The U.S. and China are in dispute over the coronavirus originsDow Jones Industrial Average (DJI) futures are poised to open the week with a triple-digit move below fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also bracing for sharp losses, as investors eye a crumbling airline sector, grounded after Warren Buffett's Berkshire Hathaway dumped all of its airline s...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-1, 2020$AEM, $ASR.TO, $ALIAF, $AGI, $CG.TO, $CAGDF, $EGO, $EQX, $FSM, $LIO.V, $LOMLF, $LUG.TO, $FTMNF, $NCMGY, $NCM.AX, $MAG, $MTA, $NUAG.V, $NUPMF, $NEE.V, $NHVCF, $OGC.TO, $OCANF, $OR, $OSK.TO, $OBNNF, $PVG, $SA, $SVM, $SILV, $TXG.TO, $TORXF, $AUYAgnico-Eagle: Reported Q1 2020 financial results as well as new 2020 produ...Read More
Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More
By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More
April marks a second month of truly extraordinary developmentsin markets – from negatively priced crude oil futures to a record spike inunemployment claims to a lockdown-defying rally in stocks. The financial media is touting the S&P 500’s surge of morethan 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chu...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-1, 2020$AEM, $ASR.TO, $ALIAF, $AGI, $CG.TO, $CAGDF, $EGO, $EQX, $FSM, $LIO.V, $LOMLF, $LUG.TO, $FTMNF, $NCMGY, $NCM.AX, $MAG, $MTA, $NUAG.V, $NUPMF, $NEE.V, $NHVCF, $OGC.TO, $OCANF, $OR, $OSK.TO, $OBNNF, $PVG, $SA, $SVM, $SILV, $TXG.TO, $TORXF, $AUYAgnico-Eagle: Reported Q1 2020 financial results as well as new 2020 produ...Read More
Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More
By Avi GilburtThe title to this update is likely the most repeated phrase you have heard over the last month from market participants and analysts alike. As more and more bad economic news is presented through the media, somehow, the market just keeps grinding higher.I think this picture taken from one of Jim Cramer's shows expresses the disconnect best:Doesn't the market understand what everyon...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More
By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More
Bob Moriarty ArchivesMay 4, 2020I like to read. I read fast and that helps. I can’t quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be noise, meaningless crap...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 4, 2020 "COVID-19. A pandemic or a surveillance and banker's dream? Anthony T. Hincks, aka Anthony Hawes, author, An Author of Life, Volume 1, and many more "Who benefits from all the money that is b...Read More
StrengthsThe best performing metal this week was platinum, off slightly by 0.32 percent, with investors increasing their bullish platinum outlook to the highest in three weeks. Retail investors can't get enough of gold coins. Consumers typically pay a little more for gold coins than the per-ounce prices quoted on financial markets in London and New York. That premium has surged to $135, more tha...Read More
By Keith Weiner The price of gold dropped $29 and the price of silver dropped $0.27. We'll get back to where we think the prices are likely to go in a bit. In recent Reports, we've looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis. As an aside, we continue to see articles that get the high gold b...Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More