For many years now, metals traders and enthusiasts have been patiently waiting for the move in Silver that we feel its eventually going to happen. There is almost a ritual process in the metals market that takes place when a crisis happens. We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/onc...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 11, 2020 "The dead outnumber the living fourteen to one, and we ignore the accumulated experience of such a huge majority of mankind at our peril." Niall Ferguson, Scottish born historian, senior fellow...Read More
By Rob KirbyIn recent interviews I have "borrowed" a descriptive I originally heard from Chris Martenson explaining the effect of compound interest and exponential growth. The descriptive involved picturing Yankee Stadium and beginning with a drop of water and doubling the amount of water until the stadium was full. Regarding the compounding visual - I misspoke somewhat when I originally exp...Read More
By Stefan GleasonThe forces of deflation and inflation continue to tug at the economy simultaneously.The pressures on both sides are huge.On the deflation side, jobs, industrial demand, and the small business lifeblood of communities are contracting at an unprecedented pace. Meanwhile, trillions in credit card, auto, student loan, and mortgage debt that props up consumer spending and home values...Read More
Strengths? The best performing metal this week was silver, up 3.34 percent. Gold rebounded on Thursday to steady around $1,700 an ounce as economic data worsened. Unemployment surged to nearly 15 percent in the U.S. Bloomberg notes that the number of Americans filing for unemployment was above 3 million for the seventh straight week, boosting demand for havens as the economic sit...Read More
The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the US or those who (used to) work in the catering and tourism industries.The Fed is reacting to this situation by working to create hyperinflation because it finds it preferable to a deflationary implosion. There are two reasons for this - on...Read More
By Gary TanashianAs we noted in March while it was happening the sentiment environment became terror-stricken. Not fearful. Not over-bearish. Not even a contrarian extreme. Market sentiment was marked by full frontal terror as indicator after indicator (ref. Sentimentrader's historic readings week after week) got slammed to epic over-bearish proportions.Into the breach sprang the Treasury (i.e....Read More
By Richard (Rick) MillsCleaner skies owing to covid-19 lockdowns appear to be the silver lining of the global economy crashing to a sudden halt in March. In fact new evidence shows that high-polluting energy sources were on the wane, even before the coronavirus pandemic. According to the International Energy Association (IEA), fossil fuel usage in electricity generation dropped by 245 tera...Read More
COLORADO SPRINGS, CO, May 11, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ?EUR' Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced multiple ore grade intercepts from its phase two drill program at the "Scarlet" target located 400 meters northwest of its operating Isabella Pearl mine in Mineral County, Nevada (see map). Near surface ore grade gold intercepts included 12...Read More
Tonight I would like to focus in on silver which remains one of the best bargains in the PM complex right now. When I first became acquainted with the PM complex back in early 2002 I learned quickly that just because gold may have had a good rally sometimes the PM stocks move very little which was confusing to me as I thought they should move in tandem. Then there were other times when the PM stoc...Read More
For many years now, metals traders and enthusiasts have been patiently waiting for the move in Silver that we feel its eventually going to happen. There is almost a ritual process in the metals market that takes place when a crisis happens. We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/onc...Read More
Tonight I would like to focus in on silver which remains one of the best bargains in the PM complex right now. When I first became acquainted with the PM complex back in early 2002 I learned quickly that just because gold may have had a good rally sometimes the PM stocks move very little which was confusing to me as I thought they should move in tandem. Then there were other times when the PM stoc...Read More
For many years now, metals traders and enthusiasts have been patiently waiting for the move in Silver that we feel its eventually going to happen. There is almost a ritual process in the metals market that takes place when a crisis happens. We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/onc...Read More
Tonight I would like to focus in on silver which remains one of the best bargains in the PM complex right now. When I first became acquainted with the PM complex back in early 2002 I learned quickly that just because gold may have had a good rally sometimes the PM stocks move very little which was confusing to me as I thought they should move in tandem. Then there were other times when the PM stoc...Read More
For many years now, metals traders and enthusiasts have been patiently waiting for the move in Silver that we feel its eventually going to happen. There is almost a ritual process in the metals market that takes place when a crisis happens. We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/onc...Read More
The battle between Elliott waves and supply/demand forecasting approach continues In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever.This chart captures crude's three-month, 80%-plus nosedive to 3-decade lows. (Price data as of May 1, 2020 and does not reflect the unprecedented April 20 plunge into negative territory at -$40.32. Yes, minus $...Read More
$2,000, $5,000 or even the Jim Rickard’s $50,000 as the next target for gold. How realistic are these figures – could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn. The first quarter of 2020 was clearly positive for the gold market, as the chart...Read More
Gold-backed exchange-traded funds (ETFs) and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies without considering the true risk associated with many aspects of holding non-tangible assets. Gold ETFs are units representing physical gold in paper or dematerialized form, which is...Read More
The battle between Elliott waves and supply/demand forecasting approach continues In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever.This chart captures crude's three-month, 80%-plus nosedive to 3-decade lows. (Price data as of May 1, 2020 and does not reflect the unprecedented April 20 plunge into negative territory at -$40.32. Yes, minus $...Read More
$2,000, $5,000 or even the Jim Rickard’s $50,000 as the next target for gold. How realistic are these figures – could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn. The first quarter of 2020 was clearly positive for the gold market, as the chart...Read More