MAC has plunged 44% over the past 12 monthsReal estate investment trust (REIT) Macerich Co (NYSE:MAC) is down 1%in electronic trading, moving lower on the heels of a bear note out of Piper Sandler. The brokerage firm downgraded to "underweight" from "neutral," and sliced its price target to $20 from $26. This revised outlook represents a 17.5% deficit from last night's close, and runs alongside t...Read More
The latest Investors Intelligence sentiment survey showed a drop in bullishness Sentiment is starting to sour despite the S&P 500 Index (SPX) trading at all-time highs, according to the weekly Investors Intelligence sentiment survey. Even though there was a 3% pullback in the second half of January partly due to uncertainty surrounding the coronavirus, the significant drop in sentiment seems unwa...Read More
Jack ChanPosted Feb 11, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high.Speculation on silver is at levels of previous tops.The big picture is bullish.Long-te...Read More
Gold will outperform the S&P 500 Index in 2020. That's one of several projections made by CLSA in its just-released "Global Surprises 2020" report.The Hong Kong investment firm has an impressive track record when it comes to making market predictions last year it had a 70 percent hit rate so it may be prudent to take this one seriously.CLSA's head of research Shaun Cochran: "If investors are con...Read More
David HaggithThere is, at least, one highly recognized economist who agrees with me that a recession started forming in the summer of 2019 and is still emerging, in spite of the Fed's strongest efforts to stop it David Rosenberg:We recall all too well the euphoria that followed the early 2001 and late 2007 Fed rate cuts and curve-steepening shifts, that then switched to malaise as the recess...Read More
Craig Hemke, TF MetalsAs you know, we've been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let's review the COMEX data to see how The Banks are responding in this futures-only market.Let's begin with the chart below. This...Read More
By: Ira EpsteinGold has a lower highs and lower lows over the short-term. Choppy action. We are at the 18-dma, the battleground..Read More
Global manufacturers are waiting till end February to decide on their outsourcing strategy. If there is supply disruptions from China from March onwards then they will look to India and other Asian nations for their supplies. US economic numbers are not affecting gold price. Trend of all metals and energies on or after 18th February will be the key. China will fully reopen by then. There will be...Read More
With this deal, Ely Gold Royalties will own six properties and royalties there. Vancouver-based Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that its subsidiary, Nevada Select Royalty, agreed to purchase, from a private seller, eight unpatented mining claims at McEwen Mining's Gold Bar mine in Nevada."This transaction gives us two additional properties in the Nevad...Read More
Pretium Resources also provides guidance for 2020 costs, cash flow and debt reduction. Pretium's Brucejack MineIn a news release, Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that in 2019 it exceeded the upper end of its gold production guidance, the lower end of its all-in sustaining cost (AISC) guidance and its debt reduction goal. During full-year 2019, the Canadian miner produced 354,...Read More
Bob Moriarty of 321gold discusses the name change and prospects for Canadian Palladium Resources. I first wrote about a company named 21C last May. The company has a pair of "green energy" projects, palladium in Canada and cobalt/copper in Europe. And easily had the worse name of any company I ever knew. I hated the name 21C. What exactly did that mean?Well, no thanks to me, the company changed t...Read More
Ron Struthers of Struthers' Resource Stock Report shares his thoughts on gold and the coronavirus, and profiles Rockridge Resources, a company with an advanced-stage copper project and a high-grade gold prospect, both in Canada. Gold is about to soar in price because of a worldwide misinformation campaign. So far the effects from the coronavirus are being mostly ignored by the markets. There seem...Read More
Althoughits decline was not yet significant, the USD Index finally declined yesterday.Given the recent breakout above the November 2019 highs, this move lower mightleave one with mixed feelings. TheUSDX in the Short RunOnone hand, the USD Index just closed above the November high for the thirdconsecutive trading day, which confirms the breakout, and is a bullish factor.Onthe other hand, the USD In...Read More
As the thirdmost-consumed metal on earth, behind iron and aluminum, copper is all aroundus. Found naturally in the earth’s crust, copper was among the first metalsused by early humans, dating back to the 8th century, BC. Three thousandyears later homo sapiens figured out how to smelt copper from its ore, and toalloy it with tin to create bronze. Bronze was useful for tools and weapons,...Read More
Amid the worries about the coronavirus and its impacton the global economy, the US yield curve has briefly inverted again.Recession, anyone? And what exactly does the inversion imply for the goldmarket? Yield CurveInverts AgainOoops, it happened again – the yield curve has inverted! Please takea look at the chart below. It shows that at the turn of January and February, the spread between 10...Read More
Gold will outperform the S&P 500 Index in 2020. That's one of several projections made by CLSA in its just-released "Global Surprises 2020" report.The Hong Kong investment firm has an impressive track record when it comes to making market predictions last year it had a 70 percent hit rate so it may be prudent to take this one seriously.CLSA's head of research Shaun Cochran: "If investors are con...Read More
David HaggithThere is, at least, one highly recognized economist who agrees with me that a recession started forming in the summer of 2019 and is still emerging, in spite of the Fed's strongest efforts to stop it David Rosenberg:We recall all too well the euphoria that followed the early 2001 and late 2007 Fed rate cuts and curve-steepening shifts, that then switched to malaise as the recess...Read More
Craig Hemke, TF MetalsAs you know, we've been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let's review the COMEX data to see how The Banks are responding in this futures-only market.Let's begin with the chart below. This...Read More
By: Ira EpsteinGold has a lower highs and lower lows over the short-term. Choppy action. We are at the 18-dma, the battleground..Read More
Global manufacturers are waiting till end February to decide on their outsourcing strategy. If there is supply disruptions from China from March onwards then they will look to India and other Asian nations for their supplies. US economic numbers are not affecting gold price. Trend of all metals and energies on or after 18th February will be the key. China will fully reopen by then. There will be...Read More