 per tonne on the London Metal Exchange.Inventories of copper in warehouses registered with the LME are near 2005 lows at 75,700t, Reuters reported.Copper majors made strong gains and reached one-year highs on Friday.Freeport-McMoRan jumped 9.81% in New York to close at $37.49, having reached a 52-week peak intraday of $37.68.Chile-focused producer Antofagasta...Read More

Here are five Fastmarkets stories you might have missed on Friday February 19 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on February 19 after being forced to stop output at its steel unit...Read More

Pelangio Exploration Inc. (PX: TSX-V; PGXPF: OTC PINK) is exploring large land packages on world-class gold belts in Ghana and Canada, two of the world's most favorable gold jurisdictions. In Ghana, Pelangio owns three properties: the Manfo Property, which is a camp-sized project and the site of seven near-surface gold discoveries; the Obuasi Property adjacent to AngloGold Ashanti's prolific high-...Read More

Cassiar Gold Corp. (TSX.V: GLDC, OTCQB: CGLCF) is a Canadian gold exploration company, focused on their 100% owned Cassiar Gold Project in British Columbia. The Cassiar Gold Project is a large, advanced-stage, road-accessible, surrounded by great infrastructure, near-surface gold property, with a two-year old NI 43-101-compliant resource estimate of 1M oz at 1.43 g/t Au at the Taurus bulk-tonnage...Read More