A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the b...Read More
Something has changed in the gold industry. During high gold-price periods the trend was to produce as much as possible - in many cases, irrespective of higher extraction costs per ounce. In a way you can’t blame them for making hay while the sun shone. The gold price rose for 12 consecutive years, hitting an all-time high of $1,907 an ounce in that heady summer of 2011. Why wouldn’t i...Read More
O.G. Shadow is a former Mexican cartel affiliate who has openly admitted to being a drugs and arms trafficker. He served multiple years in a Mexican prison for his crimes. After receiving permission from top cartel management to peacefully leave his cartel (something that rarely happens), O.G. Shadow decided to live a peaceful life without crime. In his own words his goal is to "inform the public...Read More
Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a de...Read More
Technically Gold cracked last week and the downside momentum coupled with the relatively high net spec position argues thatContinue...Read More
Australia’s Mineral Resources (ASX:MIN) said last week it is pausing operations at its Wodgina lithium project, a joint venture with US-based Albemarle, due to “challenging lithium market conditions.” “Given the current challenging market conditions for lithium, the MARBL Lithium Joint Venture believes there is more value to be delivered in the long term by placin...Read More
Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.Jobs are booming, just as much as U.S. oil and gas production is.US oil production has increased from 11.7 million bpd at the start of 2019 to 12.6 mil...Read More
A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the b...Read More
Something has changed in the gold industry. During high gold-price periods the trend was to produce as much as possible - in many cases, irrespective of higher extraction costs per ounce. In a way you can’t blame them for making hay while the sun shone. The gold price rose for 12 consecutive years, hitting an all-time high of $1,907 an ounce in that heady summer of 2011. Why wouldn’t i...Read More
Daniel Lacalle is a PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Continue...Read More
Keith WeinerPosted Nov 9, 2019Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You’d think that everyone would know that donning fake headphones made of coconut shells, and waving tiki torches will not summon airplanes loaded with cargo. At least the people who believe in this have the...Read More
Adam HamiltonArchivesNov 08, 2019 The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks'...Read More
Christopher Lewis7 hours ago (Nov 08, 2019 5:23 PM GMT)Gold markets have broken down rather significantly during the week, slicing well below the $1500 level. This is a very negative sign, but when you look at the weekly chart, you can see that we are still technically and a bullish flag. Quite frankly, this market needs to save itself rather quickly or it’s going to be serious trouble. The...Read More
For one, the company discovered the alkaline gold system there is much larger than initially thought. Lion One's Tuvatu Gold ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) provided in a news release an update on its exploration efforts at its Tuvatu gold project in Fiji, which include drilling, sediment sampling and geophysical surveying."We are already seeing huge returns from this work. B...Read More
Drill results suggest the company's mineralized trend is part of a larger system. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCQX) confirmed that the recently discovered mineralization between the Cheminis and Bear deposits at its Larder gold project in Ontario is connected as part of one system, it announced in a news release.Confirmation of this came through the results of hole GTR-19-019, whi...Read More
Among other transactions, the company acquired four producing or near-producing royalties. Gold barsEly Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) provided in a news release updates on many of its royalty assets.The company has 34 deeded royalties, two of which are producing, and 20 properties, which are optioned to third parties. Ely Gold's royalty and sale portfolio generated more than an est...Read More
Gold has been the most popular form of investment and one of themost reliable assets recognized for its multiple use and rare value. Followingthe recent introduction of other investment substitutes, a number of people aremade to believe that gold is less superior than the others. This article willhighlight five reasons why gold has not lost its value, but still thrives as aninvestible A perfect A...Read More
Mike Gleason: It is my privilege now to welcome in David Jensenof Jensen Strategic and a highly studied mining analyst and precious metalsexpert with close to two decades of experience in the mining industry. And it'sgreat to have him back on with us.David, thanks so much for thetime again today, and it's nice to talk to you again. Welcome.David Jensen: Thank you, Mike. It's good to be back with y...Read More
Oftentimes, you need to have patience when it comes to the metals.You see, while they move very quickly when they do move, the rest of the time they simply consolidate until they are ready for their next big move.We have been waiting to see if the market is going to provide us that deeper pullback we wanted to see, and today seems to have triggered that potential.But, not all charts are showing th...Read More
Let'stake a closer look at the chart below (chart courtesy of www.stooq.com ) and assess the likelycrude oil price path ahead. Wewrote these words yesterday, and they ring true also today:(…)The short-term situation hasn’t changed much. Crude oil futures keep tradinginside the blue consolidation and around the red support/resistance line andthe 50% Fibonacci retracement.They’re...Read More