Sep 17, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
Outcrop Gold reported it has drilled 0.95 meters of 10,784 grams per tonne silver equivalent at its wholly owned Santa Ana project in north Tolima, Colombia. Outcrop Gold Santa AnaIn a news release, precious metals explorer and prospect generator Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced assay results from drilling on its 100%-owned Santa Ana project in north Tolima, Colombia...Read More
Bob Moriarty of 321gold explains why he is confident the company will hit copper with its new drill program. GSP Resource Corp. (GSPR:TSX.V; GSRCF:OTCBB) put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck's Highland Valley Mine. When I read the press release...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More
Sep 15, 2020 Guest(s): Pierre Lassonde Chairman, Franco-Nevada Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada. Lassonde retired from the board of Franco-Nevada this year, but is still a...Read More
Precious metals expert Michael Ballanger discusses the correlation between stock tips and market bubbles. There is a great story surrounding the late Joe Kennedy, father of former U.S. president John F. Kennedy, and a Wall Street robber baron of the highest order. A dedicated market player in the 1920s, as rumor (or myth) would have us believe, one fine morning in late September 1929, he was havi...Read More
Sep 16, 2020 Guest(s): Eric Fier CEO & Director, SilverCrest Metals Gold and silver's extraordinary bull-run in the last few months is attracting many new investors to the marketplace. For one mining CEO, the best advice he can give to these generalists is to pay attention to management teams. In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals Summit, E...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More
(Refiling Sept 13 story to fix typo in 13th paragraph)HOUSTON, Sept 13 (Reuters) - Tropical Storm Sallystrengthened off the west coast of Florida on Sunday and waspoised to become a category 2 hurricane, bringing the threat ofdangerous storm surges and high winds to the U.S. Gulf Coast,the National Hurricane Center (NHC) said.The storm track was disrupting oil production in the U.S.Gulf of Mexico...Read More
We have to keep our eyes on the biggereconomic cycle. It helps in maintaining a proper perspective, and putting moreemphasis on the bigger prize rather than the day to day movements.The historical relationship between silverand the stock market provides great insight as to where we are currently inthis cycle. Traditionally, the best part of silver rallies come after asignificant Dow peak.From prev...Read More
The U.S. stock market plunged last week. Will gold follow suit?Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (entering a correction territory), below 11,000, as the chart below shows. It was the tech sector’s worst drop since the end of March, i...Read More
Inmid-march, just as the coronavirus was gaining momentum, the price of goldbegan to rise. After trading sidewaysfrom 2015 to 2019, gold rose from a low of $1,471 in mid-March to $2,069 onAugust 6th, a spectacular 40% rise in five months.Duringthat same period, silver rose from $11.94 to $29.14 on August 6th,an even more spectacular 114% increase. Threedays later, on August 9th, as gold and...Read More
We have to keep our eyes on the biggereconomic cycle. It helps in maintaining a proper perspective, and putting moreemphasis on the bigger prize rather than the day to day movements.The historical relationship between silverand the stock market provides great insight as to where we are currently inthis cycle. Traditionally, the best part of silver rallies come after asignificant Dow peak.From prev...Read More
The U.S. stock market plunged last week. Will gold follow suit?Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (entering a correction territory), below 11,000, as the chart below shows. It was the tech sector’s worst drop since the end of March, i...Read More