Andy Schectman, proprietor of Miles Franklin, one of the nation's largest bullion dealers joined us. He experienced a massive surge in business during February and March. This resulted in huge premiums of $10 per ounce for silver and nearly $100 per ounce for gold. And Andy assures us that we ain't seen nothing yet. With social unrest reaching new heights and massive stimulus racking the value of...Read More
The U.S. Federal Reserve and central banks around the world appear to have the printing presses going full tilt these days.This has fueled the greatest "V recovery" any buy the dip investor could have asked for.Continue...Read More
Vietnam's steelmakers exported huge volumes of steel to China in the first five months of 2020, according to statistics from the Southeast Asian country's customs agency.A total of 570,410 tonnes of Vietnamese iron and steel products were shipped to China in the January-May period, more than eight-and-a-half times of just 66,069 tonnes in the same period of 2019, the data shows.Steel billet produc...Read More
Recovered COVID-19 patients are confusing doctors with complaints of freak pains, lung issues, and a range of incapacitating psychological issues.Continue...Read More
The Federal Reserve on Sunday showed that it is buying bonds from Apple, Walmart, Jack Daniel's and ExxonMobil, among others.Continue...Read More
The Federal Reserve bought bonds issued by some of the wealthiest companies in the world, including AT&T, UnitedHealth Group and Walmart.Continue...Read More
"At the level we have priced remdesivir and with government programs in place, along with additional Gilead assistance as needed, we believe all patients will have access." Continue...Read More
"80 percent of this waste still goes to landfills chiefly because of the lack of selective, high-yield, noncyanide recovery procedures." Continue...Read More
Silver Eagle premiums have fallen from the highs over the past 4-6 weeks. However, 2020 Silver Eagle premiums from the leading online Continue...Read More
Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc's blockchain-based platform. The platform, which was launched in October 2019, aims to improve efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.MineHub said the trade marks the fi...Read More
Recent results from Troilus Gold's drilling of its Southwest zone are discussed in a Haywood report. Troilus GoldIn a May 14 research note, Haywood analyst Pierre Vaillancourt wrote that at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec, the Southwest zone shows mining potential.This is the case in part, he indicated, because recent drill results showed the Main zone of Sou...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market. Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during th...Read More
European prices for vanadium pentoxide (V2O5) and ferro-vanadium continued to fall in the week ended Friday June 26 under pressure from weak end-user demand, with V2O5 prices dropping by 7%.Fastmarkets assessed the price of vanadium pentoxide, 98% V2O5 min, in-whs Rotterdam, at $5.10-5.50 per lb on Friday, down from $5.15-6.25 per lb in the previous week. The market was now at its lowest for three...Read More
Bob Moriarty of 321gold discusses why he believes this new company can succeed with this gold mine while its predecessor could not. Yesterday I promised I would be boring so here it is. We are in a depression. The Fed is doing the opposite of the right thing. They are destroying the currency. Their stupidity will take down the stock market as well as the bond market and leave most of the 99% brok...Read More
Sector expert Michael Ballanger breaks down the Canadian government's monetary policies, and offers an anecdote drawing correlations between positioning in gold now and positioning in gold in the 1970s, before the commodity's "parabolic" ascent. As I sit here on a Thursday evening, contemplating the logic behind my most recent additions to a highly tentative short position on the SPY:US (the exch...Read More
Technical analyst Clive Maund discusses the price of gold in various currencies and what he believes is ahead for gold, the U.S. dollar and the stock markets. We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bull market, which is another way of saying that these currencies are losi...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
What do snapping turtles and long-time investors have in common? Sector expert Michael Ballanger explains.The Weekly Missive, which usually arrives over the weekend (sometimes on Friday, sometimes on Sunday) was delayed this weekend for one reason: I had to change it.I started out last week with an idea that was leaning in the direction of full-on capitulation in the sense that this latest, three-...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More