Around three weeks ago, silver slipped to a multi-year low, trading at just over US$14 an ounce - its lowest price since January 2016. In recent days, the white metal has recovered, gaining 3% to trade at just over US$14.50 per ounce. Some analysts claim that now is the time to buy silver.Nonetheless, those assertions appear premature, especially for a precious metal that has shown itself to be ex...Read More
Shares in Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) are down close to 18% so far to start 2018 and have fallen 23% since the first week of July.However, the tide has been turning of late for the world's largest pure streaming company, with those shares gaining 11.4% since September 11, including a 3.5% gain in Thursday's trading session.With momentum beginning to reverse course, is WPM stock a...Read More
I suppose Dennis Gartman, who has the attention-span of a fruit fly, conveniently forgot about this remarkably idiotic assertion:Read More
In this episode, staff writer Richard Quarisa interviews three mining portfolio managers at this year's Precious Metals Summit in beautiful Beaver Creek, Colorado, in late September as all three share their takes on the future for the gold market plus a few of their favourite picks among the precious metals juniors.In order of appearance, Richard speaks with Doug Groh, portfolio manager at Tocquev...Read More
Yesterday, I brought you part one of my series with Governor Gary Johnson - third-party presidential candidate and current nominee for the U.S. Senate.We talked about everything from political discord to mutual understanding and had some headier conversations about politics and life in general. You can read that here.But since this is an investment newsletter, I want to spend today sharing our con...Read More
"This Company Made a Once-in-a-Lifetime Gold Discovery - What's Next?According to Mark Selby, president and CEO of RNC Minerals (TSX:RNX), the work has just begun. Hear what he has to say at: https://t.co/yfH74XaUho #preciousmetals #gold #investing"Read full newsRead More
CloseGain/LossOn WeekGold $1191.70+$7.40-0.61%Silver$14.62+$0.36+2.24%XAU65.18+0.91%-1.29%HUI141.07+0.79%-1.26%GDM515.54+0.78%-1.35%JSE Gold996.28+12.15-3.87%USD95.15+0.21+1.00%Euro116.12-0.31-1.22%Yen88.16-0.13-0.79%Oil$73.25+$1.13+3.49%10-Year3.055%+0.001-0.26%Bond140.5625-0.09375+0.09%Dow26458.31+0.07%-1.07%Nasdaq8046.35+0.05%+0.74%S&P2913.98-0.00%-0.54% The Metals: Gold dropped $3.40 t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,940210,58851,897167,904160,824412,741423,309Change from Prior Reporting Period -4,8571,947-4,581-3,389-8,778-12,827-11,412Traders16398765550252192 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,53836,970460,279 3,6702,255-9,157 non reportable positionsChange...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.We released the Goldnomics Podcast and interviewed the 'Silver Guru', David Morgan about how silver and gold have been manipulated lower in the short term, are undervalued and will protect and grow wealth in the coming currency collapse.Gold and silver prices have fallen again this week a...Read More
Focus over the next two weeks will be on fundamentals. Currency prices will be dependent on comparative growth rates for the next six months. Growth rates and inflation trends will dictate the interest rate cycle which in turn will affect gold and silver prices. Industrial metals trend will be dependent on Chinese and American growth outlook. Next week's US September various jobs numbers will be...Read More
When I first shared this chart I thought it was kind of interesting to see leveraged long ETF assets surge in the lead up to the market peak in January, and stRead full newsRead More
Even though it posted a net loss of US$24.8 million for H1 2018, the company believes it will report a net profit in 2019 thanks to a specialty gold project in its portfolio.Read full newsRead More
Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) CEO Frank Basa presented at the Denver Gold Show this week. He provided an overview of the company's Granada Gold project and the work the company is doing at the Aukeko and Genesis targets. Read full newsRead More
Spiking cobalt and lithium demand from booming sales of electric vehicles grabs all the headlines, partly thanks to Tesla CEO Elon Musk's propensity to make news, but another battery metal has actually experienced more action this year.Vanadium is primarily used to strengthen steel (today it makes up more than 90% of the market) and prices for ferro-vanadium hit decade highs this month.Vanadium pe...Read More
Spiking cobalt and lithium demand from booming sales of electric vehicles grabs all the headlines, partly thanks to Tesla CEO Elon Musk's propensity to make news, but another battery metal has actually experienced more action this year.Vanadium is primarily used to strengthen steel (today it makes up more than 90% of the market) and prices for ferro-vanadium hit decade highs this month.Vanadium pe...Read More
"Earlier Pre-FOMC, GoldTrends posted the 1st chart & suggested the odds (not the absolute) favored lows for gold would be either 1192 (+/- 2 $$) or 1182 (+/- 2 $$).The 2nd chart shows the low was 1180.77 & now prices have reversed back to 1192. Need to get back above trend line."Read full newsRead More
The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks.Investors in these stocks often lose everything … but they can also end up earning massive profits from a small amount of investment capital. For example, Book...Read More
Barrick Gold's (ABX) latest deal with Randgold to create an industry-leading gold company with the highest concentration of Tier One Gold Assets.Read full newsRead More
"India's Biometric ID System Registered 1 Billion People. A Court Just Restricted Who Can Use That Gold Mine of Data https://t.co/VZTHGotgT0"Read full newsRead More
Probably not, but it could be an invaluable resource, says Michael Kirsch, MDRead full newsRead More