Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-21, 2020$AUY $PAAS $SILV $SVM $NEE.V $NGD $MUX $KL $GUY.TO $GCM.TO $EXK $ELY.V $GOLD $ALO $AGI Alamos Gold: Announced it will repurchase, from a third party, an existing 3% NSR royalty on its Island Gold project for cash consideration of C$75m (US$54m). The royalty is within four patented claims that compromise the m...Read More
Richard (Rick) Mills, Ahead of the herdMarch-17-2020Stock markets rebounded on Tuesday, after the White House announced further measures to help Americans and companies hurt by the coronavirus pandemic.The Trump Administration is reportedly considering sending checks to Americans so they have cash to spend during the outbreak.The Dow, S&P 500 and the Nasdaq finishing about 6% higher was a welcom...Read More
David StockmanThe nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm's way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options.For crying out loud - the reckless irresponsibility of it is mind-boggling. That's because for decades upon decades this has been a highly cyclical industry - vulnerable to...Read More
David HaggithAs the carnage continues with stocks now ignoring anything the Fed throws at them and the Fed has pretty well thrown everything it has used in the past and is now moving into bailout mode where is the US stock market crash likely to stop falling? So far, it's been limit-down all the way. Before posing "The Fed is Dead" later today, I wanted to rush this out because I can get it...Read More
By: Ira EpsteinEverything changed on February 19th. It was China's problem before then, the market didn't care, why care about gold?Then the switched flipped and things changed. Gold remains in an uptrend, the monthly chart showing strong support around $1,458 and below at $1,400 area with resistance around $1635Read More
It's HappeningGoing to WarWe Are Facing a Depression, Not a RecessionWhat Will It Take?How Things Are Going to Change and What We Should DoWe Can Do ThisPersonal ThoughtsIn the film version of Tolkien's Lord of the Rings: Return of the King, there's a three-minute scene you should watch or re-watch. It is relevant to our situation today. Gondor needed to light the beacons for aid.Click here for...Read More
Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it.Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that was a debt-bloated accident waiting for the trigger that turned out to be COVID-19. Terrified casino patrons will pray that the Fed...Read More
Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
QUESTION: Hello,Daily reader with coronavirus, in the ER waiting.If gold market is a low percentage of the whole market, what does this measure allow to collect significant capital? Any comment will be appreciatedKeep up the excellent work!!!Best regardsAKANSWER: This is not about how much it would collect. They are seeking to eliminate ANY means of circumventing their negative interest rate poli...Read More
Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it.Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that was a debt-bloated accident waiting for the trigger that turned out to be COVID-19. Terrified casino patrons will pray that the Fed...Read More
Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it.Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that was a debt-bloated accident waiting for the trigger that turned out to be COVID-19. Terrified casino patrons will pray that the Fed...Read More
LONDON, 22 March 2020 - Data, analysis and comment from BullionVault today leads a full-page report in the Mail on Sunday - the UK's second best-selling Sunday paper - on the jump in gold investing demand amid the worsening global virus pandemic.With the gold price in British Pound terms now 30% higher from this time last year, "The number of investors opening new accounts is nearly three times th...Read More
Bob Moriarty ArchivesMar 21, 2020I lived in California when I was in the 7th grade. The state led the rest of the US in education. That was before it turned into a socialist paradise with people shitting on the sidewalks. I took an algebra course in the 7th grade; California would let you take any course the teacher would allow you in. I pretty much aced it with one exception. I kept doing the mat...Read More
It doesn’t seem to matter what the ratio of gold to silver is, or how high it goes. Those who prefer silver always seem to think it’s going to reverse “soon”.It might; maybe significantly so, too. But it doesn’t mean a thing. There are no fundamental reasons for the ratio to move up or down at any given time.Actually, there is no reason to track it, either. Except tha...Read More
It doesn’t seem to matter what the ratio of gold to silver is, or how high it goes. Those who prefer silver always seem to think it’s going to reverse “soon”.It might; maybe significantly so, too. But it doesn’t mean a thing. There are no fundamental reasons for the ratio to move up or down at any given time.Actually, there is no reason to track it, either. Except tha...Read More
QUESTION: Marty, the gold buyback quote at ….. is now spot + $20. A week ago the quote was spot + $2. Supply & demand? Shortage of 1 oz random year golden eagles? What’s going on?Thanks for your prolific post output during this crisis!Cheers, TGMANSWER: Europe has directed bullion dealers not to sell to individuals. You will probably see next week a proposal floated that asks Eur...Read More
It doesn’t seem to matter what the ratio of gold to silver is, or how high it goes. Those who prefer silver always seem to think it’s going to reverse “soon”.It might; maybe significantly so, too. But it doesn’t mean a thing. There are no fundamental reasons for the ratio to move up or down at any given time.Actually, there is no reason to track it, either. Except tha...Read More
LONDON, 21 March 2020 - Private investors are buying gold at the fastest pace since thedepths of the financial crisis in March 2009 says today's Financial Times - the UK's investment newspaper of record - quoting BullionVault data."If you're looking for a safe haven you're not going to find one today, tomorrow or next week," the FT's weekend Money section goes on to quote Adrian Ash, director of r...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More