After the recent bout of volatility, a risk-off environment seems to be taking shapeMarkets continued to be headline-driven and pressured by the ongoing "trade war" with China this past week. The S&P 500 Index (SPX - 2,859.53) opened sharply lower to begin the week and traded down to the round 2,800 support level -- briefly eclipsing a garden-variety 5% pullback from the all-time high we put in on...Read More
The failure of the XAU index to rise is a potential warning sign for gold.Mining stock traders apparently aren't convinced gold is ready to rally.Silver continues to lag gold, as both metals face serious obstacles.Despite a recent attempt at bottoming, gold's revival attempt has been hindered by a serious lack of confirmation from its peers. Specifically, gold's "sister" metal silver has shown...Read More
* GRAPHIC-2019 asset returns:* Premium for cash over 3-month zinc highest since 1997 (Updates with closing prices)By Pratima DesaiLONDON, May 20 (Reuters) - Zinc prices hit four-month lowson Monday as investors frettedabout rising supplies from topproducer China, while industrial metals overall came underpressure from trade tensions between the United States andChina.Benchmark zinc on the London M...Read More
Silver ended the week closing at its lows, now down to $14.40/oz.The trend is also down for silver stocks since peaking in Q1.Caution is warranted at this time since risks are heightened for individual company failure (particularly producers) in a low price environment where profit margins have been greatly eroded.Hecla Mining and Coeur Mining are just two examples of companies currently going thr...Read More
Gold and silver dropping back again late last week had investors in the Precious Metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900's or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to fo...Read More
May 17th, 2019(S14-E696)Featured GuestsGerald Celente& Louis NavellierPlease Listen HereInterview RecapTrends Research Institute's Gerald Celente returns with a new daily video podcast Trends Vision 2020.US equities indexes recorded new records last month on the heels of fresh monetary stimulus.Policymakers will likely revamp US shares ahead of a forecasted market swoon sometime near the 2020...Read More
By: Doug CaseyThe Chinese came from nothing; only 40 years ago, they had nothing but a billion impoverished peasants. No money. No technology. No power. Today, they're on par with the United States. But, if this trend continues - which it will - their economy will be triple the size of the US economy in 20 years.Not just a trade war, but a shooting war with the Chinese seems inevitable. Because...Read More
By: Ira EpsteinFull out (trade) warfare with China. Monthly gold chart - stuck in sideways action for years:Read More
By: Avi GilburtAs I watched and traded the market action over the last several weeks, I witnessed something quite amazing. Yet, this was not the first time I have seen this.Each time the market was set up for a smaller change of directional move, a news event or a "tweet" seemed to have come out at almost the exact time we need to see the market change direction.While many saw the news as affect...Read More
So how does Game of Thrones end? Never having watched the show, I couldn't care less. But thirty million fans evidently do. We haven't seen America this worked up about so trivial a concern since Kristin Shephard shot J.R. Ewing nearly 40 years ago in a landmark episode of Dallas. TV was free back then, and so the audience worldwide was more than ten times that of Game of Thrones. Could th...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
"Overall, by the end of the process later in August, we will have eliminated about 7,000 salaried positions or about 10% of our global salaried workforce. This includes both voluntary and involuntary separations over the past year. Continue...Read More
Last year I read an article about the Impossible Burger, a plant-based patty that was supposed to rival the real thing. I called a friend who lives in a neighboring towna href="https://www.dollarcollapse.com/beef-lost-place/" rel="noopener" target="_blank">Continue...Read More
This is a follow-up campaign to last year's discovery of a high-grade copper-gold porphyry system there. GT Gold Corp. (GTT:TSX.V) announced in a news release the plan for its 2019 drill program's first phase at its flagship Tatogga project in British Columbia's Golden Triangle.The overall goal of this year's program is to advance Saddle North, a potentially large, high-grade copper-gold porphyry...Read More
The Canadian company will drill a previously identified Carlin-style target on the property. Ethos Gold Corp. (ECC:TSX.V; ETHOF:OTCQX) announced in a news release it entered an agreement to earn into Victory Metals Ltd.'s Iron Point vanadium project in Nevada in exchange for drilling there. Ethos also announced that Dr. Quinton Hennigh, an economic geologist with more than 25 years of exploration...Read More
Technical analyst Clive Maund charts silver and finds that it looks "considerably weaker than gold." Silver looks considerably weaker than gold, although that is normal at this stage in the cycle. It is still considered likely that it is forming a Double Bottom with its lows of late 2015, and if so then the support at those lows should hold. On silver's 1-year chart it still looks like it is mov...Read More
The company's Q1/19 numbers and the impact of its latest acquisition are discussed in a ROTH Capital Partners note. In a May 16 research note, analyst Jake Sekelsky reported that ROTH Capital Partners raised its target price on Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) to US$2.25 per share from US$1.80 (versus about US$0.70 today) after incorporating the Tucano mine acquisition and a...Read More
Technical analyst Clive Maund charts gold and explains why he believes gold will turn higher later in the summer. Gold and silver dropping back again late last week had investors in the precious metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900s or even lower, which is normal when prices sink, but our charts...Read More
“Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not operationally constrained by revenues when it comes to federal government spending. In other words, such governments do not need taxes or borrowing for spending since they can print as much as they need and are the monopoly issuers of the...Read More
Gold and silver dropping back again late last week had investors in the Precious Metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900's or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to fo...Read More