Regional geology, mineral showings, historical drill results and magnetic survey results are among the information obtained. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) completed compiling preliminary data on the McKenzie East project north of Val d'Or, Quebec, it announced in a news release. The company retrieved the information from various public sources like Mineral Titles-GE...Read More
Incubating and monetizing assets are among the company's strategic objectives. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release it entered an agreement to grant Kruger Gold the right to acquire a 75% stake in the Rakounga gold project in Burkina Faso. An exploration permit has been obtained for Rakounga, which spans 250 square kilometers, and Nexus has done some exploration w...Read More
A few weeks ago we noted the bullish setup for 2020. Macro developments, one way or another will tend to favor Gold. There isn’t a realistic scenario that isn’t Gold bullish. Note the comments from various Fed-heads last week. They are laying the groundwork to target higher than 2% inflation and won’t consider raising rates anytime soon. And if they have to resume cutting rates G...Read More
You may think (or hope) that in your daily life you don’t need to worry about unknowingly eating or otherwise ingesting crude oil or any of its many, many petrochemical byproducts. But you would be wrong. And not just a little wrong--very, very wrong. Petroleum-based substances are in all kinds of innocuous-seeming things that we willingly put into our bodies. Even though petrochemicals are...Read More
Gold prices pushed sharply higher on Tuesday but have stalled ever since. Has the recovery rally completed? I think it has.Leave it to Trump to go and say something that causes the equity markets to print a two-day drop that wipes out more than a week of gains. But the tone in the markets might be changing.The US president went from saying that the trade deal might get delayed until after the elec...Read More
I can remember there were times during the PM complex bull market before 2011 that sometimes the PM metals would rally but the PM stocks were very weak. Then there were times when the PM stock would rise while the PM metals moved very little. At the time of those occurrences it was bewildering as common sense suggested they should all move together and the stronger the metals moved so should the P...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,52555,82093,891203,920526,707644,336676,418 Change from Prior Reporting Period 21,2392,16836912,37229,69233,98032,229 Traders 20552745053280158 Small Speculators LongShortOpen Interest 56,68024,598701,016 -2,232-48131,748 non reportable positionsChang...Read More
Gold has been correcting following last summer's powerful bull-breakout upleg. Since peaking, gold has inexorably drifted lower in a well-defined downtrend. Traders are wondering when this necessary and healthy sentiment-rebalancing selloff will bottom, paving the way for gold's next upleg. But this correction still has a ways to run, according to speculators' gold-futures positioning wh...Read More
Jordan Roy-Byrne CMT, MFTAA few weeks ago we noted the bullish setup for 2020.Macro developments, one way or another will tend to favor Gold. There isn't a realistic scenario that isn't Gold bullish.Note the comments from various Fed-heads last week. They are laying the groundwork to target higher than 2% inflation and won't consider raising rates anytime soon.And if they have to resume cutting...Read More
- Gary SavageGold market update: Signs of a similar H1-2019 pattern? Similar pattern emerging to earlier this year with gold now reversing higher with higher lows and higher highs -- we are starting to stair-step up. Banks going to get stuck in another short squeeze? All the poor saps who sold out at the intermediate bottom..December 5th video update.Gary Savagehttp://blog.smartmoney...Read More
Gary TanashianWe all know that the gold and silver Commitments of Traders are very extended and at levels of commercial net shorts and large spec net longs that tend to be in place at tops in the metals. Well, the metals topped in the summer, so what does that tell us?For one thing it tells us that bull market rules are different from bear market rules as per this post from August as gold was to...Read More
Originally published on Sat Nov 30 for members of ElliottWaveTrader.net: I want to take you back a bit in time so you can develop the appropriate perspective of a bottoming process in the metals market. - Avi GilburtFor those of you that were with us back towards the end of 2015, you may remember that I was being quite vocal of the fact that I was heavily buying mining stocks. In fact,...Read More
After today's US November nonfarm payrolls, traders will take positions for next week's FOMC meet. NFP will give hint on next week's FOMC meet. Look into US economy and global economy in totality and not just from interest rate perspective. UK election and December 15 deadline for US-China trade deal will also be under close scrutiny by traders and investors alike. US president Trump and his imp...Read More
Volatility is bubbling under the surface as another economic downturn, much greater than anything we've seen before, is coming, this according to Doug Casey, founder of Casey Research."I've been saying we're going to have a Greater Depression for years. It's going to be much worse, much different, and much longer lasting than the unpleasantness of 1929 to 1946," Casey told Kitco News.Doug Casey is...Read More
Harry Dent is back from Australia and he has a question for you: How can people not get that no matter how much we stimulate the economy, we keep slumping back? Something is clearly wrong, and we're going to pay for the cost of cheating the system eventually. Watch this week's interview to get Harry's take on the inevitable collapse our country will face. Harry Dent is a Fortune 100 consultant, ne...Read More
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Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Over the last 12 months, the price of gold is up 21.1%, handily outperforming everything from the S&P 500 index in the US to stock markets in China, Europe, and Canada, plus bonds, real estate, and even major commodities like oil.Gold has even outpaced the stock prices of many of the world's most popular tech investments like Netflix, Tesla, Amazon, etc.Watch this video on Gold Has Outperformed Th...Read More
A few weeks ago we noted the bullish setup for 2020. Macro developments, one way or another will tend to favor Gold. There isn’t a realistic scenario that isn’t Gold bullish. Note the comments from various Fed-heads last week. They are laying the groundwork to target higher than 2% inflation and won’t consider raising rates anytime soon. And if they have to resume cutting rates G...Read More