The blue-chip index is signaling triple-digit gains going into todayDow Jones Industrial Average (DJI) futures are higher despite a less-than-assuring statement from the Group of Seven industrial powers this morning. The G-7 confirmed they were committed to using "all appropriate policy tools to achieve strong, sustainable growth," to assuage coronavirus concerns, but then left investors scratchin...Read More
Jack ChanPosted Mar 2, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high, but what's more important is, a new speculative bottom is now established. That will h...Read More
Robert WutscherThe Unseasoned EconomistPosted Mar 2, 2020On money neutrality and the phenomenon of forced saving - how wealth is surreptitiously transferred from consumers to capital owners.In this third article to this series on inequality, we will see how, by targeting the CPI that ignores productivity-induced price deflation, savings are surreptitiously taken from consumers and handed over to c...Read More
Global markets continue to grapple with the ongoing outbreak of the Coronavirus. Nouriel Roubini, Professor of Economics at NYU Stern, joins Yahoo Finance to discuss.Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administratio...Read More
Bob Moriarty ArchivesMar 3, 2020As I write the ratio of silver to gold is about 96-1. It takes 96 ounces of silver to buy one ounce of gold. Asthe magnificent Steve Saville has just pointed out the ratio is within five percent of the highest it has ever been in history. Once in 1942 and again in 1993 when the ratio touched just over 100-1. I believe it will again.For thosewho have read my books,I...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 3, 2020“He will lose the election, that’s for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.” - Leg...Read More
By: Peter Schiff, Chief Global Strategist of Euro Pacific CapitalWith the markets shell shocked by of the worst weeks on record, analysts are split on whether investors are simply overreacting to the coronavirus epidemic or if we are confronting an actual existential threat to the global economy. While most epidemiologists caution that the virus will be nearly impossible to contain, the good ne...Read More
Stewart Thomson, Graceland Updates 1. "He will lose the election, that's for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead." - Legendary economist Nouriel Roubini, March 2, 2020.2. Corona is the kind of crisis...Read More
StrengthsThe best performing metal this week was gold, down 3.51 percent. As of Wednesday, gold-backed ETFs saw 25 consecutive days of inflows and rose to the highest level ever of 2,624.7 tons. Bloomberg reports that after rising 18 percent last year, gold extended its rally into 2020. Turkey's gold reserves rose $1.1 billion from the previous week to now total $29.7 billion as of February 21...Read More
By Ira EpsteinGold update, key technical supports and what to come from the corona virus:Read More
MAG Silver's two recent announcements about its project in Mexico are relayed and commented on in a ROTH Capital Partners report. In a Feb. 27 research note, ROTH Capital Partners analyst Joe Reagor noted that MAG Silver Corp. (MAG:TSX; MAG:NYSE A) and joint venture partner Fresnillo Plc (FRES:LSE) moved up the production start for Juanicipio and raised preproduction capex estimates. "These resul...Read More
Maurice Jackson of Proven and Probably sits down with Andy Schectman, president of Miles Franklin Precious Metals Investments, to talk about ways to invest in precious metals. Maurice Jackson: Today we will discuss the merits of owning government minted coins versus private minted coins. Joining us for conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Gl...Read More
While silver has thus far lagged the gains of gold, a number of trends underlying the metal should pave the way for a new leg up very soon, according to McAlinden Research Partners. Summary: Amid the precious metals rally that was set off by the rapid spread of coronavirus and uncertainty around the ability to contain it, gold prices had ratcheted up to a seven-year high. While silver lagged the...Read More
X Terra Resources notes alteration and mineralization in all of its targets. In a news release, X Terra Resources Inc. (XTT:TSX; XTR:FSE) announced it completed its drill program at its Grog and Northwest properties in New Brunswick, and results exceeded management's expectations. "All geological targets have revealed very encouraging visual indicators of significant alteration and mineralization...Read More
Black Tusk Resources chooses 18 sites on its Quebec property for further follow-up. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release "the company's professional geoscientist and consultants have been reviewing the results of the magnetometer survey, as well as all other available data for the project, in order to plan future exploration on the property." Th...Read More
To underscore the volatility of this past week, consider the price action in Silver. Silver, days ago, had a chance to make its highest monthly close since October 2016. That is well over three years ago. Silver closed the week and the month at its lowest levels in six months. One week, precious metals (specifically gold stocks) are on the cusp of a historic breakout, and the next, they are...Read More
Last week’s market activity was another reminder that not allprecious metals investments are created equal.Investors worried about a virus outbreak and watching the bloodbath on Wall Street rushed to buy coins, rounds,and bars.As one of the largest and most respected U.S. dealers, MoneyMetals saw the biggest surge of buying activity in years. Clients bought thephysical metal a...Read More
While viruses are counted among the simplest forms of life, they have quite a bearing on its advanced forms. And the coronavirus epidemic is, unfortunately, alive and well. What are the implications for the gold market?Coronavirus Infects EuropeThe coronavirus epidemic is, unfortunately, making its presence well known. Actually, it spreads quickly around the globe. The worldwide number of confirme...Read More
Gold / SIlver RatioGold price of $1560 divided of by the silver price of $18.07 results in a ratio of 86.3! The historic norm is for around 50. No I am not saying that Silver should trade to a ratio of 50 to Gold anytime soon. I will cover the prospects for the Silver price in a separate analysis.So either Silver is CHEAP or Gold is EXPENSIVE, probably a mixture of both, which implies to expect Go...Read More
Gold. Silver. Platinum. Palladium. Precious metals mined from the bowels of the earth, refined andvalued for their unique characteristics. Since the beginning of civilization itself,humanity has long held an obsession with what is known colloquially as “bling.” Nowadays rather than adorning ourselves with beads and seashells,we’ve turned to precious metal. If one thing’s fo...Read More