Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeek Week Ended April-3, 2020 $GORO, $EXK, $PAAS, $NEM, $TXG.TO, $GPL, $AG, $USAS, $EXN.TO, $AEM, $AGI, $AR.TO, $ALO, $BTG, $EQX, $BTG, $GCM.TO, $INV.TO, $KGC, $KL, $PG.TO, $PVG, $OSK.TO, $OR, $SAND, $TMR.TO, $WPM The Mexican federal government has mandated that all non-essential businesses, including mining, temporarily suspend oper...Read More
By Mike Gleason A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of bad news didn't seem to catch investors by surprise. Instead of crashing to new lows, the stock market held within a trading range and rallied yesterday following the release of a horrific jobs report. It's been a huge week f...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More
By Dave KranzlerUnequivocally, gold does not trade on the Comex. The Comex trades paper gold derivatives. It is a futures and options exchange on which a small amount of 100 oz. gold bars change ownership each contract month. The transfer of title is facilitated by the creation of an electronic record called a "warrant." But even these "warrants" which assign title to specific bars are derivativ...Read More
By Jp CortezTwo weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people.And last week, on March 27, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse.T...Read More
Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains...Read More
By: Ira Epstein$1484.60 - 1672.40 rang on gold. Not good for the emotional trader. Gold is building a better base. But the overall pattern..Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
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ELKO, Nevada, April 3, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) announced today that it received a letter from the listing qualifications department staff of The NASDAQ Stock Market LLC, stating that the Company has regained compliance with NASDAQ's minimum $1.00 per share bid price requirement.The letter received noted that for the last 10 consecutive business days, from March 20, 202...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
LONDON, 3 April 2020 - Japanese finance news-wire Quick Money today reports a surge in gold demand among users of BullionVault, the London-based online trading company."BullionVault's March gold demand reached 42 times the average of the past 12 months," says Quick's report, "and the amount of gold demand is enough to make 306,317 18-carat wedding rings."Read the full story in Japanese at Quick Mo...Read More
By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More
Oil's surge lifted the Dow The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trump that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the dealto curb production -- proved susceptible to some doubt among in...Read More
The energy name has been a top performer in April during the past decade Earlier this week, Schaeffer's Senior Quantitative Analyst, Rocky White, broke down the best performing stocks in April over the last 10 years. One of those stocks is crude oil concern Hess Corp (NYSE: HESS). Looking over the last decade, Hess boasts an average April return of 4.6%, with nine out of 10 returns positive, ma...Read More
Kohl's has historically underperformed during the second quarter The retail sector hasn't stood a chance these past few months, and things seems to be reaching a fever pitch, especially for department stores, with many sector members trading at new annual lows today. One name right in the thick of things is Kohl's Corporation (NYSE:KSS) with the shares festering near new record lows, off 2.3% at...Read More
The S&P 500 and Nasdaq are also holding on to midday gainsThe Dow Jones Industrial Average (DJI) pared modest morning losses and is currently up over 300 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow with respectable gains despite jobless claims soaring to a record 6.6 million. Energy stocks are in focus today, afterPresident Donald Trump co...Read More
The online pet supply retailer is expected to report earnings after the close this eveningOnline pet supply retailer Chewy Inc (NYSE:CHWY) has, for the most part, been breezing past every dramatic broad-market pullback caused by the coronavirus, climbing higher and even hitting an eight-month peak of $39.63 on March 30. Since then, the shares have cooled slightly, down 1.8% at $35.34 during today'...Read More
Three analysts have moved their price targets down to $60PVH Corp (NYSE: PVH) is up 3.6% to trade at $33.82 after announcing their fourth quarter earnings yesterday. The apparel company, operating popular brands such as Calvin Klein, reported profits of $1.88 per share, higher than Wall Street's anticipated $1.81 per share. Despite the revenue also outperforming expectations, no less than three an...Read More