Sector expert Michael Ballanger describes why he has swung from long to short on the precious metals and miners. Before we go any further, let it be known that in the days leading up to this missive, i have gone from "net long" to "net short" on gold, silver and the miners. Those receiving my email blasts and those following me on Twitter (@Miningjunkie) have been put on notice that this advance,...Read More
Bob Moriarty of 321gold deciphers the forces that affect the cost of silver and describes a company he believes is poised to become mid-tier. When we first started 321gold back in 2001 I went to a lot of shows and met most of the players in the resource business. Many of the other writers felt there was something special about silver and it was going to go up far more than gold. My response was...Read More
Both of these developments are in regards to the company's Golden Triangle project. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release it finished a 173 line kilometer airborne magnetic survey that spanned all of the Boundary zone at Forrest Kerr in British Columbia's Golden Triangle. Included in the 2 by 5 kilometer survey was a large collect...Read More
The Gold Price began 2019 with a continuation of it's strong December 2018 rally towards resistance at $1300 that was soon overcome propelling the Gold price higher to next resistance at $1350 by Mid February. Since when entered into a shallow downtrend all the way to the recent low of $1269. Which is particularly disappointing given that many Gold bugs had pinned hopes on safe haven demand in the...Read More
It’s hard to believe that the massive H&S consolidation pattern we’ve been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the que...Read More
StrengthsThe best performing metal this week was silver, up 3.06 percent, partly on the stronger gold price and on the news that the world's third largest refinery was forced to halt production due to a failed blast furnace. The yellow metal was on fire this week and is heading for its best week in a year. The weekly Bloomberg survey showed that most gold traders and analysts are bullish going...Read More
Stocks took another bold leap Friday, heedless of payroll data that suggest U.S. employers pulled back on hiring in May across all sectors of the economy. Their clear concern is a global slowdown in China and Europe that appears to be deepening. Copper and crude oil quotes have signaled this as well with a 12% fall in the former and a 20% plunge in the latter. So has the Ten-Year Note, which is...Read More
By: Ira EpsteinGold, there is reason for caution here:Read More
A friend of mine recently confessed that he'd made a big mistake buying a home with a swimming pool.He said if he had a do-over, he would never have considered a house with a pool in the backyard knowing what he knows now. I asked why, since it seemed to me like a good investment at the time - with his two young boys and daughter - I would have guessed the pool was getting a lot of use. But afte...Read More
Jun 11, 2019 Guest(s): Jonathan Goodman Chairman & CEO, Dundee Corp. Now is the time to be buying gold mining stocks, when prices are deflated, not when everything is on their way up, said Jonathan Goodman, executive chairman of Dundee Corp. "If you look at the GDXJ [VanEck Vectors Junior Gold Miners ETF] and go back to 2010, that adjusted return in Canadian dollars is down about 85%. Then if yo...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
"We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was Continue...Read More
China continued its renewed (public) gold-buying spree in May adding almost 16 tons of the precious metal to its Continue...Read More
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
What are the three elements of the perfect political and market storm I see coming together this fall?The first is an effort by the Democratic House of Representatives to impeach President Trump. The second is the socialist-progressive tilt in the 2020 presidential election field. The third is the fallout from the Mueller report and the Russia collusion hoax - what I and others called "Spygate."Th...Read More
People often refer to the "perfect storm." A perfect storm is generally understood as two or more events that are independent but converge to produce an outcome much worse than either event alone.The term is an overused clich?(C), and as a writer I avoid clich?(C)s whenever possible. But though rare, perfect storms do exist. The most common example is the devastating 1991 storm popularized by the...Read More
What are the three elements of the perfect political and market storm I see coming together this fall? The first is an effort by the Democratic House of RepresentativesContinue...Read More
The buy and hold mantra from Wall Street Carnival Barkers should have died decades ago. After all, just buying stocks has gotten you absolutely crushed in China for Continue...Read More
Jun 17, 2019 Guest(s): Frank Holmes CEO, U.S. Global Investors There is no better safe haven asset to preserve wealth with against the dangers of global "imbalances" and that is why prominent investors are taking notice of gold, said Frank Holmes, CEO of U.S. Global Investors. Paul Tudor Jones of Tudor Investment Corp. joins the ranks of Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Br...Read More