Earlier this week, precious metals markets got a surprising Buffettbounce. Legendary investor Warren Buffett isn’t often associated with gold– at least not in a positive way. In the past Buffett has made derisivecomments about the monetary metal. He once quipped that gold “has no utility.” A perpetual optimist on the U.S. economy, Buffett by nature doesn’tlike the mes...Read More
Jack ChanPosted Aug 24, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation has peaked.Speculation has peaked.The divergence as noted may have marked another top. Our ratio is on SELL sig...Read More
There's been a lot of questions and concerns regarding the next most likely outcomes for us both socially and economically. And while I can't tell you exact what's going to happen, I can definitely prepare you for the top 3 scenarios. So today I'm going to show you how to protect yourself from inflation, deflation, and even confiscation.Lynette Zang has held the position of Chief Market Analyst at...Read More
0:00 Introduction1:43 Buffett believes gold price going higher?6:23 Significance of Buffett selling bank stocks?8:19 Timing a new junior gold stock position10:30 Still playing the M&A game?14:39 Gold-ounce-in-the-ground valuation metric16:21 Bulk-tonnage, high-capex gold projects to see positive production decisions this cycle?19:49 Gold market topping indicators23:30 Copper bull market after gold...Read More
Easy money is a curse for capitalism.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...Read More
When we last spoke with Andy he warned of a looming precious metals shortage in the fall, due to the near global mine shutdown caused by Covid 19. "We are at roughly 8 times normal sales at Miles Franklin." Federal indictments against JP Morgan metal traders in March make Andy believe that it's changed landscape. Silver went from around $12 to nearly $30. Gold went to $2000. Bottom line is that pr...Read More
Judge: "America's founding generation... knew their fair share of unwelcome constables."Continue...Read More
In America, power and profit are the only values, and fear is used to maximize them. It seems the bulk of the population never catches on.Continue...Read More
Topics discussed:The uniqueness of the 2020 financial crisisHow the Federal Reserve has been aggressively manipulating the bond marketsThe Wealth Effect' vs free marketsThe current retail stock market 'mania'The only group who can bring bond markets down: The Bond Market VigilantesThe scale and risk of the Federal Reserve's borrowing and money printingImplications of the recent, wild price swings...Read More
The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary Wagner, editor of TheGoldForecast.com."When you've got all of the major central banks getting together, they recognize the need for a long-term plan rather than w...Read More
"We take an oath to protect and defend the Constitution from all enemies, foreign and domestic. And sadly, the domestic enemies to our voting system and honoring our Constitution are right at 1600 Continue...Read More
Powell is expected to unleash more animal spirits this Thursday as he pivots the Fed towards accepting higher levels of inflation.Continue...Read More
"Rational, balanced use of this tool will help to increase the stability of our countries' economies and reduce dependence on US' policies." Continue...Read More
The US foreign policy establishment has for decades been dominated by neoconservative interventionists and falsely-named "humanitarian" interventionists. These people believe that because the United States is the one "exceptional nation," no conflict anywhere in the world could possibly be solved without our butting our noses into it.One of President Obama's few foreign policy successes was to wor...Read More
The general direction for gold and silver will be lower until it is not.Continue...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 25, 2020 The “KISS (Keep it simple, superstar!)” investing principle is important, especially in the gold market. Business owners and stakeholders don’t have a lot of time to be deciphering candlesticks on a gold chart, but there are some easy rules of thumb that can...Read More
Peter Krauth looks at the factors behind the movements in the gold and silver markets. Gold's retreated from a record high above $2,000, and silver's off its own seven-year highs near $30.Is that cause for concern? I doubt it.These have been dramatic surges to new levels, brought on by a combination of low interest rates, historic money-printing raising the specter of inflation, a softer U.S. dol...Read More
Red Cloud raises its target price on Troilus Gold after the release of a new resource estimate. In a July 29 research note, analyst Jacob Willoughby reported that Red Cloud increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$2 per share from CA$1.50 to reflect the updated Troilus project resource estimate. The company is currently trading at about CA$1.25 per share.Willo...Read More
Generation Mining reported it is commencing a 5,000-meter exploration drill program along the western margin of its Marathon palladium-copper project in NW Ontario. In a news release, Toronto-based PGM exploration company Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN.F) announced that "it has contracted Vital Drilling Services to complete a 5,000 meter drilling program along the western marg...Read More
In advancing the asset, Aurania Resources identified targets, conducted studies for water use permits and sampled the soil. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) recapped in a news release its accomplishments during the first half of 2020.The Toronto-based company reported that it has identified copper-silver targets for scout drilling, which will begin at Tsenken N2 and progress to Tse...Read More