Aug 18, 2020 Guest(s): Ole Hansen Head of Commodity Strategy, Saxo Bank The gold price is managing to hold on to $2,000 an ounce but after last week's sharp selloff the market could use some consolidation to allow investors to get comfortable with current prices, according to one market analyst.In an interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he is...Read More
Adam HamiltonArchivesAug 14, 2020 The major gold miners' stocks have skyrocketed since mid-March's stock panic, attracting in a deluge of new capital inflows. That recently catapulted this normally-contrarian sector to extremely-overbought levels, necessitating a rebalancing correction. The gold miners are just finishing reporting their operating and financial results from the challenging last qua...Read More
Defense Metals reports that test results show large-scale bulk sample flotation processing of its REE deposit material is viable. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release the remaining results of flotation pilot plant processing of the bulk sample from its Wicheeda rare earth elements (REEs) project near Prince George, British Columbia. "We continue to b...Read More
The triumph of the gold bulls has finally come, as gold jumped above $2,000. But what’s next for the shiny metal?Well, that escalated quickly! At the end of July, when gold was still below $1,900, I went on a short vacation, and when I’m back, the yellow metal is above $2,000. Whoa, it was a real blitzkrieg! Just please take a look at the chart below – as you can see, gold soared...Read More
Aug 17, 2020 Guest(s): Frank Holmes CEO, U.S. Global Investors However you look at it, gold's long-term fundamentals remain bullish, owing to a world that is unlike anything we've seen before, said Frank Holmes, CEO of U.S. Global Investors."I think all those [bear case] suggestions, if you look at the evidence, are pretty weak. It's a very different world," Holmes said. "People complained about...Read More
Marc feels, "The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time... and by a long-time... years."Time Stamp References:1:10 - Recovery and risks.2:40 - Long-term Fed Policy consequences.8:20 - Fed paving the way for more socialism.11:10 - Money printing, asset prices, and unemployment.14:50 - Contrasting China Vs. the Wes...Read More
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates, we hope to illustrate that the man being propped up on the global stage and sold to the people as their savior, is anything but. Continue...Read More
Bob Moriarty ArchivesAug 14, 2020Depending on which liars you listen to, we have had the Wuhan/Covid 19 flu for about 9 months. In that time we should have learned a lot. The quality of our data should be better now than it was back in February/March. Alas I think the opposite is true. We are being lied to more and more every day.There is some kind of flu that probably came from Wuhan that may or...Read More
Liberty Gold continues two drill programs at its flagship Black Pine project in Idaho. Liberty Gold Black PineLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) recapped in a news release its financial and exploration events during the first six months of calendar year 2020. The Vancouver-headquartered company closed the sale of its Halila??a porphyry copper-gold deposit in Turkey and for it received the...Read More
Silverpricesaren’t just rising; they’re erupting!Silver has been ascendingat a far steeper rate than the climactic move of 2010-2011 which brieflybrought prices back up to all-time nominal highs.Adding a 20-week rate ofchange (ROC) indicator to the silver futures chart below shows prices gaining122.4% over that period – far exceeding the rate of ascent of the last bigsilver spike...Read More
Richard Duncan is an author & economist who has worked as an equities analyst in Hong Kong, served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in...Read More
Peter Epstein of Epstein Research profiles Portofino Resources, including its two high profile gold projects in Ontario, one with an 18 g/t gold grab sample discovery. Gold recently blasted through $2,000/ounce (oz). The spot price traded as high as $2,073/oz on Aug. 6, ~$150/oz above its 2011 all-time (nominal) high. Precious metals juniors have responded with big moves. Make no mistake, I reali...Read More
Underground mining at MAG Silver's joint venture project is expected to commence soon. In a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) presented its operational and financial highlights of Q2/20, which ended June 30, 2020, and afterward.On June 1, 2020, immediately after the Mexican government lifted its Covid-19 mandate on May 30, work was restarted at Juanicipio, a joint venture proje...Read More
Tonight lets take a look at the bad boy of the PM complex, silver. If you’ve been following silver for any length of time then you know it can be aggravating at times as we’ve seen fairly recently when gold and the PM stocks have been running pretty hot to the upside while silver just sat there doing its job of frustrating as many investors in the PM complex as it could. Finally, three...Read More
When aggregatedemand contracts, debts default, credit tightens, the velocity of money plunges,deflation ensues and capital, i.e. circulating credit and debt, is destroyed.In the extreme state of hyper-deflation, central bankers try to offset fatallyaccelerating capital destruction by creating even more money to replace thatwhich is being destroyed.TheUnited States printed more money in June than i...Read More
Disclaimer: The following is my opinion and is not intended as investment advice. I don’t know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.I have been waiting for Silver to take off since 2005 when I was sure the economy and the dollar were going to collapse. [1]The economy should have g...Read More
Following the July 08, 2020 Market Minute titled: What is driving gold up?. We highlighted the main factors pushing gold prices upward. Are those factors still there? And if so, how much further is the precious metal going to rise (Chart 1)? One of the main reasons gold prices are advancing is due to the prolonged decline in U.S. Treasury bond yields (Chart 2). The yellow metal prices started the...Read More
Former Barrick Gold Executive with Proven Track Record as Mine Builder and OperatorELKO, Nev., Aug. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. George Bee has been appointed as President.Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He...Read More
Ely Gold Royalties purchased these properties from prospector Ken Snyder. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release that through its subsidiary, Nevada Select Royalty, it agreed to acquire three net smelter returns (NSR) royalties on Nevada properties from prospector Ken Snyder for a total consideration of $350,000 in cash. The transaction is expected t...Read More
Magna Gold plans to commence exploration and drilling at the property immediately. Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) entered an agreement to acquire from a private party 100% interest in the Los Muertos silver-gold project in Sonora, Mexico, it announced in a news release."Los Muertos exactly fits into our exploration pipeline profile," Magna Gold President and CEO Arturo Bonillas said in...Read More