At last, crudeoil moved a bit higher, so you might be asking yourself if the trend hasreversed or is this just a pause before the moves continue.In short, wethink the latter is much closer to the truth. The fact remains that in a global andhyperconnected economy such as today, no market can sustain completeindependence of the rest of the world. Crude oil, as the most versatilemarketplace commodity...Read More
Bob Moriarty ArchivesSep 19, 2020Many years ago before I got too old and too lazy to go to gold shows, one of the other fellows running a gold site came up to me grinning as he told me his site had just started to exceed 321gold in hits. That was his goal. He wanted more visitors than what we got. I asked him why I should give a damn. We didn’t want tons of visitors. We wanted serious invest...Read More
Adam HamiltonArchivesSep 18, 2020 Gold has been consolidating high since early August, when it rocketed parabolic on colossal gold-ETF demand. That 6-week-old sideways drift has worked off some greed and overboughtness, but plenty still remains. So gold isn't out of the woods yet for this essential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerable d...Read More
The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expec...Read More
The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expec...Read More
Sep 21, 2020 Guest(s): Phillip Streible Chief Market Strategist, Blue Line Futures Both the equities markets and gold are seeing a sell-off on Monday, with a combination of a strong dollar and political factors behind the push downwards, said Phil Streible, chief market strategist at Blue Line Futures."The dollar index is coming up, it actually broke up to the upside. That's going to weigh on co...Read More
Sep 21, 2020 Guest(s): Andr?(C)e St-Germain CFO, Integra Resources The flow of capital into the mining sector saw a new trend; a wave of investors who have previously not been involved in the precious metals sector, said Andree St-Germain, CFO of Integra Resources."It looks like every mining company right now can actually raise equity. Investors are definitely looking for leverage to rising prec...Read More
The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expec...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
Sep 19, 2020 Guest(s): Shaokai Fan Head of Central Bank Relationships, World Gold Council Central bank gold demand has been slowly declining through 2020, with July net purchases falling to their lowest level since December 2018. However, the World Gold Council said this sector remains an essential pillar of support for the gold market. WGC said that foreign exchange reserve data from the Intern...Read More
Sep 20, 2020 Guest(s): Joe Mazumdar Editor, Exploration Insights The junior exploration sector has seen a flood of investment capital in the last few months as gold prices have pushed to record highs; according to one analyst, the industry remains undervalued and there is further investment potential. In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals S...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
* GRAPHIC-2020 asset returns:* Low LME inventories cap copper's losses * Copper still close to two-year high (Updates prices)By Zandi ShabalalaLONDON, Sept 17 (Reuters) - Copper prices were steady inchoppy trade on Thursday as high levels of U.S. unemploymenttook the steam out of a dollar rally a day after an upbeatreading of economic recovery in the world's top economy.Benchmark copper on the Lon...Read More
Bob Moriarty ArchivesSep 17, 2020I don’t think most investors understand the extent that the well-led resource companies have cashed up in anticipation of far higher prices for gold and a renewed interest in mining by the general public. The actions of the Federal Reserve and all central banks pouring bales of $100 bills onto a bonfire pretty much guarantee the end of fiat currencies, higher...Read More
Peter Epstein of Epstein Research delves into this company's exploration plans in Colombia. Five weeks ago, gold hit an all-time high of US$2,073/oz. Since then, it's down 6.2% to US$1,944/oz. (still above 2011's record level). Yet, based on the share price declines in some well-known juniors, one would think gold was down 2-3 times as much.Apollo Gold is down 52% from its recent high, Evergold C...Read More
Goldcliff Resource Corp. reported it signed an option and arranged financing to purchase a 100% interest in a new discovery of epithermal mineralization near Rock Creek, British Columbia. Kettle ValleyVancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB), in a news release reported that it signed an option to purchase a "100% interest in a new discovery of epithermal mineralization, 3...Read More
Group Ten Metals continues drilling at its polymetallic Stillwater West property in Montana's Stillwater Mining District. Stillwater West PGE-Ni-Cu Project - 2019 DrillingIn a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced that the nearly completed induced polarization geophysical survey of its Stillwater West property in Montana "produced impressive results" and...Read More
Sep 18, 2020 Guest(s): Ronald-Peter Stoeferle Managing Partner, Incrementum Gold's current consolidation period is helping to remove some froth from the market, letting sentiment catch from the strong momentum seen this past summer that push prices to $2,000 an ounce, according to one fund manager. Although gold is caught in a trading range between $1,900 and $2,000, Ronald-Peter Stoeferle, mana...Read More
Sep 19, 2020 Guest(s): Darren Blasutti CEO, Americas Silver Corp. The rapid rise of gold and silver prices have caused valuations from miners as well as their exploration budgets to expand, but the industry is yet to see its full potential as the lockdowns have prevented silver companies from generating free cash flow the way they should be, said Darren Blasutti, CEO of Americas Gold and Silver....Read More