With gold hitting all-time highs (in U.S. dollars) today there is a lot of upside left in what I believe will be a generational opportunity to increase your wealth. That also means that several sectors and opportunities are being overlooked as everyone pivots to the flavor of the month.Here at the Outsider Club, we pride ourselves on finding hidden gems (pun intended) in the space that present com...Read More
Local indigenous groups oppose the project.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN rose 3.7 points to finish at 989.8 and has moved up 3.3% over the past 3 weeks.MACD fell 1.39 points to 0.31. RSI flattened out a bit, dipping 0.04 points to 62.66.Support is at 942.82 (50-day moving average) and 971.45 (20-day MA). Resistance remains at 1000 and 10...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM25 July 2020 -- SaturdayThe gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday. It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London. From that point it was sold lower until around 11:45 a.m. BST....Read More
Mark Mobius, an emerging-markets investing pioneer, shared his view on gold in a Friday interview with Bloomberg TV as the asset is the asset is set to mark...Read full newsRead More
Mark Mobius, an emerging-markets investing pioneer, shared his view on gold in a Friday interview with Bloomberg TV as the asset is the asset is set to mark...Read full newsRead More
China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom's position as the top oil supplier to China.Read full newsRead More
Gold is receiving support from the coronavirus spike, ultra-low interest rates, a weak dollar and other factors.Read full newsRead More
Venezuela's interim president, Juan Guaid??. (Image by Renew Europe, Flickr). A decision regarding Canadian miner Crystallex's request to sell the shares of PDV Holdings, the parent company of refiner Citgo Petroleum Corp., which is owned by Venezuela, was expected by the end of July. Now it is likely to be made sometime in August. This, after US Justice Department lawyers asked District Judge L...Read More
Hydrogen tank for the Toyota Mirai. (Reference image by Mario Roberto Dur??n Ortiz, Wikimedia Commons). Researchers from the Czech Republic and Russia have developed a new material that uses gold, platinum and chromium to generate hydrogen molecules from fresh, salt, and polluted water by exposure to infrared sunlight.The objective behind this development is that the solution becomes another gree...Read More
Gold is receiving support from the coronavirus spike, ultra-low interest rates, a weak dollar and other factors.Read full newsRead More
The last greenfield refinery was built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) plant in Garyville, Louisiana.Read full newsRead More
Will Tesla face a Nickel shortage? Why Elon made a pitch for more Nickel. To help give an insight into Nickel I interview Rodney Hooper from RK Equity. www.p...Read full newsRead More
Overall, the Toronto Stock Exchange seems to be doing much better than where it was in March 2020. Canadian economic data looks promising after the country implemented numerous emergency stimulus measures.The Canadian Emergency Response Benefit (CERB) from the Canada Revenue Agency (CRA) has done well to keep the economy afloat during restrictive COVID-19 measures to slow infection rates.Canadian...Read More
There are very few sectors with bullish fundamentals underlying them that are trading at reasonable valuations. I am a contrarian at heart, so I am drawn to beaten-down spaces. At the moment, two sectors that are trading at enormous discounts are the energy stocks and retail-focused REITs. However, I understand that these sectors have poor short and potentially medium-term underlying fundamentals....Read More
Is there more volatility ahead for the Toronto Stock Exchange? A second COVID-19 wave could send corporate profits falling further in a global recession. Upcoming U.S. elections will also impact global markets.The S&P/TSX Composite Index is still down 5% for the year. Finally, the index has flattened this month, possibly signalling stronger months ahead for the stock market.Energy and fin...Read More
Publisher's Note: Today we're bringing you an excerpt from The Dines Letter.You'd be hard-pressed to find a more experienced market analyst than Mr. Dines, and it'd be even harder to find one as accomplished. Read on for an important message we should all keep in mind from the "Original Goldbug".Call it like you see it,Nick Hodge While we still favor some precious metals, ________ is a different...Read More
New claims cover trends of gold-bearing horizons Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) (Read full newsRead More
This video was filmed on July 23, 2020 - just before gold hit US$1,900 per ounce! It has truly been a wild week for gold and silver. After starting the perio...Read full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More