Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
The findings will help Nexus Gold's geologists identify targets for future drilling. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) reported in a news release early results of samples taken from its recently acquired Manzour-Dayere gold exploration consession in Burkina Faso. Available results are for 12 samples taken from an active artisanal zone in the 19,053-hectare concession's northeast corner. T...Read More
The Canadian explorer, Galway Metals, hits one of its best intercepts in the company's history. In a news release, Galway Metals Ltd. (GWM:TSX.V) reported results from three highlight holes drilled at its Clarence Stream project in southwest New Brunswick. "Galway's strong drill results demonstrate that Clarence Stream is an emerging new gold district in North America," President and CEO Robert H...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of...Read More
By: Gary Savage I have to laugh at two things:Perma-bears are calling for the end of the bull market. But it is not the end, not yet!Other people are trying to take credit for the crash.The Fed prevented the market from correcting in December and now look..https://blog.smartmoneytrackerpremium.com/ Read More
David HaggithThat didn't take long. Just a month ago, I wrote, "Stock Market More Overpriced and Perilous Than Anytime in History," stating that the market was poised for a big fall because "some of the market's most fundamental valuation metrics are now printing at levels never seen before.... This market is tripping on some pricy hallucinogens."[Note: I've added an end-of-day update to this ar...Read More
By: Ira EpsteinCovid19 is causing panic, but do not panic! Gold, you would think, would be up more, but it is not. $1626.6 is key to short-term to watch as a support zone, but if it goes below then what?Read More
Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
PRIVATE BLOG - Gold for the Close of Feb 2020Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Mar 01, 2020 Guest(s): Chantelle Schieven Research Head, Murenbeeld & Co. Despite gold's recent lackluster performance the price can easily go higher if the Federal Reserve cuts interest rates by 50 basis points at its next meeting, according to Chantelle Schieven, head of research for Murenbeeld & Co. On the sidelines of the Prospectors and Developers Association of Canada (PDAC) 2020 confe...Read More
Mar 01, 2020 Guest(s): Chantelle Schieven Research Head, Murenbeeld & Co. Despite gold's recent lackluster performance the price can easily go higher if the Federal Reserve cuts interest rates by 50 basis points at its next meeting, according to Chantelle Schieven, head of research for Murenbeeld & Co. On the sidelines of the Prospectors and Developers Association of Canada (PDAC) 2020 confe...Read More
LONDON, 28 February 2019 - Data from BullionVault today featured in an update for Bloomberg subscribers on the surge in gold-trading volumes worldwide."Private investors are getting in on the gold action even as the metal falls," says Bloomberg's Terminal - its data and news service for finance-market professionals."Online precious metals storage firm BullionVault says it's seeing 8 times its norm...Read More
By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More
Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More
The Dow entered correction territory earlier todayThe Dow plunged to its sixth straight catastrophic loss today, closing 1,190 points lower -- it's worst single-session point drop in history -- amid mounting fears over the global spread of the coronavirus. Today's fall into correction territory followed President Donald Trump's national address yesterday that failed to calm investor worries over t...Read More
Gold futures gave up earlier gains on Thursday to finish lower for a third consecutive session, as U.S. bond yields traded above the day's lows. The rise in bond yields helped offset support for the metal even as worries about the spread of the COVID-19 epidemic outside of China continued to spark selling in global equity markets. Gold prices are "always sensitive to the outlook for interest rates...Read More
Gold futures gave up earlier gains on Thursday to finish lower for a third consecutive session, as U.S. bond yields traded above the day's lows. The rise in bond yields helped offset support for the metal even as worries about the spread of the COVID-19 epidemic outside of China continued to spark selling in global equity markets. Gold prices are "always sensitive to the outlook for interest rates...Read More
The FDA pushed back Zogenix's application approval by three monthsPharmaceutical name Zogenix, Inc. (NASDAQ:ZGNX) is sinking lower this afternoon, suffering a notable 6.5% setback after the Food and Drug Administration (FDA) delayed the company's seizure drug application. The new target date for its Dravet syndrome drug, Fintepla, has now been pushed to June 25.Now trading just below $24, ZGNX ea...Read More
The Dow is down over 650 points midday The Dow Jones Industrial Average (DJI) has sold-off into correction territory, down over 650 points midday, dragged lower in part by Disney (DIS) which is reeling from CEO Bob Iger's resignation announcement yesterday. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also deep in the red at the midway mark. Meanwhile the 10-year Treasury yield just...Read More