By Rory HallNormally, I don't step out and make such bold statements as gold mining supply IS collapsing, however, in this case it seems appropriate. We have reported on several occasions just in the past week, here, here and here how some of the largest mining companies in the world are seeing massive reductions in gold production. While funding continues to flow into mining companies new disco...Read More
Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it’s due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No one can know for certain but...Read More
Turmoil has again swept the Argentine economy. Overnight short term rates have been raised to 40 percent as the currency crashes. And to think just last year they were issuing 100 year bonds with a 7.9% coupon. Who were the lucky investors getting that slop? Hopefully not hapless American pension funds. And then there's Iran. Today, Trump will decide what to do about the agreement with Iran. The s...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More
A company exploring a copper-gold project in Argentina reported high-grade results. Esperanza Drill CampIf the old saying, "We're number 2, we try harder," rings true, that must mean that Centenera Mining Corp. (CT:TSX.V; CTMIF:OTCQX) is trying hardest of all because one of its drill holes returned the third best copper intersection reported in the first quarter of this year.The company announced...Read More
Graceland Updates By Stewart Thomson 1. Please click here now. Double-click to enlarge this daily gold chart. Gold has traded in a drifting rectangle pattern for most of this year.2. Please click here now. Double-click to enlarge this important weekly gold chart. 3. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern. That has been form...Read More
Despite misguided economic policies and risinggeopolitical tensions, the long market expansion has prevailed. But times maybe changing. With the Trump fiscal policies and rearmament, America is takingmore debt than in decades, even though its sovereign debt now exceeds $21.2trillion, or 106 percent of the GDP. As fiscal stimulus kicks in (read: Trump’stax cuts), the deficit will widen. The...Read More
Max interviews Michael Krieger about the failure of consumers to follow through with their threats to delete Facebook and what the future holds for social media addicts. They also begin a discussion about Krieger's latest series, The Road to 2025.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about financ...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More
Artificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly if your side loses). P...Read More
Full Article: MGX Minerals Acquires Additional 10,000 Acres of Oil and Gas RightsMGX Minerals VANCOUVER, BRITISH COLUMBIA / May 8, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce it has acquired an additional 10,331.32 acres of Oil and Gas Leases ("Leases") located within the Company's unitized 80,380-acre Blueberry Unit ("Blueberry U...Read More
By Craig HemkeLast week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail. If you missed last week's column, you should be sure to read it. It can be found here: https://www.sprottmoney.com/Blog/gold-going-on-sal... Ultimately, this is an issue of dollar strength. The pas...Read More
By Jordan Roy-Byrne CMT, MFTA Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No on...Read More
Full Article: Argentina Joins Venezuela In The Currency Crisis ClubBy: Dollar Collapse.comIn interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I mea...Read More
How do you know when to underweight or overweight gold or silver? Mike Matousek, head trader at U.S. Global Investors, explains how he looks at the gold and silver price ratio to determine the opportune time to adjust weightings. Mike also explains silver's seasonal trading pattern and that historically returns are higher in the months of June, July and August.For Mike's full explanation of thes...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 1...Read More
Source: Maurice Jackson for Streetwise Reports 05/08/2018 Technical analyst Chris Vermeulen of Technical Traders speaks with Maurice Jackson of Proven and Probable about what he sees in the charts for Platinum Group Metals. -->Maurice Jackson: Joining us today is Chris Vermeulen of Technical Traders. Today, we will be discussing why you should consider platinum in your portfolio. Chris, we'...Read More
By Steve St. AngeloAs the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver. While one of the reasons to own precious metals is understood by many in the alternative media community, the more important critical factor is not.The motiva...Read More