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
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
Adam HamiltonArchivesSep 11, 2020 The big gold-ETF buying that catapulted gold higher into early August has gone missing in action. That's why gold stalled out since, drifting sideways flirting with a correction. To continue powering higher, gold needs these major stock-market-capital inflows via exchange-traded funds to resume. The near-term fortunes for the precious-metals complex are heavily de...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More
MAG Silver Corp. reported it has entered into an agreement to consolidate and acquire 100% of the Deer Trail CRD Project in Piute County, Utah. MAG Silver Corp. (MAG:TSX; MAG:NYSE A) announced in a news release, that it has executed an agreement to "consolidate and acquire 100% of the silver-rich Deer Trail Carbonate Replacement Deposit (CRD) project in Piute County, Utah." The firm advised that...Read More
A-Mark Precious Metals shares traded 22% higher after the firm announced FY/20 financial results that included a 96% YoY increase in Q4/20 revenue and a special dividend of $1.50 per share. Full-service precious metals trading company A-Mark Precious Metals Inc. (AMRK:NASDAQ) yesterday announced financial results for the fiscal fourth quarter and full year ended June 30, 2020.The company reported...Read More
Liberty Gold is currently running four drill rigs on the Black Pine property. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that additional results from the third high-grade oxide gold discovery, or D-3 zone, at its Black Pine project in Idaho showed more multiple thick intervals of oxide gold mineralization."The new D-3 zone contin...Read More
Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fun...Read More
Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breath...Read More
RESEARCH HIGHLIGHTS:Breakdown in Crude Oil sparks talk of sub $30 price targets.Initial support likely near $32 to $33.Predictive Modeling suggests deeper price lows may be reached before November 2020.Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 su...Read More
Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.A close below the $1,900 level would carry bearish implications for the near term.Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz. These breakout...Read More
QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold repo...Read More
Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fun...Read More
Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breath...Read More
RESEARCH HIGHLIGHTS:Breakdown in Crude Oil sparks talk of sub $30 price targets.Initial support likely near $32 to $33.Predictive Modeling suggests deeper price lows may be reached before November 2020.Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 su...Read More