(New throughout)By Kate DuguidNEW YORK, Jan 2 (Reuters) - The dollar recovered from asix-month low to add 0.44% on Thursday, the first trading day of2020, ending a four-day losing streak and a downbeat Decemberthat had left the index virtually flat at the end of 2019.Trading is likely to remain thin until Tuesday, when mostEuropean countries open after Monday's Epiphany holiday butmarket players w...Read More
- SRSrocco Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed's Repo Market injections did not spike at during the last few days of 2019, as many analysts forecasted, there's still BIG TROUBLE ahead. There have been many reasons attributed to t...Read More
- Stefan GleasonThe year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals.In the second part of Money Metals' 2020 Outlook, we'll drill down on the fundamental and technical setup for gold and silver...However, in this first part, we'll set the stage by digging i...Read More
Stewart Thomson 1. I predicted gold would bottom in mid-November and it did. Please click here now. Double-click to enlarge this fabulous daily gold chart. 2. A lot of amateur gold investors have missed this rally. That's partly because they thought the "smart money" was shorting a lot of gold on the COMEX. 3. What they probably overlooked was the possibility that the s...Read More
2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More
By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More
Fieldwork is being done on the property to further determine its upside potential. KORE Mining Ltd. (KORE:TSX.V; KOREF:OTCQB) filed a mineral resource estimate update on its Imperial oxide gold project in California, it announced in a news release. Prepared by SRK Consulting, the report outlines current resources of an estimated 877,000 ounces in the Indicated category, from 45.7 million tons of...Read More
Bob Moriarty of 321gold discusses the similarities between this project and the Witwatersrand deposit in South Africa. I've been writing about Novo Resources and their Witwatersrand lookalike deposit for over five years. Well, Quinton Hennigh is associated with another Wits lookalike, this time in Brazil. It wouldn't be the first time I wrote about a Wits deposit in Brazil, I was writing about De...Read More
The transaction is briefly reviewed and assessed in a BMO Capital Markets report. In a Dec. 23 research note, BMO Capital Markets analyst Jackie Przybylowski reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) agreed to sell its 41% interest in the Sadiola gold project in Mali to Allied Gold for $31.15-33.65 million plus payments for two future sulphides-related milestones there. The deal is expected...Read More
The Canadian base and precious metals company will use the proceeds to explore its project in British Columbia. Tudor Gold Inc. (TUD:TSX.V) announced in a news release that it completed a nonbrokered private placement for gross proceeds of about $2.9 million. The transaction involved the sale of 4,185,714 flow-through Tudor common shares at $0.70 apiece by initial subscribers to certain entities,...Read More
The agreement pertains to future gold-silver concentrate produced at the company's Mexican operations. Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) announced in a news release that its subsidiary, Minera Mexicana el Rosario, S.A., entered into a $10 million concentrate prepayment agreement with IXM Group, a Geneva-based physical metals trader.IXM was set to advance Great Panther's subsi...Read More
Rick Mills of Ahead of the Herd breaks down the investment thesis behind his belief silver prices are poised to gallop ahead. Silver is expected to begin the next decade newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. As December winds down and precious metals trade volumes dwindle, market ana...Read More
Technical expert Clive Maund charts the reasons the precious metals have entered a bull market.Gold is now a major bull market, as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn't, and started higher again in recent days over the C...Read More
As a student of market history, I always find it interesting, and even sometimes quite comical, how certain fallacies about markets are continually propagated by investors and analysts alike. Throughout my career in writing about metals, I have tried to bring many of these to light, and explain why so many of the fallacies should be ignored.The latest in the string of fallacies relates to the Comm...Read More
- SRSrocco Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed's Repo Market injections did not spike at during the last few days of 2019, as many analysts forecasted, there's still BIG TROUBLE ahead. There have been many reasons attributed to t...Read More
- Stefan GleasonThe year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals.In the second part of Money Metals' 2020 Outlook, we'll drill down on the fundamental and technical setup for gold and silver...However, in this first part, we'll set the stage by digging i...Read More
Stewart Thomson 1. I predicted gold would bottom in mid-November and it did. Please click here now. Double-click to enlarge this fabulous daily gold chart. 2. A lot of amateur gold investors have missed this rally. That's partly because they thought the "smart money" was shorting a lot of gold on the COMEX. 3. What they probably overlooked was the possibility that the s...Read More
2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More
By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More
QUESTION: Marty, you laid out gold’s forecast back in October 2018 which has been amazing long-term. While you said if gold would rally after the Pi turning point from a bounce off the downtrend line, then it should rally into the bottom of the ECM. Will you now publish the gold report? I know you have been really busy. But it would be nice to hear from you. Socrates has been bullish since t...Read More