Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More
Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big gold-futures-buying f...Read More
"I think there will be a full monetary system reset after the world has had enough of Jay Powell and his digital printing press."By: Dave KranzlerThe alleged gold flow into the Comex and amount of gold for which contract longs are taking "delivery" is at a historical extreme. I use "delivery" because "taking delivery" means being assigned an electronic warrant that records ownership transfer of...Read More
- Gary TanashianGold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low t...Read More
Richard (Rick) MillsDonald Trump appears to have torn a page from Ahead of the Herd's manual for recharging the US economy. In an earlier article we said what the global economy really needs, in this low-growth, spending-stalled environment brought about by the pandemic, is a push - something big that will attract huge amounts of investment, and workers. As we have suggested, this could be...Read More
By: Ira EpsteinGold daily bar-chart, you can see a wedge formation:Read More
Use a buy on sharp dips strategy today in gold and silver for next week. Traders will start taking positions for third quarter. I am bullish on gold and silver in July to September period. Only crashing risk (to gold price) is US June nonfarm payrolls on 3rd July comes in positive. 4th July, American Independence day will start the US summer holiday which will end on second week of September. CO...Read More
By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More
By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Bob Moriarty ArchivesJun 18, 2020We are in a depression. Don’t let the idiots buying Tesla at a new high and pumping money into bankrupt Hertz lead you into believing we are in some new economic paradigm. We aren’t. The crash will resume soon and some day shortly down the road Americans are going to be presented a bill for the orgy of money hurling being done by the Fed. The butcher&rs...Read More
Dear Friend of GATA and Gold:In a discussion with your secretary/treasurer this week, London metals trader and Kinesis Money founder Andrew Maguire says longtime metals bank Scotiabank is not only closing its metals trading desk but getting out of the vaulting business and all involvement with gold. Maguire says Scotiabank's withdrawal is a "forced regulatory decision," puts in doubt the resolut...Read More
By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More
David Haggith "Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a "V"-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels ... we experienced just a mere four months ago. Seeking AlphaThat was actually the point of my recent article that unfortunately became, in the comments, all about my disc...Read More
By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Black Tusk Resources reported that it has begun preparations for a 3D IP Survey on the McKenzie East Gold Project. In a news release, gold development company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that "the company has begun preparation for the 3D Induced Polarization (IP) survey on the McKenzie East gold property located north of Val d'Or, Quebec." The firm noted...Read More
Azarga Metals CEO Michael Hopley speaks with Peter Epstein of Epstein Research about exploration at the company's silver-copper project in Siberia and the resource estimate that will be released in the next few weeks. WOW. What a three months it's been. Things appear to be relatively better now, but I was very worried. At its worst, four major U.S. stock market indexes were down an average of 37....Read More
Ely Gold aims to emulate the early years of today's royalty majors. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB; I4U:FSE) features a unique business model: in addition to purchasing royalties outright, it engages in royalty generation, which is acquiring properties mostly through staking, optioning them out and retaining a royalty when the sale is completed. Ely Gold's market cap, around CA$2...Read More
Bob Moriarty of 321gold awaits results from this explorer's drill program. The market was waiting for definitive news from Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) about their upcoming drill program at Tonopah West. On the 17th of June the market got it and liked it a lot. The shares were up 18% on the day and 50% over the past three weeks.Investors have been waiting patiently for assay re...Read More