However, traders should temper their expectations this time aroundComing off fresh all-time highs, the S&P 500 Index (SPX) is now moving into the most bullish six months of the year, looking at the last 50 years. The table below shows the index averages a 6.62% return from November through April, with 76% of the returns positive. Both of those metrics top all other six-month periods. This week, I'...Read More
Gold corrected from the early September high.Trading in a range since the recent bottom.The short-term chart is looking neutral.Lower rates, Brexit, and trade support gold.A higher high before the end of 2019 - gold mining stocks should outperform gold on a percentage basis.Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 201...Read More
Bob Moriarty ArchivesOct 30, 2019A couple of months ago I had the privilege of participating on a webcast with U.S. Global Investors’ Frank Holmes. Frank and I go way back—I’ve been writing about his gold funds since I started 321gold several years ago—so you can probably guess that the topic of the webcast was opportunities in gold investing. I found the discussion timely...Read More
Gary Christenson, The Deviant InvestorTennessee Ernie Ford sang about the plight of coal miners decades ago. His song remains relevant in today's increasingly crazy world."You load sixteen tons, what do to you getAnother day older and deeper in debtSaint Peter don't you call me 'cause I can't goI owe my soul to the company store."The owners paid in script which coal miners used as currency. Scri...Read More
Keith Weiner, Monetary MetalsKeith gave a keynote address the only speaker with an hour to cover his topic at the Gold and Alternative Investments Conference in Sydney on Saturday. Said topic was the nature of money."Money is a matter of functions four: a medium, a measure, a standard, a store."Most of the talk was structured around discussing these functions. Medium is pretty obvious: the doll...Read More
Gold Resource Corporation Announces Third Quarter Conference Call Gold Resource Corporation's CEO Mr. Jason Reid will host the conference call Wednesday, October 30, 2019 at 11:00 a.m. Eastern Time. Topics of discussion will include third quarter results and an update on current operations. The conference call will be recorded and posted to the Company's website in three to five business da...Read More
- Craig HemkeWednesday afternoon brings the conclusion of The Fed's latest FOMC meeting, and the remainder of this week brings all sorts of U.S. economic data. All of this will impact gold and silver prices...but in which direction?As you know, prices of both COMEX Digital Gold and COMEX Digital Silver hit their highs for 2019 back in early September, when CDG hit $1565 and CDS reached $19.75....Read More
By: Ira EpsteinGold's move yesterday did a lot of damage to the chart, no more uptrend short-term -- rebuilding pattern:Read More
Dubbed "The Surge" President Trump through his Attorney General have sent notice to law enforcement across the country that they need to be even MORE militarized and must receive more training on how to identify and punish Americans for crimes they have not (yet) committed. The FBI has a plan to go after "potential" threats by identifying, among others, "anti-government extremists." Who gets to de...Read More
"When all is said and done, I am not convinced there is enough there to convict President Trump of anything. At the same time, there is probably going to be a lot of legal actions brought against the people who started this coup against him, and that's going to be extremely disturbing to the Left. I think one of the possibilities is we may not have a 2020 election. In some way or another, the coun...Read More
"Annually, Congress provides more than 300 billion dollars to over 1000 programs that have expired."Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophth...Read More
The decline in life expectancy is partly due to deaths from despair. Drug overdoses and suicide rates increased significantly from 2007 to 2017. Continue...Read More
The better-than-expected data was due to continued strength in consumer spending as well as government spending, the department said. Continue...Read More
Bob Moriarty of 321 Gold discusses how recent Fed actions are affecting the markets, as well as what a gold explorer's recent NI 43-101 reports means. Gold barsI just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Something very bad comes this way. Right out of the blue...Read More
In conversation with Brien Lundin of the Gold Newsletter and the organizer of the New Orleans Investment Conference, Maurice Jackson of Proven and Probable explores the geopolitical, financial, practical and social issues surrounding investment in the precious metals. Maurice Jackson: Joining us for conversation is Brien Lundin, the president of Jefferson Financial, and he is the host of the worl...Read More
Money manager Adrian Day updates developments at several resource companies, with one strong buy. Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) (3.65) has seen another quarter of improving operations, with earnings above expectations, mostly because of strength at El Penon. In the next quarter, expected improvement at Cerro Moro and Jacobina, should continue this trend. The company said it remai...Read More
The reasons behind this opinion are presented in a CIBC report. In an Oct. 24 research note, analyst Anita Soni reported that CIBC expects Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) "to deliver on growth in 2020, continue to generate strong free cash flow and potentially further increase its dividend."This view, Soni explained, is based on the gold producer reporting an earnings per share (EPS)...Read More
The highlights of this Canadian company's cornerstone asset are outlined in an Echelon Wealth Partners report. Lion One's Tuvatu ProjectIn an Oct. 23 research note, analyst Ryan Walker reported that his firm Echelon Wealth Partners added Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) to its Watch List after meeting with the company's management at the recent Precious Metals Summit.Lion One's flags...Read More
The gold bull run of 2019 peaked early September at $1566, up over 25% on the year! Which will likely have encouraged many prominent gold bugs to get carried away with various headlines of Gold heading for $5000, $10,000 and beyond. However, since it's peak the Gold price has been drifting lower at a shallow pace to it's last closing price of $1491, still up over 19% on the year.So is this a corre...Read More
It’s no secret to you that I am still more bearish on gold thanbullish. And it’s no secret to me that a lot ofour subscribers still like gold and feel that it is still a safe haven and a good store ofvalue long term.Despite having argued that gold was oneof the largest bubbles and a part of the larger 30-Year Commodity Cycle bubbleand crash, I’ve also noted that bo...Read More