Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Sunrun has agreed to acquire Vivint Solar in an all-stock transaction. The deal is valued at $3.2 billion including debt.Commenting on the deal, Ravi Manghani, Wood Mackenzie Research Director, said: "Per Wood Mackenzie’s US PV Leaderboard, Sunrun and Vivint have been the #1 and #2 residential solar companies in the US for the past few years. Sunrun holds about 9% of the market share and Viv...Read More
Commenting on the news that offshore driller Ensco will buy Rowan in a $2.38 billion deal, Leslie Cook, principal analyst, Wood Mackenzie, said: "As we have been saying for the past two years, consolidation among drillers is paramount to a recovery. In that respect, this announcement comes as no surprise."Ensco and Rowan are companies that have strong brand recognition in both the jack-up and floa...Read More
For details on how your data is used and stored, see our Privacy Notice.Coronavirus, supply disruptions, muted demand and the oil price plunge have sent shockwaves across the petrochemical industry. Year-on-year profits have been considerably reduced. So how is the industry handling the blow, and what does it mean for balance sheets, budgets and planned projects?Profit margins have been squeezedCo...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.European Central Bank lowered its overnight lending rate by 0.25% to 2.00%.S&P 500 futures dropped 2 points following release of economic news at 8:30 AM EDT. Consensus for April Trade was a $66.3 billion deficit versus a $140.50 billion deficit in March. Actual was a $61.6 billion deficit. Con...Read More
Japanese company Nippon Steel's plan to purchase US Steel was bound to provoke a strong reaction from left- and right-wing economic nationalists. After all, US Steel was once the world's largest company, and it was the first company to be valued at over a billion dollars. US Steel was thus a symbol of America's economic dominance.So it was not surprising that Nippon Steel's purchase of US Steel wa...Read More
Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) announced its 2025 exploration drill program concentrated on its 100%-owned Kitsault Valley project is underway. Read why an analyst rates the stock Outperform.Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) announced its 2025 exploration drill program concentrated on its 100%-owned Kitsault Valley project is underway.Two diamond dr...Read More
Pasofino Gold Ltd. (VEIN:TSX.V; EFRGF:OTCQB; N07:FSE) kicks off a major feasibility refresh at its 3.9Moz Dugbe project in Liberia, aiming to boost project economics and unlock exploration upside. Read more to learn how shifting market dynamics, rising gold demand, and new strategic partnerships are positioning Dugbe for long-term success.Pasofino Gold Ltd. (VEIN:TSX.V; EFRGF:OTCQB; N07:FSE) has l...Read More
Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) is unlocking high-gradenickel, copper, cobalt and PGEs at its Stillwater West project in Montana. Read more to learn how this flagship project may boost America's strategic supply chain resilience. Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) announced its participation in THE Mining Investment Event of th...Read More
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) offered new insights from test mining, prompting the company to redesign its Ontario mine plan with bigger mining shapes, lower costs, and long-term growth in focus. Read more about how the bulk sample results are reshaping its strategy.West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has released a detailed update on...Read More
The US dollar banking system is in themidst of a bank run by the measures that I will illustrate here.Since the 1879 gold standard wasestablished in America, the US dollar could be directly redeemed for goldwithin the banking system. This continued even after the Federal Reserve wascreated and until it was ended for citizens in 1933.In such a system, the measure of actualgold held by the banking s...Read More
Silver has quietly had a strong start to 2025, with the price up 12.6 percent. However, it remains significantly underpriced compared to gold from a historical perspective with the gold-silver ratio still above 90-1. The gold-silver ratio tells you how many ounces of silver it takes to buy one ounce of gold given the current spot price of both metals.While industrial demand has a much bigger impac...Read More
The gold miners’ stock prices have largely decoupled from their metal, which overwhelmingly drives their profits.This fundamental disconnect has spawned a shocking valuation anomaly, with gold stocks far too low relative to gold.But this aberration won’t last, as markets abhor extreme deviations from precedent.Mean reversions and proportional overshoots soon follow, so gold stocks will...Read More
Calm before the storm, anyone?Turning Points AheadSo far, this week has been calm.However, as you read in my previous analysis, the turning points are near andwe still have four more sessions before the end of the year. Bitcoin justfailed to move above $100k again, and it is declining in the pre-markettrading, and S&P 500 futures are down as well. Time will tell if that wasthe beginning of a b...Read More
Gold truly enjoyed aremarkable 2024, relentlessly powering higher to many new records. Gold achieved a rare monster-status upleg,which proved extraordinarily-unusual. Big gains stacked up despite extreme overboughtness, speculators’exceedingly-overextended gold-futures positioning, and American stock investorsnot yet chasing gold’s upside. Severalsources of major globa...Read More
The Federal Reservesomehow surprised traders with a hawkish rate cut this week. While that had been expected, apparently theFed’s projected rate-cut trajectory slowed even more than feared. So market reactions were violent, includingthe US dollar blasting higher unleashing heavy gold-futures selling. This is the latest in a long line ofFed-spawned tests of gold’s resi...Read More
Silver is stepping back into the spotlight, glinting with the promise of rising prices, surging demand, and shifting market dynamics. Building on insights from my previous article, “Silver Worth $150-$170? Facts to Make the Case for a Major Price Surge,” it’s clear the metal isn’t just playing second fiddle to gold, it’s tuning up for its own symphony. Current Market...Read More
How many hours of work would it take topurchase one ounce of gold? Now you’ll know. Interesting, right?The 1980 Peak StillReignsGold price truly peaked in the 1980,and while it moved to new nominal highs in 2011, this wasn’t the case in termsof how much one would have to work for it. In 2011, gold peaked slightly belowthe previous high. This year, we saw another move to those extreme v...Read More
Copper, silver, and gold quite often movetogether, especially during the big moves.Impending Massive SlideAnd this is currently very helpful.Given gold’s recent decline and a muchbigger decline in silver and mining stocks, one might wonder whether miners’and silver’s weakness are telling the truth about the precious metals market’soutlook, or if it’s gold that’s...Read More
In my yesterday’s Gold TradingAlert, I wrote that we had some clues regarding the end of thecorrective upswing.CorrectiveUpswing Nearing Its EndWe saw an invalidation in the GDXJ (ofthe tiny move to new short-term highs), and before that silver outperformed ona short-term basis, which was also a bearish indication. Today, we got somemore. Today, miners are back in theirunderperform...Read More
Gold’s monster uplegremains alive and well, after weathering a sharp post-election selloff. One had certainly been due, as gold had justsurged to extremely-overbought levels. The resulting pullback was big and fast, doing much essentialrebalancing work. Gold’s resiliencedefying some bearish headwinds is a bullish omen. Despite its massive size, this monster upleg...Read More