The results will help guide the company's future exploration there. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) reported in a news release that Geophysique TMC has commenced a magnetometer survey at its McKenzie East project in Quebec.The survey should be completed in one week with its results available by the end of February, the company stated. According to the company, the wor...Read More
We can all dream about Silver outpacing Gold. However the truth about Silver is that it tends to under perform during precious metals bull markets, and only really coming alive inthe bull markets final stages when it tends to spike. So Silver for 2019 did what Silver tends to do which is to under perform against Gold. Though in reality maybe investors tend to set their hopes too high, as a gain of...Read More
Physical palladium and rhodium markets are buzzing. Reportedprices for both metals leapt higher in recent days. The story behind palladium’s move is that aphysical shortage has developed in London. Traders sold metal they didn’tphysically possess. Now they are being asked to deliver the bars andthey are scrambling to secure the metal needed, bidding prices higher.It looks lik...Read More
Platinum has setup into a longer-term FLAG formation and has recently broken the APEX of this FLAG. The long term potential for Platinum, in conjunction with the advance in Rhodium, Palladium, Gold, and Silver, is a new Bullish Price Trend.Our researchers believe Platinum must move above $1200 for this new Bullish trend to anchor a “Breakout Base” formation. The current inv...Read More
Gary ChristensonIntense sunshine beamed down upon the canyons of Wall Street, illuminating potholes, dark alleys, secrets and mass delusions. Most people paid no attention because phones, the impeachment circus, Facebook posts, stock prices, and money worries distracted them.It was a normal day.I took a random walk down Wall Street, checked my phone for useless news and accidentally stepped into...Read More
COLORADO SPRINGS, Colo., Jan. 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced multiple ore grade intercepts from its maiden drill program at the "Scarlet" target located 400 meters north west of its operating Isabella Pearl mine in Mineral County, Nevada. Near surface ore grade gold intercepts included 24.38 m...Read More
Craig Hemke Much of the talk surrounding gold thus far in 2020 has focused upon geo-political and pandemic risks. While all of this is relevant to price in the short-term, the discussions being held by the Fed's FOMC this week will have a much more durable impact.At this point, I wouldn't expect any change to the Fed Funds rate on Wednesday when the meeting concludes. The Fed just assured us las...Read More
Clint Siegner, Money MetalsPhysical palladium and rhodium markets are buzzing. Reported prices for both metals leapt higher in recent days.The story behind palladium's move is that a physical shortage has developed in London. Traders sold metal they didn't physically possess. Now they are being asked to deliver the bars and they are scrambling to secure the metal needed, bidding prices higher....Read More
By: Ira EpsteinGold 18-dma support at $1,564.80. Resistance around $1,587/8. Gold swings hard to call market..Read More
To me the fall in gold price is just a correction and nothing else. Traders will prefer not to get caught off guard in FOMC tonight. Margin calls on stocks and crude oil also resulted in traders closing long positions in gold. Technical sellers came into play once gold started falling. Silver got knocked down as it failed to trade over $18.00. The combination of gold price fall along with sell o...Read More
Jan 31, 2020 Guest(s): Keith Neumeyer CEO, First Majestic Governments around the world will continue to print money and keep interest rates either unchanged or lower, which would be bullish for the precious metals, including silver, this according to Keith Neumeyer, CEO of First Majestic Silver. "I've been calling for triple-digit silver for a few years now, and I'm more enthused now but I'm cau...Read More
We can all dream about Silver outpacing Gold. However the truth about Silver is that it tends to under perform during precious metals bull markets, and only really coming alive inthe bull markets final stages when it tends to spike. So Silver for 2019 did what Silver tends to do which is to under perform against Gold. Though in reality maybe investors tend to set their hopes too high, as a gain of...Read More
Physical palladium and rhodium markets are buzzing. Reportedprices for both metals leapt higher in recent days. The story behind palladium’s move is that aphysical shortage has developed in London. Traders sold metal they didn’tphysically possess. Now they are being asked to deliver the bars andthey are scrambling to secure the metal needed, bidding prices higher.It looks lik...Read More
Platinum has setup into a longer-term FLAG formation and has recently broken the APEX of this FLAG. The long term potential for Platinum, in conjunction with the advance in Rhodium, Palladium, Gold, and Silver, is a new Bullish Price Trend.Our researchers believe Platinum must move above $1200 for this new Bullish trend to anchor a “Breakout Base” formation. The current inv...Read More
Saturday marked the Chinese Lunar New Year, a time when as many as 400 million people ordinarily travel to visit family and go on vacation. Before the coronavirus struck, 3 billion trips were estimated to take place during the 16-day celebration, while some 79 million passengers were expected to take flights, up more than 8 percent from 73 million a year earlier. The new Daxing International Air...Read More
Stewart Thomson, Graceland Updates 1. The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, a...Read More
By: Ira EpsteinGold in a saucer-pattern. Swing-lines, bias is up as price remains above the 18-dma. Read More
Gold and silver fell yesterday (from the day's high) after USA opened as traders booked profit on long positions. Traders have started ignoring the corona virus and started focusing on other economic issues and political issues. FOMC meet tomorrow can have surprises in light of Chinese corona virus. Corona virus can have a very big impact on Chinese consumer spending in February. Industrial meta...Read More
Panic over the coronavirus has cooled off todayAfter its worst session since October yesterday, the Dow staged a furious comeback today -- adding over 180 points -- as investor panic over the coronavirus cooled off. The blue-chip index snapped a five-day losing streak in the process, as Wall Street unpacked the latest economic data and corporate reports. The S&P 500 and Nasdaq both finished confid...Read More
CIEN stock has been moving higher in recent monthsNetworking specialist Ciena Corporation (NYSE:CIEN) seems to be setting up nicely for bulls. The shares just spiked to the upside from a recent consolidation pattern stemming from a December earnings breakout, hinting the stock is prepared for another move higher. With the previously resistant 30-day moving average still playing catch-up, the upsid...Read More