* Shanghai shares hit five-year high on service sectorrecovery * U.S. payrolls jump 4.8 mln but hurdles lie ahead * European markets have subdued end to week * Copper on best weekly run in nearly three years * Rising U.S. COVID-19 cases threaten U.S. recovery * Graphic: World FX rates in 2020* By Marc JonesLONDON, July 3 (Reuters) - World shares stalled near afour-month high on Friday and the indu...Read More
Bob Moriarty ArchivesJul 3, 2020I fully approve of garimpeiro miners. Rarely can they read and write. They can live under conditions that the majority of us could never handle. They mine in a totally different way than do the junior resource companies in the space. They all make money. That’s right, 100% of garimpeiro miners make money regardless of what the price of the commodity is. They h...Read More
Bob Moriarty of 321gold does the math on the two companies. WingdamOmineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) will be in production shortly at the Wingdam project on Lighting Creek in BC. They are being very quiet about it but it's happening. That's a big deal and why the shares have shot from $0.15 in the middle of May to a high of $0.70 on July 2, 2020. Tom MacNeill as President...Read More
Formulating a Trend ForecastIt is clear that Silver is NOT Gold, so NOT to make the mistake of looking at what Gold has done and thinking Silver will replicate that move, it rarely does! At best Silver tends to play catchup towards the end of precious metals bull trends.Silver is in a strong bull trend off the March low that is targeting resistance at $19 and then $20, beyond which lies $21. The b...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market.Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during the...Read More
Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold’s strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currencies, has not broken out...Read More
We all fear the second wave of infections. But the U.S. hasn’t evencontrolled the first one! Bad news for Americans, but good news for gold. Please take a look at the chart below. As you can see, the epidemiological situation in the UnitedStates does not look well. The number ofnew daily confirmed Covid-19 cases has been rising again since mid-June,which means that coronavirus is far from be...Read More
Formulating a Trend ForecastIt is clear that Silver is NOT Gold, so NOT to make the mistake of looking at what Gold has done and thinking Silver will replicate that move, it rarely does! At best Silver tends to play catchup towards the end of precious metals bull trends.Silver is in a strong bull trend off the March low that is targeting resistance at $19 and then $20, beyond which lies $21. The b...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market.Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during the...Read More
Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold’s strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currencies, has not broken out...Read More
We all fear the second wave of infections. But the U.S. hasn’t evencontrolled the first one! Bad news for Americans, but good news for gold. Please take a look at the chart below. As you can see, the epidemiological situation in the UnitedStates does not look well. The number ofnew daily confirmed Covid-19 cases has been rising again since mid-June,which means that coronavirus is far from be...Read More
Formulating a Trend ForecastIt is clear that Silver is NOT Gold, so NOT to make the mistake of looking at what Gold has done and thinking Silver will replicate that move, it rarely does! At best Silver tends to play catchup towards the end of precious metals bull trends.Silver is in a strong bull trend off the March low that is targeting resistance at $19 and then $20, beyond which lies $21. The b...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market.Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during the...Read More
Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold’s strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currencies, has not broken out...Read More
By: Ira Epstein Gold price fell on Wednesday and markets will be jump with holidays starting. What to look out for price action wise:Read More
Technical trend after the release of US June nonfarm payrolls is the key. Tomorrow's US Holiday will not have any impact on trading volumes etc. No one is sleeping in the pandemic. Fomc minutes continued to accommodative monetary stance and uncertain economic outlook. Bond yields were also looked into. Impact on gold, silver and US dollar Index by FOMC Minutes: Jobs creation will be the key to...Read More
* Miners buried under wave of mud and water * Survivor heard people yelling 'run, run!' * Global Witness laments 'preventable tragedy'(Updates death toll, adds detail, context)July 2 (Reuters) - A landslide at a jade mine in northernMyanmar killed at least 126 people, with more feared dead,authorities said on Thursday, after a heap of mining wastecollapsed into a lake and buried many workers under...Read More
*This interview was recorded on June 26thJim Rogers, renowned investor and financial commentator, discusses current market themes amid the COVID-19 pandemic. Where is the US Dollar, gold, and silver headed given the expansive monetary policies aimed at combating virus-induced economic fallout? Will the Euro move beyond its current problems in relation to the conflict between the ECB and Germany's...Read More
Today marks a grim milestone as the world crosses the 10 million covid-19 cases threshold, as well as half a million dead from the virus.And the counts keep rising.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.co...Read More