By: Ira EpsteinMarkets trying to figure this out. You could get a situation where gold benefits. Gold has been in a bit of a corrective mode on the weekly..Read More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
The company stated the information will be integral to defining future drill targets at the project. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release that a magnetometer survey was just finished of the McKenzie East gold project in Quebec.Carried out by Geophysique TMC, the survey delivered high-resolution data that Black Tusk will use to help define target...Read More
The expected updated resource estimate is discussed in a ROTH Capital Partners report. In a Feb. 3 research note, ROTH Capital Partners analyst Jake Sekelsky reported that GoldMining Inc. (GOLD:TSX) has "a strong balance sheet with catalysts on the horizon."The nearest upcoming potential stock mover, Sekelsky highlighted, is an updated resource estimate on GoldMining's recently acquired Yarumalit...Read More
A review of the transaction and its implications are provided in a BMO Capital Markets report. In a Feb. 3 research note, analyst Brian Quast reported that BMO Capital Markers resumed coverage and lowered its target price on Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) to CA$61 per share following its acquisition of Detour Gold. In comparison, Kirkland Lake Gold is trading around CA$49.75 per share....Read More
Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the rationale for buying precious metals and the best values at this time.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Recently we discussed the prudence of implementing ratios as an effec...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 355,90956,10361,212176,786508,473593,907625,788 Change from Prior Reporting Period -20,4929,794-24,844-15,514-44,641-60,850-59,691 Traders 22766735855311174 Small Speculators LongShortOpen Interest 60,66528,784654,572 -117-1,276-60,967 non reportable posi...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessFEBRUARY 2020Yield inversions as a harbinger of recessions and higher gold pricesBy: Michael J. Kosares, USA GoldDuring the course of the past several months, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed...Read More
By Avi GilburtBelieve me when I tell you that I so want to be uber-bullish the metals at this time based upon the larger degree structure, especially in silver. However, I have to also outline the micro structures, and I simply do not have a clearly completed micro structure in gold. Whereas silver has certainly provided us with the minimum number of waves to consider its wave [2] as complet...Read More
By: Ira EpsteinMarkets trying to figure this out. You could get a situation where gold benefits. Gold has been in a bit of a corrective mode on the weekly..Read More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Oil and gold also marked a day of wins Despite an afternoon lull, the Dow closed at a record high today. The blue-chip index also touched a new all-time high of 29,408.05 earlier in the day, boosted by a nearly 3% surge in Boeing (BA) shares. Not to be outdone, the S&P 500 and Nasdaq also both closed at record highs, while all three benchmarks picked up their fourth straight win.Bolstering marke...Read More
Roku and Lyft will be in the earnings spotlight Earnings season isn't over yet, with a whole slew of companies gearing up for their quarterly confessionals next week. Ride share concern Lyft (LYFT) will be in the earnings spotlight, joined by streaming name Roku (ROKU), along with Alibaba (BABA), Cisco (CSCO), Nvidia (NVDA),and PepsiCo (PEP). On the economic data front, investors can expect number...Read More
Chegg will post its fourth-quarter earnings on Monday after the close With a fourth-quarter earnings report due out next week on Monday, Feb. 10, options bulls are eyeing education specialist Chegg Inc (NYSE:CHGG) today. While overall volume is still quite low, 611 calls have crossed the tape so far, two times the intraday average, and more than three times the number of puts exchanged. The Februa...Read More
The Nasdaq and S&P, meanwhile, are eyeing more fresh highsThe Dow Jones Industrial Average (DJI) has pulled back from this morning's triple-digit gains, waffling at the breakeven. Meanwhile, the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) maintained their earlier momentum with both eyeing record closes and the latter fresh off an intraday record high of 3,346.65. Meanwhile, oil conti...Read More