Black Tusk Resources will further analyze and conduct ground follow-up of the findings. In a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that results from a magnetometer survey of its McKenzie East gold project in Quebec showed highly detailed magnetic features.The survey revealed "a complex pattern relating to the geological setting," the release noted. H...Read More
With this development, the project moves back to the core of Eldorado Gold's portfolio. Eldorado Gold Corp. (ELD:TSX; EGO:NYSE) announced in a news release that optimization and testing extended the mine life of its Kisladag project in Turkey to 15 years, through 2034.This development, which follows long-cycle heap leach testing and swapping out the tertiary crushing circuit for a high-pressure g...Read More
In this interview with Maurice Jackson of Proven and Probable, Millrock Resources' CEO describes the company's prospects in Alaska's Goodpaster gold district and how a new joint venture improves the value proposition.Maurice Jackson: Today we will focus on a premier project generator that is conducting quite an intriguing exploration program in the prolific Tintina Gold Province of Alaska. Joining...Read More
Sector expert Michael Ballanger charts the latest changes in the markets and prognosticates on when and why silver prices should make a move. One of my good friends from the 1980s and 1990s was the late Ian McAvity, a superb technical analyst, a founder of Central Fund of Canada, a Bay Street Mover and, most importantly, a humble and thoroughly enjoyable man. He was the first newsletter writer th...Read More
Silver is still in consolidation mode since early September, but it appears ready to rally over a sustained period of time.On the chart there appears to have formed some fractals. The current one has also broken out at the black line recently (just after point C).As expected, price survived the test of the 50-day moving average, and is looking really bullish. If the comparison remains valid, then...Read More
$500 billion. This is the sum the Fed has already pumped into the repo market since the crisis there started. On September 17, 2019, the secured overnight funding rate – a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities, based on the repurchase transactions – more than doubled, as the chart below shows, while the intraday range jumped to abou...Read More
Ladies and Gentleman, gold has overcome yet another barrier, jumping above $1,600 amid the fresh FOMC minutes and the renewed fears about the coronavirus economic consequences. What’s next for the yellow metal?Fed More Optimistic about Global EconomyGold bulls can be happy. As the chart below shows, the yellow metal has jumped above $1,600 amid the FOMC minutes and concerns about the coronav...Read More
By: Gary SavageGeneral market updates on today's big down-move. This video update includes: $ES, $AAPL, $COMPRead More
- Dave KranzlerAnd it's not just gold. The Fed is already hinting that more money printing is coming. Powell suggested at his semi-annual Congressional testimony that QE would be used in the next recession. A couple other Fed officials this week confirmed that the FOMC is preparing to crank up the printing press even more than it has been running since mid-September.But why does the Fed fe...Read More
David HaggithWho says there is no recession anywhere in sight? It depends on where you are looking. In short, manufacturing remains in recession; corporate profits remain in recession; freight remains deep in recession; Carmageddon remains in recession; and the Retail Apocalypse remains a recession for brick-and-mortar stores, while employment the last holdout is now also turning d...Read More
StrengthsThe best performing metal this week was palladium, up 11.52 percent as precious metals had a stellar week. Gold hit a seven-year high this week, holding above $1,600 an ounce to the highest since February 2013 largely on coronavirus fears. The metal also rose on speculation that the Federal Reserve will ease monetary policy before year-end. Gold remained strong even as the U.S. dollar a...Read More
Clive MaundIf you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update...Click on chart to popup a larger, clearer version.Chart courtesy of Larry FikeThe chart speaks for itself and requires little additional comme...Read More
Now that we are hearing stories about the viral threat of superspreaders, of deepening economic paralysis around the world, and how it could take 18 months to produce a vaccine, investors' show of bravado in recent weeks seems to have melted away. Shares got hit across-the-board on Thursday and Friday, and if investors know what's good for them they'll pound the bejeezus out of them this week. A...Read More
Gold April reached a high of $1684.10 early morning (at New Zealand open). Silver march reached at high of $1879.50. Copper march fell to a low of $256.50. Crude oil fell to a low of $51.66. Early morning high (just after New Zealand open) can be fake or just stop loss hitting price moves. No doubt the trend for gold and silver is bullish. BUT still they have to break and trade over early mornin...Read More
QUESTION: Hi MartyI hear what you are saying about the next gen and Gold vs BTC. To me it begs the question as to how the Next Gen’s look at crypto’s. Is there an argument that they like BTC etc because it is anonymous [mostly] and not part of the ‘system’. If that is the case, what will they think when Govs adopt sovereign crypto’s and outlaw BTC. Will they then loo...Read More
QUESTION: My reading of the gold was that for the slingshot up to dramatic new highs it needed the fakeout bear trap just below the 1000 mark. Since it took out your 1,362.50 number and the yearly bullish reversal at the end of 2019, does that mean the slingshot is now dead? Do you think the shift to millennials and how they rush into Bernie’s arms means that gold is losing its luster for...Read More
PRIVATE BLOG - Gold & Rally for Week of 24thPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
LONDON, 24 February 2020 - Data and comment from BullionVault today appears on the BBC's rolling financial news-page online, reporting how gold has now reached a fresh all-time record in terms of the British Pound."It's up 12.7% in 2020 and has climbed 51.4% since David Cameron called the Brexit referendum four years ago," says the BBC.Read BullionVault's full comment here:Gold reaches a fresh all...Read More
LONDON, 24 February 2020 - Leading UK personal finance site ThisIsMoney today quotes data and analysis from BullionVault as gold priced in the British Pound sets fresh all-time highs.With gold rising above ?1300 per ounce, "A pause in Covid-19 headlines might see gold take a breather," says Adrian Ash, BullionVault director of research, "but the metal has already risen in 10 of the last 12 weeks,...Read More
Silver is still in consolidation mode since early September, but it appears ready to rally over a sustained period of time.On the chart there appears to have formed some fractals. The current one has also broken out at the black line recently (just after point C).As expected, price survived the test of the 50-day moving average, and is looking really bullish. If the comparison remains valid, then...Read More