TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12May 14, 2018 "The pioneering spirit should now lead American capital and American engineering to seek new sources of petroleum supplies in foreign fields for the benefit of the America of tomorrow. Nor can this be done without popular support inspired by general appreciation o...Read More
By Keith WeinerSince 1981, interest rates have been in a falling trend. Last week, we said this trend will continue, and the present blip up in rates is just a correction. We did not argue technical analysis, nor quantity of dollars, nor the general price level.Instead, we asked a question:...It seems obvious that if one wishes to say that a trend has changed, after enduring for well over three...Read More
By Avi GilburtLast weekend, I wrote an article entitled "The Market Is Going To Crash." The response to that article garnered over 55,000 hits on Seeking Alpha, which is about 4-5 times the reads that I normally get on a stock market update.This gives me anecdotal insight into where the overall sentiment is in the market today. It seems most investors are leaning quite bearish, and are looking f...Read More
By Ambrose Evans-Pritchard, Daily TelegraphFirebrand populists of Left and Right are poised to take power in Italy, forming the first "anti-system" government in a major West European state since the Second World War.Source: Wikimedia CommonsLeaders of the radical Five Star Movement and the anti-euro Lega party have been meeting to put the finishing touches on a coalition of outsiders, the "nigh...Read More
The US wants a major chunk of the investments in North Korea if a deal is reached on nuclear disarmament. This is my view for North Korea. Iran wanted to abandon the US dollar for crude oil pricing with cancelling of nuclear deal as a fall out. Trump further has reversed the ZTE Corp order so that it can negotiate with the Chinese. Gold bulls are caught between the devil and deep sea. On one han...Read More
By Ambrose Evans-Pritchard, Daily TelegraphFirebrand populists of Left and Right are poised to take power in Italy, forming the first "anti-system" government in a major West European state since the Second World War.Source: Wikimedia CommonsLeaders of the radical Five Star Movement and the anti-euro Lega party have been meeting to put the finishing touches on a coalition of outsiders, the "nigh...Read More
The US wants a major chunk of the investments in North Korea if a deal is reached on nuclear disarmament. This is my view for North Korea. Iran wanted to abandon the US dollar for crude oil pricing with cancelling of nuclear deal as a fall out. Trump further has reversed the ZTE Corp order so that it can negotiate with the Chinese. Gold bulls are caught between the devil and deep sea. On one han...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here. Tian Yang, Variant Perception's Head of Research, recently covered their must-read Understanding Leading Economic Indicators report with FS Insider. Yang explains the three major categories that most economic data fall into, how leading economic indicators (LEIs) help identify high risk/reward trades, w...Read More
The drilling program will follow up on the recently discovered "West Zone" and target additional potential discoveries at Copper KingELKO, Nev., May 14, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce the forthcoming Copper King drilling program for 2018. This program, comprised of two phases, will begin with an initial p...Read More
Facebook has thus far suspended about 200 apps in the first phase of its review into apps that had access to great quantities of user dataContinue...Read More
May 15, 2018 Guest(s): David Erfle Kitco News Contributor "What doesn't break out must break down" is the mantra David Erfle, founder of juniorminorjunky.com, is sticking to in response to Tuesday's session that saw gold fall more than 1.5%. Gold had trouble breaking out of its range of $1,300 to $1,365, and now with the dollar stronger, the yellow metal's past of least resistance was down, acco...Read More
May 15, 2018 Guest(s): Kenneth Berry CEO, Northern Vertex Mining Corp. Gold was down more than 1.5% as of 3:00 pm EST Tuesday, but one mining CEO is unfazed by this price drop, citing low mining costs as the reason his company will remain profitable during market downturns. "We're in this for the long-game, so that price pullback, I just see that as a buying opportunity for investors," said Kenn...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:PNXAUDDescriptionPNX Metals are a gold focused junior, late stage development companyLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial05/14/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$9.73M$9.73M05/14/2018$0.00MTotal Assets:$8.62M$8.62M05/14/201...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
Last week we discussed the fundamentals of Gold, which do not appear bullish at the moment. Real rates (and yields) are rising and Continue...Read More
As the mining expo Latin America Down Under takes place in Perth, Argentina's Deputy Secretary for Sustainable Mining, Juan Biset, is visiting Australia with the idea of strengthening bilateral relationships and attracting new investments for his country's mining sector, as well as for the renewable and nuclear energy sectors.According to state-owned news agency T?(C)lam, Biset is scheduled to mee...Read More
Nuria Men?(C)ndez, managing director of Orovalle, Orvana Minerals' subsidiary in Spain, told local newspaper La Nueva Espa??a that the company has plans to reopen the Carl?(C)s gold mine, located in the Salas municipality of the Principality of Asturias, northern Spain.According to the newspaper, Men?(C)ndez explained that the mine was put under care and maintenance last year but following some ex...Read More
Gold speculative longs cut back positions for the third straight week.Silver speculative longs increased positions by around 4,000 contracts on the week.Silver speculators remain short silver by around 20,000 contracts, which is extreme by historic measures.Based on speculative positioning, we remain bullish on gold and extremely bullish on silver.The latest Commitment of Traders (COT) report show...Read More
Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) announced this week that one of the six employees who was hospitalised after being trapped underground for days has been discharged from the hospital and is in good health.According to the miner, the other five rescued employees remain in a stable condition and are making good progress. "The company will continue to ensure that these employees receive appro...Read More